Coinbase Revolutionizes Crypto Payments with Bitcoin-Backed Amex Card

In a groundbreaking move that bridges traditional finance with digital assets, Coinbase has partnered with American Express to launch the Coinbase One Card - a Bitcoin rewards credit card that offers up to 4% crypto cashback. This innovative financial product, issued by First Electronic Bank and operating on the American Express network, represents a significant milestone in cryptocurrency adoption. The card eliminates international transaction fees and allows users to make payments using either traditional linked bank accounts or directly from their cryptocurrency holdings on Coinbase. Available exclusively to Coinbase One members for a $49.99 subscription fee, this card signals a major step toward mainstream crypto integration in everyday financial transactions. The minimum 2% Bitcoin cashback for all users provides consistent rewards, while the partnership with American Express brings unprecedented credibility and reach to cryptocurrency-based payment solutions. This development comes at a time when institutional adoption of digital assets continues to accelerate, potentially setting new standards for how consumers interact with both traditional and decentralized finance systems.

Coinbase and American Express Launch Bitcoin-Backed Credit Card

Coinbase has unveiled the Coinbase One Card, a Bitcoin rewards credit card issued by First Electronic Bank and operating on the American Express network. The card offers up to 4% Bitcoin cashback, with a minimum of 2% for all users. Payments can be made via linked accounts or directly using cryptocurrency holdings on Coinbase, sans international transaction fees.

Exclusive to Coinbase One members, the card requires a $49.99 monthly subscription but waives annual and foreign transaction fees. Unlike its debit predecessor, this credit card supports revolving balances, purchase protections, and is accepted wherever American Express is.

The removal of the waitlist signals aggressive expansion into mainstream finance, blending crypto utility with traditional credit infrastructure.

OpenAI's ChatGPT Atlas Browser Faces Security Risks; Crypto Users Advised to Exercise Caution

OpenAI's newly launched ChatGPT Atlas browser, featuring an integrated AI assistant and memory capabilities, is under scrutiny following demonstrations of prompt injection vulnerabilities. Chief Security Officer Dane Stuckey acknowledged these threats remain unresolved despite safeguards.

Crypto users face particular risks. Malicious actors could embed hidden commands in seemingly benign web content, tricking the AI into revealing sensitive data like exchange credentials or session details. A single line of injected text—such as a fabricated survey instruction—might compel the assistant to expose autofill data or active Coinbase logins without user consent.

The exploit highlights broader security challenges in AI-assisted browsing, where algorithmic interpretation of webpage content lacks human discernment. As decentralized finance grows increasingly mainstream, such vulnerabilities could escalate phishing and identity theft risks across platforms.

Coinbase CEO Highlights Bipartisan Support for Crypto Market Structure Bill

Coinbase CEO Brian Armstrong has revealed strong bipartisan support for a pivotal crypto market structure bill in the U.S. Senate, with potential passage as early as November. This legislative milestone could mirror the impact of historic acts like the GENIUS Act, providing regulatory clarity that accelerates institutional adoption of digital assets.

Armstrong cautioned against overly restrictive DeFi provisions, emphasizing the need for balanced regulation that fosters innovation. The bill's progress signals growing political recognition of cryptocurrency's role in modern finance, though final language will determine its practical effects on the industry.

Crypto Giants Ripple, Tether, and Coinbase Back Trump's $300M White House Ballroom Project

Major cryptocurrency firms Ripple, Tether, and Coinbase have emerged as key donors for President Trump's privately funded $300 million WHITE House ballroom expansion. The 90,000-square-foot East Wing project, set for completion before the end of Trump's term, highlights growing digital asset influence in Washington amid ongoing regulatory discussions.

The donor list reads like a who's-who of corporate America, with Amazon, Google, and Lockheed Martin alongside crypto's standard-bearers. Coinbase's inclusion follows CEO Brian Armstrong's aggressive lobbying for clearer industry regulations, while stablecoin issuer Tether and XRP-backer Ripple signal the sector's political maturation.

Democrats have raised transparency concerns about the entirely privately financed construction, which avoids taxpayer funds but fuels debates about donor access. The MOVE comes as cryptocurrency firms increasingly seek to shape policy through traditional political channels rather than regulatory confrontation.

Ark Invest Boosts Robinhood Stake as Platform Expands Crypto Footprint

Robinhood shares surged 6% after Cathie Wood's Ark Invest acquired $21.3 million worth of the trading platform's stock across two flagship ETFs. The Ark Innovation ETF (ARKK) purchased 131,049 shares, while the Ark Next Generation Internet ETF (ARKW) added 36,440 shares, making Robinhood nearly 19% of both funds' holdings.

The move aligns with Ark's aggressive crypto strategy, including bitcoin ETF filings and sustained exposure to Coinbase, Bullish, and BitMine. Robinhood is deepening its crypto push with acquisitions like Bitstamp for global licensing and a proprietary Layer-2 blockchain on Arbitrum. Recent additions of BNB trading and Canadian expansion through WonderFi signal growing institutional ambitions.

Crypto.com Seeks U.S. Bank Charter to Expand Institutional Crypto Services

Crypto.com has filed an application with the U.S. Office of the Comptroller of the Currency to become a National Trust Bank, marking a strategic push into regulated custody and staking services for institutional clients. The move positions the exchange alongside industry heavyweights like Coinbase and Circle in pursuing federal oversight.

The proposed charter would enable Crypto.com to offer multi-chain custody solutions, including support for its native Cronos network. "Building through regulated offerings has been our focus since day one," said CEO Kris Marszalek, signaling the company's ambition to capture market share in digital asset treasuries and crypto ETFs.

Existing operations under New Hampshire's regulatory framework will continue unaffected during the review process. The application reflects the industry's accelerating march toward compliance as institutional adoption grows.