Coinbase Wallets Surpass 1 Million Users as Crypto Market Shows Steady Growth
The cryptocurrency market continues to demonstrate resilience, with the global market cap slightly increasing by 0.2% to reach $4.06 trillion. Daily trading volume remains stable at $109 billion, reflecting sustained investor interest. Bitcoin maintains its leading position with a dominance of 57.5%, while Ethereum follows at 13.3%. In a significant milestone, Coinbase has announced that its wallets have surpassed 1 million users, underscoring the growing mainstream adoption of digital assets. AUTO has emerged as the top performer among major cryptocurrencies, although specific price details were not disclosed. This development highlights the ongoing expansion and maturation of the crypto ecosystem as we move further into 2025.
Crypto Market RoundUp Aug 18: Coinbase Wallets Hit 1M, AUTO Leads
The global cryptocurrency market cap edged up 0.2% to $4.06 trillion, with daily trading volume holding steady at $109 billion. Bitcoin maintains its dominance at 57.5%, while Ethereum follows at 13.3%.
Coinbase achieved a milestone with its wallets surpassing 1 million users, signaling growing mainstream adoption. AUTO emerged as the top performer among major assets, though specific price action details weren't disclosed.
Coinbase Smart Wallets Hit 1M Users Following Base App Launch
Coinbase has surpassed one million accounts for its Smart Wallet product, marking a significant milestone in the adoption of its cryptocurrency infrastructure. The achievement follows the launch of the platform's Base application, which has accelerated user onboarding.
The growth underscores increasing institutional and retail interest in streamlined crypto wallet solutions. As a leading exchange, Coinbase's traction often serves as a barometer for broader market adoption trends.
SHIB Whale Moves 3 Trillion Shiba Inu Coins Amid Market Stagnation
A significant shiba inu (SHIB) holder transferred 3 trillion tokens, valued at approximately $38 million, from Coinbase to a private wallet. The move occurred as SHIB's price hovered near $0.00001299, with the token dipping 4% on the day of the transfer.
Whale Alert data confirms the tokens were not sold but relocated to self-custody, signaling continued confidence in the asset. Despite this, SHIB has failed to gain momentum, declining another 4% this week and remaining among 2025's underperforming cryptocurrencies.
The whale's retention of such a substantial position offers a counterpoint to bearish sentiment, suggesting institutional players maintain long-term exposure to the meme coin. Market observers note this contrasts with retail traders' growing impatience amid SHIB's prolonged stagnation.
