Coinbase

The post Bitcoin Nears $63,000 as Whales Buy 15,400 BTC from Coinbase appeared first on Coinpedia Fintech News The BTC price rebounded significantly as it neared $63,000 today. Bitcoin whales bought over 15,400 BTC from Coinbase alone in the last 24 hours. This accumulation might have driven its latest recovery. The majority of BTC whales have been accumulating cheaper BTC lately. In a recent X post, Whale Alert highlighted a whale ramping up 7,900 BTC, which accounts for over 50%…

A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. The quant shared a chart below that shows how this war for dominance has played out over the past decade. As…

Coinbase may relist Terra Luna Classic (LUNC), following a significant uptick in token staking and market activity. This potential relisting could herald new all-time highs for LUNC, revitalizing interest after past market turmoil. Recently, Terra Classic (LUNC) has reached a new milestone in staking achievements, with levels indicating a bullish phase for the cryptocurrency. This information was detailed in a prior report by CNF, which highlighted the growing investor confidence in LUNC’s potential for substantial token burns to reduce supply…

Coinbase is set to expand its offerings with the introduction of JUP, TNSR, and JTO perpetual futures. These new listings will cater to both cryptocurrency enthusiasts and institutional investors, offering a variety of order types for enhanced trading control. Coinbase International Exchange and its advanced platform will soon support perpetual futures for Jupiter (JUP), Tensor (TNSR), and Jito (JTO). This move is part of Coinbase’s strategic expansion to diversify its financial products and enhance the trading experience for its users.…

The post BlockFi Intends To Shutdown Web Platform In May; Partners With Coinbase Over Fund Distribution appeared first on Coinpedia Fintech News BlockFi intends to shut down its web platform in May and has partnered with Coinbase to distribute client funds. The partnership will allow eligible BlockFi Interest Accounts, Retail Loans, and Private Clients to withdraw their crypto holdings. It has also provided an opportunity for verification via the BlockFi platform for the ones who missed the withdrawal and May…

In a recently published report by Bitwise, the leading crypto index fund manager, a striking comparison has been drawn between Coinbase and Amazon, highlighting a significant yet under-reported aspect of Coinbase’s business — the Base Layer 2 network. Titled “It’s All About That Base (and Other Thoughts on Coinbase),” the report authored by Matt Hougan and Juan Leon delves deep into the financial and strategic shifts underpinning Coinbase’s latest successes and potential future. Amazon Of Crypto? Bitwise Projects Stellar Future…

Cathie Wood-led Ark Invest has yet again slashed its holdings in Coinbase (COIN). The company sold 70,616 shares of Coinbase, totaling $15.1 million, spread across three of its exchange-traded funds on May 7th. The move came despite the positive first-quarter earnings report from the exchange, which showed higher revenue than expected and a record high in institutional trading volume. The investment firm’s decision involved selling 45,915 shares worth $9.8 million from its Innovation ETF (ARKK), 17,755 shares worth $3.8 million…

The post Ark Invest Offloads $15 Billion Worth Coinbase Shares Pulling Down COIN’s Price appeared first on Coinpedia Fintech News Cathir Wood’s Ark Invest sold $15 billion worth of 70,600 Coinbase shares which has sparked speculations over its impact. Cathie Wood clarified it as not a case of dumping, but active portfolio management and emphasized that Coinbase remains a top position in Ark Invest’s holdings indicating confidence in the company’s long-term prospects. Woods also mentioned plans to reinvest profits into…

Investors from Florida and California have sued Coinbase for deceiving investors into buying unregistered securities and alleged that the exchange’s business model is illegal. The lawsuit singles out tokens such as Stellar’s XLM, Solana’s SOL, Algorand’s ALGO, Polygon’s MATIC and Uniswap’s UNI as securities. Coinbase just can’t seem to leave its legal trials behind. The exchange is facing yet another lawsuit alleging that it facilitates the sale of securities without proper licensing, not for the first time. The latest lawsuit…