Coinbase Stock Jumps 40%—Is a Crypto Boom Coming?
Coinbase Global (COIN) has seen its stock surge 40% in June 2025, outpacing the S&P 500's 3% gain, driven by a favorable crypto regulatory environment and its partnership with stablecoin issuer Circle Internet Group.
With analysts like Bernstein raising COIN's price target to £408 ($559), implying a 48% upside, investors are buzzing about whether this signals a broader cryptocurrency boom.
Fueled by the Senate's passage of the GENIUS Act and Circle's blockbuster IPO, here's why Coinbase is soaring and what it means for the £1.6 trillion ($2.1 trillion) crypto market. Capitalise on Stablecoin Momentum
Coinbase's partnership with Circle, issuer of the USDC stablecoin, is a key driver of its rally. Circle's stock (CRCL) skyrocketed 750% since its 5 June 2025 IPO, climbing from £24.80 ($33.98) to £210.76 ($288.75), fueled by the GENIUS Act's passage, which boosts stablecoin regulatory clarity.
Investor's Business Daily noted on 24 June 2025 that Coinbase earns 15% of its revenue—roughly £240 million ($328 million) in Q1 2025, from USDC, sharing half its interest income with Circle.
Posts on X highlight Coinbase's role as a 'one-stop Amazon of crypto services' for crypto, with @CryptosR_Us calling it a 'one-stop Amazon' for trading and stablecoin services.
This stablecoin revenue, less volatile than trading fees, positions Coinbase to benefit from USDC's £48.8 billion ($66.8 billion) market cap, projected to hit £400 billion ($500 billion) by 2026. Ride Favorable Regulatory Tailwinds
The Senate's approval of the GENIUS Act, requiring stablecoins to be backed by liquid assets like US dollars, has bolstered investor confidence in regulated crypto firms like Coinbase.
Yahoo Finance reported on 20 June 2025 that the act could drive the stablecoin market to £1.6 trillion ($2.1 trillion) long-term, up from £208 billion ($285 billion) today.
Coinbase's compliance with US regulations, including its MiCA approval in Europe, enhances its appeal as a trusted platform.
Bernstein's Gautam Chhugani, cited by CNBC , called Coinbase 'the most misunderstood' crypto company, emphasizing its role in powering eight of 11 Bitcoin ETFs and handling £22 trillion ($30.1 trillion) in 2024 stablecoin transactions, surpassing Visa and Mastercard combined.
On X, @aixbt_agent praised Coinbase's 'backend rails' for 200+ regulated entities, signaling institutional trust. Expand Beyond Trading Revenue
Coinbase's diversification into payments, custody, and institutional services fuels its growth.
Its Coinbase Payments product, integrated with Shopify, leverages USDC for low-cost transactions, while its acquisition of Deribit, the largest crypto options exchange, strengthens its institutional offerings.
Nasdaq noted on 25 June 2025 that stablecoin revenue diversifies Coinbase's income, offsetting volatile trading fees. With a 'sparkling clean' balance sheet and a £76 billion ($104 billion) market cap—still below @ZaStocks' projected £80 billion ($100 billion) on X, Coinbase is poised for growth.
However, risks remain: Tether's 60% stablecoin market share and potential regulatory shifts could challenge margins, per MK . Seize the Crypto Renaissance
Coinbase's 40% stock surge in June 2025, backed by a £408 ($559) price target, reflects its pivotal role in a maturing crypto market.
The GENIUS Act and Circle's IPO have ignited optimism, with Coinbase's stablecoin revenue and diversified services driving growth.
While competition from Tether and regulatory risks loom, its infrastructure, powering ETFs, payments, and institutional trading, positions it as a crypto leader.
As the £1.6 trillion ($2.1 trillion) crypto market expands, Coinbase's rally could herald a broader boom, but investors must stay sharp to navigate volatility.
The future looks bright, yet vigilance is key, Coinbase is riding high, but the crypto wave demands steady hands.
Originally published on IBTimes UK
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The US rural communities bearing the brunt of Bitcoin mining – DW – 06/30/2025
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"Then, Atlas Holdings purchased the property." Retired nurse Beth Cain says research shows that constant noise "does affect people. It creates stress for your system," she said, adding that it's like "having tinnitus." But the unwanted soundscape is not the only concern locals share about the plant, which also discharges hot water into the lake and emits carbon dioxide and other greenhouse gases. Many in the community, including Yvonne Taylor, vice president of Seneca Lake Guardian, a grassroots environmental advocacy group in upstate New York, fear that Greenidge poses a threat to the broader region whose wineries and Mennonite farms are big visitor attractions. "[The wine and tourism industry] is our driving economic engine, and all of those jobs rely heavily on clean air and clean water for survival," Taylor said. Large-scale crypto-mining operations such as the one in Dresden consume massive amounts of energy, using thousands of computer servers to compete in solving mathematical problems that validate blockchain transactions. By 2021, the Greenidge facility was generating about 44 megawatts to mine Bitcoin, which is enough to power up to 40,000 homes — depending on their consumption levels. "Each one of those machines has to solve a puzzle. Each machine can solve that puzzle about 100 trillion times every second," said Colin Read, author of The Bitcoin Dilemma: Weighing the Economic and Environmental Costs and that requires a lot of energy, which generates a lot of emissions. Citing Greenidge's own data, the environmental law group Earthjustice said the facility emitted almost 800,000 tons of carbon dioxide and CO2 equivalents in 2023 — on a par with the tailpipe emissions of over 170,000 to the US Energy Information Administration, 137 cryptomining facilities were already operating in the country at the start of 2024. The current government has not yet released new figures, but Troy Cross, philosophy professor at Reed College in the US city of Portland and senior fellow at the nonpartisan Bitcoin Policy Institute expects that under self-proclaimed "crypto president" Donald Trump, Bitcoin companies will face fewer barriers when scouting for new mining locations. "Trump will make it easier for the large Bitcoin mining companies in the US, and especially in West Texas," he said, in reference to the state being a leading producer of coal and natural gas. 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Margot Paez, of the Bitcoin Policy Council, who studies cryptocurrency mining in New York State says Greenidge's decision to co-locate its Bitcoin mine with a natural gas plant is a "terrible" idea. But she adds that the site is just "one bad apple," suggesting that Bitcoin miners should tap into renewables or support grid balancing. In a draft environmental impact assessment of the 11 known crypto facilities within its borders, the state said the energy use from such operations "may contribute to challenges meeting New York's renewable energy transition goals." The Greenidge plant's water use is also a concern for residents and environmentalists. Keeping the crypto mining computers running without overheating requires massive amounts of water. The facility is permitted to draw up to 139 million gallons (525 million liters) from Seneca Lake every day and dump back as many as 134 million gallons. Having been used for cooling, however, the water returned to the lake is much warmer than when it was taken out. Temperatures range between 86 degrees Fahrenheit (30 degrees Celsius) in the winter and 108 F (42 C) in the summer — which some locals say makes the lake too warm for kayakers and swimmers to enjoy. Residents also worry the warm water could affect aquatic life and trigger more harmful algae blooms in the lake. In 2024, the state environment authorities recorded 377 algal blooms — up from 50 in 2023. Exposure to blooms can cause rashes, coughing, sore throat, stomach pain, and have been involved in legal action that has so far failed to halt the facility's operations. They are also part of a network of experts and activists from affected communities across 17 states that has reached out to Trump's crypto working group to explain the impacts of cryptocurrency policies on rural areas. They have not yet received a response. In Dresden, where some residents rent out their properties to visitors who come for the lake, there are fears that proximity to Greenidge will hurt the local rental market. Even 10 miles (16 kilometers) away in the city of Geneva, residents are concerned about the potential impact of the Bitcoin mining facility. Vinny Aliperti, owner of Billsboro Winery, said the plant hasn't affected his business yet — but he's confident it will. "Clean lakes are a big part of agrotourism. They're the reason people visit the area and the wineries," he said. Greenidge, which describes itself on its website as an "environmental leader in power generation and Bitcoin mining," had not responded to a request for comment by the time of publication. The Torrey Town Board, which governs Dresden, said the plant has complied with all its codes, including an independent noise study. "The Greenidge power plant has been an important part of the Town of Torrey since the 1930s, remaining so today as a valuable employer and community partner," it said. The crypto mine has contributed to the community by donating to Dresden's volunteer fire department and the village playground and supporting businesses in the region during theCOVID-19 pandemic. "They've done those things, but that's not something that we consider to be worth the trade-off of the pollution and the impact they're having on the environment," Buddington play this audio please enable JavaScript, and consider upgrading to a web browser that supports HTML5 audio
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The Bitcoin network has been inaccessible to most people since its inception, mostly because it operates as a domain for experts due to its complex nature. The path to becoming a miner includes three major challenges: purchasing costly equipment, learning technical operations, and finding affordable power sources. The current state of the industry has created a barrier that separates a vital segment of the crypto economy from the rest of the enthusiasts who want to participate. GoMining answers that question by changing the terms of engagement. With a significant footprint built over eight years, including 3.5 million users and a network of data centers with over 8.3 million TH/s of mining power, the platform is moving beyond the traditional model. Instead of asking users to become hardware experts, GoMining is transforming mining into an interactive digital experience. From hardware to digital miners The GoMining ecosystem is built around NFTs that represent a real-world share of Bitcoin mining hashrate called "digital miners." Instead of purchasing physical machines or navigating unclear cloud mining contracts, users acquire digital miners that generate daily Bitcoin rewards. In short, GoMining turns a complex industrial process into the ownership of a digital collectible with tangible utility by tokenizing hashrate. Each NFT is backed by a specific amount of computing power, ranging from 1 to 5,000 Terahashes per second (TH/s). Holders can upgrade their digital miners' hashrate and energy efficiency with a few clicks, simulating the experience of scaling a mining operation without the logistical friction. The daily Bitcoin yield from these NFTs is delivered directly to a user's chosen wallet, internal or external. Gamifying The Bitcoin Mining Experience GoMining reinvents the mining experience through gamification. 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The year laid important groundwork for establishing a public presence, including ambassadorships with figures like Khabib Nurmagomedov. 2022 saw the core product take shape with the first digital miner collection's release and the GoMining mobile app's launch. That year, the company focused on building the user-facing infrastructure, including an in-house payment gateway and the introduction of GOMINING token payments for services. By 2023, the project had achieved significant scale. The digital miners were listed on Binance, a new tokenomics model was introduced, and a crucial partnership with hardware producer Bitmain was formed. The company's hashrate grew exponentially, surpassing 3,000,000 TH/s with the launch of a new 50 MW data center. The expansion continued through 2024 and 2025. The platform acquired a $3 million investment from Bitscale Capital, obtained legal opinions for operations in the US and South Korea, and received a crypto license in the EU. The hashrate of the project jumped to 8,400,000 TH/s. Building a Bitcoin-Centric Ecosystem Gamified NFT miners form the base layer of a much broader strategy. GoMining is constructing a multifaceted ecosystem centered on Bitcoin, with its native GOMINING token serving as the economic backbone. Available on Ethereum, Solana and Binance Smart Chain (BSC), the token is used for digital miner NFT purchases, upgrades, and settling electricity fees, with users receiving a 10% discount if they choose to do so. Users can stake GOMINING for up to four years to earn yield and vote on important project decisions. The deflationary mechanism of GoMining's token, which involves community-regulated token burns and emissions, is designed to reduce circulating supply and align long-term incentives between the project and its users. This foundation supports an expanding suite of products. Miner Wars is a prime example of this gamified expansion. The game invites players to form clans and compete in timed rounds synchronized with the discovery of new Bitcoin blocks. Success within these 10-20 minute rounds depends on the cumulative hashrate of a clan's members, who can use boosts and other strategic elements to increase their score. Transforming mining into a collaborative and strategic contest, Miner Wars organizes clans into competitive leagues and rewards winners with BTC, adding a dynamic competitive layer. The future roadmap for GoMining includes a launchpad for new BTCfi projects to further integrate the GOMINING token and leverage its growing community. In addition, GoMining has developed a strategic capital division, GoMining Institutional to cater to larger-scale participants. A $100 million Bitcoin mining fund from GoMining Institutional offers annual distributions from mining yield for institutions. The Bigger Picture: Onboarding the Masses to Mining GoMining's strategy mirrors a bigger trend in the crypto industry: making complex financial systems more accessible. It aims to lower obstacles such as high capital requirements, operational expertise, and access to cheap power that have limited Bitcoin mining to a specialized few. GoMining opens up a more approachable entry point as it virtualises the physical infrastructure into a tradable digital asset. The model converts the industrial element of hashrate into a digital component of a game-like economy. The community's rising engagement points to a strong appetite for this approach. GoMining presents a compelling case study on how gamification can onboard a new generation of users to one of crypto's most fundamental activities.
