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Bitcoin & Ethereum News, Crypto Prices & Indexes

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Crypto Breaking News

Coinbase’s Base App, pitched as a central piece of Coinbase’s “Everything App” strategy, is winding down its Creator Rewards program and its Farcaster-powered social feed. The move signals a shift away from social incentives toward a trading-first experience that prioritizes tradable assets. The Creator Rewards program, launched in July to foster a more social Base ecosystem, distributed roughly $450,000 to about 17,000 creators over seven months, according to an official Base App X update. That translates to an average payout of around $26 per creator. As the project evolves, the team underlined that the app’s core mission is changing, with trading taking center stage.

Base App’s creator-focused initiative will culminate with final payouts on February 18, and the program will wrap on the preceding Sunday. The decision comes alongside a broader reorientation of Base App’s social features. Founder Jesse Pollak framed the pivot by stressing simplicity and focus: “As we’ve rolled the app out, we’ve realized we need to do less, better. And by focusing on tradable assets, that’s exactly what we can do.” He added, “The app needs to have one primary focus, and that thing is trading.” The message reflects Coinbase’s intent to consolidate Base App as the trading hub for a suite of crypto primitives rather than a multi-faceted social platform.

With the Creator Rewards sunset, Base App’s social feed powered by Farcaster is unlikely to remain a central pillar of the user experience. Pollak acknowledged the talk feed’s misalignment with Base App’s core capabilities and said the team plans to continue supporting the decentralized social network and its developer ecosystem, even as the product emphasis shifts. “…candidly, I think the truth is that the base app was always an imperfect farcaster client,” he noted. “With this change, I expect those users to flow back to the farcaster app (myself included) and inject more energy into the economy there, with a best in class interface.”

Base App is at the center of Coinbase’s future

The refocus aligns with Coinbase’s broader ambition to become an Everything App spanning spot trading, derivatives, stablecoins, tokenization of real-world assets, prediction markets, and more. The company has signaled ongoing exploration of Base’s tokenization potential, though public commentary from CEO Brian Armstrong and Pollak on a Base token has been relatively quiet in recent months. The move also preserves Base App’s Creator Coins program, which enables users to mint ERC-20 tokens linked to their Base profile and the Zora ecosystem, even as the social feed portion is deprioritized. The platform’s December launch, following a longer beta period, established Base App as a self-custody wallet and all-in-one trading companion for a growing trading experience.

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The broader strategy, including a renewed emphasis on tradable assets, occurs in a context where retail liquidity and investor appetite for accessible tokenized products remain central to crypto markets. The enterprise behind Base App continues to weave its product narrative around asset ownership, on-chain tokenization, and user-controlled liquidity, rather than social hooks alone. The project’s trajectory has also intersected with conversations about a Base token, a notion that has drawn attention even as the leadership has offered few recent public updates. Meanwhile, Base App’s Creator Coins program remains active, offering a way for users to deploy ERC-20 tokens tied to their Base activity and to participate in broader ecosystems such as Zora.

Beyond its internal pivots, the initiative sits within a wider industry discourse about how social tooling, creator monetization, and trading workflows intersect on-chain. In related coverage, the industry has noted the growing interest in open, interoperable tools for prediction markets and open-source data feeds, underscoring a trend toward more modular, developer-friendly ecosystems.

Base App’s evolution also points to a continued emphasis on practical utility for users who want to manage custody, trading, and tokenization in a single interface. The product’s December launch, together with the sunset of Creator Rewards, reflects a clear prioritization of liquidity and tradable assets over experimental social features, even as the company remains committed to supporting its broader developer network and ecosystem partners.

Related discussions around Base and its ecosystem continue to surface in strategy discussions about decentralized social networks, on-chain governance, and the role of creator-driven tokens in digital economies. The product’s remaining integration points, including its links to broader Coinbase services, will likely shape how users navigate the interface as it moves deeper into the trading-centric phase of its development.

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Why it matters

The decision to sunset Creator Rewards and narrow the Base App’s focus to tradable assets marks a significant strategic refinement for Coinbase’s technology roadmap. By concentrating on a trading-first experience, Base App aims to streamline user flows, reduce feature complexity, and enhance liquidity within its ecosystem. The change also signals how Coinbase views social features as a potential risk to a clean, asset-centered user journey, especially in an environment where on-chain trading and asset tokenization are increasingly central to platform differentiation.

For developers and creators, the move redraws incentives. While Creator Rewards offered a tangible earnings stream, the shift reallocates attention and resources toward building robust trading experiences, improved interfaces, and more reliable asset integrations. The ongoing support for Farcaster suggests a recognition that decentralized social ecosystems remain valuable to certain user segments, even if they no longer sit at the core of Base App’s product strategy. In practice, users who valued social signals and creator-driven tokens may migrate toward stand-alone social clients or alternative on-chain ecosystems, while trading-centric features gain momentum on Base App.

From a market perspective, the development underscores how major crypto players balance social experimentation with the economics of liquidity and tradable assets. It also reinforces Coinbase’s narrative around the Everything App, positioning Base App as a strategic hub for on-chain activity, rather than a standalone social portal. The outcome will hinge on how effectively Base App can scale its trading features, attract liquidity, and maintain a coherent user experience as more functions are integrated into the ecosystem. In short, the Pivot foregrounds trading utility as the backbone of a user-centric on-chain toolset, while social experiments take a back seat until or unless they prove to materially enhance liquidity and engagement.

What to watch next

  • Final Creator Rewards payouts on February 18 — confirm user receipts and overall distribution metrics.
  • Any updates regarding Base Token discussions and public messaging from Coinbase/Base leadership.
  • Progress on Farcaster integration strategy and how users engage with decentralized social features outside Base App.
  • Updates to the Creator Coins program and its interaction with Zora and other on-chain ecosystems.
  • Shifts in Base App’s feature set and new liquidity- or asset-focused updates as part of the Everything App roadmap.

Sources & verification

  • Base App X post detailing roughly $450,000 distributed to about 17,000 creators over seven months.
  • Announcement that Creator Rewards will end with final payouts on February 18.
  • Jesse Pollak’s comments on focusing on trading and the imperfect fit of Farcaster for Base App.
  • Base App’s December launch and its role as a self-custody wallet within the trading experience.
  • Creator Coins program page and its ERC-20 token mechanics tied to Base App profiles and Zora.

Base App pivots toward trading-first design

Coinbase’s Base App is pruning its social-oriented features to emphasize tradable assets, a move underscored by public remarks from Base’s leadership and corroborated by the platform’s payout data. By winding down the Creator Rewards program and tightening feature focus, Base App aims to deliver a cleaner, more efficient trading experience that aligns with the broader mission of Coinbase’s Everything App. The decision to sunset social incentives comes alongside ongoing conversations about Base’s strategic direction and the potential paths for tokenization and open-access financial tooling within the Coinbase ecosystem.

Ethereum (CRYPTO: ETH) remains a reference point in these discussions, as Base App seeks to harness its layer-2 capabilities and on-chain liquidity to support a more robust trading flow. The emphasis on tradable assets is intended to create a more compelling value proposition for users who want direct asset ownership, faster settlement, and accessible DeFi-native workflows within a single interface. As Base App navigates these changes, observers will be watching not only for concrete product updates but also for how the ecosystem adapts to maintain creator engagement and developer participation without relying primarily on social reward mechanics.

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In the evolving crypto landscape, open-source tooling, tokenized assets, and streamlined custody play increasingly central roles. The Base App pivot illustrates how major platforms are recalibrating to align product-market fit with liquidity pressures and regulatory expectations, while still preserving avenues for creator-led innovation through tokens and decentralized ecosystems. The ongoing dialogue around Base’s roadmap, tokenization ambitions, and the role of social features will shape how users engage with Coinbase’s broader platform — and how new entrants attempt to replicate or improve upon this integrated, trading-focused approach.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Hyperliquid beats Coinbase in 2025 notional trading volume

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Hyperliquid rolls out new testnet for prediction markets

Hyperliquid, a decentralized perpetual futures exchange, has quietly overtaken Coinbase in total notional trading volume, marking a major shift in how crypto traders are choosing to trade.

Summary

  • Hyperliquid recorded about $2.6T in notional trading volume in 2025.
  • Coinbase posted roughly $1.4T over the same period.
  • The gap reflects rising demand for on-chain derivatives platforms.

According to data shared on Feb. 10 by on-chain analytics platform Artemis, Hyperliquid processed about $2.6 trillion in notional trading volume in 2025. Coinbase, one of the world’s largest centralized exchanges, recorded around $1.4 trillion over the same period.

Despite Hyperliquid (HYPE) launching only a few years ago and running entirely on-chain, the numbers show that it handled almost twice Coinbase’s trading volume. The milestone has drawn attention across the crypto industry, especially as decentralized platforms continue to challenge traditional exchanges.

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How hyperliquid built its lead

Hyperliquid primarily focuses on trading perpetual futures and derivatives on its proprietary Layer 1 blockchain. Active traders seeking quick execution, cheap fees, and direct access to on-chain liquidity have been drawn to it thanks to its focused approach. 

The platform grew quickly throughout 2025. Daily trading occasionally increased to close to $30 billion, while monthly volumes frequently reached hundreds of billions of dollars. The total value locked increased toward $6 billion, while open interest peaked at about $16 billion.

User growth also accelerated. The platform’s active user base grew from about 300,000 to more than 1.4 million in a year, driven largely by word-of-mouth and product performance rather than heavy marketing.

Fees collected on Hyperliquid are partly used for HYPE token buybacks and burns. This model has helped support long-term interest in the ecosystem. As of early 2026, HYPE is up roughly 31.7% on the year and continues to draw increasing attention from traders.

Coinbase operates very differently. Its higher fees, stricter compliance requirements, and fully centralized model for spot and derivatives trading still make it a key entry point for retail users. However, professional traders are increasingly turning their focus toward alternatives that offer more flexibility and lower costs.

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Coinbase stock is down about 27.0% so far this year, showing how much pressure traditional crypto companies are under in the current market slowdown.

What this shift means for crypto trading

The growing gap between Hyperliquid and Coinbase reflects a change in how users trade. On-chain platforms offer speed and transparency without requiring users to hand over custody, and more traders are getting comfortable using them.

With Hyperliquid, derivatives traders do not need to trust a central operator with their funds. Smart contracts are used to manage risk, and trades settle on-chain. Users who have been wary of exchanges in the past will find this appealing. 

At the same time, Hyperliquid has placed a strong emphasis on user experience. Its user interface is similar to that of large centralized platforms, which makes it easier for new users to get started. Its growth has largely been attributed to this combination of usability and decentralization.

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Momentum has also been boosted by recent developments. The platform is being used to test new products such as outcome-based contracts and limited-risk options. Notable industry figures, like Arthur Hayes, who recently increased the size of his own HYPE holdings, have also taken notice of it. 

But there are still issues. Competition in decentralized derivatives is increasing, and regulators are paying more attention to on-chain trading activity. Aster and Lighter, two rivals, are also expanding their product lines.

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ZachXBT Flags Phantom Chat Risk as 3.5 WBTC Is Stolen

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • New Phantom Chat feature expands wallet social tools while unresolved address poisoning risks remain active.
  • ZachXBT linked a recent 3.5 WBTC loss to spam transactions that copied trusted wallet address patterns.
  • Address poisoning exploits wallet history displays and can mislead users during routine transfers.
  • Social wallet features may increase exposure to scams if interface protections remain unchanged.

 

Phantom has announced plans to launch a new social feature called Phantom Chat in 2026. The update aims to transform the Solana wallet into a messaging and discussion hub. 

Soon after the reveal, security concerns surfaced about unresolved wallet vulnerabilities. The warnings focus on address poisoning and the risk of user fund losses.

Phantom Chat feature raises address poisoning concerns

Wu Blockchain reported that Phantom unveiled Phantom Chat as part of its long-term product roadmap. 

The wallet compared its vision to Telegram groups and X communities for crypto discussions. Mockup images showed emoji-based group chats designed for real-time interaction.

Phantom already introduced live chat features through its prediction markets integration with Kalshi in December 2025. The new roadmap suggests a broader move toward social tools inside the wallet. The platform currently serves more than 15 million users across its ecosystem.

On-chain investigator ZachXBT responded to the announcement, warning about unresolved address-poisoning risks. He stated that Phantom still does not filter spam transactions from user histories. This allows look-alike addresses to appear among legitimate transaction records.

According to ZachXBT, one user lost 3.5 WBTC last week after copying the wrong address from recent activity. 

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He traced the theft to a transaction created through spam records that mimicked the first characters of a trusted wallet address. He shared the wallet and transaction hashes publicly to document the incident.

Security risks emerge as Phantom expands wallet social tools

Address poisoning occurs when attackers send small transactions from deceptive addresses. These addresses resemble legitimate ones and appear in wallet histories. Users who copy them may unknowingly send funds to attackers.

ZachXBT argued that adding social features without fixing this issue could widen the attack surface. 

He warned that chat-based activity could increase exposure to malicious links and fake addresses. His comments focused on user interface design rather than blockchain flaws.

Phantom’s announcement attracted heavy engagement from memecoin promoters and trading communities. Replies included promotional messages tied to new tokens and groups. This activity highlighted the potential for spam to blend with legitimate discussions.

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Wu Blockchain noted that Phantom Chat positions the wallet as a crypto super app combining trading, social interaction, and market sentiment. The move follows a broader trend of wallets adding communication tools. 

Security researchers have stressed that transaction filtering and address verification remain essential for user protection.

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Ripple Expands Institutional Stack: Will XRP Price React?

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XRP Price Performance

Ripple has announced two new partnerships with Figment and Securosys to expand the capabilities of Ripple Custody, its institutional digital asset custody solution.

It is evident that Ripple is currently in an infrastructure arms race to perfect its payment, custody, and staking services for institutions. However, real-world adoption and price have yet to show signs of a breakthrough.

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Ripple Expands Custody Offering With Figment and Securosys Partnerships 

Ripple said the partnerships are designed to simplify procurement and support faster deployment of custody services for regulated institutions. The move comes shortly after Ripple expanded its custody stack through the acquisition of Palisade and the integration of Chainalysis’s compliance tools.

As part of the partnership with Figment, Ripple will introduce staking functionality. This will allow institutional clients to offer staking services without operating their own validator infrastructure. 

The integration is aimed at banks, custodians, and regulated entities seeking exposure to Proof-of-Stake networks while maintaining institutional security and governance standards.

Through Figment’s infrastructure, Ripple Custody clients will be able to support staking on major networks such as Ethereum (ETH) and Solana (SOL). 

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“By combining Ripple’s enterprise‑grade custody technology with Figment’s secure, non‑custodial staking platform, we’re giving regulated institutions a way to offer staking rewards to their customers on several blockchain networks,” Ben Spiegelman, VP – Head of Partnerships & Corporate Development at Figment, stated.

Separately, Ripple has partnered with Securosys to strengthen the security layer of Ripple Custody. The collaboration adds support for CyberVault HSM and CloudHSM. This gives institutions the option to deploy HSM-based custody either on premises or in the cloud.

According to Ripple, the Securosys integration is designed to address long-standing challenges around HSM adoption. This includes cost, complexity, and slow procurement processes. 

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Ripple also noted that the addition of Securosys expands the range of supported HSM providers on its custody platform. This provides greater flexibility for institutions operating across multiple regulatory environments.

“By integrating our CyberVault HSM with Ripple Custody, institutions gain an out-of-the-box, enterprise-grade solution that can be deployed quickly, without added complexity, while retaining full control over their cryptographic keys,” Robert Rogenmoser, CEO of Securosys, remarked.

Institutional Focus Fails to Lift XRP as On-Chain Activity Cools

As Ripple continues to strengthen its institutional infrastructure, on-chain metrics from the XRP Ledger indicate that adoption remains moderate. According to data from DeFiLlama, XRPL’s total value locked declined from around $80 million in early January to approximately $49.6 million at press time, reflecting softer DeFi activity on the network.

Stablecoin data points to a similarly gradual pace. Based on DeFiLlama figures, the total stablecoin market capitalization on XRPL stands at roughly $415.85 million, suggesting steady but limited growth.

That said, much of Ripple’s institutional strategy is centered on custody, settlement, and permissioned financial use cases, which may not always be reflected in traditional DeFi metrics such as TVL. 

Notably, so far, the expansion of institutional use cases has had a limited impact on XRP’s market performance. 

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XRP Price Performance
XRP Price Performance. Source: BeInCrypto Markets

The asset is down nearly 32% over the past month, broadly tracking the wider market downturn. At the time of writing, XRP was trading at $1.44, down 0.66% over the past day.

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Bitcoin, Ethereum, Crypto News & Price Indexes

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Bitcoin, Ethereum, Crypto News & Price Indexes

Ethereum co-founder Vitalik Buterin’s latest vision for Ethereum’s intersection with artificial intelligence sees the two working together to improve markets, financial safety and human agency.  

In an X post on Monday, Buterin said his broader vision for the future of artificial intelligence (AI) sees humans being empowered by AI, rather than replaced, though he said the shorter term involves much more “ordinary” ideas.

Buterin pointed to four key areas where Ethereum and AI could intersect in the near future: enabling trustless and/or private interactions with AI, Ethereum becoming an economic layer for AI-to-AI interactions, using AI to fulfill the “mountain man” ideal by verifying everything onchain and improving market and governance efficiency. 

Source: Vitalik Buterin

Buterin argued that new tooling and integrations are required for AI use to be truly private, without leaking data or revealing personal identities. 

Private data leaks by large language models (LLMs) have become an increasing area of concern since the rise of AI chatbots. Cointelegraph Magazine highlighted in an article last month that while ChatGPT can give you legal advice, your chat logs can be used against you in court.    

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He pointed to the need for tooling to support the use of LLMs locally on personal devices, utilizing zero-knowledge proofs to make API calls anonymously and improving cryptographic tech to verify work from AI, among other things. 

Buterin also envisions AI becoming a user’s middleman to the blockchain, suggesting that AI agents could verify and audit every transaction, interact with decentralized apps and suggest transactions to users. 

AI verification could be a major boon for crypto and other sectors, with increasingly sophisticated scammers on the rise. Address poisoning scams, just one attack vector, have seen a major uptick since December.

“Basically, take the vision that cypherpunk radicals have always dreamed of (don’t trust; verify everything), that has been nonviable in reality because humans are never actually going to verify all the code ourselves. Now, we can finally make that vision happen, with LLMs doing the hard part,” he said. 

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Adding to that, Buterin sees AI bots being able to “interact economically” to handle all onchain activity for users and make crypto much more accessible. 

He said bots could be deployed to hire each other, handle API calls and make security deposits. 

“Economies not for the sake of economies, but to enable more decentralized authority,” he said. 

Related: Bitcoin miner Cango sells $305M BTC to cut leverage and fund AI pivot

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Finally, Buterin thinks AI can enhance onchain governance and markets if LLMs are used to overcome the limits of human attention and decision-making capacity. 

He said that while things like prediction markets and decentralized governance are “all beautiful in theory,” they are ultimately hampered by “limits to human attention and decision-making power.”