#coinbase

Coinbase has reportedly informed select users of a subpoena it received from the Commodity Futures Trading Commission (CFTC).

Coinbase's blockchain, Base, has set a new daily transaction record, reaching 1.88 million transactions. This achievement surpasses its previous high of 1.41 million transactions, established shortly after its launch in August. Notably, this number surpasses the combined daily transactions of both Optimism and Arbitrum, which totaled 878,000 transactions.

In an interview with CNBC, Coinbase CEO Brian Armstrong mentioned:

It involved two transactions of 150,000 ETH each, totaling approximately $480 million. The purpose behind this transfer remains a mystery, and it may not necessarily impact the price.