🚨 Update on Coinbase vs SEC Legal Battle 🚨
The first round of oral arguments has concluded, and the judge, Katherine Polk Failla, is impressed with Coinbase's grasp of the complex issues. The DeFi community's amicus brief, praised by the judge, argued that Coinbase's staking doesn't qualify as an unregistered security.
Judge Failla questioned the SEC's reliance on the Howey Test, citing crypto-supportive Senator Cynthia Lummis's perspective: "We've had 90 years where these securities laws have applied. But now we have something new." Coinbase contends the SEC's interpretation is too broad.
The company's lawyer argued, "I think there would have been a lot of surprise in the 1933/1934 Congress to find an investment contract didn’t have anything to do with a contract at all."
Awaiting the judge's decision, legal experts suggest a 2 to 6-week timeframe. Will this case follow Ripple Labs' prolonged legal battle with the SEC? Stay tuned for updates!
#CryptoNews. #Coinbase. #SecGov #trendingtoday

🔵 “The SEC’s approval of 11 spot bitcoin ETFs, eight of which are partnered with Coinbase, is a watershed moment for the expansion of the cryptoeconomy”

This is what @coinbase declares in an article on its blog.

“Bitcoin Spot ETFs introduced by the world’s largest asset managers will unlock diverse pools of new investors to drive long-term growth and product innovation.”

#etf #BTC #Coinbase. #coinbaseetf #BTC-ETF.

(Lookonchain)

A miner wallet woke up after being dormant for nearly 14 years and deposited 50 $BTC ($3.67M) to #Coinbase.

The miner earned 50 #BTC from mining on April 25, 2010, and has been holding it to this day.

#Coinbase. is increasingly dominant in the U.S. since the ETF approvals.

Over the past 3 months, its #BTC market share has climbed from 47% to 60%.
#ETFbitcoin‬ #Writen2Earn #HalvingHorizons

via lookonhain on X

Celsius transferred 459,561 $ETH ($1.014B) out 9 hrs ago.

297,454 $ETH ($656.5M) → #CoinbasePrime
146,507 $ETH ($323.3M) → #PaxosTreasury
7,800 $ETH ($17.2M) → #FalconX
7,800 $ETH ($17.2M) → #Coinbase.

And #Celsius still has 62,468 #ETH ($139M) left.

🚨Big news🚨

GRAYSCALE just sent 10,00#Bitcoins(worth over $425 million) to #Coinbase.

PS: don't forget a small tip to support me and thank you.

#BTC #Binance

1,832,958 #SOL worth (~$182,951,373) withdrwn via #Coinbase.

🐳🐋 Whale Alert!

4,469 BTC, worth $191,886,661 USD 😲, has just been transferred from an unknown wallet to #Coinbase.

#ozuru

Grayscale, Coinbase sit down with SEC over spot Ether ETF

Grayscale and Coinbase met with the SEC on March 6 to address concerns about the conversion of Grayscale’s Ethereum Trust into a spot ETF.

Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs).

Grayscale is seeking to convert its Ethereum Trust — which tracks the market price of Ether into an ETF, similar to the conversion of its Bitcoin Trust to an ETF in January. The meeting, held on March 6, followed the end of the commenting period for the proposal and addressed concerns about possible market manipulation should the fund be approved.

According to a presentation shared by the SEC, Coinbase argued that the same reasoning that led to the approval of Bitcoin ETFs should be applied to Ether since the token has “mechanisms that significantly limit ETH’s susceptibility to fraud and manipulation.”

Another presentation point relates to Coinbase’s surveillance-sharing agreement with the Chicago Mercantile Exchange (CME). The mechanism was implemented for Bitcoin ETFs at the request of the SEC to improve trading monitoring.

Grayscale is also proposing a second ETF for Ether futures trading. The main difference between spot and futures markets is that spot market assets are traded immediately, whereas, in the futures market, contracts are made to buy or sell assets at a future date for a specific price.

#Etherrum #ETH✅ #Coinbase. #Graysacle

@dannydiekroeger post on X

The post discusses a clever tactic employed by #MagicEden in their transactions with #Coinbase. Instead of using their own address to receive tiny outputs for marketplace fees, they use their Coinbase account address. As a result, Coinbase is left with the responsibility of paying the fees to consolidate these small outputs, leading to significant losses due to inefficient handling. The post suggests simple fixes for Coinbase, such as excluding small outputs from normal withdrawal selections and implementing a separate process for consolidating small outputs. It highlights a transaction as an example, demonstrating how the issue of bad fee estimation is compounded by poor coin selection, ultimately costing Coinbase substantially more in fees. The post urges Coinbase to address these issues promptly to avoid further financial losses.

📢📢📢📢2,514 #BTC (108,739,890 USD) transferred from unknown wallet to #Coinbase. #BinanceSquareAnalysis

Claim free bnb reward ❤️
An hour ago, 280.2K $HIGH (equivalent to $1.8M) was transferred from address 0x69b8a7a0e6C759065C9749ED002Cf059F0a6E70D to #Coinbase
An hour ago, 280.2K $HIGH (equivalent to $1.8M) was transferred from address 0x69b8a7a0e6C759065C9749ED002Cf059F0a6E70D to #Coinbase.

🚨 A sum of 234,684,280 Dogecoin (#DOGE) worth $43,614,248 has been transferred from an unknown wallet to #Coinbase.

In the 2017 bullrun, i went from $2k to $150k.

Then i lost almost all of it.

I used the 2019 bear market as a way to learn & become a better #crypto trader.

From $10k, i grew one of my wallet to $900k+

These rules changed my life

#celistia LESTIA #altcoins❗️ coin $ADA DA $MATIC ATIC #memecoin #Trustwallet #bitcoin #crypto $USDT $BLUR $PYTH #NFT #OpportunityKnocks ENSEA $BTC $USDC #kucoin #BAYC #ZEALY $DOGE #BinanceCEO ce #Coinbase. #Trading #GALXE $BNB #AAVE #Blockchain $ETH
#Cryptocurrency

#coin taka mala statistics #Coinbase.

As I told everyone earlier #toshi is bullish and pumped to 22M. All risk taker and hodl congrats for 5-10x profit. Just a start many new things are coming soon. #Coinbase. Support and Face of the #base . Still have better entry position before it will touch 100M ..

10M = 0,000024
100 M = 0,00024
1B = 0,0024
2Bi = 0,005
4B = 0,01
40Bi = 0,10 💎

The best Christmas gift you could give yourself is a big purchase from $TOSHI. And wait for the potential of this GEM, which will be historic! @Toshi_base

Do check out this project #coinbase and #base next revolution in the next bull run. 💸👀🐈💰💰💰💰💰

Are you looking for a project that is backed by Coinbase and Animoca Brands and the most important thing is just 3 to 4x above from the ido price...

You can search for #BitsCrunch on coinmarketcap for more info.

#newhotgem #ai #Coinbase. #animocabrands.. #Bybit

Close to 200 Billion SHIB Sent to Leading Exchanges by Big Player as Price Soars

Almost 200 billion SHIB go to major exchanges
The aforementioned account @OnchainDataNerd spread the word that popular crypto trading firm Cumberland, which has been operating on the market since 2014 and in the past worked with Goldman Sachs and Nomura as a liquidity provider for their crypto trades, has transferred 144 billion Shiba Inu to the Coinbase exchange.

Several hours prior to that, the same company moved 50.36 billion to OKX. These chunks of SHIB are evaluated at $3.3 million and $1.17 million. Now, after these transfers, Cumberland’s wallet still holds an estimated 1.69 billion Shiba Inu worth roughly $45,000.

6 hours ago, #Cumberland just deposited 144B $SHIB (~$3.3M) to #Coinbase.

10 hours ago, they did deposited 50.36B $SHIB (~$1.17M) to #OKX.

Just now, they just have 1.69B $SHIB (~$45k).

Here’s what happened in #crypto today!

° #SEC asks for extension in #Coinbase case.

° Cardano founder to meet Argentina President Milei.

° #Solana Solana unveils new Seeker device: Not just a “memecoin phone”.

° The Securities and Exchange Commission is seeking a four-month extension to review documents in its case against #Coinbase.

$BTC $FIDA $TURBO