Today's Crypto News: Coinbase Invests in CoinDCX, Tom Lee and Arthur Hayes Hold Their $10,000 ETH Predictions, U.S. May Seize 127,000 BTC Worth $14 Billion
Today's crypto market continues to draw major headlines around large investment funds, Ethereum price predictions, and a sweeping legal move by the U.S. government. Coinbase Invests in CoinDCX Exchange at a $2.45 Billion Valuation Coinbase Ventures — the investment arm of U.S.-based crypto exchange Coinbase — has announced a new investment in Indian trading platform CoinDCX, valuing the company at $2.45 billion post-money. According to CEO Sumit Gupta, CoinDCX currently serves more than 20 million customers across India and
Today's crypto market continues to draw major headlines around large investment funds, Ethereum price predictions, and a sweeping legal move by the U.S. government.
Coinbase Invests in CoinDCX Exchange at a $2.45 Billion Valuation
Coinbase Ventures — the investment arm of U.S.-based crypto exchange Coinbase — has announced a new investment in Indian trading platform CoinDCX, valuing the company at a post-money valuation of $2.45 billion.
According to CEO Sumit Gupta, CoinDCX currently serves more than 20 million customers across India and the UAE, following the completion of its acquisition of BitOasis in late 2024.
Coinbase noted that CoinDCX has reached $141 million in annual revenue, $165 billion in trading volume, and $1.2 billion in custodied assets — a significant milestone for the crypto market across South Asia.
The move marks a strategic expansion by Coinbase into India and the Middle East, as Western markets continue to tighten crypto regulations.
Tom Lee and Arthur Hayes Still Believe Ethereum Will Hit $10,000 This Year
Despite the market's recent sharp correction, two prominent voices — Tom Lee (BitMine) and Arthur Hayes (BitMEX) — are standing by their calls that ETH will reach $10,000 before the end of 2025.
On a recent Bankless podcast, Tom Lee argued that Ethereum has been "accumulating for the past four years" since its 2021 peak of $4,878 and is now in the process of "breaking out of its sideways range" to discover new price levels.
Arthur Hayes also reaffirmed he would "hold his ground" on his prediction, regardless of short-term volatility.
If this scenario plays out, a move of more than 4x from current prices would make Ethereum the centerpiece of the next bull cycle.
U.S. DOJ May Seize 127,000 BTC Worth $14 Billion
In a separate development, the U.S. Department of Justice (DOJ) has announced criminal charges against businessman Chen Zhi, Chairman of Prince Holding Group in Cambodia, accused of running a large-scale "pig butchering" scam (fraudulent crypto investment scheme).
According to the announcement, 127,271 Bitcoin (worth approximately $14.4 billion) tied to the case is currently held by the U.S. government, pending a forfeiture ruling from a federal court in New York.
If the forfeiture order is granted following Chen Zhi's conviction, this would represent one of the largest crypto additions ever made to the U.S. strategic reserve, which was established in March under an executive order signed by former President Donald Trump.
Conclusion
These three developments signal that the crypto market is entering a phase of rapid scaling and mainstream legitimization, as:
- Major exchanges like Coinbase push aggressively into global markets,
- Industry veterans remain bullish on ETH's long-term outlook,
- And the U.S. government continues to tighten its grip on digital assets.
Together, these forces are reshaping the balance of power and trust in the crypto world as 2025 draws to a close.