Coinbase will start trading tomorrow on the open market after opting for a direct listing rather than an IPO. The reference price for Coinbase is $250, giving the company at $65.3 billion market cap.
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Bitcoin and ETH have both broken out of their consolidation ranges to make new highs today. Meanwhile, the much anticipated Coinbase IPO launches tomorrow.
Is it time for another round of alt season and ETH bull market? While there is every reason to be bullish on BTC in general, the market looks ripe for ETH and alts.
Grayscale has made it clear that their plan is and always has been to lower GBTC fees and move it to an ETF.
Visa and PayPal have both ramped up crypto adoption this week. Visa is running a USDC pilot program, and PayPal has launched a crypto checkout service.
Bitcoin (BTC) is holding up well and trading at support levels after making highs a few weeks back. However, traders are selling GBTC in a panic creating a large negative GBTC premium (a GBTC discount).
After years of waiting since an initial teaser, Cardano (ADA) is coming to Coinbase Pro. Trading is set to start March 18th. ADA will likely come to the Coinbase app shortly after.
A long-awaited overhaul to Ethereum fees, EIP 1559, is finally set to launch. The proposal reforms how fees are paid, reduces gas costs, curves ETH inflation, and more.
GBTC has traded at a negative premium since tech stocks began to drop and Bitcoin began to find support. The result is you can buy discounted Bitcoin through Grayscale.
Microstrategy bought 328 bitcoin for about $15 million with an average price of $45,710 per BTC. That means they basically bought the bottom of the current range.