Coinbase's Q4 2023 earnings report showed the exchange's first profitable quarter in over two years, with a net income of $273 million. This positive news caused shares of Coinbase to rally at the end of the week. Analysts believe this may change the narrative that Coinbase is an unprofitable company. Coinbase CEO Brian Armstrong cited cost-cutting measures and positive developments such as the launch of Coinbase International Exchange and the firm's role as a prominent custodian of Bitcoin ETFs as contributing factors to the company's success.
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Coinbase Shares Soar to New Yearly High After Posting First Profitable Quarter in Two Years
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In the past 24 hours, the entire network has liquidated $405 million, mainly short positions
data shows that a total of $405 million was liquidated in the past 24 hours, with long positions liquidated at $79.9603 million and short positions liquidated at $325 million. -
BlackRock deposits 44,774 ETH and 900 BTC into Coinbase Prime
according to Arkham monitoring data, about 1 hour ago, BlackRock deposited 44,774 ETH (USD 195.29 million) and 900 BTC (USD 101.67 million) into Coinbase Prime. -
BNB breaks through $880
market showed that BNB broke through $880, now reported at $880.08, with a 24-hour increase of 1.07%. The market is fluctuating significantly, please be cautious and manage risks. -
After the release of the non-farm payroll data, spot gold rose by nearly $20 in the short term and is now at $3,571 per ounce.
release of non-farm data, spot gold rose nearly $20 in the short term, now trading at $3571 per ounce. -
Pump.fun has spent over $62.6 million to repurchase its native token PUMP
according to Dune Analytics data, Pump.fun has spent over $62.6 million to buy back its native token PUMP. The buyback has absorbed over 16.5 billion tokens, with an average buyback price of $0.003785, aiming to stabilize the price trend and reduce selling pressure. -
Data: 102,000 Bitcoin contracts will expire on Deribit at 4:00 PM this Friday
according to unfolded data, at 16:00 this Friday, Deribit platform will have 102,000 Bitcoin contracts expiring, with a nominal value of 11.34 billion US dollars. -
CoinShares: Total outflows from digital asset investment products reached $1.43 billion last week
latest report from CoinShares shows that last week saw a significant outflow of funds from digital asset investment products for the first time in weeks, totaling $1.43 billion, the highest level since March. Last week, trading volume for Exchange-Traded Products (ETPs) reached $38 billion, about 50% higher than the average for this year. At the beginning of this week, a pessimistic sentiment surrounding the Federal Reserve led to a $2 billion outflow of funds. However, market sentiment shifted after Jerome Powell's speech at the Jackson Hole symposium, which was widely interpreted as more dovish than expected, leading to an inflow of $594 million. -
BTC breaks through $118,000
market shows BTC breaking through $118,000, now reporting $118,022.35, with a 24-hour increase of 0.14%. The market fluctuates greatly, so please be prepared for risk control. -
Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
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Coinbase Chief Legal Officer: US SEC blocks Coinbase’s request to disclose Gary Gensler’s communication documents
Paul Grewal.eth, the Chief Legal Officer of Coinbase, wrote on the X platform that the issues of Chevron and Binance's secondary sales have been clarified, but in Coinbase's lawsuit, the U.S. Securities and Exchange Commission (SEC) has prevented Coinbase from requesting the disclosure of Gary Gensler's communication documents. In March 2021, Gary Gensler told the U.S. Congress that the SEC lacked regulatory authority over digital asset exchanges, confirming the long-held belief among market participants that digital asset trading on these exchanges is not within the jurisdiction of securities law. Coinbase has requested that Gary Gensler provide documents related to these communications because they are related to how the SEC's enforcement actions violate the due process requirements of the Constitution, but the SEC and Gary Gensler are trying to prevent the disclosure of these documents.
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Crypto treasuries set for ‘bumpy ride’ as premiums narrow: NYDIG
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New York lawmaker wants to tax crypto sales and transfers
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Trump to order probe of crypto and political debanking claims: WSJ
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Bros who tricked MEV bots with their own medicine must face trial, says judge
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Western Union CEO Views Stablecoins as an Opportunity, Not a Threat: Bloomberg
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