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
Robinhood, Coinbase, Others Oppose CFTC Regulation of Political Prediction Markets
A rule change proposed by the U.S. Commodity Futures Trading Commission (CFTC) could threaten the operation of fast-growing political prediction markets such as Polymarket in the United States, sparking strong opposition from cryptocurrency and financial technology companies. Opposition voices came from companies such as Gemini, Crypto.com, Robinhood, Coinbase, and individuals such as well-known blogger Scott Alexander.
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.
Coinbase International plans to provide custody services for ZKsync (ZK)
Coinbase International announced that Coinbase Prime plans to provide custody services for ZKsync (ZK), and asset availability depends on the custodian entity and client jurisdiction, which does not necessarily mean that Coinbase intends to list ZK or any future listings of ZK.
13,728 ETH transferred from unknown wallet to Coinbase
According to the on-chain data tracking service Whale Alert, at 3:18 pm Beijing time today, 13,728 ETH was transferred from an unknown wallet to Coinbase, worth approximately $48,615,937.
The listing of spot ETFs has caused Coinbase's Bitcoin reserves to decline rapidly since February
CryptoQuant disclosed on X platform that the listing of Bitcoin spot ETF caused the Bitcoin reserves of Coinbase exchange to rapidly decline since February. Data shows that on February 18, 2024, Coinbase's Bitcoin reserves were about 1,044,997 BTC, but now this indicator has decreased to 878,000 BTC, a decrease of about 167,000 BTC.
Coinbase has stopped trading Enjin Coin (ENJ) and Metal DAO (MTL)
Coinbase Assets tweeted that trading of Enjin Coin (ENJ) and Metal DAO (MTL) has been suspended. Users can still access and withdraw their funds at any time.
Coinbase CEO: You can now register for the Coinbase platform API via cdp.coinbase
Coinbase CEO Brian Armstrong stated that we have been using this type of API internally at Coinbase for years to build our products. Now anyone can register at cdp.coinbase (still in early testing phase, so please send feedback and expect rapid improvements over time).
Coinbase: Routine maintenance to move trading pairs to maintenance mode
According to official sources, Coinbase Exchange has announced routine maintenance, during which all trading pairs will be temporarily moved to maintenance mode for a short period of time. After maintenance is complete, all orders will be restored to their current trading status (limit or full trading).
Indian citizen pleads guilty to forging Coinbase website for $37 million
The Western District Attorney's Office in North Carolina, USA, announced this week that Indian citizen Chirag Tomar has admitted to "federal charges of stealing more than $37 million by deceiving the Coinbase website", admitting to committing telecommunications fraud, which carries a maximum sentence of 20 years in prison and a $250,000 fine. Chirag Tomar and his accomplices designed a fake Coinbase Pro website to lure users into entering their login credentials and two-factor authentication codes. He was arrested at Atlanta Airport on December 20th last year and is still being held in federal custody.
