ChainCatcher news, Galaxy Digital founder Mike Novogratz stated on social media, "Whether you are a fan of Meme coins or not, they have become a cornerstone of the crypto economy. In today's market, Meme coins are one of the most influential narratives."

ChainCatcher news, Coinbase officially stated that the U.S. SEC has approved 11 Bitcoin spot ETFs, 8 of which are in partnership with Coinbase, marking a watershed moment for the expansion of the crypto economy. Various Bitcoin spot ETFs launched by the world's largest asset management companies will attract a diverse range of new investors, stimulating long-term growth and product innovation.Coinbase stated that cryptocurrencies will continue to exist, and Bitcoin spot ETFs will further expand the adoption of cryptocurrencies. Applications for Ethereum spot ETFs may soon be approved.In response, Coinbase's Chief Legal Officer Paul Grewal also stated: "We should all thank Grayscale for resisting the SEC's arbitrary and capricious actions, which cleared the way for the approval of Bitcoin spot ETFs."

ChainCatcher news, Bitfinex analysts indicate that the potential market value of the crypto economy could rise to $3.2 trillion in the context of historical pullbacks and market fluctuations. The latest Bitfinex Alpha report states that the cryptocurrency fear and greed index has shifted to "extreme greed," suggesting that Bitcoin is at a mid-cycle peak in a bull market, indicating that the market is in a vibrant phase. Bitfinex researchers explain that the growing interest of institutional investors in crypto assets, particularly Bitcoin, is crucial. The highly anticipated spot Bitcoin ETF serves as a catalyst, potentially redirecting some funds into higher-risk crypto assets. Nevertheless, Bitfinex strategists state that Bitcoin is expected to maintain its favored position in institutional portfolios, especially in the first half of 2024.

ChainCatcher news, according to TechCrunch, Coinbase is launching its subscription service Coinbase One in 35 countries to retain users and increase recurring revenue streams as the crypto economy struggles through the bear market.It is reported that Coinbase One was initially launched in beta in the fall of 2021 and will be publicly available starting today in the United States, the United Kingdom, Germany, and Ireland. The company plans to roll out the service in 31 other European countries in the coming months.Phil McDonnell, Senior Director of Product Management at Coinbase, stated that the subscription service offers many features, including no trading fees, higher staking rewards, 24/7 customer support, and pre-filed tax documents. (source link)