Uncertainty surrounding the current macro environment “appears to be pushing institutions toward hedging strategies while waiting for greater clarity,” said analyst Darkfost. A key indicator of institutional crypto market participation, the Coinbase premium has fallen deeper into negative territory, indicating increased selling pressure from institutions. The Coinbase premium has been mostly negative since late April, but it has fallen much faster over the past seven days and recorded its lowest level this month at -0.0983% on May 21. “Institutional selling pressure has intensified recently,” CryptoQuant analyst Darkfost said on Thursday. Read more
The launch marks Coinbase’s latest push into white-label stablecoin infrastructure for businesses building branded digital payment and settlement systems. Coinbase launched USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circle's USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies. According to Wednesday's announcement, USDF is designed to serve as the settlement asset for currencies created on Flipcash, a platform where users can launch fixed-supply digital currencies priced and transacted in the stablecoin. Flipcash said the token is intended to function as the primary dollar asset within its app. In December, Coinbase launched its white-label stablecoin issuance service for companies seeking branded digital dollar products without managing their own reserve, custody or settlement infrastructure. The platform includes fiat onramps, wallet services and USDC (USDC) reserve backing. It previously identified Solflare, R2 and Flipcash ...
Bitcoin’s $79,000 defense proves that the Coinbase discount is driven by stablecoin volatility rather than a lack of institutional demand. Key takeaways: Bitcoin (BTC) showed resilience on Thursday by successfully defending the $79,000 level. However, some traders worry that upside momentum is stalling as Bitcoin on Coinbase trades at a discount relative to stablecoin pairs on international exchanges. While the indicator is often debated, it potentially suggests a lack of institutional buying demand, though the situation is likely more complex. Read more
The provisions in the crypto market structure bill are still under review by the banking and crypto lobbies as a new poll shows bipartisan voter support for the legislation. The CLARITY crypto market structure bill could see a markup in the US Senate Banking Committee as early as next week, according to Kara Calvert, the vice president of US policy at crypto exchange Coinbase. “My prediction is that we have a markup next week,” Calvert told the audience at the Consensus 2026 crypto industry conference in Miami, Florida. She said that the bill needs at least 60 votes to pass in the Senate and that the CLARITY bill needs bipartisan support to become law. She said: Read more
The plaintiff says Coinbase froze traceable assets from a 2024 DAI phishing theft but refused to return them without a court order. Cryptocurrency exchange Coinbase was sued in California federal court over frozen crypto allegedly tied to a $55 million DAI phishing theft from August 2024. The complaint, filed Monday in a San Francisco federal court, alleges that after laundering the proceeds through crypto mixer Tornado Cash, the attacker deposited part of the “traceable stolen funds” into a Coinbase retail user account, where the funds remain frozen. The Puerto Rico-based plaintiff is asking the court to declare him the rightful owner of the frozen assets and order Coinbase to return them. The lawsuit also names an unknown John Doe defendant accused of carrying out the theft. Read more
Brian Armstrong said Coinbase will flatten management layers and require leaders to work as “player-coaches” under the new structure. Update May 5, 2026, 1:30 pm UTC: This article has been updated to add information from an SEC filing. Coinbase will cut about 14% of its workforce, or roughly 700 jobs, as CEO Brian Armstrong moves to make the crypto exchange leaner and more focused on artificial intelligence. Armstrong said in an email to employees that Coinbase is responding to two forces at once: a down market that pressured the company's quarter-to-quarter business and rapid advances in AI that are changing how teams work. Read more
Coinbase survey results and onchain data suggest that Bitcoin is undervalued and at the tail end of its bear market phase. More than 70% of crypto investors believe that Bitcoin (BTC) is undervalued, according to a recent Global Investor Survey conducted by Coinbase and Glassnode. The survey found that 82% of institutions and 70% of non-institutions classify the market as a late bear cycle markdown phase, while onchain indicators suggest BTC is entering a “value-accumulation zone.” Coinbase Institutional Research surveyed 91 global investors between March 16 and April 7, including 29 institutions and 62 non-institutions. The responses show a sharp shift in perceptions for the current BTC market. Read more