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Coinbase Reports $1.4 Billion in Second-Quarter Revenue

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Coinbase reported $1.4 billion in total revenue in Q2 2024, marking a period of continued growth and progress in the cryptocurrency industry. The company’s earnings report said it also made progress toward regulatory clarity in the U.S., a key development for the broader crypto economy.Coinbase Reports Q2 2024 Earnings and Letter to Shareholders; Profits DipCoinbase’s…

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Coinbase Data Indicates Institutional Investors Are Buying Bitcoin Again

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Bitcoin price remains above $70,000 despite the long holiday weekend. The cryptocurrency market saw mostly moderate activity amid some economic events, including the release of US PCE inflation, which was slightly intense. The total crypto market volume in the last 24 hours has fallen by more than 15%. However, the difference in Coinbase’s premium indicates…

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Coinbase Sees Largest USDC Inflow Ever, What This Could Mean for Bitcoin

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On-chain data shows that Coinbase has just witnessed its largest inflow of US Dollar coins (USDC). Here’s why this might be relevant to Bitcoin. Coinbase Just Received $1.4 Billion in USDC As noted by analyst Maartunn in a post on X, a large amount of USDC has flowed into Coinbase over the past day. The…

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MicroStrategy will raise $600 million to buy more Bitcoin

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MicroStrategy Incorporated (Nasdaq: MSTR) announced plans to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering to qualified institutional buyers. The offer is subject to market conditions and other factors, with the potential to increase by an additional US$90 million. These senior unsecured obligations of MicroStrategy will bear…

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Bitcoin Coinbase Premium Soars: What It Says About $45,000 Breakout

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Data shows that the Bitcoin premium on Coinbase has soared amid the recent rally. Here’s what that says about the source of the increase. Bitcoin Coinbase Premium Spread Turned Extremely Positive As Maartunn, community manager of CryptoQuant Netherlands, points out in a new post The “Coinbase Premium Gap” is an indicator that tracks the difference…

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Coinbase’s Ethereum Layer-2 Solution

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The total value of the currency’s Ethereum solution, the total value of the solution, reaches the new historical maximum, reaches $ 742,000,000The total blocked value (TVL) at the base, the solution of the Ethereum Coinbase (ETH) scale has reached a new historical maximum, reaching nearly $ 750 million. The new data from the blockchain tracker…

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Coinbase and Big Crypto Firms Increase US Political Donations

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As regulatory scrutiny of the cryptocurrency market intensifies in Washington, cryptocurrency companies are significantly increasing their contributions to US politicians. Key players such as Nasdaq-listed exchange Coinbase, stablecoin operator Circle and a16z, the cryptocurrency investment arm of venture capital firm Andreessen Horowitz, are allocating more funds to support the election of pro-crypto lawmakers and influence…

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Coinbase Stock Hits 18-Month High After Binance Allegations

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The price rally comes after rival exchange Binance pleaded guilty and traders apparently priced Coinbase’s custody arrangements for a series of spot crypto ETFs. Shares of cryptocurrency exchange Coinbase (COIN) hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and violations of US sanctions. On…

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Cryptocurrency exchanges witness first surge in trading volume in three months

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In June, spot trading volume on centralized crypto exchanges rose more than 16% to $575 billion. This increase represents the first increase in three months, according to a review by CCData. This increase in trading activity on the spot markets is related to increased activity by regulatory institutions and bodies. The report said: However, this…