U.S. crypto, financial markets and economic policy: the latest reporting from The Token Press.
Coinbase CEO Brian Armstrong said the new futures index is part of building an “everything exchange,” tied to the firm’s broader “everything app” strategy. In July, Coinbase rebranded its wallet as the Base app, aiming to merge trading, payments, social media, and messaging in one platform.
Ethereum co-founder Joseph Lubin predicts that Ether will eventually surpass Bitcoin as the global “monetary base,” fueled by Wall Street’s adoption of staking, DeFi, and tokenization. He calls ETH the “highest octane decentralized trust commodity,” arguing its potential is far greater than most forecasts. Institutional clients are already allocating treasury assets to ETH, while stablecoin supply on Ethereum has surged past $160 billion, doubling since January 2024. Though Bitcoin still dominates as a store of value, Ethereum’s programmability and rapid ecosystem growth could accelerate the long-awaited “flippening.”