Coinbase Crash… We’re So Backkk!!!

Hello and welcome to another crypto news roundup by your favorite portfolio tracking and trading platform, Coinigy.

How do you know we’re in a bull market?… besides new crypto “gurus” dropping hot takes on BTC’s surge to $150,000.

It’s when Coinbase crashes 😆

So, last week, Coinbase experienced a downtime, which, of course, always happens during bull runs.

• Think 2017
• Then 2020
• And again in 2021 as BTC hit $69K 👀

Will history repeat itself again?

Well, we’ll leave it to you to decide. 

Anyway, here are the hottest stories from last week:

• Coinbase Crash Could Mean Another Bitcoin Bull Run Is Coming—Here’s Why
• Portal Airdrop Begins as Ethereum Gaming Token Hits $425 Million Market Cap
• Wells Fargo, Merrill to Offer Bitcoin ETFs to Wealth Management Clients: Bloomberg
• Gemini to Return at Least $1.1B to Earn Customers in Settlement With NYDFS

Coinbase Crash Could Mean Another Bitcoin Bull Run Is Coming—Here’s Why

Coinbase’s history of going down during surges in traffic prompted crypto Twitter another opportunity to poke fun at the exchange, designating the familiar technical difficulties as a positive market indicator.

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Portal Airdrop Begins as Ethereum Gaming Token Hits $425 Million Market Cap

PORTAL, minted on Ethereum, is currently priced at $2.54 per token according to data from CoinGecko, with just over 167 million tokens currently on the market—nearly 17% of the total supply of 1 billion tokens. That puts the market cap at about $425 million.

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Wells Fargo, Merrill to Offer Bitcoin ETFs to Wealth Management Clients: Bloomberg

Bank of America Corp.’s Merrill arm and Wells Fargo & Co.’s brokerage unit are offering access to ETFs that invest directly in Bitcoin, underscoring the increasing acceptance of the products by mainstream firms.

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Gemini to Return at Least $1.1B to Earn Customers in Settlement With NYDFS

Cryptocurrency exchange Gemini and New York State Department of Financial Services (NYDFS) have reached a settlement that will see Gemini return at least $1.1 billion to customers of the Gemini Earn Program through the Genesis bankruptcy proceeding.

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Other Highlights Worth Mentioning

Novogratz predicts Bitcoin could ‘take off and measure to $150,000’ – AMBCrypto

Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. … Again – CoinDesk

Bitcoin breaches $60K for the first time…. in over 2 years – Coinlive

SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins – Coindesk

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• Source: https://insights.coinigy.com/coinbase-crash-were-so-backkk/