Coinbase status: access issues and outage reports

Problems in the last 24 hours

The graph below depicts the number of Coinbase reports received over the last 24 hours by time of day. When the number of reports exceeds the baseline, represented by the red line, an outage is determined.

Most Reported Problems

The following are the most recent problems reported by Coinbase users through our website.

• Transactions (50%)
• Withdrawals (50%)

Live Outage Map

The most recent Coinbase outage reports came from the following cities:

City	Problem Type	Report Time
Paris	Withdrawals	2 months ago
Le Taillan-Médoc	Transactions	2 months ago
Leipzig	Transactions	3 months ago
Maquoketa	Website	3 months ago
West Liberty	Login	4 months ago
Houston	Mobile App	4 months ago

Full Outage Map

Community Discussion

Tips? Frustrations? Share them here. Useful comments include a description of the problem, city and postal code.

Beware of "support numbers" or "recovery" accounts that might be posted below. Make sure to report and downvote those comments. Avoid posting your personal information.

Coinbase Issues Reports

Latest outage, problems and issue reports in social media:

• 
  Harrison Lane (@harrylane_0) reported 1 minute ago

  Webull added crypto in Canada through Coinbase. Stocks, ETFs, options, now digital assets. I'll probably forget I have a Webull account until 2028, log in, and find I somehow bought a memecoin tied to a hockey mascot.

• 
  Cloud1992 (@Cloud_1992_) reported 3 minutes ago

  @JohannKerbrat I hope you support Ethereum publicly more than Coinbase does.

• 
  EV_Trapper (@EV_Trapper) reported 3 minutes ago

  Bitcoin has been around for a lot longer than the altcoins, but they have over twice as much funding & investment as Bitcoin does. As somebody who basically took a 10 year break, it feels that way as well, don't get me wrong there have been some incredible breakthroughs, but it's not enough. America has only an 18% adoption rate for ANY crypto. Over 60% think that cryptocurrency is a scam and it's no surprise why they think that honestly. We have let the enemy overtake our position in spending power & altcoins like ZTRASH are literally paying the hardware wallet companies to accept their coin. They will claim it's for development purposes, but we all know what that means. Trezor, Ledger & OneKey are all working against Bitcoin because they are accepting money from altcoins like ZTRASH for their wallet to accept them. Coinbase is doing everything they can to invest heavily in altcoins. There are also other companies who are double dipping in terms of investing in Bitcoin & then turning around to invest in Ethereum. The most egregious finding is the lack of investment from the big dogs of the Bitcoin community. There are some really great investors out there & companies who have been investing. There is also the issue of some existing companies that got funding who are charging way too much for their product & haven't a counter-adoption impact. In my estimate the Bitcoin community only has 25% of the infrastructure, tools, mechanisms in order for the Bitcoin ecosystem to thrive. Some companies have never made an investment back into the Bitcoin ecosystem & remember any investment made into Bitcoin only helps us all out!

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 7 minutes ago

  ISHARES BITCOIN TRUST $IBIT SHED $201M OF BITCOIN YESTERDAY. NOBODY THERE DECIDED TO: iShares Bitcoin Trust IBIT at $43.80, +$0.04 / +0.09% today. Yesterday $201.2M walked out of it - 85% of the entire $236.5M that left every US spot bitcoin fund put together. No manager chose that figure. A spot ETF is a fund that holds the real coin in storage and cuts the pile into shares that trade in an ordinary brokerage account. It has no opinion. When more holders sell shares than buy them, the fund shrinks and coin leaves the vault to match. The figure people read as a verdict on bitcoin is closer to a headcount of who stayed. WHERE THE COINS ARE - Bitcoin, ticker BTC: $77,394, -0.12% over the past 24 hours - Ethereum, ticker ETH, the second largest: $2,395, -1.45% Bitcoin barely moved overnight. The money did. THE MONTH, AND THEN THE TURN August was a strong stretch: $3.5B of net new money into these funds across 21 trading days, 16 days in against 5 out. Then the last week, all US spot bitcoin funds together: - Aug 24-27, four days in a row: +$337.6M, +$314.4M, +$232.1M, +$242.2M - Aug 28: -$201.8M. Aug 31: +$216.7M. Sep 1: -$236.5M This one trust took $205.9M of that August 31 inflow - 95% of it - and produced $201.2M of yesterday's outflow, 85%. On August 27 it took in $277.6M while the whole group took $242.2M, meaning its rivals were losing money underneath a green headline. One fund is not part of the flow figure. It very nearly is the flow figure. THE SPLIT NOBODY EXPECTS Same session, opposite direction next door. US spot ether funds took IN $10.95M on September 1, a twelfth straight day of money arriving - and ether is the one down harder today. The difference is that ether can be put to work. Staking means locking coins up to help run the network and being paid a small return for it; about 34% of all ether, roughly 41M coins, is locked that way. Since January 5, US funds have been permitted to pass those rewards on to shareholders. Bitcoin has no equivalent. A bitcoin fund can only hold. An ether fund can now earn. WHY BOTH ARE SOFT Bitcoin pays nothing, ever, so it competes with whatever safe money pays - and the 10-year Treasury yield, what the US government pays to borrow for a decade, touched 4.814% today, its highest since November 2023. At 8:15am ET, ADP Research put August hiring at private US employers at +38,000 jobs against about 47,000 expected, July revised to +46,000 - the slowest since January. Soft hiring normally argues for cheaper money. Not this week: interest-rate futures put the odds of a quarter-point rate INCREASE at the Federal Reserve's September 15-16 meeting near 66%. ONE COMPANY OWNS MORE BITCOIN THAN THE BIGGEST FUND DOES Strategy, formerly MicroStrategy, ticker MSTR, at $122.55, -$2.33 / -1.87%. The Tysons Corner, Virginia company, 1,539 staff, borrows money and issues shares to buy bitcoin and hold it. It owns 845,050 coins. The trust at the top of this page holds 779,840 - so one company holds 65,210 more bitcoin than the largest bitcoin fund in the world. At this morning's price those coins are worth $65.40B. The whole company is worth $47.08B - market cap, the share price times every share in existence. The shares are priced near 72 cents for every dollar of bitcoin the business owns. That is not free bitcoin. Lenders and preferred shareholders - a class of stock paid ahead of ordinary shares - stand in front of common holders, and adding those claims back puts the whole enterprise a little ABOVE the coins, not below. Where the money actually goes: in the week to August 30 the company sold 4,531,421 of its own shares for $602.8M and split it four ways - $369.7M on 4,603 bitcoin at an average $80,318, $151.8M buying back its own preferred stock, $50.7M paying preferred dividends, $30.0M to cash. Only 61 cents of every dollar raised reached a coin. THE FEE COLLECTOR Coinbase, ticker COIN, at $176.01, -$0.81 / -0.46%. The New York company runs the largest US crypto exchange, employs 4,951 and is worth $46.42B. In the June quarter, reported July 30, subscriptions, custody and interest brought in $555M - 48% of net revenue, the money coming in the door, from 29% at the end of 2024. Nearly half its income no longer waits for anybody to press a button. WHERE THESE SIT The fund cannot be a Len5 pick at all. All six weigh a business, and a pile of coins has no sales, no customers, and nobody who can fix a bad year. Coinbase and Strategy carry none of the six, and one fact does most of it: both ended the last twelve months in a loss, so the two value styles and the two growth styles have no profit to set anything against. Momentum watches a company climbing on news of its own, and both are lower today on somebody else's. Neither pays a common dividend, which settles Income. WHAT WOULD CHANGE COINBASE: that 48% growing into a profitable year, giving a style something other than the coin to price. WHAT WOULD CHANGE STRATEGY: the preferred stock costing less each quarter than the shares sold to pay it. WHERE THIS BREAKS Crypto is volatile and speculative, and nothing here forecasts a price. One day of flows is one day - this same group was positive on 16 of August's 21 sessions. Every share price above is a live mark with hours left to trade. Friday at 8:30am ET the Bureau of Labor Statistics publishes the August employment report - the government's own count of jobs added or lost, plus the unemployment rate - after July LOST 23,000 jobs at 4.1%. It regularly disagrees with the private count. US markets are shut Monday, September 7. A fund with no opinion produced the loudest number in crypto yesterday. It did it the way a turnstile produces a number - by counting people on their way out. Nobody at the trust gets to forecast the next reading. It is whatever its own holders do between now and four o'clock. Not investment advice.

• 
  Sarcastinator.hl (@Not_A_De_Gen) reported 7 minutes ago

  do we think coinbase is broken now?

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 8 minutes ago

  ISHARES BITCOIN TRUST $IBIT LOST $201 MILLION ON TUESDAY - 85 CENTS OF EVERY DOLLAR THAT LEFT: iShares Bitcoin Trust IBIT at $43.39 (premarket), -$0.37 / -0.85% from Tuesday's $43.76 close. Investors pulled a net $201.18M out of it on September 1 - about 85% of the $236.5M that left every US spot bitcoin fund put together, and the group's heaviest single day since July 31. Set that against the fund itself, which is worth about $60.05B. Market value, or market cap, is the share price times every share in existence, and here it is simply what the coin in the vault comes to. The worst day in five weeks moved a third of one percent of it. The two largest coins right now: Bitcoin, ticker BTC, at $76,614, -1.48% over the past 24 hours. Ethereum, ticker ETH, the second largest, at $2,372, -3.16%. Ether is falling more than twice as fast. WHAT AN OUTFLOW ACTUALLY IS A spot ETF is a fund that holds the real coin in storage and cuts the pile into shares that trade in an ordinary brokerage account - the shares stand on actual bitcoin, not on a bet about the price. The number of those shares is not fixed. Large trading firms create new ones by delivering bitcoin to the fund, and cancel them by handing shares back and taking coin out. So a flow figure is not a price and not an opinion poll. It is the vault getting bigger or smaller. The arithmetic behind the quote: 779,839.7 bitcoin sat in that vault on September 1, against about 1.372B shares - roughly 0.00057 bitcoin behind every share, about $43.50 worth at this morning's coin price. The fee is 0.25% a year, taken in bitcoin, so a share stands on slightly less coin each year. AUGUST WAS THE BEST MONTH OF THE YEAR AND THE YEAR IS STILL NEGATIVE - August: +$3.52B into US spot bitcoin funds, the strongest month of 2026, with money arriving on 16 of 21 trading days - Bitcoin rose about 25% that month, its best since November 2024. July, for scale: +$172M - After all of it, 2026 still stands at a net -$1.77B for these funds January through June is why: -$5.4B, the worst half-year on record for the group, June alone near -$4.5B. The strongest month in almost two years clawed back about two thirds of one bad half and left the year in a hole. That is the frame for Tuesday. One day of $201.18M is small; the run it belongs to is not. THE ETHER FUNDS WENT THE OTHER WAY ON THE SAME DAY US spot ether funds took in $10.95M on September 1, a twelfth straight day of inflows, in the very session bitcoin's funds had their worst day since July. Then ether fell more than twice as hard as bitcoin anyway. Both are true: $10.95M is a rounding error against a market trading every hour in every country, and a US flow figure only counts one country's office hours. WHAT PUSHED BOTH DOWN The return on safe money. Neither coin pays interest, a dividend or rent, ever, so each competes with whatever a government bond pays for taking no risk. Raise that, and the thing paying nothing gets marked down first. The 10-year Treasury yield - what the US government pays to borrow for a decade - was about 4.79% Tuesday, the highest since January 2025. Bets on interest-rate futures put the odds of a quarter-point rate INCREASE at the Federal Reserve's September 15-16 meeting near 66%, from roughly 36% before Chair Kevin Warsh called inflation too high on August 28. Underneath sits a slower pull: buying rotated into AI-linked shares through the first half, which is much of why these funds had their worst six months on record. THE OTHER TWO WAYS IN - Coinbase at $173.74 (premarket), -$3.08 / -1.74% from Tuesday's $176.82 close. The New York company runs an exchange and stores coins for other people, 4,951 staff. It is paid when people trade, so a violent session is not automatically a bad one for its revenue. - Strategy, formerly MicroStrategy, at $122.14 (premarket), -$2.74 / -2.19% from $124.88. The Tysons Corner, Virginia company borrowed money to buy bitcoin and hold it, 1,539 staff, software business attached. Its exposure includes the cost of that borrowing - the rate story above, arriving twice. WHERE THESE SIT The fund is outside all six Len5es by construction. Each of them weighs a business, and a vault has no customers, no sales, and nobody who can fix a bad year. Coinbase and Strategy are on none of the six either, and one fact does most of that: each ended the last twelve months in a loss. Quality-Value wants a durable business at a fair price, Deep-Value and Special-Situations one priced under what it looks worth, Growth and Hypergrowth expansion priced sensibly. All four need a profit to set against, so all four stop on a missing number rather than a high one. WHAT WOULD CHANGE THEM: a profitable year at Coinbase, or profit earned by Strategy's software rather than by the coin it holds. Momentum watches a company already climbing on news of its own, and 56.8% and 66.6% under their October 2025 highs is the wrong shape; retaking those highs on their own quarterly figures is the change. Neither pays a dividend, which settles Income. WHERE THIS BREAKS Crypto is volatile and speculative, and nothing here forecasts a price. All three prices above are premarket marks set by very few orders; none of the three had a real price between 4:00pm and 9:30am. Supply is the settled half. Bitcoin's next halving - the scheduled moment the new coin paid to the computers that process transactions gets cut in half, roughly every four years - is dated around April 17, 2028 and was published years ahead. Everything arguing over this morning's price sits on the demand side. Demand has dates. Today at 8:15am ET, ADP Research publishes its August count of jobs added or lost at private employers, after July's +44,000, the weakest in six months. Friday at 8:30am, the Bureau of Labor Statistics publishes the August employment report - the government count of jobs added or lost, plus the unemployment rate - after July LOST 23,000 jobs at 4.1%. The Federal Reserve answers September 16, and US markets are shut Monday, September 7. Tuesday's flow figure only reached the public this morning, a day after the money moved, and the coin has traded every hour since without waiting for it. That is where a flow number honestly sits: a receipt for a day already over. Not investment advice.

• 
  Troll to 0 (@GetTrolled69_) reported 8 minutes ago

  What’s left of solana:5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2 now? It already went to ATH when it got listed on coinbase and got ip rights What’s the catalyst now? That it has ip rights? No one gives a ****. It’s been over a year and all they’ve done is make ****** merch

• 
  Cao (@CaoLinSan) reported 11 minutes ago

  @vladtenev @CryptoGodJohn Can you airdrop down bad Coinbase stock holders some RH Monopoly Money so we can also play in your chain?

• 
  Net-Updates by StabilityTest (@stabilitystatus) reported 16 minutes ago

  Coinbase Service Disruption Some customers may experience degraded performance when viewing derivative positions. Our team is investigating and will pro… Status: Investigating Impact: Minor Updated: 3:23 AM GMT+0000 Service status tracked by @stabilitytestio #Coinbase #Outage

• 
  BSCN (@BSCNews) reported 16 minutes ago

  Coinbase Launches Regulated Crypto Derivatives Trading In Canada @Coinbase officially expands its service suite in Canada, offering regulated crypto derivatives to eligible investors. This rollout marks the first time a registered digital asset exchange has been authorized to offer perpetual futures and options in Canada, providing a compliant alternative to offshore platforms.

• 
  Chris Navigato Sr. (@cnavigato) reported 21 minutes ago

  @RVanGrack @coinbase @a2xai Legacy minions are not going to help your WOKE sOOn BROKE company. The regulatory capture financial slave trade industry is going, Going, GOING, G-O-N-E.

• 
  Alicant (@Alicant0x) reported 21 minutes ago

  There won’t be a Base drop in 2026. The official line is still “beginning to explore a network token.” No date, no supply, no checker. Meanwhile they shipped B20, tokenized stocks, wrappers, payments, agents, and $4k creator grants to talk about it. Coinbase is a public US company. A Base token is a lawyer problem, not a Q4 surprise. The 97% bars keep the replies on $BASE. The follow-up is always stocks or an app note. Polymarket has this year around 14% and 2027 around 57%. Use the rails if they help. Don’t wait on the progress bar. #Base

• 
  brian combs (@gunnarlee23) reported 25 minutes ago

  @fomo Can someone please help me...I withdrew used on my fomo account and sent it to my coinbase account and haven't received the funds. I am not a noob and did everything correctly. Can someone from @fomo please help me. I have emailed and haven't gotten a response

• 
  Al (@Al46614154) reported 25 minutes ago

  @BIoodTitheAryan @CoinbaseMarkets Some poor guy just bought in 40k usd, placed sale orders in the same price. The price goes higher in other exchanges while coinbase isn’t buying it back from him. All they know is sale and manipulating prices down. If I was him I would withdraw the coins and sale in other exchang

• 
  Web Developer (@shisir_upreti) reported 31 minutes ago

  You guys Tell why base dead? Let me tell you before basecat liting on cb the pons launchpad use the fees to pump there token after that whale buys the cash cat both hit Milly. So they cooked basecat and after listing basecat on cb. All goes shut down @cobie @jessepollak @coinbase

• 
  mleejr (@MLeeJr) reported 36 minutes ago

  @seyong @fomo now over $80k on fomo @seyong 🫡 buying and holding this coin for months and months and months up down 90 up again down 80 up up down down up listed on coinbase up up down again back up a little thousands of us still here ill be the fomo example of buy and hold can make the top of leaderboard too plus moonpay sent the grok has money tweet yesterday did 100k impressions so easy 🤝

• 
  Jeztoshi (@cryptojezuz) reported 41 minutes ago

  $TROLL down 1.3% today while Solana bleeds and the normie funnel Robinhood just opened sits completely unused. The irony is perfect. They built the cleanest onramp for retail since Coinbase went public, gave 24 million users one-click access to memecoins, and the first wave bought exactly nothing. $43M cap with $1.07M in volume means the existing base is still here, still trading, still holding through a drawdown while the new money hasn't even logged in yet. When it does, the troll face won't need an explanation.

• 
  Aayman.sol (@AaymanNft) reported 41 minutes ago

  I’ve been bullish on $CATE for a while now, but I genuinely think the thesis is stronger today than it was at ATH. The price is down. The fundamentals aren’t. CATE is currently sitting around a $31M market cap, roughly 65% below its $92M+ ATH from August 23. Normally after a memecoin loses that much value, you expect everything else to collapse with it. Holders leave. Volume disappears. Mindshare dies. The community moves onto the next coin. That simply hasn’t happened here. CATE still has roughly 118K–120K holders, is doing around $10M in daily volume, and has millions of dollars in liquidity across its pools. At around a $31M market cap, its 24H volume is roughly 32% of its entire valuation. More importantly, holder count has continued growing through the drawdown. A week ago everyone was celebrating 90K holders. Then 100K. Then 114K. Now we’re approaching 120K. Price went backwards while distribution kept going forward. That is probably the single most bullish thing you can see during a dip. And the holders aren’t insanely concentrated either. On-chain data currently shows the top 10 wallets holding roughly 14.4% of supply and the top 25 around 23.1%. But the part of the thesis I think people are still massively underestimating is FOMO. According to @seyong, the founder of FOMO: 146K users have bought CATE at least once. 38K bought CATE as their FIRST coin. $173M+ in CATE volume has gone through FOMO. 24K unique users have posted a CATE thesis. Those users have made 500K+ thesis posts. (These numbers are already more than a week old) Read the 38K number again. 38,000 people had CATE as their first purchase on FOMO. That is what separates CATE from 99% of memecoins for me. Most memecoins fight over the same group of people. Trader A sells coin A to buy coin B. Trader B sells coin B to buy coin C. Liquidity just rotates around CT. CATE is actually onboarding people. The best memecoins in history didn’t become multi-billion dollar assets because traders decided their chart looked good. They became cultural entry points into crypto. DOGE did it. SHIB did it. And CATE is showing early signs that it can do the same thing. The social numbers are already ridiculous compared to the valuation. At a recent LunarCrush snapshot surfaced through Coinbase, CATE ranked #10 in social post popularity, with 1.166% of tracked crypto conversation, while DOGE ranked #12 with 0.965%. CATE also had 56%+ bullish Twitter sentiment in that snapshot. Think about how stupid that valuation gap is. CATE: ~$31M. DOGE: ~$12.7B. One is already fighting for similar levels of mindshare on certain social metrics while being worth roughly 1/400th as much. Obviously CATE isn't DOGE yet. Not even remotely. That's the opportunity. The narrative also couldn't be easier to understand. DOGE = dog. CATE = cat. The coin was born from the kitten posted by Atsuko Sato, the owner of Kabosu, whose image created the original Doge meme. It doesn't need a 40-page whitepaper. You can explain the entire thesis to someone who has never touched crypto before in about 10 seconds. Cats flip dogs. CATE flips DOGE. That's it. And simplicity matters a LOT more than people think when you're trying to onboard millions of retail users. The infrastructure around it is also quietly improving. CATE is already trading across PumpSwap, Meteora, Raydium and Orca, while centralized markets now include Gate, MEXC, BingX and LBank. MEXC literally moved CATE from its Meme+ section into its Innovation Zone after citing its liquidity, market performance and user demand. Mint authority revoked. Freeze authority revoked. LP burned. No buy/sell tax. No complicated tokenomics. No massive roadmap people have to pretend they care about. Just a meme, distribution and an increasingly obsessed community. And I think people are making the mistake of looking at CATE like a normal memecoin that already had its run. I look at it completely differently. The first run proved CATE could get attention. This dip is proving whether it can retain people after the attention disappears. So far, it is. If CATE was sitting at $30M with 20K holders, dying volume and nobody talking about it, my thesis would have changed. Instead it's around $30M with nearly 120K holders, millions in daily volume, growing exchange access, one of the strongest social footprints in memecoins and tens of thousands of people who were literally onboarded through the coin. The chart retraced. The network didn't. That's the difference. My original target was $1B. I still think CATE reaches $1B, but I no longer think $1B is the end of the thesis. At today's valuation that's roughly a 32x. The bigger goal has always been DOGE. DOGE is currently worth around $12.7B, meaning CATE would need roughly a 400x from here to actually flip it. Is that an insane target? Of course. We're talking about memecoins. DOGE itself went from an internet joke to tens of billions of dollars. SHIB went from basically nothing to tens of billions. Every generational memecoin looks absurd before the market decides it isn't. For CATE to have a chance, it needs exactly what it's currently building: More holders. More normies. More distribution. More exchanges. More mindshare. More people emotionally attached to the meme rather than temporarily attached to the chart. And all of those numbers are trending in the right direction while price is down 65%. That's why I'm not less bullish because of this dip. I'm more bullish. The market is currently valuing CATE like a coin that peaked. The fundamentals look like a coin that's still being distributed. I think eventually that gap closes. First $100M. Then $1B. Then we find out how seriously the market actually wants to take the simplest thesis of this cycle: CATS FLIP DOGS. $CATE WORLD ORDER

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 43 minutes ago

  NO BITCOIN FUND CAN EVER PAY ITS OWNERS. ETHEREUM $ETH ALREADY HAS ONE THAT DOES: Ethereum ETH at $2,402, -0.61% over the past 24 hours. Bitcoin, ticker BTC, the larger of the two, at $77,708, +0.16%. Two quiet lines on the same night. The two get talked about as one thing, and on one point they are not: ether can pay the people who hold it. Bitcoin has no mechanism to do that and never will. HOW ONE OF THEM PAYS Ethereum runs on staking. Owners lock coins up as a deposit and help check and record transactions in return. The network pays them in newly created ether for the work, and docks the deposit if they cheat. Put coins down, do a job, get paid. Bitcoin works the other way. Computers race to solve a puzzle and whoever wins gets the new coins. There is nothing an owner can deposit and no job their coins can do, so there is nothing to pay them for. Bitcoin's payment also shrinks on a schedule. Every 210,000 blocks - roughly four years - the new coins issued per block are cut in half. That is the halving. April 2024 took it from 6.25 coins to 3.125; the next, expected around April 2028, takes it to 1.5625, heading toward a hard ceiling of 21 million coins. THE PART THAT NOW HAS A TICKER iShares Staked Ethereum Trust ETF, ticker ETHB, at $30.94 (after hours), +$0.12 / +0.39%. It started trading on Nasdaq on March 12, 2026. A spot ETF holds the real coins in storage and cuts the pile into shares that trade in an ordinary brokerage account. This one goes further and puts the ether to work: its paperwork commits it to staking 70% to 95% of what it holds under normal conditions, and it pays out what that earns every month. The fund publishes its own figure for it: a 30-day staking rewards rate of 1.66% as of September 2. The reward gets split before it reaches anybody. Coinbase Custody Trust Company holds the ether, and Coinbase takes 10% of every staking reward as a base fee, dropping to 6% if the fund ever reaches $20B. BlackRock charges 0.25% a year on top. Shareholders end up with about 82% of the gross rewards. Almost nobody is in it yet: $883.6M on September 2. WHERE THE MONEY WENT iShares Bitcoin Trust, ticker IBIT, at $44.03 (after hours), +$0.24 / +0.55%. At $60.02B on September 2 it is the largest American bitcoin fund, 68 times the staking one's size. On Tuesday, $236.46M left US spot bitcoin funds as a group, the largest single-day withdrawal since July 31, and $201.18M of it - 85% - came out of that one. Ether funds did not follow. They took money in for twelve straight days through September 1, and the staking fund drew $11.20M that day, lifting its total since launch to $705M. WHAT BOTH COINS ARE PRICED AGAINST Safe money got dearer. The 10-year Treasury yield - what the US government pays to borrow for a decade - touched 4.81% on Wednesday, its highest since 2023, after Federal Reserve Chair Kevin Warsh said at Jackson Hole on August 28 that inflation has not meaningfully improved. Interest-rate futures now put the odds of a quarter-point rate INCREASE at the September 15-16 Fed meeting near 66%, from roughly 40% a week earlier. Set 1.66% beside 4.81% and staking is not turning ether into a savings account. What it changes is the category: something instead of nothing. THE TWO COMPANIES IN THE MIDDLE Coinbase, ticker COIN, at $176.80 (after hours), +$1.84 / +1.05%. The New York company runs the largest US crypto exchange, employs 4,951 people, and is also the custodian and the fee-taker inside somebody else's ether fund. Its June quarter, reported July 30: revenue - the money coming in the door - $1.22B, down 14% from the March quarter as industry trading volumes fell more than 20%. Blockchain rewards, which is what staking work pays it, came to $83M - small beside the $555M of subscription and service revenue that arrives whether or not anybody trades. Strategy, ticker MSTR, at $124.18 (after hours), +$0.99 / +0.80%. The Tysons Corner, Virginia company borrows money and sells its own shares to buy bitcoin, and held 845,050 coins on August 31. Two things follow. It owns no ether at all, so it answers exactly half of this page. And it paid an average $75,412 a coin, $63.73B in total, which leaves tonight's $77,708 just 3.0% above what the whole pile cost. WHERE THESE SIT No Len5 carries the funds, and none could: every one weighs a business - what it sells, what it keeps, who decides - and coins in storage have none of those parts. Coinbase and Strategy are businesses, and none of the six carries either. One fact settles most of it: both ended the last twelve months in a loss. Quality-Value hunts a durable business at a fair price, Deep-Value and Special-Situations one priced under what it looks worth, Growth expansion nobody is overpaying for, Hypergrowth an early company growing fast - all four need a profit to price against, and there is not one. Neither pays a dividend, which settles Income. Momentum watches a company climbing on news of its own, and tonight both drifted up behind a coin that moved 0.16%. WHAT WOULD CHANGE COINBASE: that $83M rewards line growing enough to carry a quiet quarter, since it is paid for work on other people's coins rather than for a busy customer. WHAT WOULD CHANGE STRATEGY: a reported profit that is not just the coin's own price written into the accounts. WHERE THIS BREAKS Crypto is volatile and speculative, and nothing here forecasts a price. A staking reward is not interest: it is new coins paid for work, the rate moves with how many people are doing it, the deposit can be docked, and a payment made in ether is worth whatever ether is worth. Flow tallies run a day behind, and every share price above is an after-hours mark made in the thinnest crowd of the day. One of these coins is built so the payment for securing it shrinks toward nothing, by a rule dated to 2028. The other pays for as long as somebody keeps doing the work. They sit under the same heading, in the same app, on the same page. Not investment advice.

• 
  A.J. Warner (@ajwarner90) reported 43 minutes ago

  Kinda feel like launching a token for these public companies introduces an incredible amount of confusion if it’s not clear how and why to demarcate between equity and token. Short term it’ll help Base, long term I think it would significantly hurt Coinbase.

• 
  Net-Updates by StabilityTest (@stabilitystatus) reported 44 minutes ago

  Coinbase Service Disruption A fix has been implemented and we are monitoring the results. Status: Monitoring Impact: None Updated: 1:07 PM GMT+0000 Service status tracked by @stabilitytestio #Coinbase #ServiceUpdate

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  Edric (@EdricETH22) reported 44 minutes ago

  @Samuelsimonsun1 @base Looks like Coinbase is doubling down on finance

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  James Ventham (@JamesVentham) reported 46 minutes ago

  @TrustWallet @TrustWallet I’ve just sent some funds via Coinbase, it’s cleared the blockchain on both sides and yet it’s flicking between my original balance and the upgraded one I’ve just added to leaving me unable to use the new funds? Can someone help me?

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  Jules Mossler (@julie_mo) reported 49 minutes ago

  Last Thursday I received more than 40 spam calls before noon. On Friday, a 212 number came through identified as “Midtown Man NYPD,” so I picked up. A man w/a British accent told me he was an NYPD detective (red flag #1.) They’d caught someone at “the New York airport” (red flag #2) with hundreds of fake IDs, including one using my information He knew my former home address and an email address I use almost exclusively for financial accounts. He gave me an 'access code” and report ID' and wanted to send me a secure link to sign the police report A link from a stranger - all the flags 🛑🛑🛑 When I pushed him for details, he got flustered. His accent changed. He already told me, he snapped: this happened at THE NEW YORK AIRPORT There are, famously, several I hung up and Googled the Midtown Precinct NYPD number to call back directly - it was *the same number* he'd appeared to call me from. They confirmed it was a scam. But that number, which clearly was spoofed, was now calling me obsessively on the other line The scammer was too bad at his job to be threatening, but the amount of context and disparate data wrapped around the scam is what I can't shake. They'd connected my phone number, an old address and a new, relatively private email address. The supposed criminal they named was a real person in my LinkedIn network. I had a similar experience when Coinbase was hacked - and every Saturday since, for the last two years, I get a call from "Google" and alerts that someone trying to force their way into my gmail. All of this is clearly automated With bad actors' ability now to use AI to triangulate enormous amounts of data on the dark web, this feels like an important change in fraud: scammers don't have to be smart. It's never been easier to make aspiring criminals dramatically better at assembling fragments of personal data into a believable story. The social engineering used to be the hard part. If you haven't seen this breach announced yesterday, you might be getting a call from Sherlock Holmes in the Midtown Precinct. Stay safe out there =/

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  Crypto Breaking News (@CryptoBreakNews) reported 50 minutes ago

  Coinbase Begins Regulated Crypto Derivatives Trading in Canada Coinbase has rolled out crypto derivatives trading in Canada, expanding access to both perpetual and dated futures tied to major digital assets including Bitcoin (BTC) and Ether (ETH). The move places more crypto...

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  heff💹🧲🌍⛷️ (@hefffff) reported 51 minutes ago

  up 3x already $**** / COIN goes so much ******* higher… and what if $pons gets a coinbase listing??? 0xf9cfeac33ce4633ed3fd042304728bf348456334

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  Robbie Klages (@robbieklages) reported 53 minutes ago

  Where should we be integrating quantum security? Jeff, CSO at @coinbase, says asset-level fixes leave you with two classes of coins on the same chain.. The ones quantum can take and the ones it can't. "To really solve the problem you've got to do it at the L1... ultimately I think we've got to get these chains post-quantum"

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  Memeo (@WelcometoMemeO) reported 54 minutes ago

  @roinujnotrya I have both and cannot add new networks on either. I also cannot change the network and see the error "This method is unsupported We do not currently support wallet_switchEthereumChain for target chainID XXXXX." This was a coinbase wallet that migrated to a Base app wallet as I can add networks in the coinbase extension but not for this particular wallet.

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  Huisor (@HuisorAI) reported 54 minutes ago

  ETH/USDT current price (September 3, 2026) ≈ 2404.27 On-chain data: Funding rate: Binance ETHUSDT perpetual contract +0.01% / 8 hours, annualized approximately +10.95%. Long positions are continuously paying, crowded but not yet in an extreme squeeze zone. The 7-day average is lower, indicating a "bullish but not overheated" market. OI: Different metrics. Binance perpetual contracts are $5.5 billion, accounting for approximately 23.6%; the total visible across all platforms is $10.7-23 billion. Short-term OI (On-Time Inflow) is down approximately 3.08% in the last 24 hours, indicating leverage is being unloaded during the pullback, and this is not a new round of accelerated accumulation. Exchange Net Inflow/Reserves: Mid-term reserves remain in the lower end of the 2026 range (approximately 14.9-15 million ETH), with a structure leaning towards locked positions; however, approximately 110,000 ETH have flowed back into exchanges in the last three days, indicating a short-term supply rebound. Whales have made a net purchase of approximately +$82.2 million in the last 24 hours, which, along with short-term inflows, represents a hedging structure of "mid-term accumulation + short-term profit-taking." ETH.D: Approximately 11.10%-11.20%. BTC.D: Approximately 59.6%. Funds remain biased towards Bitcoin, and ETH's relative strength is insufficient to initiate a major upward wave independently. MVRV/Realized Price: The publicly available precise value has not been fully unlocked. Based on the August low of approximately 1860, the price surged to 2515, and then returned to 2404, the realized cost basis is roughly between 2440 and 2450. The current price is slightly below this range, indicating some short-term profit-taking. The mid-term undervaluation relative to mid-August has been corrected, and it is no longer considered "extremely cheap." Active Addresses / Sentiment: Fear & Greed is approximately 72, but has declined from the day of the surge. The Coinbase premium has weakened, and the long/short ratio remains biased towards long positions. Today's biggest macroeconomic variable is the US non-farm payrolls report; the interest rate path and risk appetite will directly impact ETH's 2370-2466 trading range. Price range conclusion: Upward price levels: 2428.00 / 2448.00 / 2466.53; Downward price levels: 2372.00 / 2356.41 / 2333.00; Price range: 2375.00–2428.00. Expected trend for the next 24 hours: Slightly weak with fluctuations. Central range: 2386.00–2412.00. A valid upward move requires a firm hold above 2428.00 and a pullback that doesn't break below 2412.00; A valid downward move requires a break below 2356.00 and a 1-hour close below it. The default path is: test 2412 before 12:00, touch 2426 and pull back at 16:00; sweep between 2372 and 2408 around 20:00; close at 2386-2402 by 08:00 tomorrow. Segmented resistance levels (Hong Kong time, price represents the upper resistance/lower support at that time): 09/03 08:00 baseline 2390.91, midline of the trading range. 09/03 12:00 resistance 2412.00, support 2384.00. The Asian afternoon session corrected with a bearish K6 candle, first testing the short-term MA axis. 09/03 16:00 resistance 2426.00, support 2388.00. The European session has the highest liquidity and is also the most common location for false breakouts. September 3rd, 20:00: Resistance at 2408.00, Support at 2372.00. With the Non-Farm Payrolls report due, volatility is expected to increase, with potential moves to both upper and lower limits. September 4th, 00:00: Resistance at 2396.00, Support at 2368.00. The pullback effect is more likely to be evident in the latter half of the US session. September 4th, 04:00: Resistance at 2388.00, Support at 2356.00. Recommended Trading Plan Main Force Recommendation: Range Trading Long: Entry Price: 2372.00–2382.00 Take Profit: 2418.00 / 2448.00 Stop Loss: 2352.00 Position Size: No more than 2.00% Short: Entry Price: 2426.00–2436.00 Take Profit: 2392.00 / 2372.00 Stop Loss: 2458.00 Position Size: No more than 2.00% Position Suggestions and Risk Control: A stop loss must be placed. 1. The current price of 2404.27 is at the midpoint of the trading range, not an entry point. Wait for the end of the range before making a move. 2. If the 1-hour closing price falls below 2333.00, cancel the long position and only keep the short position. 3. If the price breaks above 2466.53 with high volume and retraces but doesn't break 2448.00, cancel the short position and only keep the long position. 4. Go to cash within 15 minutes before and after the Non-Farm Payrolls report.

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  Lukasz Wydra (@lukasz_wydra) reported 54 minutes ago

  Bitcoin (BTC) Update 📊 The Coinbase Premium has turned sharply negative again, now standing at -$40.31. Meanwhile, Bitcoin Exchange Netflow is slightly negative, hovering close to the neutral level. And what are the whales doing? I'll break it down today at 8:00 PM CET during the YouTube Live [PL] 👀 @ForeDex_Global