Coinbase invests in Rocket Pool, RPL rises 8%

Crypto.information – Coinbase (NASDAQ:) Ventures, which is affiliated with the cryptocurrency change, Coinbase, has invested within the liquid staking platform, Rocket Pool (NASDAQ:). The acquisition concerned an undisclosed quantity of RPL, the native token of the protocol.

In an Aug. 10 tweet, Coinbase Ventures stated it might actively have interaction in Rocket Pool’s Oracle (NYSE:) DAO and function a “substantial variety of nodes” utilizing (ETH) from their company stability sheet.

Rocket Pool’s idea permits people to help new validators, even when their stake falls under the minimal required to independently fund an Ethereum community validator node. This has led to over 3,100 operators and over 780,000 ETH staked on the community.

Whereas Rocket Pool’s statistics are staked, the specifics of Coinbase’s funding stay undisclosed.

When writing, RPL is up 7.81% within the final 24 hours, altering arms at $28.33 with a market cap of $556 million.

Coinbase Ventures has invested in a number of crypto initiatives, together with , Alchemy, and OpenSea.

This funding information comes a day after Coinbase launched the Base, an Ethereum layer-2 protocol after 4 months of testing.

Regardless of this, Coinbase has been sued by america Securities and Change Fee (SEC). The regulator alleges that the change facilitated the buying and selling of unregistered property.

This text was initially revealed on Crypto.information