Coinbase Dismissal Request Denied; $62M Crypto Hack Amid Market Moves

A judge has denied Coinbase's request to dismiss the SEC action, meaning the trial will proceed at a later date. This decision was anticipated by many and is seen as a routine development in the legal process. In the cryptocurrency market, @_munchables_, a gaming project on Blast, was hacked for $62M. Meanwhile, Coinbase announced plans to move more of its business onchain, specifically on @base, and Bitcoin ETFs have experienced significant inflows this week. The market has reacted with Ethereum down 0.38% following the news.