Coinbase and Binance's lobbying spending reached $2.4 million in the first half
According to data from OpenSecrets, an organization that tracks political donations, Coinbase and Binance spent a total of $2.4 million on lobbying in the first half of 2023. Binance spent over $1 million to influence lawmakers on Capitol Hill, Coinbase spent $1.4 million during the same period. Other companies with significant lobbying expenditures include Ripple, Crypto.com, and the Blockchain Association.
Coinbase to Suspend USDT, DAI, and RAI Stablecoin Trading for Canadian Users
According to Cointelegraph, cryptocurrency exchange platform Coinbase will temporarily suspend Canadian users' trading of stablecoins USDT, DAI, and RAI starting from August 31st.
Coinbase's Layer-2 Network Base Attracts 700K Users and $242M, but Draws Bad Actors with Exploits and Rug Pulls
Coinbase's layer-2 network, Base, has gained 700,000 new users and $242 million in bridged funds since its launch. The network has also seen major brands like Coca-Cola join and generate $2.8 million in fees, with a total value locked of $170.5 million.
Coinbase Approved to Offer Bitcoin and Ethereum Futures in the US
Coinbase, an American cryptocurrency exchange, has received approval from the National Futures Association to offer Bitcoin and Ethereum futures products to eligible US traders. As a federally regulated futures commission merchant, Coinbase will be able to offer derivatives contracts alongside its traditional spot market trading, making it the first crypto firm to do so. <br>
Coinbase Shares Decline Over 28% from Yearly Peak Amidst Low Crypto Market Volatility and SEC Lawsuit
Coinbase's shares have dropped by over 28% from their peak in July, despite beating Wall Street expectations for revenue in August. <br>
Coinbase stock rises more than 5% premarket
On August 16th, according to market information, Coinbase's stock rose more than 5% before the market, and it is now priced at $83.55. Earlier news showed that Coinbase has been approved to provide cryptocurrency futures trading to eligible US customers.
Solana Foundation Strategy Director: Solana's MEV is more like high-frequency trading
Austin Federa, the strategic director of the Solana Foundation, analyzed Solana's design philosophy and technical features on the Bankless podcast. He stated that Solana's goal is to create a global state machine that is as fast as traditional financial markets. Solana uses a single-layer network architecture, which can achieve higher speeds and lower costs compared to Ethereum's multi-layer architecture. Solana uses a proof-of-stake mechanism. SOL is used for network staking and payment of transaction fees, similar to Ethereum. Solana's inflation rate decreases year by year to balance inflation pressure and reward incentives. Solana utilizes technologies such as QUIC and local fee markets to achieve high throughput and low latency. Solana's MEV is more like high-frequency trading and has strong timeliness. Ethereum's MEV is more persistent and has a larger amount. The equity-weighted mechanism and JudoSoul token allow Solana users to share MEV revenue.
Coinbase Approved to Offer Crypto Futures Trading to Eligible U.S. Customers
On August 16th, Coinbase Financial Markets has received regulatory approval from the National Futures Association (NFA), designated by the U.S. Commodity Futures Trading Commission (CFTC), to operate as a futures commission merchant (FCM) and offer federally regulated cryptocurrency futures trading to eligible U.S. customers.
Addresses starting with 0x0A0 have transferred 288.6 million BLUR to Coinbase in the past two months
According to Spot On Chain monitoring, since June 14th (2 months ago), the address starting with 0x0A0 has received a total of 288.6 million BLUR coins (worth about $89.2 million) from a locked address starting with 0x3f1, and has already transferred them all to Coinbase.
Coinbase Will Open SEI Trading After Liquidity Conditions Are Satisfied
Coinbase announced on Twitter that it will add support for Sei (SEI) on the Sei network, and will gradually open SEI trading after meeting liquidity requirements.
