Coinbase Premium Index Drops to Four-Year Low Amid Binance Hack Fallout
CryptoQuant CEO notes Coinbase Premium fell to its lowest level since the post-FTX collapse, signaling bearish sentiment but potential buying opportunity for Bitcoin.

San Antonio Spurs: 23% chance+1 pp · 24h
Data: Polymarket, updated every minute. · Ends Jul 1, 2027
This market will resolve to "Yes" if the listed team is determined as the champion of the NBA for the 2026-27 season. Otherwise, it will resolve to "No".
If at any point it becomes impossible for a listed team to be named as the champion of NBA for the 2026-27 season per the rules of NBA (e.g., participant is eliminated), the corresponding market will resolve to "No".
If multiple teams are declared winners, this market will resolve in favor of the team whose listed name comes first alphabetically.
If this event is cancelled, postponed after June 30, 2027, 11:59 PM ET, or a champion has not been declared within this timeframe, this market will resolve to "Other".
The resolution source will be official information from the NBA: however a consensus of credible reporting may also be used.
CryptoQuant CEO notes Coinbase Premium fell to its lowest level since the post-FTX collapse, signaling bearish sentiment but potential buying opportunity for Bitcoin.
Coinbase reported a $719 million net profit for Q3 2026, largely from crypto investment gains, while subscription services and prediction markets lifted revenue diversification.
Coinbase confirmed RLUSD is now available on its Prime, Exchange and consumer apps, supporting XRP Ledger, Base and Ethereum, while Ripple’s CEO stresses XRP remains the priority.
It is the latest price of the Yes outcome. Traders pay that share of a dollar for a contract that pays $1 if the event happens, so the price reads as the market's estimate of the chance.
The market resolves by the rules below. Polymarket uses the UMA optimistic oracle: anyone can propose the outcome and dispute it during a challenge period.
Yes, where Polymarket is available. You connect your own wallet; the bet goes to Polymarket and the money never passes through COINMAG.
Coinbase stated that a security incident at analytics vendor Amplitude affected a small subset of user contact information, while confirming that its own systems and customer funds were not compromised.