Coinbase to launch wrapped XRP and DOGE on Ethereum layer-2 Base

By: cryptosheadlines|2025/05/14 21:00:15

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Publicly listed crypto exchange Coinbase has announced plans to launch a wrapped version of XRP, Dogecoin, Litecoin, and Cardano ADA on the Base network. In a post on X, the Coinbase Assets page confirmed they are coming soon.According to the post, the launch date will be announced later. With the move, these tokens will join Bitcoin as wrapped assets available on the layer-2 network.Coinbase-wrapped Bitcoin (cbBTC), which launched in 2024, currently has $4.47 billion in market cap.The post reads:“cbADA, cbDOGE, cbLTC, cbXRP coming soon. These assets are not yet live or available. We will announce their launch at a later date.”Coinbase claims its decision to disclose the new assets is a reaction to scammers who are already promoting fake versions of these tokens. According to the exchange, users must be careful of any information stating that the assets are available to trade.The exchange included the Base contract addresses for the wrapped tokens so users can verify them. For cbADA, the address is 0xcbADA732173e39521CDBE8bf59a6Dc85A9fc7b8c, while the cbDOGE contract address is 0xcbD06E5A2B0C65597161de254AA074E489dEb510.The cbLTC address is 0xcb17C9Db87B595717C857a08468793f5bAb6445F, and cbXRP has 0xcb585250f852C6c6bf90434AB21A00f02833a4af as its address.Once the tokens become available, Base users can use them for DeFi activity on the network just as they would ETH, the native token for the L2. Wrapped tokens trade at 1:1 to the original token. Although Coinbase did not disclose the wrapping process, it is expected to be simple, like that of cbBTC.Base continues to dominate the L2 sceneMeanwhile, the introduction of wrapped versions of several popular altcoins could be beneficial for Base. The network, which has become a top layer-2 in less than two years, looks set to continue its dominance in 2025.With Base now the number one L2 by total value locked (TVL) according to L2Beat, the network wants to maintain that position. Having wrapped versions of multiple assets available within its ecosystem could help it achieve this.The network has already seen its stablecoin usage increase significantly over the past three quarters. According to Token Terminal, the network recorded over $3.6 trillion in stablecoin transaction volume for the first quarter of 2025.Stablecoin usage on Base is growing (Source: Jesse Pollack)The rise in transaction volume matches the increase in stablecoin senders on the network. In Q4 of 2024, Base had only 450,000 users who sent stablecoins. That number has now increased to over 900,000, signaling the surge in activity on the network.Interestingly, the network is now pushing to increase its transaction speed. Although Base currently processes around 200 transactions per second. However, Base creator Jesse Pollak said the network could soon have a 200-millisecond block time.Coinbase attracts criticism despite recent milestonesBeyond the planned launch of new wrapped assets, Coinbase has also announced plans for encrypted messaging in the latest version of the Coinbase Wallet and recently joined the S&P 500 as the first crypto company on the list.However, the company continues to attract criticism from cybersecurity professionals over its lax security standards that allow scammers to steal millions weekly from users’ accounts.According to blockchain security analyst Tayvano, scammers steal over $50 million weekly through the takeover of Coinbase accounts. She noted that the exchange has not done anything to stop this problem and has now launched an encrypted messaging feature that would even enable the scammers.She said:“Kids steal >$50m every weekend via Coinbase CEX account takeovers.Coinbase has failed to understand, detect, or stop these for over a year. Coinbase instead decided to build a feature that gives scammers a direct, encrypted line to all their wallet users.”She further explained how scammers target Coinbase users by impersonating Coinbase employees. Other security researchers also acknowledged that this is a major issue on Coinbase that has caused many exchange users to lose their funds.Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your SpotSource link

The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.

Consumer-grade Crypto Global Survey: Users, Revenue, and Track Distribution

The number of active users of consumer-grade encryption has long reached tens of millions, but it is not in the sight of Silicon Valley and New York.

Prediction Markets Under Bias

Why do authoritative narratives always exclude prediction markets?

Stolen: $290 million, Three Parties Refusing to Acknowledge, Who Should Foot the Bill for the KelpDAO Incident Resolution?

The most dangerous scenario right now is that if ETH suddenly drops, Aave's bad debt could snowball even further.

ASTEROID Pumped 10,000x in Three Days, Is Meme Season Back on Ethereum?

「Space Dog」 Triggers ETH Mainnet Price Surge, Sparking SOL Community Anxiety

ChainCatcher Hong Kong Themed Forum Highlights: Decoding the Growth Engine Under the Integration of Crypto Assets and Smart Economy

The guests unanimously agreed that the understanding of Crypto value is shifting from "issuing tokens for the sake of issuing tokens" to pursuing sustainable business models, with a greater focus on capital efficiency, low costs, and 24-hour settlement, among other practical values.

Why can this institution still grow by 150% when the scale of leading crypto VCs has shrunk significantly?

The merger of the two major payment companies, Bridge and BVNK, establishes their industry position and revenue scale.

Anthropic's $1 trillion, compared to DeepSeek's $100 billion

The capital market has no faith, it only believes in the profit and loss statement.

Geopolitical Risk Persists, Is Bitcoin Becoming a Key Barometer?

Liquidity Still Unleashed, Which Force Will Dictate Pricing

Annualized 11.5%, Wall Street Buzzing: Is MicroStrategy's STRC Bitcoin's Savior or Destroyer?

25M Transaction Volume, 17,204 BTC

An Obscure Open Source AI Tool Alerted on Kelp DAO's $292 million Bug 12 Days Ago

AI Agent could potentially become an additional security layer for DeFi investors.

Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

$600 million stolen in 20 days, ushering in the era of AI hackers in the crypto world

Ethereum's biggest enemy is actually AI hackers

Vitalik's 2026 Hong Kong Web3 Summit Speech: Ethereum's Ultimate Vision as the "World Computer" and Future Roadmap

Ethereum's Two Core Tenets: A "World Computer" + Global Broadcast Channel.

On the same day Aave introduced rsETH, why did Spark decide to exit?

The results of two decision-making philosophies have now been quantified

Full Post-Mortem of the KelpDAO Incident: Why Did Aave, Which Was Not Compromised, End Up in Crisis Situation?

Bad Debt, Liquidity Crisis, and DeFi Risk Reassessment

Stolen: $290 million, Three Parties Refusing to Acknowledge, Who Should Foot the Bill for the KelpDAO Incident Resolution?

The most dangerous scenario right now is that if ETH suddenly drops, Aave's bad debt could snowball even further.