The Ethereum blockchain recorded its strongest operational year in history in 2025, processing record transaction volumes and securing the vast majority of the DeFi market. However, the crypto asset that powers the network failed to mirror that growth, posting double-digit losses for the year. According to CryptoSlate's data, ETH is trading down 10% year-to-date at […]
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The Bitcoin Coinbase Premium Gap has witnessed a sharp decline into the negative zone recently, with its value now sitting at one of the lowest in the last 18 months. Bitcoin Coinbase Premium Gap Has Plunged In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This indicator keeps track of the difference between the BTCUSD price on Coinbase and BTCUSDT price on Binance. Related Reading: Bitcoin Retail Optimism Returns To End 2025—What Usually Follows? Coinbase is mainly used by traders in the US, especially the large institutional entities, while Binance hosts a global traffic. As such, the Coinbase Premium Gap reflects the difference in behavior between American and offshore whales. When the value of the metric is greater than zero, it means the asset is trading at a higher value on Coinbase than Binance. Such a trend implies users of the former are applying a higher amount of buying pressure (or lower amount of selling pressure) as compared to the userbase of the latter. On the other hand, the indicator being negative suggests Binance may be observing a higher amount of accumulation as the cryptocurrency is going for a higher price on the platform. Now, here is the chart shared by Maartunn that shows the trend in the Bitcoin Coinbase Premium Gap over the last year and a half: As displayed in the above graph, the Bitcoin Coinbase Premium Gap has fallen into the negative territory recently, implying the American investors have shifted their behavior to one of higher selling pressure/lower buying pressure. In other words, demand from US traders has gone down. Currently, the indicator is sitting at a value of -$122, which means the cryptocurrency’s price is trading at a discount of $122 on Coinbase relative to Binance. The last time that the metric fell to such a low level was during the price crash in November. In recent times, US institutional entities have played an impactful role in the market, so the Coinbase Premium Gap, which acts a proxy of their behavior, has tended to have some correlation with the asset’s spot price. This pattern was once again seen in November, when a drawdown occurred in the cryptocurrency alongside a plunge into the red zone for the metric. So far, Bitcoin has managed to be relatively stable even with the low demand from the American whales, but it only remains to be seen how long that will continue, given the scale of the discount on Coinbase. Related Reading: Bitcoin Equilibrium: Active Market Participants Just Breaking Even The current value of the Coinbase Premium Gap is one of the lowest in the last 18 months, being seen on only five occasions in this window. BTC Price Bitcoin has been following an overall sideways trajectory recently as its price is still floating around $88,900. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Coinbase's Faryar Shirzad said limiting rewards on US stablecoins could benefit global rivals as China moves to pay interest on digital yuan.
Open interest data suggests the advance is likely short-covering, rather than fresh longs entering the market.
BlackRock has transferred a significant amount of BTC to the crypto exchange Coinbase, sparking concerns about a sell-off. This comes as the Bitcoin price continues to struggle to break above $90,000 successfully. Bitcoin Price At Risk as BlackRock Transfers BTC Arkham data shows that Blackrock deposited 2,201 BTC ($192.13 million) into Coinbase, putting the Bitcoin price at risk of further decline amid increasing selling pressure. The move followed the outflow recorded by BlackRock’s BTC ETF on December 26, with Bitcoin funds as a group seeing a net outflow of $275.88 million. Related Reading: Bitcoin News: Here’s How Much Was Liquidated In The Crypto Market In 2025 These Bitcoin ETFs are currently on a seven-day outflow streak, which also prompted BlackRock to deposit 6,174.39 BTC last week, likely to offload these coins and redeem shares of its BTC fund. The Bitcoin price has struggled to break above $90,000 amid these outflows from the BTC funds. Notably, the Bitcoin price had broken above $90,000 on December 28 but quickly lost those gains yesterday as BlackRock moved the coins to Coinbase. Crypto pundit Martini claimed that BlackRock wasn’t the only one putting significant selling pressure on the flagship crypto. He alleged that Binance, Wintermute, Coinbase, and Fidelity also sold a significant amount of BTC, collectively dumping $3.5 billion yesterday. Crypto pundit Bull Theory claimed that there was a weekend manipulation as the Bitcoin price pumped $3,000 and broke $90,000, liquidating $103 million worth of shorts this Sunday. He then noted that on Monday morning, BTC dumped $2,700 and liquidated $40 million worth of longs, erasing its entire pump in the process. With the current price action, BTC is heading for a red yearly close, as it is currently down over 6% year-to-date (YTD). BTC Could Bottom Out Soon Against Other Major Assets In an X post, crypto analyst Kevin Capital stated that most of the data continues to become more favorable for the Bitcoin price, putting in a bottom against the equity markets and gold in the coming weeks. He added that the data also points to the flagship crypto outperforming these assets. The analyst stated that this was based on just factual data and not emotions. Related Reading: Bitcoin Has Entered A Bear Market, And This Data Backs It Up The Bitcoin price had notably outperformed these major assets at the start of the year but has since fallen behind, following the October 10 crypto crash. Gold is up 66% year-to-date while the S&P 500 is up 17% since the start of the year. Crypto analyst Ted Pillows also predicted that BTC could soon rally, noting that the long-term holders have stopped selling for the first time since July 2025. At the time of writing, the Bitcoin price is trading at around $87,300, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
The news comes one week after a Brooklyn man was indicted on 31 counts for allegedly stealing $16 million from Coinbase customers in a separate scheme.
Overall, the S&P 500 rose nearly 20% year-to-date while the price of bitcoin dropped around 4% in the same period.
The Wall Street giant's move — should it come to pass — would further legitimize crypto and increase distribution channels, said ClearStreet's Owan Lau.
The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
A tax change in Trump’s Big Beautiful Bill may steer gamblers toward blockchain-based prediction markets to reduce their IRS bill, Coinbase said.
The defendant reportedly told friends he lost $6 million gambling on crypto, and went by "@lolimfeelingevil" on Telegram.
The investment firm also picked up another 575,644 shares in Solana treasury company Solmate amid its latest fund rebalancing.
The crypto exchange is taking legal action against Connecticut, Michigan and Illinois, Chief Legal Officer Paul Grewal wrote on X.
The lawsuits follow Coinbase's announcement a day earlier that it plans to enter prediction markets through a partnership with Kalshi.
JPMorgan highlighted rising engagement and monetization potential across both transaction and subscription products.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The event marked a milestone that broadens the platform’s reach across new and traditional assets, the analysts said.
The Bitcoin and Ethereum prices are down today as the crypto market remains in a phase of extreme fear. This latest crash came amid BlackRock’s move, which sparked fear of a sell-off from the world’s largest asset manager. The Bitcoin and Ethereum prices are down today following BlackRock’s transfer of 2,257 BTC and 74,973 ETH to Coinbase, indicating plans to offload these coins. Notably, the BTC and ETH ETFs recorded outflows on December 16, likely why the asset manager moved these coins to redeem shares for its IBIT and ETHA ETFs, which were sold that day. Bitcoin and Ethereum Prices Decline Amid BlackRock’s Transfer These Bitcoin and Ethereum ETFs have continued to record mixed flows, which have partly contributed to declines in BTC and ETH prices. Notably, the Bitcoin price had surged to around $90,000 yesterday from an intraday low of around $87,000, before retracing below $87,000 about an hour later. This immediately sparked theories of manipulation, with some crypto pundits revealing that BlackRock wasn’t the only one selling. Related Reading: The Bearish Structure That Puts Bitcoin Price At $92,550, And Then $82,000 Crypto pundit Kruse claimed that Binance first bought nonstop for over 30 minutes to pump the price, then started dumping millions of BTC and ETH to liquidate longs. He noted that the Bitcoin price pumped about $3,300 in 30 minutes, with $106 million in shorts wiped out during that period. Following that, BTC printed another volatile hourly candle to the downside, which flushed out $52 million in longs. A similar price action had also played out for the Ethereum price. Kruse declared that this wasn’t random volatility but rather liquidity hunting. The pundit further warned that this is how leverage gets punished in crypto. He then reiterated that the volatile Bitcoin and Ethereum price actions weren’t random, indicating the market is being manipulated. Onchain Sleuth Tracer also accused Binance of being responsible for the Bitcoin and Ethereum price declines. He claimed that the crypto exchange pumped and dumped millions of BTC to liquidate traders, with $194 million in shorts and longs liquidated in one hour. BTC And ETH To Hit New All-Time Highs Next Year? Crypto asset manager Bitwise has predicted that the Bitcoin price will break the four-year cycle and set new all-time highs in 2026. The asset manager alluded to factors such as the Bitcoin halving and interest rate cycles as what will drive this rally for the flagship crypto. The firm also remarked that crypto booms and busts fueled by leverage are weaker than in past cycles. Related Reading: Ethereum 2-Year Trend Maps Out This Unique Crash Path To Bottom At $2,187 Bitwise also stated that institutions are likely to allocate more to Bitcoin ETFs, which is why they expect the Bitcoin price to reach new all-time highs next year. Furthermore, the firm noted that the pro-crypto regulatory shift will continue to allow companies to adopt crypto at a faster rate. The crypto asset manager also predicted that the Ethereum price could reach a new all-time high if the CLARITY Act passes. Featured image from iStock, chart from Tradingview.com
The Wall Street titan’s recent embrace of a public blockchain is a harbinger of things to come.
The approval follows a challenging year for CoinDCX which included a significant security breach, though customer funds remained safe.
While Coinbase did not disclose the size of the investment, CoinDCX said the deal valued the Indian exchange at $2.45 billion.
Ark Invest bought $10.56 million worth of shares in BitMine, $5.9 million worth of Coinbase shares, and $8.85 million worth of Bullish.
Coinbase is rolling out stock trading, prediction markets via Kalshi, Solana DEX trading through Jupiter, custom stablecoins and more.
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
Derivatives and stablecoins are expected to take a growing share of revenue as Coinbase broadens beyond spot trading.
Crypto-linked stocks pulled back, with miners like MARA Holdings (MARA) down 4.8% and Core Scientific (CORZ) down 6%.
Robinhood stands to gain more from prediction markets than Coinbase as users plan to deploy fresh capital rather than sell existing crypto, the bank said.
Mining stocks, trading platforms, and cryptocurrency infrastructure firms saw significant gains, including Hut 8, Riot Platforms, and Coinbase.
For years, US banks treated Bitcoin as something best observed from a distance. The asset lived on specialist exchanges and trading apps, walled off from core banking systems by capital rules, custody worries, and reputational risk. However, that posture is finally giving way. According to data from River, nearly 60% of the country’s 25 largest […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.