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BlackRock deposited 21,910 Ethereum (ETH), worth around $117.82 million, to Coinbase Prime on Monday, October 20, leaving the market speculating as to what the investment firm’s next move might be. The transfer was done in ten transactions, nine of which were of about 3,000 ETH, or around $12.15 million, and one of more or less 2,109 ETH, worth approximately $8.45 million, according to data Finbold retrieved from Arkham Intelligence .  BlackRock ETH transfers. Source: Arkham Intelligence Institutional movements of this caliber are often seen as the groundwork for increased trading activity in the near future, or a rebalancing of the holder’s portfolios.  Accordingly, traders are now speculating whether the fund might increase its offloading soon. Last week, ETH ETFs had already seen a total of $312 million in outflows, with Blackrock’s iShares Ethereum Trust ETF (ETHA) accounting for $245 million. While there is still no telling what the next move coul...

In a widely reported development, Coinbase is working with charity Give Directly to provide 160 New Yorkers with $12,000 worth of the stablecoin USDC over six months. The first payment is worth $8,000 with recipients set to receive $800 each month after that. Coinbase and GiveDirectly are calling this a pilot program for what’s known as Universal Basic Income (UBI) — or a sum of money that will be provided to everyone so they can afford shelter, food, and other necessities as jobs begin to dwindle with the advancement of artificial intelligence and robotics. But is this actually a UBI pilot program? The short answer is no. UBI has been examined and experimented with numerous times before. Indeed, negative income taxation was tested in the US and Canada in the ’60s and ’70s with mixed results. Later, pilot programs were initiated in numerous countries. Iran even adopted the concept entirely in 2010, though it’s seen mixed results (the subsidized inc...

Coinbase is spending over $6 million annually on Brian Armstrong’s personal security, which despite having access to an X-ray scanner, wrongly called the bomb squad over a bottle of tequila. Last weekend, the crypto exchange CEO revealed his security team scanned a package after it was dropped off by a plain van. They decided to call in the bomb squad, however soon discovered it was just a bottle of tequila gifted by the All-In podcast. The battery and wires that spooked the security team were powering the box’s interior lighting.  A white unmarked van pulled up to my house yesterday and dropped off a mysterious package. (I was out of town) My security team x-rayed it and it had a battery, wires, and cylinder inside. The Bomb Squad was called in to investigate. In the end they discovered it was a gift… pic.twitter.com/sXBOf9fxor — Brian Armstrong (@brian_armstrong) July 12, 2025 Armstrong gifted the bottle of tequila to the security team. Read more: Ledger e...

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Coinbase added three relatively new altcoins to its listing roadmap on Friday, putting the tokens on the potential path toward trading on the top US digital asset exchange. The firm could soon support Morpho (MORPHO), Popcat (POPCAT) and Pudgy Penguins (PENGU). Morpho is a decentralized lending protocol built on the Ethereum (ETH) blockchain. The project’s native token launched in June 2022 and is trading at $1.81 at time of writing. The 188th-ranked crypto asset by market cap is down nearly 2% in the past 24 hours. Popcat is a Solana (SOL)-based memecoin that launched in December 2023. The 289th-ranked crypto asset by market cap is trading at $0.213 at time of writing and moved sideways in the past day. Pudgy Penguins is a non-fungible token (NFT) project. The project’s utility token, PENGU, launched in December and is trading at $0.00987 at time of writing. The 127th-ranked crypto asset by market cap is down more than 8% in the past 24 hours. Being...

Coinbase founder and CEO Brian Armstrong says the latest memecoin frenzy is overwhelming the top US-based crypto exchange. Armstrong acknowledges that Solana is experiencing transactional delays on Coinbase amid a high volume surge in the trading of memecoins launched on the SOL network. In response to one customer complaining of delays on the social media platform X, Armstrong says, “Team is working hard on scaling our Solana infra now – lots of Solana activity last few days, we were not anticipating this level of surge.” Armstrong also responds to another customer complaining they’ve been waiting two days so far for their transfer of SOL to a private wallet to go through. “It’s a scaling challenge keeping up with activity on Solana chain (which surged lately), not solvency. Customer funds are 100% backed and audited periodically by Deloitte. Team is working hard to resolve it.” According to blockchain data aggregator DefiLl...

In what is surely an important development for the digital asset industry within the country, Coinbase has officially launched Bitcoin loans for US users. Indeed, users in the United States will once again be able to get BTC loans directly from the cryptocurrency exchange. The returning feature is a key part of the platform’s recent partnership with centralized finance lender Morpho. Currently, access to the new crypto-based loans is available to all American customers outside of the state of New York. Moreover, they are expected to expand the offering in the coming years. JUST IN: Coinbase launches Bitcoin loans for US users. — Watcher.Guru (@WatcherGuru) January 16, 2025 Also Read: Coinbase to Add Proof of Reserves to Bitcoin Wrapper cbBTC Coinbase Brings Back Bitcoin Loans for US Customers Through New Partnerships Things are expected to change for the US cryptocurrency market. In four days, US President-elect Donald Trump is set to be inaugurated. Moreover, he is poised to bri...

Mog Coin ($MOG) and Catslap ($SLAP) are leading the charge in the cat-themed meme coin sector, with all signs pointing to prices soaring even higher. $MOG price is up 24% at the start of the European session while debutant cat coin Catslap token is 1,740% higher in the past 24 hours – $SLAP launched on decentralized exchanges (DEXs) yesterday and is an Ethereum-based meme coin.  Trending as the number one hot pair on DexTools yesterday, meme coin-hungry traders are expecting more of the same from Catslap today as bulls target $0.0030. $SLAP 24-hour trading volume has hit $7 million and DEX transactions are running at 1,448 and should surpass 1,000 token holders shortly. Meanwhile, community followers on socials (X and Telegram) have passed 1,800 and these metrics are growing fast.  Also, the fully diluted market capitalization of $SLAP is within touching distance of $20 million and could double in the next 24 hours if $0.003000 is breached...

The Hedera price surged 35% in the last 24 hours to trade at $0.1160 as of 3.50 a.m. EST on trading volume that skyrocketed 55% to $1.32 billion. The HBAR price pump made the crypto the biggest gainer among the largest cryptos by market cap. The project has seen a steady but constant price increase over the past seven days, going from $0.05487 to $0.13 mere hours ago. The increase was interrupted about six hours ago, when the Hedera price saw a sudden increase that allowed it to skyrocket to $0.13. However, a resistance at $0.12 eventually rejected the token, leading it to its current value. The project recently saw several important developments, such as Greyscale AI leveraging Prove AI on Hedera to achieve reliable data governance, as announced by Hedera’s president, Charles Adkins on November 15. Not only that, but on the same day, HBAR was included in Coinbase’s new crypto index called Coinbase 50 Index (COIN50), joining 49 other top-ranking assets as one o...

The Golden State Warriors have announced a partnership with troubled cryptocurrency exchange Coinbase, despite currently being sued by the investors of its previous crypto sponsor, FTX. Coinbase is now the “official cryptocurrency platform and blockchain partner of the Warriors” and its home, Chase Center. The partnership aims to “introduce new and exciting ways for fans to engage with their favorite team.” Essentially, Coinbase and the Golden State Warriors will peddle blockchain-related merch . In a bid to attract new users, Warrior fans who create a Coinbase account will also get “season-long benefits.” Coinbase is already the exclusive crypto partner of the NBA and the WNBA, as well as the NBA G League and the NBA 2K League. Golden State Warriors and Coinbase face legal woes However, the crypto exchange is currently in a heated legal battle with the Securities and Exchange Commission (SEC). Coinbase is accused of illegally ope...

The Degen price skyrocketed 98% in the last 24 hours to trade at $0.009137 as of 3.30 a.m. EST on trading volume that soared 921% to $77.5 million. The project saw its price skyrocket after announcing huge news about its token, DEGEN, getting listed on Coinbase Spot trading, and becoming the 4th Base token to achieve such a feat. GM Degens! Huge news—$DEGEN is getting listed on Coinbase Spot trading, becoming the 4th @base token. This journey’s been wild, and we’ve got plenty ahead. Big thanks to the Degen and Base fam for sticking with us. Let’s keep building! https://t.co/m9j1FcTYMs — Degen 🎩 (@degentokenbase) October 1, 2024 New exposure contributed to its price surge, allowing it to skyrocket despite the fact that the rest of the market is seeing a sharp correction Bitcoin, Ethereum, and many other large cryptos are trading in the red today as escalating tensions in the Middle East worry investors. In other words, Degen is trading agains...

Top US crypto exchange Coinbase has added a yet-to-be-launched Ethereum (ETH) restaking project to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added EigenLayer (EIGEN) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. EigenLayer aims to provide restaking services for ETH stakers. Users that stake ETH can opt in to EigenLayer and rehypothecate their coins on its network to use for other applications. The advent of restaking and other liquid staking derivatives allows users to stake their coins without forgoing other opportunities while doing so, increasing capital efficiency and value accrual to the token. According to Ethereum development firm Consensys, EigenLayer has the potential to improve Ethereum’s fee model. “In short, this model creates a flow of value that grows along with the network: Ethereum supplies security to ...

The AI Companions’ price plunged 12% in the last 24 hours to trade at $0.04716 as of 12.20 a.m. EST on trading volume that dropped to $3.88 million. The newly launched token based on Binance Smart Chain emerged only weeks ago, and it has seen plenty of volatility throughout September. Initially, it surged to $0.080, but its price was rejected from this level, causing it to spend the last week or so fluctuating between $0.050 and $0.070. The new price drop comes as a consequence of a wider market drop led by Bitcoin. However, it is slightly late, as BTC, ETH, and many other cryptocurrencies saw their sharp drop take place several hours before AIC. By the time AIC reacted, the larger coins and tokens had already started to recover, which could work as a hint for what to expect from the token over the next several hours. It is also worth noting that the project has been announcing partnerships and listings ever since it emerged, with the most recent one being a team-up with Crypt...