SShortSingh.
Back to feed

Coinbase's Jesse Pollak hands Base app leadership to Cobie after strategy setback

0
·3 views

Jesse Pollak, a key figure at Coinbase, is stepping back from his leadership role overseeing the Base app. Pollak acknowledged that his crypto social strategy had not succeeded as intended. He announced that Jordan Fish, widely known online as 'Cobie,' will take over leadership of the Base app team. The transition marks a notable shift in direction for the Base project under new management.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Dormant Bitcoin Wallet From 2017 Bull Run Moves $383 Million After Years

A Bitcoin wallet that had been inactive since the 2017 market peak has suddenly transferred approximately $383 million worth of cryptocurrency. The funds were moved to a newly created address rather than being sent to a cryptocurrency exchange. This suggests the owner has not yet sold the holdings, as exchange deposits typically precede a sale. The movement of long-dormant wallets often draws attention in crypto markets as it can signal potential large sell-offs.

0
Crypto & Web3CoinDesk ·

Ether Outpaces Bitcoin as ETF Inflows Return, Led by BlackRock

Ether has outperformed Bitcoin in recent trading, posting stronger gains as ETF capital begins flowing back into the market. The rally in Ether has been largely driven by inflows into BlackRock's ETF product. Bitcoin recorded a comparatively modest gain of around 4% over the same period. The move does not reflect a broad crypto market rally, as major altcoins including Solana, TRON, and Hyperliquid all declined during the same stretch.

0
Crypto & Web3CoinDesk ·

Bitcoin Nears $65,000 on Soft Inflation Data as Two Investor Groups Sell

Bitcoin surged close to $65,000 after U.S. inflation data came in softer than expected, boosting investor sentiment across risk assets. The cooler inflation figures prompted a notable price bounce for the leading cryptocurrency. However, on-chain data revealed that two distinct groups of Bitcoin investors chose to sell into the rally rather than hold. This selling pressure from these cohorts suggests some market participants are using the price rise as an exit opportunity. The divergence between price momentum and on-chain behavior signals a cautious undercurrent despite the headline gains.

0
Crypto & Web3CoinDesk ·

DTCC Executes First Live Trades Using Tokenized Securities on Blockchain

The Depository Trust and Clearing Corporation (DTCC) has completed its first live production trades involving tokenized securities, marking a significant milestone for Wall Street's blockchain ambitions. The move signals a shift from experimentation to real-world application of distributed ledger technology in mainstream financial infrastructure. DTCC, which processes trillions of dollars in securities transactions annually, is among the most influential post-trade institutions in the United States. The development suggests that blockchain-based settlement and trading systems are moving closer to practical adoption within traditional finance.