A coalition of US banking groups, led by the Bank Policy Institute (BPI), has urged lawmakers to address a major oversight in the recently passed GENIUS Act stablecoin bill. In an Aug. 12 statement, the BPI conceded that the bill blocks stablecoin issuers from offering direct yields or interest to holders. However, they pointed out […]
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Coinbase, the largest US-based exchange, has reportedly lost $300,000 to MEV bots following a misconfiguration involving 0xProject’s token swap platform. On Aug. 13, pseudonymous security researcher Deebeez revealed that Coinbase mistakenly used the 0x swapper to approve tokens, a function it was never designed for. He noted: “0x has a swapper which is never meant […]
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The bots simply waited for a high-value wallet — like Coinbase’s fee receiver — to mistakenly grant spending rights to an exposed contract, then executed the drain instantly.
The offer will apply to new and existing USDC users looking to move onto Base, the Layer 2 network incubated by Coinbase.
Coinbase CSO Philip Martin said no customer funds have been affected, and that this is an isolated incident.
The fund placements, managed by Coinbase's asset management arm, begin on Aave, Morpho, Kamino and Jupiter, with broader rollouts planned.
Coinbase has relaunched its Stablecoin Bootstrap Fund after nearly six years to increase stablecoin liquidity in DeFi.
Bitcoin’s USD spot market posted a coordinated 3.65% gain over the past 24 hours, with trading activity dominated by Coinbase and price moves unfolding in lockstep across the major USD venues. The session analyzed by CryptoSlate, on Aug. 11, 09:40 CEST, provides a clear look at where USD liquidity sits and how it shapes the […]
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The broker has an outperform rating on Coinbase shares with a $510 price target.
Coinbase Ventures has purchased TON tokens “directly from Telegram,” TON Foundation president Manuel Stotz told The Block.
Coinbase's supported tokens, staking, and Base chain revenue place it in pole position to leverage surging trading volume, the analysts said.
The crypto exchange adds on-chain DEX trading to its app, routing orders through aggregators like 0x and 1inch.
Users will be able to trade on DEXes such as Aerodrome and Uniswap without having to leave the Coinbase app.
Coinbase’s Layer 2 network, Base, has announced it will start collecting coined content as part of its push to support creators in a new digital economy. In an Aug. 7 post on X, the Ethereum layer-2 said it will hold these tokens indefinitely, with no plans to trade or sell them. It also stressed that […]
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Shares of Galaxy Digital faced a significant decline on Tuesday following the release of disappointing quarterly earnings and revenue figures. The crypto-investment and data-center company reported earnings per share of $0.8 for the second quarter, falling short of Wall Street’s consensus estimate of $0.18. Galaxy Digital Shares Plunge 10% Revenue for the period totaled $9.1 billion, markedly below analysts’ expectations of $13.9 billion. Consequently, Galaxy’s stock, GLXY, plummeted by 10%, settling at $27.68. According to Barron’s, the downturn can be attributed to a broader trend affecting the cryptocurrency sector, where trading volumes have waned significantly since spring, pushing digital assets like Bitcoin to retrace 7% below its record price peak. Related Reading: Bitcoin Stuck In Macro Purgatory—Top Analyst Says Q4 Or Bust Galaxy reported a 22% decrease in digital-asset trading volumes from the first quarter, primarily driven by reduced spot-trading activity. The firm’s crypto sales, which represent its largest revenue stream, fell to $8.6 billion in the second quarter, down from $12.8 billion in the first quarter and $8.8 billion a year prior. Despite the disappointing earnings report, there was some positive news on the horizon. Galaxy announced that CoreWeave has committed to utilizing all the electrical power approved at its Helios data-center campus in West Texas, where construction is reportedly proceeding on schedule. Additionally, Galaxy has agreed to acquire an extra 160 acres of land and a 1 gigawatt load interconnection request adjacent to the campus. CEO Mike Novogratz expressed optimism about the Helios project, stating, “Helios will be a top five data center in the world if we get that fully built out.” The company anticipates generating revenue from its data-center operations in the first half of 2026. In light of the CoreWeave announcement and the expanded capacity potential at Helios, Piper Sandler analyst Patrick Moley noted that shares might be undervalued, suggesting they should trade higher. The firm has rated Galaxy stock as Overweight, with a price target of $36. Coinbase Unveils $2 Billion Senior Notes Offering In related news, Coinbase Global also experienced a slight dip in its stock, which fell by 1% on Tuesday following the announcement of a $2 billion offering of convertible senior notes aimed at qualified institutional buyers. This offering includes $1 billion in notes maturing in 2029 and another $1 billion due in 2032. Additionally, initial purchasers will have the option to acquire up to $150 million more of each series. Related Reading: XRP Soars 35% in a Month: Will Ripple’s Legal Win and Whale Activity Send Price to New Highs? These notes will be senior, unsecured obligations with interest payable semi-annually, and they can be converted into cash, Class A common stock, or a combination of both at Coinbase’s discretion. To minimize potential dilution resulting from these conversions, Coinbase plans to engage in capped call transactions, partially funded by the proceeds from the offering. The remaining funds will be allocated to support general corporate needs, including working capital, capital expenditures, investments, acquisitions, and potential debt repurchases. Featured image from DALL-E, chart from TradingView.com
XRP traded remarkably consistently across Binance and Coinbase throughout July, despite stark differences in where and how liquidity was concentrated. While prices between USD and USDT pairs remained within a few basis points of one another, the two exchanges diverged significantly in their respective trading volumes. Binance captured nearly all activity for USDT-quoted XRP, while […]
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Ethereum, DeFi protocols, and platforms like Coinbase and Robinhood stand to benefit most from the policy shift, in Matt Hougan's view.
Base said in a postmortem that the network failed to respond to a sequencer delay that occurred due to onchain activity.
In its most recent earnings report, Coinbase's consumer spot trading volume declined 45% when compared to the previous quarter.
The new tool is part of the Coinbase Developer Platform (CDP) and lets developers integrate self-custodial wallets into their apps without any hiccups.
Coinbase has announced plans to raise $2 billion by issuing convertible senior notes to qualified institutional buyers, according to a statement released on Aug. 5. The offering consists of two separate tranches: $1 billion in notes due 2029 and $1 billion in notes due 2032. These will be sold privately to institutional investors who meet specific […]
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Coinbase has launched Embedded Wallets, allowing developers to integrate self-custodial wallets into apps with minimal coding.
Coinbase’s Ethereum Layer 2 network, Base, has resumed regular block production after a brief service disruption on Aug. 5, according to the project’s status page. The disruption lasted from 06:15 UTC until 06:44 UTC. The pause, which occurred at block height 33,792,704, temporarily impacted key network functions, including deposits, withdrawals, and general block production. However, […]
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The Coinbase-backed layer-2 blockchain went offline due to a block production issue, marking its first service disruption since its 2023 debut.
Benchmark analysts reiterated a 'buy' rating and a $421 price target on COIN shares following last week's earnings print.
Coinbase has urged US lawmakers to modernize the Bank Secrecy Act (BSA) by incorporating Zero-Knowledge Proofs (ZKPs) into the country’s financial compliance framework. In an Aug. 4 statement, Coinbase’s Chief Legal Officer Paul Grewal argued that ZKPs could enhance financial transparency while simultaneously protecting consumer privacy. Why Zero-Knowledge Proofs? According to him, the existing Know-Your-Customer […]
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Compass Point warns of choppy trading, rising competition, and skepticism around stock trading and crypto regulation reforms in 2025.
Weakness in Coinbase stock is a buying opportunity, according to the broker.
Traders are increasingly seeking downside protection in Coinbase options.
Coinbase’s CEO said its satirical TV commercial was yanked by U.K. networks, before any formal ruling, sparking a fresh clash over crypto advertising rules.