Keeta (KTA) Investor Rides Base Network Momentum to Turn $171K into $9.3M on Coinbase

A cryptocurrency trader has achieved an extraordinary 54x return on investment by purchasing Keeta (KTA) tokens three months ago. Initially investing $171,000 to acquire 6.02 million KTA tokens at $0.23 each, the investor's holdings have now surged to $9.3 million as the token's value climbed to $1.62. Notably, on-chain data indicates the investor has not sold any tokens, demonstrating strong confidence in Keeta's potential. The token's recent 11% price increase in the past 24 hours further highlights the momentum driven by the Base Network's growth. This remarkable success story underscores the lucrative opportunities within the cryptocurrency market, particularly on platforms like Coinbase.

Keeta (KTA) Investor Turns $171K into $9.3M in Three Months Amid Base Network Momentum

A cryptocurrency trader has transformed a $171,000 investment into $9.3 million by acquiring 6.02 million Keeta (KTA) tokens at $0.23 each three months ago. The tokens, now valued at $1.62 apiece, represent an unrealized 54x gain. On-chain data reveals the investor's wallet has yet to sell any holdings, signaling strong conviction despite the staggering returns.

Keeta's price surged 11% in the past 24 hours with trading volume hitting $34.7 million, buoyed by growing interest in Base—Coinbase's ethereum Layer-2 scaling solution. The network's expanding ecosystem appears to be driving momentum for KTA and other assets in its orbit.

Turnkey Raises $30M Series B to Expand Crypto Wallet Infrastructure

Turnkey, a crypto wallet infrastructure firm co-founded by former Coinbase executives, secured $30 million in a Series B round led by Bain Capital Crypto. The funding will primarily bolster its engineering team as the company aims to streamline wallet development through APIs.

"We're transitioning from slow, clunky systems to high-throughput, machine-based transactions," said co-founder Bryce Ferguson. Clients include Polymarket, Magic Eden, and Stripe-owned Bridge.

Existing investors Lightspeed Faction and Galaxy Ventures participated, having previously led Turnkey's $15 million Series A in April 2024. The 35-person team plans targeted hiring to scale its developer tools.

Coinbase Acknowledges Longstanding Account Freeze Issues, Claims 82% Improvement

Coinbase CEO Brian Armstrong has publicly admitted to systemic problems with unjustified account freezes that have plagued the exchange for years. The platform reports an 82% reduction in such incidents following AI-driven operational changes.

Customer frustration reached critical levels as users reported multi-year account lockouts without explanation. The exchange's notoriously slow support exacerbated trust issues in an industry where transaction speed and reliability are paramount.

While Armstrong frames this as progress, the announcement comes amid ongoing scrutiny of Coinbase's operational transparency and recent security breaches. The crypto community remains divided on whether technical improvements can fully restore confidence in the exchange's infrastructure.

KULR Seeks $300M in Share Sale to Expand Bitcoin Treasury Holdings

Energy-management firm KULR Technology Group announced plans to raise up to $300 million through an at-the-market offering of common stock, with Cantor Fitzgerald acting as sales agent. Proceeds will fund corporate initiatives, including additional Bitcoin acquisitions. The California-based company adopted Bitcoin as its primary treasury reserve asset in late 2024, mirroring MicroStrategy's strategy, and currently holds 800 BTC.

The filing reveals KULR leased 5,500 Bitmain S-19 miners through $4 million in agreements, generating nearly 10 BTC from operations. Since March, the company purchased 693.81 BTC via Coinbase. Public companies increasingly utilize ATM offerings for bitcoin accumulation, following precedents set by MicroStrategy, Marathon Digital, and others in the space.

Coinbase and BiT Global Settle Lawsuit Over WBTC Delisting

Coinbase and BiT Global, a digital asset custodian linked to Justin Sun, have agreed to dismiss a lawsuit concerning the delisting of Wrapped Bitcoin (WBTC). The dispute arose after Coinbase removed WBTC from its platform following BiT Global's announced involvement with the token. The dismissal is permanent and without prejudice, with each party bearing its own legal costs.

WBTC, a leading Ethereum-based wrapper for Bitcoin, maintains a market capitalization of $13.88 billion, ranking it among the top cryptocurrencies. Since the delisting, Coinbase's proprietary wrapped Bitcoin product, cbBTC, has seen growing market adoption.

Coinbase Reduces Account Lockouts by 82% Through Technical Improvements

Coinbase has significantly reduced account lockouts by 82% in recent months after implementing technical upgrades and refining its machine learning models. CEO Brian Armstrong acknowledged the longstanding issue, stating, "Account freezing has been a major issue at Coinbase for longer than is acceptable." The exchange prioritized resolving the problem, with VP of Product Dor Levi leading efforts to minimize restrictions.

The improvements target unnecessary account freezes, limiting them to legally mandated cases like sanctions or court orders, or situations protecting users from scams. "Account freezes should be rare," Levi emphasized. Coinbase historically locked accounts upon detecting suspicious activity, often causing frustration among users.