Coinbase Account Restrictions Spark Self-Custody Debate
Coinbase Account Restrictions Spark Self-Custody Debate
🔒 Coinbase Users Left Hanging
Coinbase has implemented widespread account restrictions, citing user protection amid increased fraud following recent Bitcoin price movements. The action has affected numerous legitimate users, triggering significant community backlash.
Key points:
- Hundreds of users report locked accounts and restricted access to funds
- Coinbase claims measures are to protect users from fraud
- Incident highlights risks of centralized exchanges vs self-custody
The situation reinforces the importance of decentralized alternatives:
- DEXs like Uniswap saw major growth in 2021 due to self-custody benefits
- Sports betting platforms like SX offer direct wallet-to-wallet transactions
- Self-custodial solutions prevent arbitrary account restrictions
Remember: Not your keys, not your crypto.
1/ What would YOU do if your 6-figure crypto portfolio was locked indefinitely? Coinbase has been facing major backlash and FUD over the last 24 hours after they restricted a massive number of accounts 🚨 x.com/CoinbaseSuppor…
1/ There’s a lot of FUD/misinformation out there about Coinbase restricting accounts.
SX Bet NFL Orderbooks Show Strong Activity
**SX Bet's NFL orderbooks are experiencing significant trading volume** as the platform continues to attract users with its web3 betting infrastructure. Key features: - **Quick account setup** - users can start trading in under 90 seconds - **USDC integration** for seamless transactions - Focus on NFL game lines and betting markets The platform has been consistently promoting its NFL offerings, highlighting competitive odds and fast onboarding compared to traditional sportsbooks. [Check NFL markets](sx.bet/football/nfl/game-lin)
SX Bet Purchases 90,067 $SX Tokens in Latest Revenue Buyback
**SX Bet continues token buyback program** with latest purchase of 90,067 $SX tokens using parlay revenue from October 27 - November 3. **Key details:** - All purchased tokens added to SX community fund - Part of ongoing buyback initiative launched October 1st - Revenue generated from platform's parlay betting activity **Recent momentum:** - Platform hit $0.8B all-time betting volume milestone - Record weekly volume of $12.2M achieved - Daily volume peaked at $2.7M+ The buybacks demonstrate SX's commitment to **value creation through platform usage**, with 100% of parlay revenue funding these token purchases that benefit the community fund.
🎯 SX Buybacks Hit 407K Tokens
**SX Network continues aggressive token buyback program** The platform purchased **26,410 $SX tokens** using parlay revenue from October 6-7, bringing total buybacks to **407,519 $SX** since the program launched October 1st. **Key developments:** - All parlay revenue now funds token buybacks - Cross-chain betting revenue also allocated to monthly buybacks - Community fund grows with each purchase - Platform commits to value creation through usage-driven buybacks The buyback strategy demonstrates SX's commitment to token holders by converting platform revenue directly into token purchases. Transaction details available on [SX Explorer](https://explorerl2.sx.technology/tx/0xc481fd0c085c6d4bc6e97ccdbca81d6c35afa87361cf5b24d631b48c6cb54f4a).
SX Networks Q2 2025: $60.6M in Bets, Up 38% YoY
SX Networks reports strong growth in Q2 2025: - Betting volume reached $60.6M, up 38% from Q2 2024 - Surpassed $700M in all-time betting volume - Launched Orderbook V2, reducing failed bets - Introduced Bet Boosts feature for odds comparison - SX Rollup TVL hit ATH of $97M in July - 15 consecutive months of YoY growth, averaging +70% Key improvements include enhanced order matching and in-play betting capabilities. Platform growth driven by product strength rather than incentives. [Read full report](https://sxweekly.substack.com/p/sx-79-2025-q2-review)
SX Bet Offers Competitive Sports Betting Odds vs Pinnacle
SX Bet continues to position itself as a competitive alternative to Pinnacle Sports for betting odds. The platform allows users to: - Place limit orders through the UI - Request custom odds - Get fills above market rates The platform's homepage at [sx.bet](https://sx.bet) showcases these features, enabling bettors to potentially secure more favorable odds compared to traditional sportsbooks. *Key Advantage*: Users can set their own odds parameters rather than accepting preset offerings.