PANews June 26 news, according to Cryptoslate, Coinbase announced early this morning that it will launch Cardano and Litecoin’s wrapped tokens cbADA and cbLTC on its Layer2 network Base, completing the previously announced four wrapped token issuance plans (including cbDOGE and cbXRP launched in early June). The current on-chain reserve proof shows that 11,364 LTC and 2,963,259 ADA have been locked in the custody address as underlying assets.

Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

