Coinbase CEO Brian Armstrong recently sparked a debate after he drew parallels between Bitcoin ($BTC) and memecoins. He went on to state that Bitcoin was “somewhat a memecoin”. He based his argument on the fact that early technologies might appear frivolous initially, but they can evolve into something powerful over time.

Coinbase announced the SEC agreed to drop its case against the crypto exchange. Bitcoin falls on $1.4 billion Bybit hack.

Formerly known as MicroStrategy, Strategy (NASDAQ:MSTR) has announced that it has sold debt for approximately $1.99 billion, after fees, and used the money to

Bitcoin and Ethereum weathered Bybit’s $1.5B hack but face volatility ahead of Nvidia earnings and the PCE report. Key technical levels could determine the next major move.

While Coinbase reported a 141% increase in total revenue year-over-year, $2.3 billion fell just shy of a record-breaking performance for the exchange. During the height of the pandemic-era bull market in the fourth quarter of 2021, Coinbase boasted $2.5 billion in sales.

Bitcoin price stood at $95,425.16 registering a 24-hour dip of 0.99 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 82.79 lakh. ETH price stood at $2,709.63 marking a 24-hour dip of 2.48 percent at the time of writing. Ethereum price in India stood at Rs 2.35 lakh.

Coinbase premium indicator, which measures the spread between BTC's dollar-denominated price on the Coinbase exchange and tether-denominated price on Binance, has flipped negative for the first time since the Feb.

Bitcoin's negative Coinbase premium signals selling pressure with US traders eyeing CPI data and inflation trends impacting markets.

CEO Brian Armstrong threw an unexpected perspective into the crypto conversation, arguing that even Bitcoin is “somewhat a meme