XRP Overtakes Ethereum as Second-Largest Revenue Generator on Coinbase in Q2 2025

In a significant shift within the cryptocurrency market, XRP has surpassed Ethereum to become the second-largest revenue generator on Coinbase, according to the exchange's Q2 2025 earnings report. The token accounted for 16% of total transaction revenue in the first half of the year, narrowly edging out Ethereum's 15%. This development highlights growing institutional interest in XRP, driven by regulatory clarity and an aggressive expansion into U.S. crypto derivatives. The resurgence of XRP marks a dramatic turnaround for the token, which has faced challenges in recent years. The latest data underscores the evolving dynamics of the crypto market, with XRP emerging as a formidable competitor to Ethereum on one of the world's largest exchanges.

XRP Surpasses Ethereum in Coinbase Revenue Amid Futures Surge

XRP has overtaken ethereum as the second-largest revenue generator on Coinbase, according to the exchange's Q2 2025 earnings report. The token accounted for 16% of total transaction revenue in the first half of the year, edging out Ethereum's 15%. This shift reflects growing institutional interest in XRP, fueled by regulatory clarity and an aggressive push into U.S. crypto derivatives.

The resurgence marks a dramatic turnaround for XRP, which was absent from Coinbase's revenue breakdown just a year ago. A pivotal 2023 court ruling that classified XRP as a non-security when traded on exchanges reignited investor confidence. Major platforms, including Coinbase, relisted the token after delisting it during Ripple's legal battle with the SEC.

Legal certainty has proven transformative for XRP's market position. Spot trading activity and derivatives demand have surged, positioning the token as a formidable competitor to Ethereum. Coinbase's SEC filing on July 31 underscores this reversal of fortunes—a testament to how regulatory winds can reshape crypto hierarchies overnight.

Shiba Inu Marks 5th Anniversary with Bullish Signals as Burn Rate Spikes 5,800%

Shiba Inu, the meme coin that captured retail investors' imagination during the last crypto cycle, celebrates its fifth anniversary amid growing signs of a potential breakout. On-chain metrics paint a bullish picture, with the SHIB burn rate surging 5,837.6% in 24 hours and Shibarium network maintaining robust transaction volume above 4.5 million daily.

Technical analysts observe compelling chart patterns, including a monthly demand base described as "strong" by trader Vegeta and a cup-and-handle formation identified by Joe Swanson that suggests 70% upside potential. Institutional interest appears to be growing, with a Coinbase Prime-linked wallet accumulating 193.4 billion SHIB ($2.37M) during a period of price consolidation.

The confluence of whale accumulation, accelerating token burns, and sustained network activity creates a rare trifecta of positive indicators for the dog-themed cryptocurrency. Retail traders are taking notice, with IntoTheBlock data showing increasing participation from smaller wallets.

BlackRock's Ethereum ETF Defies Market Outflows as Rivals See $152M Exodus

Ethereum faced a 9% price drop this week, briefly falling below $3,300 before recovering. The downturn triggered $152.3 million in outflows from ETH ETFs on August 1st—the first withdrawals in three weeks. VanEck, Bitwise, and Grayscale led the retreat with $47.7 million, $40.3 million, and $37.2 million exits respectively.

BlackRock's ETH ETF emerged as the sole exception with zero outflows, signaling institutional conviction amid volatility. "The firm's strategic patience contrasts with reactive moves by competitors," observed one market analyst, noting its history of long-term crypto positioning.

Coinbase and Fidelity recorded minor outflows under $10 million, while mid-sized players like 21Shares and Franklin Templeton saw single-digit million withdrawals. The divergence suggests growing stratification in institutional crypto products.

a16z Warns of 'Chokepoint 3.0' as Banks Restrict Crypto and Fintech Access

Traditional financial institutions are escalating efforts to stifle competition from crypto and fintech platforms by imposing exorbitant fees and outright blocking transactions, according to Alex Rampell of Andreessen Horowitz. Dubbed "Operation Chokepoint 3.0," these tactics follow the Biden administration's earlier regulatory crackdown on crypto banking access.

JPMorgan Chase stands accused of leading this charge, leveraging high costs for account data access and fund transfers to services like Coinbase. The MOVE echoes Operation Chokepoint 2.0's debanking campaign, though now driven by private sector actors rather than federal regulators.

Coinbase's Satirical 'Everything Is Fine' Campaign Highlights UK Economic Woes

Coinbase has taken a bold departure from typical crypto advertising with its darkly comic 'Everything Is Fine' campaign. The spot, created with agency Mother and directed by Steve Rogers, skewers the UK's economic anxieties—inflation, housing crises, and financial instability—through surreal visuals of domestic decay. A leaking roof collapses. Rats scurry through garbage. The narration insists all is well.

Ad Age praised the campaign's cultural savvy and originality, noting its stark contrast to crypto ads fixated on technological utopias or get-rich-quick promises. Coinbase instead mirrors the quiet dread of consumers facing eroded purchasing power—a reality traditional financial institutions rarely acknowledge so explicitly.

The timing is deliberate. Released amid heightened public awareness of economic fragility, the campaign positions crypto as a hedge against systemic failures. No coins or exchanges are directly promoted, but the subtext aligns with Bitcoin's narrative as 'digital gold' during inflationary periods.

Crypto Weekly Roundup: White House's Digital Asset Roadmap and Market Developments

The WHITE House unveiled a comprehensive strategy to position the U.S. as a global leader in digital asset innovation, signaling heightened institutional engagement with blockchain technology. Bitcoin's market dominance slipped from 66% to 60.5%, creating breathing room for altcoins to stage rallies.

DeFi witnessed both progress and growing pains. Brickken's tokenized assets gained compatibility with Credefi's upgraded lending platform, enabling USDC loans against real-world collateral. Hyperliquid's decentralized exchange faced scrutiny after a 27-minute API outage locked traders out during volatile conditions. Meanwhile, SquadSwap prepares to challenge centralized exchanges with a sophisticated new interface for BNB Chain traders launching in mid-2025.

Coinbase continues its evolution into a full-spectrum crypto platform, announcing upcoming support for tokenized stocks and derivatives for U.S. users. India's CoinDCX rebuffed acquisition rumors following a $44 million security breach, reaffirming its commitment to the local market.