Shiba Inu Prices Briefly Dropped 50% on Coinbase
The tokens have logged over $1.7 billion in volumes on the regulated exchange in the past 24 hours, the most among counterparts.
The tokens have logged over $1.7 billion in volumes on the regulated exchange in the past 24 hours, the most among counterparts.
The smart wallet will be an addition to Coinbase Wallet SDK, and the embedded wallets feature will be powered by “wallet as a service.”
Coinbase premiums for ether (ETH) tokens were higher than usual in the past week, suggesting demand was led by U.S. investors, CryptoQuant said.
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the deri spot bitcoin exchange-traded funds (ETFs).
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
COIN was one of the best-performing stocks in 2023, but has dropped by almost a third since the start of 2024.
Analyst Own Lau noted higher trading volume, the recent approval of the spot bitcoin ETFs, and a potential win in the company’s lawsuit against the SEC as the main drivers for the upgrade.
The federal judge must now weigh what a Coinbase lawyer characterized as “a pure question of law,” and her answer could have big consequences on the crypto sector.
A federal U.S. judge will hear arguments about whether or not to toss the case based on meşru arguments that the regulator was in the wrong when it sued the exchange.
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.