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CoinMarketCap

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CoinMarketCap

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  • CMC News: Coinbase has officially rolled out wrapped versions of $XRP and $DOGE on its Base layer-2 network. The new cbXRP and cbDOGE tokens maintain 1:1 backing with actual $XRP and $DOGE held in Coinbase custody. This move enables cross-chain functionality for both cryptocurrencies within Base's expanding DeFi ecosystem. Within 24 hours of launch, over 2.3 million cbXRP worth $5 million and 10.4 million cbDOGE worth $1.9 million were issued. The wrapped tokens join Coinbase's existing cbBTC, which has reached a market cap of $4.7 billion since its September launch. Additional wrapped assets, cbLTC and cbADA, remain in development with launch dates pending. Base positions itself as a competitive layer-2 solution offering reduced transaction costs and faster processing for DeFi users.
  • CMC News: Coinbase CEO Brian Armstrong has cautioned that $BTC could replace the U.S. dollar as the global reserve currency if Congress fails to address America's $37 trillion debt crisis.
  • CMC News: TGBP Stablecoin Launches as U.K. Regulatory Framework Takes Shape. BCP Technologies has launched its British pound-backed stablecoin $TGBP on the Ethereum blockchain. The FCA-registered firm positions the token as a "live proof-of-concept" for upcoming U.K. stablecoin regulation. Each $TGBP token represents one British pound held in segregated bank accounts. The company plans to eventually back the stablecoin with short-term U.K. government bonds in line with FCA proposals. BCP will participate in FCA roundtable discussions on July 4 regarding new regulatory frameworks. Major exchanges are expected to list $TGBP in the coming weeks following a 14-month regulatory submission process. The pound stablecoin market remains largely untapped, with existing options having less than $500,000 combined market cap. BCP targets use cases including cross-border payments, institutional collateral management, and tokenized asset settlement.
  • CMC News: XAUt0 Launches Omnichain Gold Token on TON Network Tether has unveiled XAUt0, the omnichain version of its gold-backed stablecoin $XAUt, with first deployment on TON Network. The token enables seamless movement across blockchains using LayerZero's Omnichain Fungible Token standard. XAUt0 maintains 1:1 backing through 7.7 tons of London Bullion Market Association-certified gold in Swiss vaults. Unlike traditional gold ETFs offering only price exposure, XAUt0 provides direct ownership with 24/7 access and physical redemption options. The omnichain deployment opens new DeFi possibilities, including multichain lending and gold-FX arbitrage strategies. The current $XAUt market cap stands at $770 million with independently verified reserves following ISAE 3000 standards.
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  • Wondering why CETUS is crashing? CMC AI clocked it in seconds.
  • CMC News: BlackRock Bitcoin ETF Accumulates 631,962 $BTC Worth $65 Billion BlackRock's spot Bitcoin ETF now holds 631,962 $BTC valued at approximately $65 billion. This represents nearly 3% of the total Bitcoin supply under management. The milestone demonstrates growing institutional confidence in $BTC as a mainstream asset. BlackRock's ETF has seen consistent inflows outpacing competitors since its launch. The holdings signal declining perceived risk of Bitcoin among traditional investors. Other institutional players, including pension funds and hedge funds, may follow suit. The accumulation could accelerate institutional adoption and increase market liquidity.
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