coinbaseexchange.

🔔 MARKET MOVING NEWS! (04/10/25)

1️⃣ Coinbase Applies for US Banking License 🔍
#CoinbaseExchange.
Crypto exchange Coinbase has reportedly applied for a national trust charter from the Office of the Comptroller of the Currency (OCC), aiming to expand its offerings without becoming a full bank. This move would allow the company to accelerate product launches, integrate digital assets with traditional finance, manage its own reserves, and handle institutional asset custody more efficiently. Coinbase emphasized that it has "no intention of becoming a bank" and believes regulatory clarity will enable secure innovation. The application places Coinbase alongside other crypto firms like stablecoin issuers Circle, Paxos, and Ripple pursuing similar charters.
2️⃣ Stablecoin Leader Tether Seeks Capital for Tokenised Gold Hoard 💎 #StablecoinRatings

Stablecoin issuer Tether is reportedly partnering with Antalpha Platform Holding to raise at least $200 million for a new digital-asset treasury company focused on stockpiling Tether's gold-backed token, XAUt. Notably, Antalpha Platform Holding is closely affiliated with crypto mining giant Bitmain Technologies Ltd. This vehicle would acquire Tether's XAUt, which has a $1.5 billion market cap that doubled this year amid a 46% surge in gold demand. Cohen & Co. is advising on the deal. The initiative could deepen ties between Tether and Bitmain.
3️⃣ Bored Ape NFTs Are Not Securities, Court Rules in Landmark Decision ▶️
A federal judge in California has dismissed a class-action lawsuit against Yuga Labs, ruling that Bored Ape Yacht Club NFTs do not qualify as securities under the "common enterprise" prong of the Howey test. The judge highlighted differences from cases like Dapper Labs' NBA Top Shot and DraftKings NFTs, noting that Bored Ape purchases occur on third-party marketplaces like OpenSea. He also noted that Yuga's royalty fees (up to 10% on resales) decouple the company's fortunes from holders as the firm stood to gain even if plaintiffs sold their own NFTs at a loss.
4️⃣ Walmart-Backed Fintech Onepay Is Bringing Crypto To Its Banking App 🏦
According to a CNBC report, Walmart-backed fintech OnePay is planning to introduce crypto trading and custody features to its mobile banking app later this year. This would allow users to buy, sell, and hold bitcoin and ether directly in the platform. It would also allow seamless conversion of crypto to cash for in-store purchases or card payments. OnePay has teamed up with Zerohash, a Chicago-based startup, to handle these crypto capabilities.
5️⃣ Samsung Expands Coinbase Partnership With Galaxy Wallet Tie-Up In US ‼️
#Samsung
Samsung is expanding its partnership with Coinbase, allowing U.S. Galaxy smartphone users to fund their Coinbase accounts directly via Samsung Pay integrated into the Coinbase app. This builds on a July announcement and targets over 75 million Galaxy owners, with international rollout planned in the coming months. As part of the deal, Samsung Wallet users get a limited-time offer for Coinbase One, the exchange's subscription service that includes waived trading fees and boosted staking rewards.
#Samzy
Source

#BTCNextATH?

A key driver of Bitcoin’s rise is institutional adoption. With more firms integrating BTC into their portfolios, the $100K mark is no longer just a speculative frenzy but a sign of growing legitimacy. However, if economic instability increases, will institutions hold or sell their BTC holdings?
$BTC $ETH
#Bitcoin❗ #Ethereum✅ #CoinbaseExchange. #TradingSignals

Coinbase, a leading cryptocurrency exchange, has voiced strong opposition to Brazil’s proposed regulations on stablecoins. The measures, aimed at curbing illicit activities, would ban withdrawals of stablecoins to self-hosted wallets, raising concerns about their impact on adoption and decentralized finance (DeFi) in the region.
Coinbase Criticizes Ban on Self-Hosted Wallets
Tom Duff Gordon, Coinbase’s Vice President, criticized the Central Bank of Brazil's approach, stating it could stifle innovation and harm users relying on stablecoins for financial operations.
“The Central Bank should reconsider. Stablecoins are essential for the future of the internet and decentralized finance, and self-custodial wallets play a critical role in this ecosystem,” Gordon explained.
Coinbase Offers Safer Alternatives
As part of the public consultation process, Coinbase proposed solutions to address the central bank's concerns about money laundering (AML) and know-your-customer (KYC) practices without banning withdrawals.
Gordon emphasized, “We presented arguments on how this model can be implemented safely while addressing legitimate concerns. The proposed ban risks criminalizing decentralized finance applications, which heavily rely on stablecoins.”
Why Brazil Is Targeting Stablecoins
Brazilian authorities are concerned about the rise of stablecoins in remittances and their potential use for tax evasion and money laundering. To address these concerns, they floated the idea of taxing stablecoin transactions and banning withdrawals to untraceable wallets.
However, experts argue that banning self-hosted wallet withdrawals would hinder lawful DeFi applications and disrupt the use of stablecoins for everyday transactions in Brazil.
Coinbase Advocates for Growth and Innovation
Coinbase’s response highlights the need for balanced regulations that promote innovation while addressing security risks. The company’s stance underscores its commitment to shaping policies that support global crypto adoption without compromising user freedom.
The post appeared first on CryptosNewss.com
#CoinbaseExchange. #BrazilCryptoAdoption #Stablecoins $BTC

The Coinbase hack saga continues following a breaking development about the US Justice Department’s plans to open an investigation into the data breach against the top crypto exchange.
This follows the company’s debut on the S&P 500, with the COIN stock price closing the day in the red.
US Justice Department To Investigate Coinbase Hack
According to a Bloomberg report, the US DOJ has opened a probe into the recent data breach at crypto exchange Coinbase.
Investigators, including those in the department’s criminal division in Washington, are reportedly digging into the events that led to the breach.
As we reported last week, the top crypto exchange suffered a cyberattack. The criminals allegedly bribed and recruited rogue customer service agents overseas to gain access to users’ personal data.
The company claimed that the hackers didn’t gain access to any sensitive data. Meanwhile, the exchange promised to reimburse affected customers of the Coinbase hack.
Additionally, they launched a $20 million reward to track down the exploiters, who had blackmailed them for the said amount in exchange for not releasing the data.
The Coinbase data breach affected top executives, including Sequoia Capital’s Roelof Botha. Meanwhile, exchanges Binance and Kraken reportedly also faced similar incidents.
Crypto millionaires have moved to hire bodyguards following the hack. The exchange is also facing up to six lawsuits due to the compromised user personal data.
Exchange Debuts On S&P 500
Amid the launch of the probe into the Coinbase hack, the exchange debuted on the S&P 500 today, becoming the first and only crypto company to achieve this milestone.
We also reported last week that the crypto exchange would replace Discover Financial Services, following Capital One’s acquisition of the latter.
Despite the debut, the COIN stock price closed the day in the red, trading at around $263.
The stock rebounded to this price level last Friday following the crash on May 15 due to reports of the data breach and the ongoing SEC investigation into alleged misleading user numbers in past disclosures.
The exchange’s Chief Legal Officer, Paul Grewal, confirmed that they are cooperating with the SEC on the investigation, although he believes it shouldn’t continue.
Meanwhile, concerning the Coinbase hack, Grewal also revealed that they have notified and are working with the DOJ and other US and international law enforcement agencies.

#CoinbaseExchange. #coinbase #Hack #Hacked #HackerAlert

1️⃣ Bybit Processes All Withdrawals, System Returns To ‘Normal Pace’: Ben Zhou 🔼
#BybitWalletHack
In a recent statement posted to X, Bybit CEO Ben Zhou reassured users that the crypto exchange is “fully back to normal pace” after being hit by the single largest hack in the crypto industry’s 15-year history. For context, the hack saw over $1.4 billion in crypto assets drained from the platform. Zhao stated the exchange is now processing all withdrawals. He assured users they could withdraw without limits or delays and apologised to his 200,900 X followers for the unexpected incident. A full incident report and a security assessment will reportedly be released in the coming days.

2️⃣ Coinbase, SEC Reach Agreement to Dismiss Lawsuit ‼️
#CoinbaseExchange.
The U.S. Securities and Exchange Commission (SEC) has reportedly agreed to dismiss its lawsuit against crypto exchange Coinbase. While the dismissal is still subject to approval by an SEC commissioner before the suit is officially withdrawn, Coinbase CEO Brian Armstrong said that the agreement was "hugely vindicating"

Armstrong stated,

If this goes through, it’s a really big deal, not just for us, but for the whole crypto industry, the 50 million Americans who hold crypto, and I think for the rest of the world because this is an important signal about where things are going.

3️⃣ ZachXBT Identifies Lazarus Group As Behind Bybit $1.4B Hack, Wins Arkham Bounty 🔍
#LazarusGroup
According to an announcement by Arkham Intelligence, the on-chain sleuth ZachXBT has identified North Korean hacker group Lazarus as being behind the $1.46 billion Bybit hack on Feb. 21. The finding was made as a submission by ZachXBT in a 50,000 ARKM (worth roughly $31,500) bounty posted by the on-chain intelligence firm. Additionally, later reports state that new on-chain findings have revealed that the same Lazarus Group-affiliated wallets were behind January’s $29 million Phemex hack in January.

4️⃣ Franklin Templeton Seeks SEC Approval For A Solana ETF Involving Staking ▶️

Asset manager Franklin Templeton’s recently filed S-1 registration statement for a Franklin Solana ETF reportedly includes language proposing staking of the assets held by the fund. The filing also states the shares would be listed on the Cboe BZX Exchange, and the custodian will be Coinbase Custody Trust Company, LLC.

The filing reads,

In consideration for any staking activity in which the Fund may engage, the Fund would receive certain staking rewards of Solana tokens, which may be treated as income to the Fund.

5️⃣ NFT Marketplace OpenSea Says the SEC Is Ending Its Investigation ☄️
#nft #BybitSecurityBreach
According to a Bloomberg report, the United States Securities and Exchange Commission (SEC) has concluded its investigation into the OpenSea NFT marketplace. Notably, the move comes shortly after the SEC decided to dismiss its case against Coinbase. The fact that both announcements were made in quick succession suggests the SEC may pull back from a number of its ongoing crypto-related investigations and lawsuits.

The SEC’s lawsuit against Ripple has officially ended, marking a major victory for the crypto industry.
Crypto analyst and influencer WendyO noted the significance of the decision, stating, “The SEC versus Ripple case is essentially over.”
Ripple CEO Brad Garlinghouse confirmed the news, posting on X, “The SEC is set to drop the appeal against Ripple and the case has ended. It is over.”XRP surged 12% on the news, trading at around $2.50. However, Ripple’s Chief Legal Officer Stuart Alderoty suggested there may be more legal moves ahead. “With the SEC dropping its appeal, Ripple is now in the driver’s seat and will evaluate how best to pursue our cross-appeal,” he said. “Regardless, today is a day to celebrate this victory.”
WendyO noted the long-term impact of Judge Analisa Torres’ ruling that XRP is not a security in secondary markets. “Judge Torres ruled that XRP is not a security on the secondary market. That ruling still stands, and that’s a win for retail investors,” she said.Meanwhile, Bitcoin is seeing strong institutional inflows. “According to The Block, U.S. spot Bitcoin ETFs saw 209 million in net daily inflows,” WendyO reported. “That means money is going into the market, marking the third consecutive day of positive flows.”
However, Ethereum is struggling. “Unfortunately, Ethereum ETFs saw their 10th straight day of outflows. That means people are selling,” she noted.
Ethereum price forecasts have also been slashed. “Charter Bank changed their Ethereum price target from $10,000 at the end of 2025 to $4,000,” she pointed out. As of March 19, ETH was trading at $2,000.Meanwhile, Bitcoin is seeing strong institutional inflows. “According to The Block, U.S. spot Bitcoin ETFs saw 209 million in net daily inflows,” WendyO reported. “That means money is going into the market, marking the third consecutive day of positive flows.”
However, Ethereum is struggling. “Unfortunately, Ethereum ETFs saw their 10th straight day of outflows. That means people are selling,” she noted.
Ethereum price forecasts have also been slashed. “Charter Bank changed their Ethereum price target from $10,000 at the end of 2025 to $4,000,” she pointed out. As of March 19, ETH was trading at $2,000.WendyO also discussed stablecoin dominance, highlighting that USDC and USDT drove $850 billion in transaction volume in February. “This concentration reflects the market’s preference for established stablecoins,” she said.
DeFi is seeing renewed institutional interest, but with a regulatory twist. “83% of institutional investors plan to increase their exposure in crypto this year,” WendyO reported, citing Coinbase data. However, she noted that 52% of investors still see volatility as a concern.
Coinbase is also shaking up DeFi with KYC requirements. “Coinbase introduces KYC-verified liquidity pools for DeFi swaps and trades,” WendyO said. “This will be built on Base and Uniswap v4, but only in select regions like the U.S. and Singapore.”$XRP
#RippleVictory #CoinbaseExchange.