Latest news with #Web3
Globe and Mail
24 minutes ago
- Business
- Globe and Mail
Can COIN's Base App Power Web3 Growth and Revenue Diversification?
Coinbase Global Inc.'s COIN Base App, set to replace the existing Coinbase Wallet, represents a major milestone in the company's broader Web3 strategy. Natively built on Base—Coinbase's Ethereum Layer 2 network—the app provides users with a streamlined, user-friendly interface to access decentralized applications (dApps), conduct crypto transactions and engage in various on-chain activities. By simplifying the user experience and removing complex blockchain barriers, Base App aligns with Coinbase's mission to onboard the next billion users into the Web3 space. Notably, Coinbase becomes the first U.S.-based exchange to roll out a comprehensive super app that brings together key Web3 functionalities — wallet, DeFi, NFTs, and payments — within a single mobile platform. This move expands Coinbase's reach beyond its core trading business, allowing it to engage a wider consumer audience. The Base App serves as a key growth lever, deepening user participation in the on-chain ecosystem while opening up new monetization pathways. Importantly, the app enhances and diversifies Coinbase's revenue streams. As users tap into Web3 services, Coinbase stands to earn from token swaps, staking and other in-app offerings. Its integration with the Base network further allows the company to capture sequencer fees and benefit from rising on-chain activity. This strategic pivot reduces Coinbase's reliance on unpredictable trading volumes and fosters a more resilient, recurring revenue model centered on infrastructure usage and ecosystem expansion. What About COIN's Competitors? Robinhood Wallet drives Robinhood Markets ' HOOD expansion beyond traditional brokerage into self-custodial crypto, offering access to tokens, NFTs and future DeFi tools. By engaging crypto-native users, Robinhood diversifies its revenue streams. This positions Robinhood to capitalize on Web3 growth while reducing dependence on its core trading business. Block Inc.'s XYZ Bitcoin Wallet drives Block's growth by enabling self-custodial crypto access and empowering users with financial control. By simplifying Bitcoin storage and peer-to-peer transfers, it aligns with Block's mission of economic empowerment and reinforces its strategic position within the Bitcoin ecosystem and emerging Web3 landscape. COIN's Price Performance Shares of COIN have gained 69.1% year to date, outperforming the industry. Image Source: Zacks Investment Research COIN's Expensive Valuation COIN trades at a price-to-earnings value ratio of 75.03, above the industry average of 22.44. But it carries a Value Score of F. Estimates for COIN Witness Southward Movement The Zacks Consensus Estimate for COIN's second-quarter and third-quarter 2025 EPS has moved down 2 cents and 1 cent, respectively, over the past seven days. The same for full-year 2025 and 2026 EPS has decreased by 2 cents and 3 cents, respectively. The consensus estimate for COIN's 2025 and 2026 revenues indicates year-over-year increases. While the consensus estimate for COIN's 2025 EPS indicates a decline, the same for 2026 EPS suggests 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. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> 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 Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report Block, Inc. (XYZ): Free Stock Analysis Report
Business Insider
3 hours ago
- Business
- Business Insider
NextGen Digital Announces Treasury Strategy to Incorporate Crypto Assets, Acquires $1.0 Million in Bitcoin
Vancouver, B.C., July 21, 2025 (GLOBE NEWSWIRE) -- NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12 ) (' NextGen ' or the ' Company ') a digital asset and fintech platform focused on bridging traditional capital markets with Web3 infrastructure, is pleased to announce the acquisition of $1.0 million worth of Bitcoin ('BTC') to be held on its balance sheet as part of its corporate treasury strategy that incorporates the acquisition of certain crypto assets — including Bitcoin, Ethereum, and/or Solana (the ' Crypto Assets '). As part of a broader and more diversified approach to managing its corporate reserves, the Company will be allocating a portion of its excess cash into Crypto Assets. These digital assets are being recognized by the Company as potential long-term stores of value and as a hedge against systemic financial risk. In taking this step, the Company joins a growing number of publicly listed companies integrating digital assets into their treasury frameworks alongside traditional holdings such as cash, cash equivalents, and marketable securities. Pursuant to a strategy approved by the Company's board of directors, the Company may allocate up to 80% of its treasury holdings to Crypto Assets. All assets will be custodied through a regulated, institutional-grade custodian, and will be held in compliance with applicable laws and industry best practices related to security, custody, and reporting. The Company believes that this allocation reflects a proactive approach to treasury management, particularly during a period of elevated fiscal instability, inflationary pressure, and increasing institutional demand for decentralized financial alternatives. The Company views this move as a means to enhance the resilience and diversification of its balance sheet while aligning with a broader global shift toward the adoption of digital assets. 'We believe Bitcoin is a unique monetary asset that offers long-term resilience and upside as a treasury reserve. Our decision to allocate capital into Bitcoin reflects our confidence in the long-term value and relevance of decentralized assets in the global economy,' said Matthew Priebe, Chief Executive Officer of NextGen. This strategic initiative is not expected to impact the Company's current development activities or the execution of its business plans. The Company will disclose any material acquisitions of Crypto Assets in future news releases if and as required under applicable laws. About NextGen Digital Platforms Inc. NextGen Digital Platforms Inc. (CSE: NXT) (OTCQB:NXTDF) (FSE:Z12) is a publicly listed fintech and digital asset company that provides investors with exposure to a diversified portfolio of Web3 technologies, blockchain infrastructure, and digital currencies. The Company is committed to developing innovative structures that align with the future of decentralized finance, while providing transparency, regulatory compliance, and value creation for shareholders. It also operates e-commerce platform and a hardware-as-a-service business supporting the artificial intelligence sector, called Cloud AI hosting. For More Information: Matthew Priebe, Chief Executive Officer (416) 300-7398 info@ The Exchange does not accept responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements in this release include, but are not limited to, statements regarding the Company's intention to allocate a portion of its treasury to crypto assets (including Bitcoin, Ethereum, and/or Solana); the Company's belief in the long-term value of crypto assets; the expected benefits of holding crypto assets as part of a diversified treasury strategy; the potential allocation of up to 80% of treasury holdings to crypto assets; the expectation that this initiative will not impact the Company's development activities or business execution; and that all crypto assets will be custodied through a regulated, institutional-grade custodian in compliance with applicable laws and industry best practices. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking statements herein except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements herein.
Mint
4 hours ago
- Business
- Mint
A look at Ethereum, LILPEPE, and a new generation of tokens
Both established cryptocurrencies and newer tokens are garnering interest from investors. Ethereum (ETH) remains a important component of Web3, while Little Pepe (LILPEPE) is gaining attention as a Layer-2 meme-native protocol. Additionally, several other tokens, from DeFi projects to meme-coins with potential real-world uses, show promise. This list of ten projects demonstrates potential for 2025 and beyond, based on their technology, ecosystem development, and market momentum. These options offer a mix of stability, such as Ethereum and newer meme-focused projects like LILPEPE. Ethereum remains a prominent contract platform, supporting a wide range of DeFi, NFTs, DAOs, and Web3 innovation. Ethereum is working on scalability improvements through features like roll-up integration. Its adoption is growing globally, with institutions utilising smart contracts and developers building dApps. ETH is a cryptocurrency that can provide access to Web3's core infrastructure while offering stability and liquidity. Little Pepe (LILPEPE) is developing a Layer-2 blockchain that focuses on memes. It aims to facilitate fast, low-cost transactions and presales that are designed to be difficult for bots to access. In the Stage 4 presale currently underway, it has reportedly raised approximately $2.9 million and sold over 2.6 billion tokens. The platform features a launchpad called "Pump Pad," which aims to prevent sniping, locks liquidity, and promotes fairer token launches. LILPEPE's zero-tax approach means users retain all their profits, differing from some meme tokens that impose fees. Whether its the memes or the Layer 2 aspirations, $LILPEPE offers a combination of culture and technology. It aims to be a meme-token ecosystem by connecting meme culture with infrastructure. Its roadmap includes Layer-2 mainnet, staking, NFTs, governance tools, and potential listings on centralised exchanges. LILPEPE is positioned as a project for investors interested in meme-related assets with potential. Arbitrum (ARB) is recognised as one of Ethereum's Layer 2 scaling solutions. It aims to make transactions more affordable and faster for Ethereum users while maintaining the network's security. With a market value of approximately $1.5 billion and developer support, ARB supports an ecosystem of DeFi protocols, NFT platforms, and dApps. Recent updates, such as Nitro, are designed to improve throughput and gas efficiency. Arbitrum provides practical utility with user-friendly bridges, multi-chain support, and institutional-level uptime. As more transactions and decentralised activity move to Layer-2 chains, ARB holders may see benefits. With potential ETH price increases and the growing need for network scalability, ARB could be considered for Ethereum's future growth. Ethena (ENA) introduces a concept for margin trading and lending across multiple chains. It allows users to open leveraged positions using synthetic assets. ENA addresses demand for decentralised finance by offering leverage, liquidity efficiency, and synthetic protocols. The project's market capitalisation is approximately $1.54 billion, and its stock price is around $0.25. Ethena's utility is distinct due to its focus on capital-intensive use cases. Borrowers, dealers, and liquidity providers interact directly with derivatives governed by the protocol. As both institutional and retail investors seek more ways to engage with DeFi, ENA is one of the notable opportunities in the ecosystem, offering cross-chain margin access and trading flexibility. If interest in leveraged DeFi increases in a future market upturn, ENA may generate returns for early adopters. Jupiter (JUP) functions as Solana's leading DEX aggregator, routing transactions through the efficient pools to aim for optimal pricing and minimal slippage. JUP has a market valuation of about $1.17 billion and a price range of $0.397. It draws liquidity from the Solana ecosystem, encompassing DeFi, NFTs, and token swaps. JUP's user growth is driven by both the number of transactions and the number of people who use SOL. This positions JUP as a key part of Solana traders' infrastructure. Its utility may increase as more apps, wallets, and protocols use Jupiter. JUP is presented as a tool to help users save money, rather than a meme token with high taxes. Jupiter's role could become more significant if Solana continues to expand its transaction volume. For investors interested in protocol level involvement and real-world applications, JUP presents a narrative and the potential for gains. BONK is a meme coin from the Solana ecosystem. It combines meme culture with fast and inexpensive transactions. With a market cap of approximately $1.17 billion and trading in the low microdollar range, BONK has garnered significant attention from the community through targeted airdrops and decentralised distribution. It is designed for ease of use, low fees, and compatibility with Solana wallets and apps. It also benefits fromSolana's higher throughput. Its recent daily increases of 9.8% and considerable volume suggest community support. As meme tokens evolve, Bonk aims to be at the intersection of cultural virality and protocol adoption. For investors seeking lower-priced meme assets, BONK is presented as a choice due to its potential upside and connection to Solana's scaling objectives. Fartcoin (FART), despite its name, is presented as a serious participant, with a market cap of about $1 billion. The coin is designed for cross-platform utility and meme value. It focuses on community involvement and token utility. FART aims to be both an entertainment and a DeFi token. Its price is close to $0.995, with a daily growth of more than 8%. Its appeal is in combining meme-native branding with liquidity pools, user rewards, and potential token utility extensions in a scalable way. FART connects community virality and token value as meme investors look beyond initial approach is distinct and aligns with broader trends in meme utilization and value dissemination. If diverse meme tokens gain popularity, Fartcoin could see increased interest. Pudgy Penguins (PENGU) started as an NFT project, and has evolved into a hybrid of NFTs and tokens. PENGU aims to connect art and utility. It trades for approximately $0.0092 and has a following within the Web3 subculture. Their plans include Web3 products, collectible integrations, staking mechanics, and collaborations with systems like Ledger. The Pudgy ecosystem remains active, despite a reported value decrease since January. Pudgy combines collectibles, utility, and meme currency by compensating community members and utilising IP monetisation. As the NFT ecosystem and token utility expand, Pudgy Penguins may benefit from cultural revaluation and consumer product use. This positions it as a notable project in the meme space. Floki Inu (FLOKI) began as a tribute to Elon Musk's dog and has expanded to include Floki University (for cryptocurrency education), metaverse collaborations, staking programs, and burn mechanisms to reduce supply. FLOKI blends meme culture with utility. It has a market valuation of about $669 million and a price of about $0.00007. Its multi-pronged approach—education, global marketing, and tokenomics—aims to bridge virality to value. Despite the volatility often associated with meme tokens, FLOKI's community-funded environment is intended to support its longevity. FLOKI offers a mix of spectacle and substance for meme-coin investors. It seeks to combine entertainment and functionality. Dogwifhat (WIF) is a creative and popular meme coin on Solana. WIF is gaining attention for its marketing, social media presence, and increasing adoption within the Solana ecosystem. It's trading at about $0.75 with a market cap of $757 million. Its daily price increases of over 5% suggest investor interest. Beyond being a meme the token also indicates future integrations, DApp utility, and staking options. As Solana attracts more memecoin activity, Dogecoin aims to be central to meme culture and decentralised application use. WIF combines community strength with targeted growth within the competitive meme sector. Future crypto market upturns may favor projects that combine solid fundamentals with broad appeal. Ethereum continues to be a foundational element of Web3, while Little Pepe (LILPEPE) could be a notable project in 2025, offering speed, scalability, and cultural relevance. . With Ethereum providing infrastructure and LILPEPE offering market momentum, investors might consider a balanced approach. Other projects on the list, such as Arbitrum, Bonk, and Floki, demonstrate the growing diversity of this market. For those interested in this space, consider the LILPEPE presale. Let your portfolio ride both the waves and the memes. For more information about Little Pepe (LILPEPE) visit the links below: Note to the Reader: Readers are advised that Crypto products and NFTs are unregulated and involve significant risks. There may be no regulatory recourse for losses arising from such transactions. Mint/HTDS shall not, in any manner, be responsible or liable for the content of the article, advertisement, including the views, opinions, announcements, declarations, or affirmations expressed therein and is absolved from any legal action or enforceable claims. This content is for informational and awareness purposes only and does not constitute financial advice.
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Business Standard
4 hours ago
- Business
- Business Standard
CoinDCX offers up to 25% recovery bounty after $44.2 mn crypto theft
CoinDCX offers up to 25% bounty after $44.2 mn theft. Firm seeks white-hat help in crypto recovery, amid rising cyberattacks on Indian exchanges New Delhi Cryptocurrency exchange platform CoinDCX has unveiled a recovery bounty initiative after a security breach that led to the theft of $44.2 million (around ₹378 crore) from its treasury. The platform will offer up to 25 per cent of recovered funds as a reward to those who assist in retrieving the stolen assets and identifying the culprits. The CoinDCX Recovery Bounty Programme, announced on Monday, invites ethical hackers, white-hat researchers, and ecosystem partners to collaborate in the investigation. The company said the aim is not only to recover funds but also to 'rally the Web3 community in the fight against cybercrime'. According to the statement, the potential bounty pool could amount to as much as $11 million, provided full recovery is achieved. Internal account breach, not customer wallets The breach, which was announced on Saturday (July 19), involved unauthorised access to one of CoinDCX's operational accounts used for liquidity provisioning on a partner exchange. Co-founder and CEO Sumit Gupta clarified that the compromised account was isolated and that customer funds were never at risk. 'The affected operational account is segregated from customer wallets. The entire loss will be absorbed by us using our treasury reserves,' said Gupta in a post on X. Announcing the @CoinDCX Recovery Bounty Program: Up to 25% of any recovered funds will be awarded to individuals or teams who can help trace and retrieve the stolen crypto. Just to give more context: -> We want to be upfront. The exposure was from our own reserves, and we have… — Sumit Gupta (CoinDCX) (@smtgpt) July 21, 2025 Co-founder Neeraj Khandelwal echoed the reassurance, saying, 'Our first and foremost objective throughout the day has been to secure assets. Coindcx Treasury will be bearing these losses.' Funds routed via Solana and Ethereum Preliminary investigations revealed that the stolen assets were moved through Solana-Ethereum bridges and later consolidated into 4,443 ETH (roughly $15.7 million) and 155,830 SOL (valued at $27.6 million). These funds are currently dormant, and CoinDCX is working with partners to freeze and recover them. As part of its response, the firm is collaborating with global cybersecurity experts, CERT-In (India's Computer Emergency Response Team), and partner exchanges. A detailed forensic report will be made public upon completion of the investigation. Following the attack, users reported issues accessing their portfolios, which CoinDCX attributed to server load caused by increased traffic. The firm has since scaled its server capacity, and access has been restored. 'We have significantly enhanced server capacity to serve users better,' Khandelwal said in a follow-up post. Part of a larger pattern? The CoinDCX incident follows a similar attack on WazirX, another Indian exchange, which suffered a $230–235 million breach in July 2024. In that case, WazirX proposed a socialised loss solution that returned only partial funds to users, drawing criticism from the crypto community. Founded in 2018, CoinDCX claims to have over 16 million users and recorded $492 million in spot trading volume in May 2025, with Bitcoin and Ethereum leading trades. CoinDCX has said that the breach is a moment of reckoning, not retreat. 'Every security incident is a learning experience. We will come out stronger and work with the community to secure the industry,' said Gupta.
Time of India
5 hours ago
- Business
- Time of India
What is CoinDCX recovery bounty programme, how to apply & more
CoinDCX , one of India's biggest crypto exchanges, has launched the country's largest recovery bounty in the crypto world. The exchange is offering up to 25% of recovered funds as a reward to anyone who helps bring back assets stolen in a recent hack. Why has CoinDCX launched this programme? The move comes after CoinDCX suffered a major security breach where around $44.2 million (Rs 368 crore) was stolen from one of its internal accounts. To recover these funds, the exchange is now inviting help from ethical hackers , white-hat security experts, and others from the crypto community. Explore courses from Top Institutes in Select a Course Category others Artificial Intelligence Technology Public Policy MCA Operations Management Cybersecurity Finance Data Science Others Healthcare CXO Management Project Management Product Management PGDM Degree Data Science Design Thinking healthcare MBA Data Analytics Digital Marketing Leadership Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details If all stolen funds are recovered, the reward could go up to $11 million. Apart from tracking the assets, CoinDCX will also reward those who help catch the people behind the hack. 'This is about standing up for what's right and protecting the future of the Web3 space,' said CoinDCX in a statement. Where are the stolen funds? CoinDCX has traced most of the stolen crypto to two wallets: Live Events A Solana wallet with around 155,830 SOL (worth nearly $27.6 million) An Ethereum wallet with about 4,443 ETH (worth nearly $15.7 million) The company is working with top cybersecurity firms like Sygnia, zeroShadow, and Seal911. Support has also come in from the Solana Foundation , Superteam, and bridge platforms like Wormhole and deBridge. Is customer money safe? Yes, CoinDCX has confirmed that this breach affected only an internal account. Customer funds were not touched and remain completely safe. 'Cybercrime is an attack on trust. But we'll come out of this stronger,' said Sumit Gupta, co-founder of CoinDCX. How to apply for the CoinDCX Recovery Bounty Anyone with genuine information that could help recover the stolen assets can take part in the programme. This includes ethical hackers, blockchain researchers, and even crypto companies. To apply, send an email to: bountyprogram@ CoinDCX said all valid contributions will be checked and rewarded fairly.
