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Base’ has outpaced established networks like Solana proving its growing prominence in the DeFi landscape. Base’s remarkable rise is driven by projects like Aerodrome Finance and Friend.tech. Base has also enjoyed an impressive increase in transaction volume. Coinbase ’s layer 2 network, Base, has witnessed an astounding surge in its Total Value Locked (TVL), hitting approximately $397.32 million within just a month and a half since its August launch. This meteoric rise has propelled Base ahead of Solana, whose TVL currently stands at $358.96 million. In the past 30 days alone, Base’s TVL surged by a staggering 97.21%, as evident on DeFiLlama, while Solana experienced a 9.64% decrease in TVL during the same period. Interestingly, the surge comes even after Base suffered an outage at the beginning of September. Screenshot from DefiLlama Blockchain projects launched on Base Within Base’s TVL, two native projects have played a piv...

Shares of cryptocurrency exchange Coinbase saw a dramatic late-day rally on Monday, closing up over 15% following positive news for the crypto industry. Coinbase stock hit $85.13 at market close, a jump of nearly 13% from its opening price. The surge came after reports emerged that crypto asset manager Grayscale won a legal dispute with the Securities and Exchange Commission (SEC) over a proposed bitcoin exchange-traded fund (ETF). According to the latest data, Coinbase stock has plunged by 1.1% and stands at $83.71 at press time. Also read: Crypto Asset Manager Grayscale Wins Lawsuit Against the SEC Grayscale CEO optimistic about Bitcoin ETF approval On Monday, a federal judge ruled the SEC must re-evaluate its previous rejection of Grayscale’s application to convert its Bitcoin Trust into a spot Bitcoin ETF. The court decision was seen as a watershed moment in the yearslong battle for regulatory approval of crypto ETFs. In an interview after the ruling, G...

Also Read: Rug Pull Alert: List Of Altcoins Celsius Network Will Sell On July 1st advertisement Coinbase Not Holding Back Against US SEC Paul Grewal, Coinbase ’s Chief Legal Officer announced that they filed a reply to US SEC’s response in the U.S. Court of Appeals for the Third Circuit filings. He stated that the exchange couldn’t wait for the next deadline as they find it unusual for the government to flout a direct query from a federal court. The commission in its reply to Coinbase ’s rulemaking petition mentioned that it hasn’t decided what action to take on. However, It asked for another 120 days to file a reply to it. The US SEC has been alleged of filing enforcement actions against the crypto linked business in the absence of clear regulations around it. Coinbase Legal Chief stated that the court should grant mandamus to them now as the US SEC has decided not to permit the crypto exchange’s petitions ...

Binance & Coinbase Experience Negative Outflows Within the past 24 hours, Binance ’s US arm experienced a net outflow of approximately $123 million across multiple chains, excluding Bitcoin. Notably, assets like MATIC accounted for around $41.6 million, with an additional $19.4 million withdrawn. Meanwhile, Binance Global encountered a net outflow of around $368 million. In a parallel trend, Coinbase faced a net outflow of approximately $105 million. advertisement Read More: Kim Kardashian Gets No Relief From Court In Crypto Scam Lawsuit As news of the lawsuit gained widespread attention on Tuesday, Binance customers swiftly withdrew approximately $3 billion in assets, while only $1.57 billion was deposited, resulting in a staggering negative net outflow of $1.43 billion. Similarly, the California-based Coinbase experienced users withdrawing approximately $2.64 billion, with only $1.46 billion in deposits, leading to a negative net outflow of $1.18 bi...

2022 was quite a rough year for the crypto market and the macro-economy as a whole. Investors were burdened by inflation and the back-to-back interest rate hikes. With caution being exercised by a majority of participants in the midst of uncertainty, trading and investing volumes hovered around lows. Most stocks like Coinbase struggled to improve their valuation. However, MicroStrategy remained an exception. On the yearly front, MSTR is up by 36.4%, while COIN is down by 10.6%. Owing to the macro bear run, both the stocks are significantly down when compared to the levels where they were trading in mid-April 2021. Coinbase is down by more than 86%. MicroStrategy has, however, been able to limit its losses to 68%. Coinbase stock, MicroStrategy stock by TradingView Also Read: SEC Sends Coinbase Wells Notice, Warns of Potential Securities Charges At the moment, there’s a lot of legal drama involving Coinbase. Last month, the exchange sued the SEC, seeking regulatory clari...

Also Read: Ripple Exec Opts For EU’s Progressive Crypto Laws As XRP Case Verdict Closes In advertisement Coinbase Still Seeks Clear Crypto Rules European Parliament on Thursday approved the first of a kind set of crypto oriented regulations. As many as 517 European lawmakers voted in the favor of the MiCA, while 38 decided to vote against it. Amid this major development in the crypto industry, Coinbase CEO in a Tweet mentioned meeting with Congress members in Washington DC. He asserted that they need regulatory clarity in the United Nations for the reasons like consumer protection, national security, and more. Read More Crypto News Here… Brian Armstrong stated that the SEC has caused untold harm to America with its policy of regulation by enforcement. We will fight to fix that. Trending Stories PEPE Price Prediction: This Chart Pattern may Determine if PEPE Token Price will Rally 70% or Fall 40% 24/7 Cr...

Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention. Regulators in the United States have choked out the cryptocurrency sector to the point of death according to Bitcoin (BTC) bull and billionaire tech investor Chamath Palihapitiya. “Crypto is dead in America,” he boldly claimed in an April 22 episode of the All-In podcast. Palihapitiya’s comment came in response to the news that cryptocurrency exchange Coinbase is now considering a move offshore. He pointed the finger at Gary Gensler, the Chair of the U.S. Securities Exchange Commission (SEC): “Crypto is dead in America. I mean now you have Gensler even blaming the banking crisis on crypto — so the United States authorities have firmly pointed their guns at crypto.” While Palihapitiya said that the U.S. likely views crypto as a threat to its “establishment,” the tech investor did however attribute some fault to the sector: “In fairness to the ...

Members of the XRP Army have been in their efforts to get Coinbase list back Ripple’s native cryptocurrency. At press time on Friday, # relist XRP was trending on Twitter . Source: Twitter People from the space have outrightly started asking the exchange’s CEO Brian Armstrong to do so. A particular user recently tweeted that Armstrong “let down” the XRP community big time and then questioned the executive when the asset will be listed back. You've let the #XRPCommunity down bigtime Brian. When, if ever, are you going to relist XRP? https://t.co/aJ3baJhsMF — Kaleb Forrest.XRP (@Kaleb4rest) February 10, 2023 Also Read – Ripple: Is The ‘Relist XRP’ Campaign Regaining Steam? Recently, Armstrong affirmed to the community that the company will “keep fighting” for economic freedom. He also assured to protect customers from government overreach. A particular user asked the executive if that was a joke and further ques...