Coinbase Institutional Services Fuel Sharps Technology’s $437 Million Solana Treasury Expansion

In a significant institutional adoption move, medical device manufacturer Sharps Technology has substantially deepened its commitment to the Solana ecosystem by partnering with Coinbase Prime for custody and over-the-counter (OTC) services. This strategic alliance, announced in October 2025, represents a major milestone in the convergence of traditional manufacturing and digital asset management. The company now holds an impressive portfolio of over 2 million SOL tokens, valued at approximately $437 million, positioning Sharps Technology as the fourth-largest Solana treasury holder globally. This substantial accumulation demonstrates growing institutional confidence in Solana's long-term viability and technological infrastructure. The selection of Coinbase Prime underscores the critical importance of institutional-grade security and liquidity in large-scale cryptocurrency holdings. Coinbase's comprehensive custody solutions provide Sharps Technology with the necessary infrastructure to securely manage their substantial digital asset treasury while maintaining compliance with regulatory standards. The partnership leverages Coinbase's extensive institutional network and market expertise, enabling Sharps to execute large transactions efficiently through OTC desks without causing significant market impact. This development highlights the evolving nature of corporate treasury management strategies, where traditional companies are increasingly diversifying into digital assets. Sharps Technology's aggressive accumulation of SOL tokens reflects a calculated bet on Solana's scalability and growing ecosystem. The medical device manufacturer's move follows a broader trend of companies allocating significant portions of their treasury to cryptocurrencies, though Sharps' specific focus on Solana distinguishes it from many competitors who primarily concentrate on Bitcoin. The timing of this expansion coincides with Solana's continued technological advancements and growing developer adoption. By leveraging Coinbase's institutional infrastructure, Sharps Technology gains access to sophisticated trading tools, enhanced security protocols, and professional market insights. This partnership not only secures their existing holdings but also provides the framework for future digital asset acquisitions and management strategies. The collaboration represents a significant endorsement of both Solana's potential and Coinbase's ability to serve major institutional clients in the rapidly evolving cryptocurrency landscape.

Sharps Technology Expands Solana Treasury Strategy with Coinbase Custody

Sharps Technology has deepened its commitment to solana by selecting Coinbase Prime for custody and OTC services. The medical device manufacturer now holds over 2 million SOL tokens valued at $437 million, positioning it as the fourth-largest Solana treasury holder.

The partnership leverages Coinbase's institutional infrastructure to advance Sharps' digital asset strategy. "Coinbase provides the liquidity and security required to manage a leading SOL treasury," said James Zhang, strategic advisor to Sharps Technology Subsidiary (STSS).

This move comes as Solana trades at $220, reflecting a 3.15% daily decline. Sharps now trails only Helius, DeFi Development, and Upexi in SOL treasury holdings—all competitors clustered around the 2 million token threshold.

Coinbase and Mastercard Compete for Stablecoin Firm BVNK, Signaling Crypto Mainstream Momentum

Coinbase and Mastercard are locked in a bidding war for BVNK, a London-based stablecoin infrastructure provider. The acquisition target—valued at $1.5B-$2.5B—could redefine payment rails for both crypto-native and traditional finance players.

BVNK’s 2021 launch positioned it as a bridge between fiat and digital currencies, with Visa quietly taking a stake months before U.S. regulatory clarity emerged. A Coinbase victory would cement its dominance in dollar-pegged crypto assets, while Mastercard’s bid reflects urgency among legacy networks to modernize settlements.

Market observers note the timing coincides with swelling institutional demand for stablecoin exposure. Strategic acquisitions like this often precede capital rotations into altcoins—particularly those with payment utility or institutional custody solutions.

Kalshi Surpasses Polymarkets in Prediction Market Dominance with $300M Funding Round

Kalshi, the online prediction market platform, has eclipsed rival Polymarkets in trading activity, capturing over 60% of global market share. The milestone follows a $300 million funding round led by Sequoia Capital and Andreessen Horowitz, valuing the company at $5 billion—more than double its previous valuation.

Paradigm, CapitalG, and Coinbase Ventures joined the round, fueling Kalshi's plans to expand into 140+ countries. Annual trading volume skyrocketed from $300 million to $50 billion, with heightened activity in political, sports, and event-based markets. "Growth outpaced even our most optimistic projections," admitted CEO Tarek Mansour.

The platform's rise has sent ripples through adjacent sectors. DraftKings shares fell 3.81% following the funding announcement, signaling shifting dynamics in speculative markets.

XRP Dominates Coinbase Search Interest Amid ETF Speculation

XRP has surged to the top of Coinbase's search rankings, outpacing Bitcoin and ethereum with 32,000 queries in 24 hours. Retail interest appears to be heating up as traders speculate about a potential spot ETF, though regulatory timelines remain uncertain due to the US government shutdown.

The token's 440% yearly gain has dwarfed Bitcoin and Ethereum's performance, yet recent price consolidation suggests momentum may be cooling. Market watchers note search volume often precedes buying activity, making this spike particularly noteworthy for XRP holders.

Coinbase Advances Self-Custody Solutions with Base App and Embedded Wallets SDK

Coinbase CEO Brian Armstrong unveiled plans for a new self-custody wallet, Base App, set to launch later this year. The wallet will be universally accessible, with waitlist sign-ups already live. The initiative aligns with Coinbase's broader strategy to consolidate crypto services into a unified platform.

The exchange's Embedded Wallets SDK, launched in beta via the Coinbase Developer Platform, simplifies Web3 onboarding by enabling direct integration of self-custodial wallets into third-party apps. The toolkit features fiat ramps, token swaps, and yield automation—positioning Coinbase as a critical infrastructure provider for decentralized applications.

Coinbase Completes MATIC to POL Token Swap as Polygon Migration Nears Finalization

Coinbase has set October 14, 2025, as the definitive end date for MATIC trading, marking the final stage of Polygon's ecosystem migration to its new POL token. The exchange will automatically convert all remaining MATIC balances to POL at a 1:1 ratio, joining other major platforms in adopting the upgraded network standard.

Polygon Labs reports 99% of MATIC has already migrated to POL since the protocol's 2024 upgrade. The transition reflects broader industry momentum toward next-generation governance and staking tokens, with POL now positioned as Polygon's primary asset.

Coinbase will suspend MATIC transfers between October 14-18, giving users a final opportunity for self-custody withdrawals before the irreversible conversion. The phased industry-wide adoption underscores blockchain networks' increasing emphasis on modular, upgradeable tokenomics.