nba

According to Onchain Lens monitoring, an institution transferred 90,000 HYPE from FalconX to Coinbase, worth 4.85 million dollars.

According to Bloomberg, OceanBase, a database company supported by Jack Ma, is in discussions with investors for Series A financing, planning to raise approximately 2 billion to 3 billion yuan (about 295 million to 443 million USD) to promote the company's independent operations and accelerate the development of its AI database business.OceanBase was originally developed in 2010 to meet the internal database needs of Ant Group and has supported Ant Group in achieving a transaction processing capacity of 500,000 transactions per second during major promotional events like "Double 11." Sources say that OceanBase is currently strengthening its AI analytical capabilities, enhancing its ability to process not only structured data but also semi-structured and unstructured data such as videos, aiming to become a key infrastructure connecting enterprise data with AI models and AI Agents. To facilitate a future spin-off listing, OceanBase has established an independent board of directors in 2024 and set up an employee stock incentive plan. Additionally, sources reveal that Ant Digital Technologies, the enterprise services division of Ant Group, is also exploring independent financing options.

According to Onchain Lens monitoring, the Bitwise BHYP Hyperliquid ETF transferred 39,300 HYPE to Coinbase about 1 hour ago, worth approximately $2.13 million.Over the past few weeks, the fund has cumulatively transferred 280,700 HYPE to Coinbase through multiple transactions, worth approximately $17.35 million. It currently holds 354,000 HYPE, worth approximately $19.25 million, with an additional $34.62 million worth of HYPE staked in Hyperliquid.

According to Onchain Lens monitoring, BlackRock transferred approximately $10.07 million in assets from its ETF wallet, with 158.57 BTC (worth about $10.06 million) and 4.49 ETH (worth about $8,500) being transferred to the Coinbase Prime wallet.

According to The Block, Coinbase has appointed senior employee Rob Witoff (@RWitoff) as the new Chief Technology Officer (CTO), coinciding with ongoing executive adjustments at the largest cryptocurrency exchange in the United States.Witoff previously served as the head of the Coinbase platform and recently stated that 95% to 100% of the company's code is written with AI assistance, with the workload of AI agents equivalent to about 1,200 full-time developers.

According to monitoring by Onchain Lens, the BlackRock ETF wallet transferred over $271 million worth of crypto assets to Coinbase Prime, possibly for sale. This includes 3,310 BTC, approximately $216 million; and 28,400 ETH, approximately $55.68 million.

Coinbase posted on the X platform that it is upgrading the Coinbase DEX experience, allowing users to immediately find and trade after Base or Solana tokens go live on the chain, now available in the new Launches tab.

Coinbase CEO Brian Armstrong tweeted in response to the viewpoint "If you're in the cryptocurrency space, turn to AI," stating that this is a flawed way of thinking and a zero-sum game mentality. Brian Armstrong emphasized that cryptocurrency is a universal technology, an infrastructure, just like electricity or the internet. It does not compete with the next hot technology because it supports the latter. It is "both-and," not "either-or." Artificial intelligence, as a major trend, does not diminish the importance of cryptocurrency. On the contrary, it makes cryptocurrency even more important.AI agents require their own financial infrastructure, and ultimately their daily trading volume will far exceed the total of all human trading volumes. They cannot open bank accounts, cannot wait three days to receive remittances, and they cannot reside in just one country. They need real-time programmable money (which is exactly what cryptocurrency is). Agents need to hold funds and make payments themselves. Coinbase was the first to launch the x402 protocol, Base, and USDC, which now support the vast majority of payments for agents. Agents will also participate in trading and act as financial advisors. They will raise or borrow funds for ongoing new projects. They will also save users from the tedious tasks of tax planning, portfolio rebalancing, and bill payments.

Coinbase posted on the X platform stating that users can borrow up to 100,000 USDC by staking SOL through jitoSOL, and continue to earn staking rewards, with the borrowed funds available for immediate use.

According to market news, the listed company KULR Technology has sold 333 bitcoins to fully repay its $20 million Coinbase credit line. It currently holds a total of 760 BTC.

Coinbase Institutional and Glassnode released the report "Charting Crypto Q3 2026," maintaining a neutral outlook on the crypto market.The report shows that on-chain data indicates Bitcoin may be transitioning from a correction phase to an accumulation phase, but the Fed's hawkish stance, weak spot ETF demand, and geopolitical risks continue to pressure the market outlook.

Coinbase is undergoing the largest executive reshuffle in recent years. Chief Talent Officer Lawrence Brock has stepped down and transitioned to an advisory role, while co-head of the institutional division Greg Tusar has moved to a policy position; previously, General Counsel Paul Grewal planned to leave, and Jesse Pollak has stepped down as head of the Base app. After laying off 14% of its workforce in May, Coinbase is accelerating its transformation into a comprehensive trading platform that includes stocks and prediction markets.

According to official news, Coinbase has added USDC-BRL support for users in Brazil.This trading pair will be available on Coinbase Exchange at launch and will gradually expand to the Coinbase website, Coinbase app, and Coinbase Advanced.

According to monitoring by Onchain Lens, BlackRock transferred 3,126 BTC, worth approximately $203 million, from its IBIT Bitcoin ETF wallet to Coinbase Prime.The transfer was executed through multiple transactions, including several transfers of 300 BTC and one transfer of 126.168 BTC.

According to Fortune, Abu Dhabi sovereign wealth fund Mubadala Capital announced a partnership with Coinbase and infrastructure provider KAIO to tokenize its evergreen private market fund, issuing compliant on-chain tokens to qualified investors. Coinbase will use its Base blockchain as one of the underlying networks and will personally purchase the tokens, incorporating the Mubadala fund into its corporate balance sheet.It is reported that this is the first time a major publicly listed company in the United States has used compliant tokenized assets for native on-chain financial management. Currently, the product has attracted approximately $75 million in funding, with investors including traditional institutions and crypto-native allocators. Mubadala manages assets totaling nearly $400 billion, and this tokenization aims to break through the high barriers of traditional private equity and expand the potential investor base.

Coinbase officially opened its office at Raffles Quay No. 1 in Singapore on July 22. Hassan Ahmed, the National Director of Singapore, stated in an interview with The Business Times that the plan is to increase the local workforce from about 150 to around 200 by the end of 2026, with the fastest-growing positions concentrated in engineering, customer service, relationship management, and institutional sales.Ahmed described Singapore as one of the most trusted financial centers in the world and one of Coinbase's fastest-growing international markets. This expansion contrasts with Coinbase's global layoffs of about 14% in May this year. Ahmed explained that the company is optimistic about the adoption prospects of cryptocurrencies and stablecoins in Singapore and the Asian region, citing the local clear regulatory framework, friendly business environment, and strong capital flow as attractive factors.In October 2023, Coinbase obtained a full major payment institution license under Singapore's Payment Services Act and is currently exploring the intersection of AI and digital assets, including equipping AI agents with stablecoin wallets.

According to Catcher Predict monitoring, the event "NBA: LeBron James' Next Team" on the prediction market Polymarket is currently among the most traded, with a cumulative pool size reaching $371 million. The option with the highest market consensus is "Miami Heat," corresponding to a winning probability of approximately 50.25%.

Benchmark has lowered its second-quarter performance expectations for Coinbase ahead of the earnings report next week, citing weak trading activity in the cryptocurrency market, but still maintains a "Buy" rating and a target price of $270. Based on Coinbase's stock price of about $172 on Wednesday, this target price corresponds to an upside potential of approximately 57%.Benchmark analyst Mark Palmer has revised Coinbase's second-quarter revenue expectation from $1.51 billion to $1.38 billion and has lowered the full-year revenue expectation for 2026 from $6.33 billion to $6 billion. The trading volume on centralized exchanges in the second quarter has decreased by about 28%, and the total market capitalization of the cryptocurrency market has dropped by about 13%. The firm expects Coinbase's trading revenue to decline by more than 5%.However, the market showed initial signs of stabilization in June, with spot trading volume exceeding $1 trillion for the first time since March, which may somewhat alleviate the weak performance in the second quarter.Benchmark believes that if the CLARITY Act is ultimately passed, it could become a more significant catalyst for the stock price than quarterly performance, with Coinbase potentially being one of the main beneficiaries of the act. Trump has previously agreed to the relevant ethical provisions, removing a key obstacle to the advancement of the bill.