Crypto

Row over claims Coinbase sells ETH to buy BTC widens as holdings reviewed

Coinbase engineering vice president Jesse Pollak pushed back against criticism that the company is selling large amounts of ether, saying its overall holdings and contributions to the Ethereum ecosystem should be considered. The debate centres on fees earned in ether by Base, Coinbase’s layer-2 network, and claims those proceeds are converted into other assets. Data cited in the report estimate Coinbase holds about 151,180 ETH, valued at about $256 million.

Crypto

Bitcoin, Ethereum ETF inflows return but Wintermute says bullish turn not yet

Inflows into U.S. spot bitcoin and ethereum ETFs have picked up again, but market maker Wintermute said it is too early to conclude the market has shifted into a full-fledged bull phase. It said sensitivity to economic data and policy variables remains high and that bitcoin has lagged equities despite broader risk-asset strength, suggesting selling may be offsetting ETF demand. Wintermute flagged upcoming U.S. inflation and spending data and key September policy and legislative dates as major catalysts.