Author: Stephanie Bedard-Chateauneuf

Coinbase Embedded Wallets Beta Launches

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency.

Coinbase Global Inc. (NASDAQ:COIN) has taken a bold step forward in expanding its developer ecosystem with the launch of its beta for Coinbase Embedded Wallets. This strategic move aims to simplify crypto integration into third-party applications, while strengthening self-custody capabilities for users.

The Coinbase Embedded Wallets feature is a major component of the Coinbase Developer Platform (CDP), and could signal a major turning point for crypto application development.

What Are Coinbase Embedded Wallets?

At its core, Coinbase Embedded Wallets allow developers to integrate self-custodied crypto wallets directly into their apps through an API-powered interface. This eliminates the need for external browser extensions or complex wallet setup processes.

Instead of requiring users to manage private keys and seed phrases—often seen as a hurdle for crypto adoption—the embedded wallet system enables web2-style logins using email, SMS, or OAuth. These simplified onboarding methods drastically reduce friction, allowing non-technical users to create wallets in less than 200 milliseconds with a single command:

According to Coinbase’s blog post, this single command is enough to spin up a wallet tied to an email address, allowing developers to offer crypto functionality with minimal setup.

Coinbase Embedded Wallets Leverage TEE Security

Security is a cornerstone of the Coinbase Embedded Wallets initiative. The tool leverages the same infrastructure and security features as Coinbase’s flagship trading products, notably Trusted Execution Environments (TEEs).

TEEs isolate sensitive processes and store private keys in encrypted environments, adding a high level of protection without placing security burdens on the end user. Developers gain access to Coinbase’s mission-critical infrastructure, while retaining full control over user experience.

A unified API stack also powers advanced functionality such as:

  • Transfers and trades

  • Token balances

  • Staking and rewards

  • Cross-chain interactions

This infrastructure removes the heavy lifting for developers, allowing them to plug into Coinbase’s mature backend while building intuitive user interfaces.

Free Access Until September 30, 2025

To accelerate adoption of Coinbase Embedded Wallets, the company is offering free access for Onramp customers until September 30, 2025. This promotional window lowers the barrier for startups, web3 builders, and creators to experiment with the technology and integrate it into their products.

Coinbase is betting that this early-stage incentive will drive usage and help expand its developer base significantly—especially as blockchain adoption continues to grow across finance, gaming, and social platforms.

Use Cases: From DeFi to Creator Economy

The use cases for Coinbase Embedded Wallets span a wide range of industries. In its announcement, Coinbase highlighted potential applications in:

  • Remittance platforms for fast, cross-border payments

  • DeFi marketplaces for swapping and staking assets

  • B2B payroll systems handling tokenized compensation

  • Creator economy tools for tipping, donations, or rewards

  • Blockchain games with integrated wallet and token features

Early adopters like Zylu and Stablelink are already demonstrating real-world applications. Zylu, for instance, enables frictionless payments between countries, while Stablelink simplifies donation flows for nonprofits.

Coinbase’s Broader Strategy

The launch of Coinbase Embedded Wallets aligns with the company’s broader push into infrastructure-as-a-service for the crypto industry. As regulatory pressure grows on centralized exchanges, Coinbase is positioning itself not just as a trading platform, but as a foundational layer for web3 developers.

By offering tools like Embedded Wallets, Coinbase could begin competing with infrastructure providers such as Alchemy, WalletConnect, and even MetaMask. If successful, this beta could evolve into a new revenue stream while reinforcing Coinbase’s relevance in a rapidly evolving decentralized ecosystem.

Final Thoughts

The Coinbase Embedded Wallets beta represents a key inflection point for both Coinbase and the broader crypto development community. With simplified onboarding, powerful APIs, and top-tier security, the tool has the potential to radically lower barriers to blockchain adoption.

As Coinbase (NASDAQ:COIN) continues to pivot from consumer-facing exchange to full-service infrastructure provider, innovations like Embedded Wallets will be critical in maintaining its edge in the web3 race.

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Digital Asset Treasury Companies Face Growing Risks

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency.

Digital asset treasury companies (DATCOs) are on the rise, but their rapid expansion may be building systemic risk into the crypto ecosystem. A new report from Galaxy Digital, a leading crypto financial services firm, warns that these companies may be repeating dangerous patterns from history—patterns that could unravel the very market they’re helping to build.

DATCOs are public companies that use their equity capital to accumulate Bitcoin (BTC), Ethereum (ETH), and other digital assets. The model, made famous by MicroStrategy Inc. (NASDAQ:MSTR), is now being mimicked by a growing list of firms such as Metaplanet Inc. (TSE:3350) and SharpLink Gaming Ltd. (NASDAQ:SBET). Altogether, DATCOs now hold more than $100 billion in digital assets.

The Fragile Math Behind DATCOs

The financial structure of digital asset treasury companies relies on one crucial condition: that their stock price remains higher than the net asset value (NAV) of their holdings. As long as this equity premium exists, they can raise capital by issuing new shares, buy more crypto, and boost their NAV even further.

But if this premium evaporates—or worse, flips into a discount—the model breaks down. Galaxy compares this reflexive loop to the investment trust bubble of the 1920s, where speculative fever drove investors into highly leveraged entities like the Goldman Sachs Trading Corporation, which was essentially the MicroStrategy of its time. The bubble eventually burst with devastating consequences.

Galaxy warns that a similar speculative pathology could be at play today. “The playbook is clear, and capital is pouring in,” the report notes. “But this is part of the risk.”

A Crowded and Correlated Trade

If a handful of companies followed this strategy in isolation, the risks might be manageable. But Galaxy observes that “ten or so firms a week are now crowding into this trade.” These digital asset treasury companies are not only pursuing the same strategy—they’re highly correlated to one another and to the underlying crypto markets.

This creates a structurally fragile situation: if investor sentiment turns, crypto prices drop, or liquidity tightens, redemptions and stock buybacks could cascade across the sector. As companies begin selling off assets to support their stock prices or operations, it could create significant downward pressure on crypto prices, Galaxy said.

Even a halt in net accumulation could remove one of the strongest supports for Bitcoin this cycle—namely, the persistent buying from corporate treasuries.

Early Warning Signs and What Comes Next

The cracks are already showing. Some DATCOs are beginning to trade below their NAV, prompting stock buybacks to close the discount. One such example is Bitmine, which has secured board approval to repurchase up to $1 billion in shares.

Galaxy suggests this could lead to a new wave of consolidation in the sector. Premium-trading firms like MicroStrategy (NASDAQ:MSTR) may acquire smaller players trading at a discount, effectively buying Bitcoin at a reduced price using their own overvalued stock. But this only works as long as the acquiring firms themselves maintain that premium.

If sentiment shifts and premiums vanish, the DATCO model could collapse under its own weight.

Implications for the Broader Crypto Market

As digital asset treasury companies grow larger, their market impact intensifies. An unwind of this strategy could dampen institutional enthusiasm for crypto and slow inflows into crypto ETFs—a key channel for retail and professional investors alike.

Galaxy concludes that if this cycle ends in a mass unwind, it could “weaken the strongest tailwind crypto has had”: the normalization of digital assets on corporate balance sheets. Without that support, the crypto market may face a more volatile and uncertain future.

Crypto Exchange USA Growth: Gate Leads New Wave

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency.

The crypto exchange USA landscape is evolving rapidly in 2025, with established global players entering or reentering the American market. One of the latest platforms to join the fray is Gate.io, which has officially launched spot trading services in the United States. Founded in 2013 by Chinese scientist Lin Han, Gate has long been one of the world’s largest exchanges by trading pairs and volume. Its U.S. launch signals both renewed regulatory clarity and growing optimism about the American crypto sector.

Why Gate Is Betting on the U.S. Market

Gate’s move into the crypto exchange USA space comes as Washington begins to firm up its long-awaited digital asset framework. According to Gate, the decision to launch in the U.S. was motivated by “improved regulatory clarity.” The company plans to roll out crypto trading pairs first, with fiat on- and off-ramps and custodial wallet services to follow.

As of July 24, 2025, Gate supports more than 3,800 trading pairs—making it one of the most diverse crypto exchanges in the world. In just 24 hours, the platform saw $6.8 billion in spot trading volume, according to data from CoinMarketCap.

Gate’s leadership views the U.S. not only as a massive market, but also as a global hub for regulatory leadership, fintech innovation, and capital formation. The platform’s entry into the U.S. underscores a broader shift: international crypto exchanges are no longer avoiding the American market—they’re doubling down on it.

Legislation Brings Clarity to Crypto Exchanges

The crypto exchange USA trend has gained momentum in part due to a more favorable political climate. President Donald Trump recently declared his ambition to make the U.S. “the world capital of crypto,” a pledge that seems to be moving from rhetoric to policy.

Two proposed bills—the GENIUS Act and the CLARITY Act—aim to establish a consistent legal framework for crypto trading, lending, and asset custody. These efforts are attracting major global exchanges back to the United States.

For example, OKX reentered the market in April 2025 following a $505 million settlement with the U.S. Department of Justice. The company is also rumored to be eyeing an initial public offering (IPO) on an American exchange. Meanwhile, Binance.US has reportedly been preparing to restart services for U.S. customers after a turbulent regulatory period.

The American Crypto Market: A Global Giant

The crypto exchange USA space remains the largest globally. According to Chainalysis, between July 2023 and June 2024, U.S. crypto users received over $750 billion in digital assets, far outpacing the United Kingdom and Russia.

The adoption rate is also striking. A 2025 Security.org survey found that 28% of American adults, or around 65 million people, currently own cryptocurrency. Additionally, 14% of non-owners plan to make their first crypto purchase this year. Of those who already hold digital assets, 67% said they intend to buy more in 2025.

Bitcoin (BTC) remains the most widely held cryptocurrency, followed by Ethereum (ETH). These trends illustrate that U.S. investors remain deeply engaged in the market—making the country a prime target for global exchanges.

What’s Next for Gate and the Industry

With its U.S. launch, Gate joins a growing list of platforms eager to claim a piece of the world’s most active crypto economy. If legislative progress continues and consumer demand holds steady, the crypto exchange USA trend is likely to intensify.

Gate’s phased approach—starting with spot trading and expanding to fiat services and wallet infrastructure—reflects a strategic bid to gain trust in a historically cautious market. For retail investors and institutions alike, the return of major exchanges like Gate and OKX could signal a more mature and secure era for U.S. crypto trading.

As the industry navigates its next chapter, one thing is clear: the crypto exchange USA revival is no longer theoretical—it’s happening now.

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Ethereum ETFs Hit $21.8B in First Year of Trading

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency.

The rise of Ethereum ETFs marks a significant milestone in crypto’s march toward mainstream financial acceptance. A year after their Wall Street debut on July 23, 2024, nine U.S.-based Ethereum exchange-traded funds now collectively hold over 5.73 million ETH—equivalent to approximately $21.8 billion.

This growth reflects a sharp reversal from their early rocky start, when funds like Grayscale Ethereum Trust (OTC:ETHE) saw major outflows. Today, the narrative has flipped: institutional appetite for Ethereum is not only back—it’s booming.

From Early Outflows to Massive Inflows

Initially, Ethereum ETFs faced challenges. Grayscale’s ETHE, converting from a trust to an ETF, offloaded nearly $4.3 billion in ETH, sparking industry-wide outflows. Despite this rocky transition, ETHE remains the second-largest Ethereum ETF by holdings, showcasing the resilience of investor confidence.

Leading the pack is BlackRock’s Ethereum ETF (NASDAQ:ETHA), which holds a staggering 3,018,770 ETH, worth just over $11.47 billion. Since launch, ETHA has attracted $9.06 billion in net inflows—far surpassing its peers and underscoring BlackRock’s sway in the crypto investment market.

Grayscale’s ETHE follows with 1,129,021 ETH, valued at approximately $4.29 billion, while Fidelity’s Ethereum ETF (NYSE:FETH) rounds out the top three with 684,874 ETH worth around $2.6 billion.

Smaller Ethereum ETFs Add to the Surge

Beyond the top players, smaller funds are steadily contributing to the ETH accumulation. Grayscale’s Ethereum Mini Trust adds another 666,074 ETH ($2.53 billion), while Bitwise Ethereum ETF (NYSE:ETHW) holds 138,264 ETH ($525.8 million).

VanEck’s ETHV manages 56,748 ETH worth $215.8 million, and Franklin Templeton’s EZET ETF (NYSE:EZET) adds 20,122 ETH valued at $76.5 million.

Meanwhile, 21Shares’ CETH ETF and Invesco Galaxy’s QETH (NASDAQ:QETH) hold 10,491 ETH and 10,074 ETH respectively—valued at just under $40 million each. In total, the nine Ethereum ETFs now control 4.75% of ETH’s circulating supply, which currently sits at around 120.7 million coins.

Ethereum ETFs Fuel Broader Market Momentum

The recent surge in Ethereum ETF holdings is part of a larger trend: institutions and crypto firms are quietly stacking ETH. Publicly traded Bitmine Immersion Technologies (OTC:BMNR) holds 625,000 ETH, while Sharplink Gaming (NASDAQ:SBET) holds 449,276 ETH—further demonstrating the growing appetite for the asset outside the ETF space.

While these companies are not ETFs, they provide investors with indirect exposure to Ethereum, acting almost like crypto treasury proxies. As ETH gains institutional favor, its scarcity may increase, pushing prices higher and drawing even more interest from asset managers.

What’s Driving the Ethereum ETF Demand?

Several factors are fueling the renewed momentum in Ethereum ETFs:

  • Regulatory Clarity: The SEC’s recent greenlighting of ETH-based ETFs has provided confidence to institutional investors wary of unclear crypto policy.

  • Institutional Adoption: Firms like BlackRock, Fidelity, and VanEck lend credibility to Ethereum as an investable asset class.

  • ETH 2.0 and Staking: With Ethereum’s shift to proof-of-stake, ETH offers passive yield potential—making it attractive for long-term investors.

  • Macro Trends: In a high-inflation environment, crypto is once again being eyed as an alternative asset class with asymmetric upside.

Conclusion

In just one year, Ethereum ETFs have gone from a shaky launch to controlling nearly 5% of the ETH supply. With more than $21.8 billion in total assets under management, they’re becoming a crucial part of Ethereum’s market dynamics.

As traditional institutions deepen their involvement in the crypto space and more firms allocate ETH to their balance sheets, these ETFs are likely to serve as a barometer for broader Ethereum adoption—and possibly, long-term price appreciation.

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SEC Unveils Bold New Crypto Regulation Agenda

Written by Stephanie Bedard-Chateauneuf on . Posted in Cryptocurrency.

In a major win for the digital asset industry, the U.S. Securities and Exchange Commission (SEC) has introduced sweeping plans for crypto regulation that could reshape how cryptocurrencies are governed in American capital markets. SEC Chair Paul Atkins revealed the details in Washington this week, outlining a bold vision for modernizing securities laws to align with blockchain-based innovation.

Crypto Regulation Reform Gains Momentum

Atkins announced that SEC staff have been directed to draft clear guidance on when a crypto token qualifies as a security. This move addresses one of the crypto industry’s longstanding grievances — the lack of clarity on how tokens are categorized under federal law.

He also proposed a slate of exemptions and disclosure rules tailored for blockchain-based assets. These measures would allow more flexible treatment of tokenized securities, such as blockchain-issued shares of companies or funds, which are gaining traction among major players in the crypto space.

“This represents more than a regulatory shift — it is a generational opportunity,” said Atkins during his speech at the America First Policy Institute.

Trump-Backed Push Accelerates Crypto-Friendly Reforms

The announcement comes just one day after a White House-backed working group formed by former President Donald Trump called on the SEC to establish specific crypto regulation guidelines. The group’s report urged federal agencies, including the Commodity Futures Trading Commission (CFTC), to use their current powers to facilitate digital asset trading nationwide.

Trump has openly embraced digital assets, campaigning last year as a self-proclaimed “crypto president” and vowing to support blockchain innovation. This is a marked departure from the Biden-era approach, which saw the SEC aggressively pursue lawsuits against exchanges like Coinbase (NASDAQ:COIN) and Binance for allegedly violating securities laws.

Atkins has signaled that under his leadership, such adversarial tactics will be replaced by collaboration and innovation.

Introducing “Project Crypto”

Central to this vision is a new initiative called Project Crypto, aimed at modernizing outdated financial rules for a blockchain-driven economy. Project Crypto will serve as the regulatory hub for digital asset policy development at the SEC.

Atkins emphasized that the agency will immediately move to implement the White House’s crypto recommendations, including:

  • An “innovation exemption” to ease entry for startups testing new blockchain models.

  • Guidance on categorizing digital assets as commodities or securities.

  • Drafting rules for distribution, custody, and trading of crypto assets.

  • Exploring interpretative powers and exemptions to support innovation prior to formal rule changes.

Crypto Securities Could Soon Trade Alongside Commodities

A key development in Atkins’ plan is the proposal to allow certain crypto securities to trade alongside commodities on integrated platforms — a shift that would break down longstanding regulatory silos. Currently, U.S. law requires securities and commodities to be traded separately, creating compliance challenges for crypto platforms.

Atkins noted that “most cryptocurrencies are not securities,” aligning with industry sentiment and challenging the approach of previous SEC leadership. This change in stance could help ease the regulatory burden on firms offering digital tokens.

Industry Cheers, Critics Raise Eyebrows

The crypto industry has welcomed the proposed changes as a long-overdue modernization of U.S. financial laws. Lobbyists and executives have long argued that existing rules — many written decades before the advent of blockchain — stifle innovation and drive projects offshore.

The SEC’s new direction under Atkins addresses nearly all the items on the industry’s wish list, from regulatory clarity to streamlined compliance pathways.

Still, critics warn that the close alignment between crypto firms and the Trump administration raises ethical red flags. Trump’s family has launched meme coins, and he reportedly holds a stake in World Liberty Financial, a crypto platform. While the White House denies any conflict of interest, transparency advocates remain cautious.

Conclusion

Atkins’ sweeping crypto regulation agenda marks a turning point in the relationship between digital assets and traditional finance. If implemented, it could lay the foundation for a more integrated and innovation-friendly financial system — and dramatically shift the U.S. crypto landscape in the process.

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