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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.