What is Coinbase?

The FASB stablecoin ruling grants cash-equivalent status only to stablecoins redeemable directly with an issuer (not via an exchange) and backed by cash or T-bills, structurally excluding Tether and intermediated redemption paths like Coinbase.

“FASB according to this rule the answer can be yes stable coins are cash or cash equivalent if the following things are true. You can cash out whenever you want, which means you need a direct relationship with Circle basically or Paxos. you can you must cash out with the issuer itself, not a middleman. So you can't use Coinbase. You have to go straight to Circle. And also the issuer itself backs every coin with real cash or short-term T bills, which is just genius compliant, which means not Tether.”

Ryan Sean Adams on the FASB stablecoin ruling effectively excluding Tether from corporate balance-sheet treatment.

“FASB according to this rule the answer can be yes stable coins are cash or cash equivalent if the following things are true. You can cash out whenever you want, which means you need a direct relationship with Circle basically or Paxos. you can you must cash out with the issuer itself, not a middleman. So you can't use Coinbase. You have to go straight to Circle. And also the issuer itself backs every coin with real cash or short-term T bills, which is just genius compliant, which means not Tether.”

DPRK hackers were found inside major enterprises including Aon, Oppo, Coinbase, Uniswap Labs, and Italy's Supreme Judicial Council, contradicting the assumption that their campaigns mostly hit small to medium targets.

“I've always just thought that the other stuff going on is probably a long tail of small to medium actors on small to But these are big names that they were found in this research set like Aon Smart Technologies, Chinese phone manufacturer Oppo, crypto currency firms like Coinbase, Uniswap Labs, Italy Supreme Judicial Council.”

Coinbase is cutting 14% of staff (roughly 700 employees) and citing AI as the primary reason, marking one of the clearest cases of AI-driven headcount reduction at a major crypto firm.

“Coinbase is cutting 14% of their staff. It's 700 And they're citing AI.”

The Beacon Network, formed with Coinbase and Binance, covers approximately 85% of all centralized crypto as a real-time illicit-funds alert system.

“We reached out to Coinbase and Binance, to me the most significant exchanges in the world, and said, "How are we going to keep funds on chain? How are we going to stop bad actors from using these platforms?" And we formed something called the And the Beacon Network accounts for about 85% of all centralized crypto today.”

Coinbase users hold large unrealized Bitcoin and ETH gains, making Base a uniquely strong market for borrow-lend protocols like Morpho. Robinhood users lack the same long-dated cost basis, so the two chains will attract structurally different DeFi activity.

“One thing that Coinbase has that Robin Hood doesn't is a lot of users who sit on unrealized cap gains on Bitcoin and ETH. And what this actually does, the dynamic here is it makes it makes the coin ba it makes Coinbase and actually base a really great market for borrow lend protocols like Morpho where users who don't want to sell can borrow against their assets.”

TRM Labs, blockchain intelligence firm behind the Beacon Network, worth watching for its industry-wide coordination role covering 85% of centralized crypto.

“We reached out to Coinbase and Binance, to me the most significant exchanges in the world, and said, "How are we going to keep funds on chain? How are we going to stop bad actors from using these platforms?" And we formed something called the And the Beacon Network accounts for about 85% of all centralized crypto today.”

Coinbase CEO on eliminating pure management roles in the AI era.

“I just don't need anybody at Coinbase that isn't also an individual contributor anymore.”

Coinbase holds 15 billion dollars in idle USDC on its platform.

“They have $15 billion of idle USDC.”

Morpho, a borrow-lend protocol on Base, is positioned to benefit from Coinbase users seeking to borrow against long-held Bitcoin and ETH rather than trigger taxable sales.

“Bass and Robin Hood chain look similar but it's possible that the early activity on each is very different. One thing that Coinbase has that Robin Hood doesn't is a lot of users who sit on unrealized cap gains on Bitcoin and ETH. And what this actually does, the dynamic here is it makes it makes the coin ba it makes Coinbase and actually base a really great market for borrow lend protocols like Morpho where users who don't want to sell can borrow against their assets. Robin Hood probably doesn't have the same thing as much as Coinbase does, right? Coinbase has people who are like buying Bitcoin in 2013 and 14 and 15. Robin Hood has more.”