JUST IN: Google collaborates with Coinbase to add crypto payments to its new AI payments protocol. https://t.co/dn0yfMLcoX ...

Partnerships & Technology - Google releases AI-powered payments protocol with stablecoin support [1] - Google has partnered with Coinbase [1] - Google has partnered with Salesforce [1]

Coinbase published a comprehensive defense against banking industry claims that stablecoins threaten traditional financial stability, arguing the “deposit erosion” narrative is a “myth” designed to protect banks’ $187 billion annual payment processing monopoly. The exchange released research titled “Beyond the Deposit Debate,” challenging Treasury estimates of $6 trillion in potential deposit outflows from yield-bearing stablecoins. Research Challenges Banking Industry’s Deposit Flight Claims The defens ...

Core Insights - Coinbase's Layer 2 solution, Base, is officially exploring the launch of a network token, as announced by Jesse Pollak at BaseCamp [2][6] - The company aims to engage with U.S. regulators during the token development process, emphasizing transparency [2][6] - Base has demonstrated significant usage metrics, which could position its token favorably in the market upon launch [2][6] Usage Metrics - Base currently has approximately 13 million daily transactions [6] - There are around 865,000 active addresses on the Base network [6] - Total Value Locked (TVL) in Base is about $5 billion, with a 24-hour decentralized exchange (DEX) volume of approximately $1.28 billion [6][7] Market Comparisons - Base's TVL of ~$5 billion and DEX volume of ~$1.28 billion positions it competitively against other Layer 2 solutions [7] - For comparison, Arbitrum has a TVL of ~$3.45 billion and a 24-hour DEX volume of ~$521 million, while Optimism has a TVL of ~$2.27 billion and a DEX volume of ~$29 million [7] - BNB Chain, with a fully diluted valuation (fdv) of $128 billion, has a DEX volume of ~$2.48 billion [7]

Full story: https://t.co/cKiljDySa9 ...

🚨 🚨 🚨 544 #BTC (62,861,849 USD) transferred from #Cumberland to Coinbase Institutionalhttps://t.co/xSxcRd6Bcr ...

⚡️ INSIGHT: Coinbase’s policy head Faryar Shirzad argues stablecoins don’t cause deposit flight, countering recent concerns from banks and regulators. https://t.co/S07YzrTFgD ...

Group 1 - Jack Dorsey, co-founder and CEO of Block Inc., is encouraging Square merchants to test Bitcoin payments, indicating a push towards integrating cryptocurrency into everyday transactions [1][2] - The Bitcoin payment functionality is in the final stages of testing and is expected to roll out in the second half of 2025, reaching all eligible Square merchants by 2026 [3] - Dorsey advocates for Bitcoin as a transactional currency, emphasizing its need to transition from a store of value to a medium of exchange, referencing the original vision of Bitcoin as a "peer-to-peer electronic cash system" [4] Group 2 - As of the latest data, Bitcoin (BTC) is trading at $115,364, down 0.68% in the last 24 hours, while Block shares increased by 0.58% in pre-market trading after a 2.42% rise during the previous trading session [5] - Block's stock shows a high growth score, reflecting strong historical expansion in earnings and revenue, which positions it favorably compared to other cryptocurrency-linked stocks [6]

Contrary to claims from the U.S. banking industry, stablecoins do not pose a risk to the financial system, according to the chief policy officer at crypto exchange Coinbase (COIN), Faryar Shirzad. Banks' claims that they do are are myths crafted to defend their revenues, he wrote in a Tueday blog post. "The central claim — that stablecoins will cause a mass outflow of bank deposits — simply doesn’t hold up," Shirzad wrote. "Recent analysis shows no meaningful link between stablecoin adoption and deposit f ...

🚨 🚨 🚨 432 #BTC (50,038,103 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/7ZJFRTQTmO ...