base

Bank of America raised its price target for Coinbase from $174 to $203 and reiterated a "Buy" rating. The bank expects that after the Federal Reserve's interest rate hike in September, stablecoin revenue will further increase, thus raising its earnings per share forecast for Coinbase for 2027 to 2028.However, due to weakened cryptocurrency trading volumes, Bank of America has lowered its near-term performance expectations for Coinbase, despite Bitcoin and Ethereum rising 43% and 70% respectively in the third quarter.

According to the GoPlus security team, an unclaimed treasury contract on the Base chain was attacked. The attacker added a malicious contract to the lending whitelist through Safe multi-signature and withdrew 1783 aBaswstETH, then redeemed approximately 1783 wstETH on Aave V3, resulting in a loss of about 6 million dollars.It is reported that the attack stemmed from failures in multi-signature governance and access control. The project team had not executed Safe transactions on the treasury contract for 25 days prior to the attack, which may have been due to social engineering attacks or internal collusion; the core contracts of Aave and the Base chain itself were not affected. As of the time of publication, approximately 31.7 million dollars in assets remain at risk in the attacked treasury.

According to the market information platform Liquid24/7.xyz, Coinbase's spot BTC has approximately 67.65 buy orders at the price level of $86,165, with a nominal value of about $5.829 million, retracting about 0.37% from the mid-price of approximately $86,488 at that time.The total near-term buy orders amount to approximately $20.0554 million, while sell orders are about $24.5673 million, resulting in a net sell excess of approximately $4.512 million, accounting for 10.11% of the total depth.

According to official news, the broker HyperLink, based on Hyperliquid, announced the completion of a $2.5 million financing round, with participation from Alliance, North Island Ventures, Reverie, Node Capital, Breed, and smartestmoney.hl.HyperLink stated that the routing transaction volume on the protocol reached $254 million last month, accounting for 0.1% of Hyperliquid's trading volume, with the next phase goal being to capture 10% of the trading volume.

According to monitoring by Spot On Chain, a certain vault on the Base chain was attacked, with losses expanding to approximately 6 million dollars, involving about 1783 wstETH. The attacker added a new contract to the vault's whitelist, borrowed aBaswstETH from the vault, and transferred the related assets to a contract controlled by the attacker.

According to monitoring by the security company Blockaid, a certain vault on the Base chain is under attack. The attacker added a brand new contract to the vault's whitelist, then borrowed aBaswstETH from it and transferred it to the attacker's contract.The attack is still ongoing, and approximately 4 transactions have resulted in about 2.02 million dollars worth of assets being stolen.

Michael Selig, the chairman of the U.S. Commodity Futures Trading Commission, stated that various regulatory agencies already possess a significant amount of existing statutory authority. While participating in the presidential working group on digital assets, they have studied statutory authorizations and legislative-level powers, and will continue to issue regulatory rules in the cryptocurrency sector based on existing regulatory powers to prepare for the development of new financial fields.

According to the market intelligence platform Liquid24/7.xyz, Coinbase's spot BTC has approximately 61.79 sell orders at the price level of $85,134, with a nominal value of about $5.26 million, which is an increase of about 0.46% from the mid-price of approximately $84,746 at that time. The total buy orders at the near end amount to about $25.9161 million, while the sell orders are about $22.7607 million.This sell order is the most prominent resistance at the near end, with net buy orders exceeding by about $3.1554 million, accounting for 6.48% of the total depth.

Bitcoin Magazine reported that the Chief Business Officer of the cryptocurrency exchange platform Coinbase stated that the company is working with advisors from six globally systemically important banks to increase exposure to Bitcoin.Coinbase Chief Business Officer: The company views this as an opportunity to expand the market and provide individuals with more ways to access Bitcoin. Globally systemically important banks are large banks identified by the Financial Stability Board that have a significant impact on the global financial system.

The cryptocurrency exchange platform Coinbase has obtained a Financial Services License (FSP) issued by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This license allows it to arrange investment transactions and provide custody for tokenized securities. Coinbase describes this license as the regulatory foundation for its international tokenization hub and the first of its two major non-U.S. institutional businesses established in the UAE, the other being its derivatives business in Dubai.According to the scope of the license, the FSP covers the arrangement and custody of tokenized stocks fully backed by underlying shares. Holders of digital securities can gain economic exposure such as dividends, while voting rights and redemption rights are subject to the conditions outlined in each prospectus. Coinbase states that investors only need a crypto wallet to trade, and secondary transfers do not require a brokerage account or banking relationship, but redeeming profits for fiat currency still requires a bank or brokerage account.Brett Tejpaul, Co-President of Coinbase Institutional: Currently, there is no major financial center that has established a framework that simultaneously regards tokenized stocks as securities, blockchain-native tokens, and composable DeFi assets. Arvind Ramamurthy, Chief Market Development Officer of ADGM, stated that the Coinbase hub reflects the center's progressive, robust, and internationally aligned regulatory framework. The FSRA issued its first virtual asset rules in 2018, which include protective measures such as sanctions screening and the ability to freeze or seize assets at the wallet level. ADGM applies English common law, and the FSRA's authority differs from that of the UAE Securities and Commodities Authority; registered entities do not automatically obtain a passport in other Gulf Cooperation Council jurisdictions.

According to the market intelligence platform Liquid24/7.xyz, Coinbase's spot BTC has about 64.84 sell orders at the price level of $85,030, with a nominal value of approximately $5.51 million, which is about 0.40% above the mid-price of approximately $84,689 at that time. The total buy orders on the near-end market are about $28.48 million, while the sell orders are about $20.43 million.Coinbase's spot buy orders net a surplus of about $8.05 million, accounting for 16.46% of the total depth. The sell orders at the price level of $85,030 create significant resistance, and if large buy orders appear, it may exert some pressure on the current price.

According to SEC filings, Coinbase submitted an 8-K form on October 2, disclosing that Chief Accounting Officer Jennifer Jones notified the company of her retirement decision on September 29.She will continue to serve until her successor takes over, while the company has initiated the search for a successor. This decision was not due to any disagreements with the company regarding operations, policies, or practices.

According to on-chain analyst Yu Jin's monitoring, two addresses received 40.57 million ZRO from LayerZero's strategic partner multi-signature wallet a year ago, worth 73.02 million USD.6 hours ago, these two addresses transferred 8 million ZRO to Coinbase Prime, worth 14.98 million USD.

According to on-chain analyst @ai_9684xtpa, a certain whale deposited 6,595.2 ETH into Coinbase 3 hours ago, worth approximately 17.57 million USD.Among them, 6,500 ETH were withdrawn from the exchange at an average price of 3,040.4 USD between June and August 2025, during which it once incurred a floating loss of over 9.557 million USD.The whale is suspected to have stopped loss and exited after holding ETH for about a year, expecting a loss of 2.443 million USD, with assets shrinking by 12.3%.

According to Onchain Lens monitoring, BlackRock's Bitcoin spot ETF IBIT received 2,309.6 Bitcoins from Coinbase Prime, with the post indicating a value of approximately 196.6 million USD.

According to Onchain Lens monitoring, a newly created wallet has cumulatively bought and withdrawn 198,290 HYPE from Coinbase Prime, equivalent to approximately 17.29 million USD at the time of purchase.The wallet currently holds 198,290 HYPE, valued at approximately 17.22 million USD. HYPE is the native token of the decentralized perpetual contract trading platform Hyperliquid.

Coinbase's Ethereum Layer 2 network Base announced on X that 26 new tokenized stocks have been launched on Base, available for trading around the clock and can be used in combination within Base's DeFi ecosystem.

According to The Defiant, SMBC Nikko Securities announced on October 2 that it has signed a memorandum of cooperation to develop a decentralized finance (DeFi) platform called "DeFi Gateway" aimed at Japanese investors.Participants include blockchain development company Nethermind, Uniswap Labs, the general incorporated association Nyx Foundation, and Coinbase Technologies, which operates the Ethereum Layer 2 network Base. The project will develop a liquidity provision protocol and proprietary liquidity pool, complying with Japanese laws and regulations, with plans to complete development by mid-2027.The cooperation mainly focuses on three areas of development: first, creating a "proxy vault" with verifiable and reproducible AI and an intuitive user interface; second, utilizing Uniswap v4's Hooks feature to build a compliant liquidity pool public framework that incorporates anti-money laundering and counter-terrorism financing (AML/CFT) and investor protection mechanisms; third, developing asset management strategies covering digital assets such as stablecoins and real-world assets (RWA).The project is jointly led by SMBC Nikko Securities and Nethermind. SMBC Nikko Securities leads communication with regulatory agencies and provides compliance, risk modeling, and portfolio management expertise; Nethermind is responsible for technical design and development, including AI strategy and integration, smart contract security, as well as automated market making and Uniswap v4 Hooks strategies.

According to the market intelligence platform Liquid24/7.xyz, the current price of BTC is approximately $86,199. The Binance perpetual near-end sell orders are about $62.71 million, and buy orders are about $40.03 million, with a net sell order surplus of about $22.67 million; Binance spot sell orders are about $11.80 million, and buy orders are about $8.18 million, with a net sell order surplus of about $3.62 million; Coinbase spot buy orders are about $10.98 million, and sell orders are about $9.28 million, with a net buy order surplus of about $1.71 million.OKX perpetual buy orders are about $15.84 million, and sell orders are about $9.94 million, with a net buy order surplus of about $5.90 million; Hyperliquid perpetual sell orders are about $10.98 million, and buy orders are only about $0.58 million, with a net sell order surplus of about $10.41 million. The near-end buy orders on Hyperliquid are noticeably thin, and if a large market order occurs, slippage may significantly increase.

The tokenized stocks issued by Coinbase on the Base network have reached a trading volume of 1.5 billion dollars on DEX in the past 30 days, an increase of 313% compared to the previous 30 days.Among them, approximately 1.4 billion dollars in trading volume occurred on Aerodrome, while the trading volume on Uniswap V4 was about 83.8 million dollars.