On December 13th, Insider Tracker data showed that Coinbase co-founder Fred Ehrsam sold 97,836 shares of COIN stock on December 11th, worth more than $13 million. In addition, other insiders at Coinbase have sold a large amount of COIN stock in the past three weeks.<br>

Coinbase CEO Brian Armstrong has stated that the Coinbase wallet now has a simple mode focused on payments. For example, it can support sending USDC for free and instantly on Base globally. We will try to make it the default mode for emerging markets to make it easier for users to use. People can switch to advanced mode at any time.

On December 11th, Italian cryptocurrency wallet company Conio announced a partnership with Coinbase (COIN) aimed at introducing more diverse digital assets to Italian banks and financial institutions. It is reported that Conio has more than 400,000 customers and is providing liquidity to institutions offering digital asset services through its partnership with Coinbase Prime, with plans to expand wallet support for up to 50 tokens by the end of 2023.<br>As confidence in crypto assets grows among European banks and financial institutions, Conio is actively expanding its custody capabilities to meet the growing demand for digital assets from Italian banks. Orlando Merone, CEO of Conio, said the company is adding support for EVM (Ethereum Virtual Machine) chains with the goal of covering nearly 60% of the digital asset market by next year.<br>Conio is also actively involved in institutional-level applications for Italian digital assets, especially the Euro token project regulated by the Italian Banking Innovation Center. Merone mentioned that Italian banks are closely monitoring multiple projects in the market and may have a significant impact on the tokenization of electronic currencies. This marks Italy's active progress in the field of digital assets.

Coinbase, a top US-based cryptocurrency exchange, has announced the launch of instant global transfers of the stablecoin USDC through social media apps. According to Coinbase, users of its crypto wallet can now send money across the world without the complexities of bank transfers. The money can be sent instantly anywhere in the world using popular social media platforms such as WhatsApp, Telegram, Facebook, iMessage, TikTok, Instagram, or even just an email. Coinbase Wallet is available in 130 countries, making remittances easier, and there are no fees associated with sending the USDC.

Coinbase announced on X platform that it has disabled trading of Polymath (POLY). Users can still access their funds and will continue to be able to withdraw them at any time. Coinbase announced on November 21 that it would suspend trading of Polymath (POLY).

Coinbase Wallet has launched a new feature that allows users to send money on any platform that can share links, including messaging apps like WhatsApp, iMessage, Telegram, as well as popular social media apps and email. Users do not need to deal with complex routing numbers, bank accounts, wire transfers, bank fees, and waiting up to 5 business days to receive funds. They simply need to use the link in the Coinbase Wallet to send via messaging and social media, free and instantly settled. It is reported that Coinbase Wallet supports 20 languages and over 170 countries/regions.

Market data shows that US stock digital currency concept stocks are rising, with Robinhood (HOOD.O) up more than 8% during trading, Coinbase (COIN.O) up more than 3%, and MicroStrategy (MSTR.O) up nearly 3%.

The anticipated Bitcoin halving and potential ETF approvals have lit “some serious fire in the cauldron" for crypto, said Zerocap investment chief Jon de Wet.

Coinbase released a blog post stating that stablecoins are part of the future of currency, and they have already arrived. The biggest opposition to using cash in the current financial system for Americans is that obtaining and transferring funds requires too many fees. Stablecoins provide consumers with all the benefits of cash, but without the drawbacks, including being cheaper and faster in circulation. They are an important part of the future of currency and are already helping to update the system. As the importance of stablecoins increases, so does the urgency to regulate them.

Scopescan monitoring shows that one hour ago, Cumberland withdrew 5,000 ETH (about $11.07 million) from Coinbase. Currently, Cumberland holds 16,130 ETH (about $35.72 million).