Coinbase sued the SEC and FDIC, accusing the agencies of denying information requests and coordinating efforts to restrict the crypto industry's access to banking services.
The German government transferred millions in seized Bitcoin to exchanges Kraken and Coinbase, which could signal plans to sell and introduce downward price pressure on Bitcoin.
Coinbase is listed as the custodian of reserves for 9 out of the 12 pending Spot Bitcoin ETF applications. This presents a massive risk of security issues due to over exposure to a single custodian.