Coinbase files for IPO via direct listing on Nasdaq

Coinbase filed Form S-1 Registration Statement for its IPO with the SEC on Thursday. The company has previous revealed in December that it had confidentially applied to go public.

Coinbase's valuation jumped to more than $100 billion ahead of the IPO. According to Axios, "The most recent batch of 127,000 shares was sold [last] Friday at $373, which works out to a valuation of $100.23 billion."

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In the news

Bill Gates neutral on Bitcoin

The vocal Microsoft founder is no longer a Bitcoin bear, declaring he has taken a neutral stance on bitcoin as an investment.

However, as an innovation, he says that cryptocurrency is one that the world would be better off without because it allows for certain criminal activities.

Binance temporarily suspends Ethereum and ERC-20 token withdrawals

Reversing its earlier decision and restoring service in an announcement only 37 minutes later, traders were quick to pile on with criticism.

Binance has become a big target among the crypto community after being blamed for persistently high gas costs, some claiming that the congestion is a coordinated effort to attract more users to its Binance Smart Chain.

NFL Russell Okung considered the highest paid in league with crypto salary
At the end of December, the Carolina Panthers offensive lineman, Russell Okung told the public he would be getting half his $13 million salary paid in Bitcoin.

"I stack sats, [the] price goes up, I stack some more, [the] price goes down and stack again," Okung tweeted recently, "This isn't financial advice."