According to blockchain data analyst @ai_9684xtpa,  0x276 starting address transferred 187,000 UMA tokens worth approximately $1 million to Coinbase after a year of dormancy. It is reported that the address had previously transferred 370,000 UMA tokens at an average price of $2.08 from a trading platform in February 2023, with a profit of $1.13 million. Three hours ago, the owner transferred half of the tokens to Coinbase and the other half to a new address starting with 0xCdE.

Elliott Z. Stein, a senior litigation analyst at Bloomberg, said that Coinbase has a 70% chance of winning against the SEC. He stated, "I attended the SEC's hearing against Coinbase and believe that Coinbase will win the motion to dismiss the SEC's main allegations (related to trading), but may not be successful in dismissing the charges of custody and broker-dealer." It is reported that Elliott Z. Stein predicted in March last year that Grayscale had a 70% chance of winning against the SEC.

Coinbase NFT stated on X platform that its "Coinbase NFT Instamint" service can now support the creation of NFTs generated by artificial intelligence.

Coinbase criticizes the Consumer Financial Protection Bureau's attempt to take jurisdiction over cryptocurrencies, as the CFPB plans to regulate digital wallets and encryption software.The cryptocurrency industry is already supervised by multiple regulatory agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Coinbase questions the CFPB's role in the cryptocurrency field and is prepared to argue that the CFPB exceeds its authority by intervening in cryptocurrencies.Coinbase's Chief Legal Officer, Paul Grewal, wrote to the agency: "The CFPB has never formally sought or been granted the power it now claims over crypto assets in its proposed rules."

Coinbase's Chief Financial Officer (CFO), Alesia Haas, stated that it is not expected to face immediate trading fee pressure after the arrival of Bitcoin spot ETF, but in the long run, the company may face fee compression. As time goes on, ETFs may become more diversified, using multiple custodians, as issuers hope to reduce reliance on a single company. Haas said the company is prepared for this possibility.

Faryar Shirzad, Chief Policy Officer of Coinbase, stated in an interview that the approval of Bitcoin ETF for listing means that hundreds of thousands or even billions of dollars, or even more funds, will enter the cryptocurrency market. This is a big deal and also means that the market has taken an important step towards regulatory clarity. Although it is a significant step forward and good for the entire industry, it is still necessary to legislate the cryptocurrency market.

Coinbase has partnered with African local stablecoin trading platform Yellow Card to expand its services in Africa as part of its globally compliant development plan. Starting in February, this partnership will enable more than half of the African population to purchase USDC through the Coinbase wallet application. It also allows application users to send stablecoins for free via email and messaging applications such as WhatsApp, iMessage, and Telegram. Yellow Card users can also purchase USDC on the Base network.

According to data disclosed by Ki Young Ju, founder and CEO of CryptoQuant, a chain data analysis company, Coinbase's OTC trading volume reached $7 billion today, a new high in nearly a year.

Paul Grewal, Chief Legal Officer of Coinbase, sent a letter to the US Consumer Financial Protection Bureau (CFPB) on Monday commenting on the CFPB's proposal to define and regulate general digital consumer payment applications. Coinbase stated that its main concern is that the proposed CFPB rules would include cryptocurrencies within its jurisdiction without conducting extensive research or understanding of cryptocurrency transactions, and without proving the authenticity of cryptocurrencies. The fundamental issue prohibits the agency from exercising jurisdiction over the digital asset industry without clear authorization from the US Congress. Federal agencies, including the CFPB, should not overstep their authority before Congress and should amend the rules to exclude cryptocurrencies and allow Congress to fulfill its duty to establish a clear regulatory framework to protect consumers.

While Coinbase aims to compete in the EU derivatives market, it faces stiff competition from more prominent players like Binance, Bybit, OKX and Deribit.