A crypto market slide caused BTC, Coinbase, and Hut 8 to sink, while traders anticipated the impact of the FED speech.

The entities involved

• Coinbase →

  American company that operates a cryptocurrency exchange platform

  • Citi is utilizing Coinbase for digital asset infrastructure.Mon 17:31
  • Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.Mon 04:46
• BTC →

  telecommunication company in the Bahamas

  • Ryan Cohen took over as CEO of GameStop, which is now managed by former Chewy executives. GameStop utilizes eBay for card resale and holds BTC in its treasury.Thu 07:26
• Hut 8 →

  cryptocurrency mining company

  • Hut 8 and Trump brothers established American Bitcoin, a Bitcoin treasury company, on September 6, 2025.Sun 01:16
  • Hut 8 is developing new operational sites across the United States, including a major project in Texas, and sites in Illinois and Louisiana.Wed 22:01

Related events

• Market sentiment boosts stablecoin issuer's revenue, accompanied by increased trading volume and media coverage.Sep 4
• FED interest rates are affecting crypto markets, while expert Adam Posen analyzes the Fed's soft landing strategy. Meanwhile, specific developments include EU mandates on crypto platforms and the renewal of the USDC collaboration between Coinbase and Circle.Aug 17
• Coinbase updated its rating citing BTC recovery, while legislative failure prompted SEC intervention amid market shifts.Sep 19
• The crypto market is experiencing a rally, boosting related stocks as major firms like BlackRock remain involved in Bitcoin funds under SEC oversight.Sep 21
• Coinbase CEO stated that Bitcoin has reached its bottom price.Sep 10