News · econotimes.com

Coinbase Bitcoin ( BTC ) Discount Narrows as Prime Volume Falls 32 %

Bitcoin remained cheaper on Coinbase than on Binance on Saturday, with CryptoQuant's Coinbase premium at -0.13% on Oct. 24, slightly narrower than -0.14% on Oct. 23. Coinbase Prime's Bitcoin volume fell about 32% to 4,959.79 BTC on Oct. 23 from 7,296.83 BTC a day earlier, though this total combines purchases and sales and does not show whether clients bought more than they sold. CFTC data showed leveraged funds held 10,408 short and 5,466 long CME contracts as of Oct. 20, and since the figures are released weekly they may not reflect current market conditions. Other readings cited include a VIX of 19.45 on Oct. 23 and a 10-year U.S. Treasury yield of 4.96% on Oct. 22.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Coinbase Bitcoin ( BTC ) Discount Narrows as Prime Volume Falls 32 %

Read the original on econotimes.com ↗

Keywords

bitcoincryptoCoinbasebonds

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

▼ Likely negative

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/23/202681,189.43
Change that session-0.28%
BTC/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • The Coinbase allegations expose Bitcoin's corporate governance gap

    Onramp CEO Michael Tanguma argues that corporate bitcoin adoption will stall until companies can show who controls the funds, who approves transfers and whether the assets still exist. BlockTower Capital founder Ari Paul accused Coinbase of losing roughly $25 million of his firm's assets and concealing more than $1 billion in hacks across a dozen institutions; Coinbase denies this, and Paul says ongoing litigation prevents him from publishing his evidence, so outsiders cannot verify either claim. Unlike corporate bank or brokerage accounts, bitcoin often sits behind a single exchange login or hardware wallet, as when QuadrigaCX's CEO died in 2018 holding the only keys and about $190 million in customer assets was lost. A Deloitte survey of 200 CFOs found that the complexity of accounting and controls held back 42% of respondents, while more than 360 physical attacks on holders have been logged since 2014. The author argues that multisignature custody, native to bitcoin's protocol, can distribute risk instead of concentrating it in one person or company.

    CoinDesk·▼ BTC/USDTcryptobitcoinCoinbase
  • CME vs. Coinbase Global: Which Financial Stock Is a Better Buy in 2026?

    The article compares CME Group, the world's largest derivatives marketplace, with Coinbase Global, a major crypto trading platform, for 2026 investors. CME reported fiscal 2025 revenue of nearly $6.5 billion, up 6.4%, a net margin of 62%, free cash flow of about $4.2 billion, and a debt-to-equity ratio near 0.1. Coinbase reported revenue of nearly $7.2 billion, up 9.4%, but a net margin of nearly 17.6% on net income of roughly $1.3 billion, with free cash flow of nearly $2.4 billion and a debt-to-equity ratio of about 0.5. The article notes that stock-based compensation was 34.6% of Coinbase's operating cash flow versus 2.2% at CME. It outlines differing risks: intense exchange competition and global regulation for CME, and regulatory uncertainty and revenue concentration in Bitcoin and Ethereum for Coinbase.

    aol.com·cryptobitcoinCoinbase
  • Quantum could end bitcoin — or not. Here's why not to panic.

    Coinbase said this week it is working on preparing Bitcoin for post-quantum readiness. Google Quantum AI said it demonstrated magic state cultivation, which could be a practical solution to one of quantum computing's most severe bottlenecks. The host argues quantum is a small issue that will likely be addressed in time, and does not place it in the same category as fears that AI will destroy humanity.

    Yahoo Finance·▼ BTC/USDTbitcoincryptoquantum computing
  • 'It Can Take Years': Coinbase Presses for Bitcoin Quantum Migration to Start Now

    Coinbase, which says it custodies roughly 5% of all Bitcoin, urged developers to start preparing for the quantum threat now, warning that consensus changes and migration “can take years.” It set out technical requirements, including a flexible “container” design such as BIP-360, a staged “1-of-2” spending path that allows either a classical or quantum-safe key, and compatibility with the multi-party computation custodians use. The exchange said dormant, lost and Satoshi-era coins should be treated as a separate governance problem, and that any rescue mechanism must itself be quantum-safe. The push builds on Coinbase's quantum advisory board formed in January and its July membership in a Bitcoin Security Consortium with BlackRock and Strategy, which pledged a combined $15 million toward quantum-proofing Bitcoin.

    Decrypt·• BTC/USDTbitcoincryptoCoinbase
  • Coinbase, which holds 5% of all bitcoin, wants the quantum fix started now

    Coinbase, which holds about 5% of all bitcoin in existence for clients including banks, asset managers and hedge funds, says Bitcoin should start preparing now for quantum computers. Google researchers cited in the article say a cryptographically relevant quantum computer could exist by 2029 and could derive private keys from public keys to drain vulnerable wallets. Coinbase recommends flexible post-quantum signatures, staged adoption, reliable implementations, and systems that serve both individual users and institutions using multiparty security. It argues that dormant or late-migrating wallets should be handled separately so they do not delay broader protections. Coinbase notes that Bitcoin consensus changes and ecosystem migrations can take years, so the work must start well before any such machine is announced.

    CoinDesk·• BTC/USDTCoinbasebitcoincrypto
  • Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower

    Bitcoin extended daily losses to 3% and traded below $82,000 as US stocks fell after President Donald Trump said the US was “not negotiating” with Iran and reiterated the possibility of new military action. BTC/USD hit $81,256 on Bitstamp, down 2.9%, while at the open the S&P 500 fell 1.3% and the Nasdaq Composite lost 2.3%. Treasuries benefited from the risk-off mood, with the US 10-year yield approaching 5% and slipping to its lowest level since Sept. 23. Bitfinex Alpha analysts expect BTC/USD to trade between $81,300 and $84,400 until the Federal Reserve's Oct. 28 meeting, with a close below $81,300 raising the risk of a move toward the Oct. 15 low of $79,821. Kalshi traders have cut the odds of new all-time highs by mid-January 2027 to just 3%.

    Cointelegraph·▼ BTC/USDT▼ QQQ▼ SPY▼ ETH/USDTbitcoincryptoDonald Trump

Related markets

Crypto →

Latest news

  • Grayscale's New Zcash ETF Has Gathered $1 Billion in Assets in Just 30 Days. Here's Why Investors Are So Bullish on Zcash.

    ZEC is up 149% year to date as of Oct. 22, while most major cryptocurrencies have lost value in 2026. Grayscale launched its Zcash ETF (ZCSH) on Aug. 25 and gathered more than $1 billion in its first 30 trading days. The bullish case rests on demand for financial privacy: about 29% of ZEC is now held in shielded addresses, up from about 12% at the start of 2025, and supply is capped at 21 million ZEC. Risks include use of Zcash to launder stolen funds in September and October, possible regulatory scrutiny, and a critical Orchard pool vulnerability disclosed in June that has since been patched. The author argues the ETF's 2.5% management fee ($25 per year per $1,000 invested) is a sizable premium over purchasing ZEC directly through an exchange, and says ZEC is highly volatile and should be only a small portfolio position.

    Yahoo Finance·▲ ZEC/USDTcryptoETFZEC
  • Meet Wall Street's Newest Major Stock Split: It Has Soared 1,730% Since Its 2012 IPO, and There Is Plenty of Upside Left

    Meta Platforms announced a stock split with its third-quarter results, creating a non-voting Class C stock with one new share for each existing share, which the company says will help raise capital without diluting CEO Mark Zuckerberg's voting control. Revenue rose 26% year over year to $64.6 billion and EPS reached $3.83, up 265%, while operating income fell 37% to about $13 billion because of a $9.89 billion legal charge; excluding that charge, it would have risen 11%. The charge relates to a settlement of up to $18 billion over 10 years with a bipartisan group of state attorneys general over lawsuits about harm from its social media platforms. Daily active people rose 3% to 3.64 billion, and more than 10 million people in the U.S. and Canada have set up the Muse AI agent, with about 25% using it on any given day. The article says Meta's AI push could diversify its revenue, though its core advertising business still generates most of it.

    Yahoo Finance·METAearningsartificial intelligence
  • Chamath: “$0.70-75 of Every Dollar” of AI Spend Is VC Money. The Real Winners Are Already Publicly Traded

    Social Capital founder Chamath Palihapitiya estimates that 70 to 75 cents of every dollar spent on AI right now comes from AI companies that are unprofitable and funded by venture capital, since 1% of companies account for 90% of AI spending and 80% of that comes from unprofitable VC-backed firms. Much of that money goes to renting compute from Microsoft, Amazon and Alphabet. Steve Eisman says about 70% of the hyperscalers' AI revenue comes from Anthropic and OpenAI, and Citadel founder Ken Griffin has said he thinks AI is a bubble. Amazon's capital spending rose from $52.7 billion in 2023 to $132 billion in 2025, and Alphabet's from $32.3 billion to $91.5 billion. The author argues that the bubble risk sits with the AI labs, while Microsoft, Amazon and Alphabet are already public and profitable, and says next week's earnings reports will test whether cloud growth holds up.

    Yahoo Finance·▲ NVDA• MSFTartificial intelligenceAI investmentventure capital
  • Amazon’s AWS Has Already Sold “a Good Chunk” of 2028 Capacity

    On an Andreessen Horowitz podcast on Oct. 23, 2026, Amazon CEO Andy Jassy said AWS capacity for 2027 is largely sold out and a good chunk of 2028 is sold as well, though Amazon has not disclosed the contracted capacity or backlog figures behind the phrase. AWS revenue rose 37% to $42.2 billion in Q2 2026, and Amazon has disclosed more than $225 billion in future Trainium revenue commitments. However, Amazon plans to spend about $220 billion on capex in 2026, trailing 12-month free cash flow was a $7.6 billion outflow, and much of the booked capacity goes to AI labs whose long commitments could be renegotiated if their funding tightens. Amazon closed at $248.00 on Oct. 23, with a market cap of about $2.68 trillion, and its Q3 report is due Oct. 29, 2026.

    Yahoo Finance·▲ AMZNcloud computingdata centersartificial intelligence
  • 1 , 318 Micron Technology , Inc . $MU Shares Bought by Lake Street Private Wealth LLC

    Lake Street Private Wealth LLC raised its stake in Micron Technology (NASDAQ:MU) by 43.4% in the third quarter, to 4,352 shares worth $4,635,000, according to its 13F filing. MU opened at $877.55 on Friday, below its 12-month high of $1,255.00, with a market capitalization of $992.88 billion. For the latest quarter, Micron reported EPS of $33.42 versus a $31.77 consensus and revenue of $54.23 billion versus $51.33 billion, up 379.1% year over year. Erste Group raised its FY2028 EPS forecast to $201.26 from $199.05 and maintained a Buy rating, while the filings show extensive insider selling.

    tickerreport.com·Micronsemiconductorsearnings
  • Precedent Wealth Partners LLC Acquires 1 , 116 Shares of Invesco QQQ $QQQ

    Precedent Wealth Partners LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 87.6% in the third quarter, according to a 13F filing with the SEC, bringing its holdings to 2,390 shares worth $1,768,000. Institutional investors hold 44.58% of the fund, and QQQ opened at $704.40 on Friday, within a 1-year range of $555.60 to $762.86. The latest quarterly dividend was $0.7514 per share, or $3.01 annualized with a 0.4% yield, down from the previous $0.8135. Technology stocks led a Nasdaq rebound, but QQQ faced pressure from renewed worries that massive AI capital expenditures may not generate adequate returns.

    themarketsdaily.com·QQQNasdaqETF

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.