Coinbase’s layer-2 network, Base, has denied allegations of selling its Ethereum (ETH) holdings. Over the weekend, crypto community members pointed out that Base has funneled sequencer fees to Coinbase, sparking concerns about transparency and potential ETH sales. However, Base strategist Kabir Sadarangani refuted these claims, asserting that the accusations of a lack of transparency and […]
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The Ethereum Spot ETFs began February 2025 on a strong positive note, recording net inflows double the size in the Bitcoin ETF market in the first week of the month. Interestingly, this development coincided with a bearish trading week for Ethereum, during which its price declined by 16.18%. Related Reading: Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist – Details Ethereum Spot ETFs Register $420 Million Inflows Amid Price Fall As prices of Ethereum struggled to find market stability in the past week, the Ethereum Spot ETFs experienced an increased level of market interest translating into a net inflow of $420 million. Data from SoSoValue show the ETH ETFs pulled inflows significantly larger than the $203 million registered by the Bitcoin Spot ETFs despite the premier cryptocurrency having a better price performance. Commenting on this eye-catching development, Coinbase analysts have attributed Ethereum ETF performance to a spiked interest in ETH as a preferred asset for CME basis trade over Bitcoin. For context, the CME basis trade is a common trading strategy where market participants go long on an asset in the spot market and short in the future market with intentions to profit from the difference in market prices. According to data from Coinbase, CME ETH basis trade produced a higher gain (16%) than that of Bitcoin (10%) over the last week translating into an increased market institutional interest in the Spot ETFs. Of the reported net inflows in the Ethereum ETF market, BlackRock’s ETHA remains investors’ favorite with total net deposits of $286.81 million. Unsurprisingly, Fidelity’s FETH came second with aggregate investments of $97.28 million. Grayscale’s ETHE, ETH, Bitwise’s ETHW, and 21 Shares’ CETH also recorded modest net inflows between $4 million -$18 million. Meanwhile, Invesco’s QETH, Franklin Templeton’s EZET, and VanEck’s ETHV all record zero net flows. Over the last trading week, the Ethereum Spot ETFs saw their net assets decline to $9.88 billion despite a net positive flow. At the time of writing, these ETFs now control 3.17% of the ETH market cap. Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle ETH Price Overview At press time, Ethereum trades at $2,681 following a 1.46% rise in the last 24 hours. However, daily trading volume is down by 45.15% and is now valued at $16 billion. According to its daily trading chart, the Ethereum Relative Strength Index is currently at 34.03 heading in an upward direction. This data suggests strong potential for a price reversal following last week’s price crash. In driving any price rally, market bulls will encounter strong resistance in the $3400 price zone, pushing past which could allow a return to the local market peak of $4,000. Featured image from ShutterStock, chart from Tradingview
Coinbase CEO Brian Armstrong called the agency "an activist organization that has done enormous harm to the country."
The rapper asked a rhetorical question about "a coin" earlier on Friday, raising speculation whether he would launch a token.
Coinbase has grown beyond its role as a crypto exchange and is now establishing itself as a key player in the broader financial sector in the United States. On Feb. 6, CEO Brian Armstrong said that the platform is evolving beyond crypto trading, positioning itself at the intersection of banking, brokerage, and payments. He shared […]
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The industry's U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.
Coinbase has stepped into the Prime Trust bankruptcy case, filing an amicus brief to push back against a motion that could threaten customer asset protections. In a Feb. 5 court filing, the exchange has urged the court to uphold Uniform Commercial Code (UCC) Article 8, a legal framework that ensures custodial assets remain customers’ property. […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Grogan also suggested Satoshi Nakamoto may have used the Canadian crypto exchange Cavirtex, which was acquired by Kraken in 2016.
Coinbase said it wants three top federal banking agencies to take certain steps to end alleged debanking in the crypto industry.
Coinbase has achieved Virtual Asset Service Provider (VASP) registration in the United Kingdom. On Feb. 3, Coinbase’s Chief Policy Officer Faryar Shirzad announced the development on social media platform X and said that this milestone makes the exchange the largest registered VASP in the UK. He explained: “Governments around the world are embracing digital asset […]
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S&P 500 futures slid 1.4%, Dow Jones future fell 1.2% and futures on the tech-heavy Nasdaq 100 lost 1.7%
The exchange can now offer crypto services to clients in the country.
Spindl, founded in 2022 by Antonio Garcia-Martinez, will operate under the Ethereum Layer 2 incubated by Coinbase called Base.
Coinbase is looking to list the futures as soon as Feb. 18, it said in the filing.
The exchange is looking to list these new contracts, which will be cash-settled on a monthly basis, on or after Feb. 2025.
Fairshake, a bipartisan super Political Action Committee (PAC) focused on funding crypto-friendly policies, has raised $116 million in funding for the 2026 US midterm elections. In a statement shared with CryptoSlate, Fairshake said its war chest includes over $11 million in fresh contributions received from major players in the crypto industry, including a16z, Coinbase, Jump […]
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Crypto-focused PAC Fairshake is gearing up for the 2026 midterms with $116 million at the ready, according to multiple reports.
Norway’s indirect bitcoin exposure via its sovereign wealth fund has risen to 3,821 BTC, according to K33 Head of Research Vetle Lunde.
Coinbase has strengthened its Global Advisory Council with four political and financial heavyweights, signaling a deeper push into policymaking.
Roughly 5 million Argentinians use crypto daily, according to Coinbase.
Sen. Cynthia Lummis accused the U.S. SEC under former Chair Gary Gensler of undermining lawmakers' efforts to regulate crypto.
Several investor groups are trying to ramp up their crypto activity amid the political shift under President Trump, according to Bernstein.
Shares of Cipher Mining and Core Scientific are trading down 30%, while other miners are down about 20-25%.
A U.S. House committee says it is investigating alleged debanking in the crypto industry, according to a recently published letter.
In a Tuesday filing, lawyers for Coinbase argued that their case offered “the single best opportunity” to decide how to regulate secondary crypto trading.
Coinbase CEO Brian Armstrong announced that the exchange has resolved all pending Solana transaction delays—a response to growing user frustrations over slow processing times. On Jan. 22, he shared the update on the social media platform X, confirming that Solana transactions are now functioning as expected, with canceled transactions eligible for retries. Armstrong wrote: “We […]
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Coinbase has filed a motion to dismiss a lawsuit from BiT Global that challenges the firm’s decision to delist Wrapped Bitcoin (wBTC), according to a Jan. 21 court filing. This follows the denial of BiT Global’s earlier legal attempt to block the delisting through a court order. Last year, Coinbase removed wBTC from its platform […]
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Coinbase CEO Brian Armstrong said the crypto exchange is working hard to scale up amid a surge in activity on Solana.
The Coinbase app is now ranked number 21 on the U.S. App Store, reflecting a surge in interest in crypto ahead of Trump's inauguration.