A Newly Created Wallet Received 6.34 Million ARB From Coinbase, Worth $5.13 Million
According to Scopescan monitoring, a newly created wallet received 6.34 million ARB (approximately $5.13 million) from Coinbase 15 hours ago. According to OKX market data, the current price of ARB is 0.81 USDT, with a 24-hour decline of 1.76%.
The Unlock of the January Issue of BLUR Was Transferred Out in 4 Hours and Finally Transferred to Coinbase Prime
The unlocking of BLUR's January issue has been transferred after 4 hours. 51.22 million BLUR (8.56 million US dollars) was transferred from the unlocking contract to the 0x0A0 multi-signature address, and then transferred to Coinbase Prime through the 0x0A0 multi-signature address.
Coinbase Ventures and Haun Ventures join forces to support University of Arkansas Bounds accelerator program
On October 16th, according to Coindesk, Coinbase Ventures and Haun Ventures jointly support the Bounds Technology Accelerator project at the University of Arkansas. This decision takes into account that Arkansas has gathered entrepreneurs, large companies, and influential policy makers who have a strong interest in digital asset technology. In addition, the state is also the location of large companies such as Walmart and J.B. Hunt, which have a strong interest in blockchain and cryptocurrency.
Tomicah Tillemann, Chief Policy Officer of Haun Ventures, stated that Arkansas has the potential to shape cryptocurrency policies and emphasized the innovative entrepreneurs and globally influential large companies in the state.
A Certain Whale Deposited 12.62 Million LOOMs Into Coinbase
According to The Data Nerd, 8 hours ago, a whale address starting with 0x313 deposited 12.62 million LOOM (worth $4.82 million) into Coinbase at an average price of $0.38. It is reported that this whale had accumulated the tokens when the price dropped to $0.057 seven months ago. If sold now, the whale would make a profit of $4.08 million (659%).
Coinbase Doubles Down on Push for Court Order to Compel SEC Response on Crypto Rulemaking Petition
Coinbase is urging for a court order to be issued within 30 days to compel the U.S. Securities and Exchange Commission (SEC) to respond to its crypto rulemaking petition. The SEC recently provided an update on the matter but did not disclose any further details. Coinbase's Chief Legal Officer, Paul Grewal, has criticized the SEC for its lack of action and called for a mandamus to force the agency to outline its intentions. Coinbase filed the rulemaking petition in July 2022, requesting the SEC to propose and adopt rules to govern the crypto market.
Coinbase Urges SEC to Address Rulemaking Request for Digital Assets in Mandamus Petition
Coinbase has filed a mandamus petition with the US Court of Appeals for the Third Circuit in response to the Securities and Exchange Commission's (SEC) lack of response to its request for rulemaking. The petition seeks clarification on how federal securities laws apply to digital assets such as cryptocurrencies and non-fungible tokens (NFTs).
Coinbase Has Asked the Court to Ask the SEC to Take Action on the Rulemaking Petition Within 30 Days
Coinbase's chief legal officer, Paul Grewal, tweeted that Coinbase has submitted a response to the U.S. Securities and Exchange Commission (SEC) in the Third Circuit Court, requesting that the SEC take action on Coinbase's rulemaking petition within 30 days.
An LDO Investor/Institution Transferred 20 Million LDOs to Coinbase Prime
According to on-chain analyst Yu Jin, an investor/institution who received an investment distribution of 20 million LDO through two addresses on December 17, 2020, transferred these 20 million LDO (worth $31.5 million) to Coinbase Prime 11 hours ago.
Over 22,000 ETH Transferred From Unknown Wallet to Coinbase
According to Whale Alert monitoring, 22,157 ETH (approximately $34,116,162) was transferred from an unknown wallet to Coinbase.
Coinbase Argues IRS Proposal Endangers Crypto Industry and Americans' Privacy
Coinbase has criticized a recent proposal from the Internal Revenue Service (IRS) that aims to define crypto brokers and instruct them on tax payments. The exchange has argued that the proposal would lead to “unchecked and unlimited tracking” of Americans’ daily lives, and create an “incomprehensible and unduly burdensome set of new reporting requirements”. The Blockchain Association has previously warned that the provisions could kill the industry in the US. However, Democratic senators, including Elizabeth Warren, have advised the IRS to impose the rule “as swiftly as possible” to prevent the loss of billions of dollars in tax revenue.
