How to get the best out of Claude Pro as Anthropic increases access to 100k token model

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How to get the best out of Claude Pro as Anthropic increases access to 100k token model

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Bitcoin mining is for the people, thanks to GoMining
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Coinbase, Circle, Aave, and more partner to launch Tokenized Asset Coalition

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The FBI revealed in a Sept. 6 report that the North Korean hacking entity Lazarus Group wa...

Former FTX co-CEO Ryan Salame pleads guilty to all charges

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Former FTX co-CEO Ryan Salame is expected to plead guilty to the criminal charges against...

Binance linked to money laundering scheme in Belgian extradition case: Bloomberg

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Binance linked to money laundering scheme in Belgian extradition case: Bloomberg
Belgian authorities are seeking the extradition of a London-based fintech professional, Caio Marches...

Palau to discontinue dollar-based stablecoin two months after launch

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Coinbase insiders dump over $30M stocks amid SEC lawsuit, but share value defies odds

cyptouser7 months ago204
Coinbase insiders dump over $30M stocks amid SEC lawsuit, but share value defies odds

Coinbase top executives have sold more than $30 million worth of the company shares since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange on June 6, according to Dataroma.

Armstrong lead sales

Coinbase’s co-founder and CEO Brian Armstrong led the sales with 43 transactions between June 5 and August 1. During this period, Armstrong divested $21.17 million worth of COIN stocks.

Armstrong’s timing in selling his shares, including the sale of almost 30,000 shares in eight transactions just a day before the SEC lawsuit, raised eyebrows from the crypto community. Some believed he might have had advance knowledge of the regulatory action.

However, these suspicions were dispelled as the stock sales were revealed to be part of a pre-arranged selling plan dating back to August 2022 and fully complied with the SEC’s Rule 10b5-1.

CryptoSlate reported that Armstrong’s selling trend had begun in November 2022 when he pledged to sell 2% of his stake at the crypto firm to fund scientific research and development through two startups — NewLimit and Research Hub.

Aside from Armstrong, several other top executives, including the firm’s chief accounting officer Jennifer Jones, chief legal officer Paul Grewal, chief people officer Lawrence Brock, and Director Rajaram Gokul, also divested their shares during this timeframe.

Coinbase stocks unaffected

COIN stock remains largely unaffected despite these sales, boasting more than 100% year-to-date increase and a robust 50% gain since the SEC’s lawsuit filing on June 6.

Coinbase insiders dump over $30M stocks amid SEC lawsuit, but share value defies odds
Coinbase top executives have sold more than $30 million worth of the company shares since the U.S. S...