Coinbase To Raise $2B Via Note Sale For Buybacks & Acquisitions

Coinbase To Raise $2B Via Note Sale For Buybacks & Acquisitions

Coinbase plans to raise $2 billion through a dual-tranche convertible note offering to institutional investors, marking a potential first for the S&P 500 if it uses proceeds to buy Bitcoin. The notes will mature in 2029 and 2032, with an option to issue an additional $300 million.

The Exchange aims to use the funds for general corporate purposes, including buybacks, investments, and acquisitions. As the world’s third-largest crypto exchange and 10th-largest public Bitcoin holder, this move signals deeper integration between traditional capital markets and the digital asset economy.

Base Layer-2 Network Restores Functionality After Temporary Disruption

Base, Coinbase’s Layer-2 blockchain, resumed normal operations Tuesday after a brief halt in block production.

The 30-minute outage began around 6:15 UTC, affecting deposits, withdrawals, and dApps. Final block height was recorded at 33,792,704. While the cause remains undisclosed, recent surges in on-chain activity — particularly from the launch of Base’s Everything App — may have stressed the network.

Despite this hiccup, Base remains a trusted Ethereum-compatible network. It joins other blockchains like Solana and Polygon in experiencing occasional disruptions due to rapid adoption and scaling demands.

Binance To Launch ‘ALL’ Index Futures With 75x Leverage

Binance is introducing a new USD-M Composite Index Futures contract, “ALLUSDT,” giving traders exposure to all USDT-quoted perpetuals on the platform.

Launching August 6 with 75x leverage, the contract auto-rebalances daily and excludes ETHBTC, non-USDT contracts, and delivery-based pairs.

This single instrument simplifies broad market exposure and supports Multi-Assets Mode for flexible margining.

Designed for quant and algorithmic traders, it eliminates the need to manage multiple positions manually. The launch follows Binance Futures hitting $2.55 trillion in July volume, reflecting growing demand for advanced derivatives in the crypto space.

SEC Declares Liquid Staking & Receipt Tokens Are Not Securities

The U.S. SEC has clarified that liquid staking and staking receipt tokens do not qualify as securities, offering relief to crypto developers and platforms.

According to the SEC’s Division of Corporation Finance, these activities — unless tied to investment contracts — don’t require registration under securities law.

The statement aligns with the agency’s Project Crypto initiative to offer clearer regulatory guidance. This move supports legal certainty for DeFi staking platforms and signals a more nuanced approach to token classification by U.S. regulators.

Michigan Pension Fund Expands Bitcoin Exposure Via $11M ARK ETF Investment

Michigan’s state pension fund has significantly raised its exposure to Bitcoin by purchasing 300,000 shares of the ARK 21Shares ETF, valued at $10.737 million as of Q2 2025. This marks a sharp increase from 110,000 shares the previous year.

ARKB, approved by the SEC in January 2024, gives direct access to Bitcoin. With shares currently trading at $37.72, the holding’s value is now around $11.3 million.

The fund also holds 460,000 shares in the Grayscale Ethereum Trust worth $9.6 million, highlighting growing institutional interest.

Ethereum Developers Propose Unified Fee System For Simpler Transactions

Ethereum’s Vitalik Buterin and Anders Elowsson have proposed EIP-7999 to simplify transaction fees. The new model would let users specify a single maximum fee for multiple transaction resources, replacing the need to calculate several separate fees.

Currently under community review, this proposal aims to improve capital efficiency and user experience.

Ethereum’s gas fees have long been a pain point, especially during peak network activity.

EIP-7999 could offer relief by making fee estimation more predictable—something even the earlier EIP-1559 upgrade couldn’t fully achieve.

Brazil Set To Debate Creation Of National Bitcoin Reserve

Brazil’s House of Representatives will hold a hearing on August 20 to discuss a bill proposing a national Bitcoin reserve.

If approved, up to 5% of the treasury—about $15 billion—could be used to buy Bitcoin.

Institutions like the Central Bank and Finance Ministry will take part in the discussion.

Supporters say it would shield Brazil’s reserves from currency and geopolitical risks.

If passed by the House, the bill would go to the Senate. Reactions are mixed, but the debate signals Brazil’s increasing interest in crypto.

Galaxy Digital Bounces Back With $31M Profit & Bitcoin Surge

Galaxy Digital reported a $30.7 million profit in Q2 2025, reversing a $295 million loss in Q1. Key drivers were gains in market performance and balance sheet holdings.

The firm now holds 17,102 BTC—up from 13,704 in Q1—valued at $1.95 billion. Total digital assets rose to $3.56 billion, with Bitcoin comprising over half. EBITDA hit $211 million, aided by $228 million in treasury profits.

Digital asset revenue increased 10%, but expenses kept EBITDA flat at $13 million. The results signal a strong rebound for Galaxy.

AMINA Bank First To Launch Trading, Custody For SUI Token

Switzerland’s AMINA Bank has become the first crypto-focused bank to offer trading and custody services for SUI, the token of the Sui blockchain.

SUI joins its crypto list alongside BTC, ETH, SOL, and AVAX. The FINMA-regulated bank also plans to enable staking for SUI soon.

AMINA praised Sui’s speed, efficiency, and unique Layer-1 capabilities. SUI has soared 630% in a year and reached a peak of $5.29. The move aligns with rising interest, including U.S. ETF filings featuring SUI.

Osaka Exchange Eyes Crypto Derivatives & ETF Launches

Japan’s Osaka Exchange is exploring crypto derivatives such as futures and options to meet growing demand for digital assets.

President Ryusuke Yokoyama confirmed that the exchange will consult with Japan’s Financial Services Agency and study international models.

Its parent, Japan Exchange Group, is also considering launching crypto ETFs on the Tokyo Stock Exchange.

This follows Japan’s recent move to lift its crypto ETF ban.

Together, these steps signal a shift toward wider institutional access to crypto in Japanese markets.

You need to login in order to Like