As monitored by The Data Nerd, 2 new wallets withdrew 7.85 million ARB (approximately $8.91 million) from Coinbase 12 hours ago.

Kathryn Haun, a member of Coinbase's board of directors, announced on social media that she will leave Coinbase's board of directors at the end of her third term this year. Coinbase CEO Brian Armstrong said she is the longest-serving independent director at Coinbase, with a tenure of over 7 years. Haun stated that the cryptocurrency industry is in a significant expansion phase and Coinbase is ready for vigorous growth. HaunVentures is also undergoing similar expansion and she feels it is time to double down on supporting its growing founder cohort and establish a lasting venture capital fund.

According to data monitored by Arkham, Grayscale transferred about 1202 BTC to Coinbase and Coinbase Prime this morning. The data shows that Grayscale transferred about 1050 BTC to Coinbase about 9 hours ago, worth about $66.96 million, and then transferred about 151.416 BTC to Coinbase Prime about 7 hours ago, worth about $9.76 million.

According to a source, Coinbase has filed a middle appeal, claiming sufficient reasons for disagreement. Last month, Coinbase filed a motion to appeal the judge's ruling, allowing lawsuits involving the US Securities and Exchange Commission (SEC) and exchanges to continue without being dismissed. In the motion, the exchange will argue whether the SEC has the authority to review digital asset transactions as investment contracts, even if there is no contract between the issuer and the investor.

Coinbase's Chief Legal Officer, paulgrewal.eth, posted on X platform that the exchange had received a letter from FinCEN congratulating Coinbase for its significant contribution to one of seven major criminal cases, and as a result, received the FinCEN Director's Law Enforcement Award.

Whale Alert monitoring shows that at 17:27:46 Beijing time today, 7,481 BTC ($497,144,844) was transferred from an unknown wallet to Coinbase Institutional.

KBW, a broker, has increased its price target for Coinbase from $160 to $230 due to the unique exposure the crypto exchange offers to the long-term growth of the crypto economy. The report highlights that Coinbase's trading activity continues to surge, with daily volume for March averaging $5.1 billion. The growth in USDC outstanding balances, elevated crypto asset levels, and retail re-engagement from trough levels in 2023 are seen as significant near-term revenue opportunities for Coinbase. However, the legal battle with the SEC and uncertain regulatory environment make it difficult for institutional investors to own the stock.

According to official sources, Coinbase has launched a command-line interface for testing Coinbase International Exchange API. INTX CLI is a command-line interface that allows developers to test Coinbase INTX REST API without having to write any code. It provides a simple solution to test various operations such as placing orders and retrieving transaction details. This CLI simplifies the development workflow and speeds up integration.

Coinbase Derivatives has postponed the launch of Dogecoin (DOGE) futures contracts from April 1st to April 29th.

On March 23rd, Coinglass data shows that the current balance of Bitcoin wallets on Binance is 542,030.77, ranking first. Additionally, the balance of Bitcoin wallets on Coinbase Pro is 329,062.09, with 14,724.77 coins flowing out in the past 24 hours and 57,406.94 coins flowing out in the past 30 days. The balance of Bitcoin wallets on Gemini is 132,858.92, with 271.59 coins flowing out in the past 24 hours and 16,283.46 coins flowing in the past 30 days.