The top US-based crypto exchange by volume is announcing upcoming support for a low-cap artificial intelligence (AI)-powered decentralized finance (DeFi) token.

In a new announcement, Coinbase says that it has added Mamo (MAMO) to its listing roadmap, indicating plans to list the coin for trading in the future.

Mamo is a personal finance bot project that aims to boost user return on interest through tools powered by AI.

According to the platform’s whitepaper, the protocol:

“Creates calm, steady progress through thoughtful, risk-aware strategies

Explains everything in plain language, helping you learn as you earn

Keeps you in control. Add, pause, withdraw anytime. No lockups. No confusing rules.

Works quietly alongside your life, not demanding center stage.”

MAMO is the native token of the protocol. The MAMO supply is fixed at 1,000,000,000 tokens.

MAMO is trading for $0.166 at time of writing, up 16.3% on the day and over 111% in the last month.

Last week, two decentralized science altcoins faltered after gaining support from the top US-based crypto exchange platform by volume, Coinbase.

In a post on the social media platform X, Coinbase also recently announced the addition of two decentralized science (DeSci) protocols – Bio Protocol (BIO) and ResearchCoin (RSC) – to its suite of crypto products.

Following the announcements, the tokens both fell in price.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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An Arizona couple is reportedly out $20,000 after a Chase Bank employee accidentally unfroze funds taken by a scammer.

In March, the couple received a text asking if they authorized a $399 Zelle payment to “Susan Smith,” according to a new report from 12 News.

They replied “No” and were given a number to call. After calling the number, someone on the other line who was claiming to be a bank employee said the couple’s account had been flagged for fraud. The scammer on the phone also told the couple that it looked like it was  an “inside job.”

Following instructions, the couple went to a Chase Bank and withdrew $20,000 and then opened a new account through Apple Wallet, depositing the money there.

The scammer then stole the money, but employees at Chase Bank managed to freeze the funds later that day. A few days later, however, someone at the bank unfroze the account, allowing the con artist to make off with the money.

Chase has contacted the couple and told them that their case is still open. Peoria police tell 12 News that they’ve identified a suspect in Florida.

A similar incident in Arizona occurred last month when a scammer reportedly drained $27,000 in life savings from a man in Arizona by pretending to be his bank representative.

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A pro football player has lost a huge sum of cash to a bank fraud scheme, raising suspicions of insider involvement at JPMorgan Chase.

Minnesota Vikings linebacker Dallas Turner was duped out of $240,000 by a scammer who seemed to have intimate knowledge of his account, reports the Star Tribune.

Someone posing as a Chase banker called Turner and made him think his account was under attack.

Authorities are asking Chase to determine whether bank employees are involved because the scammer “was able to obtain sensitive account details including Turner’s full name, linked phone numbers and [his] LLC account info.”

The fraudster called Turner on February 19th, alleging an impostor was attempting a wire transfer.

Turner, convinced of the threat, rushed to a Chase branch and wired $120,000 to “Island Food Truck LLC.”

That same day, he visited a separate Chase branch and transferred $120,000 to “CNL FL LLC.”

Police say they have several suspects and charges are pending.

To date, around $2,500 of Turner’s cash has been recovered.

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Economist and macro strategist Henrik Zeberg is forecasting that the S&P 500 index could go up by double-digit percentage points over the coming months.

In an interview on the WTFinance podcast, Zeberg says the markets are primed for an explosive rally over the short term.

“I think the blow-off top is still going and you see it in various markets around the world… actually [markets] have seen new all-time highs after everybody kind of dismissed that in April, we could see that. Now we are seeing it.”

According to the economist and macro strategist, the S&P 500 index could go up by around 13% from the current level.

“I still think that things will be moving on like what I’ve been expecting in terms of a 6,800 top in the S&P [500] as a minimum.”

As of Tuesday’s market close, the S&P 500 is trading at 6,025 points.

Although Zeberg forecasts rallies in the stock market, he cautions that a recession is likely to follow as the economy shows signs of gradual erosion.

“We’re getting closer and closer [to a recession]. There are more and more signs now that the deterioration is going through. It’s really in the housing market that is the worst in the US. And we’re starting to see some signs as well in the real economy and in the labor market as well.

So I think we will see that things slowly, as always, start to roll over.”

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Bitcoin (BTC) fell to its lowest price this month on June 20, triggering $464 million in liquidations across cryptocurrency markets as geopolitical jitters and heavy selling pressure rattled traders.

Bitcoin dropped to a low of $102,225, reversing the gains recorded earlier in the day after failing to break through resistance above $106,000.

Data from Coinglass shows that more than $466 million in leveraged positions were wiped out in the past 24 hours. Of this, $392.9 million came from long positions while about $73.4 million came from shorts.

Ethereum (ETH) liquidations stood at $157.8 million, outpacing Bitcoin’s $124.1 million over the past 24 hours. Over 130,736 traders were liquidated in the latest wipeout, with the largest single liquidation order occurring on Bybit’s BTCUSD pair valued at $8 million.

As of press time, Bitcoin was trading at $103,122 as bulls attempted to hold above the $102,000 support established earlier this month. Meanwhile, Ethereum was trading at $2,412 after falling to a low of $2,363.

The wider altcoin market mirrored Ethereum’s performance and fell to new monthly lows despite Bitcoin holding above $102,000.

The latest decline coincided with renewed geopolitical tensions in the Middle East, with reports of military strikes reigniting risk aversion across global markets. Equities also traded lower and lingering uncertainty could keep digital assets under pressure in the short term.

Technical analysts warned that if Bitcoin closes below the key $102,000 threshold, it could open the door to deeper losses toward $100,000 or even the mid-$90,000 range. However, the spike in liquidations and extreme negative sentiment might signal a possible short-term bottom if buyers step in to absorb the sell-off.

Bitcoin has been volatile for much of June, repeatedly testing resistance and support between $100,000 and all-time highs. Despite the recent drop, the flagship crypto remains up about 40% year-to-date, supported by strong institutional demand and new exchange-traded fund flows earlier this year.

Markets will be watching closely for signs of stabilization over the weekend, with attention focused on whether Bitcoin can hold above psychological support at $100,000, a level traders view as critical for keeping bullish momentum intact.

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Billionaire hedge fund legend Ray Dalio says that the financial situation in the US presents a high likelihood of serious problems moving forward.

In a new interview on PBS’s Amanpour and Company, Dalio, founder of Bridgewater Associates, says that the US government is in a situation where it absolutely must lower its budget deficit as a percentage of GDP from 7% to 3%.

According to Dalio, the government must take a three-step approach to lowering the deficit-to-GDP ratio if it wants to avoid a “very high likelihood of real problems.”

“It has to be done with three things, and it has to be spread out among these three things, because any one of those three things would be too painful. Those three things are tax revenue, spending cuts and interest rates.

Although Congress and the president in the process does not deal directly with the third of those, right now a trillion dollars – half of our deficit – is interest payments, and not only do we have a trillion dollar interest payment, in the next year, we have nine trillion dollars of debt maturing that has to be either rolled over or sold…

So there’s what I call my 3%, three-part solution, which was very similar to 1991-1998. It was cut by 5% of GDP, the budget deficit, in those years was cut by 5% of GDP by spreading it around. So those are the three things that are needed.”

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An artificial intelligence (AI)-based altcoin and a decentralized finance (DeFi) token have soared in price after being added to Coinbase’s listing roadmap.

In a post on the social media platform X, Coinbase Assets announces the additions of AI-focused project Aethir (ATH) and DeFi protocol Maple Finance (SYRUP) to its listing roadmap, causing the digital assets to spike in price.

Coinbase’s listing roadmap is typically used for transparency and to prevent the front-running of tokens prior to them being listed. Being added to the roadmap means the crypto exchange may add support for the crypto asset soon.

News of the addition sent both tokens flying, as ATH went from a low of $0.0318 on March 6th to a peak of $0.0435 just a day later, a gain of about 36.79%.

Meanwhile, SYRUP went form a low of $0.137 on March 7th to a peak of $0.193 on March 8th, a rise of 40%.

Both assets have since retraced and are valued at $0.0371 and $0.165, respectively.

Aethir, which launched over Ethereum (ETH) in June 2024, is a decentralized cloud computing protocol that is focused on offering high-performance graphics processing unit (GPU) capabilities to AI as well as blockchain-based video games.

Maple Finance, which launched in 2021, is a borrowing and lending protocol that allows borrowers to access capital by providing under-collateralized loans and enables lenders to earn yields by providing liquidity.

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An Ethereum (ETH) layer-2 scaling solution is soaring after gaining support from US retail trading giant Robinhood.

According to Robinhood, the ETH layer-2 Arbitrum (ARB) is now available to be bought, sold, and traded over the trading platform.

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News of the addition sent ARB rallying from a price of $0.374 on March 4th to $0.421 a day later. It has since stabilized and is trading for $0.419 at time of writing, a 14.5% gain during the last 24 hours.

ARB joins Robinhood’s suite of crypto products, which includes Bitcoin (BTC), Ethereum, Cardano (ADA), Solana (SOL), popular memecoins such as Dogecoin (DOGE), Pepe (PEPE) and Shiba Inu (SHIB), and dozens of others.

Last month, it was Robinhood reported that it saw a staggering 8x increase in crypto trading revenue in Q4 of 2024, putting pressure on Coinbase, its competitor and the largest crypto exchange platform in the US.

According to the Robinhood’s investment report, the company saw a 200% year-over-year increase in transaction-based revenues, most of which can be attributed to crypto.

In February, the U.S. Securities and Exchange Commission (SEC) dropped its investigation into Robinhood without levying any enforcement actions against the firm.

As stated by Dan Gallagher, the Robinhood’s chief legal, compliance and corporate affairs officer, at the time,

“We applaud the staff’s decision to close this investigation with no action. Let me be crystal clear – this investigation never should have been opened. Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities.

As we explained to the SEC, any case against Robinhood Crypto would have failed. We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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