ChainCatcher news, according to Cointelegraph, Coinbase recorded a net outflow of 9,739 bitcoins (worth approximately $1 billion) in a single day, setting a record high since 2025. This capital movement coincided with Bitcoin prices maintaining a high of $103,600, and the U.S. government announced a 90-day tariff reduction policy between China and the U.S., improving market risk appetite.Market analysis indicates that institutional investors continue to accumulate Bitcoin, leading to a decrease in exchange supply. Glassnode monitoring shows that the current "illiquid supply" of Bitcoin has reached a historical high of 14 million coins.Bitwise Research Director André Dragosch stated that in 2025, corporate Bitcoin purchases have reached four times the total scale of U.S. spot ETFs, approaching an annual production level of 200,000 coins, which may trigger a supply shortage on exchanges.

According to ChainCatcher, The Block reported that Coinbase (stock code COIN), the largest cryptocurrency exchange in the United States, will officially be included in the S&P 500 index, marking a precedent for pure cryptocurrency companies to be selected for this benchmark index. Following the announcement, Coinbase's stock price rose by 8% in after-hours trading, reaching $226, with a market capitalization of $53 billion.This inclusion signifies the cryptocurrency industry's recognition by mainstream financial markets, with Coinbase replacing Discover Financial Services in the S&P 500. It is worth noting that despite a 13% quarter-over-quarter decline in revenue to $2 billion in the first quarter of 2025, the company still achieved a net profit of $527 million, demonstrating its profitability amid the volatility of the cryptocurrency market.

ChainCatcher news, according to Whale Alert monitoring, approximately 29 minutes ago, 509 bitcoins (worth about $52,933,217) were transferred from an unknown wallet to Coinbase Institutional.

ChainCatcher news, Coinbase CEO Brian Armstrong stated that with the continued acceleration of cryptocurrency adoption by traditional participants, the crypto platform aims to become one of the largest financial services companies in the world within a few years.Brian Armstrong said during Thursday's quarterly earnings call: "Currently, we are primarily focused on trading and payments, targeting our main customer groups: retail, small and medium-sized enterprises, institutions, and developers. Our goal is to become the number one financial services application among global customers within five to ten years."

ChainCatcher news, analyst Kunal G stated that during the Coinbase Q1 earnings call, Coinbase executives revealed that the company's long-term strategy focuses on on-chain transactions and international market expansion. CEO Brian Armstrong expects DEX to surpass CEX in trading volume and plans to achieve front-end trading and on-chain settlement through Coinbase Wallet.The company invests in multiple DEX projects through Coinbase Ventures while maintaining its decentralized attributes. In the face of competition from traditional financial companies, Coinbase believes it will expand market space, and its products like USDC will benefit.Recently, Coinbase acquired the Deribit options exchange for $10 billion in cash reserves and is advancing its U.S. perpetual contract products. In terms of international markets, it has obtained a license in Argentina and completed regulatory registration in India.

ChainCatcher news, according to Bloomberg, Coinbase had previously considered adopting the Bitcoin purchasing strategy promoted by Michael Saylor, but deemed the plan too risky. Coinbase CEO Brian Armstrong stated in a video speech on the X social network: "Over the past 12 years, we have indeed had moments where we questioned whether we should allocate 80% of our assets into cryptocurrency—specifically, Bitcoin."Coinbase ultimately decided to abandon this strategy, as it could jeopardize the company's cash position as a startup and could even "stifle" the San Francisco-based company. Nevertheless, according to the company's latest shareholder letter, Coinbase purchased $153 million worth of cryptocurrency (primarily Bitcoin) in the first quarter. According to the letter, the company holds $1.3 billion worth of cryptocurrency (mainly Bitcoin) as investments.

ChainCatcher news, according to the official blog, the cryptocurrency exchange Coinbase has announced that it is the first compliant platform to receive CFTC approval to offer 24/7 Bitcoin and Ethereum futures trading, with the service officially launched on May 9. This innovation breaks the traditional trading hour restrictions of the derivatives market, allowing investors to trade contracts at any time (including weekends). The announcement revealed that perpetual contract products are also in preparation, which will provide regulated perpetual contract services for U.S. retail investors for the first time.The service is supported by clearing from Nodal Clear, with liquidity ensured by market makers such as Virtu Financial, and distributed through brokerage channels like ABN AMRO and Wedbush Securities. Coinbase Financial Markets CEO Andy Sears stated that this transformation enables investors to manage risk at any time through the Coinbase Advanced platform.

ChainCatcher news, according to Financefeeds, Coinbase Global Inc. reported that its revenue for the first quarter of 2025 reached $2.03 billion, a year-on-year increase of 24%.Although this result shows significant growth against the backdrop of a recovery in the cryptocurrency market, it still fell slightly short of analysts' expectations of $2.1 billion. This "missed expectation" in the earnings report led to a 3% drop in Coinbase's stock price in after-hours trading.

ChainCatcher news, Coinbase CEO Brian Armstrong stated that the U.S. Senate's first vote on stablecoin legislation is the "first round of negotiations," with a new round of voting expected early next week.He pointed out that the provision in the bill that "prohibits interest-bearing stablecoins" needs to be amended, emphasizing that the GENIUS bill may ultimately approach presidential signing with bipartisan support. Armstrong stated that "the 52 million American voters holding crypto assets are closely watching."

ChainCatcher news, Coinbase International announced on platform X that it will add support for Space and Time perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The SXT-PERP market will open at or after 17:30 Beijing time on May 15.

ChainCatcher news, according to official sources, Coinbase will add support for Space and Time (SXT) on the Ethereum network.

ChainCatcher news, according to the official announcement, Coinbase will add support for Space and Time (SXT) on the Ethereum network (ERC-20 tokens).If liquidity conditions are met, trading will begin later today. Once the supply of this asset is sufficient, the SXT-USD trading pair will be launched in phases. In certain supported regions, support for SXT may be limited. Coinbase will add an "experimental" label for SXT support.

ChainCatcher news, according to market data, U.S. cryptocurrency concept stocks generally rose, among which:Coinbase (COIN) rose 4.08%, reported at $204.5;Hut 8 Corp (HUT) rose 3.16%, reported at $13.06;MARA Holdings Inc (MARA) rose 3.64%, reported at $13.81;Riot Platforms Inc (RIOT) rose 3.95%, reported at $8.14;Strategy (MSTR) rose 3.66%, reported at $407.12.

ChainCatcher news, Coinbase officially confirms that it is acquiring the cryptocurrency options platform Deribit to unify spot, futures, and options trading."Through Deribit, Coinbase becomes the largest platform in the global crypto derivatives space by open interest and options trading volume, with Deribit bringing approximately $30 billion in open interest and over $1 trillion in trading volume, solidifying Coinbase's position as a leader in the global crypto market."

ChainCatcher news, according to The Wall Street Journal, Coinbase will acquire the crypto options platform Deribit for $2.9 billion.

ChainCatcher news, according to The Wall Street Journal, Coinbase executives stated that they plan to acquire the cryptocurrency options platform Deribit for $2.9 billion.The deal still requires regulatory approval, and Coinbase will also take over Deribit's operating license in Dubai.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal stated that Coinbase has made public over 10,000 pages of regulatory documents obtained through the Freedom of Information Act (FOIA), aiming to promote government transparency. He pointed out key materials including the 2019 SEC internal acknowledgment of the "crypto regulatory gap," the 2023 New York Attorney General's request for the SEC to support the claim that ETH is a security, and the SEC's inability to view Coinbase's response video due to IT issues, emphasizing that this battle for information transparency relates to the public's right to know.