Coinbase Ventures invests in flatcoin SPOT's strategic funding round, as retrograding Saturn in Aquarius reveals oncoming new chapter for stablecoins and global finance
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Coinbase Ventures invested $1 million in a strategic funding round for Ampleforth Foundation’s flatcoin, SPOT. SPOT will launch on Coinbase's L2, Base as part of the deal.
At that moment in the sky, the Moon travelled in the Aquarius pada of Ashlesha Nakshatra. Saturn travelled in the 8th House from the Moon, retrograding in the sign of Aquarius in the sky.
Dividing the sky of an infinite radius extending outward from the center point, Earth into 12 equal sections, the 8th position means that a person standing in a location on Earth where Moon was rising on the Eastern Horizon at the moment Coinbase Venture’s investment in SPOT was announced, turning the head 150º Westward from the Moonrise, would have seen Saturn retrograding in the sky. The 8th is the last fully visible of the 12 sections, the section of the sky just before where the Sun sets every day in the sky or in this case where the Moon would set in the sky.
Coinbase’s CEO Brian Armstrong has spoken publicly about flatcoins, saying that they are “the next iteration of stablecoins.” Flatcoins are pegged to the cost of living itself as a metric so that their value tracks inflation instead of depreciating because of it, as modern-day stablecoins which peg to fiat currencies do.
Retrograding Saturn brings on unexpected progress. Saturn is retrograding in the sign of Aquarius, related to financial gains and to society as a whole, in the Nakshatra of Purvabhadrapada, which generates materialism and renegade behaviors on Earth. Saturn traveling 8th from Moon means that a prolific problem (namely stablecoin devaluation) is being averted using an unexpected method, namely the implementation of flatcoins like SPOT.
The planet Rahu will be apparent in the sky in the current zone through which Saturn retrogrades, from Tuesday 22 July until Tuesday 16 December of the year 2025. During that time, flatcoins will impose themselves onto the financial landscape in an important way that will disrupt and transform both the stablecoin and the economic landscape.