The bitcoin halving, expected in mid-April, remains the main supply-side event, the report said. Source
Crypto Market Setup Looks Positive for Second Quarter: Coinbase
Tag: Coinbase
44-Day Bitcoin Drain: Coinbase and Binance Shed 76,179 BTC in Less Than 2 Months
Recent figures show that over a span of 44 consecutive days, 76,179 bitcoins, worth $5.41 billion, have been moved out of Coinbase and Binance, the two leading cryptocurrency exchange and custodial firms by reserve size and total trade volume. Robinhood Bucks Trend With Bitcoin Inflows as Coinbase and Binance Face Outflows A significant volume of […] Original
Coinbase Sees Largest USDC Inflow Ever, What This Could Mean For Bitcoin
On-chain data shows Coinbase has just witnessed its largest USD Coin (USDC) inflow. Here’s why this may be relevant for Bitcoin. Coinbase Has Just Seen A $1.4 Billion USDC Inflow As pointed out by analyst Maartunn in a post on X, a large amount of USDC has flowed into Coinbase during the past day. The on-chain indicator of interest here is the “exchange inflow,” which keeps track of the total amount of a given asset entering into the wallets associated with a centralized exchange or group of platforms. A spike…
Bitcoin falls below $70k following Coinbase, SEC court ruling
Bitcoin momentum has dwindled, and trades have returned to under $70,000, likely due to the Coinbase and SEC trials. Bitcoin (BTC) and the crypto market had high hopes earlier this week, but the upward trajectory has now halted and receded. At the time of writing, BTC is currently trading at $68,600. Meme coins, which have somewhat fueled this price rise, have also seemed to have died down, although trading volume on Solana and Base has been hitting all-time highs. Despite the price drop, analysts and notable figures still have high…
Meme Coins (and Pepe’s Best Friend) Swarm Coinbase Layer 2 Chain
It’s not something we have historically written a lot about – bridging yields. But a new report from the crypto investment firm Exponentia.fi included a chart on these yields, and it caught our eye because they’ve been rising fast recently, pushing above 15%. Co-founder Mehdi Lebbar attributes the rising yields to higher demand from users, in part a reflection of the trend toward greater interoperability between blockchains, along with the proliferation of layer-2 and layer-3 networks. “As the DeFi ecosystem extends across networks, third-party bridging protocols like Across and Synapse…
Crypto Stocks Like MicroStrategy (MSTR), Coinbase (COIN) Could Shoot Up if Short Sellers Exit
“These crypto related stocks are extremely crowded and very squeezable relative to the U.S. market, with an average Crowded score of 57.34 versus the street average of 32.41 and an average Squeeze score of 78.69 versus the street average of 34.41,” the report said, adding that “MSTR, COIN and CLSK are the most squeezable names in the sector.” Source
Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets
New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that Judge Katherine Polk Failla has declined Coinbase’s request to dismiss […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Coinbase (COIN) Loses Most of Motion to Dismiss SEC Lawsuit
“When a customer purchases a token on Coinbase’s platform, she is not just purchasing a token, which in and of itself is valueless; rather, she is buying into the token’s digital ecosystem, the growth of which is necessarily tied to value of the token,” she said. “This is evidenced by, among others, the facts that (i) initial coin offerings are engineered to have resale value in the secondary markets and (ii) crypto-asset issuers continue to publicize their plans to expand and support the token’s blockchain long after its initial offering.”…
Bitcoin Coinbase Premium Returns To Neutral: Buying Push Already Over?
The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down. Bitcoin Coinbase Premium Gap Has Returned To Neutral Levels CryptoQuant Netherlands community manager Maartunn explained in a post on X that the Bitcoin Coinbase Premium Gap has declined back toward the neutral line. The “Coinbase Premium Gap” here refers to a metric that keeps track of the difference between the BTC prices listed on cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). When the value of this metric is…
Bitcoin Held On Coinbase Exchange Reach 9-Year Low, Can Bitcoin Reach $75,000?
In a recent development, data from crypto analytics firm Glassnode shows that the amount of Bitcoin held on Coinbase has reached a 9-year low. This has raised the possibility of the flagship crypto rising to a new all-time high (ATH) of $75,000 soon enough. BTC Held On Coinbase Drops Significantly According to Glassnode, the Bitcoin balance on Coinbase dropped to a nine-year low of 344,856 on March 18. This suggests that Bitcoin investors are choosing to move their holdings off exchanges and hold for the long term rather than sell…