Coinbase Wants to Tokenize Its Stock

5. Coinbase Wants to Tokenize Its Stock

When Coinbase $COIN first tried to go public all the way back in 2020, they tried to do something that had never been done before… they wanted to go public by tokenizing their stock. Ultimately, the initiative failed due to regulatory hurdles. But with a crypto-friendly administration now in the White House, Coinbase's CFO Alesia Haas stated the company has begun "to reengage those conversations with the SEC's task force…"

4. Trump’s Crypto Project Buys Tokens Before White House Summit

Mere days ahead of the White House Crypto Summit, a wallet belonging to Trump’s World Liberty Financial added $10.1 million of ETH $ETH.X, $9.9 million of WBTC $WBTC.X, and $1.68 million of MOVE.

3. World Liberty Financial Also Inks Deal With Sui

In a hypey, buzzword-filled press release, the Sui Foundation announced they will collaborate with Trump’s World Liberty Financial to “explore product development opportunities.” $SUI.X ( ▼ 2.02% ) is up more than 18% over the past 24 hours.

2. Core Scientific Stock Plummets

Bear with us here…

1. Cloud computing firm CoreWeave provides Microsoft with computing capacity from data centers.

2. This week, CoreWeave also filed for an IPO at a $35 billion valuation.

3. Today, Microsoft, which represents more than 60% of CoreWeave’s revenue walked away from some of its commitments with CoreWeave.

4. Bitcoin miner Core Scientific is a close partner of CoreWeave

5. Therefore, Core Scientific’s $CORZ ( ▲ 0.3% ) stock is plummeting

1. Who’s going to the crypto summit in DC?

Crypto investors are in wait-and-see mode ahead of tomorrow's White House crypto summit. Reportedly, 25 people will be in attendance. Here’s who we know so far.