Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading and toward becoming a full-service financial platform.

On Tuesday, Coinbase unveiled expanded stock and exchange-traded fund (ETF) trading through Coinbase Advanced, its platform for active traders, allowing US users to transfer existing portfolios from other brokerages directly onto the exchange. The update builds on the stock and ETF trading service Coinbase launched earlier this year, which initially provided access to roughly 6,000 securities.

The company is also offering zero-commission trading, TradingView charting tools, fractional shares and up to 3.5% rewards on eligible USDC (USDC) balances.

A Coinbase spokesperson told Cointelegraph that users will be able to physically transfer their holdings to the platform through the Automated Customer Account Transfer Service (ACATS), which enables securities and cash to move between brokerages without being sold.

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Screenshot from a Coinbase account. Source: Coinbase

The expansion positions Coinbase to compete more directly with traditional brokerages and fintech platforms such as Robinhood by allowing users to manage stocks, ETFs and cryptocurrencies from a single account rather than across multiple services.

Coinbase’s Tuesday announcement also revealed a broader expansion of its trading offerings, including crypto and stock options, thematic equity index perpetual futures, pre-IPO perpetuals and expanded prediction markets. While some features are available immediately, others will roll out over the coming months.

Related: Coinbase launches 24/7 stock perps for non-US traders

Coinbase expands as crypto trading revenues fluctuate

Coinbase’s continued expansion beyond crypto comes as competition in the online brokerage industry intensifies and the company looks to diversify revenue streams that have historically been tied to digital asset markets.

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The company’s financial performance has often tracked crypto price cycles. For example, Coinbase reported stronger-than-expected fourth-quarter 2024 earnings, with a post-election rally fueling a 130% jump in revenue. 

More recently, however, it posted a surprise loss in the first quarter of 2026 as weaker cryptocurrency prices weighed on trading activity. The company reported a loss of $1.49 per share on $1.41 billion in revenue, missing analysts’ expectations for earnings of 27 cents per share on $1.52 billion in revenue.

A summary of Coinbase’s Q1 2026 earnings. Source: Coinbase

Although spot crypto trading remains Coinbase’s primary source of revenue, expanding into stocks, ETFs and other financial products could help reduce its dependence on the volatility of digital asset markets.

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Related: Exodus launches tokenized stock marketplace with Ondo, adds 200-plus onchain equities

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Ethereum has staged an impressive recovery from the $1.5K support region, but the latest rally is now approaching a critical inflection point. The market is testing a major supply zone that could determine whether the rebound extends toward higher resistance levels or transitions into another period of consolidation.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH remains within a broader descending channel and continues to trade below the 100-day and 200-day moving averages. However, the recent price action has been constructive, with buyers successfully defending the $1.5K support zone and driving a strong recovery toward the $1.8K area.

The most important resistance now sits between $2K and $2.15K. This higher-timeframe supply zone coincides with the descending channel resistance and the 100-day moving average, making it a significant obstacle for bulls. A successful push into this area would likely attract increased selling pressure and serve as the next major test of market strength.

For now, the rebound remains intact as long as ETH continues to hold above the $1.5K support region. The recent higher low also suggests that buyers are gradually regaining control after the prolonged corrective phase.

ETH/USDT 4-Hour Chart

On the 4-hour timeframe, ETH recently rallied into the $1.83K resistance region, which aligns with the 0.5 Fibonacci retracement level at $1.83K and the highlighted decision zone between roughly $1.82K and $1.88K.

This area has already produced a reaction, with price pulling back after tapping the lower boundary of the supply zone. The current correction is therefore a crucial test of demand. If buyers manage to defend the $1.75K to $1.8K area and establish a higher low, another attempt toward the 0.618 Fibonacci level at $1.9K becomes increasingly likely.

A breakout above $1.9K could then expose the 0.702 and 0.786 retracement levels at $1.96K and $2.01K, respectively. On the other hand, failure to hold the recent breakout structure would increase the probability of a deeper retracement before the uptrend can continue.

Sentiment Analysis

The funding rate chart provides an interesting perspective on market sentiment. Funding rates recently turned deeply negative as ETH approached the $1.5K region, indicating that short positioning became crowded during the decline.

Historically, similar periods of strongly negative funding have coincided with local bottoms, as excessive bearish positioning often creates the conditions for short squeezes and relief rallies. The current setup appears to be following a comparable pattern, with ETH recovering sharply after funding rates reached extreme negative territory.

More importantly, funding has now returned to positive levels while remaining far below the euphoric readings seen during previous major rallies. This suggests that leverage is gradually rebuilding, but speculative excess has not yet reached concerning levels.

As a result, the funding data continues to support the possibility of additional upside toward the $1.9K to $2K resistance region, although the market is now entering a key supply area where profit-taking and renewed selling pressure could emerge.

The post Ethereum Price Analysis: ETH’s Recovery Hinges on This Level as Bulls Aim for $2K appeared first on CryptoPotato.

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TLDR:

• Binance says its MiCA application remains unresolved despite months of regulatory engagement in Europe.
• The exchange expects to provide users with another update on its licensing efforts before June 30.
• Binance states Greece’s market regulator completed its review of the MiCA application process.
• The company says Europe remains central to its strategy despite the ongoing licensing uncertainty.

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Binance’s effort to secure a Markets in Crypto-Assets (MiCA) license in Europe has entered a period of uncertainty, with the exchange signaling that its application remains under review despite months of engagement with regulators. 

The company said it remains committed to operating within the European Union’s regulatory framework and plans to provide another update before June 30.

The development comes as MiCA continues to reshape the region’s crypto market by introducing a unified licensing regime. Binance stated that its focus remains on minimizing disruption for users while it evaluates available options.

Binance MiCA License Process Remains Unresolved

Binance disclosed the latest status of its application in a public update shared on June 16. The exchange said it submitted a full MiCA application and worked with Greece’s Hellenic Capital Market Commission throughout the review process.

According to Binance, the Hellenic Capital Market Commission completed its assessment and viewed the application as compliant with MiCA requirements. The company also indicated that the application later underwent review at the European Securities and Markets Authority level.

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The exchange did not provide details on any outstanding issues. However, it confirmed that additional information regarding next steps will arrive before the end of June.

Binance described Europe as a key market within its long-term strategy. The company said it remains ready to operate under what it called a fair and harmonized MiCA framework across the European Union.

The update follows a broader compliance push by the exchange. Binance reported that it now employs more than 1,500 compliance personnel worldwide and has expanded its regulatory infrastructure over the past two years.

Binance Highlights Europe Strategy and Regulatory Engagement

In its statement, Binance pointed to several compliance milestones achieved during its transformation efforts. The company said it became the first crypto exchange to obtain a comprehensive set of licenses under the Abu Dhabi Global Market framework.

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Binance also reported preventing nearly $7 billion in potential fraud losses through enhanced monitoring systems and controls. The exchange linked those efforts to its broader regulatory strategy across multiple jurisdictions.

The company stressed that it respects the role of European regulators and intends to continue engaging with authorities across the region. Binance said clear rules remain essential for both consumer protection and business certainty.

The exchange warned that prolonged delays in its MiCA pathway could affect competition within Europe’s crypto sector. According to Binance, reduced competition could influence liquidity, user choice, investment activity, and industry growth across the region.

For now, Binance said its immediate priority remains supporting existing users and ensuring an orderly process while regulatory discussions continue. The company added that it will communicate directly with customers as more information becomes available before the June 30 update window.

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Meme coins have been on a bad run since they peaked in 2024, with data from CryptoRank showing they’ve collectively lost more than $110 billion from then to now.

According to the data, this year alone, the sector has dipped 31%, taking its combined value to around $24.5 billion, with repeated attempts at recovery barely holding.

Meme Coin Market Struggles to Recover From 2024 Peak

At its height in 2024, the joke token market stood at $135 billion, but what came after that was a lengthy unwind that no single bounce has been able to really make any dent on, resulting in meme coin traders giving back the vast majority of gains they had accumulated since then. This was confirmed by CryptoRank analysts, who wrote in a post on X:

“Despite several rebounds throughout 2025, the meme coin market has been unable to regain the momentum of the previous cycle.”

Dogecoin (DOGE) is still the biggest player in the space, with a market cap of around $13.7 billion that also puts it just outside the top ten in the broader crypto market. However, per information from CryptoRank, it has fallen 20.5% in the last 30 days alone, with the second largest, Shiba Inu (SHIB), down almost 14% to take its overall value to about $3 billion. The other big name here is PEPE, worth approximately $1.25 billion all told, after slumping by over 21% in one month and 74% in 12.

Further down the list, coins like Bonk, Fartcoin, and dogwifhat (WIF) have lost between 15% and 30% across four weeks, while Official Trump (TRUMP) is in the red by 12.2% and was trading below $2 at the time of writing. Among them, the one that has lost the least in one year is Bonk at 69%, and the worst hit is Fartcoin at just over 89%, although it has had one of the better 24 hours, gaining nearly 5% since yesterday.

However, the story isn’t the same everywhere, as some meme tokens, like Kintara (KINS) and the so-called Original Doge (OGDOGE), have skyrocketed by 2,664% and 1,765%, respectively, over 30 days, although they are both way smaller than the sector’s leading names, with their combined market caps barely scratching $20 million.

Dogecoin Is the Meme Coin Bellweather

Of the $24.5 billion that CryptoRank says the meme coin sector is currently valued at, DOGE’s $13.7 billion accounts for over half of that. And even though it’s lost over 50% of its price from one year ago, per CoinGecko data, that has not stopped some analysts from making a case for it.

According to Alphractal, the king meme coin has been trading near a level that has historically been followed by big price gains, with the crypto market intelligence provider saying the current market mood is unusually pessimistic:

“The market is reading DOGE as a dead meme. The chart is reading it as a coiled spring.”

The post Data: Meme Coins Have Lost Nearly 82% of Their Value Since 2024 appeared first on CryptoPotato.

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News coming from Forward Industries (NASDAQ: FWDI), the largest publicly traded Solana treasury company by SOL holdings, as they proposed all-stock acquisitions to three rival firms. They were rejected or ignored by all of them, a complete shutout that makes the company’s consolidation thesis look considerably harder to execute than management had signaled.

The outcome leaves Forward sitting on more than 7 million SOL purchased at an average well above current market prices, with no external growth to show for its M&A push.

The three targets were Solana Company (NASDAQ: HSDT), Brera Holdings (NASDAQ: SLMT), and SkyAI (NASDAQ: SKYA), formerly known as Sharps Technology.

Each holds its own SOL treasury, and each is now independently listed after declining to accept FWDI equity as consideration.

In crypto M&A terms, Forward offered HSDT shareholders 0.386 FWDI shares per HSDT share, implying roughly $1.63 per share, a 10% premium to HSDT’s prior close.

SLMT holders were offered 1.54 FWDI shares per share, implying $7.19 and a 30.7% premium to Brera’s 10-day VWAP. SKYA was offered 0.367 FWDI shares per share at an implied $1.55, a 20% premium to its prior close of $1.29.

Brera’s board rejected the offer on June 6, stating the proposal was not in the company’s best interest. Solana Company’s board voted to decline around June 12 and chose not to engage in further discussion. SkyAI simply did not respond before the June 12 expiration date.

“We are disappointed and surprised that the HSDT board has chosen to reject Forward’s offer without any discussion or communication. We believe that opening up a dialogue is in the best interest of both companies and their respective shareholders.”

Forward issued that statement regarding the Solana Company rejection, adding that “the current market environment necessitates cooperation and strategic action to deliver on promises made to our shareholders.”

Discover: The Best Crypto to Diversify Your Portfolio

Solana News: The Arithmetic Behind the Rejections

Forward acquired nearly 7 million SOL last year for approximately $1.6 billion, with an average entry of around $232 per token.

With SOL trading near $75 on Monday, that position carries more than $1 billion in unrealized losses. The all-stock structure of each bid means target shareholders would receive FWDI equity, which is itself a leveraged proxy on a deeply underwater SOL position.

Solana (SOL)

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That context almost certainly explains why three separate boards declined without negotiating. Accepting FWDI shares means inheriting that loss overhang through diluted equity rather than a clean SOL holding.

The dynamic is not unlike the pressure Strategy has navigated with its Bitcoin treasury, where large unrealized losses compress the equity premium and make stock-based acquisitions a harder sell.

Forward’s $4 billion at-the-market offering program gives it capital firepower to continue accumulating SOL directly, but it does not resolve the governance friction that made every target walk away from these proposals.

The Solana DAT micro-sector now holds roughly 16.2 million SOL across approximately six public companies, with Forward’s ~7 million well ahead of rivals like Upexi (~2.4 million SOL) and the HSDT and SKYA treasuries in the 2.0–2.3 million SOL range.

Forward’s pitch was effectively to consolidate that fragmented exposure into a single, dominant entity, a quasi-ETF proxy for institutional equity investors who want SOL exposure through a listed vehicle.

The targets have so far decided they are worth more independence. That calculus could shift if SOL rallies substantially from current levels and narrows Forward’s unrealized loss, but at $75, the argument is a difficult one to make in a boardroom

Monday’s Rally Lifted All Four Stocks Simultaneously

The rejection news landed alongside a broad market move driven by a U.S.-Iran peace deal announcement that pushed risk assets higher across the board.

SOL gained nearly 11% in 24 hours to trade around $75, lifting every stock in the Solana treasury complex.

FWDI jumped more than 14% to $4.89. SKYA surged 14%, HSDT gained nearly 12%, and SLMT rose more than 7% to $4.71.

The symmetrical move is its own signal: when the macro catalyst is large enough, all four tickers move together regardless of deal status, which partly undermines Forward’s consolidation rationale in the first place.

The broader trend of crypto treasury equities creating idiosyncratic risk for public companies is playing out across multiple tokens, AVAX treasury vehicle AVAT has demonstrated similar price volatility dynamics since its Nasdaq debut, underscoring how concentrated single-token treasury exposure translates directly into equity price swings.

Discover: The Best Token Presales

The post Solana News: Forward Industries Struck Out on All Three Solana Acquisition Bids appeared first on Cryptonews.

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Humanity Protocol has announced a full token migration and 1:1 airdrop of a new H token, the project's first concrete step to compensate holders after the $36 million exploit on June 8. The team posted the recovery plan on X on Monday. It confirmed that the former H token on Ethereum, BNB Chain,… Read the full story at The Defiant

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Tether (USDT) in Venezuela has risen about 16% against the bolivar over the past 30 days, climbing from near 690 bolivars to a high of 810 on Binance peer-to-peer markets.

The move tracks a fast expansion of bolivars in circulation. Meanwhile, access to physical cash through official banks continues to shrink.

USDT Climbs 16% in Venezuela as Bolivar Liquidity Tops 2 Trillion

Venezuela’s monetary liquidity surpassed 2.11 trillion bolivars ($3.58 billion) by late May, according to central bank data. The measure expanded by about 69% in the first quarter alone.

Since January, the money supply has more than doubled.

The acceleration reflects a widening mismatch between the supply of traditional foreign currency and a growing demand from citizens seeking to protect savings.

As more bolivars chase scarce hard currency, residents are turning to stablecoins as digital dollars to preserve value.

The rate climbed steadily through mid-June before slipping back from its peak.

Banks Ration Dollars as Demand Climbs

Official channels cannot keep up with the jump in demand. Central bank interventions and commercial bank exchange desks have proved insufficient, analysts say.

Banks often shut down their automated dollar systems once their assigned quotas are exhausted, leaving businesses and citizens unable to buy at traditional desks.

Tighter access through formal channels leaves households and firms with few options.

Excluded from official desks, users migrate to P2P platforms, where USDT now trades as the world’s retail stablecoin.

That shift mirrors a broader crypto adoption trend across high-inflation economies.

USDT Sets the Street Price

Analyst Hever Castro points out that the gap now shapes everyday commerce. Merchants in Caracas markets such as La Hoyada, El Cementerio, and Catia use the USDT rate to restock inventory, with some quoting up to 1,200 bolivars per dollar.

“What’s happening today is a typical déjà vu of Chavismo, the parallel rate (USDT) skyrocketing to 810 Bs with no brakes, the monetary liquidity out of control at 2.11 trillion bolivars. The BCV’s intervention was a joke, many couldn’t buy and ended up on Binance,” the analyst stated.

The token has served as a de facto dollar in Venezuela for years amid chronic inflation.

The token itself stays pegged near parity, and its steady USDT market cap growth reinforces its role as a dollar proxy.

Globally, USDT trades near $1, with a market cap above $186 billion, ranking it third among all crypto assets.

Only on Binance, the country’s dominant P2P venue, did the rate briefly clear 810 before easing to about 794, according to tracker data.

The spread between official and P2P rates rarely closes while the money supply keeps growing. Fresh central bank interventions slowing the climb may become clearer in the weeks ahead.

The post Venezuela Bolivar Crisis Sends USDT Demand Soaring on Binance P2P appeared first on BeInCrypto.

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The US Department of Justice asked a federal court to dismiss a Clean Air Act lawsuit against xAI, arguing that shutting the company’s gas turbines would threaten national security.

The filing ties xAI’s Colossus 2 data center to active military operations. It turns a local pollution dispute into a test of how far Washington will go to shield large private AI infrastructure.

A Pollution Fight Over xAI’s Turbines

The National Association for the Advancement of Colored People (NAACP) sued xAI in April under the Clean Air Act.

The complaint says the company ran 27 gas turbines without proper permits to power its Colossus 2 data center near Memphis, Tennessee.

The turbines sit in Southaven, Mississippi, just across the state line. xAI argues the units are temporary and trailer mounted, a reading state regulators first accepted before granting a permit in March.

This is the second such fight. At the original Colossus site in South Memphis, xAI ran as many as 35 unpermitted turbines, then cut the count and licensed 15 after legal pressure in 2025.

Environmental lawyers say the Southaven plant can emit more than 1,700 tons of smog-forming nitrogen oxides a year, plus fine particulate matter and carcinogenic formaldehyde.

They warn that the burden falls on majority-Black neighborhoods already living with poor air quality, and they want the court to halt operations and impose penalties.

The National Security Argument

On Monday, the Justice Department intervened and joined xAI and the state of Mississippi in seeking dismissal. The filing says halting the turbines would threaten American national, economic, and energy security.

Cameron Stanley, the Defense Department’s chief digital and AI officer, submitted a declaration stating that the Grok AI model is one of only four cleared for Secret and Top Secret networks.

He tied it to recent US military operations, including strikes against Iran.

The move fits the Trump administration’s stated policy of sustaining American dominance in AI. Officials have pushed to speed data center buildout as power demand from large models climbs.

Critics see a risky precedent. They argue that labeling private infrastructure a national security asset could let other AI firms sidestep environmental and local rules. Supporters counter that regulatory delays would cede ground to China.

What It Means for SpaceX and SPCX Stock

The case reaches beyond xAI. SpaceX absorbed xAI in February in an all-stock deal worth about $1.25 trillion, the largest merger on record.

That folded Grok, the Colossus data centers, and the turbines into one company, making the DOJ position directly relevant to SpaceX.

Federal support reinforces its defense and AI standing weeks after a record public debut. SpaceX raised roughly $75 billion in the largest IPO ever and priced near $1.77 trillion.

The intervention could feed bullish sentiment around SPCX, which has traded sharply above its IPO open price of $150.

The risks have not vanished.

SpaceX still faces a separate nuisance suit over the same site, and the core environmental claims remain unresolved. A preliminary injunction hearing is reportedly set for August, leaving the final outcome open.

The post DOJ Backs xAI in Pollution Lawsuit, Raising Stakes for SpaceX Shares appeared first on BeInCrypto.

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