Coinbase Observes PancakeSwap’s Surge Amid BNB’s Record High

PancakeSwap's native token, CAKE, experienced a significant price surge of 13.47%, reaching $3.25, as BNB achieved a new all-time high. This bullish momentum was accompanied by a near tripling of trading volume to $410.91 million, boosting CAKE's market capitalization to $1.23 billion. The decentralized exchange (DEX) continues to show strong ties with the BNB Chain, which accounted for over 96% of its $513 billion Q2 trading volume. Technical indicators, including a golden cross formation in July, suggest further upside potential for CAKE. As the crypto market remains vibrant, platforms like Coinbase are closely monitoring these developments to identify emerging opportunities in the DeFi space.

PancakeSwap Price Jumps 13%, as BNB Hits New ATH

PancakeSwap's CAKE token surged 13.47% overnight to $3.25, riding the bullish momentum of BNB's all-time high. Trading volume nearly tripled to $410.91 million, propelling its market capitalization to $1.23 billion. The decentralized exchange remains deeply intertwined with the BNB Chain, which facilitated over 96% of its $513 billion Q2 trading volume.

Technical indicators suggest continued upside potential. A golden cross formed on July 23 as the 20-day EMA crossed above the 50-day EMA, while the Bollinger Band breakout at $3.18 confirms bullish strength. The RSI at 80.31 signals overbought conditions, though strong momentum indicates dip-buying interest remains robust. Key resistance now sits at $3.30, with a potential test of $3.53 Fibonacci level if buying pressure persists.

PancakeSwap's recent expansion to Coinbase's Base chain on July 22 marks strategic multichain growth. This development, coupled with BNB's record performance, creates fertile ground for CAKE's price discovery. Market participants are watching whether the token can sustain its breakout above the newly established $2.968 support level.

Coinbase CTO’s Vision: All Property as Cryptography

Balaji Srinivasan, former CTO of Coinbase and founder of Network State, has articulated a bold vision where blockchain technology transforms all forms of property into cryptographic assets. His argument hinges on the growing adoption of Bitcoin as digital gold and the legislative embrace of stablecoins through the GENIUS Act.

Srinivasan points to the trillions of dollars in bitcoin already secured onchain as proof of concept. He extends this logic to stocks, bonds, real estate, and even vehicles, suggesting that smart contracts and NFTs could redefine ownership and access control globally. The potential for Ethereum-based solutions, such as smart locks for physical property, underscores the breadth of this transformation.

The discussion reflects a broader trend toward institutional acceptance of crypto infrastructure. Coinbase’s role as a gateway for traditional investors lends credibility to Srinivasan’s claims, even as the market continues to digest the implications of asset tokenization at scale.

Solana Co-Founder Dismisses Meme Coins as 'Digital Slop' Despite Blockchain's Heavy Involvement

Solana co-founder Anatoly Yakovenko sparked debate by labeling meme coins and NFTs as 'digital slop' with no intrinsic value, drawing comparisons to loot boxes in free-to-play games. The criticism came during a discussion with Coinbase's Jesse Pollak, who defended creator coins on platforms like Zora as valuable content enablers.

Despite Yakovenko's stance, solana remains a hub for meme coin activity. Launchpad Pump.fun has generated nearly 12 million tokens and $776 million in revenue on the network, highlighting the paradoxical relationship between Solana's leadership and its meme-driven ecosystem.

Coinbase Bets on Stablecoins and AI to Transform Global E-Commerce

Coinbase is positioning stablecoins as the backbone of a new digital economy, where AI agents autonomously manage financial transactions. Vice President Shan Aggarwal argues these tokens will become the invisible infrastructure of online commerce, seamlessly replacing traditional payment rails.

The exchange is developing tools like x402 and AgentKit to enable AI systems to transact in stablecoins. Aggarwal predicts these innovations will make Coinbase the default platform for agentic finance—a system where machines handle money with internet-native efficiency.

Stablecoins are evolving beyond mere crypto assets into fundamental components of global trade. Their adoption may reach a point where users interact with them unconsciously, much like existing digital payment systems operate today.