Bitcoin24h $118,176.64+0.82%

Ethereum24h $3,769.15+1.24%

XRP24h $3.20+1.91%

BNB24h $795.82+2.11%

Solana24h $186.15+0.43%

Dogecoin24h $0.2388+1.90%

TRON24h $0.3199+1.40%

Cardano24h $0.8303+2.15%

Hyperliquid24h $44.01+1.13%

Sui24h $4.20+5.33%

Coinbase trader makes $25M on options bets day before SEC suit

The trader placed $100K in options bets against Coinbase on Monday morning. The company’s share price dropped nearly 19% just 24 hours later.

Coinbase claps back at SEC proposal, chief exec targets Gary Gensler

Coinbase legal chief Paul Grewal sent a 23-page letter to the SEC explaining why its RIA proposal will harm the crypto industry.

Since late December, Coinbase insiders have sold more than 500K shares for just over $26 million while only 57K shares have been bought.

Armstrong says that Coinbase needs to reduce expenses to increase its chances of doing well in every scenario.