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Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments

Blockfi Receives 0M USDC Deposit, Sparking Hopes for Creditor RepaymentsOnchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime, bringing their onchain holdings up to […]

Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

US Marshals likely selling Silk Road Bitcoin, says lawyer

The lawyer’s claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.

United States finance lawyer Scott Johnsson has said the US Marshals Service (USMS) is almost certainly in the process of selling Bitcoin seized from the infamous Silk Road marketplace. 

Johnsson’s assertions are grounded in a service agreement signed between the USMS and Coinbase in June. According to Johnsson, this agreement indicates that once Bitcoin (BTC) reaches Coinbase Prime, it is a clear sign that the USMS has either sold or is about to sell these assets. 

Johnsson explained that the USMS has been sending Bitcoin to a custodial address in accordance with the agreement’s terms.

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Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

Massive $593.5M Bitcoin Move: US Government Shifts Silk Road Stash to Coinbase Prime

Massive 3.5M Bitcoin Move: US Government Shifts Silk Road Stash to Coinbase PrimeA transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just […]

Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

Arkham transfers $487M ARKMs to Coinbase Prime for tax compliance

As the unlocking process progresses, Coinbase Custody will play a crucial role in managing the vesting of these tokens.

In a significant move to comply with regulatory and tax requirements, Arkham has withdrawn 304.5 million ARKMs, valued at approximately $487.24 million, from its vesting contract and transferred them to Coinbase Prime custody. 

According to the data on its platform, this transaction includes 115.8 million ARKM tokens, worth $185.28 million, owned by Arkham CEO Miguel Morel.

Arkham previously communicated via the X social platform on July 17 and clarified that the team’s tokens must be transferred to Coinbase Prime to ensure proper tax payments and regulatory compliance from July 18 onward.

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Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

Coinbase Vaults Beyond 1 Million Bitcoin Mark, Stash Valued Over $52 Billion

Coinbase Vaults Beyond 1 Million Bitcoin Mark, Stash Valued Over  BillionOn Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just above $52 billion. Coinbase Outshines […]

Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

US Crypto Exchange Giant Coinbase Signs Huge Deal With Investment Firm BlackRock

US Crypto Exchange Giant Coinbase Signs Huge Deal With Investment Firm BlackRock

Two titans from different corners of the investment world are partnering up to bring cryptocurrency trading to wealthy clients. In a new blog post, top US-based crypto exchange Coinbase announced an alliance with BlackRock, the traditional finance investment behemoth with $10 trillion in assets under management (AUM). Institutional investors who use BlackRock’s Aladdin management platform will […]

The post US Crypto Exchange Giant Coinbase Signs Huge Deal With Investment Firm BlackRock appeared first on The Daily Hodl.

Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

Coinbase Prime empowers OneRiver to deliver separately managed account strategies for investment…

Coinbase Prime empowers OneRiver to deliver separately managed account strategies for investment advisors

Investors are increasingly demanding high-quality, diversified exposure to digital investment strategies. And to meet those expectations, institutions must quickly move along the adoption curve, armed with sophisticated tools and trading capabilities. Coinbase Prime continues to meet the unique goals of institutional investors in navigating this complex market now and in the future, iterating on and enhancing our products and solutions.

That’s why we empowered OneRiver Digital Assessment Management to offer wealth managers direct access to ONE Digital SMA, a suite of digital investment strategies and indexes in an easy-to-use separately managed account (SMA) platform.

ONE Digital SMA is a solution for wealth managers that want to give clients access to crypto through direct ownership of assets, complete transparency and the ability to optimize future returns through value-added services, like staking.

Behind ONE Digital SMA’s strategies is the power of Coinbase Prime, an institutional-grade execution engine, advanced trading platform and secure custody solution trusted by industry-leading corporations, hedge funds, wealth managers, asset managers, family offices, university endowments and other multi-strategy allocators.

Coinbase Prime worked with OneRiver Digital to map investment processes, operational workflows, security requirements, and permissions — all to create a best-in-class, comprehensive solution for institutions and, ultimately, wealth managers.

To learn more about Coinbase Prime or explore an SMA solution for your institution’s clients, click here.

To learn more about ONE Digital SMA click here.


Coinbase Prime empowers OneRiver to deliver separately managed account strategies for investment… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high

Coinbase Buys Data Firm Skew, Company’s First Acquisition Since the Nasdaq Direct Listing

Coinbase Buys Data Firm Skew, Company’s First Acquisition Since the Nasdaq Direct ListingOn April 30, the crypto-focused data analytics company Skew announced the firm has been acquired by the San Francisco company Coinbase. The exchange will leverage Skew’s data with the firm’s institutional subsidiary Coinbase Prime. The goal is to make “cryptocurrency markets more transparent and accessible for institutional investors.” Coinbase Acquires Analytics Company Skew Skew, the […]

Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high