Coinbase Listing Buzz Drives Bitcoin Past $119K and Altcoins Surge

Bitcoin has soared beyond $119,000, sparking a significant market rally as altcoins gain over 5%. This surge follows Coinbase's announcement of adding the WCT Token—developed by Reown for wallet-to-dApp connectivity—to its listing roadmap. Coinbase's strategic pre-listing approach has managed to curb volatility while keeping trader enthusiasm high. Historical trends indicate the WCT Token could be listed within days, further fueling market optimism.

Bitcoin Surpasses $119,000 as Altcoins Rally on Coinbase Listing News

Bitcoin surged past $119,000, fueling a broader market rally as altcoins posted gains exceeding 5%. The momentum follows Coinbase's latest listing roadmap addition—the WCT Token, developed by Reown as a wallet-to-dApp connectivity protocol.

Coinbase's pre-listing announcement strategy has dampened volatility while maintaining market excitement. Historical patterns suggest WCT could be listed within days, having already triggered an 11% price spike to $0.3649 post-announcement.

Exchange-driven liquidity injections continue to benefit platforms and traders alike. New listings like WCT expand investor options while reinforcing crypto's growth trajectory—bullish signals compound as institutional-grade infrastructure meets retail demand.

Circle Internet Group (CRCL) Stock Rises on USDC Growth and Strong Q2 Earnings

Circle Internet Group's shares saw a notable uptick following robust second-quarter results, driven by a 90% year-over-year surge in USDC circulation. The stablecoin's adoption pushed its supply to $61.3 billion by quarter-end, climbing further to $65.2 billion by mid-August. Revenue jumped 53% to $658 million, fueled by transaction volume and reserve income growth.

The company's performance underscores the accelerating demand for stablecoins in global payments and decentralized finance. Circle's upcoming $1.2 billion IPO and strategic partnerships signal further expansion, with USDC emerging as the fastest-growing major stablecoin. This growth indirectly benefits Ethereum, as increased USDC circulation drives higher demand for ETH-based transactions.