Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement

Ethereum is up $107.55 today or 2.81% to $3937.53

• Largest percentage increase since Oct. 19, 2025, when it gained 2.92%
• Up two consecutive days, up 4.19% over this period
• Best two day stretch since the two days ending Oct. 13, 2025, when it rose 15.7%
• Up 2.12% this week
• Best weekly performance since the week ending Oct. 3, 2025, when it rose 13.01%
• Down 6.09% month-to-date; On pace for worst month since March 2025 when it dropped 18.10%
• Up 17.72% year-to-date
• Down 20.54% from its all-time intraday high of $4955.23 on Aug. 24, 2025
• Up 59.29% from 52 weeks ago (Oct. 25, 2024), when it traded at $2471.94
• Up 175.61% from its 52-week intraday low of $1387.85 on April 9, 2025
• Traded as high as $3998.77
• Up 4.41% at today's intraday high; Largest intraday % increase since Oct. 12, 2025, when it was up as much as 13.45%

Note: The Ethereum price is a 5 p.m. ET snapshot from Kraken

Data compiled by Dow Jones Market Data

Shares of Coinbase Global Inc. (COIN) rallied sharply on Friday after JPMorgan Chase upgraded the cryptocurrency exchange, highlighting new monetization opportunities tied to its Base network and USDC payout strategy.

The bank’s analysts lifted their rating to “Overweight” from “Neutral” and raised their price target to $404 per share, implying roughly 15% upside from current levels.

JPMorgan said Coinbase is “leaning into” its Base layer-2 blockchain and exploring ways to better capture value from the platform’s growth. 

The bank estimated that the launch of a Base token could represent a $12 billion to $34 billion market opportunity, with Coinbase’s retained share potentially worth $4 billion to $12 billion. Analysts noted that the token’s distribution would likely prioritize developers, validators and the Base community.

The report also pointed to margin expansion potential from changes to Coinbase’s USDC (USDC) rewards program. JPMorgan said Coinbase may reduce interest rewards for most users while offering them primarily to Coinbase One subscribers — a move that could add about $374 million in annual earnings at current USDC yields and interest rates.

Following the upgrade, COIN shares surged more than 9% on Friday to about $353. The stock is now up about 42% year-to-date, lifting Coinbase’s market capitalization to roughly $90.6 billion.

JPMorgan analysts said Coinbase could unlock up to $34 billion in value through the eventual launch of a Base network token, calling it a major new monetization path alongside the company’s push into USDC yields and onchain trading.

The report, published Friday by JPMorgan’s equity research team, raised Coinbase’s rating and lifted its December 2026 share price target to $404, citing “emerging monetization opportunities and abating risks” as the company leans further into its Layer 2 ecosystem and stablecoin economics.

JPMorgan said a Base token could “equitize the success” of Coinbase’s Ethereum-based Layer 2 network, which launched in August 2023 and has since grown to more than $5 billion in total value locked and over 9 million daily transactions according to DefiLlama data.

Coinbase Base TVL and Daily Transactions. Source: DefiLlama

Based on current network activity and “lofty token economics,” the bank modeled a $12 billion to $34 billion market cap over time, with Coinbase likely retaining 40% of supply equal to roughly $4 billion to $12 billion in equity value.

The projection follows Coinbase’s own recent comments suggesting it is “beginning to explore” a native token for Base. At the BaseCamp conference in Vermont last month, Base creator Jesse Pollak said a token could accelerate decentralization and “expand opportunities for builders.” CEO Brian Armstrong later confirmed on X that Base is exploring the idea but has “no definitive plans.”

JPMorgan also pointed to Coinbase’s USDC yield program as a potential margin lever. The firm currently passes most of the interest it earns from Circle’s USDC reserves, about $400 million per year, back to customers as rewards.

But analysts said Coinbase is evaluating a change that would limit those payouts to Coinbase One subscribers, similar to the tiered model used by Robinhood Gold. If regular users stopped earning yield, Coinbase could retain roughly $374 million annually that it now distributes to customers.

Finally, analysts pointed to Coinbase’s integration of a DEX aggregator within the Base app as a way to hedge against the growth of decentralized exchanges, which now account for roughly 25% of total spot crypto trading volume.

Coinbase shares are trading around $355 according to The Block price data, making JPMorgan’s $404 price target by next December appear attainable, especially given the stock’s record high near $430 in July, when the GENIUS Act stablecoin bill was passed.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Tether, the El Salvador-based issuer of the largest stablecoin by market capitalization, is looking to post a massive $15 billion in profit this year.

The leading stablecoin issuer declared its year-to-date profit expectations on Friday, October 24, sparking discussions across the crypto community.

Tether sets 'insane' target following 99% profit margin 

The jaw-dropping profit target positions Tether as a leading force in both the traditional finance and digital asset sectors. Amid the broad crypto market buzz, ETF analyst Nate Geraci has shown surprising reactions, calling the numbers “insane.”

Furthermore, Geraci noted that Tether is operating with a 99% profit margin and has about $183 billion USDT in circulation. Hence, the targeted YTD returns appear realistic considering Tether’s impressive performance over the year.

Tether CEO Paolo Ardoino issued comments disclosing the drive behind the eye-catching profit target. Ardoino revealed that a large number of companies have approached Tether with offers to buy in.

Some of the companies it is already in talks with include SoftBank Group and Ark Investment Management — two names that could bring powerful mainstream partnerships to the crypto giant. With these discussions, Tether is looking to raise up to $20 billion for a 3% equity stake.

Tether hits 500 million users milestone 

As Tether continues to achieve significant milestones in recent months, it has also garnered increasing interest from investors worldwide.

Just a few days ago, the Tether boss revealed that the firm has surpassed a massive 500 million users worldwide — a milestone tagged as the biggest financial inclusion achievement in history.

With these impressive achievements, it appears that Tether has set a realistic target, one it may ultimately surpass by the end of the year.

Furthermore, one of its major achievements is the recent launch of a highly regulated U.S.-based stablecoin, which will be spearheaded by former White House official Bo Hines, driving more attention to the leading cryptocurrency USDT.

Crypto industry executives and analysts are speculating whether Binance, the world’s largest crypto exchange by trading volume, will re-enter the United States following the pardon of Binance founder Changpeng “CZ” Zhao on Thursday.

“Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” CZ wrote in an X post after he received a pardon from US President Donald Trump.

He also changed his X social media bio from “ex-Binance” to just “Binance” in recent days, adding more fuel to rumors of CZ’s return to Binance and the exchange’s prospects of staging a return to the US, according to Bloomberg.

New York, United States, October 24th, 2025, Chainwire

Astros today launched its perpetual DEX on Sui, a network that has scaled to $2.6 billion in total value, positioning the network to compete in what has become DeFi's most lucrative sector.

Perpetual futures have emerged as the dominant force in crypto trading. Perp DEXs now account for 26% of the crypto-derivatives market, a large increase from the single-digit share they held a year prior, reaching $1 trillion in monthly trading volume for the first time. 

The last three weeks have proven just how explosive this opportunity can be. Aster, BNB Chain's flagship perp DEX, became the second-largest protocol with over $13M daily fees, surpassing Circle, Uniswap, Jupiter, and Hyperliquid. Arbitrum is also scaling its native perp infrastructure, Base is attracting perp builders with incentives and even newer L1s like Monad are prioritizing perpetual trading in their launch strategies. The message is clear, every major blockchain needs a flagship perp DEX to capture user attention, trading volume, and most critically, sustainable on-chain revenue.

"Perp DEXs have become the ultimate litmus test for a blockchain's ability to handle real financial infrastructure," said Jerry Liu, founder of Astros. "Sui's performance advantage gives us the foundation to compete at the highest level."

Built natively on Sui, Astros Perp DEX enters this competitive landscape with a structural advantage, a direct integration with NAVI Protocol's $1 billion in lending capital. Rather than relying on mercenary liquidity or unsustainable token emissions, Astros creates a self-reinforcing loop where trading activity generates real yield for lenders, and lending capital provides the liquidity depth traders demand.

This integration unlocks a more seamless and rewarding experience whereby traders gain deeper liquidity and better leverage conditions, while lenders enjoy higher and more stable yields generated by real trading activity.

For Sui, Astros represents the next phase of ecosystem maturity. Where DeFi 1.0 was defined by isolated lending and swapping protocols, Astros signals a shift toward integrated financial infrastructure where trading, lending, and liquidity provision work as a unified system.

"Perp DEX is no longer a casino. Its true value lies in powering capital efficiency, enabling funds to flow seamlessly across perp, lending, staking, and other DeFi modules. When these components connect, on-chain finance evolves from speculation to a self-sustaining economy," said Jerry, founder of Astros. 

The platform has already secured integrations with major wallets including OKX, Binance, KuCoin, and Gate, ensuring seamless access for Sui's growing user base.

"We're not just building another perp DEX," Jerry added. "We're establishing the liquidity backbone that will define Sui's position in DeFi's next decade."

Learn more at https://astros.ag/perp/SUI-USD

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