A crypto whale withdrew 112,000 ETH from Gemini over the past three weeks and staked the tokens, with the holdings valued at approximately $208 million.

Coinbase CEO Brian Armstrong stated that the Clarity Act—legislation designed to clarify regulatory jurisdiction over digital assets between the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC)—has secured support from multiple senators and is slated for a Senate vote on September 15. He added that even if the bill fails to pass, the SEC and CFTC have signaled they will move forward with rulemaking, meaning regulatory clarity "will arrive regardless". On the operational front, Coinbase is pushing ahead with a diversified business shift, expanding its trading offerings to include stocks, commodities, and foreign exchange, while its non-trading revenue streams cover stablecoins and institutional custody services. The company reported Q2 revenue of $1.2 billion, down year-over-year, with a net loss of $359.5 million, marking three consecutive quarters of missing market expectations. Year-to-date, Coinbase’s stock price has fallen roughly 23%.

Elon Musk’s tunnel-boring startup The Boring Company has closed a $3 billion Series D funding round, valuing the firm at $23 billion.

According to Arkham’s monitoring, a Bitcoin (BTC) whale withdrew approximately $461.5 million worth of BTC from Coinbase two years ago and has not fully exited its position since. The whale’s holdings once posted an unrealized profit of around $315 million at BTC’s peak, while at this year’s July low, the position swung to an unrealized loss of roughly $100 million. Since August, the address has transferred about $82 million worth of BTC to Kraken, and currently holds roughly $418 million worth of BTC, with a current unrealized profit of approximately $40 million.

According to data from Alicharts, Bitcoin whale holdings have remained nearly unchanged over the past week, standing at around 5.23 million BTC. This aligns with Bitcoin’s sideways trading at high price levels. Alicharts notes that this indicates large investors are adopting a wait-and-see approach, waiting to take further action following the upcoming CPI report and FOMC meeting.

On-chain analyst Ai Yi (@ai_9684xtpa) monitored that the new address 0x4C2…C568a has accumulated 2,100 ETH today, valued at $5.18 million. The address withdrew the ETH from OKX four hours ago at an average price of $2,469, and this is currently the only position held by the address.

Coinbase Developer Platform tweeted that Coinbase for Agents is now available on Grok. Users can connect their Coinbase accounts to Grok, enabling them to use natural language to have Grok execute transactions, conduct analysis, and automate financial workflows, without needing to manually configure MCP.