Voyager Has Received 84.5 Million USDC From Coinbase
According to Lookonchain monitoring, Voyager has received 84.5 million USDC from Coinbase and deposited a total of 85 million USDC to Circle. Voyager currently holds assets worth $11.3 million, including: 52.4 million VGX ($8.27 million); 55 BTC (1.62 million); 537,000 KNC ($371,000); 1.18 FTM ($286,000); 20.7 million STMX ($140,000); and 4.85 million GALA ($111,000).
Data: Voyager Still Has About $11.47 Million Worth of Tokens for Sale, Including VGX and BTC, etc.
On August 15th, according to blockchain data analyst Yu Jin's monitoring, Voyager has transferred more than 30 types of tokens to Coinbase since August 12th, and has paid users in US dollars for token exchanges. They have withdrawn 82.37 million USDC from Coinbase and transferred 85 million USDC to Circle to exchange for US dollars.Currently, Voyager still has tokens worth about $11.47 million waiting to be sold, including VGX and BTC tokens worth over $1 million.
Coinbase Launches Stand with Crypto Alliance, a Crypto Advocacy Group
Coinbase announced the establishment of the Stand with Crypto Alliance, which is an advocacy organization dedicated to mobilizing the cryptocurrency community to directly participate in the legislative process. Members who join the alliance will help promote clear and reasonable regulation to ensure the future of cryptocurrency in the United States. <br>
Coinbase expands to Canada, offering free trial of new subscription service amid legal issues in the US
Coinbase has announced its expansion into Canada, offering Canadian nationals a free 30-day trial to its newly launched subscription service Coinbase One, which focuses on staking and features zero trading fees and priority customer support. <br>
Coinbase will suspend USDT trading pairs of individual small-cap currencies on August 15
On August 14th, according to official sources, Coinbase will temporarily suspend the following trading pairs at around 9am Pacific Time on August 15th, 2023: ALCX-EUR, API3-USDT, COVAL-USDT, FOX-USDT, and POLY-USDT.
Senator Cynthia Lummis urges court to dismiss SEC lawsuit against Coinbase
Republican Senator Cynthia Lummis of Wyoming urged a New York district court to dismiss the lawsuit filed by the US Securities and Exchange Commission against cryptocurrency exchange Coinbase, partly because the agency's treatment of cryptocurrencies "runs counter to ongoing legislative efforts." Lummis recently introduced a comprehensive bill with New York Senator Kirsten Gillibrand to regulate digital assets, stating that the SEC has exceeded its authority in regulating cryptocurrencies. Lummis and other stakeholders submitted a joint non-party statement on Friday, calling for the dismissal of the case against Coinbase. Several cryptocurrency and technology advocacy groups, including the Blockchain Association, the Crypto Innovation Committee, the Consumer Technology Association, and the Progressive Business Association, also submitted a joint non-party statement on Friday, calling for the lawsuit to be dismissed.
Coinbase Announces Official Launch in Canada
Coinbase announced its expansion in Canada through a series of new products. Coinbase now offers access to 100% of Canadian Coinbase users through a partnership with Peoples Trust Company, a subsidiary of Peoples Group, making it easier for Canadian users to use cryptocurrencies.
Data: Voyager transferred about $9.4 million in cryptocurrency to Coinbase and transferred 200 BTC
According to the monitoring of Paiduin, Voyager transferred approximately $9.4 million worth of cryptocurrency to Coinbase on Ethereum in the past 24 hours, including 3,000 ETH, 200 billion SHIB, 2.3 million MANA, 932,000 SAND, 135,000 APE, and 1 million BAT, and received approximately 21 million USDC from Coinbase.In addition, Voyager also transferred 200 BTC (about $5.8 million), of which about 10.3 BTC were deposited into Binance within the past 24 hours.
Data: The Base Chain Had Its First Net Outflow of Funds Yesterday
According to Dune data, on August 14th, Coinbase L2 network Base Chain saw its first net outflow of funds, with a net outflow amount of $2.785 million. Since its launch, Base Chain's TVL has grown rapidly, with current TVL reaching $196 million and a growth rate of 71.04% in the past week, according to L2BEAT data.
Legal Scholars Argue SEC's Lawsuit Against Coinbase Conflicts with Established Securities Law
The scholars argue that the SEC's interpretation of securities law conflicts with established logic from a century ago, and that the term "investment contract" has a more limited scope than the SEC believes. They contend that a contractual agreement between buyers and sellers is necessary for an "investment contract" to exist, and that a decision in favor of the SEC would break away from established case law.
