ChainCatcher news, according to Cryptoslate, BlackRock has revised its custody agreement with Coinbase, updating the operational procedures for the iShares Bitcoin Trust ETF. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on September 16, the revision to the Coinbase Prime Broker agreement aims to improve the withdrawal process and changes in asset management during unsettled transactions.These modifications have shortened the processing time for Coinbase Custody when handling withdrawals from Vault balances to public blockchain addresses, even though transaction credits remain unsettled. The agreement also allows the trust to withdraw Bitcoin from Vault balances or trading balances to public blockchain addresses, provided that the total balance in the account after the withdrawal equals the amount of unsettled transaction credits.According to the filing with the SEC, the revision updated Section 2.1 of the custody service agreement. Based on specific balance requirements, Coinbase Custody must now process requests to withdraw digital assets to public blockchain addresses within 12 hours of receiving instructions from the trust or its authorized representative.

ChainCatcher message, according to The Data Nerd monitoring, 16 million ONDO (approximately 19.37 million USD) was transferred from Coinbase's custody wallet to Teneo and Arrington on Bybit, Kucoin, and other VC addresses 4 hours ago.

ChainCatcher news, the Solana ecosystem DeFi protocol marginfi announced on social media that its liquid staking token LST is now live on Coinbase Custody.

ChainCatcher news, according to The Information, cryptocurrency custodian Anchorage Digital announced the appointment of former Coinbase custody head Aaron Schnarch as its Chief Operating Officer, responsible for overseeing all business lines.It is reported that Anchorage Digital, headquartered in San Francisco, is one of the largest institutional cryptocurrency custodians and holds a federal banking license. Apollo Global Management and the emerging cryptocurrency exchange EDX Markets are both clients of the company. With support from Goldman Sachs, KKR, and Andreessen Horowitz, the company was valued at over $3 billion in its latest funding round in 2021.

ChainCatcher message, Coinbase Institutional stated on social media that, based on a recent review, Coinbase Custody will cease support for PlayDapp (PLA) in all jurisdictions on May 2, 2024, and will stop support for Unifi Protocol DAO (UNFI) on May 20, 2024.

ChainCatcher news, according to Scopescan monitoring, the crypto market maker Flow Traders received 4,800 ETH (10.2 million USD) from a Coinbase custody address.

ChainCatcher news, according to DLNews, Dallas Mavericks owner and billionaire Mark Cuban was hacked later this Friday, losing approximately $870,000 (a total of 10 token assets including ETH). Mark Cuban is currently transferring the remaining assets to Coinbase custody.Mark Cuban stated: "This is the first time I've used MetaMask in months; they must have been monitoring my address."

ChainCatcher news, according to CoinDesk citing informed sources, asset management giant BlackRock will submit an application for a Bitcoin ETF (exchange-traded fund), and BlackRock will use Coinbase (COIN) Custody to price the ETF and spot market data from cryptocurrency exchanges.It is reported that BlackRock has been collaborating with Coinbase since mid-last year to allow institutional investors to directly use cryptocurrencies. It is still unclear whether the ETF is spot or futures. BlackRock did not immediately respond to a request for comment. (source link)

ChainCatcher news, MakerDAO has transferred $500 million to Coinbase Custody. According to previous reports, in April this year, MakerDAO approved the opening of a real-world asset (RWA) vault for Coinbase's custody service and transferred up to $500 million in USDC stablecoins. The proposal received 84% support. The Coinbase custody division will pay 2.6% annual interest on deposits. (source link)

ChainCatcher news, MakerDAO has approved the opening of a real-world asset (RWA) vault for Coinbase Custody, transferring up to $500 million in USDC stablecoin. The proposal received 84% support. It is reported that Coinbase's custody division will pay 2.6% annual interest on deposits.Additionally, the proposal prohibits Coinbase from re-collateralizing the assets in the account, including lending, reinvesting, or using them in any other way. Coinbase must keep the tokens in cold wallets, and MakerDAO will be able to withdraw funds from the vault within 24 hours, with the funds in the cold wallet insured for up to $500 million. (source link)

ChainCatcher news, regarding the transfer of 2.694 billion ARB by the Offchain Labs team to 140 EOA addresses along with the Future team and advisors, Arbitrum DAO community member eli responded that these tokens are being transferred to a custodial account at CoinBase, aiming to utilize CoinBase's custodial unlock service.Additionally, eli has suggested that the Offchain Labs team clarify this matter through their official Twitter. (source link)

ChainCatcher news, Coinbase Custody has announced support for deposits and withdrawals of ATA, DEXT, ELA, GNO, INV, LOOM, LTX, MINA, MNGO, SHPING, and wstETH, and stated that the availability of these assets may be restricted based on the custody entity and client jurisdiction. (source link)

ChianCatcher news, Grayscale officially released an announcement reiterating the security of its product assets. The announcement indicates that the balance of holdings in Grayscale's digital asset products can be found in historical public documents assessed by third-party auditors; each digital asset product has a separate trust entity, and all digital assets are held by Coinbase Custody as the custodian. Both Grayscale and Coinbase Custody have no right to borrow, lend, re-hypothecate, or otherwise pledge the underlying assets of the products.However, Grayscale also stated that Coinbase frequently conducts on-chain verification. For security reasons, Grayscale will not disclose the exact information of such on-chain wallets through cryptographic reserve proofs or other advanced cryptographic accounting procedures. (Source link)

ChainCatcher news, Coinbase Institutional has submitted a proposal regarding the Coinbase USDC institutional rewards to MakerDAO, which is currently in the governance opinion voting phase. The proposal suggests registering an account representing MakerDAO on Coinbase Prime and transferring 33% of the PSM's USDC (approximately 1.6 billion USDC) into custody to earn USDC rewards through Coinbase. Currently, 33% of the PSM's USDC is about 1.1 billion USDC. According to the reward plan proposed in MIP81, the implementation of this proposal will bring approximately $15 million in annual revenue to MakerDAO.It is reported that the MIP81 proposal was initially submitted in early September, and the opinion voting will end on October 25 at 00:00, with a current approval rate of 88.33%. (source link)

According to Chain Catcher news, Coinbase Custody has announced support for deposit and withdrawal services for 20 new assets, including ADS, ANGLE, BETA, CAST, DFA, DSLA, EL, HOTCROSS, KSM, MATTER, PAPER, RARE, STG, SWEAT, SWTHUDO, VSP, WOO, WXT, ZCX. (Source link)