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Coinbase cold wallet moved 16,000 Bitcoin worth nearly $1 billion this morning

Coinbase cold wallet moved 16,000 Bitcoin worth nearly $1 billion this morning

Bitget2024/05/15 08:56

ChainCatcher news, according to Cryptoslate, Arkham Intelligence data shows that Coinbase cold wallet transferred 16,000 Bitcoins this morning, worth nearly $1 billion.

Coinbase exchange balance has been steadily declining in 2024. According to CryptoQuant, the balance started the year from about 418,000 BTC and currently stands at about 267,000 BTC.

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When the market worries about the sustainability of AI profitability, HSBC makes a contrarian statement: US stocks are "not expensive," and the structural investment cycle of AI has not yet been fully priced in.