Publicly traded crypto exchange Coinbase has had a strong start to 2023, with a 58% increase in monthly trading volume.
February 03, 2023 | | | | Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | Click Here to Subscribe to the Milk Road | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $23,575 | Bitcoin price is ranging between $23,000 and $24,000 as price continues to move sideways following January's advance. | Top-20 altcoins have mostly cooled off too, as Ether falls 1%, BNB rises 1% and Cosmos is the biggest mover with a 4% gain. | Top Stories for February 3, 2022 🔥 | | Publicly-traded crypto exchange Coinbase has had a strong start to 2023, with a 58% increase in total monthly trading volume to $55 billion in January. Average daily trading volume has reached $1.8 billion – the highest since August. | The dismissal of a lawsuit alleging the sale of unregistered securities has also led to a 24% jump in Coinbase's shares. Cowen analysts expect Q1 revenue to be around $652 million, higher than their current estimate of $518 million and the average consensus of $604 million. | | The U.S. Senate Banking Committee will hold a hearing on February 14th to examine financial system protections from the "dangers" of digital assets. | The hearing, titled "Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets," demonstrates the urgency of crypto issues in Congress. | Chairman Sherrod Brown (D-Ohio), wants to start a serious effort towards U.S. government oversight of crypto, while new ranking Republican, Tim Scott (R-S.C.), says the members should work towards a bipartisan regulatory framework. | | Binance is returning to South Korea after exiting the market two years ago, acquiring a majority stake in Korean crypto trading platform Gopax. | Binance CEO Changpeng Zhao believes the acquisition will further rebuild the Korean crypto and blockchain industry. CBO Yibo Ling stated that the company has acquired a "meaningful" equity position in Gopax, without disclosing the terms of the deal. | The acquisition comes a few months after Gopax halted withdrawals from certain products amid the collapse of the FTX exchange. | | Milk Road covers Meta’s metaverse losing $13.7B, stage 3 of the Bear Market, decentralized drug development and Amazon hiring a Web3 specialist. | |
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