Coinbase's $953.8 million revenue in Q4 2023 exceeds analysts' expectations
Coinbase (COIN) beat analysts’ earnings and revenue expectations for the fourth quarter of 2023, benefiting from the surge in cryptocurrency prices. Earnings per share of $1.04 beat analysts’ average estimate of $0.02 per share. Revenues of $953.8 million also beat analysts’ forecast of $826.1 million.
MicroStrategy's Bitcoin Holdings Are Now Worth $10 Billion
The Bitcoin held by MicroStrategy is currently worth approximately $10 billion. As of February 5, 2024, the company held 190,000 BTC with a total cost of $5.93 billion and an average holding cost of $31,224.
Grayscale transferred 2399.657 BTC to Coinbase Prime 15 minutes ago
Grayscale transferred 2399.657 BTC to the Coinbase Prime address 15 minutes ago, worth about $126 million. In addition, Grayscale also transferred 1756.2 BTC to a new address, which is suspected to be Grayscale's new custodial address.
VanEck Reduces BTC ETF Fee from 0.25% to 0.20% from February 21
In the competition for BTC spot ETFs, VanEck announced that it would reduce the fee rate of its BTC ETF from 0.25% to 0.20% starting from February 21, reflecting the existence and fierceness of the fee war.
As Bitcoin ETFs gain popularity, gold ETFs lose appeal
The leading gold-tracking ETF saw significant outflows, reaching $2.39 billion. Meanwhile, interest in Bitcoin spot ETFs increased, with inflows reaching $3.89 billion, showing a clear difference between gold and Bitcoin ETFs and user interest in new alternatives.
Elizabeth Warren pays tribute to Satoshi Nakamoto? Bitcoin fans go crazy
There is a rumor circulating in the cryptocurrency community that Elizabeth Warren flew a flag over the Capitol to commemorate Bitcoin creator Satoshi Nakamoto and the 15th anniversary of Bitcoin. This action has sparked widespread discussion in the cryptocurrency community. Although Warren has criticized cryptocurrencies in the past, this event may mark a major shift in the US government's attitude towards cryptocurrencies, or it may just be an unconfirmed rumor.
Former FTX Law Firm to be Appointed as Binance Independent Monitor
Sullivan & Cromwell, the law firm that previously handled the FTX bankruptcy case, is now set to be appointed as Binance’s independent monitor, a move that may be aimed at strengthening Binance’s compliance and transparency.
Bitcoin is expected to hit a record high by the end of March
After the SEC approved the first Bitcoin spot ETF to be listed, the Bitcoin price showed strong momentum. The huge inflow of funds and active trading volume of Bitcoin spot ETFs have had a positive impact on the Bitcoin price. QCP Capital predicts that the Bitcoin price is expected to break through the historical high by the end of March.
Coinbase's stock price exceeded $160 before the market opened, with a single-day increase of 14.24%
Coinbase's stock price broke through $160 in pre-market trading, with a price of $160.38, a one-day increase of 14.24%. JPMorgan Chase recently upgraded Coinbase's stock rating from "underweight" to "neutral", which may be one of the reasons for the stock price increase.
Chainalysis: Lazarus uses new currency mixing protocol YoMix to launder money
Chainalysis' report pointed out that the North Korean hacker group Lazarus Group is using new money laundering techniques and turning to a new currency mixing protocol called YoMix. In 2023, the funds flowing into YoMix increased fivefold, of which about a third came from wallets related to crypto hackers. This shows that the Lazarus Group is working hard to adopt new technologies to evade regulation and tracking.
Wormhole has transmitted over 1 billion messages across blockchains
Official data shows that Wormhole has transmitted more than 1 billion messages across chains, making it the leader among all interoperability protocols.
BlackRock IBIT holds nearly 110,000 Bitcoins
BlackRock's spot Bitcoin ETF Ishares Bitcoin Trust (IBIT) held 109,609 bitcoins as of February 14, equivalent to approximately $545 million in net assets.
Several executives left, ETFs were liquidated, and Global X was in a "retrograde" situation
At least six executives have left Global X ETFs in the past three months, and the company is going through a period of turmoil. In addition, Global X has withdrawn its application for a spot Bitcoin ETF and announced that it will liquidate 19 ETFs, further adding to the uncertainty of the company.
CryptoQuant: Bitcoin premium on Coinbase hits 9-month high
Data from CryptoQuant shows that the premium for Bitcoin on Coinbase has reached a nine-month high, indicating strong demand for Bitcoin among U.S. investors.
Is an Ethereum ETF the Next Triumph for BlackRock? SEC Chairman Gary Gensler Remains Skeptical
BlackRock is optimistic about its Ethereum ETF application, but SEC Chairman Gary Gensler has taken a cautious stance on cryptocurrency investment, emphasizing the risks of fraud and manipulation in the market, indicating that there is still uncertainty about the approval of the Ethereum ETF.
