Coinbase CEO Brian Armstrong weighs in on meme coins

Coinbase has launched Proof of Reserves (PoR) for its cbBTC token. This initiative aims to reassure users that each cbBTC is backed 1:1 by Bitcoin. The move addresses concerns about transparency and centralized control in the crypto sector. According to the PoR data, Coinbase holds 26,525.15 BTC to back a supply of 26,461.05 cbBTC tokens. These tokens are distributed across various networks. Ethereum has the largest share with 16,080 cbBTC.

Strategy, formerly known as MicroStrategy, is issuing $2 billion in convertible senior notes. This funding will be used to buy more Bitcoin. The company has a history of accumulating Bitcoin through stock offerings. Michael Saylor, the CEO, mentioned that the firm did not buy any Bitcoin last week. This pause interrupted their usual buying trend. However, Strategy remains dedicated to its Bitcoin strategy. Since starting to acquire Bitcoin, the company

Former Binance CEO CZ believes that crypto wallets should be the main tool for daily transactions, while exchanges should cater to professional traders. He shared this opinion during a discussion with Trust Wallet CEO Eowyn Chen. CZ emphasized that wallets are evolving beyond just storage options. Even though CZ is no longer at the helm of Binance, he is still active in the crypto space through YZI Labs and the

Orderly has integrated its omnichain liquidity infrastructure with Monad, a high-performance EVM Layer 1 blockchain. This integration allows projects within the Monad ecosystem, such as decentralized exchanges, to access deep liquidity easily. Developers can utilize a unified order book that connects cross-chain liquidity and a sophisticated SDK provided by Orderly. Orderly’s architecture is supported by over 20 expert market makers, including Wintermute, Selini, and Riverside. This support leads to narrower