Crypto Morning Brief: Coinbase Launches Stock Trading and Prediction Market Services, Binance Explores Relaunch of Binance.US
**Crypto Morning Brief**
Key market movements include BTC dropping below $86,000 and ETH falling under $2,800. Federal Reserve Governor Waller signaled that the weak job market supports the case for continued interest rate cuts.
Major exchange developments are a central theme. **Coinbase** significantly expanded its services, launching stock trading with zero commissions, 24/5 availability, and a partnership with prediction market provider Kalshi. It also introduced AI-driven wealth management and business services. Meanwhile, **Binance** is reportedly exploring options to restart its US operations, Binance.US, which could involve a capital restructuring to reduce founder CZ's ownership stake.
In other news, **Tether** launched a peer-to-peer password manager called PearPass, emphasizing enhanced security by avoiding cloud storage. **SBI Ripple Asia** announced plans to launch an XRP-based yield product and explore real-world asset tokenization on the XRP Ledger.
Binance Wallet introduced a new on-chain lending feature, and Bitcoin treasury company Metaplanet received support for its management proposals from Norway's sovereign wealth fund.
On the regulatory and corporate front, crypto VC firm **Shima Capital** is shutting down following SEC fraud charges against its founder, who has agreed to a settlement. Bitcoin miner **Hut 8** signed a $7 billion data center lease agreement.
深潮12/18 01:39