Coinbase Revolutionizes Global Commerce with Ethereum-Based Payments Service

Coinbase has launched Coinbase Payments, a groundbreaking service on the Base network designed to simplify USDC transactions for Shopify merchants worldwide. This innovative solution leverages the $30 trillion stablecoin transaction volume processed by Coinbase in the past year, marking a 300% annual increase. The three-tiered architecture combines wallet integration and e-commerce APIs, eliminating blockchain complexity for businesses while enabling round-the-clock transactions. This MOVE underscores Coinbase's commitment to driving mainstream adoption of digital assets in global commerce.

Coinbase Launches Ethereum-Based Payments Service Targeting Global Commerce

Coinbase has unveiled Coinbase Payments, a new service built on the Base network that enables Shopify merchants to accept USDC transactions around the clock. The solution eliminates blockchain complexity for businesses while capitalizing on the $30 trillion stablecoin transaction volume Coinbase processed last year—a 300% annual increase.

The three-tiered architecture combines wallet integration, e-commerce APIs, and smart contract protocols. This mirrors broader industry trends as Stripe and PayPal expand crypto offerings, while Circle's USDC gains traction in payments. Stablecoins now account for 10% of all cross-border transactions according to recent Chainalysis data.

Base's ethereum foundation provides settlement assurance, though the network has faced congestion during recent meme coin frenzies. The integration marks a strategic pivot for Coinbase as regulatory pressures mount on its exchange business.

Visa Stock Drops Amid Stablecoin Legislation Concerns

Visa (V) shares fell nearly 5% on Wednesday as the U.S. Senate passed new stablecoin legislation, sparking fears that merchant-issued digital currencies could bypass traditional card networks. The GENIUS Act, which establishes federal oversight for stablecoins, is seen as a potential threat to Visa's payment dominance. Mastercard (MA) mirrored the decline, dropping over 5%.

Retail giants Amazon (AMZN) and Walmart (WMT) are reportedly exploring stablecoin issuance, a move that could further disrupt legacy payment systems. Meanwhile, crypto exchange Coinbase (COIN) surged 16% on expectations it may benefit from regulatory clarity.

Dogecoin Shows Resilience Amid Market Volatility, Indicators Suggest Accumulation

Dogecoin (DOGE) rebounded from an intraday low of $0.164 to close NEAR $0.171, marking a 4.7% recovery amid broader market weakness. The move hints at institutional accumulation as geopolitical tensions between Israel and Iran triggered mass liquidations earlier in the week.

Macroeconomic pressures persist, with the U.S. Federal Reserve maintaining restrictive rates at 4.25%-4.50%—a headwind for risk assets like DOGE. Yet the memecoin retains robust liquidity, boasting $1.37 billion in daily turnover and a $24.7 billion market cap. Technical indicators now flag oversold conditions, while social sentiment data reveals 86% positivity across 16,000+ mentions, underscoring unwavering community conviction.

Regulatory developments, including potential U.S. spot ETF approvals, and DeFi adoption on platforms like Coinbase's Base network could dictate DOGE's near-term trajectory. The coin's volatility remains a feature, not a bug, for traders navigating crypto's choppy waters.

Circle (CRCL) Stock Surges 34% as Senate Passes Landmark Stablecoin Bill

Circle Internet Group's stock skyrocketed 34% to close at $199.59 following the U.S. Senate's passage of the GENIUS Act, a pivotal regulatory framework for dollar-backed stablecoins. The stock briefly touched an all-time high of $200.90, marking a 500% gain from its $31 IPO price just two weeks prior.

The bill, which cleared the Senate with a 68-30 vote, establishes federal oversight for stablecoins like Circle's USDC. CEO Jeremy Allaire hailed the move as historic, signaling a new era of regulatory clarity for the crypto industry.

The Ripple effects were felt across crypto markets, with Coinbase shares rising 14% and Robinhood reaching new highs. The legislation now moves to the House of Representatives, with proponents aiming for enactment before the August recess.

Crypto Stocks Rally as Trump Pushes for Swift Stablecoin Legislation

President Donald TRUMP has urged the House of Representatives to pass the GENIUS Act "lightning fast" following its approval in the Senate by a 68-30 margin. The bill establishes a federal framework for stablecoin issuance and trading, marking a significant step toward regulatory clarity in the digital asset space.

Market reaction was immediate, with Coinbase shares surging 16.32% and Circle posting a 33.82% gain. The rapid Senate passage—just six weeks after introduction—reflects growing political momentum for crypto legislation, though House divisions remain about whether to advance the bill separately or as part of broader digital asset reforms.

Trump framed the legislation as a strategic victory, declaring it would position America as the "undisputed leader in digital assets." WHITE House crypto czar David Sacks echoed this sentiment, thanking the president for advancing policies to make the U.S. the "crypto capital of the planet."

US Senate Passes Landmark Stablecoin Bill 'GENIUS Act' with 68-30 Vote

The US Senate has approved the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), marking the first comprehensive federal framework for dollar-pegged digital assets. The legislation mandates 1:1 reserve backing, monthly transparency reports, and investor protection measures—including prioritized claims in bankruptcy proceedings.

Stablecoins now command a $250B market with 22% projected 2025 growth, serving as critical infrastructure between traditional and crypto markets. Circle's USDC issuer saw shares surge 34% post-announcement, while Coinbase gained 16%—reflecting market Optimism about regulatory clarity.

The bill now moves to the House of Representatives, with industry observers noting its potential to prevent future collapses akin to Terra-Luna. 'This isn't just regulation—it's legitimization,' said one Wall Street analyst tracking the vote.