Bitcoin24h $75,599.69-1.55%

Ethereum24h $2,074.50-1.10%

BNB24h $652.44-0.86%

XRP24h $1.33-1.23%

Solana24h $83.70-0.93%

TRON24h $0.3731-0.40%

Dogecoin24h $0.1015-0.11%

Hyperliquid24h $61.67+2.57%

Zcash24h $569.42-8.20%

UNUS SED LEO24h $10.05+0.51%

Coinbase execs slapped with insider trading lawsuit as banks get spooked

Citi slashed Coinbase stock to neutral as an insider trading lawsuit against Brian Armstrong and Marc Andreessen was made public.

Ex-Coinbase employee guilty of insider trading asks for shorter sentence

Following in the footsteps of his brother, 32-year-old Ishan Wahi is asking to serve 10 months for insider trading at Coinbase.

Despite years of cheerleading for USDC alone, Coinbase wants to diversify into flatcoins and other stablecoins on its Ethereum Layer 2, Base.

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

An anonymous source claims Coinbase was about to bail out its partner Circle to bring stablecoin USDC back up to $1 during SVB’s bank-run.