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The hacker linked to the $300 million Coinbase heist is back in action, continuing to deploy stolen funds, this time on the Ethereum (ETH) network. On-chain Analysis reveals that the wallet linked to the exploit purchased 3,976 ETH, worth $18.9 million, at $4,756 per coin, according to data retrieved by Finbold from Arkham on September 13. This isn’t the attacker’s first move. Over the past week, blockchain analysts have tracked multiple high-value swaps from the wallet, including significant purchases of ETH and stablecoins like DAI. As reported by Finbold in late August, the hacker also bought 38,126 SOL worth about $7.95 million at an average price of $209. On July 20, the wallet added 649.62 ETH valued at $2.31 million, purchased at an average of $3,561 per coin. These transactions suggest a diversification strategy, with the attacker spreading funds across major blockchain ecosystems while routing activity through decentralized exchanges and aggregators t...

Eric Trump, son of President Donald Trump, and Coinbase CEO Brian Armstrong are predicting that Bitcoin will surge to $1 million per coin. Trump said BTC would hit $1 million ”in a couple of years, while Armstrong said it would get there by 2030. Eric Trump Calls Himself A ”Bitcoin Maxi”  During an appearance at the SALT conference in Wyoming, the self-proclaimed “bitcoin maxi” said BTC reiterated his year-end target for BTC of $175,000 per coin. “You go out a couple of years, there’s no question Bitcoin hits a million bucks,” he said . He also said that the Trump organization now spends more than 50% of its time on crypto ventures.  Armstrong Cites Improving Regulatory Clarity, Says G20 Nations May Follow US On Crypto Speaking with John Collison on the “Cheeky Pint” podcast, Armstrong said that his “rough” estimation is that the Bitcoin price will reach $1 million by 2030.  I think we'll see...

Coinbase (COIN) surged 10% in after hours trading after the company became the first crypto firm to join the S&P 500 index. Shares in the company pumped over 3% during yesterday’s US trading session, and continued to rally in after hours trading, according to Google Finance data . As a result of the recent surge, COIN trades at $207.22 as of 1:03 a.m. EST. Coinbase CEO Says S&P 500 Inclusion Confirms “Crypto Here To Stay” S&P Global said in a May 12 announcement that COIN will be added to the S&P 500 index on May 19. The leading US crypto exchange will replace Discover Financial Services (DFS), which was recently acquired by Capital One Financial Corp (COF), according to the announcement. “This milestone represents what the true believers, from retail investors to institutional investors to our employees and partners, knew all along: crypto is here to stay,” said Coinbase CEO Brian Armstrong in a May 12 post on X. Coinbase just becam...

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The Coinbase government partnerships now include 145 US and another 29 global government entities. This expansion marks a very important milestone in government crypto adoption and also for institutional cryptocurrency integration. The company is positioning itself as the primary facilitator for blockchain technology in government as crypto regulations continue to evolve. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD How Coinbase’s Government Deals Shape Crypto’s Future & Regulation Source: Reuters Coinbase Strengthens Government Alliances The Coinbase government partnerships have grown dramatically across federal, state, and also local levels. CEO Brian Armstrong also highlighted this expansion in a recent social media post. Armstrong said: “Across federal, state, and local, Coinbase now works with 145 government entities in the U.S. and 29 government entities outside the U.S. In the wake of the U.S. Str...

The most prominent cryptocurrency exchange in the country is set to continue increasing its offering as Coinbase has announced the impending launch of 24/7 Bitcoin and Ethereum perpetual styles futures trading in the United States. Indeed, the platform announced the move in a press release highlighting the “uninterrupted access to manage risk and seize opportunities—just like crypto.” The announcement comes after Coinbase CEO Brian Armstrong announced the company would add 1,000 US workers in the near future. Amid the ongoing pro-crypto shift taking place in the United States, the exchange is situating itself to be an industry leader in the country. Source – New York Times Also Read: Coinbase, Aston Martin Announce Partnership Paid in Stablecoins Coinbase Announces 24/7 Perpetual Style Futures in the United States 2025 has been revolutionary for crypto policy in the United States. The US Security and Exchange Commission (SEC) announced it was dropping its lawsuit again...

The US Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Metamask developer Consensys and also dismissed its case against crypto exchange Coinbase as the Trump-era regulatory shift gathers pace. Ethereum co-founder and Consensys founder Joseph Lubin said in a Feb. 27 post on X that the SEC has agreed to file a motion that will end its case against Consensys. The conclusion of the litigation is still subject to final approval from the regulator. Change In SEC Leadership Marks The Beginning Of Regulatory Shift Consensys lawyer Bill Hughes said in a recent interview that the SEC’s agreement to drop its enforcement action against the company was fairly straightforward, adding that the regulator’s litigation team “understood that the SEC was going to be moving in a new direction.”  According to Hughes, the SEC’s decision is due to its change of direction under the pro-crypto Trump administration. “There was defini...

Base, an Ethereum Layer Two blockchain network, has climbed in rankings, becoming the fourth most-traded blockchain network in the global non-fungible token ecosystem. This notable market milestone is most likely associated with its creator’s recent appeal case victory against the United States Securities and Exchange Commission. Base NFT sales volume has surged over 52% in the past 24 hours. 🚨News: @coinbase wins appeal in SEC's 2023 lawsuit accusing it of operating as an unregistered exchange, declaring SOL and other cryptocurrencies as securities. Case heads to U.S. Court of Appeals, with potential industry-wide impact. pic.twitter.com/SobH8tjMN6 — SolanaFloor (@SolanaFloor) January 7, 2025 Base Emerges The 4th Top NFT Blockchain Network Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that the Base blockchain network has surged in trading sales volume. In the past 24 hours, the Ba...

Top US-based crypto exchange platform Coinbase is removing support for Wrapped Bitcoin (wBTC) as the crypto king crashes below six figures. In a new thread on the social media platform X, Coinbase Assets says it has disabled trading services for wBTC, the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain, as the digital asset no longer meets the firm’s listing standards. “We have disabled trading for wBTC. Your wBTC funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.” Coinbase – which first announced its decision to drop support for wBTC in November – said earlier this week that Tron (TRX) founder Justin Sun being associated with the digital asset was an “unacceptable risk.” Last week, Coinbase was sued by wBTC custodian BiT Global – a firm associated with Sun – for allegedly using wBTC “cash grab” before ultimately creating its own ve...

A Solana (SOL)-based memecoin is surging by double digits after Coinbase added the crypto asset to its listing roadmap. Gigachad (GIGA), a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, soared 51% as the top US crypto exchange made the announcement. GIGA was trading for $0.0414 Wednesday morning and shot up to a high of $0.0627. GIGA has since retraced and is trading for $0.04856 at time of writing. With a market cap of $467.5 million, GIGA is the 237th largest crypto project. Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future. The exchange also announced the roadmap listing of Ethereum (ETH)-based Turbo (TURBO), a GPT-4 inspired memecoin. After the announcement, TURBO shot up from $0.007723 to $0.009075, a more than 17% jump. TURBO ha...

Users of the decentralized betting platform Polymarket believe Popcat (POPCAT), Mog Coin (MOG) and Moo Deng (MOODENG) will be the next cryptos to list on Coinbase and Binance, but they may have overlooked two other dark horse candidates that are having roaring early-stage success. Mog Coin currently holds the lead in the Polymarket contract asking which coin will be next to list on Coinbase, with a 25% chance of winning a coveted listing on the biggest US crypto exchange. Popcat comes in second with an 18% chance, and Goatseus Maximus (GOAT) is third at 13%. Meanwhile, Popcat and MOODENG are joint favorites to win the next Binance listing, with odds standing at 10%. GOAT comes in third with odds of 5%, and MOG fourth with odds of 4% to be the next in line to list on the world’s biggest crypto exchange. Other top meme coins to feature in Polymarket betting odds on the next listings on major exchanges include Peanut the Squirrel (PNUT), NEIRO, and FWOG. Might These Two Meme Coi...

In what is another major move for the meme coin, Coinbase has officially listed the PEPE meme coin. Indeed, the cryptocurrency exchange has become the second platform to do so, following Robinhood’s listing announcement earlier today. The decisions have continued to propel the frog-theme meme coin’s price. The listings continue to solidify a bullish outlook for the cryptocurrency. In a post to X (formerly Twitter), Coinbase’s Chief Legal Officer Paul Grewal announced that the meme coin will be added to the platform’s “Listing roadmap with the goal of listing later today.” https://twitter.com/WatcherGuru/status/1856745323974332609 Also Read: Coinbase to Delist Non-Compliant Stablecoins By The End of 2024 Coinbase Follows Robinhood, Announces Listing of PEPE Meme Coin Since its arrival in 2023, there are few meme coins that have enjoyed a meteoric rise on par with Pepe. Indeed, the token has skyrocketed to become the third-largest meme coin by market ca...

According to Tom Wan, an on-chain analyst at 21.co, Friend.tech’s daily activities related to key minting have seen a decline, with minimal minting on most days. In an X thread on Jan. 7, Wan revealed that the decentralized social network transferred nearly half of its earned fees, totaling 7,800 ETH (equivalent to $16.6 million), to a centralized cryptocurrency exchange, Coinbase. 1/ @friendtech treasury (All Earned Fees) finally moved from an EOA Address to a Multi-Sig one in Dec. In the meantime, they also sent half of their earned fees, which is 7,800 ETH ($16.6M), to Coinbase pic.twitter.com/UoISqyUGGV — Tom Wan (@tomwanhh) January 7, 2024 The latest move comes as Friend.tech experiences a substantial decline in assets locked in the project. At its peak, the total value of assets locked in Friend.tech’s smart contract reached 30,000 ETH (around $50 million) but has since dropped by 50% to its current standing of 15,000 ETH (around $33 million). You mi...

In a pointed letter to prominent crypto lobbying groups, including the Blockchain Association, Coin Center and Coinbase, Warren emphasized the potential negative impact of their lobbying activities. Warren accuses these groups of engaging in efforts that could delay or obstruct the implementation of new regulations aimed at curbing the use of cryptocurrencies by terrorists and criminals. Warren’s latest assertions come amidst a broader conversation about the role of digital currencies in unlawful activities. She alleges that their activities represent an abuse of Washington’s “revolving door,” granting undue legitimacy to the crypto industry. Furthermore, the senator requested detailed information from the Blockchain Association about the employment and compensation of former military, government officials, and Congress members within the organization. You might also like: US Senator Elizabeth Warren introduces bill to crack down on crypto The late...