Today, Bitcoin wrestles the $88,000 mark. The Senate confirms President Trump's pick to lead the CFTC. And Andrew Fearman of Chain Analysis breaks down the surge in North Korean crypto hacks in 2025.Welcome to CBC's Crypto World. I'm Brandon Gomez. Crypto prices mixed this morning as we head into the weekend.[music] As of noon Eastern, Bitcoin was little changed from 24 hours before. Ether rose nearly 1% to 2966 [music] and XRP fell around 1%. Now for the week, crypto markets broadly underperformed large ca ...

Core Insights - Coinbase has launched a program enabling businesses to create their own stablecoins, enhancing control over stablecoin liquidity and product experience [5] - The company is also collaborating with Klarna to facilitate stablecoin funding, allowing Klarna to raise short-term funding from institutional investors using USDC [6][7] Group 1: Coinbase Custom Stablecoins Service - The new Coinbase Custom Stablecoins service allows businesses to create custom stablecoins backed by flexible collateral, including USDC [2] - The platform provides issuance infrastructure, with Coinbase managing smart contracts, security, and chain management [3] - Companies can customize their stablecoins' brand identity, including asset name, ticker, and visual identity, and benefit from global distribution to Coinbase's user base [3] Group 2: Features and Benefits - Coinbase holds reserves in segregated wallets and allows companies to earn rewards on their stablecoin supply [4] - Instant liquidity is ensured through zero-fee swaps between USDC and any Coinbase Custom Stablecoin [4] - The service aims to eliminate the need for enterprises to rely on third-party issuers for stablecoin liquidity [5] Group 3: Collaboration with Klarna - Klarna has chosen to collaborate with Coinbase for stablecoin funding due to Coinbase's proven track record in providing crypto infrastructure for over 260 businesses [6] - The partnership is seen as a way to connect Klarna with a new class of institutional investors and diversify funding sources [7] - This initiative is part of Coinbase's broader strategy to build an "Everything Exchange" that includes trading and financial services [7]

Core Insights - Cryptocurrency, particularly Bitcoin, is under scrutiny as it approaches the end of 2025, raising questions about its legitimacy as an asset class versus being a speculative bubble [1] Current Market Status - Bitcoin's price is over 30% below its all-time high from October 2025, indicating ongoing volatility, yet it remains near six-figure levels, reflecting market resilience despite corrections [2][8] - Regulatory clarity is improving as various governments, including the U.K., are working towards establishing clearer frameworks for cryptocurrency [2] Technical Risks - Concerns about quantum computing pose potential threats to cryptographic security, with major tech companies and startups actively researching quantum computing [3] Industry Developments - Major crypto infrastructure firms like Coinbase are diversifying into stock trading and prediction markets, indicating a shift away from reliance solely on token volatility [4] Historical Comparisons - The analogy between Bitcoin and the 17th-century Tulip Mania is debated, with critics arguing that Bitcoin's history of recovery and structural differences make the comparison oversimplified [5][9] - Bitcoin has survived multiple boom-bust cycles over 17 years, contrasting with Tulip Mania's permanent collapse after a brief surge [9] Adoption and Investment Implications - Institutional adoption is a key factor supporting Bitcoin's legitimacy, with the launch of spot Bitcoin ETFs attracting significant capital and embedding crypto in mainstream portfolios [10] - Bitcoin's correlation with traditional equity markets has increased post-ETF approvals, with forecasts suggesting potential price rises through 2025 driven by macroeconomic conditions and institutional demand [10] Investment Strategy - Despite the growing visibility of crypto, equities should remain a priority for most investors due to their historical performance and lower structural risks [11][12] - Research supports small allocations to alternative assets like crypto, but emphasizes the importance of maintaining diversified equity portfolios for long-term growth and stability [13]

Coinbase says Trump's Big Beautiful Bill could push gamblers into arms of prediction markets https://t.co/F9eRDueZHt ...

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Core Viewpoint - Bitcoin's long-term investment thesis is transitioning from speculation to being recognized as a store of value, with projections suggesting it could reach $1.4 million by 2035 [1][4]. Store-Of-Value Model Drives $1.4 Million Target - Analysts from CF Benchmarks propose that Bitcoin will gradually assume part of gold's role as a store of value, supported by a framework that includes comparative valuation, production costs, and sensitivity to monetary liquidity [2]. - The current market for store-of-value assets is approximately $30 trillion, with gold being the predominant asset [2]. Market Capitalization Scenarios - Analysts modeled scenarios where Bitcoin captures between 17% and 33% of gold's market capitalization by 2035 [3]. Price Target and Returns - A probability-weighted analysis yields a base-case price target for Bitcoin of around $1.42 million, indicating potential annualized returns of about 30% [4]. Production Costs and Price Support - The report emphasizes rising production costs as a factor supporting Bitcoin's price over time, treating it similarly to a commodity like gold [6]. - Current estimates suggest it costs between $40,000 and $50,000 to mine one Bitcoin, with production becoming increasingly challenging due to halving events and rising mining difficulty [6]. Liquidity and Volatility Trends - Bitcoin's price is closely correlated with the global M2 money supply, which influences investment availability; typically, Bitcoin's price rises following increases in M2 [8]. - The report notes a trend of decreasing price volatility, with expectations that it will fall to around 28% by 2035, down from previous triple-digit levels [11]. Institutional Participation - Increased liquidity and institutional involvement are contributing to the reduction in volatility, with even small allocations to Bitcoin potentially enhancing portfolio returns [12]. Broader Industry Perspectives - Other industry leaders, including Coinbase's CEO and BitMEX co-founder, have echoed similar bullish projections for Bitcoin, with targets reaching $1 million by 2030 [13][14]. - The macroeconomic environment is seen as favorable for Bitcoin, with expanding liquidity and rising institutional comfort with digital assets [16]. Current Market Context - Bitcoin is currently approximately 30% below its all-time high of nearly $126,000, indicating a significant gap between long-term projections and the current market situation [17].

Morning Minute: Coinbase Wants to Be the Everything Exchange► https://t.co/DPlfFsoY8e https://t.co/DPlfFsoY8e ...

Coinbase Sues Three States Over Prediction Market Regulation► https://t.co/SOvVMKr1hp https://t.co/SOvVMKr1hp ...

Core Viewpoint - Coinbase is actively engaging in the legal landscape as it expands into the prediction markets sector, which is experiencing rapid growth [1] Group 1: Company Developments - Coinbase is entering the prediction markets, indicating a strategic move to diversify its offerings and tap into a growing segment of the market [1] - The company is not delaying its legal preparations, suggesting a proactive approach to potential regulatory challenges in this new area [1] Group 2: Industry Trends - The prediction markets are identified as a rapidly growing sector, highlighting increasing interest and potential profitability in this area [1]