Base

Coinbase is building an international tokenization hub in Abu Dhabi after receiving permission from the Abu Dhabi Global Market regulator. The move gives the exchange a regulated base to offer tokenized securities backed by underlying shares outside the U.S.

Coinbase shares fell in after-hours trading after the crypto platform reported second-quarter revenue below Wall Street expectations. Weak digital asset trading, lower transaction revenue and pressure on subscription and services revenue kept investor attention on the company’s push beyond spot trading fees.

Ethereum remains central to decentralized finance, but the rapid growth of perpetual futures has shifted much trading activity toward faster venues such as Hyperliquid, Solana, Arbitrum and Base. Market participants increasingly frame Ethereum less as the main execution venue for high speed perps and more as a settlement, collateral and liquidity foundation for onchain markets.

Coinbase CEO Brian Armstrong pushed back on crypto companies that abandon blockchain branding to reposition around artificial intelligence. He argued that crypto infrastructure could become a key foundation for autonomous software agents, while critics warn that machine-speed money still needs stronger safeguards.

Ripple is expanding the institutional infrastructure around RLUSD with a new automated minting platform and a compliance network integration through Notabene. The moves come as RLUSD holder activity improves, even as monthly transfer volume falls about 25% to roughly $11 billion.

Mubadala Capital has launched a tokenized version of a private markets strategy for qualified investors using KAIO infrastructure. The fund is live across Base, Solana and Sui, has attracted about $75 million in onchain assets, and has drawn balance sheet exposure from Coinbase.

Robinhood Chain has quickly drawn attention after a sharp burst of decentralized exchange activity, but early usage remains concentrated in memecoin speculation. The company’s bigger ambition is to bring millions of retail users into tokenized assets, onchain lending and derivatives through a familiar consumer wallet experience.

Coinbase’s Jesse Pollak is stepping back from leading the Base app after acknowledging that his onchain social strategy did not produce the adoption wave he expected. Jordan Fish, known on X as Cobie, will now oversee the Base app as Pollak refocuses on positioning Base as blockchain infrastructure for global finance.

Large bitcoin holders accumulated more than 270,000 BTC over the past two weeks even as U.S. spot bitcoin ETFs posted record June outflows. The split between whale accumulation and institutional selling has drawn attention because similar divergences have appeared near past cycle lows.

Coinbase-backed Base has resumed operations after a roughly two-hour outage that disrupted block production and transaction processing. The team says an invalid block caused the issue and investigations are ongoing.

Aerodrome is introducing Predictive Allocation, a real-time mechanism that shifts liquidity incentives toward pools expected to see future demand. The upgrade is designed to make DeFi markets more efficient while broadening Aerodrome’s ambitions beyond Base.

A Base team member refutes claims that Coinbase’s sequencer has been selling ETH, stating that Coinbase has actually accumulated over $300 million in ETH.