Recently, popular X crypto analyst Tyler Durden made some serious allegations against Coinbase, a well-known cryptocurrency exchange platform. Durden claimed that Coinbase was enabling BlackRock, the issuer of the largest spot bitcoin exchange-traded fund, to borrow bitcoin without having to provide any collateral. This, according to Durden, could potentially lead to market manipulation and allow for profits to be made from the resulting price fluctuations.
This accusation has sparked a significant amount of controversy within the cryptocurrency community, with many questioning the integrity of Coinbase and its practices. The idea that a major player like BlackRock could potentially be taking advantage of the market in this way has raised concerns about the overall stability and fairness of the cryptocurrency industry.
As the situation continues to unfold, it will be interesting to see how Coinbase responds to these allegations and what actions, if any, they take to address the concerns raised by Durden. In the meantime, investors and traders are advised to proceed with caution and to closely monitor any developments that may impact the value of their cryptocurrencies.
