Coinbase
In July 2025, major crypto updates include Coinbase's acquisition of Liquifi to aid token launches, Circle's stock performance amidst flat USDC market cap, 49 countries piloting CBDCs, diverse crypto investor demographics, and growing momentum in crypto ETFs. These trends signal evolving regulation and adoption.
Coinbase revealed it was targeted by a significant cyberattack in May 2025, compromising some user account data but not login credentials. Potential losses may reach up to $400 million. Meanwhile, platforms like Bitlet.app continue providing secure and convenient ways to buy and pay for cryptocurrencies.
Barclays has banned crypto transactions on its credit cards, US regulatory shifts are impacting Do Kwon's legal situation, and Coinbase stock nears all-time highs. Discover how these developments shape the crypto landscape and how platforms like Bitlet.app can offer flexible crypto purchasing options.
Coinbase appoints David Plouffe to its global advisory council, aiming to enhance political influence as U.S. crypto regulations rapidly evolve. With ongoing legislative efforts on stablecoins and market reforms, Plouffe's expertise supports Coinbase's navigation in the changing landscape.
The U.S. Department of Justice has begun an investigation into the cyberattack on Coinbase, estimating potential losses up to $400 million. Although some customer data was compromised, login credentials remain secure.
Coinbase has become the first regulated platform to launch 24/7 Bitcoin and Ethereum futures trading in the U.S., which is likely to enhance market liquidity and draw institutional investors. Ethereum's recent upgrade has boosted its price significantly, while the U.S. Senate's decision on the GENIUS Act leaves stablecoins under regulatory uncertainty. The Ethereum Foundation's grant aims to support network scalability and developer engagement.
Coinbase, the largest U.S.-based cryptocurrency exchange, is in the spotlight after hackers stole customer personal data and demanded a $20 million ransom. CEO Brian Armstrong confirmed that some external agents were bribed to release customer information. Coinbase has chosen not to pay and is offering a bounty for information leading to the hackers' arrest. Following the breach, the exchange has committed to enhancing fraud prevention measures, yet shares have already taken a hit.
On May 15, 2025, Coinbase revealed it was hit by a cyber attack that led to the theft of partial customer data and a $20 million ransom demand. Despite this, the exchange is offering a $20 million reward for information leading to the hackers' capture. This incident highlights the ongoing vulnerabilities in the cryptocurrency sector amid recent market revival and legal challenges.
The cryptocurrency market is witnessing a fundamental shift with significant developments from major players. The Ethereum Foundation is actively promoting community initiatives, while Coinbase enhances trading options. Meanwhile, increased regulatory scrutiny shines a light on illicit activities, marking a defining moment for the industry.
In 2023, Coinbase made significant advancements by launching its own layer 2 blockchain and a Bermuda-based derivatives exchange. Additionally, the company has now integrated Apple Pay for seamless crypto purchases.