Market Analysis Report (04 Aug 2025)
Main Idea
Coinbase's Base blockchain has surpassed Solana in daily token launches due to increased activity on Zora, while the UK prepares to allow retail investors access to crypto ETNs, and a16z warns of major banks' tactics against crypto and fintech.
Key Points
1. Coinbase's Base blockchain has overtaken Solana in daily token launches, driven by a surge in creator coin activity on the social app Zora.
2. Zora users have minted over 1.6 million coins, traded by nearly 3 million wallets, generating $470 million in volume, largely driven by short-term speculation.
3. The UK regulator will open crypto ETNs to retail investors in October, allowing recognized exchanges to list ETNs that meet transparency and investor protection standards.
4. Andreessen Horowitz (a16z) warns of 'Operation Chokepoint 3.0,' where major U.S. banks are allegedly using high fees and data access restrictions to stifle crypto and fintech competition.
5. JPMorgan, among others, faces criticism for imposing high fees on third-party data requests, which some argue could bankrupt smaller fintech firms and violate consumer financial data access rights under the Dodd-Frank Act.
Description
Coinbase’s Base Overtakes Solana in Token Creation | UK Regulator to Open Crypto ETNs to Retail Investors in October | a16z Warns Big Banks Are Waging ‘Chokepoint 3.0’ Against Crypto and Fintech
