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CoinMarketCap swiftly addressed a security breach involving a malicious wallet scam, removing phishing pop-ups to protect users.

From Communism to Simping: Coinbase Sponsorship of US Army Parade Draws Community’s Ire

Bitcoin.comTuesday, June 17, 2025 at 11:30:39 AM
From Communism to Simping: Coinbase Sponsorship of US Army Parade Draws Community’s Ire
Coinbase, the popular cryptocurrency exchange, is facing backlash from its community after sponsoring a U.S. Army parade. Critics are calling the move hypocritical, given crypto’s anti-establishment roots, with some mocking it as "simping" for traditional power structures. The controversy highlights the tension between crypto’s rebellious origins and its growing mainstream corporate ties.
Editor’s Note: Crypto was born as a counterculture movement, so when a major player like Coinbase cozies up to institutions like the military, it rubs a lot of people the wrong way. This isn’t just about a sponsorship—it’s about whether crypto is staying true to its ideals or selling out. For a community that prides itself on decentralization and skepticism of authority, this feels like a betrayal. Expect more heated debates as crypto giants walk the tightrope between rebellion and legitimacy.
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