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Coinbase CEO Armstrong’s Net Worth Is Between $7B and $15B: Report

The Coinbase CEO is among the world’s 500 richest people, according to Bloomberg.

Updated Sep 14, 2021, 12:18 p.m. Published Feb 27, 2021, 3:25 p.m.
Brian Armstrong speaks at Consensus 2019.
Brian Armstrong speaks at Consensus 2019.

Coinbase CEO Brian Armstrong’s net worth is between $7 billion and $15 billion based on recent private share sales that valued the cryptocurrency exchange at as much as $100 billion, according to a Bloomberg report Friday.

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Read more: Coinbase Is Going Public: Everything You Need to Know

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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HYPE token's 50% surge is a story of crypto-traditional market convergence, treasury firm says

HYPE's price rise in candlestick format. (CoinDesk)

HYPE has surged 50%, outperforming bitcoin, ether and the CoinDesk 20 index by a big margin.

What to know:

  • Hyperliquid's HYPE token has surged more than 50% to $34.57 this week, far outpacing bitcoin, ether and the broader crypto market, as trading activity on the platform accelerates.
  • The token rally represents the merging of traditional assets with the crypto world, according to Hyperion DeFi, which is a HYPE treasury company.
  • Originally a crypto perpetuals exchange, Hyperliquid has expanded into tokenized trading of equity indices, individual stocks, commodities and major fiat pairs via its HIP-3 upgrade.