Coinbase Buys UpOnly NFT, Cobie To Make Podcast Comeback

Coinbase has purchased the UpOnly NFT for $25 million, giving it the ability to make crypto dealer Cobie “carry out like a monkey” in a shock revival of the eponymous podcast.

Coinbase CEO Brian Armstrong confirmed the acquisition in a submit on X, saying it should mark the podcast’s long-awaited return. In response to the NFT’s positive print, the token’s holder “can compel Cobie and Ledger Standing into performing, like monkeys, 8 episodes of UpOnlyTV.”

The rumors are true, we purchased the NFT. @UpOnlyTV is coming again. pic.twitter.com/kbGNzjLoJQ

— Brian Armstrong (@brian_armstrong) October 20, 2025

Cobie reacted with disbelief, telling Armstrong in a submit on X that whoever authorised the choice ought to be ”fired.”

”I’m too previous to have a crypto podcast,” he stated in one other submit that’s acquired greater than 258k view. ”It has been 3 years since up solely ended. I used to be in my 20s when it began, now I’ve gray hair. We’ll rename it Unc Solely and I’ll spend $25m on beauty surgical procedure. See ya quickly.”

The transfer fulfills a problem Cobie set earlier this 12 months, when he minted the NFT and declared the present would solely return if the token’s proprietor burned it. Coinbase’s determination to purchase it indicators the change’s curiosity in reviving one in every of crypto’s most recognizable media manufacturers.

Transaction particulars for the acquisition (Supply: Etherscan)

Cobie’s Problem

The NFT originated from the podcast UpOnly, which was hosted by the dealer together with Ledger earlier than it’s demise after the crypto winter. 

In Could, Cobie created a problem that if somebody burns the NFT, this system would return for one more season. 

“OK I’m now not the choice maker on if UpOnly returns,” the dealer wrote in an X submit on the time. “The facility is now saved inside this NFT that I simply minted. When the NFT is burned, the podcast will restart. Till then, please go away me alone.”

Coinbase Urges Treasury To Scrap Previous AML Guidelines

Even because it embraces crypto tradition, Coinbase can also be lobbying the US Treasury to overtake outdated anti-money-laundering necessities to mirror advances in blockchain and AI know-how.

Coinbase’s chief authorized officer (CLO) Paul Grewal argued in a letter dated Oct. 17 that cash laundering schemes have develop into more and more subtle via using superior applied sciences. 

He added that the “sheer quantity and velocity of economic transactions processed every day” has compounded present challenges. 

Grewal then went on to pitch an innovation-driven answer that mixes new applied sciences, together with blockchain, to counter the rising dangers. 

That was in response to the Treasury’s Division’s request for touch upon easy methods to deter illicit exercise in crypto.

“Good Guys Want Innovation To Preserve Tempo,” Says Coinbase’s CLO

Grewal posted the important thing factors of Coinbase’s letter on X yesterday.

“When dangerous guys innovate in monetary crime, good guys want innovation to maintain tempo,” he stated.

When dangerous guys innovate in monetary crime, good guys want innovation to maintain tempo. @coinbase filed a response to @USTreasury‘s Request for Touch upon “Modern Strategies to Detect Illicit Exercise Involving Digital Belongings” to underscore this actuality and 4 explicit reforms UST…

— paulgrewal.eth (@iampaulgrewal) October 20, 2025

Grewal listed 4 steps that the Treasury must take to fight illicit exercise in crypto.

The primary is to “set up a regulatory safe-harbor underneath the Financial institution Secrecy Act for companies who responsibly deploy AI to enhance AML compliance applications.”

He argued that this safe-harbor ought to then concentrate on governance and outcomes as an alternative of “forcing a one-sized-fits-all-model.” 

Grewal additionally stated that the Treasury Division ought to concern steering that “clearly acknowledges and defines regulatory expectations for API-driven AML compliance applied sciences.” This proposed steering ought to define “acceptable use circumstances, knowledge privateness necessities, and requirements for interoperability,” Grewal stated. 

The following step, based on the Coinbase CLO, is to amend the Financial institution Secrecy Act’s buyer identification necessities “to incorporate decentralized identification and zero-knowledge proofs as a part of an authorised identification verification course of.“

Lastly, Grewal stated that the Treasury also needs to publish steering that “acknowledges and incentivizes using Know-You-Transaction screening” together with blockchain analytics clustering. This, he argued, will likely be a “more practical” manner for firms to keep up AML compliance. 

This isn’t the primary time that Coinbase has pushed for higher crypto regulation and monitoring within the US. The change has additionally spent $2.13 million lobbying within the US so far. 

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