base

According to monitoring by Lookonchain, a wallet suspected to be associated with Tim Draper (bc1q8...cyhkk) deposited 1000 BTC into Coinbase Prime 7 hours ago, worth 61.82 million dollars. Tim Draper is a well-known venture capitalist who purchased approximately 29,656 BTC in 2014 through an auction by the U.S. Marshals Service (which were assets seized from Silk Road) at a purchase price of about 632 dollars per coin, with a total cost of approximately 18.7 million dollars. The peak value of this batch of BTC was about 3.74 billion dollars, and its current value is approximately 1.82 billion dollars.

According to Arkham monitoring, 500 BTC (approximately 30.85 million USD) was transferred about half an hour ago, and the funds are related to the address of Irish drug dealer Clifton Collins, who accumulated over 400 million USD in assets through Bitcoin, part of which was later seized by the police.Monitoring data shows that there have been multiple large movements of the related BTC funds recently:March 24: Approximately 35.44 million USD in BTC was seized by the Irish police and transferred to Coinbase Custody;May 19: Approximately 38.19 million USD in BTC was transferred to Wintermute / Binance related addresses; approximately 30.85 million USD in BTC was transferred to Coinbase Prime Custody.

According to OnchainLens monitoring, the BlackRock ETF address deposited 4,917 BTC into Coinbase, worth approximately $301 million.In the past 4 days, BlackRock has cumulatively deposited 20,359 BTC into Coinbase, worth approximately $1.22 billion.

The Binance futures platform will launch the ETHUSD1 perpetual contract on July 3 at 17:00, with a maximum leverage of up to 100 times. This contract will support a multi-asset model, allowing users to use other assets such as BTC as margin for trading.

The Binance contract platform will launch the following U-based TradFi perpetual contracts on July 2, 2026: STRCUSDT (17:15), CATUSDT (17:20), TXNUSDT (17:25), FLEXUSDT (17:30), TERUSDT (17:35), TTWOUSDT (17:40), KSTRUSDT (17:45), BSPUSDT (17:50).

According to monitoring by Onchain Lens, BlackRock has just transferred 3,625 BTC (approximately $212.43 million) and 20,598 ETH (approximately $32,390,000) to Coinbase.

According to Public Citizen data, Ripple, Coinbase, and other cryptocurrency companies contributed $189 million to the 2026 U.S. midterm elections. Cryptocurrency companies accounted for 37% of the total $517 million in corporate political donations. Previously, during the 2024 U.S. presidential election, political donations from the cryptocurrency industry were approximately $160 million, and the cryptocurrency industry accelerated lobbying after the Trump administration took office, seeking to solidify the results of regulatory loosening.

According to official news, the blockchain-based private credit platform Techdollar announced the completion of a $3 million Pre-Seed round of financing, with participation from NoLimit Holdings, Reforge VC, as well as individual investors such as Newmichwill, RoyLearner, and Ansem.It is reported that Techdollar is a blockchain-based private credit platform that allows founders, employees, venture capitalists, and family offices to obtain loans secured by equity in private tech companies without having to sell shares. The platform adopts a stablecoin issuance mechanism and integrates with on-chain liquidity infrastructure to provide rapid capital access while maintaining private off-chain custody and compliant underwriting processes.

Coinbase's Chief Strategy Officer John D'Agostino stated in an interview with CNBC that over 40 countries have committed to buying Bitcoin in some form for their national balance sheets or other arrangements.He mentioned that there is a significant amount of new institutional interest in this asset class every day; while external markets may still be waiting for a major event or clear catalyst, from within the industry, Bitcoin adoption is steadily increasing.

Jiang Zhuoer posted on platform X, stating that ETFs continue to show a selling state, and multiple institutional products are experiencing simultaneous reductions; the market price on Coinbase has shown a significant discount, with levels having fallen back to the range before the major adjustments at the end of January and the end of May; the funding rate remains positive, while contract positions are at a high level, indicating concentrated leveraged positions. Jiang Zhuoer added, "Everything points to: something big is coming."

According to monitoring by lookonchain, the BlackRock address deposited 4,984.56 bitcoins (approximately $295 million) and 30,725 ethers (approximately $48.58 million) into the Coinbase Prime address, totaling approximately $344 million.

According to official data, Ark Invest, led by Cathie Wood, increased its holdings in Coinbase, Circle, Bullish, and Robinhood stocks on Monday, with a total increase of approximately $16.9 million based on the closing price.In specific operations, ARK bought 45,164 shares of Coinbase ($6.85 million), 81,757 shares of Circle ($6.21 million), 149,422 shares of Bullish ($3.54 million), and 2,943 shares of Robinhood ($300,000), with all four stocks closing up on that day.

According to the official announcement, Binance Futures will adjust the contract amount of the CRWDUSDT U-based perpetual contract on July 2, 2026, at 08:00. The underlying asset of this contract will undergo a 1-for-4 stock split plan, with the adjustment expected to be completed on the same day at 21:30.During the adjustment period, the contract will be in a suspended state, all pending orders will be canceled, and trading functionality will resume at 21:35.

According to Onchain Lens monitoring, BlackRock has just deposited 7,432 BTC (approximately $446.38 million) and 8,150 ETH (approximately $12.89 million) into Coinbase.

According to the latest daily trading disclosure information released by ARK Invest, Cathie Wood's ARK Invest spent $25.54 million on June 26 to purchase stocks of Coinbase, SpaceX, Circle, Bullish, and Robinhood.Among them, $10.19 million was spent on Coinbase stocks (68,366 shares); $7.01 million on SpaceX stocks; and $5.79 million on Circle stocks.

According to Cointelegraph, in the wave of declines in technology stocks, cryptocurrency-related stocks have suffered particularly severe losses, with the divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% from their respective historical highs, far exceeding the 48% to 57% pullback of mainstream tech stocks like Oracle, Salesforce, Netflix, and Palantir; in contrast, the S&P 500 index has only retreated 3.5% from its recent peak.On the fundamental side, Coinbase's first-quarter performance was significantly below Wall Street expectations, with a 21% quarter-over-quarter decline in revenue and a loss of $1.49 per share, while analysts had previously expected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak; Ethereum also dropped to around $1,500, down about 69% from last year's high, with market sentiment continuing to deteriorate.21Shares has lowered its 2026 cryptocurrency market expectations in its mid-year outlook report, believing that the performance of digital asset prices is significantly lagging behind the industry's fundamentals. The institution pointed out that institutional adoption is still deepening, with stablecoins, asset tokenization, and prediction markets maintaining strong development momentum, but the four-year market cycle of Bitcoin remains the dominant force in price trends. The report also acknowledged previous misjudgments—"the cycle of Bitcoin is evolving, but has not yet broken," retracting its earlier assertion that the four-year cycle was outdated.Analysts believe that the deep pullback in cryptocurrency stocks reflects the overall weakness of the digital asset market, the uncertainty of legislative progress in the U.S. cryptocurrency market structure, and the compounded pressure from the potential impact of AI technology on existing business models.

Base officially released an analysis report on the interruption of block production, which disclosed that the Base mainnet experienced two interruptions in block production on June 25 and 26, lasting 116 minutes and 20 minutes respectively. The security of on-chain assets was not affected, and funds remained in a secure state.The root cause of the incident stemmed from a logic flaw in the sequencer's block construction: after a transaction execution failure, the old journal state was not correctly cleared, leading to gas calculation errors during the execution of subsequent valid transactions, which in turn generated invalid state transition blocks, causing the entire L2 chain to pause block production.Base stated that the issue has been resolved through a patch, and it will strengthen the protocol's fuzz testing and stress testing systems to identify potential malicious transaction paths, while also optimizing monitoring and operational processes. Additionally, there are plans to introduce a recovery mechanism to enhance the ability to recover quickly from similar incidents in the future.

According to the official announcement, Bitget has launched U-based CAP perpetual contracts, supporting up to 10x leverage, and the contract trading Bot will be opened simultaneously.

Coinbase CEO Brian Armstrong published an article introducing the company's latest progress in AI cost optimization.Armstrong stated that as the usage of AI and Token consumption continues to grow, the key to controlling costs is not to restrict employee usage or frequently send budget reminders, but to optimize default model selection, task routing mechanisms, and caching strategies.He revealed that Coinbase is trying to use open-weight models such as GLM 5.2 and Kimi 2.7 as default options through an internal LLM gateway, while still allowing engineers to choose other models based on specific task requirements. Data shows that 91% of the company's employees have never reached the AI usage quota limit, so Coinbase has not chosen to tighten quotas but instead improved overall efficiency through lower-cost model solutions.In terms of model routing, Coinbase preprocesses prompts and, combined with cache hit rates and the pricing of different models, automatically assigns tasks to the most suitable model. Armstrong believes that complex tasks such as planning and reasoning may require support from cutting-edge models, but execution tasks do not necessarily need to invoke higher-cost models. In the future, the model selection process should be more automated by AI rather than relying on manual decisions.Additionally, he pointed out that cache hit rate is one of the important factors affecting AI costs. Coinbase has incorporated a cache-aware mechanism into the request process to improve the reuse rate of historical results. For example, in the case of LibreChat, after optimizing the caching solution, its cache hit rate has increased from 5% to 60%.Armstrong also stated that the company requires engineers to keep context as concise as possible, including starting new sessions when switching tasks, narrowing the context scope of files, and closing unused tools, to reduce unnecessary Token consumption.According to him, through these measures, Coinbase has successfully reduced AI spending by nearly 50%, while Token usage continues to grow.