Two Promising Altcoins Poised for Coinbase Listing in August: MAMO and Euler (EUL)

As the cryptocurrency market heats up in August 2025, traders are keeping a close eye on two altcoins—MAMO and Euler (EUL)—which are rumored to be nearing a Coinbase listing. Historically, such listings often lead to significant price movements, a phenomenon known as the 'Coinbase effect.' MAMO, currently priced at $0.1637, has already seen a 15% surge in the last 24 hours and a 40% increase over the past week. With its Relative Strength Index (RSI) at 63.23, there's potential for further upward momentum. Meanwhile, Euler (EUL) is also gaining traction as market participants anticipate its potential listing. This development could bring heightened volatility and trading opportunities, making these altcoins ones to watch this month.

2 Altcoins Awaiting Coinbase Listing in August

Market participants are closely monitoring two altcoins—MAMO and Euler (EUL)—as they approach potential Coinbase listings in August. Historical patterns suggest such events often trigger significant price volatility, prompting traders to position early for the so-called 'Coinbase effect.'

MAMO, currently trading at $0.1637, has surged 15% in 24 hours and 40% over the past week. Its Relative Strength Index (RSI) at 63.23 signals room for further upside before overbought conditions emerge. A sustained demand could propel the token toward $0.1905, though a pullback to $0.1568 remains possible if sell-offs intensify.

EUL's details were truncated in the source material, but its inclusion on Coinbase's roadmap suggests similar speculative interest. The exchange's influence as a liquidity gateway continues to shape altcoin trajectories, with listings frequently acting as inflection points for market sentiment.

Base Surpasses Solana in Daily Token Launches Amid Zora and Farcaster Integration

Coinbase-incubated Layer 2 network Base has overtaken solana in daily token launches, driven by integrations with Zora and Farcaster. Data from CryptoRank and Dune Analytics shows Base's daily token deployments more than doubled Solana's at its peak, with a record 54,341 tokens launched on July 27.

The surge follows Zora's ERC-20 tokenization of social posts and Farcaster's decentralized distribution tools, creating a feedback loop of speculative activity. Automated Uniswap liquidity pools further incentivized the trend, propelling Base's daily volumes from 6,600 to over 45,000 tokens by month-end.

Coinbase Announces $2 Billion Convertible Note Offering Amid Market Volatility

Coinbase Global Inc. unveiled plans to raise $2 billion through a private convertible note offering, signaling strategic maneuvering after a disappointing second quarter. The Nasdaq-listed exchange's shares tumbled 15% on August 4 as revenue declines and rising operational costs spooked investors.

The structured offering targets institutional buyers with two tranches of senior unsecured notes maturing in 2029 and 2032. Proceeds will fund capped call transactions—a defensive MOVE against equity dilution—with residual capital allocated for corporate purposes including potential acquisitions. The notes convert to cash or Class A shares at Coinbase's discretion, with an optional $300 million upsizing clause.

Market observers interpret the capital raise as both a hedge against crypto volatility and preparation for strategic opportunities. Convertible debt instruments have become increasingly popular among growth-stage tech firms seeking flexible financing options during uncertain market conditions.

Base Network Suffers 33-Minute Outage Due to Sequencer Misconfiguration

Base, one of Ethereum's fastest-growing Layer-2 solutions, experienced a 33-minute halt in block production after its automated management tool, Conductor, misfired. The system erroneously routed operations to an underdevelopment sequencer incapable of processing live transactions—triggering a full network stoppage.

Engineers restored functionality by 6:40 a.m. UTC without requiring chain reorganization, preserving blockchain integrity. The incident underscores systemic vulnerabilities in Base's centralized sequencer architecture, where a single Conductor governs all transaction ordering. This design contradicts Ethereum's decentralized ethos and raises reliability concerns for projects building atop the network.

Layer-2 networks like Base rely on sequencers to batch transactions before ethereum settlement. While multiple sequencers exist, the Conductor's unilateral control over activation creates a critical single point of failure—a weakness starkly exposed during Tuesday's outage.

SPK Crypto Surges 280% in 30 Days Amid Staking Frenzy – Can August Sustain the Rally?

Spark Protocol's native token SPK has delivered a staggering 280% return over the past month, fueled by a combination of staking incentives and high-profile endorsements. The DeFi token's rally began in mid-July, peaking with a 400% surge from $0.036 to $0.19 before settling at current levels.

The momentum coincided with Bitcoin's record-breaking ascent above $120,000, which ignited a broader altcoin season. Spark Protocol capitalized on the bullish sentiment by launching Spark Farm, enabling stablecoin suppliers to earn SPK rewards, followed by Overdrive – a mechanism doubling yields for locked tokens.

Total value locked in the protocol swelled from $6.3 billion to $8.18 billion during the rally, demonstrating substantial network growth. However, the cooling Bitcoin market has introduced volatility, with SPK shedding some gains before rebounding 31% on August 4th.

Indian Authorities Uncover $29M Bitcoin Fraud Ring in Multi-City Raids

India's Enforcement Directorate has dismantled a sophisticated crypto fraud operation spanning 11 locations, including Delhi. The scheme involved perpetrators impersonating law enforcement and tech support agents to extort over $29 million in bitcoin from global victims.

Fraudsters laundered proceeds through USDT conversions via UAE-based hawala networks before authorities froze 18 Delhi properties under anti-money laundering laws. This crackdown follows a separate $4.7 million case involving a spoofed Coinbase website, signaling heightened scrutiny of crypto-related financial crimes.