LTC Gains DeFi Momentum as Coinbase Integrates Wrapped Litecoin on Base Network
Coinbase has taken a significant step toward enhancing crypto interoperability by introducing wrapped Cardano (cbADA) and Litecoin (cbLTC) on its ethereum layer-2 network, Base. This strategic integration, announced on June 28, 2025, aims to bridge decentralized ecosystems and unlock DeFi access for previously dormant assets like ADA and LTC. The move marks a pivotal moment for Litecoin holders, who can now seamlessly participate in Ethereum's thriving DeFi landscape. By wrapping these assets, Coinbase is effectively breaking down barriers between blockchain networks, allowing users to leverage their LTC holdings in a wide array of decentralized applications. This development not only boosts utility for Litecoin but also signals growing institutional confidence in multi-chain DeFi solutions. Analysts suggest this could drive increased demand for LTC as it gains exposure to Ethereum's liquidity pools and yield opportunities. The integration aligns with Coinbase's aggressive expansion strategy for Base, positioning it as a key player in cross-chain innovation. As wrapped LTC begins circulating on Ethereum's ecosystem, market watchers anticipate positive price momentum for the asset amid broader adoption in DeFi protocols.
Coinbase Expands Base Network with Wrapped Cardano and Litecoin Integration
Coinbase continues to push boundaries in crypto interoperability with the introduction of wrapped Cardano (cbADA) and Litecoin (cbLTC) on its Ethereum layer-2 network, Base. This strategic move aims to bridge decentralized ecosystems, unlocking DeFi access for dormant assets.
The integration marks a significant milestone for ADA and LTC holders, who can now tap into Ethereum's DeFi landscape. Coinbase's aggressive expansion underscores its commitment to shaping the future of cross-chain utility.
Market observers note this development follows recent additions of Doge and XRP, signaling a pattern of strategic asset integration that could reshape liquidity flows across blockchain networks.
Crypto Market Sees Marginal Decline as Bitcoin Consolidates Near $107,400
Bitcoin hovered around $107,402 after a slight 24-hour dip, continuing its consolidation between $107,000-$107,500. Ethereum mirrored the downtrend, slipping 1% to $2,415 after peaking at $2,532 earlier in the week.
Altcoins faced steeper losses: XRP dropped 4% to $2.09, while SOL fell 3% to $140. The bearish sentiment swept across DOGE, ADA, LINK, and other major tokens, with TON, LTC, and DOT all recording notable declines.
Contrasting the crypto slump, Coinbase shares surged to a record close of $369.21. "The liquidity spigot is wide open," observed Real Vision's Raoul Pal, noting similar rallies in Robinhood and Rocket Lab stocks. The exchange's stock now trades 3.3% above its November 2021 peak.
Grayscale's Q3 2025 Top 20 Reshuffle: AVAX and Morpho In, XRP and ADA Still Out
Grayscale Investments has recalibrated its Top 20 cryptocurrency list for Q3 2025, sparking debate with the inclusion of Avalanche (AVAX) and Morpho (MORPHO) and the removal of Lido DAO (LDO) and Optimism (OP). The persistent exclusion of XRP and Cardano (ADA)—despite their market stature and pending ETF decisions—remains a focal point for analysts.
Market observers note the irony in Grayscale's strategy: while the firm prioritizes emerging tokens like AVAX, it continues to sideline XRP and ADA even as regulatory tailwinds build. Bloomberg analysts peg a 95% likelihood of XRP and Litecoin ETF approvals, while Cardano's own application awaits an SEC verdict by mid-July.
The reshuffle underscores Grayscale's dynamic methodology, but the repeated omission of two altcoin heavyweights suggests either stringent selection criteria or anticipation of regulatory hurdles. With Morpho's debut signaling a tilt toward DeFi innovators, the moves reveal as much about Grayscale's thesis as they do about sector evolution.
