Global #Coinbase

The data indicates a decline in Bitcoin selling pressure on the crypto exchange Coinbase, potentially paving the way for a temporary rebound.

Since the beginning of April, there has been a surge in the creation of new tokens, surpassing 1 million in total. Ethereum saw over 370,000 new tokens emerge, while Solana witnessed the launch of over 640,000 new tokens, primarily memecoins.

Coinbase, a United States-based cryptocurrency exchange, experienced a widespread system outage, rendering its services inaccessible for desktop and mobile users.

BlockFi, a centralized cryptocurrency lender, has recently closed its web platform and chosen Coinbase as its partner for facilitating customer fund withdrawals.

The U.S. Securities and Exchange Commission (SEC) has outright rejected cryptocurrency exchange Coinbase's request for an interlocutory appeal regarding the application of conventional securities regulations to digital assets.

Struggling crypto lender BlockFi revealed on Thursday its intention to shut down its web platform this month and has forged a partnership with Coinbase to facilitate the distribution of funds to its clients.