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Coinbase Unveils Platform for Early Access to New Digital Tokens

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Coinbase Global has announced the launch of a new token sales platform that will give retail investors the opportunity to purchase digital tokens before they are listed on the exchange — marking the first major public token sale opportunity for U.S. users since 2018.

The company’s shares rose about 4% in morning trading following the announcement, reflecting growing optimism over Coinbase’s efforts to tap into the multi-trillion-dollar digital asset market.

The new platform will host around one token sale per month, using an algorithm-based allocation system to determine how tokens are distributed among investors. Buyers will have a one-week window to submit their purchase requests.

“Token issuers coming to market today struggle to get their tokens into the hands of real users while building deep exchange liquidity. Coinbase is changing that,” the exchange said in a company blog post.

Investors will be able to pay for purchases in USD Coin (USDC), a dollar-pegged stablecoin issued by Circle Internet Group, according to the Wall Street Journal, which first reported the launch.

The first project to debut on the platform will be Monad, a blockchain startup that plans to hold its token sale next week. Coinbase said additional features such as limit orders and larger allocations for target user bases will be introduced in the coming months.

The move comes as interest from both retail and institutional investors in digital assets continues to grow, driving major exchanges like Coinbase to expand their product offerings and reclaim ground from global competitors.

Crypto Market Update: Bitcoin, Ether Decline as Volatility Hits Altcoins

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The cryptocurrency market saw a downturn on Monday, February 24, as Bitcoin and most altcoins registered losses across both national and international exchanges. Bitcoin’s value dipped by 1.20 percent over the past 24 hours on global platforms, bringing its price to $95,630 (roughly Rs. 82.8 lakh). Meanwhile, on Indian exchanges like CoinDCX and CoinSwitch, Bitcoin experienced a smaller decline of under one percent, hovering around $96,984 (roughly Rs. 84 lakh).

Over the weekend, Bitcoin briefly approached the $100,000 (roughly Rs. 86.6 lakh) mark before experiencing a correction, dropping below $95,000 (roughly Rs. 82.3 lakh). The decline was partly triggered by a massive $1.4 billion (roughly Rs. 12,131 crore) crypto hack on Friday, which led to significant withdrawals from investors. This incident affected the broader crypto market, causing notable losses in altcoins like Ethereum (ETH), XRP, and Solana. Analysts believe Bitcoin could experience further volatility if it falls below the crucial $94,000 (roughly Rs. 81.4 lakh) support level in the coming days.

Ethereum (ETH), the second-largest cryptocurrency, also faced a decline, dropping by one percent in the last 24 hours. On global exchanges, Ether is currently trading at $2,732 (roughly Rs. 2.33 lakh), while its price on Indian exchanges stands at around $2,757 (roughly Rs. 2.38 lakh). This downtrend in ETH, coupled with Bitcoin’s losses, suggests a cautious market sentiment as traders react to recent security concerns and market corrections.

With increased market volatility and external factors influencing investor behavior, experts advise caution in the short term. While Bitcoin’s ability to hold above key support levels will determine its next movement, the broader market remains under pressure. The upcoming days will be crucial in assessing whether a recovery is imminent or if further corrections are expected across major cryptocurrencies.

Bitcoin Drops to $94,000 Amid 9% Market Decline After Trump’s New Tariff Decisions

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Bitcoin Drops to $94,000 as Tariff Decisions Trigger Market Slump

Over the weekend, the cryptocurrency market saw a sharp increase in volatility following U.S. President Donald Trump’s announcement of new tariffs on imports from China, Mexico, and Canada. On Monday, February 3, Bitcoin experienced its most significant price drop in months, with the world’s leading cryptocurrency losing almost 7% of its value. According to CoinMarketCap, Bitcoin fell to $94,303 (approximately Rs. 82 lakh), down from its previous price of $104,002 (roughly Rs. 90.1 lakh) before the tariff decision. On Indian exchanges like BuyUcoin, BTC saw a smaller drop of around 5%, trading at $101,116 (roughly Rs. 88 lakh).

Ether Faces Even Bigger Losses

Ether, the second-largest cryptocurrency by market cap, faced even steeper declines than Bitcoin. On international platforms, ETH dropped by 19.51%, bringing its price down to $2,497 (around Rs. 2.17 lakh). Indian exchanges followed a similar trend, with Ether trading at $2,750 (roughly Rs. 23.9 lakh). The dramatic drop in Ethereum’s value underscores the broader market concerns, where macroeconomic factors are playing an increasingly influential role in digital asset valuations.

Market Reactions to Trump’s Tariff Decisions

The announcement of new tariffs set off a chain reaction in global markets, spilling over into the crypto space. Avinash Shekhar, co-founder of Pi42, explained that the performance of digital assets is heavily impacted by broader macroeconomic trends and investor sentiment. “The imposition of tariffs on Canada, Mexico, and China led to nearly $2 billion (roughly Rs. 17,425 crore) in liquidations across the crypto market, causing a widespread slump,” Shekhar stated. The market’s reaction highlights how sensitive cryptocurrencies are to political decisions, especially in the context of global trade tensions.

A Bleak Outlook for Crypto Assets

As global markets adjust to the implications of new tariffs, the outlook for cryptocurrencies remains uncertain. The price fluctuations of Bitcoin and Ether reflect the broader economic climate, where the confidence of investors is deeply influenced by geopolitical developments. The recent price drops have left many wondering whether this trend will continue, especially if other international policies contribute to ongoing instability in the market. For now, investors will need to navigate a landscape where digital assets remain highly volatile, with external factors continuing to play a significant role in their valuation.