Coinbase CEO Brian Armstrong has revealed that the US Securities and Exchange Commission (SEC) wanted it to delist every other cryptocurrency and only offer Bitcoin (BTC). A report the Financial Times published on Monday claims that this happened before the regulator sued the US-based cryptocurrency exchange in June.
PBN Research
Why the Markets are down?
https://cointelegraph.com/news/why-is-the-crypto-market-down-today
Coinbase called the report inaccurate, explaining that the Financial Times omitted context regarding its conversations with the SEC. On Aug. 1, the index climbed 0.57% to 102.43, its highest level in three weeks, as investors continued reflecting on the last week's rate hike. It has bounced almost 3% from its lowest level on July 13, just when the crypto market peaked seasonally at $1.22 trillion.
Cathie Wood Sells Coinbase & Robinhood
https://en.bitcoinsistemi.com/bitcoin-investor-cathie-wood-out-of-buy-mode-continues-selling/
Continuing its share sales, Ark Invest sold 1,055 Coinbase shares worth approximately $105K, BusinessInsider reported. Ark Invest also sold Robinhood stock for the first time, apart from Coinbase stock. Accordingly, the company sold 373,175 shares of Robinhood worth $4.8 million.
Banks Support Crypto Exchanges
“37 of the 50 (74%) biggest global banks by assets under management in 2023 support crypto trading through connecting to regulated crypto exchanges like Binance and Coinbase – allowing the seamless transfer of funds from bank accounts. However, none currently support retail crypto trading or on-ramping from their respective native platforms.”