🇺🇸 NEW: Donald Trump Jr-backed social media company Thumzup raised $50M to expand into cryptocurrency mining and its crypto treasury investments.It also announced a partnership with Coinbase to establish a Bitcoin-backed credit facility. https://t.co/4AYHGZVERP ...

🚨 🚨 🚨 420 #BTC (51,861,589 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/0Okz7pYLO0 ...

🚨 🚨 🚨 421 #BTC (52,158,783 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/ktfwVa0Yjt ...

RT Coinbase Assets 🛡️ (@CoinbaseAssets)Sends and receives of USDC on Base are now available to New York residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. ...

🚨 🚨 🚨 421 #BTC (51,785,084 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/3MqAjStuB5 ...

Investment Strategy - A 5% Bitcoin allocation significantly improves portfolio performance [1] - Suggests exploring the impact of a 100% Bitcoin allocation [1]

Cryptocurrency Market Trends - Trenches Season 2 即将全面展开，预计 Solana 链上流动性将迅速增加 [1] - Coinbase Assets 正在考虑增加 Useless Coin (USELESS) 到其资产路线图 [1]

Listing & Market Sentiment - Coinbase 将 Useless Coin (USELESS) 列入资产路线图，引发市场关注 [1] - 市场猜测 Kraken, Binance US 和 Robinhood 可能会跟进上线 USELESS [1][2] - 市场认为在 $ETH 和 $SOL 表现强劲的情况下，上线 USELESS 可能会引发另类币季节 [1] Potential Impact - 上线 Coinbase 可能会使散户更容易购买 USELESS，从而推动 BonkFun 生态系统发展 [1] - 市场认为 USELESS 具有强大的叙事性，可能成为“天选之子” [1]

🚨 🚨 🚨 421 #BTC (51,320,024 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/hxXEZsidkV ...

Summary of Coinbase Conference Call Company Overview - **Company**: Coinbase - **Industry**: Cryptocurrency Exchange and Blockchain Services Key Points and Arguments Regulatory Environment - The current U.S. administration is the most pro-crypto, leading to significant regulatory clarity, including the recently enacted Genius Act for stablecoins [6][22] - The Clarity Act is expected to progress through the Senate, with optimism for its passage by year-end [22][24] Revenue Composition - Approximately 40% of Coinbase's revenue comes from non-trading activities such as stablecoin, interest income, staking, and custody [3] - Trading revenue constituted about 60% in the last quarter, indicating a balanced revenue model [7] Product Development and Expansion - Coinbase is focused on expanding its product offerings, including derivatives, payments, and tokenization [4][11] - The company has launched new products like the Base app, perpetual futures, and tokenized securities [4][10] - The Base app aims to integrate various functionalities, including trading, payments, and social networking [56][58] Derivatives Market - Coinbase has seen strong growth in derivatives trading, with a total notional volume of $1 trillion in Q2, up from $800 billion in Q1 [18] - The company is the first U.S. regulated futures exchange to offer 24/7 futures for major cryptocurrencies [17] International Expansion - Coinbase has secured a MICA license in Luxembourg, facilitating easier market entry across Europe [25][27] - The company has launched operations in countries like Singapore, Brazil, Canada, and Australia, generating revenue exceeding direct operating costs [27][28] Stablecoin Strategy - USDC is positioned as a compliant payment stablecoin, with significant market cap growth anticipated following regulatory clarity [29][30] - The company emphasizes the importance of compliance and transparency in the stablecoin market [31][33] Partnerships - Coinbase has established partnerships with major banks like JPMorgan and PNC, enhancing its infrastructure and service offerings [34][36] - Collaborations with merchants like Shopify aim to drive USDC adoption among a broader audience [39][40] Tokenization Ambitions - Coinbase aims to tokenize various asset classes, believing that regulatory clarity will enable this evolution [42][44] - The company envisions a future where all assets are tokenized, facilitating 24/7 global markets [46] Capital Allocation Strategy - Coinbase has a strong balance sheet with $9.3 billion in USD resources and plans to focus on both organic growth and potential acquisitions [61][63] - The company is committed to generating positive adjusted EBITDA across all operating environments [63] Future Outlook - Coinbase is focused on three main priorities: growing trading business, expanding payment offerings, and establishing itself as a trusted partner in the crypto ecosystem [65][66] - The company is investing in a diverse portfolio of products to stabilize revenue streams as it moves away from speculative trading [67] Additional Important Content - The company acknowledges that not all products will succeed, but it is willing to make bets on innovation and quickly pivot if necessary [67] - The Base app is still in early stages, with a focus on user engagement and integration of various services [59][60]