News linked to both this project and an event.
after Open Standard announced the launch of its new stablecoin, Open USD (OUSD), Circle's stock price fell over 16% on Tuesday. The stablecoin is backed by over 140 companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, raising market concerns that it could pose competitive pressure on Circle's USDC.However, William Blair analysts believe the sell-off was an overreaction and reiterated an "Outperform" rating on Circle's stock, suggesting the decline may present a buying opportunity. The firm believes that Circle holds a competitive advantage in the stablecoin space due to its first-mover status, deep liquidity, and mature payment infrastructure, positioning it well even against high-profile competitors like OUSD.Circle CEO Jeremy Allaire stated that the company welcomes competition and will continue to expand the USDC ecosystem. Analysts also noted that the overall stablecoin market is still rapidly expanding, and new entrants may not necessarily only eat into USDC's market share but could also drive broader industry adoption.
Jiang Zhuoer stated that the current Bitcoin market is exhibiting multiple bearish signals, including continuous selling pressure on spot Bitcoin ETFs and simultaneous reductions in holdings by multiple institutions; the Coinbase premium index has turned significantly negative, with the discount level approaching the range seen prior to the sharp declines at the end of January and the end of May; meanwhile, funding rates in the contract market remain positive and open interest is at high levels, indicating that leveraged funds remain relatively concentrated. In his view, the combination of the above factors implies that market volatility risk is rising.
Cathie Wood 旗下 Ark Invest 多只 ETF 继续买入加密相关股票。其中 ARKK、ARKW、ARKF 合计买入 Coinbase 45164 股（685 万美元）、Circle 81757 股（621 万美元）及 Bullish 148922 股（354 万美元）。除加密股外，Ark 还买入 Palantir、Amazon、Snowflake、Robinhood 等科技与金融科技公司股票；同时减持阿里巴巴、Baidu、Veracyte、10X Genomics、Twist Bioscience、Roku 等标的。
Coinbase officially stated it is cooperating with the Brooklyn District Attorney's Office in New York to assist in investigating a long-term impersonation scam targeting platform users and supporting victims in recovering funds.According to the Brooklyn District Attorney's Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service. Using social engineering tactics, he tricked users into believing their accounts had been compromised and instructed them to transfer funds to a "secure wallet," subsequently moving and stealing the funds. The case involves approximately 100 victims, with the total amount involved nearing $16 million. Over $600,000 has been recovered so far.Coinbase stated that this type of scam does not stem from platform security vulnerabilities but is a social engineering attack exploiting user trust and a sense of urgency. Common methods include identity forgery, impersonating customer service, and creating panic over account risks. The company stated it has cooperated with law enforcement agencies to complete various investigative tasks, including identifying suspects, assisting with victim notifications, providing data support for legal requests, and conducting on-chain fund tracing. It emphasized that blockchain traceability helps law enforcement track the flow of funds.Coinbase also reminded users that the platform will never ask them to transfer funds to a "secure wallet" or request 2FA codes, seed phrases, or password reset links. It recommends that users only contact customer service through official in-app channels. The company will continue to strengthen its anti-fraud mechanisms, user education, and cooperation with law enforcement agencies to address increasingly sophisticated crypto asset fraud activities.
According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock deposited 2,700 BTC (approximately $161 million) and 41,996 ETH (approximately $65.16 million) into Coinbase, totaling approximately $226 million.
: According to Lookonchain monitoring, whales are still accumulating HYPE during the market downturn.An hour ago, a newly created wallet (0x66FE...1389b0) withdrew 222,493 HYPE from Coinbase Prime, valued at $14.41 million. Two hours ago, a whale (0x6437...5CF565) received 44,986 HYPE from FalconX, valued at $2.87 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 222,493 HYPE, worth $14.4 million, from Coinbase. Additionally, a whale received 44,986 HYPE and 860.8 ETH from FalconX, worth $2.87 million and $1.35 million respectively. The whale currently holds 152,986 HYPE and 9,311 ETH, valued at $9.86 million and $14.58 million respectively.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address “0xEe0” has again withdrawn 40,000 HYPE tokens (approximately $2.48 million) from Gate. Its current total holdings stand at 537,200 HYPE tokens, valued at approximately $33.41 million—indicating a clear trend of continued accumulation. Additionally, BlackRock deposited 2,400 BTC (approximately $149.6 million) and 38,337 ETH (approximately $63.38 million) into Coinbase, totaling roughly $213 million.
according to on-chain analyst Ai Yi's monitoring, the Ondo team's multisig wallet transferred 150 million ONDO (worth $49.56 million) to a certain address 8 hours ago. This address has received a cumulative total of 425 million ONDO since April 22, worth a total of $147 million. After the two previous transfers, the tokens were deposited into Coinbase in batches; the purpose remains unknown.
比特币 6 月现货 ETF 净流出 21 亿美元，Coinbase 价格相对国际交易所持续折价，市场担忧伊朗局势与美联储政策走向。
according to an official announcement, Coinbase announced it will list Re (RE).
Benchmark has maintained a "Buy" rating for Coinbase with a $270 price target, implying approximately 59.5% upside from its Tuesday closing price of $169.27. The firm noted that Coinbase's latest "System Update" indicates it is accelerating its transformation from a crypto trading platform into an "everything exchange" that bridges traditional finance and the on-chain economy.Analyst Mark Palmer stated that this product update covers tokenized stocks, stock and crypto options, pre-IPO perpetual contracts, prediction markets, AI-driven investment tools, agent payment infrastructure, and retail financial products, signaling the continuous expansion of its business boundaries.Key progress highlighted by Benchmark also includes: the U.S. CFTC's approval for it to operate as a regulated Futures Commission Merchant (FCM), global derivatives capabilities obtained through the acquisition of Deribit, and integrating crypto perpetuals and options into a compliant framework, thereby achieving cross-market liquidity consolidation.Furthermore, the company's strategic moves in the Base ecosystem, prediction markets, and AI agent payments are also seen as key signals of its evolution from "spot crypto trading" to a comprehensive on-chain financial infrastructure. (The Block)
According to on-chain analyst Yu Jin (@EmberCN), 572,900 HYPE tokens (valued at approximately $40 million) were withdrawn from Coinbase Prime three hours ago and subsequently deposited into Hyperliquid for staking.
research firm Benchmark Equity Research has highlighted that the market structure reform proposal put forward by the U.S. Securities and Exchange Commission (SEC) on June 11 could be one of the most far-reaching regulatory actions for the U.S. crypto industry this year. The proposal aims to abolish Rule 611 and Rule 610(e) of Regulation NMS, two core rules that have governed the routing and execution of U.S. stock trades since 2005, which are seen as having long constrained the development of tokenized stocks and on-chain trading.Rule 611 (Order Protection Rule) requires trading venues to avoid executing trades at prices inferior to "protected quotations" on other markets, thereby enforcing the National Best Bid and Offer (NBBO) system. Rule 610(e) prohibits locked and crossed markets, restricting quotation overlaps and price mismatches.Benchmark analyst Mark Palmer stated that if the rules are repealed, it would remove key legal barriers hindering DeFi trading models, such as automated market makers (AMMs), allowing them to operate without relying on traditional order routing systems. The regulatory changes would directly benefit infrastructure for tokenized stocks and crypto securities trading, with Securitize identified as the most immediate beneficiary. Additionally, Coinbase and Galaxy Digital could also benefit from the expansion of trading, custody, and market-making businesses.However, Benchmark also noted that even with looser rules, critical issues such as exchange registration, clearing and settlement, and custody frameworks remain unresolved. The market is still anticipating the SEC's potential introduction of an "innovation exemption" mechanism. The SEC has opened a 60-day public comment period, and Benchmark expects a final vote could take place in early 2027. (The Block)
Odaily reports, according to monitoring by on-chain data platform Arkham, about an hour ago, BlackRock transferred 7,245 ETH to the Coinbase Prime hot wallet address, worth approximately $12.6 million. Monitoring data indicates that BlackRock may continue to deposit additional ETH into this address.
according to Onchain Lens monitoring, a HYPE genesis whale deposited 576,000 HYPE into Coinbase, worth $35.28 million, with profits exceeding $44.34 million.
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
According to monitoring by on-chain analyst Ember, FTX/Alameda transferred 200,000 SOL (approximately $13.01 million) obtained from this round of unstaking to multiple addresses 5 hours ago. Most of these addresses are expected to subsequently transfer the SOL to Coinbase or Binance.Data shows that since November 2023, FTX/Alameda's staking addresses have unstaked and transferred a cumulative total of 10.75 million SOL, worth approximately $1.407 billion, with an average transfer price of around $130.9. Currently, the relevant staking addresses still hold 2.985 million SOL (approximately $200 million) in staked status.
investment firm Bernstein has released a report indicating that the expanded 48-team 2026 FIFA World Cup, set to take place in North America, is expected to drive up to $10 billion in consumer transaction volume for sports betting and prediction markets, along with over $3 billion in incremental capital.Bernstein analysts pointed out that this World Cup could be a turning point for prediction markets and online sports betting platforms, accelerating the development of platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercially launch its CFTC-licensed prediction market exchange, Rothera. Institutions such as Binance and Coinbase are also offering World Cup contracts through partnerships. Currently, on the Myriad platform, Spain and France have the highest odds of winning. (Decrypt)
According to on-chain analytics platform Lookonchain (@lookonchain), a U.S. government wallet (containing seized funds from FTX/Alameda) deposited 98,590 LINK tokens into Coinbase Prime, valued at approximately $768,000.