Coinbase unveiled a developer-focused wallet that automatically activates 4.1% rewards on USDC balances.

Called Coinbase Developer Platform (CDP) Embedded Wallets, the product is part of and is aimed at giving builders the same secure, scalable infrastructure that powers millions of Coinbase accounts, according to an August 5 announcement.

CDP Embedded Wallets support Ethereum Virtual Machine (EVM)-compatible chains and Solana, pairing “web2-style” logins via email, SMS, and OAuth with self-custody. 

Keys are secured in trusted execution environments (TEEs), while developers can define policies and plug into a unified toolkit for onramps, swaps, transfers, balances, staking, and rewards. 

Coinbase says developers can create brandable wallets in under 200ms, then monetize idle balances via the native 4.1% USDC rewards.

Early use cases include remittances, payment links, DeFi marketplaces, B2B payroll, creator payouts, and gaming with on-chain assets and free USDC sends on Base.

As part of the beta, Coinbase Onramp customers can use Embedded Wallets at no cost through September 30.

US stablecoin clarity propels movement

Coinbase ties the launch to fresh US policy momentum on stablecoins. The GENIUS Act cleared the House on July 17. It was signed into law on July 18, establishing the first federal framework for dollar-backed stablecoins and signaling regulatory support for “faster, cheaper” payments. 

The House also passed the CLARITY Act the same day, sending it to the Senate. The CLARITY Act would create a regulatory regime for digital assets other than stablecoins and give the CFTC sole authority over transactions in digital commodities.

With that backdrop, Coinbase says developers are moving quickly to build on stablecoin-native rails, and the wallet’s auto-rewarding USDC feature is positioned to ride that shift.

Coinbase frames CDP Embedded Wallets as a way to cut integration overhead, replacing stitched-together APIs with a single stack while keeping users in a non-custodial flow.

For builders, the proposition offers a faster path to market, complete with familiar logins, end-to-end onboarding, and built-in yield on idle USDC.

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ProShares launched two exchange-traded funds (ETFs) that seek to deliver 2x returns on the daily price movement of Solana (SOL) and XRP, adding leveraged exposure to the firm’s expanding roster of crypto-linked products, according to a July 15 announcement.

The ProShares Ultra Solana ETF (SLON) targets 200% of Solana’s daily performance, while the ProShares Ultra XRP ETF (UXRP) aims for the same leverage on XRP. 

Both funds track futures contracts rather than holding the underlying tokens, mirroring the structure ProShares uses for its Bitcoin and Ethereum offerings. 

CEO Michael Sapir said the new ETFs provide traders with a way to “overcome the challenges of acquiring leveraged exposure” to two blockchains that investors frequently cite for high-throughput payments and decentralized applications. 

He added that the broader adoption of Solana and XRP encouraged ProShares to extend its suite beyond Bitcoin (BTC) and Ethereum (ETH).

Broader leveraged crypto ETF line

Leveraged crypto ETFs require investors to manage their positions actively because the products reset exposure daily. Gains compound during strong single‑direction moves, but losses magnify just as quickly when prices reverse. 

ProShares warned in the prospectus that SLON and UXRP are suitable for experienced market participants who understand the mechanics of daily leverage and the potential for erosion in volatile markets. The funds charge management fees in line with the firm’s previous 2x funds.

ProShares broke ground in October 2021 with BITO, the first US Bitcoin futures‑linked ETF, and followed with BITI, the first inverse Bitcoin ETF. Last year, the firm listed EETH, the first ETF tied to Ethereum futures, and SETH, an inverse Ethereum fund. 

Including SLON and UXRP, ProShares now offers 12 crypto-linked ETFs and three crypto-linked mutual funds, with over $1.5 billion spread across its leveraged lineup. 

The company reiterated that none of its funds invest directly in digital assets. Instead, they hold cash‑settled futures traded on regulated exchanges.

Competitors have filed for products that track other digital asset pairs. However, regulatory clearance remains limited to futures-based structures that avoid direct custody issues.

ProShares said it will continue to evaluate demand for additional leveraged or inverse exposure as market infrastructure matures and regulatory guidance evolves.

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Pump.fun’s PUMP token opened at a fully diluted valuation (FDV) of roughly $5.6 billion on July 14 and fell 7.3% within the first three hours of trading, according to DEX Screener data. 

The Solana-based coin changed hands at approximately $0.005128 at 20:30 UTC, implying a current FDV of nearly $5.12 billion, liquidity of $19.3 million, and 11,160 on-chain transactions worth $34.1 million logged during the period.

Buy activity slightly outpaced sales, with 6,210 purchases versus 4,950 sales, while the split in dollar terms ran almost even at $18.7 million and $19.1 million, respectively.

Record-setting sale fills war chest

The token’s debut followed a 12-minute public sale on July 12 that raised $500 million and distributed 125 billion PUMP.

The sale-priced tokens at $0.004 were exhausted on Pump.fun’s website and four centralized exchanges, marking one of the fastest capital raises in ICO history.

On-chain dashboards compiled by Dune show that 23,959 wallets have completed the mandatory Know Your Customer procedures, but only 42.3% have secured tokens. 

The average spend reached $44,209, while the median landed near $550, illustrating a skew toward whale participation, even as small holders dominated numerically. Exactly 202 wallets hit the $1 million hard cap, while 5,758 spent less than $1,000.

Pump.fun’s own breakdown assigns 33% of supply to the ICO, 24% to community and ecosystem initiatives, 20% to the founding team, 13% to existing investors, 3% to a livestreaming budget, 2.6% to liquidity and exchange incentives, 2.4% to an ecosystem fund, and 2% to a nonprofit foundation. 

Furthermore, website analytics indicate that 76% of the tokens were sold through Pump.fun’s portal, with the balance handled by partner exchanges. The team said this approach strengthens direct ties to users and limits middleman influence. 

Developers required identity checks for all participants and excluded residents from the US and UK, positioning the raise as a “compliant” alternative to earlier memecoin launches, according to statements posted on social media by Dune contributor Adam Tehc.

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June 10th, 2025 – Seoul, South Korea

IMBX, a new global cryptocurrency exchange, has officially launched its trading platform, introducing a next-generation solution built on high-performance technology, robust security, and an intuitive user interface.

The launch positions IMBX as a strong contender in the global digital asset trading space.

Industry-Leading Security Protecting Assets and Data

At the core of IMBX is a high-performance matching engine, designed to support lightning-fast order execution with low latency-even during periods of high market volatility. The infrastructure ensures smooth, uninterrupted trading for both retail and professional users.

IMBX also employs industry-leading security protocols, including multi-signature cold wallet storage, real-time threat monitoring, and advanced data encryption. The platform is fully compliant with global KYC and AML regulations, delivering both safety and transparency to users worldwide.

Next-Generation UI/UX

IMBX provides a modern, responsive user interface that caters to traders of all levels. From real-time charting and customizable layouts to a clean, mobile-optimized design, every element of the platform is built to streamline the trading experience.

Abundant Derivatives Trading and Copy Trading

Specializing in derivatives trading, IMBX offers advanced trading suites featuring USDT margin perpetual contracts and an intuitive one-click copy trading service. Users can seamlessly navigate cryptocurrency markets with the assurance of trading in USDT margins, shielded from crypto price volatility. The platform integrates tools such as TradingView, offering users access to essential technical indicators and drawing tools. IMBX’s user-friendly copy trading service welcomes both novice investors and expert traders, providing a hassle-free mechanism to amplify investments and followers. Designed for accessibility, IMBX’s copy trading feature enables users to begin with just $100 and a single click. This functionality combines ease of entry with strong earning potential through commissions.

Backed by a Global Team

Behind IMBX is a world-class team of developers, security engineers, and financial experts with deep experience across blockchain and traditional finance. The team’s commitment to building a robust, scalable, and secure platform positions IMBX as a long-term player in the global crypto ecosystem.

About IMBX

IMBX is a global cryptocurrency exchange platform that offers next-generation trading solutions for digital assets. The exchange provides a high-performance environment for spot and derivatives trading, underpinned by strong security practices and an intuitive user experience. IMBX’s mission is to leverage cutting-edge Web3 technology to make financial services more accessible and inclusive, bridging traditional finance with the innovative world of crypto. For more information, users can visit the IMBX official website or follow IMBX on X

Contact

IMBX
Business@imbx.io

Yield Guild Games (YGG) has launched its own publishing division named YGG Play to develop and distribute games directly under its own brand.

The first release under this new initiative is LOL Land, a browser-based board game that went live this week on Abstract Chain, with over 100,000 users pre-registered ahead of launch. The game incorporates token rewards and features characters from the Pudgy Penguins community.

The shift in strategy follows years of volatility in the blockchain gaming sector, with many projects struggling to retain long-term users. YGG’s new approach is focused on targeting existing crypto users, rather than attempting to appeal to broader gaming audiences.

What is YGG Play?

YGG Play is the new publishing arm of Yield Guild Games but unlike YGG’s previous model, which centred on asset delegation and game investment, this division focuses on producing and distributing games internally.

The goal, according to YGG, is to design games that reflect the behaviours and interests of people already active in cryptocurrency, NFT trading, and blockchain-based platforms.

Co-founder Gabby Dizon said the move reflects lessons learned since YGG’s founding in 2020. The company believes its experience in both traditional and blockchain gaming has informed a more targeted strategy that focuses on simpler, shorter-form games.

What games are on the platform?

The first title to launch on YGG Play is LOL Land, a web-based board game with four themed maps: YGG City, Beach Day, Carnival, and Ice World Wonderland. In the game, players can choose between a free mode, which allows unlimited rolls, or a premium mode that includes token rewards. Points earned in premium mode are tied to a $10 million pool of YGG tokens, which can be used within the broader YGG ecosystem.

YGG has not yet announced additional titles under the YGG Play label, but it has indicated that future projects will continue to prioritise crypto-native users over conventional gaming audiences. The company is not positioning itself to compete with large-scale game studios, but rather to provide lightweight, blockchain-based games for a niche but active user base.

Dizon noted that whilst developing games on emerging technologies is challenging, YGG sees continued potential in the space. Future releases from YGG Play are expected to build on the lessons of LOL Land and further explore how blockchain mechanics can be integrated into simple, accessible game formats.

April 30th, 2025 – Victoria, Seychelles

The exclusive wallets made their debut at the TOKEN2049 event, where attendees had the chance to receive them for free through on-site interactive activities.

This special edition wallet retains the advanced security features of the original Ledger Nano X, while incorporating custom BYDFi design elements, including visual branding and customized packaging. Symbolizing a deep collaboration on user asset protection and Web3 innovation, the wallet is equipped with a secure element chip, supports the offline storage of a wide range of digital assets, and defends against common forms of cyberattack—offering users an enhanced standard of self-custody.

Secure by Design: Ledger x BYDFi Hardware Wallet Makes Its Official Launch

The launch drew large crowds to the BYDFi booth at TOKEN2049, where many attendees successfully received the limited edition wallet by completing live interactions. Designed for secure self-custody, the Ledger x BYDFi wallet gives users full control over their private keys and assets, reducing reliance on centralized platforms and elevating personal asset sovereignty.

Michael, Co-founder of BYDFi, commented at the event:

“TOKEN2049 coincides with BYDFi’s fifth anniversary, making this a milestone moment for us. This collaboration with Ledger reflects our continued commitment to asset security. The limited edition wallet is designed especially for high-net-worth individuals who demand institutional-grade protection for their digital assets.”

Expanding Horizons: BYDFi’s Vision for Global Growth and Market Leadership

In addition to the co-branded wallet, BYDFi showcased its on-chain trading solution, MoonX, at the event. As a flagship product of BYDFi’s “CEX + DEX” dual-engine strategy, MoonX merges the transparency of on-chain execution with the high-speed performance of centralized systems—delivering an ultra-smooth, seamless trading experience tailored to the rising demands of DeFi users.

The launch of MoonX not only expands the boundaries of BYDFi’s trading ecosystem, but also promotes greater diversity in trading methods and empowers users with more choice and flexibility.

Looking ahead, BYDFi will continue to strengthen collaborations with global partners and infrastructure providers, accelerating the deployment of innovative products and further solidifying its global service capabilities.

About Ledger Nano X

The Ledger Nano X is a hardware wallet certified by independent security labs. It features a tamper-proof secure element chip that safely stores users’ private keys. Any unauthorized access attempts trigger a self-destruct mechanism, ensuring maximum protection. Additional features include PIN protection, a 24-word recovery phrase, encrypted Bluetooth connectivity, and hidden wallets accessible via separate PINs—delivering comprehensive security for crypto asset holders.

 More info: https://www.ledger.com

About BYDFi

Founded in 2020, BYDFi has been recognized by Forbes as one of the world’s top 10 crypto exchanges, is officially listed on CoinMarketCap and CoinGecko, and holds MSB licenses in multiple jurisdictions. It is also a member of South Korea’s CODE VASP Alliance.

Today, BYDFi serves users in 190+ countries, with a global user base exceeding 1,000,000. The platform supports spot, perpetual, and on-chain trading, enabling access to over 600 cryptocurrencies and 500,000+ memecoin pairs. BYDFi is committed to delivering a world-class crypto trading experience. BUIDL Your Dream Finance.

• Website: https://www.bydfi.com
• Support Email: cs@bydfi.com
• Business Partnerships: bd@bydfi.com
• Media Inquiries: media@bydfi.com

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Contact

Senior Marketing Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com