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Coinbase Criticized Over Base Token Support as Traders Cite "Corporate Double-Speak" in 2025–2026
In late 2025 and early 2026, Coinbase came under renewed fire from Base ecosystem traders and developers, who accused the exchange of "corporate double-speak" over how it lists tokens and backs projects. Critics pointed to Coinbase's initial reluctance to list Base-native tokens, its preference for Solana meme coins, and uneven support for ventures like Arcadia and Giza, while CEO Brian Armstrong defended the firm's reliance on DEX integrations and positioned Coinbase as an "everything exchange."
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Flow Foundation Advances $3.9M Exploit Recovery to Phase Two as Exchange Activity Raises Concerns
On January 1, 2026, the Flow Foundation reported it had progressed its $3.9 million exploit recovery into a second phase, including a plan to restore EVM functionality while continuing Cadence fixes. The network resumed block production on January 2, 2026, but scrutiny has intensified over a centralized exchange account that moved about 150 million FLOW and withdrew over $5 million shortly after the attack. FLOW's price has dropped 53.3% in the past week, and the network’s DeFi TVL has declined to around $72.1 million.
FLOW
FLOW-13.48%
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Turkmenistan's 2026 Crypto Law Legalizes Mining and Trading but Prohibits Payment Use
Turkmenistan has adopted a "Law on Virtual Assets" that legalizes cryptocurrency mining and exchange activity under central bank oversight, following its signing in late November and implementation on January 1, 2026. The framework introduces licensing, KYC/AML rules, and a ban on anonymous wallets, while keeping cryptocurrencies from being used as legal tender or for domestic payments despite the country's ample but grid-constrained electricity supply.
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Nick Shirley’s Creator Token on Base Drops From $9M Peak to $3M by January 1, 2026
A creator token linked to YouTuber Nick Shirley on the Base network surged to a roughly $9 million fully diluted valuation before sliding to about $3 million by January 1, 2026. The coin, launched via Zora on Coinbase-backed layer-2 Base, drew intense hype after Shirley’s viral investigative video but then lost more than 60% of its value, raising doubts about whether creator coins can sustain long-term demand.
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