CoinMarketCap Daily, Sept. 9: Coinbase Told to Get 'Aggressive'
Market Musings

CoinMarketCap Daily, Sept. 9: Coinbase Told to Get 'Aggressive'

By Connor Sephton
1mo ago
2m

Plus, which MicroStrategy insiders sold off stock after Bitcoin's surge in August?

CoinMarketCap Daily, Sept. 9: Coinbase Told to Get 'Aggressive'

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Coinbase Told to Be 'Aggressive' with SEC 😤

Billionaire crypto investor Mark Cuban is urging Coinbase to stand up to the U.S. Securities and Exchange Commission. The platform is being threatened with legal action over its new lending product — but doesn't know why. With Coinbase shares falling, Cuban warned the SEC could "cripple" crypto and cause the economy to miss out on trillions of dollars. The latest.

Robinhood Rolls Out Dollar Cost Averaging 💵

Robinhood has unveiled a new feature that allows crypto investors to purchase their favorite coins automatically on daily, weekly, fortnightly or monthly basis. The trading app says that the minimum spend for this feature is $1. Enthusiasts regard dollar cost averaging as a way of navigating the wild swings that can be seen in the crypto markets. Learn more here.

NFTs to Be Created for Top Spanish Footballers ⚽️

Spain’s top-flight football league has signed a new deal to create non-fungible tokens for all of its players. La Liga's partnership is with the fantasy football platform Sorare. The league is home to major teams including Real Madrid and FC Barcelona. Sorare is planning to enter into partnerships with all 20 of the world’s top football leagues by the end of this year. Read more.

MicroStrategy Insiders Sold Stock After BTC Surge 📈

Two MicroStrategy executives sold off shares in the company in August. Chief financial officer Le Phong and chief technology officer Timothy Lang both pocketed $7 million. Bloomberg has queried whether this suggests they aren't a fan of tying the company's long-term fortunes to Bitcoin. MicroStrategy's CEO, Michael Saylor, hasn't sold any of his stock. Here's the story.