Recent hours have brought several interesting news related to Binance, Coinbase, and also the company Microstrategy. We present them to you in this summary.

#Binance has opened trading pairs Bitcoin/FDUSD and ETH/FDUSD, for which it charges no trading fees. This is likely a short-term promotion intended to promote the new stablecoin First Digital USD (FDUSD) on this platform, which is backed by the Hong Kong custody firm First Digital.

Binance's CEO, Changpeng Zhao (CZ), warned that scammers are using a new sophisticated method to deceive cryptocurrency holders. It involves generating an address that has the same beginning and ending words as a legitimate address. The problem is that when entering a transaction, most people verify the beginning and end of the address. #CZ provided an example where one crypto operator almost made an incorrect transaction of 20 million USDT. Fortunately, it was successfully frozen.

Coinbase plans to file a motion in court today to dismiss the SEC's lawsuit against the company. Representatives of Coinbase are confident they would win any potential legal dispute.

Coinbase released its quarterly results on Thursday, announcing net revenues of $663 million. Coinbase's net income fell by 10% compared to the second quarter of 2022, but exceeded expectations due to Coinbase's growing dominance in the US markets after Binance.US lost a significant market share. The net loss was $97 million, marking the exchange's sixth consecutive quarter with a loss. However, this is much lower than after the second quarter of 2022.

Coinbase is one step closer to the official launch of Coinbase Base. Developers have released an interface for the official bridge, allowing users to connect to the network for the first time without relying on developer tools. The official launch of the Base platform, built on Ethereum's second layer, is scheduled for August 9th.

Microstrategy's Plans and Bitcoin ETF:

Michael Saylor believes that interest in #Microstrategy shares will persist even after the approval of a spot Bitcoin ETF in the USA. He also confirmed that Microstrategy will continue to purchase bitcoins for its balance sheet. The company could use the $750 million it plans to raise from the sale of its Class A common shares for this purpose.

Applications for Ethereum ETF:

In addition to applications for a spot Bitcoin ETF, the SEC is also receiving requests for approval of Ethereum ETFs. Bloomberg pointed out that in the last 11 days, a total of 11 applications related to Ethereum have been submitted to the SEC. These aren't just for spot Ethereum ETFs but also futures ETFs or combined ETFs for BTC and #ETH .

Don't forget to follow us🔔