News linked to both this project and an event.
Coinbase Markets announced on X platform that spot trading for Wrapped Ronin (WRON) will be launched on May 18, 2026. If liquidity conditions are met, the WRON-USD trading pair will be available later today in supported regions.
Odaily. Bernstein stated in its latest research report that the newly reached compromise on stablecoin yields under the U.S. CLARITY Act is structurally beneficial for Circle and the USDC ecosystem.The report notes that the current version of the bill prohibits stablecoin issuers from paying interest to passive holders that is "economically equivalent" to bank deposits, but allows reward mechanisms tied to actual transaction, payment, and usage activities to continue. Bernstein believes this means Circle's current model, which relies on partners like Coinbase to provide USDC reward programs, will gain regulatory recognition, while also limiting the industry's ability to compete for market share through high yields.Bernstein points out that the bill effectively reinforces the positioning of stablecoins as "payment tools" rather than "deposit substitutes," helping to protect Circle's current business model that relies on reserve income. The firm maintains an "Outperform" rating for Circle with a $190 target price.Data shows that the total global supply of dollar-pegged stablecoins has surpassed $300 billion, with USDT and USDC collectively accounting for approximately 97% of the market share. Bernstein notes that USDC's share in on-chain payments and wallet transfers is steadily increasing, and its share of payments in the AI Agent payment protocol x402 has exceeded 99%.Additionally, Bernstein mentioned that Circle's ARC chain has cumulatively completed 244 million testnet transactions. The ARC token pre-sale previously raised $222 million, with investors including a16z crypto, Apollo Funds, ARK Invest, and BlackRock.However, the report also points out that the CLARITY Act still needs to complete multiple legislative procedures before it takes effect, including a 60-vote threshold in the full Senate and coordination with the House version. Polymarket currently estimates its probability of passage by 2026 at approximately 62%. (The Block)
0x Co-CEO Will Warren announced today that he is stepping down from his role as Co-CEO, effective immediately. He will remain on the board as a major shareholder and continue to support Amir Bandeali and the team. Warren noted that 0x built the first decentralized exchange protocol on Ethereum in 2016; today, its products drive billions of dollars in monthly trading volume and power on-chain swap services for companies including Coinbase, Robinhood, Phantom, and Kraken. He also observed that the co-CEO structure has somewhat slowed decision-making efficiency in recent years. Moving forward, Amir Bandeali will lead an organizational restructuring—with Warren’s continued support—to better position the company in an increasingly competitive market environment.
Odaily News, Coinbase announced that it will launch perpetual contracts for four AI infrastructure stocks on May 18, including Cerebras Systems (CBRS), Taiwan Semiconductor Manufacturing Company (TSMC), Nebius Group (NBIS), and Bloom Energy (BE).According to the company, the contracts support long and short positions, leverage, and 24/7 trading. They will be available to both retail and institutional traders in regions meeting liquidity conditions.
TownSquare, an infrastructure platform focused on institutional yield and cross-chain lending brokerage services, has announced a $100 million USD1 token liquidity program—a strategic initiative designed to bring institutional-grade and cross-chain yield opportunities to a broader user base via World Liberty Financial’s USD1 stablecoin and institutional yield strategies. Previously, TownSquare collaborated with the World Liberty Financial DeFi team to integrate the USD1 token onto Monad, a high-performance EVM-compatible chain, and received official incentives from the Monad Foundation. The team stated that this new liquidity program marks TownSquare’s continued commitment to expanding DeFi’s real-world applicability and delivering institutional strategy yields to more assets. Currently, the project’s official website has launched its cross-chain lending functionality, while its yield vault product is listed as “Coming Soon.” According to official information, the project has previously completed a funding round backed by Monad, a16z, Aptos, Solana Bonk, and other U.S. and European angel investors and VCs. The founding team includes alumni from Coinbase, Meta, Accenture, and market-making firms. Details about the project’s next funding round have not yet been disclosed.
According to Coinbase’s official blog, Coinbase has announced its appointment as the official Treasury Deployer (AQA) for USDC on Hyperliquid, further solidifying USDC’s position as the preferred stablecoin for on-chain capital markets. The total amount of USDC on Hyperliquid has now reached approximately $5 billion, representing a 200% year-on-year increase. Meanwhile, Native Markets has agreed to sell the USDH brand assets to Coinbase, and the USDH market will be gradually phased out. During the transition period, users can freely exchange USDH for USDC or fiat currency via the USDH Dashboard, with ongoing support provided by Native Markets.
Coinbase has become the official Treasury deployer of USDC on Hyperliquid, positioning it as a quote asset for alignment. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH brand assets. The USDH market will be gradually phased out, during which users can still exchange USDH for USDC or fiat currency without fees.Currently, the scale of USDC on Hyperliquid is approximately $5 billion, a 2x increase year-over-year. This integration aims to strengthen USDC's position as the preferred stablecoin for on-chain capital markets, further unifying global markets and enhancing capital efficiency.
Coinbase has released its Ethereum validator performance report for the first quarter of 2026. Data shows that its validators have staked a total of 4.5 million ETH, accounting for 12.17% of the total ETH staked across the Ethereum network. Coinbase stated it is committed to not exceeding a 30% validator penetration rate on the Ethereum network.The report indicates that Coinbase validators are deployed across five regions: Germany, Hong Kong (China), Ireland, Japan, and Singapore. In Q1 2026, the average online rate reached 99.98%, higher than the network-wide average of 99.77%.Additionally, Coinbase stated that its validators have not experienced any slashing or double-signing events since launch. It currently utilizes two consensus layer clients, Lighthouse and Prysm, along with three execution layer clients: Geth, Nethermind, and Reth.
Coinbase CEO Brian Armstrong stated that the "CLARITY Act" is "closer than ever" to advancing toward passage.Brian Armstrong noted that the bill would make the US financial system faster, cheaper, and more inclusive, helping the United States maintain its leadership in the competition for the next-generation global financial system.He also expressed gratitude to US Senate staff and the 3.7 million Stand With Crypto supporters, stating that these groups have driven the bill to its current stage.
despite Coinbase's weak first-quarter performance, Benchmark has maintained its 'Buy' rating on the stock and raised its price target from $260 to $270.Coinbase reported a net loss of $394 million in the first quarter, with revenue of $755.8 million falling short of market expectations; Adjusted EBITDA was $303.3 million, a significant decline from $929.9 million in the same period last year. Following the earnings release, its share price briefly fell by about 6%.Benchmark believes Coinbase is transitioning from a crypto exchange reliant on market cycles into a core infrastructure platform for the 'on-chain economy.' Its business layout now spans multiple areas, including stablecoins, crypto derivatives, tokenization, DeFi, payments, prediction markets, and AI-native commerce.Previously, Rosenblatt Securities and Bernstein also maintained positive ratings on Coinbase, indicating that some institutions remain optimistic about its long-term platform transformation.
Coinbase announced the expansion of its on-chain crypto-backed lending product, adding Solana as a supported collateral asset. Users can now borrow up to $100,000 in liquidity based on their SOL holdings. The service operates on the Morpho lending infrastructure deployed on the Base network, consistent with the structure of previously supported loans backed by Bitcoin, Ethereum, and other crypto assets.Ben Shen, Head of Financial Services at Coinbase, stated that introducing SOL as a collateral asset will enhance capital efficiency and the liquidity experience for users within the Solana ecosystem, while strengthening its "Everything Exchange" strategy—covering more crypto financial scenarios through a single platform. (The Block)
Coinbase, a cryptocurrency trading platform, has disclosed in a technical sharing session that its internal multi-agent development tool "Mux" is reshaping software engineering workflows, transitioning the engineer's role from traditional code implementers to task orchestrators for AI agents.With the widespread internal adoption of AI programming tools such as Cursor, Copilot, OpenCode, and Claude Code, code generation efficiency has significantly improved. However, development workflows have long remained stuck in a traditional "single-task, single-branch, sequential execution" mode, creating a new collaboration bottleneck.Mux was born as an internal tool against this backdrop. By assigning each AI agent an independent git worktree, branch, and terminal environment, the system enables parallel multi-task development and conflict-free collaboration, allowing engineers to simultaneously direct multiple agents to handle tasks such as API development, test writing, vulnerability fixes, and code refactoring.Data shows that as of April 2026, Mux has covered over 600 users within Coinbase (including engineers, product managers, and designers), with 335 actively using it and 197 being high-frequency users. It has facilitated over 5,000 PR merges across 461 code repositories and 10 organizations. Engineers using Mux achieved an average of 39.6 PR merges, approximately 3.5 times the baseline of 11.4.Coinbase stated that Mux's success relies on its internal infrastructure capabilities, including an LLM Gateway, secure model access, and a code flow deployment system, enabling deep integration of multi-agent tools into real development workflows. This trend marks a structural shift in the software engineering paradigm: as AI reduces the cost of code generation, the core value of engineers is transitioning from "implementation capability" to "problem definition and agent orchestration capability."
AI character economy platform Charms Interactive has announced the completion of a $1.5 million pre-seed funding round, with participation from Lattice, JME, Coinbase Ventures (Base Ecosystem Fund), Gidorah (Echo), and others. Charms has simultaneously launched its product, Charms.ai, aiming to upgrade "AI characters" from application features to tradable, ownable, and sustainable on-chain economic assets. (Decrypt)
Odaily Coinbase CEO Brian Armstrong plans to meet with U.S. Republican senators this Wednesday, on the eve of a key committee vote on the CLARITY Act scheduled for Thursday by the Senate Banking Committee.Reports indicate the latest draft of the bill exceeds 300 pages, covering mechanisms for stablecoin reward programs, DeFi protection clauses, and federal regulatory standards for digital assets. Previously, Coinbase had withdrawn its support for the bill due to restrictions on stablecoin yield and DeFi protections. However, after revisions driven by Senators Thom Tillis and Angela Alsobrooks, Armstrong has recently softened his stance, stating the industry "didn't get everything it wanted, but the core demands were preserved."Currently, U.S. banking organizations continue to lobby for tighter stablecoin provisions, while some Democratic lawmakers are demanding the inclusion of conflict-of-interest clauses to restrict government officials from engaging in crypto-related business. Market participants are closely watching the outcome of this week's committee deliberations, which could determine whether the first comprehensive U.S. crypto regulatory framework can advance toward enactment by the end of 2026. (FinanceFeeds)
According to The Block, the U.S. Senate Committee on Banking has released an updated 309-page version of the Clarity Act, scheduled for review and vote later this week. The new text includes language restricting stablecoin rewards and incorporates provisions from the Blockchain Regulatory Certainty Act, clarifying that non-custodial developers are not considered money transmitters. Coinbase—which had previously withdrawn its support due to controversy over the stablecoin rewards provision—has now reversed its position and endorsed the bill; however, banking industry groups still deem the restrictions insufficient. Meanwhile, the bill still lacks ethics-related provisions targeting digital asset-related benefits received by the President and other federal officials. Democratic lawmakers have stated that, absent such compromises, the bill is unlikely to gain their support.
According to The Block, Rob Nichols, CEO of the American Bankers Association (ABA), sent a letter to senior bank executives on Sunday evening urging them to contact U.S. Senators and call for further tightening of provisions related to stablecoin rewards ahead of the Senate Banking Committee’s markup vote scheduled for Thursday. Nichols warned that the current draft fails to effectively prevent crypto firms from offering users “interest-like rewards,” which could trigger massive outflows of bank deposits and threaten economic growth and financial stability. The current draft was negotiated by Senators Angela Alsobrooks and Thom Tillis. It prohibits paying users interest or returns for holding stablecoins but permits rewards tied to genuine activity or transactions—a provision supported by Coinbase. Banking industry groups contend that these exceptions contain loopholes that could be circumvented, and on May 8, they jointly wrote to Committee Chairman Tim Scott and Democrat Elizabeth Warren, requesting technical revisions to the language of the provision.
Odaily Planet Daily reported that Galaxy Digital stated that 7 Democratic senators on the U.S. Senate Banking Committee may play a crucial role in advancing the CLARITY Act. The bill will enter committee review this Thursday; if it passes, it will be submitted for a full vote in the Senate.Galaxy listed Ruben Gallego and Angela Alsobrooks as "pro-crypto framework" senators, and considers Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock as "negotiable," potentially supporting the bill after the inclusion of additional anti-money laundering and risk control provisions.The report noted that the Senate Banking Committee has 24 members, consisting of 13 Republicans and 11 Democrats. The bill needs at least a majority of support to proceed to the next stage. Coinbase's policy head previously stated that the CLARITY Act ultimately needs at least 60 votes and bipartisan support to become law. (Cointelegraph)
major US-based crypto exchanges Coinbase, Kraken, and Gemini are pushing for amendments to the Senate's crypto market structure bill, seeking to delete or relax the listing restrictions on 'digital assets susceptible to manipulation.' The original clause requires trading platforms to only list digital assets that are 'not easily manipulated.' The industry is concerned that this standard could limit the ability of small-cap tokens to be listed on exchanges, thereby impacting liquidity and market development.According to sources, the exchanges submitted revision proposals to the Senate Agriculture Committee earlier this year, suggesting the removal of the relevant restrictive language and emphasizing that the current wording could create a 'listing barrier' for small-cap crypto assets. Under the bill's design, the U.S. Commodity Futures Trading Commission (CFTC) would gain broader regulatory authority over digital commodity markets in the future, adopting a 'self-certification' mechanism used in traditional commodity markets, which requires exchanges to confirm that a product is not easily manipulated before it can be listed.However, the crypto industry believes that digital assets have structural differences from traditional commodity derivatives, making it unreasonable to simply apply existing standards, which could stifle innovation and market access. A source noted that the current direction of revisions is seen as a 'clear push for regulatory easing.' A Coinbase policy executive stated that the industry supports stronger regulatory and anti-fraud frameworks but opposes directly transplanting standards unsuitable for spot markets, as it would affect market liquidity and consumer participation. It is understood that the bill is still in the negotiation phase between two Senate committees and is expected to undergo further adjustments before being formally submitted for a full floor vote. (Politico)
CoinMarketCap’s April 2026 Exchange Monthly Report shows that the total trading volume across the 12 tracked cryptocurrency exchanges amounted to $4.50 trillion, with Binance holding a 36.23% market share. Overall derivatives trading volume was 5.38 times that of spot trading, and the combined proof-of-reserves across eight exchanges totaled $220.07 billion. The report also notes that Coinbase surpassed Binance in BTC spot order book depth within ±2%, becoming the exchange with the deepest liquidity; for ETH spot liquidity, Binance remains the leader. On the regulatory front, Binance is advancing its MiCA authorization application in Greece, while Gemini completed its withdrawal from the UK, EEA, and Australian markets on April 6.
Coinbase stated that, at approximately 8:00 a.m. Beijing Time on May 8, its systems detected elevated error rates across multiple services. The issue was subsequently traced to AWS’s US-EAST-1 Region Availability Zone use1-az4. Although Coinbase’s systems were originally designed to recover from failures in a single availability zone, this incident affected multiple availability zones, resulting in an extended outage of core trading services. The primary issues have now been fully resolved. The team will conduct a comprehensive postmortem analysis and provide further updates once AWS releases its official post-incident report.