5603 BTC Transferred From Coinbase Prime Associated Address to Coinbase
5603 BTC (about $160 million) was transferred from an unknown address to the cryptocurrency exchange Coinbase. Arkham data shows that the transfer addresses are all associated with Coinbase Prime's broker platform.
25.68 Million BLUR Flowed From Coinbase Prime to OKX via Two Addresses, Equivalent to Approximately US$5.13 Million
According to on-chain data analyst Yu Jin's monitoring on October 19th, after BLUR rose to a high of $0.23, 25.68 million BLUR (equivalent to $5.13 million) flowed from two addresses on Coinbase Prime to OKX in the last 6 hours, causing the price of BLUR to drop to $0.19. (BLUR's monthly unlocked tokens will first be transferred to Coinbase Prime.)
Coinbase opens perpetual contracts trading to non-U.S. retail customers
Coinbase has opened perpetual contract trading to eligible non-U.S. retail customers through its Advanced platform. The exchange has launched four perpetual contracts: Bitcoin, Litecoin, Ether, and XRP, all settled in USDC stablecoin. According to a statement, the service is only available to non-U.S. retail customers who have been assessed and meet the eligibility criteria.
Coinbase's US Crypto Trading Volume Falls More Than Expected in Q3: Berenberg Report
According to a research report by Berenberg, Coinbase's cryptocurrency trading volumes in the U.S. have weakened more than expected in Q3, with a 17% sequential and 52% YoY fall. The investment bank believes Coinbase's consumer take rate is at risk of compression due to competition for market share within a lower volume crypto space.
Coinbase Takes Action to Prevent Crypto Links to Terrorist Organizations Amid Israel-Hamas Conflict
Coinbase has announced its efforts to prevent the use of cryptocurrencies by terrorist organizations such as Hamas. The company has a strong compliance program that includes KYC checks, sanctions screening, and suspicious activity reporting. Coinbase also uses blockchain analytics technology to trace and prevent terrorist financing. However, the recent use of cryptocurrency by Hamas militants to fund attacks on Israel may pose challenges to Coinbase's lobbying efforts in the US.
Hamas’ Use of Cryptocurrency for Attacks on Israel May Harm Coinbase’s Lobbying Efforts in the US, Says Report
According to a report from Berenberg Capital Markets, the use of cryptocurrency by Hamas militants to fund attacks on Israel may have hindered Coinbase's lobbying efforts in the United States. The report cites regulatory actions and political headwinds related to the Israel-Hamas conflict as reasons for a "cautious stance" towards Coinbase.
Hamas' use of cryptocurrency to raise funds will make legislative lobbying harder for Coinbase
According to Berenberg Capital Markets analyst Mark Palmer, Hamas' use of cryptocurrency for fundraising will make Coinbase's legislative lobbying more difficult. Coinbase is facing regulatory threats in the United States and is therefore engaged in lobbying efforts to promote transparency in Congress.
Coinbase announces Germany will become its regional talent hub
On October 17th, Coinbase announced that Germany will become its regional talent center and is seeking to expand its product and service offerings throughout Europe. Over the next two weeks, Coinbase will be launching a series of operational and personnel announcements in major markets across Europe, including Ireland, the Benelux Economic Union and the Nordics, Spain, and Italy. Coinbase stated that in 2021, it obtained a BaFin cryptocurrency license, and since then, its German office has been growing steadily, with the number of employees more than doubling in the past 12 months.
Coinbase suspends trading on 80 non-USD markets to improve overall market health and consolidate liquidity
On October 17th, Coinbase announced that it has suspended trading on 80 non-USD markets on Coinbase Exchange, Advanced Trade, and Coinbase Prime. Earlier this month, Coinbase stated that this move was aimed at improving the overall health of the market and consolidating liquidity, as these markets only account for a small portion of Coinbase Exchange's total trading volume.
The 80 suspended non-USD market trading pairs include ACH-USDT, AGLD-USDT, ARPA-EUR, ARPA-USDT, AUCTION-EUR, AUCTION-USDT, BADGER-EUR, BADGER-USDT, BAND-BTC, BAND-EUR, BAND-GBP, BNT-BTC, BNT-EUR, BTRST-BTC, BTRST-EUR, BTRST-USDT, C98-USDT, CTSI-BTC, DESO-USDT, ELA-USDT, ERN-USDT, FORTH-BTC, FORTH-EUR, GAL-USDT, HFT-USDT, IDEX-USDT, IOTX-EUR, KNC-BTC, KSM-USDT, LCX-EUR, LCX-USDT, LQTY-EUR, LQTY-USDT, METIS-USDT, NKN-BTC, NKN-EUR, NKN-GBP, NMR-BTC, NMR-EUR, NMR-GBP, OGN-BTC, PERP-EUR, PERP-USDT, POND-USDT, POWR-EUR, POWR-USDT, RAD-BTC, RAD-EUR, RAD-GBP, RAD-USDT, REN-BTC, REQ-BTC, REQ-EUR, REQ-GBP, REQ-USDT, RLC-BTC, SKL-BTC, SKL-EUR, SKL-GBP, SPELL-USDT, STORJ-BTC, SUPER-USDT, SUSHI-BTC, SUSHI-ETH, SUSHI-EUR, SUSHI-GBP, TRAC-EUR, TRAC-USDT, TRU-BTC, TRU-EUR, TRU-USDT, UMA-BTC, UMA-EUR, UMA-GBP, XYO-EUR, XYO-USDT, ZEN-BTC, ZEN-USDT, ZRX-BTC, ZRX-EUR.
A giant whale deposited 12.62 million LOOM into Coinbase in 10 hours
Scopescan monitoring shows that another "smart whale" related to Coinbase has deposited 12.62 million LOOM (worth 3.8 million US dollars) into Coinbase in 10 hours. This whale has accumulated LOOM from March 29th to August 18th, at a price of about $0.07. Currently, the investment return rate is about 600% (3 million US dollars).
