Tag: Coinbase

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Arkham Intelligence Identifies Grayscale’s $16 Billion Onchain Bitcoin Holdings

Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin Trust: Arkham Intelligence Exposes $16 Billion Onchain Bitcoin Assets The crypto analytics startup, Arkham Intelligence, has pinpointed…
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Base’s ‘Onchain Summer’ saw over 700K NFTs minted from 268K users in August

The “Onchain Summer” promotion drove activity to the new network, with hundreds of thousands of users minting NFTs in August. The Base network’s “Onchain Summer” promotion in August resulted in over 700,000 nonfungible tokens (NFTs) minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team. Coinbase launched Base, its Ethereum…
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Coinbase launches crypto lending platform for US institutions

Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted the issuance of new loans in May. Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market. Coinbase has quietly launched…
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Coinbase Launches New Crypto Lending Service For Institutional US Clients

Coinbase (COIN) has unveiled a new crypto-lending service specifically designed for institutional clients in the United States. This move comes as Coinbase aims to fill the void left by the setbacks experienced by firms like Genesis and BlockFi. Coinbase’s crypto lending program was announced discreetly through a filing with the US Securities and Exchange Commission…
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Coinbase to upsize debt repurchase by $30M

The exchange will repurchase a total of $180 million in 2031 senior notes. Cryptocurrency exchange Coinbase has upsized its debt buyback offer from $150 million to $180 million.  According to the Sept. 5 announcement, Coinbase will commit $180 million to buying back its 3.625% senior notes due 2031. The offer will lapse on Sept. 18 at…
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The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years

Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just the last three months. Billions in Bitcoin Withdrawn from Centralized…
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Study Shows Fastest Growing L2 Blockchains Adopt Users in Weeks, Not Months

The newest layer two (L2) blockchains are being adopted at record speeds, with some reaching one million users within weeks rather than months, according to a study by Coingecko. L2 Blockchains Hit One Million Users Faster Than Ever, Coingecko Study Shows A layer two (L2) blockchain runs alongside an existing blockchain like Ethereum to improve…
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SEC vs. Coinbase: New lawyer Patrick Kennedy joins fight

Lawyer Patrick Kennedy files a motion to appear pro hac vice in the Coinbase vs. U.S. SEC lawsuit for the Chamber of Digital Commerce. The crypto community, digital asset organizations and lawmakers have voiced their support for the dismissal of the United States Securities Exchange Commission (SEC) vs. Coinbase lawsuit. In a recent update, lawyer Patrick Kennedy…
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Base TVL Surges By 76% Amidst New DeFi Protocol Hype

Base, an Ethereum layer 2 (L2) network developed by prominent cryptocurrency exchange Coinbase, has seen its total value locked (TVL) soar to new heights on Friday, August 31. This surge was triggered by the recent launch and growing hype around the decentralized exchange (DEX) platform Aerodrome. Total Value Locked on Base Reach $333 Million The…
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Coinbase Debuts Paypal’s PYUSD Stablecoin; Trading to Roll Out in Phases Pending Liquidity

Coinbase has listed Paypal’s PYUSD stablecoin, following an announcement of its support for the digital asset just a day earlier. Should liquidity requirements be satisfied, the exchange plans to introduce trading pairs for the asset in stages. Coinbase Adds PYUSD Stablecoin Coinbase, the prominent cryptocurrency exchange headquartered in San Francisco, has incorporated Paypal’s dollar-tied token,…
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