Coinbase CEO Brian Armstrong said on X that the crypto exchange had been targeted in a sophisticated extortion attempt involving insider collusion and customer data theft. Armstrong said hackers tried to bribe Coinbase’s overseas customer support agents for access to internal tools,

Revelation of the hack comes just three days after Coinbase's addition to the S&P 500 Index. Read more at straitstimes.com. Read more at straitstimes.com.

The cryptocurrency sector declined 4% on Thursday, with aggregate market capitalization hovering precariously above the $3.4 trillion mark. Top altcoins XRP, Solana and Cardano booked losses higher than the market average, with the more resilient performance of BTC and ETH signaled a flight-to-quality trade.

Institutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9. On May 9, Coinbase saw 9,739 Bitcoin (BTC),

Coinbase Global Inc., one of the largest US cryptocurrency exchanges, revealed it once considered a high-stakes Bitcoin buying strategy similar to that of Michael Saylor, the founder of Strategy.  However,

Coinbase joins the S&P 500, marking a milestone for Bitcoin, further highlighting Bitcoin’s strong performance, outperforming gold and the S&P 500 over the years.

Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.

Coinbase Global Inc., the largest US cryptocurrency exchange, will be added to the S&P 500 Index in the latest milestone for the booming digital-asset industry.

Coinbase joins the S&P 500, bringing nearly $1B in Bitcoin onto the world’s most tracked index—and marking a turning point for corporate Bitcoin treasury strategy.

Addentax Group Corp. (NASDAQ:ATXG), a China-based diversified business group, stock skyrocketed on Thursday after it announced plans to acquire up to $800 million in crypto via a share-based deal. The stock gave up its gains later.

A New York Times report has disclosed that the US Securities and Exchange Commission (SEC) is investigating Coinbase. The report published on May 15 stated that the SEC is investigating whether claims of having over 100 million users are misrepresentations.