The Total Number of Transactions on the Base Chain Exceeded 20 Million, and the Total Number of Contracts Exceeded 5 Million
According to Dune Analytics data, the total transaction volume on Coinbase's L2 Base chain has exceeded 20 million, reaching 20.77 million at the time of writing. The total number of users on the chain is 1,127,945, and the total number of contracts created on the Base chain has reached 5,779,419. Historical data shows that the total transaction volume on the Base chain exceeded 10 million in mid-August, meaning that this metric has doubled in less than half a month.
An address tagged Anchorage Digital transferred 2.11 million IMX to Coinbase
According to on-chain analyst Yu Jin, an address labeled Anchorage Digital transferred 2.11 million IMX to Coinbase. This portion of IMX was withdrawn from Coinbase on November 25, 2022, at a price of $0.41 and could potentially yield a profit of $300,000 (+34%) if sold.
Coinbase Shorts Made $480 Million in August, but Shorts Are ‘Deep in the Red’ This Year
Coinbase's stock price fell 15% in August, resulting in a short position profit of nearly $480 million. However, Ihor Dusaniwsky, Managing Director of S3 Partners, stated that "Coinbase short sellers are still in serious loss this year." He said that so far this year, the short position has lost nearly $2 billion in market value. As of now, Coinbase's stock price is $77.99, and the closing price yesterday was $79.60.
2106 BTC transferred to Coinbase
According to Whale Alert monitoring, 2,106 BTC were transferred to Coinbase, worth $57.13 million.
The Total Balance of Bitcoin on the Exchange Fell to 2.256 Million BTC This Week, a Five-Year Low
According to blockchain analysis company Glassnode, since the peak of centralized exchange Bitcoin supply of 3.203 million BTC in March 2020, this indicator has been on a downward trend. This week, the total balance of Bitcoin on exchanges dropped to a new low of 2.256 million BTC in five years, with Binance holding about 691,200 BTC, Coinbase holding about 439,800 BTC, and Bitfinex holding about 320,700 BTC.
Coinbase Integrates With PayPal for Faster Cryptocurrency Transactions in Germany and UK
Coinbase has partnered with PayPal to simplify the process of buying and withdrawing cryptocurrency for users in Germany and the UK. The collaboration will allow for faster transactions and instant withdrawals of Coinbase balances to PayPal accounts, eliminating the need for traditional methods like wire transfers.
Coinbase CEO Brian Armstrong Shares Emerging Ideas for Cryptocurrency and Blockchain Technology
During a podcast interview, Coinbase CEO Brian Armstrong discussed his excitement for ten emerging cryptocurrency ideas, including a decentralized coin that tracks consumer pricing index and on-chain reputation tracking.
Coinbase to Remove 41 Non-USD Trading Pairs to Improve Market Health and Consolidate Liquidity
Coinbase will be removing 41 non-USD trading pairs, including ALCX/USDT and BIT/USD, next month to improve market health and consolidate liquidity. The suspended assets can still be traded through USDC balances on Coinbase Advance. The exchange stated that the suspended pairs accounted for a negligible trading volume. <br>
Ethereum bridged to Base has exceeded 100,000
Coinbase protocol lead Jesse Pollak tweeted that the number of Ethereum bridged to the Base network has exceeded 100,000.
Data: A Giant Whale Transferred 3.94 Million SNX to Coinbase in 8 Days
Based on the monitoring of on-chain analyst Yu Jin, a whale transferred 1.37 million SNX (worth $2.83 million) to Coinbase 9 hours after the market rebounded. This whale has transferred a total of 3.94 million SNX (worth $8.21 million) to Coinbase in 8 days, and then gradually withdrew 7.8 million USDC from Coinbase. These SNX may have been sold in whole or in part, and it is precisely because of the whale's selling that the SNX trend is weaker than the overall market.
