Coinbase shares surge on news of Grayscale's court win in bitcoin ETF case
Shares of Coinbase surged by up to 14% on Tuesday following the news that Grayscale Investments had won a court battle against the Securities and Exchange Commission in relation to its bid to launch a spot bitcoin exchange-traded fund. If spot bitcoin ETFs become a reality, Coinbase could potentially benefit from the general sense of optimism across the digital currencies market. <br>
Data: Coinbase's BTC balance has dropped to 439,000
Data shared by Blockware Solutions analyst Joe Burnett shows that in March 2020, Coinbase held over 1,000,000 BTC, but it has now decreased to 439,000 BTC. He believes that this indicates that the harsh bear market has not slowed down the pace of investors hoarding BTC.
U.S. stock blockchain stocks rose short-term, Coinbase rose more than 14%
Blockchain stocks in the US stock market have risen in the short term, with Coinbase (COIN.O) up more than 14%, Riot Platform (RIOT.O) up more than 12%, Canaan Inc. (CAN.O) up 6.5%, and Nvidia (NVDA.O) up more than 3.4%.
Coinbase: The Problem of “Some Wallet Asset Balances Are Displayed As 0” Has Been Fixed, and User Funds Are Safe
Some Coinbase users have reported on social media that their wallet's Bitcoin balance is showing as 0. Coinbase later stated that some Coinbase wallet users may encounter errors when trying to create a new wallet or import an existing one. The team has identified the problem and implemented a fix, and is monitoring the results. User funds are safe. Coinbase Support has posted an update on X platform (formerly Twitter) stating that the wallet error has been resolved and balances are now displaying correctly.
A Giant Whale Transferred 2 Million SNX to Coinbase 7 Hours Ago, About $4.17 Million
According to on-chain analyst Yu Jin's monitoring, on August 29th, a whale transferred 2 million SNX (about $4.17 million) to Coinbase 7 hours ago. It had previously transferred 575,000 SNX (about $1.23 million) to Coinbase 7 days ago and withdrew 1.23 million USDC from Coinbase in the following 2 days.
The whale currently holds 3.07 million SNX (about $6.41 million) in Synthetix.
Coinbase: Investigating a bug that caused some wallet users to display zero balances
Coinbase stated it is investigating an error that caused some wallet users to have a balance of zero. The company stated in a status update, "Your funds are still secure as we work to resolve the issue." The company also added, "Customers of Coinbase Wallet may experience issues trying to log in or access their CB Wallet. Customers may also experience display issues showing a balance of zero for certain assets."
Coinbase to Suspend Trading for Multichain (MULTI) and Five Other Altcoins
Coinbase, a major US-based cryptocurrency exchange, has announced that it will suspend trading for Multichain's crypto asset (MULTI) from September 6th. Multichain had previously advised its users to stop using its services due to technical issues and the inability to contact its CEO.
Bitwise：Uniswap Spot Trading Volume Exceeds Coinbase for Two Consecutive Quarters
According to research by Ryan Rasmussen, a researcher at Bitwise, a cryptocurrency asset management company, Uniswap processed approximately $110 billion worth of spot transactions in the second quarter, while Coinbase processed about $90 billion in transactions. In the previous quarter, Uniswap's spot trading volume also exceeded that of Coinbase.
Coinbase in Talks With Canadian Banking Giant To Promote Cryptocurrency
August 25th, Coinbase is in talks with Canadian banking giants, trying to persuade them to support the country's cryptocurrency ecosystem. Lucas Matheson, Coinbase's Canadian business director, said in an interview that he has been in talks with Canada's top banks, without revealing their names, but the "Big Five" Canadian banks are: Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce.
Matheson said: "I hope that in the next few quarters, we will see some of Canada's large banks start to participate in the crypto economy."
Coinbase Announces Base's Five Neutral Guidelines
August 25th, Coinbase announced the Base Five Neutrality Principles, which are supported by Base and Coinbase, namely: Ensuring compliance with blockchain rules, which establish a set of universal standards for all OP Stack blockchains and ensure that builders and users can access Base's neutral and open block space;
