TL;DR

• The inclusion of new digital assets on Coinbase’s roadmap resulted in a significant price surge for the affected tokens.
• Numerous other cryptocurrencies have benefited from the exchange’s support over the past several months, while some have been negatively impacted due to delisting efforts.

The Coinbase Effect

The US-based cryptocurrency exchange added BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX) to its roadmap on July 22. The section comprises digital assets that may be officially listed on the platform if they meet certain criteria. 

“The launch of trading for these assets is contingent on market-making support and sufficient technical infrastructure. We will announce the launch of trading separately once these conditions have been met,” the company clarified.

Backing from one of the biggest crypto exchanges typically has a positive effect on the prices of the involved tokens due to increased liquidity, better accessibility, and a boosted reputation.

BNKR and MPLX were no exceptions, with their valuations rising by 27% and 18%, respectively. JITO initially pumped but later erased the gains and is currently in the red zone on a daily scale. 

An even more impressive price jump was observed last week when Coinbase added Caldera (ERA) to its iOS and Android applications with the “Experimental” label. The move enabled users of the exchange to buy, sell, convert, send, or receive the asset. 

ERA’s valuation skyrocketed by 75% to surpass $1.80. In the following days, however, the bears stepped in, and as of this writing, the token trades at roughly $1.26. 

Other Examples

More than a month ago, Coinbase officially embraced Fartcoin (FARTCOIN), PancakeSwap (CAKE), and Subsquid (SQD). All of the involved cryptocurrencies experienced a price uptick.

In January, the popular meme coin Peanut the Squirrel (PNUT) headed north after the exchange enabled trading services with it, whereas Toshi (TOSHI) experienced a triple-digit surge after the company added it to its roadmap.

It’s a different story when Coinbase delists cryptocurrencies. In May, Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN) witnessed significant crashes after the platform announced it would no longer provide trading services with them.

The battle for stablecoin dominance has intensified amidst the broader market rally.

New data suggests that the distribution of Tether (USDT) supply between Tron and Ethereum networks appears to alongside Bitcoin’s price cycles.

USDT Rivalry

In its latest post, CryptoQuant revealed that Tron’s USDT supply was just a fraction of Ethereum’s, with a ratio of 0.3 in 2019. However, by 2022-2023, the ratio climbed above 1.0, as a result of Tron’s rise due to lower transaction fees. Interestingly, Tron first surpassed Ethereum’s USDT supply in 2021, which coincided with Bitcoin’s $64,000 peak.

In the current cycle, the ratio has declined as Bitcoin crossed $100,000. CryptoQuant explained that this indicates investors lean towards Ethereum for its security during bull markets despite higher fees.

Data also shows that while Ethereum initially led USDT supply growth, Tron’s supply surged to $60 billion and exceeded $80 billion in 2025, demonstrating massive adoption. These supply peaks align with Bitcoin highs, which means that USDT expansion often mirrors broader market optimism.

Ethereum remains a stable anchor during periods of volatility and benefits from its established DeFi infrastructure. The USDT supply delta further revealed a notable change. Until 2021, the delta was negative and favored Ethereum.

However, it flipped positive in 2022-2023, signaling Tron’s leadership with an edge of $3-8 billion. In 2025, the delta briefly turned negative, indicating Ethereum’s resurgence, but has since swung back, with Tron now holding $3.9 billion more USDT than Ethereum.

USDT Transfers

Tron’s growing dominance extends to USDT transactions as well. On June 29, the network handled $6.94 million in USDT transfers, which is more than five times Ethereum’s $1.31 million on the same day. This surge was indicative of its appeal in emerging markets facing hyperinflation and currency instability, where TRC-20 USDT functions as a practical alternative banking system accessible via mobile devices in countries like Venezuela, Turkey, Nigeria, and Argentina.

In addition, major crypto exchanges now default to TRC-20 for USDT deposits and withdrawals.

Beyond transactional dominance, Tron is reportedly exploring a public listing through a reverse merger with SRM Entertainment, although rumors of Eric Trump’s involvement have been denied. Tron’s momentum in handling daily USDT flows underscores its expanding role in the stablecoin ecosystem, reflecting practical utility in global transactions as stablecoins continue to mirror broader crypto market cycles.

TL;DR

• Ripple’s CEO joined the official X channel of the company to warn its community about a growing number of scammers impersonating the team with offers that are too good to be true.
• XRP’s price has been booming lately, which could be the reason behind the surging number of frauds.

Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community — PLEASE BEWARE of the latest scam targeting the XRP family on @YouTube and impersonating @Ripple’s official account! We will keep reporting these – please do the same.

As… https://t.co/WodO4ZUyW9

— Brad Garlinghouse (@bgarlinghouse) July 23, 2025

The warnings are primarily focused on YouTube, as new channels emerge daily that impersonate the Ripple team and its executives to make lucrative offers.

History has shown that the most typical such scams involve the fraudsters promising to double all funds sent to a particular address, hoping that the victim will fall for a proper impersonation. Needless to say, no one has ever received their funds back, let alone any profits.

The fast development of AI has allowed these bad actors to create even more realistic versions of real people (known as deepfakes). As such, the community needs to be extremely vigilant when seeing such offers. Or, as Garlinghouse put it:

“As always, if it sounds too good to be true, it probably is.”

This warning comes in a time when the entire cryptocurrency market has gone through the roof, with multiple assets charting new all-time highs. Ripple’s cross-border token is no exception, as it broke its January 2018 peak of $3.4 and set a new record last week at over $3.6.

Despite retracing slightly since then, it’s still one of the most popular crypto assets, being third in terms of market cap as its own is well beyond $200 billion.

If you want to check how high XRP can go during this cycle, at least according to ChatGPT, Grok, and Gemini, you can read this article.