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Latest Coinbase news: exchange buys cryptocurrency asset manager

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latest coinbase news

Latest Coinbase news: cryptocurrency exchange bought institutional digital asset manager One River Digital Asset Management (ORDAM). It was announced on the company’s blog.

One River Digital is a subsidiary of One River Asset Management and is registered with the U.S. Securities and Exchange Commission (SEC). The company willbecome the “backbone” of Coinbase’s advisory service for institutional clients, but details and terms of the deal are unknown.

ORDAM’s head and chief investment officer, Eric Peters, will remain in his position after the purchase. ORDAM will continue to operate as an independent organization and will be separate from Coinbase’s trading and exchange business.

News about Coinbase

The deal came as part of Coinbase’s goal to move beyond its core retail business due to falling transaction volume. Managing institutional investments is part of the new strategy, as is moving into the developer sector through a new Tier 2 blockchain base.

ORDAM is a leading digital asset manager with a focus on giving institutional clients access to digital assets through robust investment products. ORDAM uses Coinbase Prime for investment solutions for sophisticated institutions. The companies are partnering to create innovative digital asset management infrastructure, among other things.

The announcement of ORDAM’s purchase came shortly after Coinbase and many other major players in the crypto industry refused to work with prominent industry banking partner Silvergate. The exchange stopped accepting deposits and withdrawals to Silvergate for Prime customers. The crypto platform will now also partner with Signature Bank as an alternative to the troubled bank.

Earlier, we reported that payment services are ready to introduce cryptocurrencies.



Cryptocurrency

Tron (TRX) Realized Profit Tops $1.4B — Who’s Cashing Out?

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Over the past few days, the price of Tron (TRX), the native cryptocurrency of the Tron network, has ranged between $0.32 and $0.33; however, investors have been locking in profits.

The profit-taking spree has led to TRX recording its second-largest single-day profit event this year. An analysis by the market research firm Glassnode has revealed which cohort of investors is responsible for this development.

Who Is Taking Profits?

According to Glassnode, the majority of the profit-taking is coming from wallets that have held TRX for three to five years. This shows that investors who participated in the 2020-2021 bull cycle are exiting into strength. Glassnode said this shift in behavior could influence short-term market dynamics. It remains to be seen whether this shift will be positive or negative.

The three-to-five-year cohort spearheaded the profit-taking on August 5, driving the 24-hour Realized Profit metric to $1.4 billion. This figure comes second to the $2.2 billion recorded on May 30. Even Bitcoin’s  24-hour Realized Profit metric sat below Tron’s, at $665.1 million, while that of Ethereum stepped down further to $337.2 million.

Glassnode says profit-taking for TRX has remained accelerated since Saturday, with roughly $1 billion realized every day. This is the most sustained wave of realized profit the Tron network has seen in months.

On the other hand, the Net Unrealized Profit & Loss indicator is in Optimism/Anxiety territory, and the Spent Output Profit Ratio (SOPR) is greater than one. This confirms that investors are taking profit into strength. Tron’s 24-hour Realized Loss was a mere $31,600.

Tron Sees Increased Activity

The latest development comes as the Tron ecosystem sees an increase in network activity. The blockchain recently beat Ethereum in global Tether USD (USDT) transactions by more than five times. Since the beginning of the year, the USDT supply on Tron has grown by more than $20 billion. As at writing time, the network hosted over $81 billion USDT, per data from analytics platform DeFiLlama.

Tron also handles about 60% of all USDT transfers, serving as the preferred network for institutions and developing countries. Last week, TRX ranked among cryptocurrencies dominating social media discussions, highlighting sustained investor interest in the digital asset.

Meanwhile, the crypto treasury adoption wave did not leave Tron behind. One leisure goods company, named SRM Entertainment, adopted TRX in its treasury strategy and changed its name to Tron Inc.

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Stabull DEX Launches on Base: New Chain, New Token, 7 Stablecoin Pools, and Expanded Liquidity Mining Program

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[PRESS RELEASE – Próspera ZEDE, Honduras, August 6th, 2025]

Stabull Finance, the decentralized exchange optimized for stablecoins and real-world assets, has officially launched on Base, marking its third supported blockchain. This strategic expansion includes the listing of seven new stablecoin pools, as well as the debut of the $STABUL token on Base, and expanded liquidity mining incentives — all designed to accelerate seamless and efficient stablecoin trading on-chain.

Stabull is an AMM optimized for and dedicated to stablecoins and RWAs. It utilizes oracles to align on-chain liquidity with off-chain prices like EUR/USD. This reduces slippage, boosts capital efficiency, and expands DeFi access to global FX and commodity markets.

The newly launched pools on Base are paired with USDC enable efficient, low-slippage swaps utilizing off-chain oracles between a globally diverse set of fiat-backed stablecoins, including those pegged to the US Dollar, Euro, Brazilian Real, Swiss Franc, South African Rand, Mexican Peso, and Turkish Lira. Liquidity providers (LPs) receive 70% of the platform’s swap fee, plus additional $STABUL incentives distributed through a new partnership with Merkl.

The $STABUL governance token is also now live on Base and fully integrated with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enabling secure bridging across Ethereum, Polygon, and Base via app.transporter.io.

“We couldn’t be more excited to bring Stabull to Base,” said Fran Strajnar, Stabull Core Contributor. “Base is not only fast and affordable — it’s rapidly becoming the go-to chain for real-world assets and stablecoin innovation. Their team deeply understands the importance of tokenized finance, and the ecosystem they’re building is exactly what the future of DeFi needs. This is a major milestone for Stabull, and just the beginning of what we plan to do on Base.”

Additional Ecosystem Updates

  • The Ethereum-based $STABUL staking farm, hosted via Magic Square, has over 50% of the circulating supply staked. The farm is live through to the end of 2025.
  • DEX UI and transaction flow have been enhanced for improved gas estimation and smoother user experience.
  • New stablecoin pools featuring Oracle Free Dollar (OFD) and Frankencoin (ZCHF) are now live on Polygon.
  • Yield vaults are available on Ethereum and Polygon for all pools, offering up to 70% of swap fees plus additional $STABUL rewards paid per block — with no lockups.
  • Stabull’s multi-chain DEX now supports a total of 16 stablecoins across 11 national currencies, including Euro (EURC, EURS), Brazilian Real (BRZ), Colombian Peso (COPM), Japanese Yen (GYEN), Mexican Peso (MXNE), New Zealand Dollar (NZDS), Philippine Peso (PHPC), Singapore Dollar (XSGD), South African Rand (ZARP), Swiss Franc (ZCHF), Turkish Lira (TRYB) and US Dollar (USDC, OFD, DAI, USDT).

In parallel, Stabull is expanding into tokenized real-world assets (RWAs), starting with Gold (PAXG) and onboarding new commodity and stablecoin issuers. As the platform’s liquidity and transaction volume grow, Stabull continues its mission to provide 24/7/365 access to stablecoin and RWA liquidity through efficient, decentralized FX markets.

For more information, users can visit stabull.finance, join the community on Discord, or follow @StabullFinance on X, Telegram, YouTube, and LinkedIn.

About Stabull Finance

Stabull Finance is a proactive Automated Market Maker (AMM) on the Ethereum, Polygon and Base blockchains, supporting a growing portfolio of real-world assets (RWAs) and fiat-backed stablecoins. It aims to provide essential infrastructure for the FX and Web3 ecosystem, facilitating the trading of non-USD stablecoins and other RWAs with low execution costs, instant settlement, and capital-efficient liquidity provision.

Media Information

Users can contact the team by email via outreach@stabull.finance and a media kit is available to download at https://drive.google.com/drive/folders/1MO9eqrGaw8MDhpn8Uf_yMZouxJDPMeb4.

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1,000,000,000 DOGE in 24 Hours: What Are Dogecoin Whales Preparing for?

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TL;DR

  • Large investors scooped up more than $200 million worth of DOGE in a single day.
  • While some analysts predict a price pump to $0.50 for the meme coin, others warn of a bearish scenario in the short term.

The Whales Go Wild

After its impressive performance towards the end of July, Dogecoin’s price headed south lately and currently trades at around $0.20 (per CoinGecko’s data). However, the recent actions of the large investors (known as whales) signal that another resurgence could be incoming.

The popular analyst Ali Martinez revealed on X that such market participants have accumulated one billion DOGE in the past 24 hours. The stash equals roughly $200 million, and this cohort of investors now collectively holds 72.64 billion tokens (almost 50% of the meme coin’s circulating supply).

Purchases of that type reduce the amount of coins in the open market and may trigger a price rally (assuming demand doesn’t decline). Additionally, small players might take this as an encouraging sign and follow suit. 

It is a common theory that whales have access to insider information about key events that could influence the market, which may explain their sudden buying or selling efforts. One potential development that might have a positive impact on Dogecoin’s valuation is the approval of the first spot DOGE exchange-traded fund (ETF) in the United States.

Some of the companies willing to introduce such an investment vehicle include Bitwise, 21Shares, and Rex Shares. The odds of a green light before the end of 2025 stood at 56% on August 3, but in the following days they sharply increased to the current 74%. 

DOGE ETF Probability
DOGE ETF Probability, Source: Polymarket

The question now is whether the whales have filled their bags in anticipation of a final “yes” from the US Securities and Exchange Commission (SEC), or if there’s another motive behind their move.

The Next Targets

DOGE remains one of the most talked-about topics in the crypto community, with many envisioning major gains in the near future.

X user Marcus Corvinus described the meme coin as “the real silent killer,” claiming it is “way undervalued” compared to its peak levels from 2024 and its ATH in 2021. The analyst cited Dogecoin’s bullish structure and certain chart patterns to predict a rise to almost $0.50 in the coming months. 

Others made more bearish forecasts. The X user Astekz argued that DOGE’s current condition looks “horrendous.” They assumed that bulls might get lucky with a 20% move to the upside, but after that, the price might plunge substantially.

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