Bitcoin experienced a significant drop, falling below $115,000 on Coinbase as global markets reacted to new tariff announcements. The cryptocurrency hit a three-week low of $114,250 during Asian trading hours, marking its weakest level since June 11. This decline represents a 6.5% retreat from July's all-time high of $122,800, breaking through a key support band that had been holding between $115,000 and $118,000 for weeks. The market turbulence followed former President Trump's executive order imposing new tariffs on several nations, including Canada and Switzerland. While key allies like the EU were reportedly spared from these measures, the broader financial markets showed signs of stress, with Bitcoin being particularly affected. This development underscores the cryptocurrency's growing sensitivity to macroeconomic factors and geopolitical events, as digital assets continue to mature within the global financial ecosystem. The Coinbase platform, as one of the leading cryptocurrency exchanges, served as the primary venue for these price movements, highlighting its continued importance in the digital asset markets.
Bitcoin Slides Below $115K as Tariff Shock Hits Markets
Bitcoin plunged to a three-week low of $114,250 on Coinbase during Asian trading hours, marking its weakest level since June 11. The drop reflects a 6.5% retreat from July's all-time high of $122,800, breaching the $115,000-$118,000 support band that had held for weeks.
Market turbulence followed former President Trump's executive order imposing new tariffs on Canada, Switzerland, and other nations. While key allies like the EU and Japan secured exemptions, the move triggered $630 million in long liquidations and $110 billion in spot market outflows across crypto and traditional assets.
Despite the pullback, Bitcoin closed July at $115,784 - still notching its highest monthly candle in history. Analysts attribute the volatility to macroeconomic uncertainty rather than crypto-specific factors, with LVRG Research noting 'tariff deadline fear' as a primary driver.
XRP Overtakes Ethereum in Coinbase Q2 2025 Revenue Amid Market Shift
XRP eclipsed ethereum in transaction revenue share on Coinbase during Q2 2025, capturing 13% of the platform's trading income compared to ETH's 12%. The rally marks a dramatic reversal for the token, which was delisted in 2020 before its July 2023 reinstatement.
Bitcoin maintained dominance with 34% of Coinbase's $764 million quarterly transaction revenue. XRP's H1 2025 performance proved even stronger at 16% share, while Ethereum trailed at 11%. The exchange holds $1.3 billion in BTC reserves but shows minimal treasury exposure to XRP.
The resurgence reflects shifting trader sentiment following Ripple's partial legal victory against the SEC. Market participants appear to be rewarding clarity—XRP's revenue share was negligible just twelve months prior.
Coinbase Expands into Tokenized Stocks and Prediction Markets for US Users
Coinbase is positioning itself as an 'everything exchange' with plans to introduce tokenized stocks, derivatives, and prediction markets to its US platform. The MOVE signals a strategic push to consolidate traditional and crypto assets into a single on-chain trading environment. Max Branzburg, Coinbase's VP of Product, emphasized the vision of creating a faster, more accessible global economy by bringing all assets on-chain.
Regulatory tailwinds appear to favor the rollout, with Coinbase uniquely positioned to offer tokenized equities in the US—unlike competitors such as Kraken, which has restricted similar offerings to non-US markets. The exchange's timing aligns with evolving frameworks that increasingly accommodate crypto innovation.
Subzero Labs’ Rialo Aims to Reverse Developer Exodus with $20M Pantera-Backed Blockchain
Subzero Labs has emerged from stealth with a $20 million funding round led by Pantera Capital, joined by Coinbase Ventures and Hashed. The team, composed of veterans from Meta, Netflix, Solana, and Diem, is building Rialo—a blockchain designed to simplify decentralized app development by prioritizing real-world integration.
Rialo’s event-driven architecture and native web connectivity aim to eliminate the infrastructure headaches that plague developers. Unlike typical layer-1 projects focused on throughput, Rialo tackles the fragmented tooling that forces builders to waste time on oracles, bridges, and APIs instead of Core innovation.
The Pantera-backed network could rewrite blockchain usability rules if it succeeds in attracting developers back to crypto. Its Web2-like reactivity challenges the status quo, offering a potential solution to the industry’s retention crisis.
Coinbase Share Price Drops 15% After Q2 Revenue Misses Estimates
Coinbase shares tumbled sharply following a disappointing second-quarter earnings report. The cryptocurrency exchange posted revenue of $1.5 billion, falling short of Wall Street's $1.6 billion expectation. While representing a 3% year-over-year increase, the figure marked a 26% decline from Q1 2025.
Transaction revenue slipped 2% to $764.3 million amid sluggish trading volumes, though subscription services grew 9.5% to $655.8 million. Stablecoin-related revenue provided a bright spot, surging to $332.5 million. Adjusted profits cratered to $33.2 million from $294.4 million in the prior-year period.
The market reaction was swift and severe. Shares plunged 8% in after-hours trading on July 31, extending losses to nearly 15% by week's end. The selloff erased over $14 billion in market capitalization as investors reassessed the company's valuation relative to fundamentals.
MicroStrategy and Metaplanet Ramp Up Bitcoin Accumulation as Coinbase Navigates Shifting Crypto Dynamics
MicroStrategy is positioning itself to hold the largest corporate treasury in history—Bitcoin or otherwise—with plans to acquire 3-7% of Bitcoin's total supply. The company aims to raise $4.2 billion through preferred stock offerings to fuel its aggressive accumulation strategy. At current valuations, MicroStrategy would need bitcoin to surpass $225,000 to rival Berkshire Hathaway's $328 billion cash reserve.
Meanwhile, Tokyo-based Metaplanet has unveiled a $3.7 billion Bitcoin purchasing initiative, targeting 210,000 BTC by 2027. The move signals growing institutional conviction in Bitcoin as a treasury asset.
Coinbase's Q2 earnings revealed a 25% revenue decline to $1.5 billion, reflecting broader market headwinds. Notably, XRP unexpectedly surpassed Ethereum as a transaction revenue driver, highlighting shifting altcoin dynamics.
