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Coinbase added three relatively new altcoins to its listing roadmap on Friday, putting the tokens on the potential path toward trading on the top US digital asset exchange. The firm could soon support Morpho (MORPHO), Popcat (POPCAT) and Pudgy Penguins (PENGU). Morpho is a decentralized lending protocol built on the Ethereum (ETH) blockchain. The project’s native token launched in June 2022 and is trading at $1.81 at time of writing. The 188th-ranked crypto asset by market cap is down nearly 2% in the past 24 hours. Popcat is a Solana (SOL)-based memecoin that launched in December 2023. The 289th-ranked crypto asset by market cap is trading at $0.213 at time of writing and moved sideways in the past day. Pudgy Penguins is a non-fungible token (NFT) project. The project’s utility token, PENGU, launched in December and is trading at $0.00987 at time of writing. The 127th-ranked crypto asset by market cap is down more than 8% in the past 24 hours. Being...

Top US crypto exchange Coinbase has added a yet-to-be-launched Ethereum (ETH) restaking project to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added EigenLayer (EIGEN) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. EigenLayer aims to provide restaking services for ETH stakers. Users that stake ETH can opt in to EigenLayer and rehypothecate their coins on its network to use for other applications. The advent of restaking and other liquid staking derivatives allows users to stake their coins without forgoing other opportunities while doing so, increasing capital efficiency and value accrual to the token. According to Ethereum development firm Consensys, EigenLayer has the potential to improve Ethereum’s fee model. “In short, this model creates a flow of value that grows along with the network: Ethereum supplies security to ...