Latest news with #EthereumLayer-2
Yahoo
30-07-2025
- Business
- Yahoo
Shiba Inu Burns 600 Million SHIB In Single Day: What Is Going On?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Shiba Inu (CRYPTO: SHIB) is seeing a new spike in its burn rate after its expansion to the Base blockchain, renewing hopes for a fresh Ticker Price Market Cap 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001353 $7.97 billion -13.1% Dogecoin (CRYPTO: DOGE) $0.2308 $34.7 billion -17.7% Pepe (CRYPTO: PEPE) $0.00001218 $5.1 billion -12.7% Trader Notes: According to TradingView's July 26 analysis, SHIB was consolidating just below key resistance at $0.00001402 on the 2-hour chart. The setup suggests a bearish scenario may play out, with a minor bounce followed by a drop toward the $0.00001299 support zone. Resistance levels to watch: $0.00001405 $0.00001432 Don't Miss: Be part of the breakthrough that could replace plastic as we know it—invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 Statistics: Shibburn data shows the burn rate spiking 374,629.7%, as a single transaction involved the burn of 600.7 million SHIB, worth $8,300. IntoTheBlock data shows Shiba Inu large transaction volume dropping by 71.2%, while daily active addresses grew by 12.9% in a single day. Community News: In a major update, Shiba Inu announced that SHIB is now live on the Base blockchain, Coinbase's Ethereum Layer-2 network. The move is aimed at strengthening its burn mechanics and building new DeFi utility. The team called it the 'burn engine fuelling the whole ecosystem,' with Creator Coin activity on Zora contributing to over 600 million SHIB burned. "The more it grows on Base, the bigger the blaze," the team stated, emphasizing scarcity-driven value appreciation. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Shiba Inu Burns 600 Million SHIB In Single Day: What Is Going On? originally appeared on
Yahoo
30-07-2025
- Business
- Yahoo
Shiba Inu Burns 600 Million SHIB In Single Day: What Is Going On?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Shiba Inu (CRYPTO: SHIB) is seeing a new spike in its burn rate after its expansion to the Base blockchain, renewing hopes for a fresh Ticker Price Market Cap 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001353 $7.97 billion -13.1% Dogecoin (CRYPTO: DOGE) $0.2308 $34.7 billion -17.7% Pepe (CRYPTO: PEPE) $0.00001218 $5.1 billion -12.7% Trader Notes: According to TradingView's July 26 analysis, SHIB was consolidating just below key resistance at $0.00001402 on the 2-hour chart. The setup suggests a bearish scenario may play out, with a minor bounce followed by a drop toward the $0.00001299 support zone. Resistance levels to watch: $0.00001405 $0.00001432 Don't Miss: Be part of the breakthrough that could replace plastic as we know it—invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 Statistics: Shibburn data shows the burn rate spiking 374,629.7%, as a single transaction involved the burn of 600.7 million SHIB, worth $8,300. IntoTheBlock data shows Shiba Inu large transaction volume dropping by 71.2%, while daily active addresses grew by 12.9% in a single day. Community News: In a major update, Shiba Inu announced that SHIB is now live on the Base blockchain, Coinbase's Ethereum Layer-2 network. The move is aimed at strengthening its burn mechanics and building new DeFi utility. The team called it the 'burn engine fuelling the whole ecosystem,' with Creator Coin activity on Zora contributing to over 600 million SHIB burned. "The more it grows on Base, the bigger the blaze," the team stated, emphasizing scarcity-driven value appreciation. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Shiba Inu Burns 600 Million SHIB In Single Day: What Is Going On? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Coinbase Bets on Tech to Drive Growth and Stay Ahead of Trends
Technology and development spending is an important part of Coinbase Global's COIN long-term growth strategy, reflecting its focus on innovation, platform scalability, and gaining a competitive edge. In the dynamic digital asset space, ongoing investments in technology and development enable Coinbase to develop secure, efficient, and user-centric infrastructure that serves both retail and institutional clients. Such expenditures support upgrades to core systems like the trading engine, wallet solutions, blockchain integrations, and overall platform resilience, key to retaining existing users and attracting new ones. Technology and development expenses were 17% of total revenues in the first quarter of emphasis on technology and development ensures that it remains aligned with fast-changing industry trends, including decentralized finance (DeFi), staking, derivatives, and NFTs. These initiatives help broaden revenue sources beyond transaction fees and position the crypto leader to meet evolving user demands. Tools such as Coinbase Cloud and Base, its Ethereum Layer-2 network, reflect this innovation, targeting advanced users and and development spending enhance Coinbase's responsiveness to regulatory, security, and technological shifts. As the digital asset sector faces heightened global scrutiny and cybersecurity risks, Coinbase's proactive efforts in compliance automation and infrastructure development reinforce trust among users and regulators. In the long run, such spending concretizes Coinbase's position in the maturing digital asset ecosystem. Technology and development expenses are essential to Robinhood Markets' HOOD long-term growth, supporting platform stability, expanding product offerings, and enhancing user experience. Continued innovation investment enhances scalability, strengthens security, and helps the company maintain a competitive edge in the fast-changing fintech and digital asset Brokers Group, Inc. IBKR, long-term growth relies heavily on technology and development expenses, which help maintain a high-speed, low-cost trading platform for active and institutional investors. Continued investment in innovation strengthens platform stability, supports global expansion, and enables the introduction of sophisticated tools and automation across multiple asset classes. Shares of COIN have gained 42.3% year to date, outperforming the industry. Image Source: Zacks Investment Research COIN trades at a price-to-earnings value ratio of 57.1, above the industry average of 15.8. But it carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for COIN's second-quarter and third-quarter 2025 EPS has moved up 10.3% and 7.1%, respectively, over the past 30 days. The same for full-year 2025 and 2026 has increased 22.8% and 2.7%, respectively. Image Source: Zacks Investment Research The consensus estimate for COIN's 2025 and 2026 revenues indicates a year-over-year increase. While the consensus estimate for COIN's 2025 EPS indicates a decline, the same for 2026 EPS reflects an increase. COIN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Forbes
01-05-2025
- Business
- Forbes
The IPO Is Dying. Tokenized Equity May Replace It
Traders work the floor as they wait for the first shares of VISA stock sold after the opening bell ... More on the floor of the New York Stock Exchange, March 19, 2008 as VISA celebrates the largest IPO in US history at the NYSE. Visa Inc. sold 406,000,000 shares priced at 44 dollars each, raising nearly 17.9 billion dollars before it begins trading on the New York Stock Exchange on Wednesday under the ticker symbol "V," the San Francisco-based company said. AFP PHOTO/TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP via Getty Images) IPOs are no longer the endgame. With over $5.3 trillion in private capital sitting on the sidelines and artificial intelligence redrawing market fundamentals at unprecedented speed, many companies are opting to stay private. Public markets have become slower, more rigid, and increasingly misaligned with how modern businesses operate. Since its 2021 peak, IPO activity has dropped more than 80%, suggesting that founders and investors alike are looking elsewhere for liquidity and legitimacy. Since 2015, private markets have grown by 162%, while the number of U.S. public companies has declined by nearly half from its peak in 1996. The message is clear: companies are staying private longer, raising capital on their own terms, and avoiding the quarterly pressures of Wall Street. But the next evolution may go even further; bypassing traditional equity structures entirely and moving toward something programmable, flexible, and continuous. Early signals of this shift are already appearing. Coinbase, for example, has explored tokenizing shares of its COIN stock on Base, its Ethereum Layer-2 network. While still in the concept stage, the move points to a new kind of financial infrastructure. In a tokenized equity model, shareholders could gain access to liquidity 24/7, borrow against their holdings, and interact with their equity in ways previously reserved for institutional investors. This isn't just a change in format. It's a change in function. One that reimagines ownership itself. Major financial players are moving in the same direction. BlackRock recently filed to offer a $150 billion Treasury Trust fund as a tokenized product. Franklin Templeton launched the first U.S.-registered mutual fund to record shares on a public blockchain. Platforms like Securitize, INX, and Republic are building the rails for tokenized equity that can be issued, transferred, and traded globally, without needing an exchange listing. These aren't isolated experiments. They are early infrastructure for a parallel financial system. For retail investors, the implications could be transformative. Access to high-growth startups has historically been limited to elite capital such as venture firms, family offices, and hedge funds. By the time companies reached public markets, most of the upside was already gone. But with tokenized equity, ownership can be distributed much earlier. Platforms like Republic and CartaX are already testing models that allow broader participation in equity fundraising. In this future, wallets may replace brokerage accounts as the primary gateway to wealth creation. For younger generations, this shift could be even more significant. Millennials and Gen Z missed out on early access to many of the tech giants that defined the past two decades. Most didn't have the capital or access to participate in early venture rounds or IPO allocations. Tokenized equity presents an opportunity to change that. By making ownership programmable and open, it gives the next generation a chance to participate in value creation earlier and without needing a seat at a VC fund or a private placement deal. At the same time, AI is accelerating the need for more adaptable markets. The pace of disruption today makes quarterly reporting feel outdated. Business models are shifting in real time, and valuations are increasingly volatile. Even central banks are concerned. The Bank of England recently warned that widespread use of similar AI models by institutional traders could amplify systemic risks. In this climate, tokenized assets, which offer programmable logic and constant market access, may be better suited for the volatility ahead. Of course, the road won't be smooth. Regulatory clarity remains a major hurdle. The SEC has issued limited guidance, suggesting that tokenized shares may fall under existing securities laws, but many questions remain unanswered. How will custody work? Who provides investor protections? Can tokenized equity comply with disclosure requirements in real time? These issues are still being worked out. Yet as jurisdictions like Singapore and the UAE roll out frameworks for tokenized capital markets, global leadership is already shifting. The IPO isn't dying. It's being redefined by tokenized equity. What's emerging in its place is a model that favors flexibility, global access, and direct ownership. The most valuable companies of tomorrow may never ring the opening bell. They may mint tokens instead. The revolution isn't coming. It's already here.
