Epstein Files Reveal Alleged Early Investment in Coinbase

TheNewsCryptoОпубліковано о 2026-02-03Востаннє оновлено о 2026-02-03

Анотація

Epstein Files reveal that Jeffrey Epstein allegedly invested $3 million in Coinbase through Brock Pierce's Blockchain Capital in 2014. Documents suggest the deal may have secured him a meeting with co-founder Fred Ehrsam. A 2018 email indicates Epstein later sold half his stake back for around $11 million. Separately, Blockstream CEO Adam Back denied any financial ties to Epstein, though a document shows a co-founder discussed the firm's seed round with him.

The latest anticipation revolves around the Epstein Files, indicating a vast collection of documents associated with the case of American financier Jeffrey Epstein, which revealed that he made a $3 million investment in the crypto exchange Coinbase around 10 years ago.

According to the documents publicised by the U.S. Department of Justice, Epstein invested in Coinbase via Brock Pierce’s Blockchain Capital in 2014. A Bitcoin researcher, Kyle Torpey, mentioned that it is not clear if the deal really went through, but there are many discussions regarding investing in Coinbase in the files.

The buying supposedly arranged Epstein a face-to-face meeting with Coinbase co-founder Fred Ehrsam. The leaked email screenshot revealed mentioning Jeff and Ehrsam, signalling Ehrsam might be aware of his involvement in Coinbase.

The Revealed Screenshot

Ehrsam wrote that I have a gap between noon and 3pm today, but again, it’s not critical for me, but it would be nice to meet him if suitable. Is it important for him, as per the screenshot. After four years, in 2018, one more email surfaced that confirmed that Epstein got his Coinbase allocation. It seems that he then sold 50% of the stake back to Blockchain Capital for about $11 million.

At the same time, the chief executive officer of Blockstream, Adam Back, pushed back against allegations from the Epstein Files concerning his continued connection with the convict. Back posted on X, writing that Blockstream has no direct or indirect financial connection with Jeffrey Epstein.

A document publicised by the U.S. DOJ corresponding to July 2014 revealed that Blockstream co-founder Austin Hill talked about the seed round of the firm with Epstein and Joi Ito, then director of the MIT Media Lab.

Adam Back also mentioned in his post that Blockstream met with Jeffrey Epstein, who was referred to at the time as a restricted partner in Ito’s fund.

Highlighted Crypto News Today:

Trump Says He Was Not Involved in $500M Abu Dhabi WLFI Deal

Пов'язані матеріали

BTC Market Pulse: Week 20

Bitcoin's price moved higher from the high-$77Ks into the low-$82Ks last week, with buyers absorbing pullbacks. Market indicators show bullish undertones but also signs of potential stabilization. Spot and futures data reveal strong bullish sentiment and increased speculative activity, though declining long-side funding suggests some waning bullish momentum. Options market activity points to neutral-to-bullish expectations but elevated pricing of future risk, indicating uncertainty. On-chain metrics strengthened, with increases in daily active addresses, transfer volume, and fees, signaling a more engaged network and higher activity. Profitability improved as the market moved back into profit, yet levels remain below those typically triggering heavy selling, suggesting optimism is measured. Overall, Bitcoin's market structure shows improvement with stronger on-chain activity and more stable holder positioning. However, softer capital inflows and cautious sentiment indicate the market remains sensitive to shifts in risk appetite.

insights.glassnode7 хв тому

insights.glassnode7 хв тому

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

IREN, a Bitcoin mining company, saw its stock price surge 16% after releasing its quarterly earnings on May 8th. The surge was not driven by Bitcoin's price, but by the company's radical strategic shift away from cryptocurrency mining and towards AI infrastructure. The company reported a $140 million impairment charge after decommissioning and listing for sale 5,800 of its Bitmain S21 Pro mining rigs. It also maintains a policy of selling all mined Bitcoin daily, holding zero crypto assets. Despite this dismantling of its core business, investor sentiment was positive due to IREN's aggressive pivot into AI. This shift is backed by massive, long-term contracts. IREN announced a new 5-year, $3.4 billion collaboration with NVIDIA, which includes an equity investment commitment. This follows a previously secured 5-year, $9.7 billion GPU cloud services agreement with Microsoft. To support these deals, IREN acquired European data center capacity and cloud software capabilities. Management targets 480 megawatts of AI capacity, 150,000 GPUs, and $3.7 billion in annual recurring revenue by late 2026. While other North American miners are exploring hybrid "mining + AI" models, IREN is making a clean break, betting entirely on the booming demand for AI compute power. The move highlights a broader industry trend where the value of mining hardware is declining while GPU-based AI infrastructure is in critically short supply.

marsbit26 хв тому

IREN's Insanity: Selling Miners, Buying GPUs, Stock Price Up 16%

marsbit26 хв тому

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

Michael Saylor defended MicroStrategy's Bitcoin-backed credit model against criticisms that it resembles a Ponzi scheme, emphasizing the company monetizes Bitcoin's capital gains rather than relying on perpetual equity issuance. He clarified his famous "never sell your Bitcoin" stance, stating the more precise strategy is to never be a *net seller*. The company's recent announcement that it might sell Bitcoin to fund dividends on its STRC preferred instrument sparked debate. Saylor explained the core model: issuing credit to buy Bitcoin, expecting its long-term appreciation to exceed dividend costs, analogous to a real estate firm. He argued that even if Bitcoin is sold for dividends, ongoing credit issuance ensures the company remains a net buyer, especially if Bitcoin appreciates more than the dividend yield. Saylor dismissed critics like Peter Schiff, stating their objections stem from rejecting Bitcoin's legitimacy itself. He described STRC as overcollateralized "digital credit" designed to offer yield while mitigating volatility.

bitcoinist27 хв тому

Saylor Says Strategy’s Bitcoin Credit Model Is Not A Ponzi Scheme

bitcoinist27 хв тому

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

Title: Circle Q1 2026 Earnings: Shifting Strategy as Interest Rate Windfall Subsides Circle reported its Q1 2026 financial results. While total revenue and reserve income of $694M slightly missed expectations, adjusted EBITDA grew 24% to $151M. A key trend is the decline in reserve income due to lower Federal Reserve interest rates, which Circle is countering by diversifying its revenue streams. Notably, non-interest "Other Revenue" hit a record $42M. USDC's circulation reached 77 billion, up 28% year-over-year, but its on-chain transaction volume surged 263% to $21.5 trillion, indicating significantly higher utilization in payments and DeFi. Financially, the core RLDC Margin improved to 41%, showing better cost control. However, operating expenses nearly doubled, partly due to post-IPO stock compensation costs. Looking ahead, Circle is expanding beyond being a simple stablecoin issuer. It highlighted the $222M presale for its Arc Network (valued at $3B) and launched new services like Managed Payments and the "Agent Stack" for AI-driven commerce. The company's strategy is evolving to position USDC as the foundational dollar network for the internet, targeting broader payment, enterprise, and AI agent economies.

marsbit52 хв тому

Dissecting Circle's Q1 Earnings Report: After the Interest Rate Dividend Ebbs, USDC Prepares for a Big Chess Game

marsbit52 хв тому

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Circle's Q1 2026 financial report shows total revenue and reserve income of $6.94 billion, slightly below expectations, with net profit at $550 million, down 15% year-over-year. The company attributes the slowdown in revenue growth to declining reserve asset yields following a Federal Reserve rate cut. However, other revenue streams reached a record $420 million, indicating a diversification away from interest dependence. Key operational highlights include USDC's circulating supply reaching 77 billion, a 28% annual increase, while its on-chain transaction volume surged 263% to $21.5 trillion, showing significantly higher usage frequency. Circle's core RLDC Margin improved to 41%, reflecting better cost control. Looking beyond interest rate reliance, Circle is expanding into new areas. Its Arc Network completed a $2.22 billion ARC token presale at a $30 billion valuation. The company also launched Agent Stack, an infrastructure suite for AI Agent economies, and its Circle Payments Network (CPN) shows an estimated annual transaction volume of $83 billion. The report suggests Circle's strategy is evolving from merely issuing a stablecoin to building USDC into a foundational dollar network for the internet, targeting cross-border payments, enterprise settlement, and the emerging AI-driven economy.

Odaily星球日报55 хв тому

Deciphering Circle's Q1 Financial Report: After the Interest Rate Dividend Ebbs, USDC Is Planning a Grand Strategy

Odaily星球日报55 хв тому

Торгівля

Спот

Ф'ючерси