Coinbase Launches Token Sales Platform

Alpha Team
November 11, 2025

🚀 Coinbase Launches Token Sales

New Sales Platform: Coinbase introduced a public token sales platform on November 10, marking the return of U.S. retail access to token launches after a seven-year pause since 2018. The system distributes tokens by filling the smallest purchase requests first, which helps prevent large investors from dominating allocations. Projects must share full details on tokenomics, team backgrounds, and goals. Coinbase charges issuers a percentage of USDC raised but applies no fees to buyers or listings. Sales are planned roughly once per month, and issuers face a six-month lockup on secondary sales. Coinbase explained that this model "prioritizes the many over the few" to support fairer access.

Monad Token Launch: Monad’s MON token leads the platform with a sale running from November 17 to 22, just before its mainnet goes live on November 24. The Ethereum-compatible Layer 1 blockchain starts with 100 billion tokens total. Up to 7.5 billion (7.5%) are available at $0.025 each, with individual requests capped between $100 and $100,000. Any unsold portion will fund ecosystem growth. A separate airdrop already delivered 3.3 billion tokens (3.3%) to the community. The Monad Foundation controls 38.5 billion (38.5%) for development, leaving nearly half the supply unlocked at launch. The rest—27% for the team, 19.7% for investors, and 3.95% for Category Labs—vests gradually through the fourth quarter of 2029 and cannot be staked initially.

Echo Acquisition Context: Coinbase acquired Echo, an onchain fundraising platform founded by Jordan Fish (Cobie), in October for about $375 million in cash and stock. Despite the purchase, the new token sales system remains independent and does not use Echo’s infrastructure or accounts. Cobie clarified on X that the launchpad serves public sales, while Echo focuses on early-stage, higher-risk rounds. He noted the platform was developed before the acquisition. A Coinbase spokesperson linked the initiative to improved U.S. crypto policy, stating the company aims to foster "transparency and sustainable growth opportunities" in a more supportive regulatory environment. The 2018 regulatory shift had previously halted public token sales for U.S. users. Read More.

️ On today's Top Picks:

🟣 Monad to launch $MON public sale on November 17th.
🦄 Uniswap $UNI CEO Hayden Adams proposes UNIfication.
🤝 US Senate passes bill to reopen the US government.
💰 Rift raises $8M in Seed funding led by Paradigm.

Read time: ⏰ 5 minutes

Crypto News

• ⭐️ Coinbase $COIN launches token sales platform; to launch first token sale (Monad $MON) on November 17th.

• US Treasury & IRS issue new guidance granting crypto ETPs "a clear path to stake digital assets and share staking rewards."

• Digital Asset Investment Products saw $1.7B of outflows last week; Bitcoin $BTC ~$932M outflows, Ethereum $ETH ~$438M outflows, Solana $SOL ~$118M inflows, Ripple $XRP ~$28M inflows.

• ⭐️ Uniswap $UNI CEO Hayden Adams proposes "turning on protocol fees and aligning incentives across the Uniswap ecosystem"; also proposes burning 100M UNI (~16% or circulating supply) from the treasury.

• Ledger considers IPO or private fundraising round next year; actively expanding its presence in New York.

Alpha

• ⭐️ Monad to launch $MON public sale on November 17th; offering 7.5% of the total supply at $0.025 ($2.5B valuation) per MON.

• ICYMI Monad $MON announces first wave of Monad Momentum apps; these apps to have rewards on mainnet.

• ICYMI MegaETH reveals $MEGA public sale allocations; 5K+ bidders were selected based on "verifiable onchain, social, & Mega credentials."

• ICYMI Flying Tulip launches accredited investor quiz; pass the quiz to receive an Accredited Investor NFT & qualify for $FT whitelist.

Airdrops

• Espresso announces three more paths to $ESP airdrop eligibility; t3rn top active participants, Automata 1RPC top registered users, & LogX top users to be eligible.

• Aster to launch $ASTER Stage 3 airdrop checker on December 1st & airdrop claim on December 15th; Aster Stage 3 users to be eligible.

• Binance $BNB launches Allora $ALLO HODLer airdrop; BNB Simple Earn and/or BNB On-Chain Yields subscribers from October 23rd to October 25th are eligible.

• ICYMI Allora launches $ALLO airdrop eligibility checker; Allora community members, Allora buiders, & more are eligible.

Finance News

• ⭐️ US Senate passes bill to reopen the US government; sent to the US House of Representatives for final vote.

• Strategy $MSTR buys an additional 487 Bitcoin $BTC for ~$49.9M at ~$102,557 per BTC; now holds 641,692 BTC (~$68B) acquired for ~$47.54B at ~$74,079 per BTC.

• Strive $ASST buys an additional 1,567 Bitcoin $BTC for ~$162M at ~$103,315 per BTC; now holds 7,525 BTC (~$796M)

• BitMine $BMNR buys an additional 110,288 Ethereum $ETH (~$392M); now holds 3,505,723 ETH (~$12.5B) acquired at $3,639 per ETH.

• Rumble $RUM to acquire Northern Data for up to ~$767M/~$970M; Tether to buy $150M in GPU services after deal closes; Rumble also signs $100M advertising commitment with Tether.

• Gemini $GEMI reports Q3 2025 earnings; reports net loss of $158.5M, revenue of $50.6M, EBITDA of -$52.4M, & more.

• eToro $ETOR reports Q3 2025 earnings; reports net income of $56.8M, net contribution of $215M, EBITDA of $78M, & more.

• Bakkt $BKKT reports Q3 2025 earnings; reports net loss of $23.2M, revenue of $402.2M, EBITDA of $28.7M, & more.

• Bitdeer $BTDR reports Q3 2025 earnings; reports net loss of $266.7M, revenue of $169.7M, EBITDA of $43M, & more.

• TeraWulf $WULF reports Q3 2025 earnings; reports net loss of $455M, revenue of $50.6M, EBITDA of $18.1M, & more.

• Rumble $RUM reports Q3 2025 earnings; reports net loss of $16.3M, revenue of $24.8M, EBITDA of -$15.1M, & more; currently holds 210.82 Bitcoin $BTC (~$22M).

Security and Exploits

• Scam Sniffer posts October 2025 Phishing Report; highlights $3.28M in losses from 10,935 victims; permit signature scams are the leading cause.

• Blockchain Malware’s Neverending Novelty by Taylor Monahan.

Token Unlocks

• Linea $LINEA / ~$36M / NOV 10th
• Aptos $APT / ~$36M / NOV 11th
• Avalanche $AVAX / ~$30M / NOV 13th
• WalletConnect $WCT / ~$16M / NOV 15th
• Starknet $STRK / ~$20M / NOV 15th
Sourced from Tokenomist

Funding

• ⭐️ Rift raises $8M in Seed funding led by Paradigm.

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That’s it for today’s edition! See you soon.

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