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Base Layer 2 Activity Doubles Competitors with Over 1.2M Daily Active Addresses

Coinbase-incubated Layer 2 network – Base – is seeing a significant surge in daily activity thereby suggesting growing interest and adoption amidst an improved sentiment in the broader market. The…

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Single Entity Risk Questioned as Coinbase Dominates ETH and BTC ETF Reserve Storage

The day before the spot ether exchange-traded funds (ETFs) were introduced, Coinbase posted on X to clarify its position regarding spot BTC and ETH ETFs. The company mentioned that it…

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Blockfi to Begin Interim Crypto Distributions via Coinbase This Month

Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for…

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Coinbase Report: Crypto Market Shook by German BTC Sales; Recovery Expected by September Despite US Economic Slowdown

The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate…

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Exchange Bitcoin Reserves Fall Sharply This Week, Reaching $4B Outflow 

According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported…

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From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues

Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its…

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