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Showing posts with the label coinbase

Coinbase Vs. State Regulators: Crypto Exchange Fights Legal Fragmentation

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BlackRock Flips Coinbase as Top BTC Holder

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BlackRock flips Coinbase to become the largest Bitcoin holder right now, and the BlackRock Bitcoin holdings have actually reached over 781,000 BTC through its iShares ETF. This historic milestone shows how BlackRock flips Coinbase in the race for Bitcoin custody dominance, and it’s marking a shift from exchange-based storage to institutional investment products. BlackRock’s iShares ETF Dethrones Exchanges, Becomes Largest Known BTC Holder “Inflows into BlackRock’s ETF signify a fundamental change in market structure. The primary demand driver has shifted from retail-centric exchange accumulation to regulated, institutional-grade… pic.twitter.com/G043uNYpdW — CryptoQuant.com (@cryptoquant_com) August 22, 2025 BlackRock’s Bitcoin Holdings Surpass Coinbase Amid Institutional Investment Trends Source: CryptoSlate The moment when BlackRock flips Coinbase represents a fundamental change in Bitcoin custody, and the data shows that BlackRock Bitcoin holdings have been growing rapidl...

XRP crash to below $2 back in play as over $115 million is moved to Coinbase

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XRP traders are on high alert after a sizable amount of the asset was transferred to the cryptocurrency exchange Coinbase. Blockchain tracking platform Whale Alert reported that 50.5 million XRP, valued at approximately $115.4 million, was moved from an unknown wallet to Coinbase on July 8. XRP transfer to Coinbase. Source: Whale Alert Historically, large XRP deposits to centralized exchanges, such as Coinbase, have raised concerns about a potential sell-off, often putting downward pressure on prices.  If the sender intends to liquidate the holdings, it could intensify the struggle XRP is facing to hold above the key $2.30 resistance level. However, some analysts caution against reading too much into the transfer. It could be part of internal rebalancing or a strategic liquidity move, rather than a precursor to a market dump. XRP’s bullish play Despite the uncertainty surrounding the transfer, technical indicators remain bullish. In this case, acco...

Metaplanet Bitcoin Purchase Tops Coinbase, Stock Jumps 17%

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Metaplanet’s Bitcoin purchase reached a historic milestone, and also surpassed Coinbase Global’s Bitcoin investment holdings with its latest acquisition. The Tokyo-based company acquired 1,112 BTC for $117.2 million, bringing total holdings to 10,000 BTC and also causing stock to surge 17%. This cryptocurrency market trends development demonstrates growing institutional confidence in Bitcoin price prediction strategies right now. Metaplanet has acquired 1112 BTC for ~$117.2 million at ~$105,435 per bitcoin and has achieved BTC Yield of 266.1% YTD 2025. As of 6/16/2025, we hold 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin. $MTPLF pic.twitter.com/8nmQ2RaOIF — Simon Gerovich (@gerovich) June 16, 2025 Also Read: Bitcoin: BTC To $1 Million? Latest Research Predicts the Date How Metaplanet’s $117M Bitcoin Investment Shakes Up Crypto Markets Source: Metaplanet The Metaplanet’s Bitcoin purchase was executed at $105,435 per Bitcoin, and this brought the...

Coinbase leak prompts KYC criticism from crypto execs

Crypto execs on X are calling for know-your-customer (KYC) protocols to be scrapped after leading US exchange Coinbase disclosed that its staff had accepted bribes and leaked users’ personal data. The leak, shared by Coinbase on Thursday and documented in a K-8 filing, revealed how overseas support staff were corrupted by bad actors into stealing information, including home addresses, government IDs, and bank account details. This data was then leaked to individuals for use in social engineering scams designed to steal user funds, which may cost Coinbase between $180 million and $400 million in reimbursements . To add to Coinbase’s troubles, the Securities and Exchange Commission is now reportedly investigating whether the firm exaggerated its user numbers. In response to the leak, the CEO of crypto analytics firm Nansen, Alex Svanevik, called for Donald Trump to “dismantle” the KYC and anti-money-laundering (AML) “complex.”  Coinbase just proved again ...

Is It Too Late To Buy TOSHI? Toshi Price Soars 70% And This Might Be The Next Crypto To Explode

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The Toshi price skyrocketed 70% in the last 24 hours to trade at $0.0002425 as of 2.10 a.m. EST on trading volume that soared 512% to $48.98 million. The TOSHI price exploded after reports started emerging on social media about Coinbase adding the popular meme coin to its listing roadmap yesterday. In response, Toshi immediately pumped over 200%. Coinbase added TOSHI to its listing roadmap today.  $TOSHI pumped 200% after this news 🤑🤑   Do you hold TOSHI? 👇 pic.twitter.com/n5ttgoP27P — Wise Advice (@wiseadvicesumit) January 15, 2025 The meme coin went from $0.0001403 to $0.0003662 in only two hours, but was rejected by the resistance at $0.00035, pushing its price down. Fortunately for the token, the support level at $0.00025 was there to soften its fall, and the price actually found a temporary support a bit higher than this, at $0.00028. However, after another attempt to breach the resistance at $0.00035, the token’s price ended up ...

Coinbase takes aim at Justin Sun in WBTC lawsuit response

Coinbase has filed its response to BiT Global’s lawsuit over the delisting of Wrapped Bitcoin (WBTC).  Justin Sun-advised BiT Global’s original lawsuit centered around Coinbase’s decision to delist WBTC. The custody provider alleged that this was an unfair assault on its reputation that could potentially lead to it losing “more than $1 billion in its market valuation.” It additionally alleges that Coinbase was attempting to monopolize the tokenized bitcoin (BTC) space to favor its own product, Coinbase Wrapped Bitcoin (cbBTC). BiT Global is seeking an order that would obligate Coinbase to relist WBTC. Coinbase to delist WBTC months after Justin Sun controversy Read more: Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose In its response to the lawsuit, Coinbase took aim at Sun . It pointed out that the decision to delist WBTC was centered around a belief that there was an “unacceptable risk that control of wB...

Coinbase New Wrapped Bitcoin (cbBTC) Coming to Solana, Says Crypto Exchange’s Executive

Top US-based crypto exchange Coinbase says its wrapped version of Bitcoin (BTC) is coming to the smart contract platform Solana (SOL). In a session during the Solana Breakpoint 2024 event, Coinbase executive Hasan Ahmed says the crypto exchange is introducing Coinbase Wrapped Bitcoin (cbBTC) to the Ethereum (ETH) competitor’s blockchain. “We recently launched cbBTC on Base, but our users love Solana and so do we, so we are very excited to announce that we will be bringing native cbBTC to Solana as well.” Base is Coinbase’s Ethereum layer-2 solution designed to allow developers to build applications without getting bogged down by high gas fees. Earlier this month, Coinbase launched cbBTC, an Ethereum-based token backed by Bitcoin that gives BTC holders access to decentralized finance (DeFi) protocols via the Base and Ethereum blockchains. “cbBTC is built to be seamlessly compatible with DeFi applications, so users can now tap into n...

Coinbase & Stripe Team Up for Seamless Onboarding

The crypto currency industry is more than just a market full of coins. Several platforms have been expanding and exploring ways to digitize finance completely. In an attempt to do the same, crypto currency exchange Coinbase partnered with Stripe, a prominent payment firm. The companies hope to provide fiat-to- crypto on-ramps and off-ramps for clients through this collaboration. Stripe will specifically use Base, Coinbase’s Layer 2 network, for its crypto currency payouts. This will enable the companies to handle cross-border remittances and fiat payments across 150 sovereign nations more quickly. Coinbase further said, “Crypto is the future of money because it is unrestricted by international borders or banking hours, and reduces both friction and fees for users. These three key integrations lay a strong foundation for Stripe and Coinbase to begin building a better payments future for users around the world.” In addition, USDC will be made accessible through Stripe...

BitGo CEO expects additional round of Bitcoin ETF rejections

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BitGo CEO Mike Belshe says the market should expect another round of spot Bitcoin ETF reject ions as there are still issues to be resolved. Although the crypto market is seeing signs that a spot Bitcoin (BTC) exchange-traded fund (ETF) will finally be approved somewhat in the near future, BitGo CEO Mike Belshe thinks the industry should prepare for yet another round of reject ions by the U.S. Securities and Exchange Commission (SEC). In an interview with Bloomberg, Belshe, who runs qualified crypto custodian in the U.S., noted that he’s optimistic about the eventual outcome for Bitcoin ETFs, but noted that the market structure still appears to be the main question, which remains unresolved. Belshe particularly noted that prior to FTX’s collapse, disgraced founder Sam Bankman-Fried was attempting to persuade U.S. regulators to follow his vision of how the regulatory framework for the crypto industry should look like. That bet did not pay off for Bankman-Fried, who ...

Coinbase unveils crypto futures trading for eligible US traders

Coinbase Financial Markets has officially launched crypto futures trading for eligible US traders , following its approval to operate as a futures commission merchant by the National Futures Association. Coinbase Financial Markets has expanded its offerings by introducing crypto futures trading to eligible US traders. This move follows the company’s clearance to operate as a futures commission merchant by the National Futures Association in August. A futures contract represents a legal agreement to purchase or sell an asset at a predetermined price at a specified future date. For traders, futures offer a range of strategic benefits, including risk hedging, portfolio diversification, leveraged trading, and the ability to speculate on market directions. To access these crypto futures, US traders are required to utilize the Coinbase Advanced trading platform and possess a spot trading account with the exchange. The contracts are deliberately sized to accommodate retail trade...

Coinbase sees tokenization as important part of crypto market in next 2 years

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Coinbase has presented a report on the role of tokenization in the new market cycle. Experts believe that in the next few years, tokenization will become an integral part of the market and will be used by many financial players. According to Coinbase analysts, in 2017, tokenization meant the creation of digital assets representing ownership of real estate, goods and art on the blockchain. Over time, the scope of tokenization has expanded to government bonds and funds. Coinbase adds that this area also faces a number of infrastructure and legal problems. Most institutions rely on private blockchains due to concerns about smart contract exploits, oracle manipulation and network outages. However, in the future, this could make it more difficult to interact and realize the full benefits of tokenization , experts said. Source: Coinbase Experts reported that over the past year, the direction of development of real asset (RWA) tokenization has shifted from private lending protocols...

Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini

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Blockchain sleuths flagged a $14.9 million transfer of USDC coming from a wallet associated with Vitalik Buterin. Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co- found er Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini. According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93 million to Gemini on Oct. 16. The transaction was independently verified by Cointelegraph on Etherscan. #PeckShieldAlert #vitalik.eth haas transferred ~15M $USDC (Multisig Contract 0xf207...D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z — PeckShieldAlert (@PeckShieldAlert) October 17, 2023 Vitalik received the original sum of 14.93 million USDC from Kanro, a charity affiliated with Vitalik on Oct. 14. Separate Analysis from crypto data provider Lookonchain found that Buterin had also recently transferred nearly $500,000 ...

Coinbase Faces Scrutiny as SEC Objects to Celsius Restructuring

The SEC recently filed an objection to crypto lender Celsius Network’s reorganization plan, citing issues with Celsius’ proposed deal with Coinbase. The deal could involve services at the center of the SEC’s existing lawsuit against Coinbase, the regulator argued. In the September 22nd bankruptcy court filing, the SEC took issue with aspects of the latest Celsius plan revision that remain under seal. The plan apparently includes a distribution services agreement with Coinbase. Also read: Justin Sun Reveals $8 Million ETH Heist on Crypto Exchange HTX Coinbase faces SEC lawsuit over alleged unregistered securities offering The SEC claims the arrangement may have Coinbase providing services deemed unregistered securities in the regulator’s June lawsuit against the exchange. The SEC lawsuit alleges Coinbase unlawfully offered crypto staking rewards and lending products deemed securities. Coinbase CLO Paul Grewal maintains the exchange is “pr...

Coinbase and Binance settlement with SEC is a good idea, analyst says

Fineqia International’s Matteo Greco comments on Bittrex’s $24 million SEC settle ment, drawing parallels with ongoing cases involving crypto giants Coinbase and Binance. Bittrex’s recent $24 million agreement with the SEC mirrors the one currently involving Coinbase and Binance, according to Fineqia International’s Matteo Greco. In two separate lawsuits, the SEC alleges that both Coinbase and Binance broke securities laws. Greco offers his take on how each company should proceed and whether the Ripple Labs outcome bodes well for the two crypto exchanges. You might also like: SEC appeal a bust? Judge’s ruling will favor XRP, crypto attorney predicts Bittrex resolved charges that it was offering U.S. investors access to unregistered securities. Should Coinbase do the same? Greco : Settling with the SEC is always a good idea when possible. It allows you to avoid years of lawsuits and uncertainty in the business. Ripple Labs showed how much the lawsuit has i...