Coinbase Powers Bermuda’s Historic Leap into First Fully Onchain National Economy
In a groundbreaking MOVE announced at the World Economic Forum in Davos, Bermuda has officially committed to becoming the world's first fully onchain economy through a strategic partnership with cryptocurrency giants Coinbase and Circle. This historic initiative, built upon Bermuda's progressive 2018 Digital Asset Business Act, will pilot the use of Circle's USDC stablecoin for payments across government agencies and local businesses. During the Bermuda Digital Finance Forum, organizers demonstrated the practical application by distributing 100 USDC to attendees for real-world transactions, signaling a tangible shift toward digital currency integration. This collaboration positions Coinbase at the forefront of national-level blockchain adoption, showcasing how established crypto infrastructure can facilitate entire economic transformations. The partnership leverages Coinbase's institutional expertise and Circle's stablecoin technology to create a seamless digital payment ecosystem, potentially serving as a blueprint for other nations considering similar transitions. As of early 2026, this development represents one of the most significant institutional adoptions of cryptocurrency, merging regulatory foresight with technological innovation to reimagine traditional economic frameworks. The move underscores growing confidence in blockchain-based financial systems and highlights the expanding role of major crypto exchanges in shaping national economic policies.
Bermuda Pioneers Fully Onchain Economy with Coinbase and Circle Partnership
Bermuda has become the first nation to commit to a fully onchain economy through a landmark partnership with Coinbase and Circle. The initiative, unveiled at Davos, will pilot USDC stablecoin payments across government agencies and local businesses, leveraging Bermuda's 2018 Digital Asset Business Act framework.
At the Bermuda Digital Finance Forum, organizers distributed 100 USDC to attendees for real-world payment testing—a symbolic start to what officials describe as a voluntary, non-exclusive transition. The collaboration focuses on infrastructure development rather than mandates, with Coinbase providing enterprise tools and Circle enabling USDC integration.
The move positions Bermuda as a laboratory for blockchain-based governance. Unlike El Salvador's bitcoin mandate, this opt-in model emphasizes public-private coordination, with potential implications for small island economies seeking digital transformation.
Coinbase CEO Brian Armstrong Advocates for Crypto Market Structure Bill at Davos
Coinbase CEO Brian Armstrong has arrived in Davos with a mission to revive the stalled U.S. crypto market structure bill. His agenda at the World Economic Forum includes championing economic freedom, promoting asset tokenization, and bridging divides between crypto firms and traditional banks.
Armstrong's push comes after Coinbase withdrew support for the legislation due to disputes over stablecoin yield provisions—a move that derailed Senate Banking Committee proceedings. The CEO now seeks to repair relationships with lawmakers and bank executives, emphasizing the need for a level playing field in stablecoin regulation.
The proposed market structure legislation could reshape capital markets through tokenization, a technology Armstrong believes can democratize financial access. His Davos meetings aim to transform regulatory challenges into collaborative solutions between crypto innovators and established financial institutions.
Ethereum Price Prediction Hinges on ETF Flows and Institutional Demand
Ethereum's market trajectory enters a pivotal phase as ETF inflows and institutional interest reshape its valuation framework. The second-largest cryptocurrency trades at $3,301, having breached a falling wedge pattern—a technical development that analyst Marzell links to Fibonacci confluence, suggesting potential trend reversal rather than temporary rebound.
Price targets now range from $4,950 to $6,690 among chartists, contingent on overcoming the immediate $3,400 resistance. Market participants note parallel momentum in utility-focused ERC-20 projects like Remittix, though Ethereum's network growth and ETF capital flows dominate institutional attention.
The broader crypto market watches Bitcoin's price action as a bellwether, but Ethereum's quiet accumulation phase—marked by 30-day highs in staking activity and Layer-2 transaction volume—signals building momentum. "ETF approvals were the starting gun," says a Coinbase institutional trader. "Now we're seeing the marathon runners position."
Ripple Joins BlackRock at Davos 2026, Elevating Crypto’s Global Role
Ripple's presence alongside BlackRock at the 2026 World Economic Forum in Davos underscores cryptocurrency's escalating influence in global economic dialogues. The company's sponsorship of the USA House provided a strategic venue for high-level discussions on digital assets and economic resilience.
CEO Brad Garlinghouse's participation in the CFC St. Moritz conference highlighted the evolving relationship between crypto firms and public markets. His endorsement of the Digital Asset Market Clarity Act signals growing industry efforts to shape favorable regulation through legislative engagement.
The convergence of Ripple, BlackRock, and Coinbase leadership at Davos reflects institutional momentum toward tokenization and crypto market reforms. These developments suggest deepening integration of digital assets into mainstream finance.
Ripple President Forecasts Half of Fortune 500 Companies Will Adopt Crypto by 2026
Ripple president Monica Long predicts a seismic shift in corporate finance, forecasting that 250 Fortune 500 companies will hold cryptocurrency or use blockchain-powered financial tools by 2026. This projection implies $1 trillion in digital assets on balance sheets—a watershed moment for institutional adoption.
The acceleration is already visible. Coinbase data shows 60% of Fortune 500 executives are actively exploring blockchain solutions. The digital asset treasury sector, with just four companies in 2020, now exceeds 200—half of which launched in 2025 alone.
Long positions stablecoins as the future backbone of global payments, stating blockchain has become 'the operating LAYER of modern finance.' The prediction underscores a broader trend: crypto is no longer speculative but infrastructural.
Iren Stock Drops 6% Amid Trade War Fears, Crypto Stocks Under Pressure
Iren (IREN) shares fell sharply on Tuesday, dropping over 6% as geopolitical tensions between the U.S. and Europe rattled crypto-linked equities. The Sydney-based Bitcoin miner closed at $54.26, extending a sector-wide decline that saw Strategy tumble 8%, Galaxy Digital slide 6%, and Coinbase dip 5%.
Despite the selloff, Iren remains a standout performer—up nearly 50% year-to-date after a 300% surge in 2025. Analyst Mike Colonnese notes the company's $9.7 billion Microsoft deal hasn't been fully priced in, with consensus targets suggesting 28-48% upside potential at current levels.
The market reaction highlights crypto equities' sensitivity to macro risks, even as underlying blockchain adoption accelerates. Institutional deals like Iren's cloud partnership demonstrate the sector's maturation beyond pure price speculation.
