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Mega 312,233 SOL Deposit Worth $75 Million Crashes Into Coinbase
Crypto Trends

Mega 312,233 SOL Deposit Worth $75 Million Crashes Into Coinbase

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A whale-sized move has just hit Solana (SOL), once again shifting attention back to order books. A total of 312,233 SOL, worth $75,156,559 at the spot price, was transferred to Coinbase Institutional, making it one of the largest individual Solana transactions of recent days and instantly triggering speculation across trading desks.

Whale Alert sounded the first alarm and Arkham confirmed the path: The funds were routed from a Coinbase Prime deposit to a Coinbase Prime hot wallet, with FalconX infrastructure visible in the transaction trail two days earlier, reinforcing the institutional footprint.

At $238 per SOL, this transaction cannot be ignored. This inflow is equivalent to weeks of typical retail flow compressed into a single transaction.

SOL/USDT by TradingView

Against this background, the significance of the transaction is even clearer: Solana has been on an aggressive climb in September, rising from $190 at the end of last month to reach $257.91 at the upper Bollinger Band, before settling in the $238 zone where buyers and sellers are now locked.

The chart is boxed in: $226 is the level that must hold, while $258 is the breakout number that could change market positioning in a matter of hours.

Bottom line

What this transfer means depends on its purpose. If it’s for distribution, then the $75 million held on Coinbase could quickly impact the order books.

However, if it is internal reshuffling or liquidity routing, the chart will remain in play, and the question will be whether bulls have the strength to force a clean push through the $258 ceiling and turn resistance into support.



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Coinbase guide sets record straight on new token listings
Crypto Trends

Coinbase exec addresses customer service backlash: ‘We know’

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In the wake of a massive data breach, Coinbase is taking swift action to restore trust with a comprehensive overhaul of its customer support operations.

Summary

  • Coinbase shares a 4-step strategy to fix poor customer support quality.
  • New tools and automation aim to reduce effort and improve live assistance.
  • Overhaul follows a major breach exposing data of 69,461 customers.

Senior Director Wes Griffith outlined four key initiatives aimed at addressing persistent user complaints and improving the overall experience for Coinbase customers.

The initiative comes as the exchange deals with fallout from a significant data breach affecting 69,461 customers.

Four-pillar strategy targets core support issues

Griffith shared the company’s approach to fixing customer support through four targeted initiatives.

The first approach focuses on preventing issues by addressing product problems early and removing roadblocks before they require customer contact. This approach aims to reduce the volume of support requests by addressing root causes.

We know customer support at Coinbase has been criticized. We hear you, we are consistently improving and want to bring you along the way.

Here’s how we’re making it happen:

1. Saving customers’ time by fixing product issues early and removing roadblocks before they turn into…

— Wes-G.eth 🛡️ (@jwesgriffith) September 19, 2025

The second pillar involves reducing customer effort through improved automation, including better APIs, enhanced knowledge base resources, and AI-powered support tools.

These upgrades aim to help users resolve issues independently without needing human assistance.

The third initiative addresses a major customer complaint by making it easier to reach human support representatives.

Coinbase is minimizing chatbot barriers that previously frustrated users trying to escalate issues beyond automated responses.

The final component focuses on improving live support quality when human interaction becomes necessary. The company has rolled out new tools to help support staff provide faster resolutions and higher-quality assistance in real-time conversations.

Griffith reported early positive results, with customer satisfaction scores hitting an all-time high in August, up 20% over the previous two months.

The company also reduced customer contact transfers to 10%. This means fewer users need to explain their issues multiple times to different representatives.

Coinbase data breach highlights support importance

The customer service improvements come as Coinbase deals with fallout from a major data breach affecting 69,461 customers.

Court documents revealed that Ashita Mishra, a TaskUs employee, planned a conspiracy involving photographing up to 200 customer records daily and selling the data to hackers for $200 per photograph.

The breach potentially cost Coinbase between $180 million and $400 million in remediation expenses and forced the company to terminate its relationship with TaskUs.

Mishra and his accomplices accumulated data from over 10,000 customers before their arrest. They also recruited other employees, including team leaders and operations managers.

In response, Coinbase terminated all involved TaskUs employees and established a new U.S.-based customer support hub.

CEO Brian Armstrong emphasized the dual approach to support improvements and stated the company is “improving products so fewer people need support, and providing a faster, higher quality experience when you do.”





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Coinbase CEO: 'Good Chance' Bitcoin Price Hits $1 Million
Crypto Trends

Coinbase CEO: ‘Good Chance’ Bitcoin Price Hits $1 Million

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Coinbase CEO Brian Armstrong has reiterated his prediction that Bitcoin could potentially surge to as high as $1 million during his recent interview with Fox Business. 

In fact, Armstrong believes there is a “good chance” that the flagship token reaches seven digits before 2030. 

As reported by U.Today, Armstrong initially predicted that BTC could reach $1 million in August, arguing that regulatory clarity in the US would be the main catalyst for its bull run. 

Once again, he has mentioned the Genius Act as well as the market structure legislation.  

Moreover, the U.S. holding Bitcoin would be a massive potential driver of demand, and it could potentially encourage other G20 countries to follow suit.

Lastly, Armstrong claims that plenty of institutional money is now flowing into Bitcoin. 

“So, there are a lot of positive tailwinds for Bitcoin,” he said, adding that lots of pools of capital still haven’t gotten access to the flagship cryptocurrency.  

Bitcoin’s ambidextrous nature 

Armstrong has compared Bitcoin to gold, noting that it is something that people might actually flee to in times of uncertainty.  

That said, he tends to view BTC as a “hybrid” of risk-on and risk-off assets. 

As reported by U.Today, gold bug Peter Schiff recently opined that Bitcoin investors bet on the wrong horse after both U.S. equities and precious metals rallied to record highs while Bitcoin remained basically flat. 

However, Armstrong claims that he does not want to be caught up in short-term trends. 

“What I try to do is to look at the long-term trends,” he told Fox Business. 



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GameFi Guides

Temporary ‘Boost’ from DeFi Lender Morpho Behind Elevated USDC Lending Rates for Coinbase Users

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In brief

  • Coinbase unveiled a lending product this week offering “competitive yields.”
  • DeFi lender Morpho is currently subsidizing those rates.
  • A Coinbase employee acknowledged that it’s a marketing tactic.

A lending product unveiled by Coinbase that offers up to 10.8% returns on USDC deposits is receiving a temporary boost from DeFi lender Morpho.

On X, Coinbase Head of Consumer and Business Products Max Branzburg said on Thursday that around 6% of the product’s returns stem from activity that takes place on Morpho’s platform, while an additional 5% is being “boosted” by the protocol itself.

In a statement to Decrypt, a Coinbase spokesperson confirmed that Morpho is currently augmenting the lending product’s returns, but it declined to say whether the arrangement was the product of a deal, or when the effective subsidy could end.

“While the interest rate always fluctuates and will climb or dip naturally over time, the current yield is elevated by the Morpho boost,” they said. “Morpho frequently deploys incentives to drive activity in their ecosystem, and this is part of that broader motion.”

Decrypt has reached out to Morpho for comment.

When Coinbase unveiled the lending product on Thursday, many people wondered where its competitive yields came from, whether through memes or posing the question directly. The intrigue, in many ways, is the product of contagion among crypto lenders in 2022.

The advertised return for Coinbase’s product is not nearly as eye-popping as the 20% returns once offered by Anchor Protocol before Terra’s ecosystem went belly up in 2022. As companies like Coinbase lean into on-chain lending products under crypto-friendly lenders, the pause among some onlookers indicates bad memories haven’t been entirely forgotten.

A blog post introducing Coinbase’s new lending product makes no mention of Morpho’s subsidy, which Branzburg acknowledged is for marketing purposes on X. A Coinbase spokesperson noted that the exchange has a help page explaining that Morpho’s lending rates can vary.

Morpho, which exists on Ethereum and Coinbase’s layer-2 scaling network Base, allows users to create markets for overcollateralized loans that are separate and customizable. For its product, Coinbase said that a firm called Steakhouse Financial is curating the “vaults” that users deposit funds into, or managing risk and allocating USDC to different markets.

Decrypt has reached out to Steakhouse for comment.

The only vault on Morpho tied to Stakehouse that exists Base had $24 million in USDC deposits on Friday, according to Morpho’s website. The vault offered an annual percentage yield of 5.87%, and is currently collecting a 25% performance fee.

The vault’s funds were supplied to markets for borrowing wrapped versions of Bitcoin and Ethereum, including Coinbase’s cbBTC and cbETH products, as well as WETH and wstETH. Over 98% percent of the vault’s funds were dedicated to the market for lending cbBTC.

The Coinbase spokesperson confirmed to Decrypt that the vault is tied to its product.



In a blog post, Morpho said Coinbase’s lending product dovetails with the exchange’s second rollout of crypto-backed loans earlier this year, which are also powered by the DeFi lender. (Coinbase stopped issuing crypto-backed loans under its Borrow service in May 2023, not long after receiving an enforcement threat from the SEC.)

“The two offerings complement each other perfectly: lenders provide liquidity that directly fuels crypto-backed loans,” Morpho said.

Coinbase users can already earn passive rewards on USDC held within their accounts, topping out at 4.5% APY for customers of its subscription-based membership. The dollar-pegged token is backed by cash and U.S. Treasuries, like most other stablecoins.

Several banking groups have called stablecoin rewards a “loophole” under legislation that was recently passed in the U.S., demanding that it be changed. Yet others see the prospect of yields as important for stablecoins to see adoption amid a competitive market.

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Coinbase CEO wants 50% of the platform written by AI
Crypto Trends

Coinbase launches onchain USDC lending with up to 10.8% APY

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Coinbase is deepening its decentralized finance push with the launch of onchain lending for USDC directly within its app.

Summary

  • Coinbase has unveiled onchain USDC lending with yields up to 10.8% APY.
  • Integration with Morpho on Base allocates funds across lending markets via smart contract wallets.
  • Rollout starts in select regions, expanding access to DeFi without leaving the Coinbase app.

Coinbase has rolled out an onchain lending feature for USDC, allowing users to earn yields as high as 10.8% directly through its app. 

The integration, announced on Sept. 18, connects to the Morpho (MORPHO) lending protocol on Base, Coinbase’s Layer 2 network. When a user deposits USD Coin (USDC), Coinbase automatically generates a smart contract wallet that routes funds into Morpho vaults curated by Steakhouse Financial.

To maximize profits, these vaults distribute capital among lending markets. Interest starts to accrue immediately, and as long as there is liquidity, users can withdraw at any moment.

Expanding USDC utility

The rollout builds on Coinbase’s existing USDC Rewards program, which currently offers up to 4.5% APY for holding the stablecoin. By tapping into permissionless markets via Morpho, the new service provides yields more than double those rewards while keeping the familiar Coinbase interface.

The feature is initially available to users in the U.S. (excluding New York State), Bermuda, Hong Kong, the United Arab Emirates, New Zealand, the Philippines, Taiwan, and South Korea. Coinbase said broader access will follow in the coming weeks.

Morpho currently secures more than $8 billion in total value locked, highlighting demand for decentralized lending. Through this integration, Coinbase will serve as a gateway to these markets, enabling retail users to access on-chain yields without having to deal directly with complex DeFi protocols.

Building a USDC utility ecosystem on Coinbase

In 2025, Coinbase has gradually increased the range of USDC-linked services it offers. It launched USDC loans backed by Bitcoin in January, later increasing the limit to $1 million. The exchange has also expanded USDC integrations into derivatives, NFTs, and even AI-driven payments, creating what it describes as a “flywheel” effect for adoption.

USDC is still one of the most liquid and extensively used stablecoins, with over $73 billion in circulation. Coinbase’s onchain lending feature adds another use case, strengthening its bet that stablecoins will anchor mainstream adoption of crypto finance.



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PayPal logo on iphone screen (Marques Thomas/Unsplash)
NFT Gaming

Coinbase Adds USDC Lending With Morpho and Steakhouse Financial

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U.S.-listed cryptocurrency exchange Coinbase (COIN) has rolled out a USDC lending product that allows its customers to earn yield directly from the exchange’s app, deepening its integration with decentralized finance (DeFi).

The feature is powered by Morpho, a protocol that routes deposits through curated “vaults” managed by Steakhouse Financial, according to a blogpost on Thursday

When users deposit USDC, their funds are lent out to borrowers — including those already tapping Coinbase’s crypto-backed loans secured by bitcoin. The interest borrowers pay generates returns for depositors, who can withdraw anytime without lockups.

Coinbase said the setup creates a flywheel effect where its lending and borrowing products reinforce each other. The launch follows more than $900 million in loans originated through Coinbase’s crypto-backed loan service. Together, the two offerings form what the company calls its first complete onchain lending and borrowing ecosystem.

By outsourcing the backend to Morpho’s smart contracts while keeping the Coinbase interface, the company is betting on what it calls the “DeFi mullet” approach: a familiar fintech user experience at the front, powered by open, decentralized infrastructure in the back.

For users, the product offers an easier way into decentralized lending markets without leaving Coinbase’s platform. For Morpho, it underscores the argument that the future of finance will be built on open networks, but accessed through trusted gateways.



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Coinbase Integrates Morpho to Offer Up to 10.8% USDC DeFi Yield
Crypto Trends

Coinbase Integrates Morpho to Offer Up to 10.8% USDC DeFi Yield

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Coinbase is rolling out a new way for users to earn yields on their USDC holdings, marking one of the exchange’s first large-scale integrations with decentralized finance (DeFi) at a time of accelerating stablecoin adoption.

The company announced Thursday that it is integrating the Morpho lending protocol, with vaults curated by DeFi advisory company Steakhouse Financial, directly into the Coinbase app. The move will allow users to lend USDC (USDC) without navigating third-party DeFi platforms or wallets.

Coinbase already pays up to 4.5% APY in rewards for holding USDC on its platform. With the new DeFi lending option, however, users can tap into onchain markets and potentially earn yields of up to 10.8% as of Wednesday, according to Coinbase.

“Coinbase is only integrated with one lending protocol (Morpho) for this offering,” a company spokesperson told Cointelegraph. “We recommend that users understand the risks of lending, which are outlined in the Coinbase app experience.”

Morpho ranks among the largest decentralized lending protocols in crypto, with more than $8.3 billion in total value locked (TVL), according to DefiLlama. The protocol’s dollar-denominated TVL has climbed sharply this year, reflecting growing demand for onchain lending.

Morpho TVL statistics. Source: DefiLlama 

The Morpho integration with Coinbase comes as more Americans express interest in using DeFi platforms amid a friendlier regulatory backdrop. A recent survey of 1,321 US adults conducted for lobbying group DeFi Education Fund found that 40% would be open to using such protocols if pending crypto legislation were enacted into law.

Among institutional circles, DeFi lending has jumped 72% year-to-date, according to Binance Research.

DeFi lending protocols, including Morpho, have experienced a significant surge among institutional investors. Source: Binance Research

Related: The intersection of DeFi and AI calls for transparent security

Stablecoin yield ban under fire as industry challenges perceived GENIUS Act loophole

DeFi lending for yield differs from simply earning passive interest on stablecoin holdings — a distinction that has become increasingly contentious since the passage of the US GENIUS Act, which explicitly bans yield-bearing stablecoins. 

In August, the Bank Policy Institute (BPI) — a lobbying group backed by major US banks — urged regulators to close what it described as a loophole that might permit exchanges or affiliates to provide yield through third-party partners.

Source: Bank Policy Institute

“Bank deposits are an important source of funding for banks to make loans, and money market funds are securities that make investments and subsequently offer yield. Payment stablecoins serve a different purpose, as they neither fund loans nor are regulated as securities,” BPI said in a statement. 

The pushback comes as stablecoin adoption accelerates, with circulating supply recently surpassing $300 billion, according to CoinMarketCap.

Coinbase, meanwhile, rejected claims that dollar-pegged stablecoins undermine traditional banking. “Stablecoins don’t threaten lending — they offer a competitive alternative to banks’ $187 billion annual swipe-fee windfall,” the exchange wrote in a Tuesday blog post.

Related: Crypto Biz: IPO fever, Ether wars and stablecoin showdowns



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Coinbase Ceo Calls Crypto Legislation A 'Freight Train' Push
Crypto Trends

Coinbase CEO Calls Crypto Legislation a ‘Freight Train’ Push

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Brian Armstrong, the CEO of Coinbase, expressed strong confidence this week about the advancement of legislation aimed at the market structure for digital assets in the cryptocurrency space. He noted that this legislation would protect all non-stablecoin crypto assets, such as Bitcoin and Ethereum. He compared the legislative process to a “freight train leaving the station,” emphasizing the strong support from both Democrats and Republicans in Congress. 

Armstrong, who met with US lawmakers from both parties over several days, shared his views in a video posted on X. “This is how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take your rights,” he said, referring to the current SEC chair’s enforcement-heavy approach to crypto.

He added that the lawmakers won’t allow the banking industry’s attempt to ban interest on stablecoins. In mid-August, banking groups said stablecoins that pay interest could harm traditional banks, which rely on high-interest savings accounts to attract deposits for funding loans. These groups tried to ban interest on stablecoins in the GENIUS Act but failed.

He further highlighted robust Senate support, noting that members across the aisle are eager to advance the draft bill. The legislation is currently in a back-and-forth refinement stage before broader public input from industry stakeholders. Senator Cynthia Lummis, R-Wyo., a leading proponent, predicted earlier this month that the bill could reach the U.S. President Donald Trump’s desk for signature by the year’s end.

The roundtable discussions drew executives from major crypto firms, including Ripple, Kraken, Circle, and Cardano, as well as venture capital players like Andreessen Horowitz (a16z), Paradigm, and Multicoin Capital. These sessions underscored growing momentum for structured oversight that balances innovation with consumer safeguards.

Kraken CEO urges bill to protect crypto builders

Kraken CEO Arjun Sethi emphasized the need to prioritize developers and innovators in the bill’s framework. During the talks, Sethi advocated for protections that extend to protocols, blockchains, memes, tokenized equities, and other utilities. 

“Thank you to everyone in DC fighting for crypto’s future. But the real fight is bigger: protecting the right to build protocols, chains, memes, tokenized equities, commodities, utilities, etc., and ensuring incentives stay with the builders, not just incumbents,” he posted on X.

Momentum builds for bitcoin reserve 

Separately, momentum is building around a proposed national bitcoin reserve. On Tuesday, August 16, 2025, 18 crypto leaders, including MicroStrategy Executive Chairman Michael Saylor, met U.S. lawmakers and had a productive meeting to talk about creating a national Bitcoin reserve backed by the Trump administration at Capitol Hill. 

They discussed the BITCOIN Act, a proposal from Senator Cynthia Lummis, which aims to have the U.S. government buy one million Bitcoin over five years without adding to the national budget. 

To fund this, they suggested ideas like revaluing the Treasury’s gold certificates or using money from tariffs. These efforts indicate the crypto industry’s push to grow in the U.S. while competing globally. 

Lawmakers are working more closely with the industry, which is a positive change, but the bill still needs to pass through committees and votes to become law. For now, crypto leaders see these discussions as an important step forward.

Also Read: UK FCA to Relax Crypto Rules, Boost Cyber Laws: FT



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Coinbase CEO Says Clarity Act Is A Freight Train Leaving The Station
Crypto Trends

Coinbase CEO Says Clarity Act Is A Freight Train Leaving The Station

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Coinbase CEO Brian Armstrong says that critical legislation to advance crypto in the US has “a good chance of getting done” after witnessing strong bipartisan support for the crypto market structure bill this week. 

The Digital Asset Market Clarity Act seeks to clarify the roles of the Securities and Exchange Commission, the Commodity Futures Trading Commission and other financial agencies that regulate the crypto market, especially non-stablecoins such as tokenized stocks.

After meeting with lawmakers over the last few days, Coinbase CEO Brian Armstrong said: “This is how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take your rights.”

“The Senate is strongly supportive of getting this done; the members I met with on both sides of the aisle are ready to get this legislation passed,” Armstrong said in a video posted to X, noting that the draft bill is being exchanged back and forth before it heads to the industry participants for public input.

“I think this has a good chance of getting done, I’ve actually never been more bullish on the market structure [bill] getting passed, it’s a freight train leaving the station.”

I was in DC the last few days working to get MARKET STRUCTURE legislation passed for crypto. This is how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take your… pic.twitter.com/UqCH8jCNU8

— Brian Armstrong (@brian_armstrong) September 18, 2025

Senator Cynthia Lummis predicted earlier this month that the CLARITY Act would get to President Donald Trump’s desk to sign before the end of the year.

Among the other crypto representatives reportedly in attendance were executives from Ripple, Kraken, Circle, Cardano and tech-focused venture capital firms a16z, Paradigm and Multicoin Capital.

The bill should prioritize protecting builders: Kraken boss

Kraken CEO Arjun Sethi said his contributions in the roundtable discussion focused on how the market structure bill can support crypto products and services in a way that benefits its builders as a priority. 

“Thank you to everyone in DC fighting for crypto’s future. But the real fight is bigger: protecting the right to build protocols, chains, memes, tokenized equities, commodities, utilities, etc. and ensuring incentives stay with the builders, not just incumbents.”

Armstrong also added that lawmakers won’t allow the banking industry’s attempt to ban interest on stablecoins. In mid-August, several banking groups warned that yield-bearing stablecoins could threaten the traditional banking model, which depends on attracting deposits with high-interest savings products to fund loans.

The banking groups already tried to ban interest on stablecoins in the GENIUS Act, but weren’t successful, Armstrong noted.

Bitcoin reserve bill is also gaining momentum

It appears to have been a productive week on Capitol Hill. 

US lawmakers also met on Monday with 18 Bitcoin leaders, including Strategy chairman Michael Saylor, to discuss how Congress can move forward with the Trump administration’s Strategic Bitcoin Reserve.

Related: SEC, Gemini Trust reach agreement over crypto lending dispute

Saylor and his peers pitched ideas as to how the Cynthia Lummis-sponsored BITCOIN Act can be passed, and see the US government acquire one million Bitcoin over the next five years through budget-neutral strategies. 

Among the budget-neutral strategies that have been floated so far are the reevaluation of the Treasury’s gold certificates and tariff revenue.

Magazine: Astrology could make you a better crypto trader: It has been foretold





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