Crypto News
Coinbase Initiated at Outperform at Bernstein; Best-Positioned to Benefit From Regulatory Tailwinds
The crypto industry is expected to join the financial mainstream in the U.S. as the regulatory environment improves, and Coinbase (COIN) is well positioned to benefit from these tailwinds, broker Bernstein said in a report Monday.Bernstein initiated coverage of the crypto exchange with an outperform rating and a $310 price target. The shares dropped 2% to $185.20 in early trading.Regulatory clarity will result in more competition for Coinbase from fintech companies, brokers and banks, the report said.Still, a "strong bull market and rising U.S. onshore dominance" is expected to more than offset market share and pricing pressures, analysts led by Gautam Chhugani wrote. An improving regulatory backdrop under Donald Trump's new administration is viewed as a huge tailwind for digital...
Meme Coin Launchpad Four.Meme Falls Victim to Another Exploit
The attack was the second in two months, on this occasion exploiting a “critical flaw” in Four.Meme’s liquidity mechanism.Source link
BTCC Exchange Named Headline Sponsor of Red Eagle Foundation’s Charity Golf Day Featuring Matt Le Tissier
This content is provided by a sponsor. PRESS RELEASE. March 18, 2025 – BTCC, the world’s longest-serving crypto exchange, is proud to continue its support of the Red Eagle Foundation’s charity golf day this year, featuring football legend Matt Le Tissier. This prestigious event, set for March 27, 2025, at the esteemed London Golf Club,Source link
Stablecoin Protocol Level Aims to Expand $80M DeFi Yield Token With Fresh Capital Raise
Stablecoin protocol Level raised a fresh round of venture capital to expand its $80 million yield-paying stablecoin as yield-generating digital asset offerings are increasingly in demand with a cooldown in crypto prices.Peregrine Exploration, the development firm behind Level, received another $2.6 million led by early backer Dragonfly Capital with Polychain also participating, founders David Lee and Kedian Sun told CoinDesk in an interview. New investors include Flowdesk, Echo syndicates Native Crypto and Feisty Collective by Path, and angel investors Sam Kazemian of Frax and Albert Chon of Injective.The latest round followed a $3.4 million raise in August, bringing total venture capital funding to $6 million to date.Level, with its lvlUSD token, is competing in the fast-growing stablecoin asset class, one...
Microsoft Flags Trojan Malware Targeting MetaMask, Phantom and Coinbase Wallets
The information gathering Trojan can continuously monitor clipboard content, searching for cryptocurrency keys and passwords.Source link