Crypto's Utility No Longer a Future Promise
Crypto's Utility No Longer a Future Promise
🤯 Crypto's Here, No Longer Promises
According to the tweet, the cryptocurrency industry has been working for over five years to build the infrastructure to update the financial system. The tweet states that the use cases for cryptocurrencies are no longer just future promises, but are already a reality. It also mentions that Brian Armstrong, presumably a prominent figure in the crypto space, will provide more information on the utility of cryptocurrencies at an upcoming #UpdateTheSystem Summit.
For 5+ years, the industry's been hard at work building the infrastructure to update the financial system. Today, the use cases for crypto are no longer future promises. They're already here. → coinbase.com/blog/what-is-c…
🌉 Bridge Built
A new bridge has been constructed connecting **Solana** and **Base** networks. This cross-chain infrastructure enables users to transfer assets between the two blockchain ecosystems. - Connects Solana's high-speed network with Base's Layer 2 solution - Facilitates interoperability between different blockchain protocols - Expands accessibility for users across both platforms The bridge represents continued development in cross-chain connectivity solutions.
Coinbase One Expands Onchain Rewards Program
**Coinbase One members have collectively earned over $1 million in onchain rewards**, marking a significant milestone for the subscription service's blockchain benefits program. **Five new partner deals** have been added to boost member earnings and savings: - **OpenSea** - NFT marketplace benefits - **Toshi** - Base network social platform - **Euler Finance** - DeFi lending protocol - **Venice** - AI and crypto services - **Sleap** - Sleep-to-earn platform The program offers **exclusive onchain deals** when members connect a wallet to their Coinbase One membership, with partnerships spanning trading, social, DeFi, and NFT applications. Members can access **lower fees and boosted rewards** across various protocols, while dapps can apply to offer their own benefits through the program. [View full list of onchain deals](https://www.coinbase.com/blog/The-next-wave-of-Coinbase-One-onchain-benefits)
CLARITY Act Advances to Senate After House Passage
The **CLARITY Act** has successfully passed the House of Representatives and now awaits Senate consideration. This legislation aims to **protect Americans' right to own cryptocurrency** and provide regulatory clarity for the digital asset industry. **Key developments:** - House approval marks significant legislative milestone - Senate vote now critical for final passage - Advocacy groups urging public engagement The Stand With Crypto coalition is mobilizing supporters to contact their senators and advocate for the bill's passage. **Take action:** Visit [Stand With Crypto](https://www.standwithcrypto.org/c/clarity-house) to contact your senator and voice support for crypto ownership rights.
World Cup Collectibles Go Onchain with USDC Payment Option
**World Cup collectibles are now available for purchase onchain**, offering fans a new way to buy digital memorabilia using cryptocurrency. Two payment options are available: - Traditional payment methods (described as "old and slow") - **USDC cryptocurrency payments** (positioned as "new and fast") The announcement encourages users to **choose USDC** for their purchases, highlighting the speed advantages of crypto payments over traditional methods. **Call to Action**: Supporters are urged to contact their Senators to vote YES on crypto-friendly legislation through the Stand with Crypto campaign at [standwithcrypto.org](https://www.standwithcrypto.org/c/clarity-house).
Coinbase Launches Dedicated Markets Account
Coinbase has launched **@CoinbaseMarkets** as their new dedicated account for all exchange listings and market insights. The move consolidates all listing announcements into a single channel as part of Coinbase's strategy to build what they call "the everything exchange." - All future Coinbase listings will be announced through this new account - Market insights and updates will be centralized in one location - Users are encouraged to follow the new account for real-time updates This change streamlines how traders and investors receive information about new token listings and market developments on the platform. [Read more about the change](https://www.coinbase.com/blog/Coinbase-Markets-on-X-Your-New-Home-for-All-Listings)