FTX transferred nearly $6 million in LINK, MATIC, and AGLD to Coinbase
According to data released by Lookonchain, on Friday morning Beijing time, a wallet labeled FTX/Alameda deposited 253,862 LINK tokens (worth $2.67 million) and 1.59 million AGLD tokens (worth $1.34 million) into Coinbase, totaling approximately $4.01 million. In addition, data from blockchain analysis platform Arkham Intelligence shows that an FTX wallet transferred $4.8 million worth of MATIC tokens to an intermediate address, which then transferred $1.8 million worth of tokens to Coinbase. <br>
Coinbase launches “Stand With Crypto” initiative to fight IRS proposed crypto tax law
Coinbase has launched the "Stand With Crypto" campaign to fight against the collection of transaction information proposed by the Internal Revenue Service (IRS) for crypto taxes. The related webpage shows that crypto advocates have donated over $2 million, with over 100,000 supporters and more than 16,000 contacts with Congress.
The page also provides a donation channel, and the top three donation amounts are currently held by barmstrong.eth ($11,584.05), wwarren.eth ($10,047.84), and bleznak.eth ($8,806.03).
Previously, Coinbase sent a 14-page letter to the US Internal Revenue Service expressing serious concerns about the nature and scope of its proposed tax regulations.
Coinbase said, "We have long advocated for the establishment of a tax system that treats digital assets as equivalent to traditional financial assets, while the proposed regulations will impose unprecedented, unconstrained, and unrestricted tracking of Americans' daily lives, allowing the government to oversee the most private healthcare decisions made by Americans, even the purchase of a cup of coffee."
FTX and Alameda asset receiving wallets transfer over $10 million worth of tokens to CEX
According to Lookonchain monitoring on October 25th, FTX and Alameda Asset received wallets transferred 2,904 ETH (approximately $5.18 million), 1,341 MKR (approximately $2.02 million), 11,974 AAVE (approximately $1.03 million), and 198,804 LINK (approximately $2.26 million) to Binance and Coinbase through wallet address starting with 0xde9A. The total value of these assets is about $10.49 million.
Coinbase files response brief to SEC charges, says SEC charges exceed jurisdiction
Coinbase submitted a reply brief to the US Securities and Exchange Commission (SEC) in June accusing it of not registering as a securities exchange, broker, and clearing agency. Coinbase stated that the SEC's allegations exceeded its jurisdiction.
Coinbase seeks dismissal of SEC lawsuit over unregistered securities exchanges
Coinbase is attempting to have the lawsuit filed against it by the SEC dismissed. The SEC had accused Coinbase of operating unregistered securities exchanges by facilitating the trading of digital tokens. Coinbase argued that the tokens traded on its platform are not securities and therefore fall outside the SEC’s jurisdiction. The company also argued that the SEC was overreaching its authority and trying to regulate all commerce that involves investment. A federal judge will now decide whether to accept Coinbase’s motion and dismiss the SEC’s lawsuit.
Coinbase responds to SEC accusations: SEC’s judgments on securities are designed to fundamentally expand its own powers
Coinbase submitted a response brief to the SEC's charges today. Coinbase stated that the SEC claims jurisdiction over all investments and that the terms "securities" and "contracts" in regulations have no limiting effect. As the response shows, this has never been the law and is not the law now. In addition, the U.S. Securities and Exchange Commission believes that any purchase behavior in which the buyer hopes to obtain appreciation constitutes an investment contract, and therefore a security. This is an attempt to fundamentally expand its own power, as the principle of significant issues clearly states that only Congress can do this.
A New Address Withdrew 8,310 ETH From Coinbase 1 Hour Ago
One hour ago, a new address withdrew 8,310 ETH (worth $15.09 million) from Coinbase at an average price of $1,816. In the past 24 hours, a total of 47,760 ETH (worth $82.97 million) has been accumulated in three new wallets.
Cathie Wood’s Ark Invest Sells $3.3 Million in Coinbase Shares, $2.5 Million in GBTC
October 24th, Cathie Wood's Ark Invest sold shares of Coinbase Global Inc and purchased shares of Robinhood. It is reported that Ark Invest sold a total of 42,613 shares of Coinbase through the ARK Next Generation Internet ETF and Ark Fintech Innovation ETF, with a transaction value of approximately $3.3 million. In addition, Ark Invest also sold 100,739 shares of Grayscale Bitcoin Trust, with a transaction value of approximately $2.5 million.
Coinbase L2 Network Base Launches Builder Grant, Nominations Open
Coinbase L2 network Base announced on the X platform that it will launch Builder Grants, a new type of funding for people with early ideas or initial prototypes, with rewards ranging from 1-5 ETH. Nominations are now open. Two factors will be considered for selection: whether the project is unique and interesting, and whether it can bring more users to the chain.
2 Giant Whales Accumulated a Total of 39,450 ETH From Coinbase
According to monitoring data from The Data Nerd, in the past 8 hours, two new whales (0x06f and 0xb07) have accumulated a total of 39,450 ETH (67.88 million USD) from Coinbase.
