DEX or Decentralized exchanges are essentially blockchain-based peer-to-peer marketplaces that allow users to conduct transactions
Robinhood’s acquisition of WonderFi for $178.9 million marks a strategic enhancement of its crypto services, enabling entry into Canada’s fintech market. This move positions Robinhood to tap into WonderFi’s significant
Thailand’s Ministry of Finance reportedly plans to issue $150 million worth of digital investment tokens, allowing retail investors to buy government bonds. The Bangkok Post reported on May 13 that Finance Minister Pichai Chunhavajira announced the initiative at a briefing after the cabinet endorsed the plan. He added that the tokens will be launched within the next two months. The so-called “G-tokens” will be used to raise funds from the public under the current budget borrowing plan, said Patchara Anuntasilpa, director-general of the Public Debt Management Office. He added that these were not debt instruments. “One big selling point of the token is that it allows more retail investors to become part of the digital economy,” he said, adding that for as little as $3, “they can invest in government bonds.” Until recently, retail investors have been limited or excluded from large investment product offerings in Thailand, which are predominantly aimed at institutional and wealthy investors. Finance Minister Pichai said the initial token mint is designed to “test the market” and investors will earn higher returns than bank deposits, but did not specify yields. Commercial banks in Thailand offer very low interest rates to savers, currently just 1.25% for a 12-month fixed deposit, which is much lower than rates set by its central bank, which has kept rates elevated until recently despite increasing economic woes. Related: Tether Gold enters Thailand with listing on Maxbit exchange The report noted that the asset was not a cryptocurrency. It would be tradable on licensed digital asset exchanges, which are not accessible to non-Thai citizens residing in the country. Government bonds are debt securities issued by the state to fund public spending. When investors buy them, they are essentially lending money to the government for a specified period in exchange for regular interest payments and the return of their principal at maturity. In February, Thailand’s securities regulator revealed plans to launch a tokenized securities trading system for institutional investors. Global bond value onchain doubles in 2025 The value of tokenized bonds globally has surged recently and is currently $225 million, according to real-world asset tokenization analytics platform RWA.xyz. Global bond value onchain. Source: RWA.xyz The onchain value has doubled since the beginning of this year, and could be much higher since the platform only tracks a limited number of issuers, primarily in Europe. However, the value of tokenized US treasures has grown to $6.9 billion, up 73% this year, according to the analytics platform. Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets
Big news is brewing in the crypto world, specifically from one of its major players. Coinbase recently dropped an announcement on X (formerly Twitter) that has caught the attention of many traders and investors. The platform is preparing to launch new assets bearing the ‘cb’ prefix: cbADA, cbDOGE, cbLTC, and cbXRP. While not yet live, this move signals an interesting strategic direction for the exchange giant and its growing ecosystem. What Exactly Are These Wrapped Tokens on Coinbase? The announcement specifically mentions ‘cbADA’, ‘cbDOGE’, ‘cbLTC’, and ‘cbXRP’. The ‘cb’ prefix strongly suggests these will be wrapped tokens native to Coinbase’s own Layer 2 network, Coinbase Base . Think of a wrapped token as a representation of another cryptocurrency on a different blockchain. It’s like taking a Bitcoin and wrapping it in a standard ERC-20 token on Ethereum (creating wBTC) so it can be used in Ethereum’s DeFi ecosystem. In this case, Coinbase appears to be creating wrapped versions of Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) that can live and operate on the Base network. Why do this? Native ADA lives on the Cardano blockchain, DOGE on its own chain, LTC on Litecoin’s chain, and XRP on the XRP Ledger. These blockchains don’t inherently talk to each other directly, especially not with the speed and low cost often desired for activities within a specific ecosystem like a Layer 2 network focused on dApps and DeFi. By creating wrapped versions on Base, Coinbase can potentially: Make these crypto assets easily usable within the Base ecosystem. Enable new trading pairs directly on Base or potentially within Coinbase’s own exchange interface leveraging Base. Allow users to potentially interact with DeFi protocols on Base using these popular assets. It’s important to reiterate that these assets are not yet live . Coinbase’s announcement clearly states that the official launch date will be revealed later. This gives the community time to understand what’s coming and prepare. Why is Coinbase Introducing Wrapped Versions of ADA, DOGE, LTC, and XRP? Coinbase’s strategy with Base is to build a robust, developer-friendly, and user-centric Layer 2 ecosystem. Bringing popular crypto assets like ADA, DOGE, LTC, and XRP onto Base through wrapping aligns perfectly with this goal. Here are some key reasons behind this move: Expanding Base’s Asset Portfolio: To attract users and developers, Base needs a diverse range of assets beyond just ETH and tokens native to Base. Including widely held assets like ADA, DOGE, LTC, and XRP instantly broadens Base’s appeal. Enhancing Utility: By wrapping these tokens, Coinbase potentially unlocks new utility for them within the Base ecosystem. Imagine using cbADA as collateral in a lending protocol on Base, or providing liquidity for a cbDOGE/cbETH pair on a Base-based decentralized exchange (DEX). Deepening Integration: This move further integrates these specific assets into the broader Coinbase product suite, potentially offering seamless transfers between the main exchange and Base, or even enabling specific features tied to the wrapped versions. Responding to Demand: ADA, DOGE, LTC, and XRP have large, active communities. Making it easier for holders of these assets to participate in the growing Base ecosystem could drive significant activity. Competing in the Wrapped Asset Space: Wrapped versions of major cryptocurrencies (like wBTC) are common on other chains. Coinbase creating its own standard for wrapping popular assets positions Base competitively. This isn’t just about listing new tokens; it’s about building bridges between established crypto assets and the emerging opportunities on a Layer 2 network designed for scale and lower costs. What Are the Potential Benefits for Users and Holders? For users of Coinbase and holders of ADA DOGE LTC XRP , the introduction of their wrapped counterparts on Base could offer several advantages: Access to Base Ecosystem: Users can potentially interact with decentralized applications (dApps) and DeFi protocols on Base using their existing holdings of these popular assets, without needing to bridge or swap for ETH or other Base-native tokens first. Lower Transaction Costs: Transactions on Layer 2 networks like Base are typically significantly cheaper and faster than transactions on the native chains of ADA, DOGE, LTC, or XRP, or even Ethereum Layer 1. Potential for New Yield Opportunities: Wrapped assets can often be used in DeFi protocols for lending, borrowing, staking (if supported), or providing liquidity to earn yield. The Base ecosystem is growing, and these wrapped assets could open up new avenues for passive income. Seamless Coinbase Integration: Given that these are ‘cb’ tokens from Coinbase, it’s likely that moving assets between the main Coinbase exchange/wallet and the Base network will be streamlined and user-friendly. Increased Liquidity (Potentially): As these wrapped assets become available and usable on Base, it could lead to increased trading volume and liquidity for these specific wrapped versions within the Base ecosystem. These potential benefits highlight how wrapping assets can unlock new functionalities and efficiencies for users within a specific network environment. Are There Any Challenges or Risks to Consider? While the potential benefits are exciting, it’s crucial to approach the launch of cbADA, cbDOGE, cbLTC, and cbXRP with a clear understanding of the associated risks. As with any wrapped tokens , certain considerations apply: Smart Contract Risk: The process of wrapping and unwrapping relies on smart contracts. If there is a vulnerability or bug in these contracts, it could potentially put the underlying native assets at risk. Counterparty Risk: Wrapped tokens work because a custodian (in this case, presumably Coinbase) holds the native assets in reserve, ideally in a 1:1 ratio with the wrapped tokens issued. Users are trusting Coinbase to securely hold the underlying ADA, DOGE, LTC, and XRP and to facilitate unwrapping when requested. Liquidity Risk: Initially, the liquidity for these wrapped tokens on Base might be low, making large swaps or transactions difficult or subject to significant price slippage. Distinguishing Native vs. Wrapped: Users must be careful to understand the difference between the native ADA, DOGE, LTC, or XRP and their wrapped ‘cb’ versions on Base. Sending a ‘cbDOGE’ token to a native Dogecoin address, for example, would likely result in a loss of funds. Regulatory Uncertainty (Especially XRP): While the wrapped tokens exist on Base, the underlying asset (XRP) has faced significant regulatory scrutiny in the US. How this might impact the wrapped version’s utility or availability on a US-centric platform like Coinbase remains a potential, albeit perhaps low, risk factor depending on evolving regulations. Dependency on Base Network: The utility of these wrapped tokens is tied directly to the health, performance, and adoption of the Coinbase Base network. Users should always perform their own due diligence and understand the specific mechanisms and risks involved before using any wrapped asset. Native vs. Wrapped: Understanding the Key Differences It’s vital not to confuse the original assets with their wrapped versions. Here’s a simple comparison: Feature Native ADA, DOGE, LTC, XRP cbADA, cbDOGE, cbLTC, cbXRP (Wrapped) Blockchain Cardano, Dogecoin, Litecoin, XRP Ledger (respectively) Coinbase Base (Layer 2) Primary Use Case Transactions on their native chains, network consensus, specific chain dApps Transactions on Base, participation in Base dApps/DeFi, potential Coinbase ecosystem integration Transaction Costs Vary depending on the native chain’s network activity Typically lower than native chain transactions due to Base’s Layer 2 nature Compatibility Only compatible with their respective native wallets and networks Compatible with wallets and protocols supporting tokens on the Base network Underlying Asset The original asset itself A token representing the original asset, held in reserve by a custodian (presumably Coinbase) This table highlights that while the value is intended to remain pegged 1:1 (minus minor market fluctuations or fees), the functional layer and associated risks are different. Actionable Insights: What Should You Do Next? Given that these assets are not yet live, now is the time to get informed. Here are some actionable steps: Stay Updated: Keep an eye on official announcements from Coinbase regarding the specific launch date and details for cbADA, cbDOGE, cbLTC, and cbXRP. Learn About Base: If you’re not familiar with the Coinbase Base network, take some time to understand how it works, its benefits, and how to use it. Understand Wrapped Tokens: Educate yourself thoroughly on the concept of wrapped tokens , the wrapping/unwrapping process, and the associated risks (smart contract, counterparty). Evaluate Potential Use Cases: Consider how you might use these wrapped assets once launched. Are you interested in exploring DeFi on Base? Do you want to trade these specific pairs with potentially lower fees? Assess Your Holdings: If you hold native ADA DOGE LTC XRP , think about whether you would want to wrap them to use on Base, or if you prefer to keep them on their native chains or on the main Coinbase exchange. Prioritize Security: When the assets launch, be extremely careful to use the correct network (Base) and understand which version of the token you are handling. Double-check addresses and network selections for all transactions. Being prepared is key to navigating new developments in the fast-paced crypto space. Conclusion: A Strategic Expansion for Coinbase and Base Coinbase’s plan to launch cbADA, cbDOGE, cbLTC, and cbXRP is a significant step in expanding the utility and reach of its Base Layer 2 network. By bringing these widely recognized crypto assets into the Base ecosystem as wrapped tokens , Coinbase is creating new possibilities for users, developers, and the assets themselves. While the potential benefits like lower fees, increased utility, and access to Base’s growing dApp landscape are compelling, users must also be aware of the inherent risks associated with wrapped assets, such as smart contract and counterparty risk. As the official launch date approaches, staying informed and understanding the nuances of these new tokens will be crucial for anyone looking to engage with them on the Coinbase Base platform. This move underscores Coinbase’s commitment to building out its own ecosystem and providing users with more ways to interact with their favorite ADA DOGE LTC XRP and other digital assets. To learn more about the latest altcoin trends and developments on platforms like Coinbase , explore our articles on key developments shaping the cryptocurrency market .
Crypto and stock trading platform eToro priced its upsized US initial public offering at $52 per share, seeking to raise nearly $620m after boosting its offer above the marketed range of $46 to $50. It plans to list on the Nasdaq Global Select Market under the ticker ETOR on May 14. Founded in 2007 as a social stock-trading network, eToro added crypto trading in 2018 and has since grown into one of the largest retail crypto brokers. In September, it agreed to limit its US crypto offerings to Bitcoin, Bitcoin Cash and Ether to settle SEC charges that it operated as an unregistered broker and clearing agency. eToro $ETOR looks like a strong IPO upcoming… pic.twitter.com/WvBzD7zPYo — Mike Zaccardi, CFA, CMT (@MikeZaccardi) May 13, 2025 BlackRock Eyes $100M Stake at IPO Price Regulatory filings show eToro seeks to sell 11.92m shares in the upsized deal. BlackRock signaled interest in purchasing up to $100m of shares at the IPO price. Goldman Sachs, Jefferies UBS and Citigroup served as lead underwriters. The Israel-based trading platform had earlier targeted a valuation of up to $4b in the offering. However, the upsized pricing now gives eToro a market cap of about $4.3b based on outstanding shares. Additionally, its fully diluted value approaches $5b once employee options are included. This marks a rebound from a failed 2022 SPAC merger that would have valued the company at more than $10b. At the time, wider market turmoil prompted eToro to pause its public listing plans. Crypto Firms Target US Listings in 2025 The renewed push comes as US IPO activity picks up under the current administration’s more permissive stance on markets and technology companies. Several other crypto firms are eying US IPOs in 2025 amid recovering markets and looser regulations. USDC issuer Circle, Kraken, Ripple, Gemini and Peter Thiel-backed exchange Bullish have all been linked to potential offerings. Going public would grant them fresh capital, boost transparency and credibility and draw investors who might otherwise avoid holding digital assets directly. The post EToro Seeks to Pull In Almost $620M In US IPO Priced Above Projections appeared first on Cryptonews .
Dogecoin started a fresh increase from the $0.220 zone against the US Dollar. DOGE is now gaining pace and might rise toward the $0.2650 zone. DOGE price started a fresh increase above the $0.220 and $0.2320 levels. The price is trading above the $0.2350 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.2350 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.2450 resistance zone. Dogecoin Price Aims Higher Dogecoin price started a fresh increase after it found support near $0.2170, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.2250 resistance zone. The bulls even pushed the price above the 50% Fib retracement level of the downward move from the $0.2531 swing high to the $0.2173 low. Besides, there is a connecting bullish trend line forming with support at $0.2350 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.2350 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.240 level. The first major resistance for the bulls could be near the $0.2440 level and the 76.4% Fib retracement level of the downward move from the $0.2531 swing high to the $0.2173 low. The next major resistance is near the $0.2530 level. A close above the $0.2530 resistance might send the price toward the $0.2650 resistance. Any more gains might send the price toward the $0.2720 level. The next major stop for the bulls might be $0.2850. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.2440 level, it could start another decline. Initial support on the downside is near the $0.2350 level. The next major support is near the $0.2250 level. The main support sits at $0.2150. If there is a downside break below the $0.2150 support, the price could decline further. In the stated case, the price might decline toward the $0.20 level or even $0.1880 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2350 and $0.2250. Major Resistance Levels – $0.2440 and $0.2530.
CEO Xiaojian Wang calls crypto adoption a deliberate, future-forward move to build value through decentralization.
In the rapidly evolving world of artificial intelligence, where foundation models are the bedrock for innovation, a significant development has caught the attention of the tech community, including those interested in cryptocurrency applications leveraging AI. Harvey, a prominent player in the Legal AI space and notably backed by the OpenAI Startup Fund, has announced it will begin incorporating leading AI models from both Anthropic and Google. Why This AI Models Shift Matters This move, detailed in a recent Harvey blog post, goes beyond Harvey’s previous reliance solely on OpenAI models. While Harvey states it is not abandoning OpenAI’s technology but rather adding diversity, the integration of models from key competitors like Anthropic and Google represents a notable win for these companies in the competitive AI landscape. Harvey is a high-profile success story from the OpenAI Startup Fund’s early portfolio, having grown to a reported $3 billion valuation. The significance is amplified by Harvey’s history: Harvey was among the first four startups the OpenAI Startup Fund backed in late 2022. The company has seen rapid growth and secured substantial funding rounds. Interestingly, Google’s venture arm, GV, led Harvey’s Series C round, yet Harvey didn’t immediately adopt Google’s Google AI models until now. What Drove Harvey to Adopt New AI Models? The decision wasn’t arbitrary. Harvey developed an internal benchmark called ‘BigLaw’ to evaluate how different foundation models perform on various legal tasks. The results were compelling: A variety of models are becoming increasingly capable in legal applications. Specific models demonstrate particular strengths in different legal tasks. Within a year, multiple non-OpenAI models outperformed Harvey’s original benchmarked system. Instead of focusing resources on training its own models from scratch, Harvey concluded it was more efficient to leverage high-performing, general reasoning models from other vendors and fine-tune them specifically for the legal market. This includes accessing models from Anthropic and Google, sometimes via cloud providers like Amazon. Benchmarking Reveals Task-Specific Strengths Harvey’s BigLaw benchmark provided crucial insights into which AI models excel at what. For example, their testing indicated: Google AI ‘s Gemini 2.5 Pro shows strength in legal drafting. However, Gemini 2.5 Pro reportedly struggles with certain pre-trial tasks, like writing oral arguments, due to challenges understanding complex evidentiary rules such as hearsay. OpenAI’s models perform well on such pre-trial tasks. Anthropic ‘s Claude 3.7 Sonnet also performs strongly in these areas, following closely behind OpenAI’s performance in some pre-trial tasks. These findings underscore the reality that no single model is universally superior for all tasks, prompting the need for a multi-model strategy in specialized fields like Legal AI . Future Implications: AI Agents and Transparency Using a diverse set of AI models will also be beneficial as Harvey develops AI agents for legal workflows. Furthermore, Harvey plans to contribute to the broader AI community by sharing its BigLaw benchmark findings publicly. They intend to launch a public leaderboard ranking major reasoning models on legal tasks. This leaderboard won’t just rely on single scores but will also incorporate qualitative insights from experienced lawyers, offering a more nuanced view of model performance. This move not only diversifies Harvey’s technological foundation but also puts pressure on its model providers, including its investor OpenAI and investor Google (via GV), to continue innovating and proving their models’ capabilities in real-world, high-stakes applications like law. Harvey’s Perspective and the Competitive Landscape Despite integrating competitor models, Harvey maintains a positive relationship with its initial backer. Harvey CEO Winston Weinberg stated, “We are incredibly fortunate to have OpenAI as an investor in Harvey and key collaborator in our product. And, we are energized to add to our options for customers as we continue to serve the needs of our customers globally.” This strategic shift by a leading Legal AI company like Harvey highlights the intense competition among foundation model providers. While OpenAI remains a dominant force, companies like Anthropic and Google are rapidly advancing their capabilities, making multi-model strategies increasingly attractive for developers building specialized AI applications. The focus is shifting towards leveraging the best available tool for each specific job, rather than being locked into a single provider, even when that provider is also an investor. To learn more about the latest AI models trends, explore our article on key developments shaping AI features.
Bitcoin (BTC), the world’s top coin, has not moved much in days. Its ups and downs over the past week are the slowest they’ve been in 563 days. When coins go this still, sharp climbs or big drops can often come next. So, what can people expect from BTC and other big coins like ETH, XRP, and ADA? Bitcoin (BTC): Nearing a key test Right now, Bitcoin is close to $95,000. However, here’s the big thing — its swings in price have slowed to their lowest in more than 500 days. That calm often means a storm could be on the way. If BTC climbs past $95K, it may soon push toward $100K. It could aim for as high as $107K if it breaks that point. Yet, if it can’t break through, it might fall back to the $90K zone or even near $85K. Dogecoin (DOGE): Still in its range DOGE is stuck between $0.14 and $0.21. That’s a tight space, and it’s been there for some time. If DOGE breaks past $0.21, that could set off a good rise to $0.28. However, if it falls below $0.14, it might drop back to $0.10. Many traders holding meme coins like DOGE often look at trends and price shifts before making a move, or even enjoy crypto games like Mine Island to pass the time as they wait for clear market signals. Ethereum (ETH): Could jump soon ETH is doing well, holding strong above $1,800. If it exceeds the $1,858 mark, people could see a good push up to $2,111. If it goes above that, ETH may then climb to $2,550. That would be a big deal, as it might end its slow spell. However, if ETH drops below key lines like its 20-day or 50-day moving spots, it may get stuck between $1,368 and $2,111 for some time. Ripple (XRP): At a crossroads XRP is in a tricky spot. It’s now below its trend lines, which is not a good sign for people who want to see it rise. It could hit the key line at $2 if it keeps falling. If it breaks that, it might drop to $1.61. Yet, if Ripple bounces back and climbs over its past high, XRP might get back on track and rise to $3. Cardano (ADA): Holding steady ADA is still above its main support lines, which is a good sign, but bulls must act soon. If this coin drops below those lines, it might fall to $0.58; if it breaks through $0.75, it could increase to $0.83. Chainlink (LINK): Needs to bounce LINK got close to $16 but couldn’t stay there. It dropped back to its safe zones — the moving averages. If LINK gets a good bounce here, it might try to break out again and surpass its trend line. However, it could go as low as $11.68 if it falls further. Avalanche (AVAX): Double-bottom chance AVAX is now at its safe price lines, which might pull in buyers. If it climbs from here, AVAX could form a ‘double-bottom’, a shape that often means the coin is set to rise. If that happens, it could go to $31.73, but if it drops below $19.68, it may stay stuck in a wide range between $15.27 and $23.50. Big moves may be next Bitcoin’s long calm spell may soon end — and with it, people could see a big move not just in BTC but in other top altcoins too. Some coins show signs of hope, while others hold at key spots. Like the Mine Island game, the crypto market can shift instantly, with steep climbs or sharp falls that test your timing. For traders and fans alike, staying sharp and watching the charts could be key in the days ahead.
On May 14th, 2023, COINOTAG News reported significant activity from the prominent crypto whale, silentraven, who executed a substantial trade involving 100 WBTC, valued at approximately $10.36 million. This transaction