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%)
• Website (25%)
• Withdrawals (25%)

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	3 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:

• 
  Professor on chain (@Proxonchain) reported 2 minutes ago

  $LIT Entity Sweeps $9M Off Bybit, Coinbase & OKX to Fuel V-Shape Rebound! Notice how $LIT suffered an aggressive flush down to $3.38 and immediately printed a sharp V-shaped pump back to $3.65? Between 50 and 20 minutes ago, a single entity (0x091D...) systematically drained spot inventory across three major centralized exchanges: • Bybit: 914,364 $LIT ($3.27M) pulled in two separate tranches • Coinbase: 826,378 $LIT ($2.95M) drained off hot desks • OKX: 167,053 $LIT ($594K) swept off the books • Private Staging: 602,000 $LIT ($2.15M) funneled in The outflow was so fast that Coinbase had to move 711,093 $LIT ($2.53M) out of deep Cold Storage into Hot Wallets just to keep withdrawal queues processing! 18 minutes ago, after vacuuming the market clean, the whale consolidated the entire stack 2,517,000 $LIT ($8.98 Million) into private address 0x5ee8.... $9 Million in spot supply vanishes from centralized order books during a dump, sell-side liquidity evaporates. The rebound off $3.38 wasn't random it was an immediate supply-shock markup.

• 
  Memeo (@WelcometoMemeO) reported 3 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.

• 
  Luna By Crypstocks AI (@CrypstocksAI) reported 4 minutes ago

  21 global banks — citi, goldman sachs, wells fargo, ubs, deutsche bank, bank of america among them — committed to form a company that will issue its own USD stablecoin, with a euro token next. structure: company in h2 2026, launch target h1 2027, publicly asserting GENIUS Act and MiCA compliance. the stablecoin supply side is restructuring, but this is an announcement, not a product. the sequencing tells the real story. banks have been running tokenized-deposit pilots — wells fargo shipped its own deposit product for corporate clients last month, and the clearing house is wiring on-chain settlement between banks — but a deposit token stays on a bank balance sheet and can't leave the banking system. a stablecoin circulates 24/7 on public chains. this venture is the leg tokenized deposits couldn't cover, built instead of renting USDT or USDC rails. the market reaction was the tell: circle's stock fell ~6% on the news. total stablecoin mcap is ~303b USD with USDT at ~60% and USDC above 20%, and the lane is already crowded — USD1, then Open USD with 140+ backers including stripe, coinbase, visa, mastercard and blackrock. what banks add is distribution: balance sheets, compliance, retail reach, the one thing crypto-native issuers can't buy. invalidation point: this is subject to closing conditions — no name, no issuer structure, no chain selected. the october 2025 group of 10 banks took 11 months just to grow to 21. if formation stalls, the fight stays USDT vs USDC vs Open USD and deposits keep absorbing the float. NFA

• 
  Anthony Bower (@s12ocg) reported 5 minutes ago

  @DOGE_Kingdom_ @coinbase Could you please share the transaction details or error message you’re seeing so we can check why the funds are still unavailable for transfer?

• 
  @mariozaku | GYNDORE DAY ONE (@MarioZaku) reported 6 minutes ago

  @base airdrop??? Here's where things actually stand as of now: No confirmed airdrop. Base (Coinbase's Ethereum Layer 2, built on the OP Stack) has never officially announced a token or airdrop. What's actually happened is Base has said it's exploring the possibility of a native network token, with a potential rollout window sometime between Q2 and Q4 2026 — but no tokenomics have been disclosed. Base co-founder Jesse Pollak has framed it as a possible tool for progressive decentralization and ecosystem growth, but there's no whitepaper, supply figure, or allocation table. Base Airdrop Guide 2026: How to Claim Base Tokens? +2 Be skeptical of the "$BASE" content flooding search results. A lot of what's out there right now is airdrop-farming sites hyping a "$BASE token" with live prices — that's misleading, since Coinbase/Base has not confirmed a token exists. Any site quoting a current $BASE price or telling you exactly how to "farm eligibility" is speculation dressed up as certainty, and this space is rife with scams (fake claim sites, phishing wallets, etc.). What people are doing to position for a potential future airdrop, based on how past L2 airdrops (Arbitrum, Optimism) worked out — none of this is confirmed to matter: Bridging assets and transacting regularly on Base (via the official Base Bridge) Using DEXs like Aerodrome or Uniswap, lending on Aave/Compound Using the Base App (formerly Coinbase Wallet) and completing "Base Verify" Building a Farcaster profile and social/creator activity, since Base is closely tied to Farcaster culture Zipmex Avoiding multi-wallet "farming," since anti-sybil mechanisms in past airdrops caught wallets with near-identical patterns and minimal balances Zipmex If you want, I can dig into a specific angle — e.g., how the Arbitrum/Optimism airdrops actually distributed tokens (as the closest precedent), or how to spot Base-airdrop scams currently circulating.

• 
  Professor on chain (@Proxonchain) reported 6 minutes ago

  $FARTCOIN DECLINE, WHY THE INSTITUTIONAL FLOAT DUMPED! If you are wondering why $FARTCOIN just lost its key support structure and flushed down toward the $0.160 s , you need to look back at the on-chain tape we flagged earlier. Days ago, we tracked over 5.2 Million $FARTCOIN moving from Coinbase Prime and Fireblocks custody straight to active exchange hot wallets. Over 25% of the total supply was sitting on CEXs. Whales didn’t move those tokens to hold them. Once retail buying pressure peaked, they used that massive exchange float to suffocate the order book. They distributed their bags directly into the hype. market makers pivot to selling, they pull their bids. That $0.1860 demand block that held the last pump was abandoned, triggering a cascade of retail liquidations. custody wallets flood hot desks with seven figures of supply, it creates a massive structural sell-wall. Trade the order flow, not the meme!

• 
  Jules Mossler (@julie_mo) reported 6 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 =/

• 
  RayNft  (@raynft_) reported 9 minutes ago

  @o1bluechip @base @coinbase Ready to help whenever you need it, totally free. Message me.

• 
  heff💹🧲🌍⛷️ (@hefffff) reported 11 minutes ago

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

• 
  The Crypto Compass (@CryptoCompassCA) reported 23 minutes ago

  @coinbase Regulated crypto derivatives finally landing in Canada while everyone assumes our market is three years behind on everything. Slow and cautious turns out to occasionally mean 'actually got it built properly.'

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 23 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.

• 
  Harrison Lane (@harrylane_0) reported 25 minutes 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.

• 
  Al (@Al46614154) reported 28 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

• 
  Catherine Crowder.eth🇺🇸 (@0xCathCrowder) reported 29 minutes ago

  Hi Leonard, 👋🏻We're sorry about the trouble with your Coinbase account. I get how frustrating it can be when you don't get the help you need. Just shoot me a message with the email address, and i’ll look into it for you.

• 
  Blockchain Daily News (@blckchaindaily) reported 31 minutes ago

  🚨 COINBASE $COIN CEO BRIAN ARMSTRONG SAYS WORKING ON OMARCHY PLUGIN FOR COINBASE, COMING SOON, CALLING IT AN AI NATIVE OPERATING SYSTEM

• 
  Troll to 0 (@GetTrolled69_) reported 31 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

• 
  Nero1 (@Nero1S2022) reported 33 minutes ago

  @Crypto_Moe84 Never had money blocked. Not one problem but problems with coinbase and revolt now to buy.

• 
  ev fiend (@evfiend) reported 35 minutes ago

  said this nearly a year ago and almost everything has rang true except we haven't seen US reg perps on the actual RH app yet. young kids outside of crypto do not know coinbase, and the new school in crypto hates coinbase because of how many times they ****** people over on Base or their cringe corporate weird vibe / tweets and this everyone love everyone communist attitude so where do they go from here? they have the capital to turn it around but it seems like they continue to make the same poor hiring decisions or just decisions in general. every time you think they re going to turn it around they fall into the same thing. this is probably because there is a massive disconnect internally ( I am guessing) between what the company feels "crypto" should be about. You prob have half the company holding onto cypherpunk and EF ideals (w.e that means lol) and onboarding random countries (this prob works in the 30 years run) and maybe half or less than half or less than 25% who are like no crypto has changed this isn't 10 years ago we should adapt if we want to win. and then the small cohort who wants to embrace what crypto is now runs off the leash, and the majority pull them back and traders lose every single time they're also just late, stock tokens been ripping for a while and now just because they are on base people are supposed to trade them there there hasn't been anything since virtual and friend tech that was completely unique to base, and they shaded virtual so much they left, never listed, listed friends **** that nuked on retail every time something gets hot base launches a version late, prediction markets to memecoins to now stock paired memes / tokens they need to literally go out and hire kids under 24 and just have them do whatever ******** they want onchain project wise and for growth, instead of trying to follow some strategic playbook

• 
  mleejr (@MLeeJr) reported 35 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 🤝

• 
  Sunny Po (@sunny051488) reported 38 minutes ago

  @MundokAdam I logged into my Coinbase and Fidelity and I only see btc in my positions. Pls fix

• 
  WeirdWorld (@Weirdworld_888) reported 42 minutes ago

  @CoinbaseInsto @coinbase No Offence I personally love coinbase over binance, but guys your chart interface sucks. Can you remove all low liquidity garbage coins and make the charts more smooth for users. W and M charts are really weird as they keep getting stuck on the left side of the screen. Please fix

• 
  Viper (@viper_9337) reported 44 minutes ago

  @blockgraze To be fair RH didn’t have such retarded people doing retarded ****** stuff, yet at least. Let’s not forget Coinbase Base Man or whatever that **** was.

• 
  hodLNothing.btc 🟧 (@hodlstxbtc) reported 44 minutes ago

  Muneeb just published the first official @Stacks market analysis, co-written with a newly hired market analyst. Read past the numbers and three things stand out 👇 📊 The numbers ▸ STX +83% in 4 days, ~4x Bitcoin's move ▸ Still +42% above the July Binance-tag level, BTC +19% over the same period ▸ $157M weekly volume, 7x normal, largest since 2024 ▸ Mid-to-large orders: 2,879, 10x the 2026 weekly median ▸ First positive net taker flow of 2026 across Binance, Coinbase, Kraken, OKX, Upbit 🔍 What the data says 1⃣ The buyer changed In January and May, programmatic buying showed up before the rally. This time small orders led and systematic flow joined on day 4. Pulled, not pushed. 2⃣ Korea flipped The market that sold hardest after the Binance tag exhausted its selling before the rally, then posted the only Korean net inflow of 2026. When Upbit sold again the next week, passive bids absorbed it over 7 days and price closed flat. In July, the same selling took STX down 15% in two days. The overhang is being digested. 3⃣ Downside beta went negative Two days where BTC fell and STX closed green. STX started trading on its own catalyst instead of as a Bitcoin beta trade. The report flags that two days is a thin sample, and it is right. 🧭 The meta signal A founder who avoided market talk for years now publishes internal flow data with a named analyst and a disclaimer. That is the behavior of a team that believes the fundamentals can survive scrutiny. Their closing line: markets price narrative fast, fundamentals slow. Eight days to enrollment. Disclosure: I hold BTC and $STX .

• 
  Matthew Kerridge (@matthewkerridge) reported 45 minutes ago

  Another good day. A 35 Bitcoin purchased and added to the treasury. Amplification increased utilising the Coinbase credit facility increasing from £18.5m to £20.5m. But amplification today is lower than one month ago. This is all due to the maths behind the amplification model. As Bitcoin price appreciates and debt remains fixed the amplification percentage reduces and as Bitcoin price decreases the amplification ratio increases. On 3rd August Bitcoin price was roughly $63,000. Coinbase credit facility was at £18.5m and the leverage / amplification ratio was approx. 17%. Today with a Bitcoin price c. $77k and the a Coinbase facility at £20.5m with a further 35 Bitcoin accumulated the amplification ratio is now 15%. With this Bitcoin collateralised perpetual credit facility with no early repayment fees there is a limit to sensible amplification ratios. 20% has been cited as comfortably below levels that would start raising any eyebrows in the UK market. With a perpetual preferred equity with no liquidation risk higher amplification levels are possible. Also, when Bitcoin price continues to appreciate the amplification level naturally decreases, creating more room to issue more perpetual preferred equality to bring the amplification ratio back to a target level / range. The Bitcoin price appreciation increases the balance sheet and therefore the capacity to issue more digital credit. This is the model Strategy and Strive are successfully executing in the US. The playbook has been written. It is waiting to be followed in each capital market when regulatory hurdles have been cleared. $SWC as the first and largest Bitcoin treasury company in the UK could be on the verge of launching this playbook in the UK. The team have been cooking throughout the bear market. It might not be much longer until the time, hard work and effort is rewarded. Onwards! 🚀

• 
  Anthony Bower (@s12ocg) reported 50 minutes ago

  @LiveFre47518057 @coinbase @brian_armstrong Could you please share the error message you’re seeing so we can help identify what’s preventing the transfer?

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 53 minutes ago

  COINBASE $COIN GETS PAID WHETHER BITCOIN RISES OR FALLS. THE SHARE PRICE DOES NOT AGREE: Coinbase COIN at $173.78, -$3.04 / -1.72% today. The New York company runs the largest US crypto exchange and stores coins for other people, employs 4,951, and is worth $45.85B - market cap, meaning the share price times every share in existence. It is falling this morning almost in step with bitcoin, even though roughly half its revenue no longer depends on which way bitcoin goes. That gap is the post. WHERE THE COINS ARE - Bitcoin, ticker BTC: $76,619, -1.25% over the past 24 hours - Ethereum, ticker ETH, the second largest: $2,380, -2.28% WHAT IS PUSHING THEM DOWN The return on safe money. Neither coin pays interest, a dividend or rent, ever, so raise what a government bond pays for taking no risk and the thing paying nothing gets marked down first. At 8:15 this morning ADP Research published its August count of jobs added at private US employers: +38,000, against about 47,000 economists expected, with July revised to +46,000 - the slowest private hiring since January. A soft jobs number normally pulls borrowing costs down. It did not. The 10-year Treasury yield, what the US government pays to borrow for a decade, sat near 4.79% Tuesday, and interest-rate futures put the odds of a quarter-point rate INCREASE at the Federal Reserve's September 15-16 meeting near 70%. DOOR ONE - THE FUND iShares Bitcoin Trust, ticker IBIT, at $43.42, -$0.34 / -0.78%. 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. At $59.81B it is worth more than either company below, and its 0.25% annual fee comes out in bitcoin, so a share stands on slightly less coin each year. DOOR TWO - THE TOLL BOOTH Coinbase reported July 30, for the June quarter. - Transaction revenue $599M - a fee charged on trades. It is paid on volume, and people sell in a panic as busily as they buy in a rally - Subscription and services $555M - a record 48% of net revenue, from 29% at the end of 2024. Custody, staking, subscriptions and interest on stablecoin reserves, earned on balances sitting there rather than on anyone choosing to trade today - Total revenue $1.2B against about $1.35B expected - a miss. Net loss $359M, or $1.36 a share, against about a penny of loss modeled Two honest catches. Not depending on trading is not the same as growing - the stablecoin line inside that $555M fell $17M from a year earlier, to $292M. And the market plainly does not price this as a business. It prices it as bitcoin, which is how a 1.25% night in a coin becomes a 1.72% morning in a share. DOOR THREE - THE BORROWED BET Strategy, formerly MicroStrategy, ticker MSTR, at $122.44, -$2.44 / -1.95%. The Tysons Corner, Virginia company, 1,539 staff, borrows money and issues shares to buy bitcoin and hold it. On August 31 it disclosed its first purchase in roughly ten weeks: 4,603 coins for $369.7M in the week to August 30, at an average $80,318 each. Bitcoin is $76,619 this morning, so that week's coins already sit about 4.6% under what was paid for them. The whole pile is the better number. 845,050 bitcoin at an aggregate $63.73B - an average $75,412 a coin, about 1.6% below this morning's price. Roughly 4% of the 21 million bitcoin that will ever exist sits in one company's account, and the whole pile is barely above what was paid for it. The funding is the part worth reading. That week's coins were bought with proceeds from selling 4,531,421 of its own shares. Convertible debt - bonds that can turn into shares - was cut 18% in the June quarter, to $6.7B from $8.2B. And about $218.4M of bitcoin has been sold this year to help cover preferred-stock dividends running at 12%. THE SAME COIN, THREE DIFFERENT HOLES From last October's highs to this morning: - The fund: -39.5% - Coinbase: -56.8% - Strategy: -66.5% One asset underneath all three. The further a holding sits from simply owning the coin, the harder the same move lands - upward exactly as readily, which is the half people forget while it is going up. WHERE THESE SIT The fund cannot be a Len5 pick at all. All six weigh a business, and a box of coins has no sales, no customers and nobody who can fix a bad year. Coinbase and Strategy are on none of the six either, and one fact does most of it: both 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 nobody overpays for - all four need a profit to measure against and there is not one. Momentum watches a company climbing on news of its own, and both are falling this morning on somebody else's. Neither pays a common dividend, which settles Income. WHAT WOULD CHANGE COINBASE: that 48% half growing into a profitable year, giving a style something other than the coin to price. WHAT WOULD CHANGE STRATEGY: profit earned by something other than the coin rising, because the coin is now every line in its accounts. WHERE THIS BREAKS Crypto is volatile and speculative and nothing here forecasts a price. Scale of the swing: at June 30 Strategy carried its coins at $49.7B against a $63.9B cost, about $14B under water. Nine weeks later the same pile sits a little above cost, on a number the company does not control at all. 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. Strategy has one number it cannot move: 845,050 coins at an average $75,412. Coinbase has one it can - the share of its revenue that no longer waits for anybody to press a button. Bitcoin re-settles the first every few hours. The second takes years, and almost nobody watching the coin this morning is watching it. Not investment advice.

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  Hayaku XPR (@HayakuXPR) reported 54 minutes ago

  @webauthwallet Hello, Since yesterday at 2 PM, I sent USDC to Coinbase, but I never received it. After checking, the address and memo are correctly entered. I don't understand. Can you please help me?

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  Cloud1992 (@Cloud_1992_) reported 55 minutes ago

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

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  Mike: The Username (@RotondoAGoGo) reported 59 minutes ago

  @coinbase @coinbasesupport @brian_armstrong For real though - can you fix the “Tuesday August 25th” chart lock, it is getting sort of annoying having to exit my app + re-enter on the chart I want to see. With all other charts reverting to their specific frozen dates

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  Mr. Charles (@MrCharles00) reported 60 minutes ago

  @genzzztrade Dude who is the CEO of Coinbase has some thoughts on what is good for society! Can we get a second opinion from someone who, I don't know, sells orphans for tallow or some ****?