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Coinbase International plans to provide custody services for ZKsync (ZK)

Coinbase International announced that Coinbase Prime plans to provide custody services for ZKsync (ZK), and asset availability depends on the custodian entity and client jurisdiction, which does not necessarily mean that Coinbase intends to list ZK or any future listings of ZK.

13,728 ETH transferred from unknown wallet to Coinbase

According to the on-chain data tracking service Whale Alert, at 3:18 pm Beijing time today, 13,728 ETH was transferred from an unknown wallet to Coinbase, worth approximately $48,615,937.

The listing of spot ETFs has caused Coinbase's Bitcoin reserves to decline rapidly since February

CryptoQuant disclosed on X platform that the listing of Bitcoin spot ETF caused the Bitcoin reserves of Coinbase exchange to rapidly decline since February. Data shows that on February 18, 2024, Coinbase's Bitcoin reserves were about 1,044,997 BTC, but now this indicator has decreased to 878,000 BTC, a decrease of about 167,000 BTC.

Coinbase has stopped trading Enjin Coin (ENJ) and Metal DAO (MTL)

Coinbase Assets tweeted that trading of Enjin Coin (ENJ) and Metal DAO (MTL) has been suspended. Users can still access and withdraw their funds at any time.

Coinbase CEO: You can now register for the Coinbase platform API via cdp.coinbase

Coinbase CEO Brian Armstrong stated that we have been using this type of API internally at Coinbase for years to build our products. Now anyone can register at cdp.coinbase (still in early testing phase, so please send feedback and expect rapid improvements over time).

Coinbase: Routine maintenance to move trading pairs to maintenance mode

According to official sources, Coinbase Exchange has announced routine maintenance, during which all trading pairs will be temporarily moved to maintenance mode for a short period of time. After maintenance is complete, all orders will be restored to their current trading status (limit or full trading).

Indian citizen pleads guilty to forging Coinbase website for $37 million

The Western District Attorney's Office in North Carolina, USA, announced this week that Indian citizen Chirag Tomar has admitted to "federal charges of stealing more than $37 million by deceiving the Coinbase website", admitting to committing telecommunications fraud, which carries a maximum sentence of 20 years in prison and a $250,000 fine. Chirag Tomar and his accomplices designed a fake Coinbase Pro website to lure users into entering their login credentials and two-factor authentication codes. He was arrested at Atlanta Airport on December 20th last year and is still being held in federal custody.

Coinbase: The outage was caused by an error related to the Coinbase Card rewards service

Cryptocurrency exchange Coinbase has stated that this interruption was caused by an error related to the Coinbase Card rewards service. Due to this error, some Coinbase Card users found that incorrect credit limits were displayed in their accounts.

Coinbase analyst: The probability of the SEC approving a spot Ethereum ETF by the end of this month is between 30% and 40%

According to a report from Golden Finance, David Han, an analyst at Coinbase's institutional research and analysis team, stated on May 15th that the main factor leading to SEC's approval of a Bitcoin ETF is the correlation between CME futures products and spot exchange rates, which may also lead to approval of an Ethereum ETF. The possibility of SEC approving a spot Ethereum ETF by the end of this month is between 30% and 40%.

Coinbase CEO: Focus on using encryption to promote the renewal of the global financial system

Coinbase CEO Brian Armstrong stated during the Q1 2024 earnings call that "we only want to focus on how to make the cryptocurrency industry more applicable to the global financial system, making it faster, cheaper, and more global. We also try not to announce anything in advance during these conference calls. We don't want to announce the steam engine, let's really go and build."