🔍 COINBASE HAS BEEN TAKING HALF OF CIRCLE’S REVENUE
According to Artemis, Coinbase’s revenue share from Circle has surged from 17.8% in Q1 2022 to roughly 50% in each of the last two years.
This is because Coinbase earns roughly 100% of the yield on USDC held inside its products, plus a 50% share of off-platform balances under Circle’s payment waterfall.
@BlockentReport
According to Artemis, Coinbase’s revenue share from Circle has surged from 17.8% in Q1 2022 to roughly 50% in each of the last two years.
This is because Coinbase earns roughly 100% of the yield on USDC held inside its products, plus a 50% share of off-platform balances under Circle’s payment waterfall.
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⚡️ JUST IN: The Verus Bridge exploiter has returned 4,052 $ETH ($8.5M) after draining $11.58M from the protocol.
The returned funds represent 75% of the stolen assets, leaving 25%, or 1,350 $ETH ($2.8M), as a bounty, per PeckShield.
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The returned funds represent 75% of the stolen assets, leaving 25%, or 1,350 $ETH ($2.8M), as a bounty, per PeckShield.
@BlockentReport
🚨 UPDATE: Polymarket’s VP of Engineering says no Polymarket or UMA contracts were exploited, and all user funds are safe.
The issue was reportedly a compromised 6y/o private key used in an internal top-up config.
Polymarket says the key has now been rotated, production permissions revoked, and all private keys are being moved to KMS.
@BlockentReport
The issue was reportedly a compromised 6y/o private key used in an internal top-up config.
Polymarket says the key has now been rotated, production permissions revoked, and all private keys are being moved to KMS.
@BlockentReport
🚨 JUST IN: Gold is heading for its 3rd RED month in a row, its LONGEST losing streak in nearly 4 years.
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🔥 UPDATE: NYSE parent ICE and OKX are partnering to launch Brent and WTI oil perpetual futures.
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JUST IN: 🇺🇸 Department of War releases second batch of UFO and potential alien life files.
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Check wallet risk before you interact!
With , you can scan any Ethereum address, contract or ENS name to see its Toxic Score, wallet health, approvals, airdrops and risky activity.
Just paste the address and check the risk 💪
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With , you can scan any Ethereum address, contract or ENS name to see its Toxic Score, wallet health, approvals, airdrops and risky activity.
Just paste the address and check the risk 💪
@BlockentReport
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JUST IN: 🇺🇸 Pro-crypto Kevin Warsh officially sworn in as Federal Reserve Chair, replacing Jerome Powell.
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🔥PRO-CRYPTO KEVIN WARSH SWORN IN AS FED CHAIR
Kevin Warsh has officially replaced Jerome Powell as Chair of the Federal Reserve.
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Kevin Warsh has officially replaced Jerome Powell as Chair of the Federal Reserve.
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