Major crypto exchange Coinbase has entered a new era with DEX (decentralized) trading now integrated directly into the Coinbase app. Through the move, users will be able to trade millions of on-chain assets directly in the crypto exchange’s app.

At launch, users will be able to trade a growing list of Base-native tokens, including assets from such projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs and Super Champs within the Coinbase app.

The recent move has no doubt boosted volumes on Base, with a Base developer drawing attention to more than $2 billion in daily DEX volumes on the Coinbase layer-2 network.

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According to Coinbase CEO Brian Armstrong, this may be the start, as the newly launched DEX trading only caters to 1% of users of the Coinbase app. The Coinbase CEO was reacting to a surge in DEX volumes on the Base network.

According to Armstrong, “DEX trading rolled out to 1% in the Coinbase app—still early. Will ultimately support every chain our customers want.”

More to come?

DEX (decentralized) trading is now available straight from the Coinbase app. The trading feature routes orders through 0x and 1inch to gain access to liquidity on Uniswap, Aerodrome and other DEXes.

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However, this feature was only rolled out to U.S. users, except in New York State, and on the Base network, with plans to support more markets and networks in the near future.

Going forward, Coinbase says it will gradually expand offerings to support a broader range of Base assets.

Coinbase also highlighted plans to expand DEX support to include additional networks, beginning with Solana and expanding trading to more countries.

An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes more rallies are in store for two meme assets.

Pseudonymous trader Bluntz tells his 324,600 followers on the social media platform X that he thinks the memecoin Pudgy Penguins (PENGU) will rise about 66% from current levels before completing a five-wave surge.

Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally.

Says the trader,

“PENGU has been a standout leader over the last week, now looking like it’s in quite an obvious wave three to the upside here on the daily.

Anticipate this to test prior all-time highs and potentially beyond over the next month or so.

Has insane normie appeal and basically launched in a meme bear market, so it never had a proper price discovery run, but I think its time has come.”

Looking at the trader’s chart, he seems to suggest that PENGU will soar to $0.055. At time of writing, PENGU is worth $0.0327.

Another memecoin on the trader’s radar is Bonk (BONK), which he thinks is following in the footsteps of PENGU.

“From all the major memes, BONK and PENGU are two of the strongest that have taken out their major may high resistances already. Fortunately, PENGU is leading and showing the way for BONK over the coming weeks.

I am long both of these coins.”

The trader appears to be predicting that BONK will soar to $0.000043. At time of writing, BONK is trading at $0.00003.

As for the broader altcoin market, the trader says he’s keeping an eye on the Bitcoin Dominance (BTC.D) chart, which tracks how much of the crypto market cap belongs to BTC.

Bluntz hints that the bearish divergence on the Bitcoin dominance chart is now playing out, suggesting that altcoins are poised to rise faster than BTC in the current bullish environment.

A bearish divergence is a signal indicating waning momentum for an asset or index.

“BTC.D proper breaking down now, love to see it.”

At time of writing, BTC.D is hovering at 63.73%.

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Major cryptocurrencies rose Sunday morning as the U.S. Treasury Secretary Scott Bessent hinted at upcoming trade deals before the July 9 Liberation Day tariff deadline.

Bitcoin, the leading cryptocurrency by market value, gained over 1%, briefly topping $109,000. Payments-focused XRP and Solana’s SOL token gained over 2% each, with meme token dogecoin

rising 3%, according to data source CoinDesk. Ethereum’s ether, the second-largest token, rose 1.5% to $2,550.

In an interview with CNN, Bessent stated that the U.S. is close to finalizing several trade deals ahead of the July 9 deadline, when the temporary pause in higher tariffs initially announced on April 2 is set to expire.

“President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then on August 1, you will boomerang back to your April 2 tariff level. So I think we’re going to see a lot of deals very quickly,” Bessent said, per Reuters.

Bessent explained that July 9 remains the deadline for negotiations, failing which higher tariffs, announced in early April, will take effect from Aug. 1.

“We are saying this is when it’s happening. If you want to speed things up, have at it. If you want to go back to the old rate, that’s your choice,” Bessent told CNN, adding that some countries were ‘foot-dragging’ on getting to deals.

Since taking office early this year, President Donald Trump has been focused on making the U.S. wealthy again by imposing tariffs on goods imported from other countries, a coercive tactic aimed at rebalancing trade relations and reducing the U.S. trade deficit.

Trump announced sweeping tariffs on April 2, starting with a 10% base tax on all trading partners and additional amounts on many countries, with some ranging as high as 50%. The so-called Liberation Day announcement triggered a sell-off in financial markets, with U.S. stocks taking a significant hit alongside a sharp decline in bitcoin, which fell to $75,000.

The panic likely prompted the Trump administration to announce a 90-day pause a week later.

Since then, the so-called U.S. exceptionalism has resurfaced in financial markets, lifting major U.S. equity indices to record highs. Both the S&P 500 and Nasdaq have outperformed their global peers, with BTC rallying to trade above $100,000.

Coinbase CEO Brian Armstrong has revealed that the exchange is steadily acquiring Bitcoin weekly, signaling what many believe could be the early stages of a treasury-building effort.

Armstrong shared the update on June 27, stating that Coinbase has adopted a “Long Bitcoin” strategy. However, he stopped short of confirming whether these acquisitions are explicitly intended to form a corporate Bitcoin reserve.

The announcement comes shortly after Bitcoin Magazine CEO David Bailey publicly encouraged Coinbase to establish a formal Bitcoin treasury.

Is Coinbase adopting a Bitcoin Treasury move?

While Armstrong did not disclose the scope or purpose of the weekly purchases, the timing has sparked speculation that the company may be shifting closer to the playbook of firms like Strategy (formerly MicroStrategy), which famously converted a significant portion of its balance sheet into Bitcoin.

This would mark a surprising development, considering Coinbase has previously resisted going all-in on Bitcoin.

Armstrong previously admitted that the company had debated allocating a major portion of its balance sheet to Bitcoin, but ultimately chose not to. At the time, the executives felt the move was too risky and could have destabilized the company’s finances during its earlier growth stages.

Still, recent moves in the corporate world suggest that sentiment may be shifting. Several American companies, including Trump Media and Technology Group, Semler Scientific, and GameStop, have taken steps to integrate Bitcoin into their financial strategies.

However, market observers have warned that the rising number of firms embracing this strategy poses a significant risk to the industry.

In a recent report, David Duong, Coinbase’s Head of Research, warned that this could create structural imbalances in the market.

According to him, as more public companies stockpile Bitcoin, volatility could increase for the firms involved and the entire crypto ecosystem. And if these large corporate holders are forced to sell under market pressure, it could trigger ripple effects across trading platforms and investor portfolios.

COIN’s new ATH

The discussion about the Bitcoin treasury moves comes as the crypto exchange’s COIN stock surged to a new high of $369.21, a level not seen since its November 2021 peak.

Notably, after-hours trading has pushed the stock’s value even higher to $375.25, according to Google Finance data.

This milestone aligns with broader pro-crypto sentiment in the US, where investors have increasingly turned to digital assets and crypto-related equities as a hedge against global instability.

As investor appetite for exposure to the crypto market grows, so does interest in companies like Coinbase, which offer indirect exposure without the volatility of direct token holdings.

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Shiba Inu tumbled to an intraday bottom of $0.000010 on Sunday, marking its weakest point in 16 months. According to market analyst Tom Tucker, that low could set the stage for a sharp turnaround.

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The meme coin has slipped 14% since June began and is off 37% from its May high of $0.00001764. Big holders are growing cautious too, with whale wallets down about 80% and open interest in Shiba Inu futures falling to $123 million—a level last seen in early April.

Double Bottom Pattern Offers Hope

Based on reports from Tucker’s June 22 chart examination, the meme coin appears to be forming a classic double bottom on its daily price graph. That pattern often signals that a sell-off has run its course.

SHIB first bounced off roughly $0.00001028 on April 7, climbing 70% to reach $0.00001765 by May 12. Now that the coin has revisited that support zone at around $0.00001030, traders will be watching closely to see if history repeats itself.

$SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets.

Down 38% from May highs, with whale holdings -80% and futures OI at a 1-month low.

TA shows deep oversold levels, but a double-bottom near $0.00001030 could spark a 62% rebound if support holds.#SHIB pic.twitter.com/uEo3ebjxXD

— Tom Tucker (@WhatzTheTicker) June 22, 2025

Support Zone Holds Crucial Key

According to Tucker, Shiba Inu needs to stay above $0.000010 to confirm the double bottom. The token has already climbed 7.7% from Sunday’s trough to trade around $0.00001081 today.

If the support holds firm, he predicts a 62% rally that would lift SHIB to about $0.00001752—practically matching last month’s peak.

Whales Exit As Risk Appetite Fades

The most recent decline in major holder balances suggests that there could be a shift in market sentiment among Shiba Inu biggest fan base. Whale positions have been 80% lower from its May high, and the decline in open interest hints that leveraged speculators are not taking as much risk. Those moves suggest caution is likely to persist until the buyers return en masse.

Shiba Inu Team Urges Patience

Meanwhile, the Shiba Inu ecosystem’s marketing lead, Lucie, has asked the community to stay calm. Based on statements from the team, the rally to $0.01 is still the long-term goal, but reaching that milestone means to not “panic” and stay resilient.

Panic is not an option. If we haven’t won yet, it’s because it’s not over.

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 22, 2025

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Lucie reminded supporters that market swings are part of the journey and that holding through downturns could pay off down the line.

Investors seeking a clear entry point might find the present price action appealing. If SHIB manages to hold above that $0.000010 support, a rapid recovery is in the cards. But if the coin goes below that line, the next move down might take it to even lower levels.

Traders should be observing volume, whale actions, and the larger crypto market sentiment before making their next move.

Featured image from Imagen, chart from TradingView