CryptoNews

2013 Bitcoin Whale Wallet Transfers 500 BTC After 12 Years of Dormancy

With bitcoin drifting around the $82,000 mark on Sunday, several long-dormant bitcoin holders moved their stashes for the first time in years. One address created in November 2013 transferred 500 BTC this afternoon, valued at more than $40 million, into a newly established Bech32 (Segwit) bitcoin address. Key Takeaways Bitcoin wallets from 2013 moved 500 BTC on May 10, reviving long-dormant…
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CryptoNews

Bitcoin Must Hold $88.88K to Confirm a BTC Bottom, Analysis

An analysis shared by Cryptoquant indicates bitcoin must reclaim and hold $88,880 before traders can confirm a BTC bottom. UTXO age bands identified several realized price levels where trapped buyers could add resistance during recovery attempts. Key Takeaways $88.88K was identified as the first major resistance level above the current bitcoin price. Underwater holder cohorts could increase sell…
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CryptoNews

Coinbase Adds Gold and Silver Perps With USDC Settlement and up to 25x Leverage

Coinbase has expanded its derivatives lineup with gold and silver perpetual futures for eligible traders outside the United States, giving eligible users access to precious metals exposure through crypto-based market infrastructure. Key Takeaways Coinbase introduced gold and silver perpetual futures for eligible non-U.S. users. The contracts are USDC-settled, reference one troy ounce, and carry…
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CryptoNews

Coinbase Cuts 14% of Workforce, Targets Leaner AI-Era Model

Coinbase will cut about 700 employees as it restructures around weaker crypto market conditions and artificial intelligence-driven productivity gains. The company said the 14% workforce reduction is meant to manage expenses, streamline operations, and position Coinbase for the AI era. Key Takeaways: Coinbase will reduce its workforce by about 14%, affecting roughly 700 employees. Restructuring…
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