Surveillance Firm Reports Over 500 Scam Crypto Assets Deployed on Coinbase's Ethereum Layer-2 Prior to Launch
According to crypto surveillance firm Solidus Labs, black hat developers have placed more than 500 malicious tokens on Coinbase's newly launched Ethereum layer-2 chain. These scam tokens generated approximately $3.7 million worth of trading volume on Base's decentralized exchanges, with the perpetrators earning $2 million in profits from the scheme. <br>
Coinbase Advanced and Coinrule Partner to Provide AI Automation for Traders
Automated trading platform Coinrule has announced its support for the cryptocurrency exchange Coinbase Advanced. The integration is launched together with a 2-week event first introduced by Coinbase, aimed at promoting automated trading by providing customers with generous rewards and special offers. This will enable Coinbase retail traders to access trading tools on Coinrule and enhance their investment portfolios. Coinrule is a globally leading automated trading platform supported by Y Combinator, enabling traders of all levels in stocks and cryptocurrencies to automate their investments.
From August 11th to August 17th, ARK Invest has reduced its holdings of Coinbase stocks by more than 12 million US dollars
Data shows that from August 11th to August 17th, ARK Invest reduced its holdings of 167,573 shares of Coinbase stock (COIN), which is worth approximately $12.26 million at current prices. As of Friday's close, COIN was trading at $73.19.
Data: TVL of Base network reached 225 million US dollars, an increase of 17.41% on the 7th
According to L2BEAT data reported, the total locked value (TVL) of Coinbase's L2 network Base network has reached $225 million, with a 7-day growth rate of 17.41%. In addition, the total locked value of Ethereum Layer2 is currently $9.9 billion, with a 7-day decrease of 6.13%. Among the top five networks with the highest locked value, Base has the fastest growth rate.
More than 119 million USDC transferred from USDC Treasury to Coinbase
Data shows at 10:48 am Beijing time today, 119,363,239 USDC (119,336,382 USD) was transferred from USDC Treasury to Coinbase.
119 million USDC transferred from USDC Treasury to Coinbase
According to Whale Alert monitoring, 119 million USDC were transferred from USDC Treasury to Coinbase.
Data: Address 0xa22 Received 25,000 ETH From Cumberland 9 Hours Ago or Bought Bottom for Whales
As monitored by Yu Jin, it is possible that whales/institutions are buying the dip through Cumberland. 25000 ETH (41.54 million US dollars) was received by the 0xa22 address from Cumberland 9 hours ago. These ETH came from Coinbase and Binance withdrawals by Cumberland yesterday. 5 months ago, they received 27000 ETH in the same way after a market downturn. Currently holding 52330 ETH with a cost of 1550 US dollars.
In the First Half of 2023, Binance’s Lobbying Expenditure Will Exceed One Million US Dollars, Which Is Almost Equivalent to the Lobbying Expenditure of the Whole of Last Year
According to DL News citing data from OpenSecrets, a platform that tracks political donations, Binance spent over $1 million on lobbying in the first six months of 2023, which is almost equivalent to its spending for the entire year of 2022. During the same period, Coinbase spent $1.4 million, and paid $3.4 million to lobbyists in 2022.
Data: BlockTower Capital Transferred 5,000 ETH to Coinbase, and the Other Two Giant Whales Purchased 5,631 ETH
According to Lookonchain monitoring, BlockTower Capital transferred 5000 ETH to Coinbase. In addition, two other whale addresses purchased 5631 ETH. The whale address starting with 0x4Da2 deposited 3998 ETH to Compound, borrowed 5 million USDT, and purchased 3027 ETH at a unit price of $1652. The whale address starting with 0x8288 deposited 4 million USDCc to Binance and withdrew 2604 ETH.
Coinbase Chief Legal Officer: Will Continue Supporting U.S. Treasury Appeal Against Tornado Cash Sanctions
Coinbase's Chief Legal Officer Paul Grewal stated regarding the lawsuit concerning sanctions on Tornado Cash, "still believe that the plaintiff's challenge to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) action against Tornado Cash is correct. We have always known that resolving these issues requires review by the Fifth Circuit Court of Appeals, and we will continue to support their appeal."
