Tag: Coinbase

BlackRock sends over $670M in Bitcoin, Ethereum to Coinbase

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BlackRock moved over $670 million in Bitcoin and Ethereum to Coinbase Prime on Monday, according to Arkham Intelligence data. Specifically, the asset management giant deposited 6,918 Bitcoin worth approximately $539 million and 58,327 Ethereum valued at about $133 million into the institutional trading and custody platform. The movements are tied to operational requirements for BlackRock’s spot Bitcoin ETF (IBIT) and Ethereum ETF, which involve creation and redemption processes requiring direct custody arrangements. Large-scale asset transfers do not automatically signal an intent to sell. Still, BlackRock’s move warrants close monitoring as…

Coinbase Insider Trading Lawsuit Against Armstrong, Andreessen Move Forward

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A Delaware judge has allowed a shareholder lawsuit accusing several Coinbase directors of insider trading to proceed, despite an internal investigation that cleared the executives of wrongdoing. The case, filed by a Coinbase shareholder in 2023, alleges that company directors, including CEO Brian Armstrong and board member Marc Andreessen, used confidential information to sidestep more than $1 billion in losses by selling shares around the company’s public debut in 2021. According to the complaint, insiders sold more than $2.9 billion worth of stock, with Armstrong personally offloading about $291.8 million.…

Tether supports stablecoin yield ban, distances itself from Coinbase in crypto market structure bill: Report

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Tether has expressed support for a provision in the draft US crypto market structure legislation, including the section that bans yield on stablecoins, which has drawn criticism from crypto community members and prominent figures like Coinbase CEO Brian Armstrong, Brogan Law reported Thursday, citing sources familiar with the matter. Tether’s US arm reportedly met with Senate members following Armstrong’s public critique of the latest version of the bill. Coinbase’s chief withdrew support for the legislation over several key dealbreakers, including the restriction preventing exchanges from providing interest on stablecoins. He…

Coinbase Launches Prediction Markets in all 50 US States via Kalshi

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More than a month after announcing plans to move deeper into prediction markets, Coinbase said it would launch its offering for ”sports, politics, culture and more.” Cryptocurrency exchange Coinbase announced the rollout of prediction markets offering in all 50 US states in partnership with Kalshi. In a Wednesday X post, Coinbase said it was offering trades on “any real-world outcomes across sports, politics, culture and more” following the launch of prediction markets. The announcement followed the exchange’s plans for onchain prediction markets in partnership with Kalshi in December.  Event contracts…

Crypto PAC Reports $193M after Donations from Ripple, Coinbase, a16z

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Crypto-backed political action committees (PACs) are gearing up for the 2026 US midterm elections, with industry-funded groups signaling plans to expand their influence as debates over digital asset regulation intensify on Capitol Hill. Fairshake, the cryptocurrency industry-backed PAC, disclosed on Wednesday holding $193 million in cash on hand ahead of this year’s US midterm elections. In an announcement shared with Cointelegraph, Fairshake spokesperson Josh Vlasto said the PAC had received $25 million from Ripple Labs and $24 million from a16z in addition to a $25 million contribution from cryptocurrency exchange…

Gold at $5,300 Splits Strategies at Tether and Coinbase

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As gold prices surged to $5,300 this week, Tether and Coinbase — the two companies behind the world’s largest US dollar stablecoins — are taking different approaches to gaining exposure to the precious metal. Spot gold climbed above $5,300 per ounce on Wednesday, posting a record high of $5,311 at 3:30 am UTC, according to TradingView data. Amid the rally, Tether, issuer of USDt (USDT), the world’s largest stablecoin, doubled down on its gold accumulation, while Coinbase, a key partner in the USDC (USDC) stablecoin consortium, promoted access to gold…

UK Bans Coinbase Ads For Trivializing Crypto Risks: Report

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The UK’s advertising watchdog has reportedly banned a series of advertisements from Coinbase, claiming they presented the crypto exchange as a solution to cost-of-living concerns while making light of the risks of investing in crypto. The UK Advertising Standards Authority (ASA) said the ads — which included a satirical musical-style video and three posters — were “irresponsible” and “trivialized the risks of cryptocurrency,” The Guardian reported on Wednesday. “We considered that using humour to reference serious financial concerns, alongside a cue to ‘change,’ risked presenting complex, high-risk financial products as…

Coinbase Inches Closer Toward Launching Custom Stablecoins

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Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as part of a new feature that will allow businesses to create their own branded, dollar-backed tokens. The “Coinbase Custom Stablecoins” feature, introduced in December, will let businesses earn rewards on activity and allow them to move funds seamlessly between Coinbase-supported chains, with the tokens to be collateralized by Circle’s USDC (USDC). “A new Coinbase Custom Stablecoin, USDF, has been enabled on Coinbase Exchange for operational testing,” Coinbase posted to X on Tuesday, adding:  “This is a backend test phase…

Coinbase begins backend testing of new USDF stablecoin

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Coinbase is testing a new stablecoin called USDF on its exchange backend, the company said on Tuesday through its Coinbase Markets account. The token has been enabled for operational testing only, with trading, deposits, and withdrawals currently unavailable. A new Coinbase Custom Stablecoin, USDF, has been enabled on Coinbase Exchange for operational testing. Please note: This is a backend test phase only. Trading, deposits, and withdrawals are currently unavailable. Stay tuned for more updates. — Coinbase Markets 🛡️ (@CoinbaseMarkets) January 27, 2026 The backend test marks an early phase of…

ARK Invest Buys Coinbase, Circle and Bullish as Crypto Stocks Slide

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Cathie Wood’s ARK Invest has increased its exposure to crypto-linked equities, adding shares of Coinbase, Circle and Bullish as prices slid across the sector. According to ARK’s daily trade disclosures for Friday, the ARK Innovation ETF (ARKK) purchased 38,854 shares of Coinbase Global Inc., while the ARK Fintech Innovation ETF (ARKF) added another 3,325 shares, acquiring a total of  $9.4 million worth of the exchange shares. Coinbase shares closed down 2.77% on the day at $216.95. ARK added a combined 129,446 shares of Circle Internet Group across ARKK and ARKF,…