In Brief Coinbase announces listing of POPCAT and PENGU on the Solana network, triggering sharp price rallies. POPCAT surged over 25%, while PENGU saw a 12% increase in value post-listing announcement. The “Coinbase Effect” drives initial price surges, but sustainability of these gains remains uncertain. Coinbase, the third-largest centralized exchange by trading volume, has announced…
Read more
In Brief A Coinbase user lost $11.5 million to a social engineering scam on Base, the exchange’s layer-2 network. ZachXBT revealed that at least $150 million has been stolen from Coinbase users through similar scams. These incidents mount concerns over the US-based crypto exchange security measures. A Coinbase user has reportedly lost 110 cbBTC, valued…
Read more
In Brief Coinbase adds Gigachad (GIGA) and Turbo (TURBO) to its roadmap, sparking a brief spike in GIGA’s valuation. The exchange plans to launch MOG trading on December 5, with phased rollouts based on liquidity conditions. Meme coins like GIGA and TURBO are gaining traction, reflecting Coinbase’s focus on this high-demand niche. Coinbase added meme…
Read more
In Brief Coinbase CEO Brian Armstrong pointed out that the new Department of Government Efficiency (D.O.G.E) presents a “lifetime opportunity.” Gemini co-founder Cameron Winklevoss said the Elon Musk-led initiative has the potential to address inflation and financial inequality in US. Meanwhile, Ripple’s Stuart Alderoty urged the new department to investigate the spending inefficiencies at the…
Read more
In Brief Kamala Harris’s campaign begins accepting crypto donations via Coinbase Commerce, says CFO Alesia Haas. Future Forward PAC, not Harris directly, is accepting donations, signaling a shift in Democratic crypto policy. Harris’ outreach to crypto faces skepticism, while Trump holds a 53% chance of winning, per Polymarket odds. Coinbase’s Chief Financial Officer, Alesia Haas,…
Read more
In Brief A class-action lawsuit is filed against Coinbase over unregistered securities. Plaintiffs allege that Coinbase knowingly violated California securities laws. The lawsuit follows regulatory scrutiny and previous legal action from the SEC. A group of investors has filed a class-action lawsuit against Coinbase, the popular US-based cryptocurrency exchange. They allege that the company has…
Read more
Quick Take Coinbase exchange witnessed a massive withdrawal of approximately 16,100 BTC, valued at $1.1 billion, on March 28. According to data from Arkham Intelligence, this substantial outflow occurred in two separate transactions, with the first involving roughly 8,100 BTC worth around $574 million and the second comprising 8,000 BTC valued at approximately $566 million. Wallet…
Read more
BlackRock’s BUIDL wallet has received memecoins donation from the crypto community. Asset management firm BlackRock selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to BlackRock: “BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each…
Read more
In Brief Crypto traders are moving from Solana to Coinbase’s Base meme coins, indicating a shift in market focus. Rekt Fencer, who allegedly made over $1 million from Solana memes, champions the potential of Base tokens. Coinbase to launch a service for over 100 million users to trade Base coins easily, boosting the sector’s appeal.…
Read more
Several crypto lawyers have pushed back against SEC’s reliance on the insider trading case judgment. The US Securities and Exchange Commission (SEC) wants to leverage a decision from an insider trading case to strengthen its lawsuit against several crypto trading platforms, including Coinbase and Binance.US, according to recent court filings. SEC claims ‘insider trading’ case is relevant Last…
Read more