coinbaseeffect

🇺🇸💥 BREAKING: Coinbase CEO Brian Armstrong says:
> “The U.S. government now has a strategic Bitcoin reserve. What bigger endorsement could there be?”
🔥 Wall Street’s in. Governments are circling. Bitcoin isn’t a trend—it’s becoming infrastructure.
#CryptoAdoption #BrianArmstrong #CoinbaseEffect #ADFW1

On May 15, 2025, Coinbase, the largest cryptocurrency exchange in the United States, revealed that it had suffered a significant cyberattack that could result in financial damages ranging from $180 million to $400 million. The breach, which affected a small portion of its customer base, was orchestrated with the help of insiders who were allegedly bribed by cybercriminals.
Insider Exploitation and Data Breach
Hackers reportedly bribed several overseas contractors and support staff to gain unauthorized access to internal systems. This allowed them to extract sensitive customer data, including names, email addresses, and home addresses. Although no passwords, wallet keys, or direct crypto assets were compromised, the exposed information was later used in sophisticated phishing campaigns. In these scams, attackers posed as Coinbase support personnel to trick users into transferring their cryptocurrency holdings to fraudulent wallets
Company Response and Ransom Demand
Coinbase confirmed that the attackers demanded a ransom of $20 million in Bitcoin in exchange for not leaking the stolen data. Refusing to comply, Coinbase instead offered a $20 million reward for information leading to the identification and prosecution of the perpetrators. The company has also stated that all involved employees and contractors were terminated immediately.
Financial and Market Repercussions
The company has set aside a reserve of up to $400 million to cover potential losses and customer reimbursements. Following the news, Coinbase shares fell nearly 3% in premarket trading, signaling market concern over the exchange’s cybersecurity protocols.
Wider Industry Impact
This breach is yet another example of the growing risks in the crypto space. In 2024 alone, hackers stole over $2.2 billion from various platforms, raising serious concerns about internal security and third-party vendor reliability. Coinbase’s case particularly underscores the dangers of insider threats in the digital finance industry

Conclusion

While Coinbase’s swift response and transparency have been noted positively, this incident is a stark reminder of the ongoing security challenges facing crypto exchanges. Strengthening internal controls and improving employee vetting processes will be crucial for the company to rebuild user trust and ensure long-term resilience in an increasingly hostile digital environment.#CryptoRegulation #BinanceAlphaAlert #CoinbaseEffect #CryptoCPIWatch #TradeStories $BTC $XRP
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#BinanceAlphaAlert $BTC
📊🔥 Getting listed on Binance Alpha is a major milestone for any token. Increased visibility often leads to liquidity boosts and price movements. But will TST sustain momentum, or will it face initial hype followed by corrections?
#Ethereum! #CoinbaseEffect #trading #CryptoNews🔒📰🚫

Coinbase’s CEO unveils a bold plan to end failed lobbying, channeling tech money into pro-innovation candidates and rallying millions to reshape Washington’s future.
Coinbase Ends Decade of Failed Policy – Armstrong Reveals the Bold New Plan
Brian Armstrong, CEO of crypto exchange Coinbase (Nasdaq: COIN), has emerged as a prominent advocate for reshaping how the tech industry engages with Washington D.C.
“Tech will continue to have lots of influence in DC as long as we keep supporting candidates who are pro-tech and pro-business, regardless of which party they are in,” Armstrong remarked in a post on social media platform X on Monday. The Coinbase boss added:
It sounds crazy, but most tech policy for the last decade was giving money to people who hated us, to try and ameliorate them.
“This totally failed (and should have been obvious in hindsight),” he opined. His comments responded to a post on X by Newlimit co-founder Blake Byers, who wrote: “Silicon Valley has flipped Wall Street for power in DC. Surprisingly, it happened with a Republican elect even though Democrats have held a massive majority in tech forever. This is a few years behind tech flipping Hollywood for cultural power but still much faster than I had expected.”
Armstrong’s stance reflects Silicon Valley’s growing frustration with traditional lobbying tactics that prioritize appeasing lawmakers over fostering long-term growth. His critique highlights a broader shift in the tech industry, where companies previously spread political donations across parties to mitigate regulatory pressure. As scrutiny around cryptocurrencies, AI, and emerging technologies increases, Armstrong advocates for selectively supporting candidates who champion innovation and economic growth, rather than engaging with politicians skeptical of the industry.
This approach is already taking shape through Coinbase’s “Stand with Crypto” initiative, a grassroots movement aimed at rallying voter support for crypto-friendly legislation. The campaign has drawn millions of supporters who are eager to see policies that nurture blockchain technology and digital assets, rather than stifle them with restrictive regulations.
In the lead-up to the 2024 election, the cryptocurrency industry has backed Donald Trump’s campaign due to his pro-crypto stance. Digital asset firms also made separate donations to his inauguration efforts. Ripple pledged $5 million in XRP to the Trump-Vance Inaugural Committee, while Coinbase and Kraken each contributed $1 million.

Coinbase bị kiện tập thể bởi các cổ đông với cáo buộc "giấu nhẹm" sự cố lộ dữ liệu và vi phạm với FCA, khiến cổ phiếu giảm mạnh gây thiệt hại cho nhà đầu tư.
Coinbase bị kiện tập thể vì "giấu nhẹm" lỗ hổng bảo mật
Cáo buộc vi phạm với FCA và "giấu nhẹm" sự cố rò rỉ dữ liệu
Sàn giao dịch crypto Coinbase đang phải đối mặt với một vụ kiện tập thể từ các cổ đông, liên quan đến việc không công bố sự cố lộ dữ liệu người dùng và vi phạm thoả thuận với cơ quan quản lý tài chính Anh (FCA). Vụ kiện được đệ trình ngày 22/05/2025 tại tòa án liên bang quận Đông Pennsylvania bởi nhà đầu tư Brady Nessler.

Theo nội dung đơn kiện, các cổ đông Coinbase đã phải "chịu thiệt hại lớn" sau khi công ty xác nhận vụ rò rỉ dữ liệu này đã diễn ra từ tháng 12/2024 , với việc một số nhân viên bị hối lộ để cung cấp thông tin cá nhân của người dùng cho hacker. Coinbase ước tính tổng chi phí khắc phục và đền bù có thể lên tới 400 triệu USD.Ngoài sự cố bảo mật, đơn kiện còn cáo buộc Coinbase đã vi phạm một thỏa thuận tự nguyện với FCA từ năm 2020 – vốn yêu cầu công ty không được tiếp nhận và cung cấp dịch vụ cho những khách hàng bị đánh giá là "có mức độ rủi ro cao". Tuy nhiên, theo FCA, chi nhánh CB Payments tại Anh Quốc đã tiếp nhận hơn 13.000 khách hàng như vậy, dẫn đến án phạt 4,5 triệu USD vào tháng 7/2024.
Nessler cho rằng Coinbase không tiết lộ thông tin vi phạm kể từ khi IPO vào tháng 4/2021, khiến giá cổ phiếu bị “thổi phồng giả tạo”. Nếu biết trước thông tin này, cô sẽ không mua cổ phiếu ở mức giá đó. Vụ kiện tập thể này đại diện cho tất cả các nhà đầu tư từng mua cổ phiếu Coinbase trong giai đoạn từ ngày 14/4/2021 đến 14/5/2025, và đang yêu cầu bồi thường thiệt hại cũng như xét xử bởi bồi thẩm đoàn.
Vụ kiện của Nessler là đơn đầu tiên cáo buộc Coinbase gây thiệt hại cho cổ đông thông qua biến động giá cổ phiếu sau tiết lộ sự cố bảo mật. CEO Brian Armstrong và CFO Alesia Haas đều bị nêu tên trong đơn kiện.
Coinbase còn đang đối mặt với ít nhất 6 vụ kiện tương tự khác
Ngoài ra, sau khi Coinbase xác thực sự cố, sàn giao dịch phải đối mặt với ít nhất 6 vụ kiện khác vì đã không thực hiện đầy đủ các biện pháp bảo mật cần thiết để bảo vệ thông tin người dùng, thiếu minh bạch, và khả năng xử lý hậu quả kém đối với vấn đề vi phạm dữ liệu.

Ba vụ kiện tại tòa án liên bang New York ngày 16/05, nguyên đơn Paul Bender cho rằng Coinbase đã để lộ dữ liệu cá nhân nhạy cảm của hàng triệu người dùng và phản ứng không hiệu quả sau khi bị tấn công.

Vụ kiện thứ tư bổ sung lập luận rằng Coinbase đã "hưởng lợi không chính đáng" do không đầu tư đầy đủ vào bảo mật dữ liệu.

Vụ kiện thứ năm tại California yêu cầu tòa buộc Coinbase phải xóa toàn bộ dữ liệu nhạy cảm về nguyên đơn và thuê đơn vị kiểm toán độc lập để đánh giá hệ thống an ninh.

Một đơn kiện ở bang Illinois ngày 13/5 cho rằng Coinbase thu thập và lưu trữ dữ liệu sinh trắc học mà không thông báo đầy đủ về mục đích và thời hạn giữ dữ liệu.
Cổ phiếu COIN của Coinbase đã giảm 3,2% xuống còn 263,14 USD sau khi thông tin các vụ kiện được công bố.
Biến động giá cổ phiếu Coinbase (COIN), ảnh chụp Google Finance lúc 07:40 PM ngày 26/05/2025
#CoinbaseEffect #Binance $BTC
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$ETH

Armstrong's push for onchain interest in stablecoins makes sense from both a competitive and macroeconomic standpoint. If stablecoin issuers could pass interest directly to holders, it would create a compelling alternative to traditional bank savings accounts, which offer much lower yields.
The regulatory hurdle seems to be that both the STABLE and GENIUS Acts, as currently drafted, prevent stablecoin issuers from paying interest, treating them more like cash equivalents than investment vehicles. This keeps them in a payments-focused framework rather than a financial instrument category that could compete with bank deposits or money market funds.
Armstrong’s argument that allowing onchain interest would strengthen dollar dominance is particularly interesting. If more global users opt for USD-pegged stablecoins because they offer yield, it could increase demand for U.S. Treasuries, reinforcing the dollar's role in global finance.
It’ll be worth watching how lawmakers reconcile these competing visions. If they open the door to interest-bearing stablecoins, it could reshape how capital flows in crypto and beyond. Do you think regulators will eventually give in to this idea, or will they maintain the current restrictions?
#coinbase #CoinbaseEffect #CoinbaseListing

A wave of speculation has taken over the XRP community after Crypto X AiMan suggested that recent on-chain shifts may point to BlackRock quietly accumulating XRP via Coinbase custody. While the data is striking, the conclusion remains unverified.
📊 On-Chain Data: XRP Reserves Shrink
Coinbase’s visible XRP reserves dropped from ~780M tokens to under 200M between June–August 2025.
That’s a 69% plunge, confirmed by XRPScan.
The number of Coinbase wallets fell from 52 to ~10–16, each holding nearly identical balances of ~16.5M XRP.
➡️ Analysts say this points to custody restructuring rather than a sell-off.
🏦 Why BlackRock’s Name Is Involved
Coinbase Prime provides custody services for large institutional clients, fully integrated with BlackRock’s Aladdin platform.
This allows asset managers like BlackRock to gain crypto exposure off-exchange, hidden from retail markets.
Hence, the theory: Coinbase’s reallocation may be institutional demand, possibly linked to BlackRock.
✅ What’s Confirmed
✅ Coinbase’s XRP holdings declined sharply on-chain
✅ Wallets were consolidated into fewer, larger accounts
✅ Coinbase does have a custody partnership with BlackRock
❌ What’s not confirmed: That BlackRock is the buyer
Neither Coinbase nor BlackRock has issued disclosures, and no filings back the claim. Independent fact-checkers stress: this is speculation, not proof.
📌 Why It Matters for XRP Holders
Some feared this was a massive sell-off → AiMan insists, “It’s not a sell-off. Coinbase is not getting rid of XRP.”
Instead, assets may be moving into institutional custody.
If true, this reduces visible exchange supply and could indicate growing institutional confidence in XRP.
🧐 Bottom Line
The data is real: Coinbase’s XRP reserves have plunged. The custody ties with BlackRock are real, too. But the leap to say “BlackRock is buying XRP” remains unproven.
Until there’s formal disclosure, treat this rumor as intriguing but unconfirmed.
#CoinbaseEffect #coinbase #Binance #TrendingTopic #latestupdate