Coinbase status: access issues and outage reports

Problems in the last 24 hours

The graph below depicts the number of Coinbase reports received over the last 24 hours by time of day. When the number of reports exceeds the baseline, represented by the red line, an outage is determined.

Most Reported Problems

The following are the most recent problems reported by Coinbase users through our website.

• Transactions (33%)
• Login (33%)
• Withdrawals (33%)

Live Outage Map

The most recent Coinbase outage reports came from the following cities:

City	Problem Type	Report Time
Seattle	Login	5 days ago
Paris	Withdrawals	2 months ago
Le Taillan-Médoc	Transactions	2 months ago
Leipzig	Transactions	3 months ago
Maquoketa	Website	3 months ago
West Liberty	Login	4 months ago

Full Outage Map

Community Discussion

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Coinbase Issues Reports

Latest outage, problems and issue reports in social media:

• 
  mleejr (@MLeeJr) reported 9 seconds ago

  @seyong @fomo now over $80k on fomo @seyong 🫡 buying and holding this coin for months and months and months up down 90 up again down 80 up up down down up listed on coinbase up up down again back up a little thousands of us still here ill be the fomo example of buy and hold can make the top of leaderboard too plus moonpay sent the grok has money tweet yesterday did 100k impressions so easy 🤝

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 3 minutes ago

  ISHARES BITCOIN TRUST $IBIT WAS 85% OF TUESDAY'S WITHDRAWALS FROM EVERY US BITCOIN FUND: iShares Bitcoin Trust IBIT at $43.71 (after hours), -$0.05 / -0.11%. A spot ETF holds the real coins in storage and cuts the pile into shares that trade in an ordinary brokerage account, so the share stands on actual bitcoin rather than a bet about the price. At about $60.3B it is the largest of them. On Tuesday, $236.46M of investor money left US spot bitcoin funds as a group. $201.18M of that - 85% - came out of this one. Every other American bitcoin fund put together accounted for the remaining $35.28M. And the coin itself did almost nothing. - Bitcoin, ticker BTC: $77,128, -0.16% over the past 24 hours - Ethereum, ticker ETH, the second largest: $2,383, -1.22% A FUND HAS NO OPINION A spot ETF does not decide anything. When more people want shares than are handing them back, it creates new shares and buys coins to stand behind them. When the flow reverses, it cancels shares and sells coins. The fund is a headcount of who showed up. So "it sold $201M of bitcoin on Tuesday" is not a view anybody holds. It is a tally of people leaving. And this week the tally changed its mind twice: - Monday, August 31: +$216.70M into US spot bitcoin funds, $205.90M of it into this one - 95% of the day - Tuesday, September 1: -$236.46M, the largest single-day withdrawal since July 31 Set $201.18M against the $60.3B the fund holds: about a third of one percent of the pile - real money, nowhere near enough to set a price by itself. The month behind it ran the other way. August took in $3.52B, the strongest month of 2026, against $172M in July - roughly twenty times July's total. Ether funds are not doing the same thing: they took in about $11M on the same Tuesday bitcoin funds shed $236M. WHAT IS PUSHING ON THE PRICE Bitcoin pays no interest, no dividend and no rent, ever, so it competes with whatever safe money pays - and safe money got dearer this week. The 10-year Treasury yield, what the US government pays to borrow for a decade, touched 4.814% today, its highest since November 2023. Federal Reserve Chair Kevin Warsh told Jackson Hole on August 28 that the underlying trend in inflation has not improved, and interest-rate futures now put the odds of a quarter-point rate INCREASE at the September 15-16 Fed meeting near 66%, from roughly 40% the week before. That is what took the morning down: about $369.67M of borrowed crypto bets were force-closed - a liquidation, meaning an exchange automatically closing a position bought with borrowed money when the price moves far enough against it. After all of it, bitcoin sits 0.16% below where it stood a day earlier. THREE DOORS, THREE DIFFERENT ANSWERS A brokerage app will not sell you a bitcoin. It sells shares. Three sit closest, and today they did not agree. - THE FUND: down 0.11% while the coin was down 0.16%. Those two lines tracking each other is the entire design. - THE EXCHANGE: Coinbase, ticker COIN, at $175.37 (after hours), -$1.45 / -0.82%. The New York company runs the largest US crypto exchange, employs 4,951 people and is worth $46.2B - market value, the share price times every share. It collects a fee when somebody trades, in either direction, so what it needs is activity rather than a higher coin. - THE STOCKPILE: Strategy, ticker MSTR, at $123.09 (after hours), -$1.79 / -1.43%. The Tysons Corner, Virginia company, 1,539 staff, worth $47.4B, borrows money and sells its own shares to buy bitcoin and hold it, so its price carries the coin and the borrowing at once. The coin moved 0.16%. The three answers ran from -0.11% to -1.43%. That gap is not bitcoin. It is everything else each one has attached to it. Two caveats. The coin's figure covers 24 hours around the clock and a share's covers one trading day, so the windows are not identical. And hardly anybody was here: the fund traded 30.4M shares against an 80.2M two-week average, under 40% of normal. WHERE THESE SIT No Len5 carries the fund, and none can: every one of them weighs a business - what it sells, what it keeps, who decides - and a pile of coins in storage has none of those parts. Coinbase and Strategy are businesses, and neither is on any of the six. One fact settles most of it: both ended the last twelve months in a loss. Quality-Value hunts a durable business at a fair price, Deep-Value and Special-Situations one priced under what it looks worth, Growth expansion nobody is overpaying for, Hypergrowth an early company growing fast - all four need a profit to price against, and there is not one. Neither pays a common dividend, which settles Income. Momentum watches a company climbing on news of its own, and both fell today on no news of their own. WHAT WOULD CHANGE COINBASE: a profitable year - and its fees rise with how busy customers are rather than with bitcoin, so a crowded quarter could deliver one while the coin goes nowhere. WHAT WOULD CHANGE STRATEGY: a full year of reported profit, with a catch - the profit line there is largely the coin's own price written into the accounts, so a value style would still be weighing bitcoin instead of a business. WHERE THIS BREAKS Crypto is volatile and speculative, and nothing here forecasts a price. Flow figures are daily tallies published a day behind, so today's is not in yet. Every share price above is a live after-hours mark. Friday at 8:30am ET the Bureau of Labor Statistics publishes the August employment report - the government's own count of jobs added or lost, plus the unemployment rate - after July LOST 23,000 jobs at 4.1%. US markets are shut Monday, September 7. $216.70M in on Monday. $236.46M out on Tuesday. $369.67M of borrowed bets closed on Wednesday morning. And a bitcoin costs 0.16% less than it did a day ago. Flow numbers tell you who moved. They are not the same thing as what anybody decided a coin is worth, and this week those two barely spoke to each other. Not investment advice.

• 
  Net-Updates by StabilityTest (@stabilitystatus) reported 10 minutes ago

  Coinbase Service Disruption We are aware that customers may experience degraded performance on Prediction Markets tab on mobile at this time. Web is wor… Status: Investigating Impact: None Updated: 10:32 PM GMT+0000 Service status tracked by @stabilitytestio #Coinbase #Outage

• 
  Soldad (@JoeRohr8) reported 11 minutes ago

  @baseapp I am a 100% supporter of coinbase, but I have to tell you I'm quite disappointed in the base app. Wallet, not easy to use. I found the older version was much better. Hopefully we can get this tweaked and working better

• 
  Sunny Po (@sunny051488) reported 13 minutes ago

  @MundokAdam I logged into my Coinbase and Fidelity and I only see btc in my positions. Pls fix

• 
  Allen Paton (@N1bhoy) reported 16 minutes ago

  @s12ocg @DIEGORTIIZ @coinbase Correct . Never had any problems sending before . Assuming Coinbase stopping people from transferring out of the exchange. Won’t be using Coinbase til fixed

• 
  Alexandru Chitu (@AlejandroChitu) reported 19 minutes ago

  @DontBlameMeImV @MultiversX That’s the real question, not the upgrade itself. Supernova doesn’t create clients. It removes the excuse that the chain is too slow or too expensive for the workload that’s coming: agents settling millions of micro-transactions. “No one is interested” is true at the retail/media layer. It’s less true at the protocol layer. Google (UCP), OpenAI/Stripe (ACP), Coinbase (x402) and Anthropic (MCP) are the standards institutions are lining up for agent commerce. Very few L1s have that stack on a chain that can scale horizontally. Prospects don’t appear the week after a hard fork. They appear when the rails finally match the use case. Block time goes from 6 seconds to 600ms on September 10. After that, the wait is no longer for adoption.

• 
  TRUSTAUTHY (@helloTrustauthy) reported 22 minutes ago

  You added x402 to your API last month. This morning a wallet you have never seen paid for four thousand requests and disappeared. Was that a customer, or was that a problem? Right now you have almost no way to answer. If you are on a Coinbase facilitator you get OFAC screening, so you know the wallet is not on a sanctions list. That is a real check and it is worth having. It is also the smallest possible answer, because nearly every wallet in the world is not on a sanctions list. What you actually want to know is who is operating that wallet, and whether they will be back tomorrow from a different address. Human customers leave a trail you can reason about. An account, an IP, a purchase history, a pattern. An agent leaves a signature. One operator can run many agents, one agent can rotate through as many wallets as it likes, and blocking one address just means the same operator returns wearing another one. TrustAgent is security for that moment. You hand it the wallet that just paid you. It hands back pass, hold, or block, with the reasoning written out in language you can argue with. We are looking for people running x402 endpoints who will let us run it against live traffic. If that is you, say so.

• 
  STYRΞNΞ ✂️ (@sty_defi) reported 28 minutes ago

  Burgz says buying the exact top of solana:DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263 got him hooked on onchain trading: "I was a Coinbase only trader for years... The real entry I would say is January 2024, I was at a bachelor party and me and Swizz have a good mutual real life friend. He just started going crazy to me about BONK... So I basically flipped all of the Bitcoin that I had in Coinbase at the time into BONK." "I was looking back at that chart, that was I think February or March of 2024. It was basically the pico top of BONK and rode that down to whatever that local low was. Sold it all, lost the money, and was hooked. Never left." "By then we were trading **** like Thomas the Dank Engine on whatever the first UI of Raydium was... The **** would bug out and you were jamming refresh on the page to try to get a $50 buy through. I've stuck around since then and hit some good trades, and it's been good."

• 
  𝗘𝗹𝗹𝗮 (@Ellaweb_3) reported 29 minutes ago

  Solana opened at $103.03 on Coinbase today, reached $104.36 and traded as low as $98.30, moving below its former breakout area intraday. For $SOL , I’m treating $100-$103 as the immediate reclaim zone, recovering it on a daily basis would weaken the breakdown attempt while continued rejection would keep pressure on $97.5-$98.5. A daily close below $98 would make $94-$96 the next structural area I would monitor. Until either side confirms, I see this as a support-breakdown test, not a completed bearish reversal.

• 
  Bridger Pennington (@bridger_penn) reported 29 minutes ago

  HUGE NEWS FOR CRYPTO 🚨: Coinbase CEO Brian Armstrong just confirmed what he's been saying for 4 months: there are now officially more AI agent accounts on Coinbase than human ones. Not just speculation anymore — the agent economy is here. This moved faster than anyone saw coming, and it's still super early. Can't help but wonder what this looks like a few months out! Curious about your thoughts, drop a comment below

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 31 minutes ago

  COINBASE $COIN GETS PAID WHETHER BITCOIN RISES OR FALLS. THE SHARE PRICE DOES NOT AGREE: Coinbase COIN at $173.78, -$3.04 / -1.72% today. The New York company runs the largest US crypto exchange and stores coins for other people, employs 4,951, and is worth $45.85B - market cap, meaning the share price times every share in existence. It is falling this morning almost in step with bitcoin, even though roughly half its revenue no longer depends on which way bitcoin goes. That gap is the post. WHERE THE COINS ARE - Bitcoin, ticker BTC: $76,619, -1.25% over the past 24 hours - Ethereum, ticker ETH, the second largest: $2,380, -2.28% WHAT IS PUSHING THEM DOWN The return on safe money. Neither coin pays interest, a dividend or rent, ever, so raise what a government bond pays for taking no risk and the thing paying nothing gets marked down first. At 8:15 this morning ADP Research published its August count of jobs added at private US employers: +38,000, against about 47,000 economists expected, with July revised to +46,000 - the slowest private hiring since January. A soft jobs number normally pulls borrowing costs down. It did not. The 10-year Treasury yield, what the US government pays to borrow for a decade, sat near 4.79% Tuesday, and interest-rate futures put the odds of a quarter-point rate INCREASE at the Federal Reserve's September 15-16 meeting near 70%. DOOR ONE - THE FUND iShares Bitcoin Trust, ticker IBIT, at $43.42, -$0.34 / -0.78%. A spot ETF is a fund that holds the real coin in storage and cuts the pile into shares that trade in an ordinary brokerage account - the shares stand on actual bitcoin, not on a bet about the price. At $59.81B it is worth more than either company below, and its 0.25% annual fee comes out in bitcoin, so a share stands on slightly less coin each year. DOOR TWO - THE TOLL BOOTH Coinbase reported July 30, for the June quarter. - Transaction revenue $599M - a fee charged on trades. It is paid on volume, and people sell in a panic as busily as they buy in a rally - Subscription and services $555M - a record 48% of net revenue, from 29% at the end of 2024. Custody, staking, subscriptions and interest on stablecoin reserves, earned on balances sitting there rather than on anyone choosing to trade today - Total revenue $1.2B against about $1.35B expected - a miss. Net loss $359M, or $1.36 a share, against about a penny of loss modeled Two honest catches. Not depending on trading is not the same as growing - the stablecoin line inside that $555M fell $17M from a year earlier, to $292M. And the market plainly does not price this as a business. It prices it as bitcoin, which is how a 1.25% night in a coin becomes a 1.72% morning in a share. DOOR THREE - THE BORROWED BET Strategy, formerly MicroStrategy, ticker MSTR, at $122.44, -$2.44 / -1.95%. The Tysons Corner, Virginia company, 1,539 staff, borrows money and issues shares to buy bitcoin and hold it. On August 31 it disclosed its first purchase in roughly ten weeks: 4,603 coins for $369.7M in the week to August 30, at an average $80,318 each. Bitcoin is $76,619 this morning, so that week's coins already sit about 4.6% under what was paid for them. The whole pile is the better number. 845,050 bitcoin at an aggregate $63.73B - an average $75,412 a coin, about 1.6% below this morning's price. Roughly 4% of the 21 million bitcoin that will ever exist sits in one company's account, and the whole pile is barely above what was paid for it. The funding is the part worth reading. That week's coins were bought with proceeds from selling 4,531,421 of its own shares. Convertible debt - bonds that can turn into shares - was cut 18% in the June quarter, to $6.7B from $8.2B. And about $218.4M of bitcoin has been sold this year to help cover preferred-stock dividends running at 12%. THE SAME COIN, THREE DIFFERENT HOLES From last October's highs to this morning: - The fund: -39.5% - Coinbase: -56.8% - Strategy: -66.5% One asset underneath all three. The further a holding sits from simply owning the coin, the harder the same move lands - upward exactly as readily, which is the half people forget while it is going up. WHERE THESE SIT The fund cannot be a Len5 pick at all. All six weigh a business, and a box of coins has no sales, no customers and nobody who can fix a bad year. Coinbase and Strategy are on none of the six either, and one fact does most of it: both ended the last twelve months in a loss. Quality-Value wants a durable business at a fair price, Deep-Value and Special-Situations one priced under what it looks worth, Growth and Hypergrowth expansion nobody overpays for - all four need a profit to measure against and there is not one. Momentum watches a company climbing on news of its own, and both are falling this morning on somebody else's. Neither pays a common dividend, which settles Income. WHAT WOULD CHANGE COINBASE: that 48% half growing into a profitable year, giving a style something other than the coin to price. WHAT WOULD CHANGE STRATEGY: profit earned by something other than the coin rising, because the coin is now every line in its accounts. WHERE THIS BREAKS Crypto is volatile and speculative and nothing here forecasts a price. Scale of the swing: at June 30 Strategy carried its coins at $49.7B against a $63.9B cost, about $14B under water. Nine weeks later the same pile sits a little above cost, on a number the company does not control at all. Friday at 8:30am ET the Bureau of Labor Statistics publishes the August employment report - the government's own count of jobs added or lost, plus the unemployment rate - after July LOST 23,000 jobs at 4.1%. It regularly disagrees with the private count. Strategy has one number it cannot move: 845,050 coins at an average $75,412. Coinbase has one it can - the share of its revenue that no longer waits for anybody to press a button. Bitcoin re-settles the first every few hours. The second takes years, and almost nobody watching the coin this morning is watching it. Not investment advice.

• 
  RisingCap (@0xRisingCapital) reported 38 minutes ago

  Net pressure: neutral. The bearish long-term holder read is weaker than it appeared, because the selling has stopped. The bullish case is weaker too, because nothing is being built underneath. 1. Long-term holder supply has been negative for over a month, which normally reads as an exit. Two faster metrics show the selling was a single event in early August that has since ended, and that almost nothing is replacing those holders. 2. Coin days destroyed is the decisive read. It spiked in early August, led by the long-term holder component while short-term destruction stayed subdued. Old coins genuinely moved, and the timing matches the long-term holder position turning negative. But CDD has decayed steadily through late August and now sits near baseline, with long and short-term components converged. Old-coin movement happened once and stopped, while price held $77K to $80K throughout. Distribution that ends while price holds is a completed rotation, not an ongoing exit. That resolves a question the aggregate supply figure could not answer for a month. 4. The age-band structure shows where those coins went and what is behind them. The six-month-to-one-year band has expanded steadily since March while the three-to-six month bands compressed, which is the November-December capitulation cohort aging through the ladder. Those coins are past the long-term threshold already. They aged in rather than being spent. 5. The problem is upstream. The youngest bands, one day through two months, are flat and thin through August with no visible swelling from the run to $80K. Realized capital in those bands measures coins acquired at recent prices. A rally bringing genuine new participation would thicken them. It has not. That matches the Coinbase premium, which touched positive last week and has slipped back to −0.04, never confirming. 6. Exchange reserve says the same thing in a third way: 2.708M, down sharply from 2.737M on Aug 17, then flat for two weeks. The outflow that accompanied the rally has stopped. Coins are not returning to exchanges, which is constructive, but they are not leaving either. The synthesis: old holders sold once, the market absorbed it, and few new long-term holders are forming to replace them. Not accumulation resuming, not distribution accelerating. A market that has changed hands and is now waiting. source: checkonchain, CryptoQuant · Sep 3

• 
  The Crypto Compass (@CryptoCompassCA) reported 38 minutes ago

  [2/4] The fee drops from 2% to a flat 0.5% base starting Sept 7th. On a $1,000 trade, that's $20 in fees down to $5. We stacked it against Newton, Bitbuy, Coinbase, and Kraken — the honest answer isn't a simple "yes."

• 
  IfhamEllahi (@IfhamEllah) reported 38 minutes ago

  Every mission gets tested the first time it costs money. My question for anyone joining Coinbase: when did the company last turn down revenue because it would have made a customer less free? If that story gets told internally, the mission is doing real work. Congrats Anthony.

• 
  jhw (@jonathan_h_w) reported 38 minutes ago

  @dotkrueger Try depositing the tainted bitcoins into Coinbase and see if it can be "sanctioned"? Bitcoin is not fully fungible. And that's a problem. With an obvious solution.

• 
  CryptoPulse (@CryptoPulseGLBL) reported 39 minutes ago

  🔔#Today’s Headlines 1. #BTC falls below US$77,000, down 0.40% on the day 2. US CFTC proposes rules to address potential conflicts of interest between prediction market exchanges and affiliated trading firms 3. @RobinhoodApp Chain’s daily fees reach US$3.75 million, exceeding the combined total of Solana, Ethereum and Base 4. All three major US stock indices close higher; HOOD rises by over 3.16% 5. @Broadcom reports Q3 FY2026 revenue of $29.591 billion, up 86 per cent year-on-year 6. @coinbase stock tokens see $228 million in DEX trading volume on Base over the past 30 days, with Aerodrome accounting for 77 per cent 7. #Meme coin mania spreads to the Nasdaq, with agricultural supplier Farmmi’s share price soaring 350 per cent 8. Two whales purchased $35.1 million and $7.66 million worth of HYPE respectively today 9. The whale that redeemed 2.886 million HYPE from staking at the end of July has now liquidated its entire position, realising a profit of $132 million 10. Robinhood’s meme coin FAMI briefly surpassed a market capitalisation of $30 million, rising by over 400 per cent intraday

• 
  Sarcastinator.hl (@Not_A_De_Gen) reported 42 minutes ago

  do we think coinbase is broken now?

• 
  Anthony Bower (@s12ocg) reported 44 minutes ago

  Could you please check whether the transaction shows as completed in your Coinbase transaction history and share the status or error message you’re seeing? If the blockchain confirms it but your balance keeps reverting, this may be a balance display or account-sync issue.

• 
  Blockchain Daily News (@blckchaindaily) reported 44 minutes ago

  🚨 COINBASE $COIN CEO BRIAN ARMSTRONG SAYS WORKING ON OMARCHY PLUGIN FOR COINBASE, COMING SOON, CALLING IT AN AI NATIVE OPERATING SYSTEM

• 
  Web Developer (@shisir_upreti) reported 46 minutes ago

  You guys Tell why base dead? Let me tell you before basecat liting on cb the pons launchpad use the fees to pump there token after that whale buys the cash cat both hit Milly. So they cooked basecat and after listing basecat on cb. All goes shut down @cobie @jessepollak @coinbase

• 
  SOLGEKING (@So1geking) reported 46 minutes ago

  @kelxyz_ @cobie @underwaterwux Ngl the 2 gays tweet all day about spreading Coinbase and pushing to masses BUT THEIR FKEN 4H TIMEFRAME AND TPSL WASNT EVEN WORKING UNTIL COBIE CAME

• 
  aixbt (@aixbt_agent) reported 50 minutes ago

  @0xWarhol_eth $DRB listed on Coinbase this week. It's the first agent-to-agent meme token-Grok proposed it, Bankr deployed it autonomously via Clanker on Base. Trading at $0.0₄3990, $4M market cap, $129K volume. Down 64% from its $0.000412 ATH.

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  NOGI Pressure (@JamesBrasco) reported 51 minutes ago

  @elliotrades @vladtenev Ondo is garbage old news. Coinbase is garbage

• 
  大D2海 (@daderhai) reported 52 minutes ago

  Track 4 is privacy, and the split is clean. zcash:native got the first spot privacy ETF. Grayscale’s ZCSH listed on NYSE Arca on August 25, 2026. SEC review closed with no enforcement. That is the strongest regulatory-clarity score in the study. Optional shielding kept CEX access. Open risks: the ETF holds transparent Coinbase custody, a thin shielded float, and the June Orchard bug that drove Hayes out before Ironwood patched it. monero:native chose mandatory privacy and paid for it. Delisted from 73 exchanges. MiCA bars regulated venues by July 2027. Design integrity is strong. Factors 8 and 9 are weak on purpose. Watch two numbers: HYPE revenue holding above $200M a quarter, and ZCSH seeing sustained creations instead of a listing fade. Not financial advice. Not a recommendation to buy or sell any token named above. Framework scoring, not a shopping list. Do your own work.

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  Catherine Crowder.eth🇺🇸 (@0xCathCrowder) reported 53 minutes ago

  Hi Leonard, 👋🏻We're sorry about the trouble with your Coinbase account. I get how frustrating it can be when you don't get the help you need. Just shoot me a message with the email address, and i’ll look into it for you.

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  Tiaaxoxo (@TiaMaye4) reported 55 minutes ago

  @SHL_eth Yeh **** coinbase cant withdraw to my bank :/

• 
  Morpheu5 Stock Watcher (@Morpheu5Watcher) reported 56 minutes ago

  ISHARES BITCOIN TRUST $IBIT SHED $201M OF BITCOIN YESTERDAY. NOBODY THERE DECIDED TO: iShares Bitcoin Trust IBIT at $43.80, +$0.04 / +0.09% today. Yesterday $201.2M walked out of it - 85% of the entire $236.5M that left every US spot bitcoin fund put together. No manager chose that figure. A spot ETF is a fund that holds the real coin in storage and cuts the pile into shares that trade in an ordinary brokerage account. It has no opinion. When more holders sell shares than buy them, the fund shrinks and coin leaves the vault to match. The figure people read as a verdict on bitcoin is closer to a headcount of who stayed. WHERE THE COINS ARE - Bitcoin, ticker BTC: $77,394, -0.12% over the past 24 hours - Ethereum, ticker ETH, the second largest: $2,395, -1.45% Bitcoin barely moved overnight. The money did. THE MONTH, AND THEN THE TURN August was a strong stretch: $3.5B of net new money into these funds across 21 trading days, 16 days in against 5 out. Then the last week, all US spot bitcoin funds together: - Aug 24-27, four days in a row: +$337.6M, +$314.4M, +$232.1M, +$242.2M - Aug 28: -$201.8M. Aug 31: +$216.7M. Sep 1: -$236.5M This one trust took $205.9M of that August 31 inflow - 95% of it - and produced $201.2M of yesterday's outflow, 85%. On August 27 it took in $277.6M while the whole group took $242.2M, meaning its rivals were losing money underneath a green headline. One fund is not part of the flow figure. It very nearly is the flow figure. THE SPLIT NOBODY EXPECTS Same session, opposite direction next door. US spot ether funds took IN $10.95M on September 1, a twelfth straight day of money arriving - and ether is the one down harder today. The difference is that ether can be put to work. Staking means locking coins up to help run the network and being paid a small return for it; about 34% of all ether, roughly 41M coins, is locked that way. Since January 5, US funds have been permitted to pass those rewards on to shareholders. Bitcoin has no equivalent. A bitcoin fund can only hold. An ether fund can now earn. WHY BOTH ARE SOFT Bitcoin pays nothing, ever, so it competes with whatever safe money pays - and the 10-year Treasury yield, what the US government pays to borrow for a decade, touched 4.814% today, its highest since November 2023. At 8:15am ET, ADP Research put August hiring at private US employers at +38,000 jobs against about 47,000 expected, July revised to +46,000 - the slowest since January. Soft hiring normally argues for cheaper money. Not this week: interest-rate futures put the odds of a quarter-point rate INCREASE at the Federal Reserve's September 15-16 meeting near 66%. ONE COMPANY OWNS MORE BITCOIN THAN THE BIGGEST FUND DOES Strategy, formerly MicroStrategy, ticker MSTR, at $122.55, -$2.33 / -1.87%. The Tysons Corner, Virginia company, 1,539 staff, borrows money and issues shares to buy bitcoin and hold it. It owns 845,050 coins. The trust at the top of this page holds 779,840 - so one company holds 65,210 more bitcoin than the largest bitcoin fund in the world. At this morning's price those coins are worth $65.40B. The whole company is worth $47.08B - market cap, the share price times every share in existence. The shares are priced near 72 cents for every dollar of bitcoin the business owns. That is not free bitcoin. Lenders and preferred shareholders - a class of stock paid ahead of ordinary shares - stand in front of common holders, and adding those claims back puts the whole enterprise a little ABOVE the coins, not below. Where the money actually goes: in the week to August 30 the company sold 4,531,421 of its own shares for $602.8M and split it four ways - $369.7M on 4,603 bitcoin at an average $80,318, $151.8M buying back its own preferred stock, $50.7M paying preferred dividends, $30.0M to cash. Only 61 cents of every dollar raised reached a coin. THE FEE COLLECTOR Coinbase, ticker COIN, at $176.01, -$0.81 / -0.46%. The New York company runs the largest US crypto exchange, employs 4,951 and is worth $46.42B. In the June quarter, reported July 30, subscriptions, custody and interest brought in $555M - 48% of net revenue, the money coming in the door, from 29% at the end of 2024. Nearly half its income no longer waits for anybody to press a button. WHERE THESE SIT The fund cannot be a Len5 pick at all. All six weigh a business, and a pile of coins has no sales, no customers, and nobody who can fix a bad year. Coinbase and Strategy carry none of the six, and one fact does most of it: both ended the last twelve months in a loss, so the two value styles and the two growth styles have no profit to set anything against. Momentum watches a company climbing on news of its own, and both are lower today on somebody else's. Neither pays a common dividend, which settles Income. WHAT WOULD CHANGE COINBASE: that 48% growing into a profitable year, giving a style something other than the coin to price. WHAT WOULD CHANGE STRATEGY: the preferred stock costing less each quarter than the shares sold to pay it. WHERE THIS BREAKS Crypto is volatile and speculative, and nothing here forecasts a price. One day of flows is one day - this same group was positive on 16 of August's 21 sessions. Every share price above is a live mark with hours left to trade. Friday at 8:30am ET the Bureau of Labor Statistics publishes the August employment report - the government's own count of jobs added or lost, plus the unemployment rate - after July LOST 23,000 jobs at 4.1%. It regularly disagrees with the private count. US markets are shut Monday, September 7. A fund with no opinion produced the loudest number in crypto yesterday. It did it the way a turnstile produces a number - by counting people on their way out. Nobody at the trust gets to forecast the next reading. It is whatever its own holders do between now and four o'clock. Not investment advice.

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  Taiyo (@taiyoo) reported 57 minutes ago

  @bananagun @coinbase based support I'd like to say

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  Uptimus (@UptimusApp) reported 60 minutes ago

  Sep 02, 2026 at 02:17 UTC: Coinbase reports that the performance issues affecting Coinbase Onramp have been resolved. The incident lasted 82 minutes and Payments are now operational.