Market Trends - Bitcoin and Ether both increased by over 11% in the past week [1] - Solana surged 15% [2] - Spot Bitcoin ETF inflows reached approximately $23 billion this week [2] - Robin Hood increased almost 20% this week [4] - Bitcoin is approaching a new all-time high [4] Institutional Developments - CME plans for 24/7 Bitcoin and Ether futures trading by 2026 [3] - Swift is collaborating with 30 banks on a blockchain-based payments ledger using Ethereum technology [3] Company Performance - Coinbase recorded its best week since June [3]

RT Bitcoin Magazine (@BitcoinMagazine)With Coinbase BTC-backed loans powered by Morpho, your #Bitcoin can fund bills, expenses, or even a down payment, without selling a single satoshi. ✊👉 https://t.co/ssQc43cOGt#Coinbase #Ad https://t.co/YuHLUJcShF ...

Coinbase Global (COIN) has applied for a national trust bank license, joining the throng of other crypto firms seeking a credential that has some in the banking industry skittish. The company is seeking this novel banking charter from the Office of the Comptroller of the Currency (OCC) to grow its institutional custody business, according to Coinbase vice president and head of institutional product Greg Tusar. "We're excited about getting a national trust charter for our custody business and think that d ...

🚨 🚨 🚨 505 #BTC (61,941,853 USD) transferred from unknown wallet to #Coinbasehttps://t.co/tzikqwPBmM ...

🚨 🚨 🚨 427 #BTC (52,411,591 USD) transferred from unknown wallet to #Coinbasehttps://t.co/5203ini9L4 ...

🚨 🚨 🚨 499 #BTC (61,220,748 USD) transferred from Coinbase Institutional to unknown new wallethttps://t.co/vYLJZboO9E ...

Global P2P, powered by https://t.co/vLlD1pJY0l→ Send USDC offchain for free.→ Sending USDC onchain via @base is free, up to 20 sends per month (after which a network fee applies). ...

Core Insights - Coinbase's new lending product is generating profits through various channels, including transaction fees and performance fees, although not all profits are clearly visible on-chain [1][2] - The initiative aims to meet the increasing demand for digital asset utilization, promoting financial empowerment among users [2] - The arrangement with Morpho involves a curator named Steakhouse, which is not fully detailed in the product's FAQ, despite claims of no Coinbase fees [2] Group 1 - Users can deposit wrapped Bitcoin and USDC into vaults on Morpho, allowing them to either use Bitcoin as collateral for loans or earn yield on USDC deposits [2] - The lending market on Morpho has surpassed $1 billion in originations, indicating significant user engagement [2] - Performance fees are directed to curators who act as risk managers, with customizable fees based on vault performance [3] Group 2 - The vault with the highest deposits on Morpho is curated by Spark, which takes a 10% cut from the 6% APY generated from approximately $700 million in USDC deposits [4] - Steakhouse curates a vault that offers a 5.6% APY on USDC, with a 25% performance fee, one of the highest on the platform [5] - The selection of Steakhouse as a starting vault is attributed to its liquid collateral exposure and overcollateralization, providing additional security for lenders [6]

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