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.

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 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."

Coinbase International announced on X platform that, according to information disclosed during the Coinbase Q1 financial report conference call, the nominal contract trading volume of Coinbase International's perpetual futures in the quarter exceeded 76 billion US dollars. In addition, the trading volume on April 30th exceeded 30 billion US dollars.

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.