Core Insights - The cryptocurrency market is experiencing significant volatility, with over $1.5 billion in long positions liquidated, leading to the most severe flash crash in nearly a month [1] - The introduction of perpetual contracts, a type of derivative with no expiration date, is gaining traction in the regulated U.S. market, indicating a shift towards mainstream adoption by major financial institutions [3][6] Perpetual Contracts Overview - Perpetual contracts allow traders to hold positions indefinitely, with profits and losses directly tied to the price movements of underlying assets like Bitcoin [3] - The appeal of perpetual contracts lies in their high leverage, enabling traders to control larger positions with smaller amounts of capital [4] Market Dynamics - The funding rate mechanism is used to keep perpetual contract prices aligned with spot prices, impacting the profitability of long and short positions [5] - Perpetual contracts now account for approximately 68% of Bitcoin trading volume, reflecting explosive growth in popularity over the past year [5] Institutional Engagement - Major trading platforms, such as Coinbase and Robinhood, are rapidly integrating perpetual contracts into their offerings, highlighting the lucrative nature of this market [6][8] - Robinhood reported that cryptocurrency and options trading contributed nearly 80% of its trading revenue in Q2, showcasing the financial benefits of engaging in this space [8] Competitive Landscape - Other firms, including Gemini, are also entering the market with high-leverage perpetual contracts, indicating a competitive environment among brokers [10]

Photo by BeInCrypto The US Senate Finance Committee announced that it will hold a hearing on October 1 to examine how digital assets should be taxed. Industry leaders, including Coinbase, are expected to provide testimony on taxation challenges and potential legislative reforms. Senate Gathers Industry Feedback on Tax Update On Wednesday, Senate Finance Committee Chairman Mike Crapo confirmed that the hearing, titled “Examining the Taxation of Digital Assets,” will feature testimony from Lawrence Zlatki ...

Core Viewpoint - Coinbase CEO Brian Armstrong predicts Bitcoin could reach $1,000,000 by 2030, driven by regulatory clarity, government adoption, and institutional demand [1][2]. Regulatory Environment - Armstrong highlights bipartisan progress on crypto legislation, including the GENIUS Act, which provides clear regulations for stablecoins [3]. - There is a growing bipartisan movement in Congress to define regulations for non-stablecoin assets like Bitcoin and Ethereum, indicating strong legislative momentum [4]. Institutional Adoption - Armstrong emphasizes that significant institutional investment through Bitcoin ETFs could be a major driver of demand for Bitcoin [2][4]. - The U.S. government's potential move to hold Bitcoin as a strategic reserve is also seen as a catalyst for price increase [1][2]. Future Vision for Coinbase - Armstrong envisions Coinbase as a "bank replacement" for consumers, expanding beyond trading to include payments and everyday financial services [5]. - The introduction of Coinbase's new credit card offering 4% Bitcoin rewards is a step towards modernizing the financial system [5]. Market Positioning - Armstrong asserts that the financial system can become more modern, fair, and efficient through crypto innovations, positioning Coinbase at the forefront of this transformation [5].

NEW: Solana #memecoin $TROLL to begin spot trading on Coinbase https://t.co/akxY0NHLnd ...

Join the fun. ↓https://t.co/Bj2fj8sQaf ...

Core Insights - Coinbase is launching two new non-dollar stablecoins based on the local currencies of Singapore and Australia to encourage global onboarding [1][2][4] - A consumer sentiment survey indicates that 70% of local consumers in these countries are interested in non-dollar stablecoins, suggesting a significant market opportunity [1][5] - The new stablecoins, AUDD and XGSD, are fully backed by fiat collateral and aim to cater to both institutional clients and retail traders [6][7] Expansion Strategy - The introduction of local currency stablecoins is part of Coinbase's broader expansion strategy, which includes advancements in AI and deeper integration with traditional finance [2][4] - By listing these stablecoins, Coinbase anticipates a growing trend towards assets based on fiat currencies other than the US dollar [3][4] Market Potential - Singapore and Australia are identified as key markets for stablecoin expansion, with Coinbase already having established partnerships in Australia [6] - The successful implementation of these stablecoins could reveal a previously untapped market for local currency stablecoins [5]

Coinbase leads $14.6 million round in Bastion as firm leans into stablecoin infrastructure https://t.co/YqOy1MT78f ...

Base’s potential has always been clear.Now, with skyrocketing activity, scaling infra, a new app, and a token (potentially) on the way, it’s entering a new age.To dig deeper, I spoke with @jessepollak about what’s driving Base’s growth — and the vision going forward 👇~~ Analysis by @davewardonline ~~Base ChainSince spring, @base's chain has evolved significantly. DeFi TVL has nearly doubled to $5B, with protocols like @MorphoLabs and @aave tripling their value locked. Morpho’s Bitcoin-backed loans, integrat ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 据官方博客，Coinbase将于9月29日起上线澳元稳定币AUDD和新元稳定币XSGD。 （责任编辑：刘静 HZ010） ...

I I'll never forget one of my big messes when Paul Graham asked me to look at the seed round of Coinbase and I said to myself, a Bitcoin ATM, what is that. Had no idea what this industry was about to become. Like it still haunts me.And so at the seed being very much focused on just backing the great founders and not overintextualizing what the returns are. And did you meet with Brian. Yeah.Did you think he was amazing. He is amazing. So it was purely the idea that you couldn't get your head.My little brain ...