The top US crypto exchange platform by trading volume is abruptly adding support for Wormhole (W), causing the native asset of the cross-chain messaging project to rally briefly. In a new announcement, Coinbase Assets says it’s adding Wormhole, an interoperability project that allows communication between blockchains, to its suite of digital asset products. “Wormhole (W) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the addition sent W flying, as the crypto asset went from a low of $0.61 on June 27th to a peak of $0.81 just a day later. Wormhole has since retraced and is trading for $0.071 time of writing, a fractional decrease during the last 24 hours. According to its official website, Wormhole is currently compatible with numerous prominent blockchains, including Base and BNB Chain, the respective blockchains of Coinbase and Binance, the two largest crypto exchanges in the world. “A fully integrated chain can use cross-chain decentralized applications (DApps) to send and receive tokens and NFTs. It can also publish and verify messages to and from the network – meaning developers can utilize the full suite and power of Wormhole.” Other compatible chains include smart contract platforms Ethereum (ETH), Algorand (ALGO), and Avalanche (AVAX), as well as layer-2 scaling solutions Optimism (OP), Arbitrum (ARB), and Polygon (POL). Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
&nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Carlos Amarillo The post Top US Crypto Exchange by Trading Volume Coinbase Adds Support for Leading Cross-Chain Messaging Protocol Wormhole (W) appeared first on The Daily Hodl.

FIFA has made a quiet but pretty significant change to its Web3 game plan. The global football body is dropping Algorand and moving its digital collectibles project, FIFA Collect, over to Avalanche. The move isn’t just a technical shuffle, it reflects FIFA’s changing view of what fans actually want from NFTs and how it plans to deliver them. The Avalanche blockchain gives FIFA a clean slate to rethink how fans collect, trade, and engage with digital football moments. So What’s Changing? FIFA Collect launched in 2022 on Algorand, just in time for the World Cup in Qatar. It was a relatively smooth rollout, with fans able to buy and trade NFT cards featuring highlights, players, and moments from the tournament. But now, FIFA is shutting the door on Algorand and rebooting the project with Avalanche. Is this the biggest partnership in Web3 History? FIFA just announced they are partnering with @avax, FIFA boasts a custom Avalanche L1 to unify its digital strategy across collectibles, ticketing & more. Here’s a video on everything you need to know + more coming soon! [ad] pic.twitter.com/KT4liAf3mx — TEDDY (@iCrazyTeddy) May 22, 2025 Avalanche will power a dedicated blockchain environment, called a subnet, just for FIFA. That subnet will serve as the new home for all current and future FIFA NFTs. Why Avalanche? There’s no official statement throwing shade at Algorand, but FIFA is clearly looking for something a little more flexible and accessible. Avalanche ticks some key boxes: fast transactions, low fees, and it works with the Ethereum Virtual Machine. That last part matters because it means FIFA’s NFT marketplace will now be compatible with mainstream wallets like MetaMask. It also makes it easier for developers to build future features. So, whether FIFA is thinking about adding new collectible types, gamified elements, or interactive fan rewards, Avalanche gives it more room to experiment without breaking the experience. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What Does This Mean for Fans? If you already own a FIFA Collect NFT, you’ll need to prepare for a move. The plan is to migrate everything from Algorand over to Avalanche. That also means some wallet apps, like Pera and Defly, which are built specifically for Algorand, won’t work anymore. - Price Market Cap - - - 24h 7d 30d 1y All Time Log Going forward, you’ll be using wallets that connect through WalletConnect, which includes MetaMask and other EVM-compatible apps. FIFA has said it will release step-by-step instructions when the time comes, so users won’t be left guessing. But you might want to get familiar with MetaMask now if you aren’t already. Bigger Picture: A Reset for FIFA’s Web3 Plans? It’s hard not to read this as a soft reboot for FIFA’s entire NFT strategy. The first wave of digital collectibles in 2022 came and went without much long-term momentum. Now, by switching chains and hinting at “new business cases,” FIFA seems ready to try again, maybe with more than just digital trading cards. There’s been no confirmation on what’s next, but Avalanche’s setup suggests that FIFA is looking beyond simple NFTs. The move opens the door to more interactive experiences, deeper fan engagement, and maybe even cross-platform collaborations with other apps in the Avalanche ecosystem. DISCOVER: Top 20 Crypto to Buy in May 2025 What Happened to Algorand? Algorand, once branded as FIFA’s official blockchain partner, is out. The partnership isn’t getting a dramatic breakup post, but it’s clearly done. Algorand has had a rocky year with layoffs and changes in leadership, and this news won’t help. Still, the chain remains active in other sectors like DeFi and real-world asset tokenization. Looking Ahead This switch is more than a backend upgrade. It’s FIFA reshuffling its digital strategy and choosing a platform that’s more familiar to crypto users and more versatile for developers. Whether fans actually show up this time, and stick around, is the bigger question. But if FIFA gets it right, this Avalanche partnership could finally turn FIFA Collect into something more than just another NFT marketplace. DISCOVER: 20+ Next Crypto to Explode in 2025  Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways