Ark Invest Sells Off $69M Coinbase (COIN) Shares
On Monday, March 11, Cathie Wood’s ARK Invest sold off more than 270,000 shares of Coinbase (COIN) at the closing price of $256.62 per share, representing a significant $69.5 million. ARK Invest adheres to a strategic objective of preserving portfolio equilibrium among its exchange-traded funds (ETFs), wherein no single holding surpasses a 10% weighting of […]
Coinbase Challenges Sec’s Judgment on Secondary Crypto Sales
Coinbase’s lawyers have asked a U.S. court to revoke a previous judgment by the SEC that labeled secondary crypto sales as security transactions. The exchange cited a case study to support its request. Coinbase, the largest crypto exchange in the U.S., is still locked in a legal battle with the Securities and Exchange Commission (SEC), […]
Pro-XRP Lawyer Faults Elizabeth Warren on SEC Overreach
Pro-XRP lawyer Bill Morgan recently criticized Elizabeth Warren in a post on X, which highlighted Coinbase CLO’s SEC takedown. Today, March 1, pro-XRP lawyer Bill Morgan criticized Democratic Party member Elizabeth Warren in a social media post shared on X regarding her favorable opinion of the U.S. SEC’s overreach in crypto assets. However, while the […]
Coinbase Defends Ethereum as a Commodity in Response to SEC
Coinbase has submitted a letter to the SEC, arguing that Ethereum is not a security but a commodity. The crypto exchange cited Ethereum’s consensus mechanism, governance, and market treatment as evidence. The letter is part of Coinbase’s ongoing dispute with the SEC over crypto regulation. The exchange has responded to the matter in question. On […]
Coinbase Bags $500K Liquid Death Ad in USDC
Coinbase has made a bold move in the advertising space, winning the bid for the “Biggest Ad Ever” on Liquid Death cases. The crypto exchange paid $500,000 in USDC, saving $12,000 in fees and demonstrating the efficiency of cryptocurrency transactions. Coinbase has clinched a major advertising deal, emerging as the winning bidder for what is […]