Coinbase Exploit Connection: Ethereum Eyes $4,700 Retest Amid Suspicious Whale Activity

Ethereum is showing strong technical signals for a potential retest of the $4,700 price level as on-chain data reveals substantial purchasing activity linked to a notorious Coinbase exploit. According to blockchain analytics platform Lookonchain, a wallet associated with the $300 million Coinbase hack acquired 3,976 ETH (worth approximately $18.9 million) at $4,756 per token during Tuesday's market rally. The transaction data shows the movement of 18.9 million DAI being converted to Ethereum through 18 separate transactions, indicating sophisticated accumulation patterns. This development comes amid growing concerns about dark money inflows influencing cryptocurrency markets, with the same address previously linked to major security breaches. The substantial purchase at these elevated price levels suggests confidence in Ethereum's near-term prospects, despite the questionable origins of the capital. Market analysts are closely monitoring whether this whale activity represents genuine bullish sentiment or potential market manipulation through illicit funds. The $4,700 level represents a critical psychological and technical resistance point that Ethereum has struggled to maintain in recent months. This latest development adds another layer of complexity to Ethereum's price dynamics as institutional and retail investors weigh fundamental growth prospects against regulatory concerns and market integrity issues.

ETH USD Price Primes to Retest $4,700 Amid Suspected Dark Money Inflows

Ethereum's price action suggests a potential retest of the $4,700 level as on-chain data reveals substantial purchases tied to a notorious Coinbase exploit. A wallet associated with the $300 million hack acquired 3,976 ETH ($18.9 million) at $4,756 per token during Tuesday's rally.

Blockchain analytics platform Lookonchain tracked the movement of 18.9 million DAI converted to ETH through 18 transactions. The same address had accumulated 5,512 ETH in July and $8 million worth of solana in August, indicating sustained accumulation patterns.

ZachXBT's investigation estimates the original exploit drained $330 million from Coinbase users, with $65 million specifically traced to December 2024-January 2025 withdrawals. The recycled funds now appear to be fueling Ethereum's liquidity pool.

Coinbase Publishes Transparent Guide to Crypto Asset Listing Process

Coinbase CEO Brian Armstrong unveiled the exchange's token listing framework in a move to enhance operational transparency. The process, now publicly documented, emphasizes merit-based evaluations without listing fees. "Every asset is evaluated against the same standards," Armstrong stated in an X post, signaling a standardized approach for all projects seeking inclusion on the third-largest global crypto platform.

The five-stage protocol begins with project teams submitting detailed applications—from whitepapers to tokenomics—through a standardized questionnaire. Coinbase's evaluation matrix then scrutinizes market demand, technical integration feasibility, and community engagement metrics. Legal teams conduct rigorous security analyses, examining whether tokens might qualify as securities under regulatory frameworks.

Notably, the exchange implements multilayered security checks, including smart contract audits and on-chain activity monitoring. This safeguards against both technical vulnerabilities and potential financial crimes, reflecting Coinbase's risk-averse posture amid increasing regulatory scrutiny.

Crypto Groups Challenge Bank of England's Proposed Stablecoin Ownership Limits

The Bank of England's proposed caps on stablecoin holdings face fierce opposition from cryptocurrency advocates. Industry groups argue that limiting individuals to £10,000–£20,000 and businesses to £10 million WOULD place the UK at a competitive disadvantage against the US and EU.

Central bank officials maintain these restrictions are necessary to safeguard financial stability, preventing potential bank deposit outflows that could disrupt credit markets. Sasha Mills of the BoE emphasized the measures would mitigate risks from rapid withdrawals in emerging payment systems.

Critics including Coinbase's Tom Duff Gordon warn the policy would harm UK savers and undermine London's financial standing. No major jurisdiction has implemented comparable limits, creating regulatory asymmetry that could stifle innovation.

OP Price Prediction: Targeting $1.10 by October 2025 Following Technical Breakout

Optimism (OP) is poised for a bullish run, with technical analysis suggesting a potential rise to $1.10 within 4-6 weeks. The token, currently trading at $0.79, has broken key resistance at $0.88, supported by strong momentum indicators like MACD convergence.

Analyst projections vary but lean optimistic. Blockchain.News anticipates a short-term correction to $0.52-$0.65 before a rebound, while Coinbase forecasts a conservative $0.99 target based on 5% annual growth. The consensus underscores OP's underlying bullish structure despite near-term volatility.

Key price targets include $0.84-$0.88 (6-11% upside) and $0.95-$1.10 (20-39% upside), with $0.65 acting as critical support. Long-term forecasts extend to $2.20-$2.50, highlighting substantial growth potential for the ethereum Layer 2 token.

Galaxy Digital's $1.6B Solana Accumulation Fuels Bullish Price Outlook

Solana's price is poised for a breakout as institutional demand surges, with Galaxy Digital's Forward Industries acquiring 6.5 million SOL worth $1.55 billion. The cryptocurrency now trades NEAR $240, up 16% this week, as analysts target a move toward $250 and beyond.

Galaxy's aggressive accumulation—4.3 million SOL purchased in just three days—has propelled Solana past BNB to become the fifth-largest crypto by market cap. Most holdings are custodied on Coinbase Prime, signaling deepening institutional confidence.

The buying spree follows a pattern of strategic treasury building, with Lookonchain data revealing $306 million in additional SOL purchases within 24 hours. Market structure suggests sustained upside potential as supply tightens.

Coinbase CEO Brian Armstrong Teases Exciting Q4 Launches: “Cool New Products”

Coinbase CEO Brian Armstrong has ignited market anticipation with a cryptic tweet hinting at major Q4 product launches. "Lots of cool new products to ship, let's do this," Armstrong declared, signaling an aggressive end-of-year push for the Nasdaq-listed exchange.

The announcement follows Coinbase's recent reveal of groundbreaking Mag7 + Crypto Equity Index Futures launching September 22. This innovative derivative merges exposure to tech giants like Apple and Nvidia with BlackRock's Bitcoin ETF and Coinbase's own stock—a first for U.S. markets.

Armstrong's vision positions Coinbase as the "everything exchange," with plans to bridge traditional and crypto markets through novel products. The roadmap suggests deeper DEX integration, potentially reshaping how institutions access decentralized liquidity.