Sonic Blockchain Set for Coinbase Listing—Can It Reach $1?
The Sonic blockchain, a cutting-edge Layer-1 platform with an ethereum security bridge, is poised to begin trading on Coinbase today, June 24, 2025, at 9 AM PT. This highly anticipated listing has sparked speculation among market participants about whether the native token, S, could achieve a $1 valuation. Coinbase's endorsement has historically acted as a significant catalyst for price discovery, especially for emerging Layer-1 projects. Sonic's integration with Ethereum further enhances its appeal, positioning it as a formidable player in the decentralized finance (DeFi) space. As the crypto community watches closely, the question remains: will this listing propel Sonic to new heights?
Sonic Coinbase Listing Announced—Is $1 Price Target Possible?
The Sonic blockchain, a next-generation Layer-1 platform featuring an Ethereum security bridge, will begin trading on Coinbase on June 24, 2025, at approximately 9 AM PT. Market participants are speculating whether the listing could propel its native token, S, toward a $1 valuation.
Coinbase's endorsement often serves as a catalyst for price discovery, particularly for emerging Layer-1 projects. Sonic's integration with Ethereum's security framework may further bolster investor confidence in its long-term viability.
U.S. Senate Subcommittee to Hold Key Hearing on Digital Asset Market Structure
The U.S. Senate Committee on Banking, Housing, and Urban Affairs will convene a pivotal hearing on digital asset market structure legislation this Tuesday. Entitled "Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure," the session will feature testimony from industry leaders including Coinbase's VP of Legal Ryan VanGrack and Multicoin Capital General Counsel Greg Xethalis.
Senate Republicans are expected to release core principles for a market structure bill ahead of the hearing, signaling potential progress toward regulatory clarity. The hearing follows recent Senate approval of the GENI Act, reflecting growing legislative momentum for cryptocurrency frameworks.
ZachXBT Exposes $4M Coinbase Scam as Phishing Attacks Surge
Blockchain investigator ZachXBT has unmasked a $4 million phishing scheme targeting Coinbase users, revealing how a New York-based fraudster siphoned funds through fake support calls. The scam exploited basic trust mechanisms, with victims being coerced into creating compromised wallets under the guise of securing their accounts.
Christian Nieves and his team allegedly posed as Coinbase representatives, directing targets to phishing sites where they controlled the seed phrases. Funds were immediately drained and gambled away, highlighting vulnerabilities in user education and exchange security protocols.
The case underscores a broader trend of sophisticated social engineering attacks in crypto, with phishing attempts rising 237% year-over-year according to Chainalysis data. Coinbase's open support ticket system may have provided the attackers with targeting information.
