Coinbase growth, ‘Project crypto’, Strategy IPO, Conviction overturned

Thanks, Rey.

Here's a look at your Coin Street headlines.

Coinbase is planning to expand its core trading app beyond crypto.

Now the newly imagined everything exchange will include tokenized real world assets, stocks, derivatives, prediction markets, and early stage token sales.

Now the new offerings will roll out in the next few months first to US users.

The announcement was made during Coinbase's earnings report, where it did miss 2nd quarter revenue.

Expectations.

The Securities and Exchange Commission debuted Project Crypto, an initiative to modernize securities regulations to allow for crypto-based trading.

The announcement comes amid a surge of interest in tokenization, the process of issuing digital representations on a blockchain of publicly traded securities or other assets.

SEC chair Paul Atkins discussed the importance of preventing crypto companies from being driven offshore by one. fits all rules and Michael Saler's strategy says it bought 21,000 Bitcoin after raising 2.5 billion from its fourth preferred stock.

STRC, making it the largest US initial public offering in 2025 so far.

Now in the meantime, strategy did beat earnings estimates.

The huge beat per share is largely because of changes in accounting rules that allowed strategy to factor in unrealized gains on its digital assets.

Which were 14 billion for the quarter ending in June.

Former Open Sea employee Nathaniel Chastain has successfully appealed his conviction for wire fraud and money laundering.

The US Court of Appeals for the Second Circuit ruled the jury was improperly instructed and could have convicted Chastain for unethical conduct rather than misappropriating a traditional property interest, a requirement under federal fraud statutes, and that is the latest Coin Street headlines.