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Project Overview
Coinbase (NASDAQ: COIN) is one of the world's largest cryptocurrency exchanges, enabling individuals and institutions to easily participate in the cryptocurrency economy, including trading, staking, custody, spending, and fast, free global transfers, while also providing critical infrastructure for on-chain activities. Coinbase's mission is to increase economic freedom in the world.
Jeeves Completes $110 Million Equity Financing to Accelerate Expansion of Stablecoin Banking Services
Jeeves has announced the completion of a $110 million equity financing round. The round was led by CoinFund, with participation from Andreessen Horowitz (a16z), Coinbase Ventures, AllianceBernstein, the Singapore Government Investment Corporation (GIC), and Y Combinator.
Jeeves Inc. Completes $110 Million Series C Funding, Led by CoinFund
Odaily News: Jeeves Inc. has announced the completion of a $110 million Series C funding round, led by CoinFund, with participation from AllianceBernstein, Coinbase Ventures, and Andreessen Horowitz (a16z), among others. The company is a fintech firm and plans to use the funds to launch a stablecoin wallet and AI agents, as well as to provide instant payment services in more countries.
Raven Completes Strategic Funding at $90M Pre-Money Valuation, with Coinbase Ventures and CMCC Global Participating
Odaily News: Trading firm Raven has announced the completion of a strategic funding round at a $90 million pre-money valuation, with Coinbase Ventures and CMCC Global participating. Founded in 2023, Raven initially provided liquidity for crypto trading and expanded into prediction markets in the second quarter of 2025.
Aave Founder: Solar Energy, GPUs, Robots and Other Assets Will Be Added to Lending Landscape in the Future
Odaily reports: Aave founder and CEO Stani posted on X platform that his way of measuring Aave's potential market size is "addressable collateral" — the broader the range of assets that can serve as collateral, the greater the lending market space becomes.Stani stated that Aave initially started with crypto assets, then expanded into securities through Coinbase Tokenized Stocks and Horizon RWA, and in the future will also cover assets such as solar energy, batteries, GPUs, robots, and space infrastructure. He expressed his belief that this transformation will continue through 2050, and that Aave's goal is to accelerate this process by approximately 10 years by providing financing for the assets that will drive the "Age of Abundance."
OG.com Files with CFTC to Launch Single-Stock Perpetual Futures
Odaily reports: Prediction market and derivatives platform OG.com Markets has submitted a rule filing to the U.S. Commodity Futures Trading Commission (CFTC) seeking to launch cash-settled perpetual futures on individual stocks with no expiration date, tradable 5 days a week, 24 hours a day.OG.com recently spun off from cryptocurrency exchange Crypto.com to become an independent platform valued at $5 billion. Coinbase, Payward's Bitnomial exchange, and Kalshi have also applied to offer U.S. single-stock perpetual futures. (Cointelegraph)
AI agent startup Ema completes $77 million Series B funding, led by Creaegis
Odaily News: AI agent startup Ema has completed a $77 million Series B funding round led by Creaegis, with existing investors Accel, Section 32, and Prosus also participating. To date, the company's total funding has reached $140 million, with its valuation more than tripling compared to its previous funding round in 2024. Ema was founded in 2023 by former Google and Coinbase executive Surojit Chatterjee and former Okta executive Souvik Sen. The company deploys technology called "AI employees," which are systems capable of coordinating multiple AI agents to help enterprises execute multi-step business processes within existing applications, rather than handling only a single task at a time. It is reported that most of the new funding will be used to expand market operations, as the company previously focused primarily on product development. (TechCrunch)
Bitwise Says CLARITY Act Stalling Benefits Four Types of Crypto Businesses
Odaily News: Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate declined to advance the CLARITY Act on September 15, stablecoin platforms retain room to offer balance rewards to customers, and exchanges such as Coinbase also continue to maintain existing state-level licenses and advantages in integrating trading and brokerage operations.The U.S. Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading on September 17, allowing qualifying platforms to adopt permissioned automated market makers and liquidity pools for testing. Hougan listed Securitize, which provides services for BlackRock, Apollo, and KKR tokenized funds, as a beneficiary.SEC staff updated token buyback guidance on September 28, stating that for networks that are already functional and have no centralized party, buyback announcements do not constitute a promise on which purchasers rely for expected profits; the guidance does not have legal effect. (Bitcoin.com News)
U.S. Judge Issues Preliminary Injunction to Temporarily Block Illinois from Classifying Kalshi Sports Contracts as Gambling
According to Ariel Givner, Judge Pacold of the U.S. District Court for the Northern District of Illinois issued a ruling supporting a partial preliminary injunction in a lawsuit involving Coinbase, Kalshi, and the U.S. federal government/U.S. Commodity Futures Trading Commission (CFTC) against Illinois Attorney General Kwame Raoul, thwarting Illinois' attempt to classify sports event contracts on the prediction market platform Kalshi under the state's gambling regulations in its initial legal push.
Coinbase-affiliated organization releases midterm election support list
Coinbase affiliate Stand With Crypto announced its list of supported candidates for the Senate and House in the 2026 U.S. midterm elections. Analysis indicates that if Democrats regain control of Congress in 2027, it could reshape the legislative process for crypto bills such as the CLARITY Act.
After the CLARITY Act's Senate vote setback, Stand With Crypto unveils its first batch of Senate candidate endorsements
Odaily News: Coinbase-backed crypto advocacy group Stand With Crypto (SWC) has announced its first batch of Senate candidate endorsements, including Ohio Republican Senator Jon Husted, as well as Iowa candidate Ashley Hinson and New Hampshire candidate Chris Pappas.Previously, the U.S. Senate failed to advance the CLARITY Act in a procedural vote on September 15. SWC Executive Director Mason Lynaugh stated that following this vote, the organization will shift more of its focus toward elections. SWC also announced expanded support and advertising spending for certain House candidates. The organization had previously said it would factor senators' performance on key CLARITY Act votes into candidate records. (The Block)
Former bank teller charged with federal fraud after using customer information to transfer $930,000 to crypto accounts
According to CBS Atlanta, Mercedes Henry, a 35-year-old woman from Stone Mountain, Georgia, who formerly worked as a bank teller at Ameris Bank, is charged with, between September and November 2021, without authorization, linking six customers' bank accounts to the cryptocurrency trading platform Coinbase and, in collusion with others, transferring approximately $931,000 into a Coinbase account controlled by her. A federal grand jury has brought multiple charges against her, including bank fraud, access device fraud, and bribery. Henry was arrested on September 25 and appeared in court, and the case continues to be actively investigated by the FBI.
$900,000 Bitcoin Theft Case: US Seeks Forfeiture of 110,300 USDT
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
Withdrawal of $68.26 Million in ENA, Suspected Ethena Team-Related Wallet Moves Funds Out of Centralized Exchanges
Odaily News: A wallet suspected to be associated with the Ethena team has withdrawn a cumulative $68.26 million worth of ENA from centralized exchanges. Approximately 2 hours ago, it withdrew $13.1 million worth of ENA from Bybit and $55.16 million worth of ENA from Coinbase. The Ethena project team posted a series of transaction hashes on X 8 hours ago, though the specific details have not yet been disclosed.
Profit of $1.36 Million: PUMP Institutional Private Sale Address Sells 1 Billion PUMP
Odaily News: According to on-chain analyst Yu Jin's monitoring, the PUMP institutional private sale address (E3M...9Cs) participated in the PUMP private sale in July last year with $4 million, receiving 1 billion PUMP at a private sale price of $0.004. Five hours ago, this address transferred all PUMP to Coinbase Prime, worth $5.36 million at the time, with a price of $0.0054; by selling the private sale PUMP, it profited $1.36 million, a return rate of 34%.
8 million ZRO transferred to Coinbase Prime; two addresses received 40.57 million ZRO a year ago
Odaily News: According to on-chain analyst Yu Jin's monitoring, two addresses received 40.57 million ZRO, worth $73.02 million, from the LayerZero strategic partner multisig wallet a year ago. Six hours ago, these two addresses transferred 8 million ZRO, worth $14.98 million, to Coinbase Prime.
After holding ETH for about a year, a whale appears to have cut losses, expected to lose $2.443 million and deposited 6,595.2 ETH to Coinbase
According to on-chain analyst Ai Yi, a whale deposited 6,595.2 ETH to Coinbase 3 hours ago, worth approximately $17.57 million. Of this, 6,500 ETH was withdrawn from exchanges between June and August 2025 at an average price of $3,040.4, with unrealized losses once exceeding $9.557 million during that period. After holding ETH for about a year, the whale appears to have cut losses and exited, with an estimated loss of $2.443 million and a 12.3% decline in assets.
Former bank teller charged with federal fraud after using customer information to transfer $930,000 to crypto accounts
According to CBS Atlanta, Mercedes Henry, a 35-year-old woman from Stone Mountain, Georgia, who formerly worked as a bank teller at Ameris Bank, is charged with, between September and November 2021, without authorization, linking six customers' bank accounts to the cryptocurrency trading platform Coinbase and, in collusion with others, transferring approximately $931,000 into a Coinbase account controlled by her. A federal grand jury has brought multiple charges against her, including bank fraud, access device fraud, and bribery. Henry was arrested on September 25 and appeared in court, and the case continues to be actively investigated by the FBI.
$900,000 Bitcoin Theft Case: US Seeks Forfeiture of 110,300 USDT
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
$900,000 Bitcoin Theft Case: US Seeks Forfeiture of 110,300 USDT
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
BlockTower founder accuses Coinbase of concealing over $1 billion hack
Ari Paul, founder and chief investment officer of digital asset investment firm BlockTower Capital, stated on social media that Coinbase caused his firm to lose $25 million several years ago. Paul accused Coinbase of concealing large-scale, repeated security breaches and refusing to return the related funds.
布鲁克林男子因加密货币诈骗近 1600 万美元被判最高 12 年监禁
据布鲁克林地区检察官 Eric Gonzalez 宣布，布鲁克林男子 Ronald Spektor（23 岁）因实施大规模 Coinbase 网络钓鱼诈骗，于 2026年 9月 23 日被布鲁克林最高法院判处 4至 12 年有期徒刑。 Spektor 冒充 Coinbase 客服代表，以"账户遭黑客攻击"为由，诱骗全美约 100 名用户将加密资产转入其控制的钱包，累计盗窃金额约 1594.4 万美元。被盗资产随后经多个加密交易所反复兑换洗钱，最终流向赌博平台、礼品卡及数字资产购买渠道。 Spektor 在 Telegram 频道"Blockchain enemies"中以 @lolimfeelingevil 为昵称公开炫耀犯罪所得，并招募他人协助实施社会工程攻击。调查人员通过区块链分析、数字取证及多项搜查令，将其家庭 IP 地址与多个被盗钱包关联，最终锁定其身份。 Spektor 已就全部 31 项指控认罪，包括一级洗钱罪、一级重大盗窃罪等，并被命令没收逾 50 万美元资产，同时赔偿受害者近 1600 万美元。
UK NCA warns criminals are "innovatively" using crypto assets to launder money
According to Decrypt, the UK National Economic Crime Centre (NECC) stated in its annual report that criminals are "innovatively" leveraging crypto asset products to evade detection and transfer illicit funds at scale, while also highlighting AI alongside cryptocurrencies as an emerging threat method. Crypto assets have been ranked third among the nine priority economic crime areas jointly designated by NECC, the FCA, and the Treasury. NECC stated it will build more proactive, intelligence-driven crypto capabilities to actively identify targets for enforcement action. Previously, the NCA, in collaboration with the US Secret Service, Coinbase, Binance, Kraken, and Tether, conducted "Operation Atlantic," which identified 20,000 phishing attack victims and resulted in the freezing of $12 million in assets this March.
Core DAO Plans Emergency Hard Fork as Validators Receive Excess CORE Rewards
Odaily News: Blockchain project Core DAO has announced a coordinated emergency hard fork, caused by validators receiving CORE rewards exceeding the blockchain's originally scheduled issuance. Core DAO stated that the incident is under control, malicious validators can no longer continue to obtain excess rewards, and the upgrade will not roll back the network or revoke confirmed transactions.Core DAO previously stated that a small number of validators had accumulated rewards significantly higher than the protocol's set issuance, and that the incident only involved reward distribution, with user assets remaining secure. Coinbase, Bithumb, Coinone, Bitget, and LBank had restricted CORE deposits, withdrawals, or transfers.Core DAO has not yet disclosed the amount of excess CORE issued, the duration of the related activity, whether the extra tokens entered circulation, or the cause of the vulnerability, and stated that it will publish a technical post-mortem report. (Cointelegraph)
The Sandbox cross-chain bridge exploited to mint 14.9 billion unbacked SAND, Coinbase to delist SAND futures
Odaily News: Metaverse gaming platform The Sandbox has confirmed a vulnerability in its cross-chain bridge, allowing attackers to mint unbacked SAND on Base and BNB Smart Chain. Blockchain security firm PeckShield detected on August 21 that two addresses had collectively minted approximately 14.9 billion SAND. The Sandbox subsequently shut down bridging functionality on both networks.The Sandbox stated that the affected assets are bridged assets on Base and BNB Smart Chain, while SAND on Ethereum and Polygon, user wallet assets, and the Ethereum-locked assets backing the token remain unaffected. The proportion of genuinely collateralized assets involved in this incident is less than 0.01% of the total SAND supply.The Sandbox is developing a compensation plan for affected liquidity providers and advises users not to trade SAND on Base or BNB Smart Chain until bridging is restored. Coinbase plans to delist 10 perpetual futures contracts, including SAND, on August 26, with open positions to be automatically settled at that time. (Bitcoin.com News)
Withdrawal of $68.26 Million in ENA, Suspected Ethena Team-Related Wallet Moves Funds Out of Centralized Exchanges
Odaily News: A wallet suspected to be associated with the Ethena team has withdrawn a cumulative $68.26 million worth of ENA from centralized exchanges. Approximately 2 hours ago, it withdrew $13.1 million worth of ENA from Bybit and $55.16 million worth of ENA from Coinbase. The Ethena project team posted a series of transaction hashes on X 8 hours ago, though the specific details have not yet been disclosed.
Bitwise Says CLARITY Act Stalling Benefits Four Types of Crypto Businesses
Odaily News: Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate declined to advance the CLARITY Act on September 15, stablecoin platforms retain room to offer balance rewards to customers, and exchanges such as Coinbase also continue to maintain existing state-level licenses and advantages in integrating trading and brokerage operations.The U.S. Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading on September 17, allowing qualifying platforms to adopt permissioned automated market makers and liquidity pools for testing. Hougan listed Securitize, which provides services for BlackRock, Apollo, and KKR tokenized funds, as a beneficiary.SEC staff updated token buyback guidance on September 28, stating that for networks that are already functional and have no centralized party, buyback announcements do not constitute a promise on which purchasers rely for expected profits; the guidance does not have legal effect. (Bitcoin.com News)
U.S. Judge Issues Preliminary Injunction to Temporarily Block Illinois from Classifying Kalshi Sports Contracts as Gambling
According to Ariel Givner, Judge Pacold of the U.S. District Court for the Northern District of Illinois issued a ruling supporting a partial preliminary injunction in a lawsuit involving Coinbase, Kalshi, and the U.S. federal government/U.S. Commodity Futures Trading Commission (CFTC) against Illinois Attorney General Kwame Raoul, thwarting Illinois' attempt to classify sports event contracts on the prediction market platform Kalshi under the state's gambling regulations in its initial legal push.
Coinbase-affiliated organization releases midterm election support list
Coinbase affiliate Stand With Crypto announced its list of supported candidates for the Senate and House in the 2026 U.S. midterm elections. Analysis indicates that if Democrats regain control of Congress in 2027, it could reshape the legislative process for crypto bills such as the CLARITY Act.
Open Standard's stablecoin OUSD officially launches, issued by Stripe-owned Bridge
Odaily News: Open Standard has announced the official launch of its USD stablecoin OUSD. Enterprises and developers can now use OUSD to build internet-native financial services and products for banking, cross-border payments, settlement, and institutional trading. OUSD offers 4 integration paths, with related APIs and tools covering settlement, payment orchestration, trading, foreign exchange, wallets, and card services, all supporting free minting and burning at a 1:1 USD rate.Enterprises can currently access it through Mastercard, Stripe, and the Visa Stablecoin Platform, with Coinbase integration opening on October 1. OUSD will natively support Base, Ethereum, Solana, and Tempo, and will first launch on centralized and decentralized trading platforms including Coinbase, Kraken, and Uniswap. OUSD is issued by Stripe-owned Bridge, with reserve assets held at BlackRock, Lead Bank, and BNY Mellon, and proof of reserves will be published monthly.
After the CLARITY Act's Senate vote setback, Stand With Crypto unveils its first batch of Senate candidate endorsements
Odaily News: Coinbase-backed crypto advocacy group Stand With Crypto (SWC) has announced its first batch of Senate candidate endorsements, including Ohio Republican Senator Jon Husted, as well as Iowa candidate Ashley Hinson and New Hampshire candidate Chris Pappas.Previously, the U.S. Senate failed to advance the CLARITY Act in a procedural vote on September 15. SWC Executive Director Mason Lynaugh stated that following this vote, the organization will shift more of its focus toward elections. SWC also announced expanded support and advertising spending for certain House candidates. The organization had previously said it would factor senators' performance on key CLARITY Act votes into candidate records. (The Block)
Related news
Withdrawal of $68.26 Million in ENA, Suspected Ethena Team-Related Wallet Moves Funds Out of Centralized Exchanges
Odaily News: A wallet suspected to be associated with the Ethena team has withdrawn a cumulative $68.26 million worth of ENA from centralized exchanges. Approximately 2 hours ago, it withdrew $13.1 million worth of ENA from Bybit and $55.16 million worth of ENA from Coinbase. The Ethena project team posted a series of transaction hashes on X 8 hours ago, though the specific details have not yet been disclosed.
Approximately $193 million annualized, Hyperliquid receives first $14.58 million USDC reserve revenue
Odaily reports: According to monitoring by Hans, co-founder of Hyperdash, Hyperliquid's AQAv2 mechanism has created a new revenue stream. On October 3, the AQAv2 treasury wallet completed its first payment, paying $14.58 million for the USDC reserves held by the trading platform over the past 30 days. The funds will go into the assistance fund to buy HYPE.Under this mechanism, after users bridge USDC to Hyperliquid, Circle mints the corresponding assets on HyperEVM and bills the treasury balance daily, settling every 30 days. Coinbase and Circle each stake 500,000 HYPE; if payment is not made on time, Coinbase could lose 2% of its staked amount per day.Hans stated that Hyperliquid's revenue previously came mainly from trading fees, and AQAv2 enables the platform to earn revenue from margin deposits, regardless of whether the related funds participate in trading. The first payment covers August 26 to September 24, implying an average fee rate of about 3.14%, with annualized revenue estimated at approximately $193 million at the current scale.From January 1 to September 30 this year, Hyperliquid's open interest increased from $7.72 billion to $16.4 billion, and platform margin increased from $4.34 billion to $7.22 billion; during the same period, perpetual contract cumulative trading volume was about $2 trillion, and the protocol earned $493.3 million in fees, equivalent to charging about 2.46 basis points per dollar of trading volume. Based on this year's average trading pace and the current AQAv2 fee rate, every $1 of margin can contribute about 15.4 cents in annual revenue to the protocol, of which about 12.5 cents comes from trading fees and about 2.8 cents comes from AQAv2. Hans expects that under a baseline scenario where the stablecoin market grows 20% annually and Hyperliquid maintains its current market share of about 8.7%, the protocol's annual revenue could increase from about $1.11 billion currently to $2.4 billion by the end of 2030.
Coinbase is Working with Advisors to Six Global Systemically Important Banks to Increase Bitcoin Exposure
Odaily News: Coinbase's Chief Business Officer stated that the company is working with advisors to six global systemically important banks to increase Bitcoin exposure, viewing this as a way to expand the market and provide individuals with more ways to access Bitcoin. Global systemically important banks are designated by the Financial Stability Board and are large banks that have a significant impact on the global financial system.
Approved for Self-Clearing, Coinbase Obtains CFTC Derivatives Clearing Organization Status
Odaily News: The CFTC has approved Coinbase as a derivatives clearing organization, covering fully collateralized futures, futures options, and swaps. With this approval, Coinbase can self-clear relevant derivatives without third-party involvement; the approval does not certify any specific market, particularly not prediction markets.The futures collaboration announced by Coinbase and Nodal Clear in June 2025, which was intended to launch USDC-collateralized futures, is expected to materialize. The CFTC did not disclose the underlying asset scope of the relevant derivatives or the categories of swaps eligible for clearing.
Bitwise Says CLARITY Act Stalling Benefits Four Types of Crypto Businesses
Odaily News: Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate declined to advance the CLARITY Act on September 15, stablecoin platforms retain room to offer balance rewards to customers, and exchanges such as Coinbase also continue to maintain existing state-level licenses and advantages in integrating trading and brokerage operations.The U.S. Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading on September 17, allowing qualifying platforms to adopt permissioned automated market makers and liquidity pools for testing. Hougan listed Securitize, which provides services for BlackRock, Apollo, and KKR tokenized funds, as a beneficiary.SEC staff updated token buyback guidance on September 28, stating that for networks that are already functional and have no centralized party, buyback announcements do not constitute a promise on which purchasers rely for expected profits; the guidance does not have legal effect. (Bitcoin.com News)
Coinbase Chief Accounting Officer Jennifer Jones Plans to Step Down and Retire
According to SEC filings, Coinbase Chief Accounting Officer Jennifer Jones notified the company on September 29 of her decision to retire. She will continue in her role until a successor assumes the position, and the company has initiated a search for her replacement.