base

According to Iranian state media, the Iranian Islamic Revolutionary Guard Corps stated that after the U.S. military attacked Iranian islands (Hark Island), U.S. ports, docks, and military bases within the UAE have become legitimate targets for strikes.On the evening of the 13th Eastern Time, U.S. President Trump posted on social media, stating that the U.S. Central Command "just" bombed the Iranian oil export hub Hark Island at his direction, "completely destroying all military targets on the island." Trump mentioned that he did not choose to destroy the island's oil infrastructure. However, he threatened that if Iran or any other country interferes in any way with the safe passage of vessels through the Strait of Hormuz, "I will immediately reconsider this decision."

According to reports from Wu Shuo, Coinbase is in talks with Bybit regarding investment and cooperation agreements, as Bybit hopes to enter the compliant market in the United States.The report states that earlier, ICE invested in the offshore exchange OKX with an estimated valuation of about $25 billion, and the market expects Bybit's valuation to be similar to that of OKX.

Coinbase Institutional published an analysis on platform X, pointing out that amidst recent geopolitical turmoil disrupting traditional financial markets, sentiment in the crypto market may be shifting, especially with Bitcoin showing relatively strong performance.Since the beginning of this year, Bitcoin's performance has outpaced the U.S. stock market, and market views suggest that the crypto market may be gradually emerging from a "period of extreme pessimism." The latest macro data indicates that U.S. non-farm employment growth is cooling, challenging the previous narrative that "the labor market remains resilient." Meanwhile, Bitcoin's value proposition as a relatively independent asset may be further enhanced in the eyes of institutional investors. Additionally, the rise in systematic leverage ratios reflects an improvement in participation in the crypto market. However, the market remains cautiously optimistic, with investors still waiting for further confirmation of the trend and continuously monitoring whether market participation can support a sustained upward trend.

According to OnchainLens monitoring, in the past 4 hours, the Grayscale address staked 57,600 ETH through Coinbase, worth approximately $121.62 million.

According to crypto analyst Yu Jin @EmberCN, the investment firm Blockchain Capital has transferred all of its 216,000 AAVE to Coinbase Prime, worth approximately $24.8 million.The firm had accumulated about 233,000 AAVE from October 2020 to March 2023, with an average price of around $94, and has long been one of the major institutional holders of AAVE. Previously, near the price peak of AAVE in December 2024, Blockchain Capital sold 16,900 AAVE through FalconX, worth about $5.04 million. After this transfer, its early holdings have basically been fully exited.

According to Arkham data, at 01:40, 92.17 BTC (worth approximately 5.07 million USD) was transferred from Coinbase Prime to Grayscale.

According to Arkham data, at 01:25, 216,300 AAVE (worth approximately $24,799,900) was transferred from Blockchain Capital to an anonymous address (starting with 0x5329...). Subsequently, the address transferred all AAVE to Coinbase Prime.

According to on-chain analysis platform Lookonchain, in the past 2 hours, wallets associated with Cumberland have withdrawn a total of 23,000 ETH from Binance and Coinbase, worth approximately $50.1 million.

Binance contracts will delist the VFYUSDT, 1000 WHYUSDT, and BDXNUSDT U-margined perpetual contracts on March 17, 2026, at 17:00, and will delist the ALGO USD, SAND USD, ENS USD, and ATOM USD coin-margined perpetual contracts on March 18, 2026, at 17:00. Users are advised to close their positions before trading stops to avoid automatic liquidation.

According to Arkham data, at 21:07, 140.24 BTC (worth approximately 10.2 million USD) was transferred from Grayscale to Coinbase Prime.

The Bitcoin Policy Institute (BPI) announced that it will submit public comments on the Federal Reserve's upcoming proposal for the Basel framework implementation, advocating for changes to the risk weight treatment of BTC within the banking regulatory system.BPI Executive Director Conner Brown stated that BTC is classified as a high-risk asset under the Basel framework, subject to a 1,250% risk weight, higher than almost all other asset classes, and is characterized as "the most stringent classification." In contrast, the risk weights for cash, physical gold, and government bonds are all 0%. The 1,250% capital requirement means that banks must hold BTC with a 1:1 ratio of compliant collateral, significantly increasing the cost for banks to hold this asset and limiting their ability to provide financial services to BTC-related businesses.

According to market news, Federal Reserve Vice Chair for Supervision Michelle Bowman stated that U.S. regulators will propose rules for implementing the final phase of the Basel III framework in the coming weeks, expected to be released during the week of March 17 to 21, followed by a 90-day public comment period.The proposal is being coordinated by the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. According to the global crypto framework finalized by the Basel Committee in 2022, Bitcoin is classified as a Group 2b asset, which regulators consider difficult to hedge and inherently volatile, facing a risk weight of 1250%. This means that a bank holding $100 million in Bitcoin exposure will be viewed as having $1.25 billion in risk-weighted assets, requiring approximately $100 million in capital.Compared to the zero risk weight for cash, gold, and U.S. Treasury securities, as well as the 20%-100% range for corporate loans, the capital treatment of Bitcoin is extremely harsh. Crypto industry institutions criticize the framework for misclassifying Bitcoin, hindering banks from providing related services.

Coinbase executives have denied allegations of obstructing a tax-exempt policy for small Bitcoin transactions. Previously, Bitcoin advocates speculated on social media that Coinbase told lawmakers that Bitcoin is not widely used as a medium of exchange, and therefore does not require tax exemption. Coinbase CEO Brian Armstrong called the allegations "completely false" and stated that the company has been lobbying for the tax exemption for small Bitcoin transactions and will continue to do so.Coinbase's Chief Legal Officer and Chief Policy Officer also reiterated that they have "never lobbied against Bitcoin." Currently, U.S. lawmakers are considering providing tax exemptions for stablecoins pegged to the value of the dollar, but Bitcoin has not been included in the tax-exempt scope of the proposed Cryptocurrency Market Structure Bill (the CLARITY Act).

According to Arkham data, at 07:46, 252.12 BTC (worth approximately 17.66 million USD) was transferred from Coinbase to an anonymous address (starting with 3BTv...).

The Binance Futures platform will launch the EWYUSDT index perpetual contract on March 16, 2026, at 21:30, with a maximum leverage of up to 10 times. The contract is settled in USDT and supports a multi-asset model, allowing users to use other assets such as BTC as collateral.

According to Arkham monitoring, Grayscale transferred approximately 296 bitcoins, worth about $20.86 million, to a Coinbase Prime address through its Bitcoin fund, Grayscale Bitcoin Trust.In addition, Grayscale's Avalanche Trust fund also transferred 27,731 AVAX tokens to an independent address.

According to Coinglass data, the Coinbase Bitcoin Premium Index has been positive for 2 consecutive days, currently reported at 0.0231%. Over the past 10 days, it has been in positive premium for 5 trading days, indicating that buying sentiment in the U.S. market is starting to warm up, after being in negative premium for 40 consecutive days.The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, institutional investment enthusiasm, and changes in market sentiment.A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, decreased risk appetite among investors, increased market risk aversion, or capital outflow.

According to Onchain Lens monitoring, BlackRock deposited 566.88 BTC into Coinbase, worth approximately 39.64 million USD, and also deposited 7,552 ETH, worth approximately 15.52 million USD, with the possibility of continuing to deposit more assets.

According to BitcoinNews, the cryptocurrency exchange Coinbase is accused of potentially lobbying U.S. lawmakers behind the scenes against establishing a small transaction tax exemption for Bitcoin, suggesting that the exemption should be limited to stablecoins.Previously, Bitcoin policy advocate Marty Bent disclosed on social media that Coinbase has told lawmakers "no one uses Bitcoin as a currency" and believes that establishing a small tax exemption for Bitcoin would be a "subsidy destined to fail." The crypto community considers this "very concerning" if true, aligning with recent worries about cryptocurrency legislation (such as the GENIUS Act), namely that some policies may be influenced by special interest groups and regulatory capture rather than genuinely promoting innovation. Over the past three months, there has been a noticeable shift in policy discussions on Capitol Hill, with some proposals leaning towards providing small transaction tax exemptions only for stablecoins, excluding Bitcoin.Additionally, the Bitcoin advocacy organization Bitcoin Policy Institute stated that ongoing communication with lawmakers continues, and limiting the small tax exemption policy to stablecoins would be a strategic mistake for U.S. policy, as the organization has long advocated for exempting small Bitcoin transactions from capital gains tax.