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Ethereumbased

Coinbase Lists Ethereum-Based Stablecoin 4 Months After Launch

by admin August 22, 2025

As the U.S.’s largest cryptocurrency exchange, Coinbase continues to expand its crypto offerings to better serve its users. On August 21, the exchange announced the official listing of the World Liberty Financial USD (USD1).

Built on the Ethereum blockchain, USD-1 is a U.S. dollar-pegged stablecoin created by World Liberty Financial. Its listing on Coinbase marks a major development for crypto users in the U.S., allowing them access to buy, sell, convert, send, receive, and store the stablecoin on the platform.

4-month old USD-1 now on Coinbase

While the move further fortifies the stablecoin’s compliance with U.S. regulatory standards, the listing of USD-1 on Coinbase is coming just four months after its mainnet launch in April 2025.

Although it only entered the crypto space a few months ago, USD-1 has gained significant traction over the months due to its close affiliation with the U.S. dollar. Notably, it has amassed a massive $2.3 billion in market capitalization as of writing.

Although trading for USD1 was rolled out in phases, starting with the USD1-USD pair, it has now been fully listed on the leading exchange as sufficient liquidity has been established for the asset.

While the move appears to have been long anticipated by the users of the platform, Coinbase has warned that users should only transfer USD1 through the Ethereum network to avoid losses.

According to the announcement issued by Coinbase, it has showcased 0x8d0D000Ee44948FC98c9B98A4FA4921476f08B0d as the official contract address of USD-1, noting that transfers over other networks cause irrecoverable losses. It also warned that support for USD-1 via its trading platform may be limited in certain jurisdictions due to regulatory restrictions.

Coinbase Unveils New Listing for Ethereum-Based Crypto Assets: Details

by admin June 18, 2025

Major crypto exchange Coinbase has expanded the roster of Ethereum-based crypto assets on its platform, announcing a new listing.

In a recent tweet, Coinbase announced the listing of Spark (SPK) — an Ethereum-based crypto asset — on its platform. The newly listed token is currently available on Coinbase as well as the Coinbase iOS and Android mobile apps, with the “Experimental” label.

In similar news, Coinbase stated it will add support for new assets, including Spark perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of the SPK-PERP markets will begin on or after 9:30 a.m. UTC on June 19, 2025.

This month, Coinbase has added support for tokens based on the Ethereum network (ERC-20 tokens), including PancakeSwap (CAKE), Lagrange (LA) and Ethena (ENA).

Coinbase reveals plan for blockchain-based stocks

According to Reuters, Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer “tokenized equities” to its users. Tokenizing equities is the process of converting a company’s shares into a digital token, similar to how cryptocurrencies are traded. Rather than holding the securities directly, investors hold tokens that reflect ownership of them.

Ethereum-based game Ember Sword shuts down due to lack of funding

by admin May 23, 2025

Only a few months after it launched its early access, the team behind the blockchain-based game Ember Sword announced that the project is shutting down to due to lack of funding.

On the game’s official website, the developer team behind the Ethereum (ETH)-based massively multiplayer online role-playing game or MMORPG posted a statement to players and supporters of the game that it is shutting down the project after it was “unable to secure the funding” needed to develop the game further.

“We explored every possible way forward. But in today’s market — where even some of the most promising projects are shutting down — we couldn’t find a path to keep building,” wrote the team in a statement.

Ember Sword is the latest in a series of web3 games that have shut down operations this year, joining the ranks of Deadrop, Nyan Heroes, Tatsumeeko and many more.

Last December, the game had just launched its public early access after moving to the layer-2 network Mantle. It had previously jumped ship from the Polygon (POL) ecosystem to Immutable X. However, it will no longer continue with an official launch following its latest announcement.

Price chart for Ember Sword’s native token, EMBER, in the past few days, May 23, 2025 | Source: CoinGecko

“This isn’t the ending any of us wanted. But we wanted to sincerely thank you for being here, for believing in this vision, and for helping make Ember Sword something we’ll never forget,” the team stated.

At press time, the game’s native token EMBER has seen minimal price action, plummeting by 3% in the past 24 hours. Its current price stands at $0.00047. The token has plummeted more than 99% from its initial peak of $0.068. EMBER’s market cap sits at $80,657 market cap.

Back in 2021, the game generated social media buzz after it managed to attract $203 million in NFT land sales through 35,000 players.

The developer team consisted of prominent gaming veterans as advisors, including Rob Pardo, former chief creative officer at Blizzard Entertainment and lead designer of major gaming franchise World of Warcraft, as well as retired esports player Dennis “Thresh” Fong.

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May 23, 2025 0 comments