Cryptocurrency
Coinbase domain name reportedly used by scammers in high-profile attacks

Update (July 7 at 9:33 PM UTC): This article has been updated to include Coinbase’s response.
Coinbase’s users have been turning to Twitter to report scams and phishing attacks involving the company’s services and applications in recent weeks, including claims that scammers are using the crypto exchange’s domain name.
The most recent case was disclosed on July 7 by a Twitter user identified as Daniel Mason, who allegedly received texts and emails from scammers with links under the domain Coinbase.com.
The fraudster contacted Mason using a real phone number, then triggered an email from a Coinbase.com domain, followed by a phishing text message directing him to a Coinbase subdomain URL, before verifying Mason’s address, social security number and driver’s license number.
I founded an identity / security company.
I’m currently building an auth company.
But my Coinbase account *almost* got phished.This is the (2nd) most legit fraud attack I’ve ever experienced personally. Wild story below.
— Daniel Mason (SF next week ) (@dgmason) July 7, 2023
As Mason notes, the scammer was well-spoken and a native English speaker. The fraudster reportedly said during a phone call that Mason would receive an email from Coinbase regarding an alleged breach of his account. Immediately, an email arrived from help@coinbase.com. “Did he create a case on my behalf? Or access Coinbase mail servers?” Mason commented on Twitter.
Mason’s experience is one of many on the social media platform reporting security incidents involving the crypto exchange. A brief look at Coinbase’s support page shows users complaining about several types of scams, including phishing on Coinbase Wallet and criminals using the company’s web address.
Cointelegraph spoke with a victim of a similar approach. The individual, who asked to remain anonymous, claims to have called Coinbase’s support line to verify the authenticity of an email about the user’s account being compromised. The employee then confirmed it was real communication, but the email was the work of a hacker.
“An employee of Coinbase authenticated a hacker as a Coinbase employee, who then stole my crypto. They then strung me along before taking no accountability, even though I had a witness, time and date of call, and the employee I spoke to,” said the individual. The case is now under litigation. Among funds frozen and stolen, the victim claims to have lost roughly $50,000 in assets.
The reports follow the same pattern as the attack on Twitter user Jacob Canfield. Canfield reportedly received a text message and phone calls from a fraudster on June 13, citing an alleged change in his two-factor authentication (2FA).
Holy shit.
I just got attacked with one of the most complex scams in #crypto that I have seen to date.
Please read if you use @coinbase.
This just happened 15 minutes ago.
THIS IS A WARNING FOR ALL COINBASE USERS!
There has been some sort of a data breach.
First, I… pic.twitter.com/aOVWLpAtY4
— Jacob Canfield (@JacobCanfield) June 13, 2023
“They then sent me to the ‘security’ team to verify my account to avoid a 48 hour suspension. They had my name, my email and my location and sent a ‘verification code’ email from help@coinbase.com to my personal email,” Canfield explained, adding that the criminal “got angry and hung up the phone” when told the code would not be sent.
The email help@coinbase.com is listed on the exchange’s support page as a reliable and official address. The company’s blog also states that its staff will never ask users for passwords or two-step verification codes and won’t request remote access to devices.
In a statement to Cointelegraph, Coinbase said it has “extensive security resources dedicated to educating customers about preventing phishing attacks and scams. We work with international law enforcement to ensure that anyone scamming Coinbase customers is prosecuted to the fullest extent of the law.“
Security specialists recommend strong, unique passwords for crypto accounts and enabling 2FA on applications.
Magazine: $3.4B of Bitcoin in a popcorn tin — The Silk Road hacker’s story
Cryptocurrency
Top Cardano (ADA) Price Predictions as of Late

TL;DR
- Analysts cite bullish chart patterns to envision potential price breakouts above $3 and even a new all-time high of over $4.
- A rising outflow of ADA from exchanges to self-custody wallets suggests strong holding behavior, while Grayscale’s proposed spot ETF (now awaiting SEC approval) could open the floodgates to mainstream investment if approved.
Time for Another Pump?
Cardano’s ADA has been underperforming over the past two weeks, with its price dropping by 5% during that period to the current $0.77 (according to CoinGecko’s data). Despite the downtrend, many market observers remain optimistic in their predictions.
Hardy, an X user with more than 70,000 followers, thinks ADA looks solid at its ongoing level. Furthermore, they argued that the asset’s “epic bull run” has not yet started.
$ADA looks solid here, hold above this purple box, we will continue higher.
If you’re in SPOT currently, you’re golden, the epic bull has not started for Cardano. pic.twitter.com/iqMe1aOzu8
— Hardy (@Degen_Hardy) July 31, 2025
X Finance Bull described ADA as “one of the biggest sleeper gains in crypto right now. The X user believes the valuation is poised to surpass $3, adding that a new all-time high is closer than some might think.
Smith also chipped in, spotting the formation of a “monstrous cup and handle” on ADA’s price chart. This is a bullish pattern that signals the potential for a major rally. Smith believes the valuation could explode above $4 once it exceeds the breakout target of $0.92.
Those interested in exploring additional price forecasts for Cardano’s native token can refer to our previous dedicated article here.
The Bullish Indicators
According to CoinGlass’s data, there has been a significant shift of ADA tokens from centralized exchanges toward self-custody methods in the past several months. This is considered bullish since it reduces the immediate selling pressure.
The potential launch of a spot ADA ETF can also positively impact the price. The leading digital asset manager, Grayscale, displayed its intentions to introduce such a product in the USA in February of this year. The decision is now in the hands of the US Securities and Exchange Commission (SEC).
Such an investment vehicle will give investors additional and simplified options to gain exposure to ADA. After all, buying a spot ETF is like purchasing regular stocks, all done via standard brokerage accounts. In the aftermath, Investors own shares, while the fund holds the actual cryptocurrency on their behalf.
According to Polymarket, the approval odds before the end of 2025 stand at 83%.
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Cryptocurrency
Ethereum’s Low Funding Rates Signal ‘Full-Fledged’ Rally Ahead: Analyst

Ethereum’s ten-year milestone has been marked not just by reflection but by a steady rally that has investors bracing for what could be the cryptocurrency’s next big breakout.
With ETH trading at $3,800 at press time, still 24% below its all-time high, pseudonymous CryptoQuant analyst CoinCare says its subdued futures funding rates and deep-pocketed accumulation suggest the uptick is far from over.
The Funding Rate Divergence
According to CoinCare, Ethereum’s ongoing four-month rally is quite similar in magnitude to a previous surge that happened between the start of Q4 2023 and the end of Q1 2024. However, unlike that run, where funding rates became overheated, today’s futures funding levels remain near pre-rally lows.
“In the current rally, there has been no overheating in funding rates,” wrote CoinCare. “In fact, the current funding rates are closer to the levels seen before the October 2023 rally began.”
CoinCare believes this is a sign that “a cooldown after a short-term surge is essential,” following which ETH could “enter a full-fledged rally” driven by renewed speculative interest.
Beyond derivatives, fundamental and on-chain forces also support Ethereum’s potential breakout. For instance, heavyweight Ethereum investors recently acquired 220,000 ETH, worth an estimated $850 million, in just 48 hours. This boosted their holdings to 23.5% of the asset’s supply, a record high that should lessen market liquidity and amplify an upward push.
At the same time, spot ETH ETFs have attracted roughly $5 billion in just 17 days, adding steady demand from regulated investment vehicles. Meanwhile, exchange balances have plunged to a near-decade low of 19 million ETH, with more than 1 million coins withdrawn in the past month alone, potentially reducing immediate sell-side pressure.
Price Momentum
Looking at the market, ETH has gained 1.7% in the past 24 hours, 7.9% in the last week, and 57% across 30 days. It is currently trading within a tight $3,708 to $3,874 range, with $4,000 as the next key resistance level and $3,500 providing critical short-term support.
Analyst Ali Martinez believes going above $4,100 could trigger “the real breakout” for ETH, marking a major psychological shift and potentially opening the door for a run towards its 2021 all-time high.
Despite short-term warning signals, such as an overbought RSI and a potential pullback toward $3,300 highlighted in CryptoPotato’s latest analysis, the bigger on-chain picture remains decisively bullish. If CoinCare’s funding-rate thesis proves accurate and institutional demand continues to grow, ETH’s next chapter could be written not with caution but with new highs.
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Cryptocurrency
FTX Stakes $79M in ETH, Whales Are Buying, BlackRock’s ETHA Keep Growing

TL;DR
- FTX staked $79M ETH after withdrawing $75M, signaling renewed activity from major crypto players.
- BlackRock now holds 2.5% of all ETH, adding $375M more through its growing Ethereum ETF.
- Eleven new whale wallets added 722K ETH since July, with most already staked for the long term.
- Ethereum ETFs saw $5.41B in July inflows, beating combined gains from the last eleven months.
FTX Moves ETH From Bybit, Then Stakes It
On-chain data tracked by Lookonchain shows that FTX and Alameda Research staked 20,736 ETH, valued at around $79 million, within the past few hours. The move follows a previous withdrawal of 21,650 ETH from crypto exchange Bybit. That withdrawal, carried out between December 17, 2024, and January 9, 2025, totaled $75.3 million at an average price of $3,478 per ETH.
FTX/Alameda staked 20,736 $ETH($79M) an hour ago.
Between Dec 17, 2024, and Jan 9, 2025, FTX/Alameda withdrew 21,650 $ETH($75.3M) from #Bybit at an average price of $3,478.https://t.co/RBSW7DEx21 pic.twitter.com/5E0ku6WGni
— Lookonchain (@lookonchain) July 31, 2025
At the time of writing, ETH trades at $3,860. The price has increased 1% in the last 24 hours and 7% over the past seven days. These ETH transfers and staking actions add to a trend of growing market activity around the asset.
BlackRock and Other Firms Continue ETH Accumulation
BlackRock added $375 million in ETH to its holdings this week. The firm now controls about 2.5% of Ethereum’s total circulating supply, which translates to over $11.4 billion in ETH, based on current prices.
In addition, the iShares Ethereum ETF, launched in 2024, has now acquired more than 3 million ETH, according to Nate Geraci’s recent post. Since July 12 alone, it has added another 1 million ETH.
BLACKROCK BOUGHT $375M OF ETH THIS WEEK
THEY CURRENTLY HOLD 2.46% OF THE ETH SUPPLY WORTH $11.32B
THE LARGEST ASSET MANAGER IN THE WORLD IS BUYING $ETH pic.twitter.com/BksJOvUjdQ
— Arkham (@arkham) July 31, 2025
The Ether Machine, a company focused on ETH accumulation, bought 15,000 ETH this week for $56.9 million. This brings its total ETH holdings to over 334,000.
Meanwhile, it also confirmed that additional capital remains available for further ETH purchases. With this latest transaction, The Ether Machine now holds more ETH than the Ethereum Foundation.
SharpLink, a Nasdaq-listed company, made yet another purchase earlier today, adding 11,359 ETH, which brings its total to 449,276 (worth $1.73 billion). A significant portion of the newly acquired ETH has already been staked.
Whale Wallets Enter the Market With Billions in ETH
Eleven new wallets have acquired a total of 722,152 ETH, worth $2.77 billion, since July 9. Three of those wallets added 73,821 ETH, worth $283 million, in the past 24 hours. The data was tracked by Crypto Rover.
BREAKING:
WHALES KEEP BUYING MORE $ETH.
3 FRESH WALLETS JUST ACCUMULATED ANOTHER 73,821 $ETH ($283M).
SINCE JULY 9, A TOTAL OF 11 FRESH WALLETS HAVE ACCUMULATED 722,152 $ETH ($2.77B). pic.twitter.com/rnywoQdg07
— Crypto Rover (@rovercrc) July 31, 2025
Most of these new wallets are staking their ETH. This reduces the circulating supply and signals long-hold strategies. These new holders are joining a broader trend of long-term ETH accumulation by large entities.
ETF Inflows Surge in July
As we recently reported, Ethereum ETFs brought in $5.41 billion in net inflows during July. That figure is higher than the $4.21 billion combined inflows from the 11 previous months. Since their launch in July 2024, ETH ETFs have received $9.62 billion.
Earlier in the year, flows were more uneven. The first quarter of 2025 saw low inflows and a brief outflow in March. By contrast, November and December 2024 saw stronger interest, with inflows of $1.05 billion and $2.08 billion, respectively.
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