Market news: CME Group will launch options contracts based on bitcoin futures expiring on Friday.
Paul Grewal, Coinbase's chief legal officer, said in an interview about the Securities Exchange Commission's (SEC) approach to cryptocurrencies: Treat these projects in a non-discriminatory manner and let the market decide who wins and who loses, rather than having Washington bureaucrats pick winners and losers.
According to Arkham monitoring data, grey release transferred 26,780 ETH worth $84.63 million to Coinbase Prime hot wallet addresses yesterday; in addition, grey release bitcoin exchange traded fund Grayscale Bitcoin Trust also transferred a total of 2,099.588 BTC worth $215.40 million to Coinbase Prime Deposit and an unknown address starting with bc1qj.
"Based on Santiment's on-chain data, more than 240,000 TON have been transferred to exchanges in the past week, which may indicate an increase in selling pressure," said Ali Yu, an on-chain analyst.
Coinbase posted an update on X saying that the issue of sending and receiving cryptoassets on the Base network has now been resolved, and transactions will be processed as expected.
Coinbase announced in a post that the delayed sending and receiving of transactions on the Base network is recovering, and transactions will be processed as expected once the issue is fully resolved. Coinbase thanked users for their understanding and patience, and said it will implement a fix as soon as possible. It is reported that purchases, sales, and fiat currency withdrawals/deposits on the Coinbase platform are not affected.
Cryptocurrency exchange Coinbase (COIN) said it has obtained registration as a virtual asset service provider (VASP) from Argentina's National Securities Commission (CNV), allowing it to offer its services to users in Argentina.