13 Aug 2025, 21:25

ETH transaction count rising amid $5K push, but competition erodes market share

The network is facing competition from next-generation layer-1 blockchains and layer-2 networks from within its own ecosystem.

13 Aug 2025, 21:25

Coinbase Unlocks Seamless USDC Transactions via Base for New York Residents

BitcoinWorld Coinbase Unlocks Seamless USDC Transactions via Base for New York Residents A significant development is unfolding for cryptocurrency users in New York! Coinbase has officially announced its support for sending and receiving USDC transactions via the Base network for residents across the state. This exciting update means New Yorkers can now leverage the speed and cost-efficiency of Base directly from their Coinbase accounts. This move reinforces Coinbase’s commitment to innovation while adhering to stringent regulatory standards, as the exchange operates under a license from the New York Department of Financial Services (NYDFS). Why This Matters for Coinbase New York Residents? For individuals and businesses in New York, this integration offers tangible benefits. Previously, options for rapid and affordable USDC transfers might have been limited by higher network fees or slower confirmation times on other blockchains. Now, with the direct integration of Base network support , users gain access to a more streamlined and economical way to manage their stablecoin holdings. Enhanced Accessibility: Move USDC more freely and cost-effectively within the Coinbase ecosystem. Reduced Costs: Benefit from significantly lower gas fees compared to the Ethereum mainnet. Faster Settlements: Experience quicker transaction confirmations, ideal for time-sensitive transfers. Coinbase’s continued operation and expansion in New York, backed by its NYDFS license, underscores its dedication to providing compliant and secure services. This is a crucial aspect for fostering trust and widespread adoption of digital assets within a regulated framework, especially for Coinbase New York users. Understanding the USDC Base Network Advantage Base is an Ethereum Layer 2 (L2) blockchain, incubated by Coinbase, designed to offer a scalable and cost-effective environment for decentralized applications and transactions. By enabling USDC transactions on Base, Coinbase is directly leveraging this cutting-edge technology to improve user experience. The Base network operates by processing transactions off the main Ethereum chain, bundling them, and then submitting them back to Ethereum. This process drastically reduces congestion and associated fees, making it an ideal solution for frequent stablecoin transfers. The USDC Base Network offers a compelling alternative for users seeking efficiency without compromising security, as it inherits the robust security features of Ethereum. This strategic decision by Coinbase highlights a broader industry trend towards embracing Layer 2 solutions to overcome the scalability challenges often associated with foundational blockchains. It provides a practical example of how innovation can meet regulatory compliance to deliver superior service. Seamless USDC Transactions : How It Works Sending and receiving USDC via the Base network on Coinbase is designed to be intuitive for New York users. The process integrates seamlessly into the existing Coinbase interface, ensuring a familiar experience. Users simply initiate a USDC transfer, select the Base network as their preferred option, and provide the recipient’s Base network address. Coinbase’s platform guides users through each step, minimizing complexity and potential errors. This focus on user-friendliness is vital for encouraging broader adoption of new blockchain technologies and ensuring that the benefits of Base network support are accessible to everyone. The integration also ensures that all transactions comply with Coinbase’s rigorous security protocols, providing peace of mind for users. This straightforward approach means New York residents can quickly adapt to using Base for their stablecoin needs, whether for personal transfers, trading, or interacting with decentralized finance (DeFi) applications that support the network. Broader Impact of Coinbase Base USDC Integration This strategic move by Coinbase is more than just a convenience upgrade; it signifies a pivotal step in the evolution of cryptocurrency adoption within regulated markets. By enabling Coinbase Base USDC functionality in a highly scrutinized state like New York, Coinbase reinforces its leadership as a compliant and forward-thinking platform. This development also underscores the increasing utility and importance of stablecoins like USDC as foundational elements of the digital economy. As more major exchanges and platforms integrate Layer 2 solutions, the overall crypto ecosystem benefits from enhanced liquidity, improved interoperability, and a more robust infrastructure. This paves the way for greater mainstream acceptance and diverse applications of digital assets. The successful deployment of this feature for Coinbase New York users sets a precedent for other regions and exchanges, demonstrating that innovation and regulatory adherence can coexist to drive the industry forward. It’s a clear win for both users seeking efficiency and the broader mission of making digital finance accessible globally. Conclusion: A New Era for New York Crypto Users The activation of USDC transactions via the Base network for New York residents on Coinbase marks a significant milestone. It represents a powerful convergence of technological innovation, regulatory compliance, and user-centric design. This development not only simplifies and reduces the cost of stablecoin transfers but also strengthens the position of Coinbase as a leader in the regulated crypto space. For New York users, this means a more efficient, affordable, and reliable way to engage with their digital assets. This move truly unlocks new possibilities for stablecoin utility and reinforces the positive trajectory of the crypto market. Frequently Asked Questions (FAQs) Q1: What is the Base network? Base is an Ethereum Layer 2 (L2) blockchain incubated by Coinbase, designed to offer a scalable, low-cost, and secure environment for decentralized applications and transactions. Q2: Why is this update significant for New York residents? This update allows New York residents to send and receive USDC via the Base network on Coinbase, offering significantly faster transaction times and lower fees compared to the Ethereum mainnet, all within a regulated environment. Q3: Is sending USDC via Base on Coinbase secure? Yes, Coinbase maintains rigorous security protocols, and the Base network inherits the strong security guarantees of the underlying Ethereum blockchain, ensuring secure USDC transactions . Q4: Are there any fees associated with USDC transactions on Base? Transactions on the Base network incur significantly lower gas fees compared to the Ethereum mainnet, making it a more cost-effective option for users. Q5: Can I send other cryptocurrencies via Base on Coinbase? Currently, Coinbase’s announcement specifically highlights support for USDC transactions via the Base network for New York residents. Users should check Coinbase’s official announcements for updates on other cryptocurrencies. Did you find this article helpful? Share this exciting news with your network and help spread the word about enhanced crypto accessibility in New York! Your shares help us reach more people interested in the evolving world of digital finance. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset adoption . This post Coinbase Unlocks Seamless USDC Transactions via Base for New York Residents first appeared on BitcoinWorld and is written by Editorial Team

13 Aug 2025, 21:18

OKB Doubles in Price, Hits Record High as OKX Plans to Slash Supply

Crypto exchange OKX said Wednesday that it will slash the supply of its OKB token, prompting the price to skyrocket.

13 Aug 2025, 21:17

ChatGPT’s SOL Analysis: Ethereum’s $4,700 Surge Sparks SOL’s $200 Breakout

ChatGPT’s SOL analysis is showing a powerful breakout above the $200 psychological level with an impressive recovery from a -3.74% pullback to $199 as Solana follows Ethereum’s explosive rally to $4,700 . Additionally, Solana achieved a historic 400-billion -transactions milestone, and Blue Origin spaceflight is now accepting SOL payments, positioning SOL for a potential surge toward $250 or a healthy consolidation above the $191 support. ChatGPT’s SOL analysis synthesizes 18 real-time technical indicators, altseason rotation dynamics, ecosystem milestone achievements, and institutional adoption metrics to assess Solana’s 90-day trajectory amid a key inflection between continued consolidation and explosive breakout momentum. Technical Analysis: Healthy Pullback Within Explosive Uptrend Solana’s current price of $199 reflects a manageable -3.74% pullback from the opening price of $192 , establishing a dynamic trading range between $205 (high) and $191 (low). This 6.8% intraday range shows controlled volatility typical of healthy corrections within strong bullish trends. Source: TradingView The RSI at 64.96 sits in optimal neutral-bullish territory with substantial room for continued upward movement without overbought concerns. Moving averages reveal exceptional positioning with SOL above all major EMAs: 20-day at $178 ( -10.5% ), 50-day at $171 ( -14.0% ), 100-day at $165 ( -16.9% ), and 200-day at $164 ( -17.5% ). This extreme separation indicates parabolic recovery characteristics. MACD shows a strong bullish structure at 1.98 above zero with positive momentum building, confirming underlying strength despite a temporary pullback. Source: TradingView Volume analysis shows moderate activity at 5.05 million SOL during the correction, validating institutional confidence during the pullback. ATR at 196.42 indicates a very high volatility environment with potential for massive moves as altseason rotation accelerates. Historical Context: Following Ethereum’s Altseason Leadership Solana’s August performance demonstrates classic altseason rotation dynamics as SOL breaks above $200 following Ethereum’s explosive rally to $4,700 . The 2025 journey from January’s $231 peak through a brutal correction to March’s $115 low established a strong accumulation foundation. The April-August recovery showed consistent institutional buying with recent acceleration mirroring Ethereum’s momentum patterns. Source: TradingView Current pricing represents a 48.52% discount to the all-time high of $295 while securing extraordinary 38,800% + gains from the 2020 lows. August’s breakout above $200 represents a 14% monthly gain and validates the technical recovery thesis as Solana captures institutional attention following Ethereum’s validation of smart contract platform utility. Support & Resistance: Strong Foundation Supports Breakout Immediate support emerges at today’s low around $191 , representing key psychological support following the $200 breakout. The 20-day EMA at $178 provides a substantial support buffer with 10.5% downside protection from current levels. Key support demonstrates exceptional depth with 50-day EMA at $171 ( -14.0% buffer) and 100-day EMA at $165 ( -16.9% buffer). Source: TradingView Resistance begins at today’s high around $205 , followed by psychological $210 – $215 and major resistance at $220 – $230 . Breaking above current levels could trigger momentum acceleration toward the previous highs and an eventual ATH challenge. The technical setup suggests minimal downside risk given a strong EMA support cluster, while upside breakout continuation could produce rapid moves toward $250 – $270 based on altseason rotation momentum and institutional positioning. Ecosystem Dominance: 400-Billion-Transactions Milestone Solana achieved a historic 400-billion -transactions milestone, demonstrating exceptional network adoption and utility beyond speculative trading. Source: Solana Explorer The transaction volume milestone coincides with ecosystem expansion, including the Summon.fun launchpad development and meme coin surge activity. BONK received a $25 million corporate treasury boost , indicating institutional confidence in Solana-based projects. Blue Origin’s announcement that it is accepting Solana for spaceflight payments further adds to the validation and mainstream adoption acceleration. ChatGPT’s SOL Analysis: Altseason Rotation Accelerates ChatGPT’s SOL analysis reveals key altseason rotation momentum as Ethereum’s rally to $4,700 creates institutional capital spillover into high-performance smart contract platforms. The institutional capital movement from the Ethereum ecosystem creates optimal conditions for Solana appreciation as investors seek exposure to next-generation blockchain infrastructure. Hong Kong’s approval of SOL retail trading also expands institutional access globally. BREAKING: Hong Kong’s first licensed exchange, @osldotcom , has received SFC approval to offer @Solana (SOL) trading to retail investors starting today, August 11, 2025. pic.twitter.com/M1nQmoBFBj — SolanaFloor (@SolanaFloor) August 11, 2025 DEX volume hitting $100 billion monthly demonstrates ecosystem maturity and institutional confidence in Solana’s infrastructure capabilities. Additionally, the SEC’s clearance of liquid staking tokens removes regulatory barriers to institutional participation. BREAKING from @SECGov : Liquid staking activities and tokens are not considered securities pic.twitter.com/POcFywU6X7 — Solana (@solana) August 5, 2025 Market Fundamentals: Explosive Metrics Validate Breakout Solana maintains the fourth-largest cryptocurrency position with a $105.38 billion market cap, demonstrating a strong 9.28% increase. The substantial market cap growth accompanies an extraordinary 127.21% volume surge to $13.69 billion . The 12.84% volume-to-market cap ratio indicates exceptional trading activity, suggesting massive institutional repositioning and retail FOMO following the $200 breakout. Source: CoinMarketCap Circulating supply of 539.66 million SOL represents 88.9% of the total supply, with unlimited maximum supply supporting long-term network growth. Market dominance of 2.68% positions Solana as a major smart contract platform with proven scalability advantages. Social Sentiment: Explosive Community Engagement LunarCrush data reveals exceptional social performance with Solana’s AltRank surging to 21 , indicating top-tier community engagement during the breakout. Galaxy Score of 76 reflects building euphoric sentiment around the $200 breakout and ecosystem achievements. Engagement metrics show a massive activity surge with 36.1 million total engagements ( +3.56M ) and 161.09K mentions ( +64.73K ). Social dominance of 10.5% demonstrates overwhelming attention during the explosive rally above psychological resistance. Sentiment registers at a robust 82% positive despite the pullback, reflecting community confidence in continued appreciation potential. Solana is just catching up to ETH… Would not be surprised to see $SOL at $250 this week! — Nick O’Neill (@chooserich) August 13, 2025 Recent themes focus on $250 – $500 targets, altseason rotation dynamics, and ecosystem milestone achievements. Three-Month SOL Price Forecast Scenarios Altseason Acceleration Breakout (50% Probability) Continued altseason rotation combined with ecosystem expansion could drive explosive appreciation toward $250 – $300 , representing 25 – 50% upside from current levels. Source: TradingView This scenario requires sustained volume above 8 million SOL daily and continued institutional spillover from Ethereum. Healthy Consolidation Above $200 (30% Probability) Institutional profit-taking could result in consolidation between $190 – $220 , allowing technical indicators to reset while ecosystem developments continue. Source: TradingView This scenario provides accumulation opportunities without strong downside risk. Correction on Rotation Pause (20% Probability) A pause in altseason rotation could trigger selling toward $171 – $178 support levels, representing 10 – 15% downside. Source: TradingView Recovery would depend on continued ecosystem development and eventual rotation resumption. ChatGPT’s SOL Analysis: Altseason Rotation Meets Ecosystem Excellence ChatGPT’s SOL analysis reveals optimal convergence of altseason rotation dynamics, ecosystem milestone achievements, and technical breakout momentum. The $200 breakthrough with institutional validation creates a compelling upside opportunity as Ethereum’s rally extends to smart contract alternatives. Next Price Target: $250-$300 Within 90 Days The immediate trajectory requires a decisive hold above the $200 resistance to validate altseason rotation from an institutional momentum base. From there, continued ecosystem expansion could propel Solana toward $250 psychological milestone, with sustained altseason dynamics driving toward $300 +, representing substantial appreciation. However, failure to hold the $200 level would indicate consolidation to the $190 – $180 range as rotation pauses, creating an optimal accumulation opportunity before the next altseason wave drives Solana toward $500 + targets, validating the high-performance blockchain infrastructure dominance thesis. The post ChatGPT’s SOL Analysis: Ethereum’s $4,700 Surge Sparks SOL’s $200 Breakout appeared first on Cryptonews .

13 Aug 2025, 21:05

Binance Security Officer Explains the Biggest Threat Facing Cryptocurrencies

Binance's Director of Security, Jimmy Su, stated that North Korean hackers are the biggest threat facing the cryptocurrency industry and that they target the company with fake job applications every day. According to Su, attackers disguise themselves during job interviews using voice-altering and deepfake technologies. They also conduct attacks using methods such as poisoning open-source code (e.g., NPM) and posing as fake recruiters offering high-paying jobs. “The biggest attack vector against the crypto industry right now is state-backed hackers, particularly North Korea and the Lazarus Group. They've focused on crypto for the last two or three years and have been quite successful,” Su said in a statement. The Binance executive noted that in almost all major North Korean-origin cyberattacks, a rogue employee has been involved in the attack. Related News: BREAKING: Coinbase Lists Expected Altcoin - It Had Given the Signal The North Korea-based Lazarus Group is known as one of the world's most active and dangerous hacking groups. According to the FBI, the group is responsible for the March attack on the Bybit exchange, which caused $1.4 billion in losses and is considered the largest crypto hack in history. Su said Binance receives a large number of fake resumes every day, believed to be prepared by North Korean attackers, and these are often identified by specific templates. However, if the fake applications make it past the initial stage, verifying the candidates' authenticity through video interviews becomes difficult. *This is not investment advice. Continue Reading: Binance Security Officer Explains the Biggest Threat Facing Cryptocurrencies

13 Aug 2025, 21:00

Standard Chartered Ups Year-End Ethereum Forecast To $7,500, Sees 2028 High Of $25,000

British banking giant Standard Chartered lifted its year-end target for Ethereum’s price to $7,500 from $4,000.