Coinbase is stepping deeper into the worlds of blockchain and AI with a new 16-week startup accelerator, created in collaboration with Founders Factory, Animoca Brands, and Fabric Ventures.
The program, set to launch later this year, aims to boost innovation in the UK, where crypto and AI development have been seen as lagging behind other global tech hubs.
Announced by Coinbase UK CEO Keith Grose, the initiative will be officially presented at the Global Fintech Forum under the support of the UK’s Department for Business and Trade. The program will open applications in June 2025 and kick off in September, targeting startups focused on building real, trusted solutions for both consumers and businesses.
Participants will gain access to mentorship in product development, fundraising, and business strategy through Founders Factory, while Coinbase and Animoca Brands will provide guidance drawn from their experience in Web3 and crypto ecosystems.
In parallel, Coinbase’s US division is also expanding its offerings, preparing to launch the Bitcoin Yield Fund on May 1. The fund, aimed at non-US institutional investors, targets an annual Bitcoin return between 4% and 8% by leveraging a cash-and-carry trading strategy to exploit market inefficiencies.
Meanwhile, Coinbase scored a legal victory as Alabama’s Securities Commission recently dropped its case against the platform, easing regulatory pressure as the company pushes ahead with its broader expansion efforts.
The latest WuBlockchain Weekly report captures a high-volatility week in crypto. From Bitcoin’s new all-time high to controversy around Pump.fun’s presale and Elon Musk’s political Bitcoin endorsement, markets are witnessing sharp shifts in momentum and policy.
U.S. financial circles are bracing for a potential shake-up as reports suggest Federal Reserve Chair Jerome Powell is considering stepping down.
Gold advocate Peter Schiff issued a stark warning on monetary policy and sparked fresh debate about Bitcoin’s perceived scarcity. In a pair of high-profile posts on July 12, Schiff criticized the current Fed rate stance and challenged the logic behind Bitcoin’s 21 million supply cap.
Changpeng Zhao, the former CEO of Binance, reportedly supported crypto projects linked to the Trump family while privately seeking a presidential pardon, according to a July 11 report by Bloomberg News.