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According to The Block, Coinbase announced the launch of fixed-rate Bitcoin collateralized loans through Morpho Midnight, allowing users to borrow USDC and determine the interest rate and repayment date at the time of borrowing. This new option is alongside Coinbase's existing floating-rate loans (based on Morpho Blue), which have outstanding loans exceeding $1.4 billion, corresponding to collateral of approximately $3 billion.Morpho launched Midnight on Base in July, introducing fixed rates and clear loan terms for on-chain lending. A Morpho spokesperson stated that Coinbase is the first mainstream consumer platform to offer Midnight loans on a large scale; since Midnight's launch, deposits have reached approximately $30 million. The outstanding loans for Morpho Blue across all integrations amount to $5.2 billion, with deposits reaching $16 billion.A Coinbase spokesperson did not disclose specific interest rates, stating that rates are determined by the supply and demand of both parties on the on-chain order book. Currently, Coinbase offers loans that mature at the end of the month or the end of the following month, and borrowers must repay before the due date; otherwise, lenders have the right to liquidate their collateral. Jacob Frantz, Coinbase's head of revenue and investment products, stated that Coinbase Borrow allows users to obtain liquidity without selling assets, and fixed-rate borrowing gives users greater choice in credit management. Morpho indicated that Midnight could also be used in the future to build structured credit products and loans collateralized by tokenized real-world assets, with more integrations in progress.

According to official news, Coinbase announced that eligible users can now apply to purchase shares of the smart ring manufacturer Oura at the offering price, and they can receive allocations before the stock begins public trading.

According to Coinglass data, the Coinbase Bitcoin premium index has turned negative again, currently reported at -0.0198% (yesterday it was 0.0013%), and the buying sentiment in the U.S. market has once again fallen into a slump.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, a decline in investors' risk appetite, an increase in market risk aversion, or capital outflow.

According to CoinDesk, the U.S. SEC has launched a five-year innovation exemption that provides a pathway for eligible tokenized U.S. stocks to be traded through automated market makers (AMM) on public blockchains. Analysts from Goldman Sachs and Citizens believe that Coinbase, Robinhood, and Circle could become early beneficiaries of this policy.The new framework requires tokens to retain shareholder rights such as dividends and voting rights while imposing limits on the number of stocks and trading volume that trading platforms can offer. Goldman Sachs stated that Coinbase's existing tokenized stock products already possess several of the required features, and its institutional custody business and Coinbase Tokenize may also benefit.However, Coinbase's current trading platform uses a centralized limit order book, and to operate a trading venue directly under the exemption, it will still need to build AMM infrastructure or route trades to decentralized trading platforms on Base.Currently, the stock tokens offered by Robinhood for markets outside the U.S. are derivatives that only provide price exposure and do not possess the complete shareholder rights required by the framework, thus requiring further adjustments to the product. Robinhood has previously stated plans to add 1:1 redemption and voting rights features for stocks.Analysts also believe that an increase in on-chain securities trading may drive demand for tokenized cash, benefiting Circle indirectly, with USDC potentially being used for settlement and collateral in on-chain markets.

The prediction market Kalshi has submitted proposed rule changes to the U.S. Securities and Exchange Commission and filed for approval with the CFTC to launch perpetual futures contracts anchored to individual U.S. stocks. This proposal echoes the application submitted by Coinbase on the same day, as both companies aim to introduce popular perpetual futures products from the crypto market into the traditional stock market.According to the proposal, the relevant contracts will not have a preset expiration date and will maintain price consistency with the underlying stocks through periodic funding payments between long and short positions. Kalshi stated that these contracts will be treated as securities futures products and will be cleared through its CFTC-registered clearinghouse, Kalshi Klear. Previously, Kalshi has offered perpetual futures anchored to Bitcoin, Ethereum, Solana, and XRP in the U.S., with its Bitcoin perpetual contract receiving CFTC approval in May of this year.The competition for U.S. stock individual perpetual futures is expanding. Kraken's parent company Payward has also submitted an application through its Bitnomial Exchange, planning to initially offer perpetual futures anchored to 10 U.S. stocks, including Tesla, Nvidia, Apple, Microsoft, and Amazon, and is committed to achieving trading five days a week, 24 hours a day. These applications were submitted after the CLARITY Act failed to advance in the Senate on September 15, with SEC Chairman Paul Atkins stating that regardless of legislation, the agency will act decisively within its existing statutory authority to provide regulatory certainty for investors and entrepreneurs.

Coinbase co-founder and CEO Brian Armstrong stated that The Wall Street Journal is writing a report blaming the failure of the CLARITY Act on Coinbase and himself. He mentioned that the newspaper has repeatedly taken an adversarial stance towards CLARITY in related reports and echoed the views of banking lobby groups.Armstrong stated that in January of this year, he opposed a draft that was about to be submitted for committee vote due to significant issues in areas such as DeFi, tokenization, CFTC authority, and stablecoin rewards, which could harm the crypto industry, and that support was scattered and difficult to pass. Afterward, multiple parties modified the draft, and about four months later, the version submitted to the committee had addressed the aforementioned four issues. He expressed that the final draft submitted to the Senate is good and he strongly supports it, and will continue to advocate for clear rules that treat crypto fairly.

According to Arkham monitoring, the Zcash whale address t1Lyq transferred approximately $362.56 million worth of ZEC last night, with $15 million deposited into Coinbase, marking the first recharge to the trading platform by this address in 10 months.Ten months ago, this batch of ZEC was worth approximately $163.88 million. Arkham stated that the whale has realized a paper profit of about $361 million from holding ZEC since 2025.

Coinbase posted on platform X that Coinbase Derivatives, LLC is a designated contract market registered with the U.S. Commodity Futures Trading Commission.The risks of futures trading can be high, and each investor must assess whether this investment is suitable for themselves.

According to The Wall Street Journal, Coinbase has applied for regulatory approval to launch perpetual contracts linked to major U.S. stocks on its regulated derivatives platform in the U.S., targeting about 50 to 60 stocks, including Apple, Microsoft, Tesla, and Nvidia, with plans to launch within the year after approval. The product is intended to be listed by Coinbase Derivatives and traded by Coinbase Financial Markets for clients, requiring approval from the SEC and CFTC.The report states that Coinbase is already offering cryptocurrency perpetual contracts and thematic stock index perpetual contracts in the U.S., and has launched individual stock perpetual contracts for non-U.S. users in March this year. At the end of May, the CFTC approved the listing of perpetual contracts on registered platforms in the U.S. Individual stock perpetual contracts are currently mainly traded on the decentralized exchange Hyperliquid and have not yet landed on regulated platforms in the U.S. The prediction market platform Kalshi has also applied to launch regulated individual stock perpetual contracts.

According to Onchain Lens monitoring, a certain whale withdrew 55,800 HYPE from Coinbase, worth approximately 4.65 million USD; over the past 9 days, a total of 107,900 HYPE has been withdrawn, worth approximately 9.11 million USD.

According to monitoring by Lookonchain, BlackRock deposited 54,096 ETH (worth 131.7 million USD) and 2,015 BTC (153.8 million USD) into Coinbase Prime.

According to Front Office Sports, NBA superstar LeBron James' commercial contract with the prediction market platform Polymarket could be worth $15 million per year.Renowned basketball journalist Siegel pointed out that, based on the current understanding, commercial collaborations between NBA players and external companies do not necessarily violate the existing labor agreement. However, the issue arises if players in the future accept lower NBA contracts to create salary cap space for their teams in exchange for significant off-court income. Such arrangements could effectively resemble "salary cap circumvention." Even if they do not directly violate the rules in form, if there is a clear linkage between off-court income and team salaries, the NBA may pay closer attention to such operations in the future.

Onchain Lens reported that BlackRock accumulated and withdrew 656.71 BTC (approximately 49.79 million USD) and 5150 ETH (approximately 12.28 million USD) from Coinbase Prime, totaling approximately 62 million USD.

Coinbase announced that it will launch BLUE CHIP (BLUECHIP) spot trading today.If liquidity conditions are met, the BLUECHIP-USD trading pair will open later today in supported trading regions.

According to the official announcement, Coinbase today added BLUE CHIP (BLUECHIP) and Ritual (RITUAL) to the asset listing roadmap.

Coinbase Chief Policy Officer Faryar Shirzad commented on the failure of the CLARITY Act to pass a key procedural vote, stating that the U.S. Congress has given their answer: the legislative path is blocked, and there should be no further expectations. The SEC and CFTC, the two major regulatory agencies, can issue clear regulatory rules using their existing authority.With about seven weeks until the midterm elections, crypto voters should use their ballots to retaliate against the lawmakers who voted no.

According to Onchain Lens monitoring, Morgan Stanley's MSBT Bitcoin ETF has accumulated and withdrawn 123.21 Bitcoins from Coinbase Prime, equivalent to approximately 9.33 million dollars at the time of the quote.

Coinbase co-founder and CEO Brian Armstrong stated that the CLARITY Act did not advance in the Senate today, which is disappointing. Although bipartisan dialogue may continue and the bill still has potential for follow-up, we can no longer wait for Congress.Armstrong indicated that the SEC and CFTC already have the tools to establish clear rules under their existing authority and are expected to seriously move forward; clear rules in the crypto space will still come. GENIUS is already the current law in the stablecoin sector, with more lenient rewards. CLARITY made some concessions that were difficult to accept, and perhaps this is better.He stated that crypto cannot be canceled once it has been invented, and as regulators bring clear rules, the financial system will continue to be updated.

According to Onchain Lens monitoring, BlackRock purchased and withdrew 1,698.44 bitcoins from Coinbase Prime, worth approximately 130 million dollars, and 11,700 ETH, worth approximately 28.3 million dollars.