Odaily News: The 17,733 BTC transferred by the U.S. government to Coinbase Prime is a custody arrangement rather than a sell signal. Of these, 12,267 BTC related to the Bitfinex hack remain under the custodian's control, with only approximately 1,200 BTC potentially being sold.

According to on-chain analyst Ember Monitoring, 3 Pump.fun team or early investor wallets (96HiV4...NKVWM9, ERRGqu...dukdNYa, 85WTuj...RqMD4ERS) transferred 1.458 billion PUMP to Coinbase Prime 5 hours ago, worth $7.58 million. These 3 wallets have an allocation of 70 billion PUMP, which has been unlocking since July. The 1.458 billion PUMP transferred to Coinbase Prime this time represents their unlocked amount for this month.

According to Odaily, Coinbase posted on X that Coinbase Advanced now has access to a new trading engine and offers VIP3 rates, free for the first 30 days.

Odaily reports: Bank of America (BofA) adjusted its price targets ahead of the three trading platforms' third-quarter earnings releases: raising Robinhood's price target from $140 to $156 while maintaining a "Buy" rating; raising Coinbase's price target from $174 to $203 while maintaining a "Buy" rating; and lowering eToro's price target from $46 to $39 while maintaining a "Neutral" rating. The market expects Robinhood's third-quarter revenue to be approximately $1.4 billion with earnings per share of $0.64; Coinbase's revenue to be approximately $1.77 billion with a loss per share of $0.20; and eToro's revenue to be approximately $203 million with earnings per share of $0.40.

Odaily News: Evernorth, a company focused on XRP treasury management, has completed its SPAC merger and plans to list on Nasdaq. The company currently holds approximately $672 million in XRP assets.Evernorth stated that it will increase its XRP holdings through lending, liquidity provision, and other yield strategies, and enhance the amount of XRP corresponding to each share.Additionally, Evernorth has appointed Hugo Jeandesboz, former Co-Chief Investment Officer at Coinbase Asset Management, as Chief Investment Officer, responsible for the company's investment strategy. (The Block)

Odaily: Brian Armstrong posted on X that with the Deribit integration complete, Coinbase's institutional platform capabilities have been further enhanced.

Odaily News: The Texas Business Court ruled on October 2 that the derivative lawsuit filed by shareholder Gary Guillaume against Coinbase directors was dismissed on the grounds that he failed to first submit a written demand to the board of directors. The court stated that the dismissal does not constitute a substantive ruling and made no determination regarding the alleged misconduct; although the substantive claims are assumed to be governed by Delaware law, the standing to sue is governed by Texas law. Coinbase CEO Brian Armstrong praised the precedent on October 9, saying it encourages more companies to incorporate in Texas.

Odaily reports: On-chain detective Specter posted on X platform stating that Serpin issued a token and conducted an ICO for a project that originally did not need a token, and had previously said it would not issue a token; the project remained inactive at TGE, with the token only listed on Coinbase with low liquidity, and not listed on exchanges such as MEXC or KuCoin. Specter stated that participants need to go through a lengthy verification process to recover 85% of their funds, and questioned why the project team does not fully refund participants for its own decisions and mistakes; the project was originally planned to conduct its TGE in September, but was later delayed.

Odaily News: According to Lookonchain monitoring, 3 wallets suspected to belong to the same whale deposited 2,903 ETH worth $7.22 million into Coinbase after being dormant for over 9 years. These wallets received the ETH at $9.9 nine years ago, and currently have a profit of $7.19 million, representing a 250x return.

Odaily: Coinbase and Gennius plan to provide users with access to the ONED stablecoin through Latin American banks, with the initiative set to launch first in Argentina. Under the plan, customers will be able to convert eligible deposits into ONED USD, enabling round-the-clock transfers and spending via Visa.