Tag: Coinbase

White House threatens to withdraw support for crypto bill after Coinbase move, calling it a rug pull on the industry

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Key Takeaways The White House may withdraw support for the crypto bill if Coinbase does not resume negotiations with a yield agreement acceptable to banks. Coinbase’s unsanctioned actions have angered the Trump administration, which sees them as a ‘rug pull’ against the administration and the crypto industry. Share this article The Trump administration has threatened to completely withdraw its support for the crypto market structure legislation if Coinbase does not return to negotiations with a yield agreement acceptable to banks, according to Crypto In America’s Eleanor Terrett. 🚨SCOOP: The White…

Coinbase CEO Expects Market Structure Bill Markup ‘in a Few Weeks‘

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Coinbase CEO Brian Armstrong has weighed in on the future of a cryptocurrency market structure bill under consideration in the US Senate less than 24 hours after he said the exchange could not support the current version of the legislation. In a Thursday CNBC interview in the US Capitol building, Armstrong spoke after posting on X Wednesday that Coinbase was pulling its support for the CLARITY Act, a bill to establish digital asset market structure. Members of the US Senate Banking Committee had been scheduled for a markup of the…

Crypto Market Slide Hits ARK ETFs as Coinbase, Roblox Weigh on Returns

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A pullback in crypto markets during the fourth quarter of 2025 weighed on several of Cathie Wood’s ARK exchange-traded funds (ETFs), revealing that the firm’s flagship funds are sensitive to digital asset performance. According to ARK’s quarterly report released Wednesday, weakness in crypto-linked equities, led by Coinbase, emerged as a key drag on performance. The exchange was among the largest detractors across multiple ARK funds, including the ARK Next Generation Internet ETF (ARKW), ARK Blockchain & Fintech Innovation ETF (ARKF) and the ARK Innovation ETF (ARKK). Coinbase’s shares declined more…

Coinbase Withdraws Support For Crypto Market Structure Bill

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Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form. “This version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft,” Armstrong said in an X post on Wednesday. “After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately…

Coinbase opposes Senate crypto bill, warns of SEC overreach and DeFi bans

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Key Takeaways Coinbase CEO Brian Armstrong opposes the current Senate draft, warning it could restrict tokenized equities, privacy in DeFi, and stablecoin rewards. A new Coindesk report says Sen. Cynthia Lummis indicated the hearing may be postponed, despite the initial plan to amend and vote Thursday. Share this article Coinbase CEO Brian Armstrong said the exchange will not support the current Senate Banking Committee crypto bill, citing provisions that could ban tokenized equities, restrict DeFi, and kill stablecoin rewards. https://x.com/brian_armstrong/status/2011545247105355865 In a post after reviewing the draft over 48 hours,…

BlackRock moves $303M in Bitcoin to Coinbase Prime

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Key Takeaways BlackRock transfers significant Bitcoin and Ethereum holdings to Coinbase Prime. The transfer included 3,290 Bitcoin and 5,692 Ethereum. Share this article Asset management giant BlackRock deposited 3,290 Bitcoin worth about $303 million and 5,692 Ethereum valued at approximately $18 million into Coinbase Prime today, according to Arkham Intelligence data. BlackRock manages investment products, including spot Bitcoin and Ethereum ETFs, which have seen outflows predominantly amid mixed market sentiments in recent weeks. BlackRock’s Bitcoin ETF (IBIT) saw nearly $71 million in outflows yesterday, marking four consecutive days of withdrawals,…

Coinbase and Sharps Technology launch institutional-grade validator on Solana network

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Key Takeaways Sharps Technology and Coinbase Institutional have expanded their partnership, resulting in the launch of an institutional-grade validator on the Solana network. The collaboration reflects a synergy between Sharps Technology’s focus on blockchain infrastructure. Share this article Sharps Technology announced today the launch of an institutional-grade Solana validator as part of an expanded partnership with Coinbase Institutional. The validator allows the company to contribute directly to Solana’s infrastructure while deploying a portion of its SOL treasury holdings. The New York-based medical manufacturer, having embraced a SOL-focused treasury strategy, holds…

BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime

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Key Takeaways BlackRock transferred $276M in Bitcoin and $83M in Ethereum to Coinbase Prime. The transfers come as early-2026 ETF flows have shifted rapidly from strong inflows to sharp outflows. Share this article BlackRock, the global investment management firm, moved about 3,064 Bitcoin, valued at roughly $276 million, along with 26,723 Ethereum worth more than $83 million, to Coinbase Prime today, according to data from Arkham Intelligence. The latest transfers come as ETF flows in early 2026 turned volatile, with strong inflows at the start of January quickly giving way…

Bitcoin is rising on liquidity recovery and institutional demand, not geopolitics, says Coinbase executive

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Key Takeaways Bitcoin’s price gains are attributed to recovering market liquidity and increased institutional demand. Coinbase’s John D’Agostino clarifies that the recent Bitcoin rally is not directly linked to events in Venezuela. Share this article Bitcoin’s recent rally is being driven by recovering market liquidity and strong institutional demand rather than geopolitical events like the US intervention in Venezuela or the capture of Nicolas Maduro, according to John D’Agostino, Coinbase’s head of institutional strategy. “It’s a massive geopolitical event. That narrative certainly holds as a long-term thesis, that proof of…

Coinbase Sock Rallies 8% After Goldman Sachs Upgrades Stock To Buy

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Coinbase shares spiked 8% after Goldman Sachs upgraded COIN from “neutral” to “buy” as it upped its 12-month price target on its growing diversification. In a report on Monday, Goldman Sachs analyst James Yaro said the bank has “selective optimism” about US brokers and “structurally growing crypto infrastructure businesses” such as Coinbase.  The firm upgraded COIN to “buy” and also raised its 12-month price target from $294 to $303 per share. COIN closed the day with an 8% gain, sitting at $254.92 at the time of writing, with minimal action…