Coinbase crypto exchange executes internal wallet migration

The Cardano blockchain experienced a temporary chain split on Friday due to an old software bug triggered by an abnormal transaction, raising concerns about the network's stability. Despite this incident, ADA, the native cryptocurrency of Cardano, has managed to maintain its value amidst the disruption.

Coinbase has announced plans to introduce 24/7 trading for various altcoins, including SHIB, Bitcoin Cash, and Dogecoin, alongside U.S. perpetual-style futures that will settle on a five-year expiry. This move is part of Coinbase's strategy to enhance its trading offerings and attract a broader user base.

Coinbase has executed an internal wallet migration, a standard practice in the cryptocurrency industry aimed at enhancing cybersecurity measures. This migration reflects the company's commitment to maintaining high security standards amidst evolving threats in the digital asset space.

Bitcoin is experiencing its worst weekly performance since March, with U.S. demand indicators weakening as evidenced by a significant decline in the Coinbase premium and record volumes in spot ETFs. This downturn reflects a broader bearish trend in the cryptocurrency market, with Bitcoin's price dropping sharply from previous highs.

A solo Bitcoin miner has achieved a remarkable feat by earning 3.146 BTC, valued at approximately $266,000, with a computing power of just 1.2 TH/s, defying significant odds in the cryptocurrency mining landscape.

A solo Bitcoin miner has achieved a remarkable feat by earning 3.146 BTC, valued at approximately $266,000, with a computing power of just 1.2 TH/s, defying significant odds in the cryptocurrency mining landscape.

Jeff Park, a notable figure in the cryptocurrency sector, has indicated that the adoption of Bitcoin by sovereign nations could act as a significant catalyst for its price, potentially propelling it to $150,000. He emphasized that this increase would need to be based on genuine adoption rather than speculation.

ETH price has fallen to a four-month low, dipping below $3,000 for the first time since July, raising concerns about the sustainability of the current bull market. Despite this decline, futures data suggests a potential bounce back to $3,200 for Ether, indicating some market resilience.