Coinbase and JPMorgan Chase partner to bring crypto purchases, stablecoin rewards and direct bank integrations to Chase customers. JPMorgan Chase has partnered with crypto exchange Coinbase to introduce crypto integrations to its customers, a step in bridging traditional finance with digital assets. Coinbase announced Wednesday that Chase credit card holders can use their cards to buy crypto on Coinbase starting this fall. In addition, Coinbase said JPMorgan’s customers will also be able to redeem their Chase Ultimate Rewards Points for USDC (USDC) in 2026. Coinbase said this will be the first major rewards program redeemable for crypto. “For the first time, points from a major credit card rewards program will be redeemable for crypto rewards,” Coinbase said. Read more
Institutional interest in crypto has been rising as regulatory clarity increases in the United States. PNC Bank is set to offer crypto services to clients through a new partnership with Coinbase, following the signing of federal crypto legislation. PNC Bank announced its crypto move on Tuesday. With Coinbase support, the US bank will offer its clients the ability to buy, sell and hold digital assets without logging out of their accounts. The move will be made possible through Coinbase’s Crypto-as-a-Service platform. In turn, PNC Bank will offer Coinbase some of its banking services. Read more
Ether lost due to bugs and user errors has surged 44% since March 2023, according to Conor Grogan, head of product at Coinbase. Ether lost forever due to user errors and bugs has climbed to 913,111 ETH — around 0.76% of the current circulating supply, according to Coinbase’s head of product, Conor Grogan. Grogan shared the estimate on X on Sunday, noting that the lost Ether (ETH) due to human error and bugs now accounts for more than $3.43 billion at current market prices. When including 5.3 million ETH destroyed via Ethereum Improvement Proposal 1559 (EIP-1559) since 2021, the share of ETH lost is even higher. Read more
The California Breakthrough Project held its first meeting at Ripple’s San Francisco headquarters, according to journalist Eleanor Terrett. California Governor Gavin Newsom has launched a new government efficiency task force that includes representatives from various crypto firms, potentially signaling the state’s recognition that blockchain technology could enhance public services. The task force, dubbed California Breakthrough Project, has tapped executives from Ripple, Coinbase, MoonPay and others to “advise and advance government efficiency and collaboration,” journalist Eleanor Terrett reported Tuesday. According to Terrett, the task force held its inaugural meeting at Ripple’s San Francisco headquarters on June 6. It aims to foster collaboration between California regulators and industry leaders across the technology and business sectors, address government inefficiencies and boost transparency around public services. Read more
Known by many in the industry for filing records requests with the US government over crypto policies, Coinbase has filed a lawsuit against Oregon state officials. Cryptocurrency exchange Coinbase has filed for injunctive relief in the US state of Oregon related to claims that its officials “flip-flopped on digital assets behind closed doors.” In a case filed Thursday in the Marion County Circuit Court, Coinbase’s lawsuit named Oregon Governor Tina Kotek in her official capacity. The complaint reportedly challenged how the state government handled requests for documents related to digital asset enforcement actions. According to Coinbase, prior to April 2025, state officials had largely not considered digital assets to be regulated as securities. However, Oregon’s Attorney General’s office then filed a lawsuit against Coinbase, alleging the exchange offered more than 30 tokens as unregistered securities. Read more
Binance founder CZ shared a tweet alleging Coinbase as the anonymous source behind Bloomberg’s report targeting Trump’s crypto project and Binance. Update (July 13, 23:18 UTC) This article has been updated to include a response to the claims posted by Coinbase CLO Paul Grewal Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US market would threaten their market share, prompting efforts to undermine competitors. Read more
The Czech National Bank boosted its investment in Palantir and entered the crypto space by acquiring Coinbase shares in Q2. The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its stake in Palantir Technologies and initiating a new position in cryptocurrency exchange Coinbase Global. These moves were disclosed in a Form 13F filing, which is a quarterly report filed by investment managers to the Securities and Exchange Commission that discloses their US equity holdings. The filing shows the bank has added 51,732 Coinbase shares, worth over $18 million. The Czech National Bank also added 49,135 Palantir shares in the second quarter of the year, bringing its total to 519,950 by the end of June. Read more
Coinbase market data will power the AI “answer engine” in a two-phase rollout, starting with COIN50 index prices. On Thursday, the CEO of Coinbase Global (Nasdaq: COIN), Brian Armstrong, announced a partnership with Perplexity, an AI-powered search engine that answers users’ questions with cited, real-time data pulled from the web. According to Armstrong, the move will integrate the crypto exchange’s market data into Perplexity’s large language model (LLM), further connecting AI and crypto and helping users make more informed decisions about digital assets. The partnership is being rolled out in two stages. Starting Thursday, Perplexity will pull market data from Coinbase, including from its COIN50 index, to power “market analysis” in Perplexity’s new Comet browser. Read more