The move marks the end of a turbulent phase for the platform, which had suspended operations after a major security breach
Coinbase has been an investor in CoinDCX since 2020. The latest investment is an extension of the company's previous funding round and, once completed, will value CoinDCX at $2.45 billion post-money
The crypto custody offering-under development for the past two to three years-will cater primarily to asset managers and institutional clients
Meme Rush, the company said, is designed to help users discover and purchase exclusive meme token projects in their earliest stages-before they become publicly tradeable on decentralised exchanges
CaaS is an end-to-end infrastructure and technology offering designed specifically for large, regulated financial institutions
On the macro front, comments from the US Federal Reserve Chair have shifted the narrative, signaling a greater emphasis on labor market stability over aggressive inflation control
Despite the volatility, analysts suggest this correction is not a sign of fundamental weakness, but rather a leverage flush, a natural reset following an extended rally
Market analysts attribute the the cautious optimism to a balance between consolidating price action and renewed corporate activity
The surge was further fuelled by strong inflows into US spot Ethereum ETFs and strategic buying by corporate treasuries
Ethereum (ETH) is showing early signs of short-term bullish momentum on the 1-hour timeframe, supported by a 20/50 EMA bullish crossover
Sixty per cent of respondents expressed positive sentiment towards crypto investments, while 20 per cent felt negative and another 20 per cent remained neutral
For BTC to regain bullish momentum, analysts believe that a confirmed breakout above $116,000 is necessary.
This feature enables merchants to connect to a crypto market worth over $3 trillion by allowing instant crypto-to-stablecoin or fiat currency conversion
The feature is integrated directly into Square's payment infrastructure, allowing merchants to receive Bitcoin payments alongside traditional options like credit cards and digital wallets
Altseason, analysts suggest, typically follows a pattern in the crypto market's 4-year cycle - starting with Bitcoin, then large-cap tokens like ETH and SOL, and finally spreading to smaller altcoins
In 2024, around $2.2 billion worth of cryptocurrencies were stolen. This followed losses of $1.7 billion in 2023 and $3.8 billion in 2022
The incident came around the heals of the first anniversary of a security breach at WazirX, another cryptocurrency exchange which reported theft of approximately $230-235 million in July 2024
The availability of institutional-grade tools and improving regulatory clarity is encouraging a more sophisticated, professional investor base to participate in this evolving asset class
Market analysts called the current consolidation healthy and said it indicates investors are waiting for clearer breakout or breakdown signals
Market analysts believe that Bitcoin has recovered after macro concerns about US-European trade tariffs made it retest support around $106,500