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According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 44 consecutive days, with the latest value at -0.1089%. This index measures the deviation of the BTC price on Coinbase (a mainstream compliant platform in the U.S.) relative to the global average price. A sustained negative value indicates heavy selling pressure in the U.S. market, a decline in risk appetite, capital outflows, or rising risk aversion.Historical data shows that long-term negative premiums are often accompanied by the exit of institutional funds from the U.S., necessitating caution regarding short-term pullback pressure. Darkfost, an author on the CryptoQuant platform, stated that there is a lag in institutional demand for BTC. The Coinbase premium index is primarily used to assess the demand for Bitcoin among professionals and institutions. By comparing BTC prices on Coinbase Advanced and Binance, you can directly understand the purchasing behavior of these users.Negative data indicates that the amount sold by institutional investors exceeds that of retail investors, while retail investors are mostly active on the Binance platform, and their behavior has led to the decline in the price of the Coinbase premium index. Previously, this index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "consecutive negative" since the index was launched, surpassing the approximately 30 days of consecutive negative premium during the "1011 crash."

According to monitoring by Catcher Predict, in the market prediction event "NBA: Where will Giannis Antetokounmpo go?" on Polymarket, the "Yes" option for the sub-market "Miami Heat" experienced significant fluctuations in its winning probability, soaring from 50% an hour ago to the current 69.5% (a fluctuation of 19.5%). Please note the impact of related breaking news.

On-chain data shows that assets under Coinbase have become the most important source of traffic for the decentralized lending protocol Morpho. USDC and cbBTC together account for 53% of total deposits on the Morpho platform, with Coinbase users contributing 83% of cbBTC deposits and 59% of USDC deposits. The lending side is also highly dependent on the Coinbase ecosystem. Of the $2.3 billion USDC loans on the Morpho platform, approximately $1.2 billion comes from Coinbase users using cbBTC as collateral, accounting for more than half.Analysts point out that a deep symbiotic relationship has formed between the two: Coinbase takes on the role of user acquisition and asset flow, while Morpho acts as the yield layer that brings these assets into on-chain operations. This case once again confirms that in the crypto industry, the moat of distribution channels is often stronger than the technology itself.

Coinbase CEO Brian Armstrong recently stated in an interview that the threat of quantum computing to Bitcoin has been greatly exaggerated. "This is not a problem unique to cryptocurrency; it's something the whole world needs to deal with. We are working directly with core developers to address quantum issues."

According to Coinglass data, the Coinbase Bitcoin premium index briefly turned positive this Monday but has now turned negative again, currently reported at -0.103%, indicating that purchasing power in the U.S. market continues to weaken.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, an increase in market risk aversion, or capital outflows.

Brian Armstrong posted on the X platform that Coinbase now includes pre-IPO perpetual contracts, stock options, and will soon support tokenized stocks; Coinbase has also redesigned Coinbase Advanced and begun integrating global liquidity between U.S. and international users, as well as between Coinbase and Deribit users. CoinbaseDev is providing stablecoin payment capabilities for enterprises, launching fully managed accounts based on its compliance tech stack, and rolling out a new developer tools dashboard. Regarding Base, Coinbase announced the launch of private transactions and a web-based Base App. Coinbase is also becoming a financial account for AI, supporting wallet provision for AI agents, obtaining AI-driven financial advice, and connecting Coinbase accounts to users' commonly used LLMs.

Coinbase has switched the O-USD trading pair to full trading mode on Coinbase Exchange and Coinbase Advanced, supporting all order types including limit orders, market orders, and stop orders.

Coinbase Markets tweeted that the RE project token has officially launched on coinbase.com and the Coinbase App, available to users in compliant regions. Coinbase customers can log into their accounts to buy, sell, convert, send, receive, and custody RE.

According to The Block, Ark Invest, led by Cathie Wood, purchased $18.4 million in Coinbase stock on Wednesday while selling nearly $29 million in Robinhood stock. Coinbase closed down 2.57% at $164.92 that day, while Robinhood closed up 8.78% at $105.2. Robinhood remains the fourth largest holding in ARKK, accounting for 4.87%; Coinbase is the eighth largest holding, accounting for 3.71%.

Molly O'Shea, founder of the technology and investment media platform Sourcery, revealed in a post on the X platform that Coinbase's AI agent has registered as an investment advisor with the U.S. Securities and Exchange Commission (SEC) and has its own financial accounts. Coinbase CEO Brian Armstrong stated that the AI agents are forming an independent economy: they purchase goods and services and also hire other agents to collaborate, thus requiring a completely new financial infrastructure to support these activities.Coinbase provides a complete tech stack for this trend, covering trading, payments, and account management. Previously, Coinbase launched the "Coinbase for Agents" platform, allowing AI systems to execute trading and payment tasks through independent sub-accounts within a secure framework set by users, covering spot, derivatives, and future stock and prediction markets.

On-chain digital advertising startup EarnOS announced the completion of a $6 million Pre-A round of financing, led by 1kx, with participation from Coinbase Ventures, Circle Ventures, and Social Graph Ventures. In addition, EarnOS also received a four-year, $12.5 million non-dilutive strategic investment from Verona (formerly XION) to support application validation, user access, and reward distribution systems. The company also announced a rebranding and stated that its L1 network will provide underlying support for EarnOS, aimed at large-scale user authentication and task incentive mechanisms.

The decentralized reinsurance protocol Re announced that it has received strategic investment from Coinbase Ventures.

According to The Block, Benchmark Equity Research maintains a buy rating on Coinbase, with a target price of $270, representing an upside of approximately 59.5% from the current stock price. Analyst Mark Palmer stated that Coinbase's recent system updates clearly demonstrate its rapid transformation from a cyclical crypto broker to an infrastructure platform connecting the on-chain economy with traditional finance.The report highlights Coinbase's product advancements in tokenized U.S. stocks, stock and crypto options, prediction markets, AI investment tools, and agentic payment infrastructure, as well as its prior approval from the CFTC to operate as a Futures Commission Merchant (FCM), allowing it to offer global crypto perpetual contracts and options trading to U.S. clients through Deribit. Benchmark believes these initiatives further confirm that Coinbase is continuously expanding its business boundaries beyond spot crypto trading.

Coinbase has released the latest System Update, announcing a series of product upgrades that cover AI investment advisory, global liquidity unification, options trading, and the expansion of multi-asset financial services, further transforming into a comprehensive financial platform. The core features of this update include the SEC-registered AI investment advisor Coinbase Advisor, which can provide personalized multi-asset trading and hedging strategies based on user holdings and market data, but does not execute trades directly. At the same time, the platform will introduce a globally unified liquidity pool, connecting the spot and derivatives trading systems of the U.S. and international markets.In terms of product expansion, Coinbase will support stock and crypto options trading and strengthen its derivatives capabilities through the acquisition of Deribit. Additionally, the company has launched pre-IPO perpetual contracts covering popular targets like SpaceX and plans to expand to future IPO projects such as Anthropic and OpenAI. Coinbase has also introduced the Coinbase One Card upgrade program, where users can stake $500 to $5000 USDC to qualify for a credit card and receive 5% Bitcoin cashback when booking through the Booking.com travel portal. The platform will also gradually support the migration of stock assets to Coinbase trading.On the trading infrastructure level, Coinbase has introduced the Transfer Protection mechanism, which prevents security risks such as wrench attacks through delayed withdrawals, and has expanded its prediction market products, launching crypto price binary options and combination prediction trading with a 15-minute cycle. Coinbase stated that its goal is to build an Everything Exchange covering trading, payments, lending, and investment, making it the primary financial account for users.

Coinbase has released the latest enterprise-level "System Update," introducing a series of new products and infrastructure upgrades, further expanding its positioning towards "Everything Exchange," covering crypto assets, stocks, options, perpetual contracts, prediction markets, token issuance, and smart financial services.This update includes a set of AI investment advisor systems registered with the SEC, integrated into the main Coinbase trading platform. Coinbase also announced the establishment of global unified liquidity between the U.S. and international platforms, covering spot crypto assets and derivatives trading to enhance trading depth and execution efficiency.On the consumer side, the Coinbase One Card has added new benefits, allowing users to stake 500 to 5000 USDC to obtain the card, and book travel through the Travel Portal launched in partnership with Booking.com, earning 5% Bitcoin cashback.In addition, Coinbase emphasized several trading products that have recently launched or are in progress, including thematic stock indices, pre-IPO perpetual contracts, new features related to options trading, and upgrades to the developer platform. Coinbase stated that its goal is to become a one-stop application for users to conduct multi-asset trading and smart financial management.

According to monitoring by Onchain Lens, Grayscale deposited 1,863 BTC into Coinbase, valued at approximately $123.66 million at current prices.

Coinbase posted on the X platform stating that the first batch of real, 1:1 backed tokenized stocks is about to launch, allowing users to hold actual tokenized stocks of U.S. companies and trade, hold, and redeem them on-chain, while automatically receiving dividends.Coinbase emphasized that this product is not a derivative or an IOU, but a real asset mapping that is 1:1 anchored to the underlying stocks, aimed at providing users with a more transparent and verifiable on-chain stock market experience.

According to the official announcement, Coinbase will list GEODNET (GEOD) on its coin listing roadmap.

The Enforcement Directorate (ED) of India has submitted a charge sheet to the PMLA special court in Dwarka, New Delhi, formally accusing Chirag Tomar and his accomplices of participating in a cryptocurrency phishing scam worth approximately $20 million. Investigations reveal that the gang executed attacks by hijacking SEO related to a counterfeit "Coinbase Pro" phishing website, luring users to input account information and further deceiving them into providing 2FA verification, thereby remotely transferring the victims' crypto assets. The funds were subsequently split into thousands of wallets and laundered through P2P transactions with local trading platforms. The case is coordinated with U.S. federal law enforcement actions.Previously, Tomar was arrested by the FBI in the U.S. and sentenced to 60 months in prison for conspiracy to commit wire fraud. The Indian ED stated that it has obtained key evidence through international judicial cooperation and has frozen 129 bank accounts related to the case and assets amounting to approximately 645.5 million rupees, with the involved funds and properties undergoing further recovery and forfeiture procedures.