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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
Staked ETH has risen 18% to over 16 million ETH but over 70% of stakers have made losses, according to Dune analytics.
The full closure will come after Coinbase finalizes discussions with Japanese regulators.
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
