Thumzup Media’s $50M Crypto Strategy: Ethereum, Dogecoin, and Solana Holdings via Coinbase

Thumzup Media Corporation, a Nasdaq-listed company, has announced a bold move into the cryptocurrency space by allocating its recent $50 million public offering towards digital asset accumulation and mining infrastructure. The company is focusing on Ethereum, Dogecoin, and Solana as core holdings while also investing in energy-efficient mining operations. This hybrid strategy, combining direct asset acquisition with mining, is uncommon among public firms and highlights Thumzup's bullish stance on the future of digital assets. The offering, priced at $10 per share, underscores the company's commitment to leveraging the growing crypto market. This development is particularly noteworthy for Coinbase users, as Thumzup's strategy may involve trading and custody solutions through the platform. The move reflects a growing trend of traditional media companies diversifying into blockchain and digital assets, signaling further mainstream adoption of cryptocurrencies.

Thumzup Media Allocates $50M Public Offering to Crypto Treasury and Mining Expansion

Thumzup Media Corporation has pivoted decisively toward digital assets, deploying capital from its recent $50 million public offering into cryptocurrency accumulation and mining infrastructure. The Nasdaq-listed company is targeting Ethereum, Dogecoin, and solana as core holdings while building energy-efficient mining operations—a hybrid strategy rare among public firms.

The offering, priced at $10 per share and facilitated by Dominari Securities, signals institutional confidence in both proof-of-stake assets and meme coins. Thumzup's partnership with Coinbase provides treasury management infrastructure, including Bitcoin-collateralized credit facilities for liquidity management.

This MOVE coincides with the U.S. cementing its position as the global hub for cryptocurrency innovation. The company's original ad-tech business now serves as a springboard for its ambitious digital asset strategy, blending treasury accumulation with operational blockchain participation.

Bitcoin Bulls Eye Record Run as $126K Emerges as the Next Big Battlefield

Bitcoin surged past $122,000 in early trading Wednesday, briefly entering price discovery mode before retracing. The rally was fueled by over $500 million in short liquidations across the market within 24 hours, according to CoinGlass data. Analysts now view $120,000 as established support, with $126,000 as the next critical resistance level.

Ethereum followed suit, climbing to $4,726—just $150 shy of its all-time high. Institutional demand appears robust: BitMine announced a $20 billion capital raise dedicated to ETH accumulation, while Coinbase reported 75% institutional trading volume dominance on Tuesday. This suggests the current uptrend is driven by smart money positioning rather than retail speculation.

"Bitcoin has fully confirmed its breakout from the Bull Flag pattern," noted analyst Rekt Capital. The $126,000 level now serves as the pivotal marker—a decisive close above it could trigger accelerated price discovery for both BTC and ETH.

Coinbase Revives USDC Liquidity Fund to Compete in DeFi Dominated by Tether

Coinbase has relaunched its Stablecoin Bootstrap Fund, targeting increased liquidity for USD Coin (USDC) across major decentralized finance protocols. The initiative aims to bolster USDC's market position against Tether (USDT) while supporting DeFi lending and trading platforms.

Phase one will deploy USDC to Ethereum-based Aave and Morpho, alongside Solana's Kamino and Jupiter. Coinbase Asset Management will oversee the deployments, focusing on stable interest rates across both mature and emerging DeFi ecosystems. The exchange's history with the fund—including $1 million allocations to Compound and DYDX in 2019—proved instrumental in USDC's early DeFi adoption.

The move underscores Coinbase's dual strategy: nurturing fledgling projects while reinforcing USDC's foothold in a stablecoin market where Tether commands a 69% dominance. Though the revived fund's size remains undisclosed, its reactivation signals aggressive steps to reshape stablecoin dynamics in DeFi.

Norway’s $1.5Tn Pension Fund Quietly Accumulates $863M Bitcoin Exposure

Norway’s Government Pension Fund Global now holds indirect exposure to 7,161 BTC through corporate investments—a position that surged 193% year-over-year. The $1.5 trillion sovereign wealth fund increased stakes in Bitcoin-heavy firms like MicroStrategy, Block, and Coinbase, effectively allocating 1,387 kroner per citizen without formal crypto mandates.

Oslo’s temporary ban on proof-of-work mining redirects focus toward institutional services. The nation’s clean energy surplus and robust legal framework position it as a potential hub for custody solutions and regulated market infrastructure, despite restrictive mining policies.

Estonian Banker's Lost Ethereum Wallet Now Holds Over $1 Billion in ETH

Rain Lõhmus, an Estonian banker, has lost access to a wallet containing 250,000 ETH purchased during Ethereum's 2014 presale. With ETH briefly surpassing $4,700 this week, the stranded assets are now valued at approximately $1.2 billion—triple their worth in October 2023.

Lõhmus publicly acknowledged the loss in 2023, stating he WOULD consider credible recovery assistance. On-chain data from Arkham Intelligence reveals only minor dust transfers, with no substantial withdrawals from the identified address. The wallet was linked to Lõhmus by Coinbase product director Conor Grogan.

The case underscores the persistent vulnerabilities of self-custody in crypto. Lõhmus compared the situation to a smaller Bitcoin loss, emphasizing the systemic risks of private key management. "I absolutely agree that this is a very weak point of this system," he remarked.

Coinbase Partners with Solana’s Squads to Drive USDC Adoption

Coinbase has announced a strategic collaboration with Squads, a platform built on Solana, to accelerate the adoption of USDC across the ecosystem. This move strengthens USDC’s role in decentralized finance (DeFi) and follows earlier integrations with major DeFi platforms.

Squads, founded in 2021, has already secured significant traction within its product suite, processing substantial transaction volumes over the past 18 months. Its offerings include a USD-denominated stablecoin solution and a consumer-focused finance app—both already powered by USDC.

The partnership reflects broader market trends in stablecoin adoption, driven by institutional interest and DeFi growth. Coinbase aims to solidify USDC’s position as the default stablecoin for Solana-based applications, including wallets and protocols.

“Squads is advancing on-chain stablecoin adoption across Solana,” said Coinbase’s Chief Business Officer. “We’re excited to support their DEEP USDC integration and deliver more value to users.”

Analysts anticipate other protocols may follow suit as both companies target the expanding stablecoin market.