Coinbase revives U.S. token sales, XRP ETF breaks records, and Azuki’s pivot shakes the NFT market.

In this episode:Coinbase’s return to regulated token launches• +XRP ETF’s record debut & ETF expansion• Zcash’s first corporate treasury strategy• Azuki’s pivot and NFT market tensions• UBS x Chainlink, Visa stablecoin payouts, JPM deposit tokenFull crypto news, blockchain analysis, ETF flows & sentiment shiftsThis week marked a major shift in the crypto ecosystem: Coinbase launched a regulated retail token sale platform (starting with Monad), Canary’s XRP ETF posted a record $58M debut, and Leap Therapeutics rebranded as Cypherpunk Technologies, deploying $50M into Zcash in one of the first corporate privacy-coin treasuries.NFT markets faced turbulence as Azuki pivoted to an IP-first brand strategy, igniting community backlash as floor prices dropped. Meanwhile, institutional adoption accelerated with Visa stablecoin payouts, JPM’s deposit token going live on Base, and UBS completing a tokenized fund workflow with Chainlink.Markets traded broadly lower: BTC ($96.7K–$105.9K), ETH ($3.2K–$3.59K), SOL ($141–$167),