Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$109,160.00
0.31%$2,661.55
1.86%$2.38
3.27%$662.17
0.22%$153.95
1.46%$0.999837
-0.00%$0.288371
0.73%$0.173
1.00%$2,659.08
1.77%$0.607617
3.19%$109,140.00
0.23%$39.74
3.10%$3,216.52
1.92%$2.95
0.99%$503.92
0.04%$13.97
1.23%$0.289633
12.28%$9.04
-0.30%$18.55
1.21%$0.999691
-0.02%$0.169384
5.06%$0.00001213
1.78%$2,853.27
2.06%$2.82
1.47%$2,661.03
1.81%$88.56
1.43%$46.59
3.73%$1.00
0.09%$318.79
1.50%$109,140.00
0.30%$3.52
2.29%$1.001
-0.00%$4.35
0.95%$8.20
5.54%$297.29
1.81%$0.0000103
0.79%$0.462798
0.29%$1.18
0.05%$326.18
1.36%$0.095843
-1.46%$4.52
1.36%$48.15
-0.10%$1.00
0.00%$2.27
1.93%$186.89
1.28%$4.94
2.24%$17.21
1.43%$0.813626
1.32%$1.058
0.00%$1.00
0.06%$0.078861
3.02%$0.592116
3.60%$4.22
1.71%$4.45
0.07%$15.90
1.47%$0.02177332
4.73%$0.201978
6.86%$0.674012
-0.65%$8.72
1.00%$0.269837
3.17%$0.079921
0.02%$3.24
1.43%$0.337915
-0.36%$0.187349
4.54%$2,661.98
1.95%$108,967.00
0.19%$2.35
1.54%$108.51
0.45%$0.00002006
-9.79%$4.54
0.60%$0.870638
-1.04%$0.266283
3.56%$0.999468
-0.03%$163.80
1.68%$0.99887
0.07%$11.05
-0.44%$1.001
0.06%$1.45
7.80%$0.442215
1.99%$2,788.88
1.78%$3,033.13
1.85%$1.22
0.10%$1.61
0.38%$0.01598685
-0.11%$0.999975
0.01%$1.066
1.12%$0.065157
0.07%$10.51
-0.97%$2,847.73
2.12%$0.661023
0.70%$2,795.62
1.83%$12.07
-15.94%$109,049.00
0.36%$1.00
0.06%$0.307106
0.82%$0.554402
1.27%$1.46
-0.44%$1.11
0.00%$3,318.20
0.13%$0.01446309
-4.75%$108,790.00
-0.03%$2,807.58
1.98%$1.00
0.03%$662.54
0.32%$0.14925
-0.74%$0.870356
0.95%$0.00008955
-2.63%$3.01
-3.11%$0.087036
2.06%$110,478.00
0.09%$3,309.49
0.07%$172.58
1.29%$0.507654
-0.05%$0.427055
0.82%$2.30
0.68%$2,873.88
1.82%$201.02
1.27%$0.546763
5.55%$0.715086
2.60%$111.72
0.01%$10.74
0.01%$0.998078
-0.02%$0.743993
2.01%$0.01476224
2.42%$2.45
7.91%$0.166503
3.75%$1.86
-0.56%$19.40
1.80%$1.091
0.32%$39.04
-7.94%$0.258125
3.70%$0.00000062
2.01%$0.230919
2.19%$0.01248546
1.37%$0.708294
0.54%$3.64
6.54%$2,660.26
1.75%$39.69
2.78%$0.997618
-0.07%$0.101611
3.51%$2,844.70
2.11%$108,851.00
0.84%$0.548009
2.26%$0.00862937
1.42%$108,949.00
0.06%$0.410787
1.53%$2,660.43
1.80%$2,788.42
2.70%$0.510751
1.02%$0.995057
0.22%$0.342646
3.04%$0.274348
2.05%$109,187.00
0.22%$0.499129
0.80%$0.999803
-0.03%$24.84
0.07%$0.998114
0.01%$2,660.77
1.77%$0.610946
0.73%$1.36
0.69%$0.01371403
-1.36%$1.47
5.22%$0.999813
0.00%$0.222112
-3.10%$0.287628
42.55%$39.63
2.63%$0.999806
-0.02%$0.04473732
3.08%$0.172835
1.02%$7.73
-0.18%$0.061177
0.48%$0.00000044
0.37%$0.00000111
3.13%$0.00434235
-1.22%$0.397824
-0.33%$2.30
0.01%$0.00728151
2.87%$0.116047
2.22%$2,830.38
1.85%$0.546114
2.35%$1.093
0.00%$0.995348
-0.45%$5.67
2.56%$42.35
3.69%$0.982024
-1.96%$13.81
1.40%$0.075572
0.47%$2,662.67
2.36%$0.144838
-3.77%$0.0000189
1.21%$0.312653
1.35%$0.999998
0.00%$109,171.00
0.37%$0.146376
2.35%$2.20
1.21%$0.507614
0.12%$2,936.21
1.90%$1.16
0.35%$0.361818
1.75%$0.96355
2.48%$0.00388949
3.15%$0.03662863
2.59%$5.40
5.09%$2,908.53
1.94%$1.45
-1.17%$0.03461512
0.28%$2,659.97
1.75%$20.66
0.42%$1.13
-1.60%$0.0465059
1.22%$0.01730888
0.00%$109,086.00
0.25%$0.00625258
2.23%$0.327253
3.00%$0.999743
-0.01%$0.490865
2.01%$2,639.32
1.34%$168.22
1.42%$0.00005848
2.96%$0.999071
-0.05%$0.999657
-0.06%$0.999528
-0.01%$0.761632
9.08%$10.42
0.70%$0.676774
1.38%$0.065608
0.82%$0.305205
-5.62%$114.87
1.07%$3,221.22
1.76%$1.094
1.93%$0.00346137
40.38%$0.291594
27.14%$0.708275
0.17%$0.202061
6.95%$0.999815
-0.04%$0.295675
2.33%$0.206005
1.64%$0.00340559
0.20%$18.63
1.48%$1.019
-0.07%$1.21
-0.07%$14.80
14.87%$106,468.00
-0.94%$109,141.00
0.50%$0.603527
1.41%$0.00000133
-0.89%$1.68
1.00%$2,192.13
0.29%Reading
Crypto exchange Coinbase has struggled to keep up with Ethereum’s flash crash.
As Ethereum’s price briefly hit levels unseens since August 2018, and associated ERC-20 tokens spiked in price, Coinbase’s servers hit some snags.
Both Ethereum and Ethereum Classic, as well as all ERC20 tokens, including those of DeFi protocols Compound, Maker and Chainlink, now suffer from “degraded performance,” Coinbase wrote on its website.
The issue, as reported in a Coinbase Incident report, concerns delayed withdrawals and deposits.
The problems hit ETH and ERC-20 tokens first, at 5.52am (UTC) on Sunday—just after the flash crash, during which the price of ETH fell from its peak of $411 to $370 within five minutes. Then at 10.50am, Coinbase recognized an issue with delayed Ethereum Classic deposits.
For whatever reason, Coinbase’s servers couldn’t handle it.
It could be the case that lots of people tried to sell off their ETH to prevent further losses. At the time of the crash, daily trading volume on Coinbase rose from $822 million to $1.1 billion within half an hour, according to metrics site Coin Gecko. Another reason could be that traders were busy converting their money into other, more stable currencies.
Coinbase resolved the Ethereum Classic issue within a couple of hours, but the site still lists the coin as suffering from “degraded performance.” As for ETH and its ERC-20 brethren, the message posted seven hours ago still remains: “The issue has been identified and a fix is being implemented.”
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The software developer who turned up on the call for an interview with UK verification startup Cheqd a few months ago ticked all the right boxes. Based somewhere in Europe, he knew his stuff, had some experience, and spoke good English. However, when they returned for the second round of the interview process and a live programming test, their accent had become distinctly more Asian, their internet connection was lagging, and their camera wouldn’t switch on. More concerningly, when the team at...
ReserveOne, a newly formed digital assets management firm, will debut on the Nasdaq through a $1 billion business combination with M3-Brigade Acquisition V, a blank-cheque company, both firms said in a press release on Tuesday. Mirroring U.S. President Donald Trump’s Bitcoin reserve and digital asset stockpile, ReserveOne plans to accumulate Bitcoin, Ethereum, and Solana, among other cryptocurrencies that could be leveraged in staking and lending, the companies said. Under the business combinati...
BlackRock's iShares Bitcoin Trust (IBIT) has broken the 700,000 BTC barrier, according to Glassnode data, just a year and a half after its debut in January 2024. That makes its assets under management worth just under $75.6 billion at today's values, per CoinGecko data. The Bitcoin exchange-traded fund is now the third most profitable fund by revenue at the world's largest asset manager, outstripping both the iShares Core S&P 500 ETF (IVV) and the iShares Russell 2000 ETF (IWM). IBIT has surpas...