Core Insights - Coinbase has launched a new futures contract called the Mag7 + Crypto Equity Index, which combines exposure to both crypto and traditional finance (TradFi) stocks [1][2] - This product is the first US-listed derivative to offer direct spot exposure to both crypto and major equities in a single contract [3] - The index is composed of ten sources, with the "Magnificent 7" tech firms and Coinbase's own stock each representing 10% of the total valuation [4] Product Details - The new futures contract includes two crypto ETFs from BlackRock, specifically tracking Bitcoin and Ethereum [4] - Coinbase plans to introduce more multi-asset derivatives in the future, indicating a shift in its product strategy [3][6] Market Implications - While the contract may not significantly bridge the gap between crypto and TradFi, it represents an important step for Coinbase in diversifying its offerings [5][6] - If successful, this product could lead to increased interest from institutional investors, potentially driving significant inflows into the crypto market [6][7]

🚨 🚨 🚨 🚨 🚨 🚨 34,999 #ETH (145,582,843 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/Vb6hSisN19 ...

It's a great week to use @base.Coinbase 🛡️ (@coinbase):It's a great week to use @base. ...

Core Insights - The future of finance may transition from traditional Wall Street systems to blockchain networks, emphasizing the potential of tokenization of real-world assets (RWAs) [1][2][3] - Tokenization is seen as a transformative use case for blockchain, enhancing liquidity, transparency, and enabling 24/7 trading for assets like real estate and equities [2][4] Tokenization and Market Dynamics - The tokenization of money market funds is highlighted as a significant opportunity, with stablecoins acting as a bridge to this new system [4] - The demand for round-the-clock trading is underscored by the performance of Bitcoin during geopolitical events, suggesting that traditional markets could benefit from similar on-chain trading capabilities [6][7] Derivatives and Trading Strategies - The rise of zero-day-to-expiry (zero-DTE) options in the U.S. is noted, with these options now making up over half of daily S&P 500 options trading [8] - There is a potential for the appetite for zero-DTE options to extend into the crypto market, with existing platforms like Deribit already offering such products [9][10] Coinbase and Market Position - Coinbase has solidified its position in the crypto market by acquiring Deribit, the leading crypto derivatives platform, enhancing its global derivatives offerings [11]

🗞️ Kevin Durant's Coinbase account was recovered after nearly a decade, confirmed by CEO Brian Armstrong on X.🗞️ Crypto traders saw over $1.5B in bullish wagers liquidated on Monday, triggering a sharp sell-off.🗞️ Bitcoin shows bearish signs with an indecisive doji candle at a critical resistance.@JennSanasie hosts "CoinDesk Daily."Thank you to @MidnightNtwrk 👋 for being a sponsor of the CoinDesk media network. ...

How much would I get in airdrop rewards if I tokenized every leaked user from Coinbase’s social security number?!Each full social is a new Zora creator coin!And it’s all powered by Coinbase, the data too!IcoBeast.eth🦇🔊 (@beast_ico):The Base airdrop will be massive and still most will miss it because they're not able to read between the lines and are already just grinding out txns across a bunch of walletsimo Base team/eco has been extremely on the nose about how to qualify/juice allocation.Good luck https:/ ...

Product Launch - Coinbase Institutional launches "Mag7 + Crypto Equity Index Futures", the first U S futures contract providing exposure to both traditional equities and crypto ETFs [1] - The new futures contract combines major equity and crypto assets into one product [1] Platform - "Mag7 + Crypto Equity Index Futures" are now available on Coinbase Derivatives [1]

Group 1: VivoPower International PLC (VVPR) - VivoPower International shares closed at $4.83, down 4.45% on the previous trading day, but could see gains this week due to developments in its crypto-forward strategy [1] - On September 18, VivoPower announced a partnership with Confirmo, enabling the processing of employee payments via stablecoins, which may enhance shareholder excitement and demand [2] - If demand increases, VVPR's stock could strengthen above $5.62 [2] Group 2: HIVE Digital Technologies Ltd. (HIVE) - HIVE shares closed at $3.79, down 1.3%, but may experience gains this week due to expansion in high-performance computing through its subsidiary BUZZ HPC [3] - On September 18, HIVE Digital announced the acquisition of a 7.2-megawatt data center site in the Greater Toronto Area, aimed at supporting AI workloads and providing colocation services [4] - HIVE could strengthen above $3.92 if buying activity accelerates, while a dip below $3.36 is possible if selling pressure increases [5][6] Group 3: Coinbase (COIN) - Coinbase shares fell by 0.20% to close at $342.46, but attention is warranted this week due to the CEO's ambitious plans for a "financial super app" that aims to replace traditional banking services with cryptocurrency technology [7]

Core Viewpoint - The cryptocurrency sector is experiencing a significant downturn, with major stocks related to Bitcoin and Ethereum showing notable declines in their market prices [1] Group 1: Bitcoin-Related Stocks - Bit Digital (BTBT.US) has seen a decline of over 2.4% [1] - Hut 8 Mining (HUT.US) also dropped by 2.4% [1] - MicroStrategy (MSTR.US) experienced a decrease of more than 1.6% [1] Group 2: Ethereum-Related Stocks - Bitmine Immersion Technologies (BMNR.US) fell nearly 6% [1] - Bit Digital (BTBT.US) again reported a decline of over 2.5% [1] Group 3: Cryptocurrency Exchanges and Other Stocks - Coinbase (COIN.US) dropped more than 2.6% [1] - Robinhood (HOOD.US) saw a decline of over 1% [1] - Circle (CRCL.US), a leading stablecoin issuer, fell by more than 5% [1] Group 4: Cryptocurrency Prices - Ethereum's price decreased by nearly 6%, falling below the $4200 mark [1] - Bitcoin's price dropped over 2%, currently at $113,136 [1]

It's a great week to use @base. ...