News linked to both this project and an event.
Circle has announced the launch of a wrapped Bitcoin product, cirBTC, on the Ethereum blockchain. The token is fully backed 1:1 by Bitcoin, designed to help users integrate BTC assets into DeFi scenarios such as lending, decentralized exchanges (DEXs), tokenized assets, and stablecoins.Circle stated that cirBTC is primarily aimed at institutional investors, whose target client base typically holds Bitcoin as a core crypto asset allocation and has already established trust in Circle's infrastructure through products like USDC. Currently, USDC's market capitalization exceeds $75 billion, making it the second-largest stablecoin in the market.The wrapped Bitcoin market is currently dominated by wBTC and cbBTC, launched by Coinbase. Among them, wBTC, launched in 2019, has a market cap of approximately $7.3 billion and remains the largest wrapped Bitcoin product; cbBTC, which went live in 2024, has a market cap close to $5.4 billion. With the launch of cirBTC, Circle will directly compete with Coinbase and BitGo, the primary custodian of wBTC, for institutional wrapped Bitcoin market share.Data shows that the total market capitalization of all wrapped Bitcoin tokens currently stands at approximately $12.5 billion to $13.5 billion, accounting for roughly 1% of Bitcoin's total market cap of about $1.25 trillion. (CoinDesk)
Coinbase has announced on the X platform that it has officially become the deployer of the Hyperliquid USDC Treasury wallet, activating the AQAv2 feature through two addresses.Analysts believe this adjustment means the USDC Treasury wallet within the Hyperliquid ecosystem will be deployed and managed by Coinbase for related on-chain operations, further strengthening the partnership between the two parties in stablecoin infrastructure.
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
According to Cointelegraph, Coinbase and Better Home & Finance announced they will launch a cryptocurrency-backed mortgage program in summer 2026, enabling qualified borrowers to use bitcoin (BTC) or USDC as collateral to fund down payments on mortgages backed by Fannie Mae. This initiative follows the U.S. Federal Housing Finance Agency’s (FHFA) directive in June 2025 instructing Fannie Mae and Freddie Mac to include crypto assets in mortgage risk assessments—without requiring conversion into fiat currency. Other lenders, including Newrez, have already begun adopting similar measures. However, some U.S. senators have expressed concerns that cryptocurrency price volatility could threaten housing market stability. Republican Senator Cynthia Lummis has introduced the “21st Century Mortgage Act,” aiming to codify this policy into law.
Coinbase announced on the X platform that the first mortgage in the United States backed by Bitcoin as the underlying asset and guaranteed by Fannie Mae has been successfully issued. The loan was originated and serviced by Better, with technology provided by Coinbase. Coinbase stated that the product will be rolled out nationwide this summer, offering innovative mortgage options for Bitcoin holders while advancing the application of crypto assets in traditional finance.
Coinbase announced on X platform that Pre-IPO perpetual contracts have been listed on Coinbase, with the first underlying asset being SpaceX, and are now open for trading to eligible non-US users. The contract supports 24/7 trading, settled in USDC, with no expiration date. After the IPO, related positions will be automatically converted to regular perpetual contracts with no action required.
According to the official announcement, Coinbase has announced that trading for the SpaceX Pre-IPO Perpetual Contract (SPCX-PERP) will go live on or after June 4, 2026, at 14:00 (UTC+8). Trading in this market will be available in regions where liquidity conditions are met and local regulatory support is in place.
According to Odaily, open-source software Layer 2 network tea Protocol announced that its mainnet and native token TEA officially launched at 08:00 Beijing time on June 4. TEA simultaneously listed on Aerodrome, MEXC, Gate, and KuCoin for trading.It is reported that Aerodrome has opened TEA liquidity pool voting, allowing veAERO holders to participate in reward distribution and guide liquidity. In the future, users will also be able to access TEA-related liquidity services through mainstream wallets such as Coinbase Wallet, Binance Wallet, OKX Wallet, and Trust Wallet.Tim Lewis, co-founder of tea Protocol, stated that as AI accelerates software development, the open-source software ecosystem's demand for transparent, trusted, and sustainable infrastructure continues to grow. Tea aims to build a new value network serving open-source developers.
According to an official announcement, Coinbase has added support for the ETH-INR and SOL-INR trading pairs for Indian users. These trading pairs will initially launch on Coinbase Exchange and will be progressively rolled out to Coinbase.com, the Coinbase App, and Coinbase Advanced.
Global payment networks Stripe, Visa, and Mastercard are close to launching a new stablecoin platform.According to sources familiar with the matter, U.S. cryptocurrency exchange Coinbase is also exploring the possibility of participating in this stablecoin platform. Meanwhile, Binance, Coinbase, Stripe, and Visa have all declined to comment, and Mastercard did not respond to requests for comment before publication. Additionally, the revenue-sharing agreement between Coinbase and Circle Internet is set to expire and be renewed in August of this year, with the current market cap of USDC reaching $76 billion. (CoinDesk)
According to The Block, Coinbase Ventures announced its investment in Ethena by purchasing ENA tokens on the public market. The two parties also announced a strategic partnership to jointly expand onchain financial and savings products. According to Guy Young, Ethena’s founder, the integration will go live next week, marking the first time Ethena’s products will be made available to Coinbase’s over 100 million users. Additionally, the collaboration involves Circle’s USDC stablecoin, though specific details of this cooperation have not yet been disclosed.
Coinbase Ventures stated it has invested in Ethena by purchasing ENA tokens on the open market. Following the announcement, ENA rose approximately 6% over the past 24 hours.Ethena said the two parties will collaborate to advance on-chain finance and savings products. Coinbase also mentioned that they will establish closer cooperation, which involves Circle's stablecoin USDC.Ethena founder Guy Young stated that Ethena's products will be integrated with Coinbase's user base of over 100 million for the first time next week, to support its dollar savings products. The market is watching how the two parties will subsequently collaborate around USDC and Ethena's synthetic dollar, USDe. This move also comes as the US "Clarity Act" remains deadlocked in the legislative process. The bill concerns whether platforms like Coinbase can offer users rewards for holding stablecoins, while banking lobbying groups have consistently opposed similar stablecoin yield arrangements.
Coinbase has released a post-mortem report on the large-scale service outage that occurred on May 7, 2026. The disruption lasted approximately 8 hours, with full recovery taking about 12 hours. During this period, trading, deposits, withdrawals, and most core services were either unavailable or severely degraded.Coinbase stated that the outage was triggered by the simultaneous failure of multiple chillers in the cooling system of a data center within an Availability Zone (use1-az4) of the AWS us-east-1 region. This led to thermal shutdown protection for server racks, causing EC2 instances and EBS volumes to go offline, and impacting multiple internet services.During the recovery process, Coinbase's trading matching engine lost quorum after its cluster architecture, deployed within a single AWS data center, lost the majority of its nodes. Emergency code adjustments and the formation of new node groups were required to restore operations, with market trading being gradually restarted throughout the recovery.Additionally, the AWS Managed Streaming for Kafka (MSK) service experienced a control plane failure, preventing automatic re-election of partition leaders. This further blocked order books, fee calculations, and parts of the settlement and data streaming systems, expanding the overall impact. After Coinbase and the AWS engineering teams collaborated on manual partition migrations, the system gradually returned to normal.Coinbase indicated that this incident exposed deficiencies in its cross-Availability Zone automatic failover capabilities and the disaster recovery of managed middleware. The company will upgrade its cross-region hot standby architecture, strengthen regular disaster recovery drills, migrate its Kafka systems from a dual-AZ to a triple-AZ deployment, and work jointly with AWS to address root causes and implement improvements.
According to CoinTelegraph, Kraken announced on May 30 that it plans to launch CFTC-regulated Bitcoin perpetual futures contracts via its subsidiary Bitnomial exchange within the next 30 days, targeting U.S. institutional clients. Earlier the same day, the CFTC formally approved perpetual futures contracts linked to the Bitcoin spot price, with KalshiEX becoming the first exchange to receive approval for listing such products. Meanwhile, Coinbase Financial Markets swiftly followed suit, leveraging Deribit—the world’s largest crypto options exchange, which it acquired in August 2025—to provide U.S. institutional clients with access to global crypto options and perpetual futures markets.
According to Coinbase’s official blog, Coinbase announced on May 31 that it has officially launched services for retail users in India, enabling direct deposits and withdrawals of Indian Rupees (INR) via the IMPS channel—eliminating the need for P2P intermediaries. Indian users can now trade spot and perpetual futures on the platform and access a dedicated INR order book built specifically for the local market. Coinbase stated that it has completed registration with India’s Financial Intelligence Unit (FIU-IND) and complies with Indian tax regulations.
Kraken has announced plans to launch CFTC-regulated perpetual futures contracts in the United States within the next 30 days. The exchange stated that, upon approval, the relevant contracts will be listed on Bitnomial Exchange; Bitnomial is a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward. Kraken said it submitted an application on Friday and indicated that US customers will soon be able to trade perpetual futures on Kraken Pro. As of early Sunday morning, no application specifically for Bitcoin perpetual futures had been identified in Bitnomial's recent CFTC filings. On April 17, Payward announced it would acquire crypto derivatives platform Bitnomial for up to $550 million to offer its perpetual futures products to Kraken Pro clients. Previously, the CFTC had approved KalshiEX to trade Bitcoin perpetual futures contracts, and Coinbase Financial Markets also began providing US institutional clients with access to global crypto options and perpetual futures markets through regulated futures commission merchant Deribit. (cointelegraph)
Odaily News, the U.S. Commodity Futures Trading Commission (CFTC) Market Participants Division today issued an interpretive opinion and a "No-Action Letter" in response to an application from Coinbase Financial Markets, allowing it to offer trading services for certain digital commodity derivatives through its affiliated offshore trading platform, Deribit. CFTC staff confirmed that, based on the framework approved for Kalshi's BTCPERP contract on May 29, 2026, relevant crypto perpetual contracts can be classified as "foreign futures" as defined under Regulation 30.1.Simultaneously, under the fulfillment of specific conditions, the CFTC's Market Participants Division stated it does not recommend enforcement action against Coinbase Financial Markets. This allows Coinbase to transfer customer-held digital commodities and stablecoins, used as margin, to its affiliated offshore broker-dealer to support trading positions in foreign futures and options, even if the relevant offshore broker-dealer has the right to rehypothecate these assets.Analysts believe this statement further clarifies the classification path for crypto perpetual contracts within the U.S. regulatory framework and provides institutional space for compliant entities to access derivatives trading through offshore liquidity markets.
Coinbase has announced it has become the first and currently the only Futures Commission Merchant (FCM) regulated by the U.S. Commodity Futures Trading Commission (CFTC), providing U.S. clients with access to the global crypto derivatives market, including crypto perpetual contracts and options. Previously, U.S. institutions could only trade crypto products derived from domestic futures exchanges, lacking access to global markets.Previously, U.S. clients were unable to participate in such global markets through compliant channels and had to establish offshore entities to access liquidity, resulting in increased counterparty risk and duplicated infrastructure costs. Through a single CFTC-regulated FCM, Coinbase Financial Markets is opening compliant access to global crypto options and perpetual contracts for U.S. institutional clients, including connectivity to platforms like Deribit, whose Bitcoin options open interest exceeds $31 billion, accounting for the vast majority of the global options market.Institutional clients can begin onboarding immediately. Deribit options are now available via Coinbase Financial Markets, with perpetual contracts and additional collateral types to be rolled out gradually. Broader access for retail clients is also in the pipeline.This move means that U.S. clients can finally participate in the world's largest and most liquid crypto derivatives market through a single, regulated channel, providing institutional investors with a more complete and compliant trading environment while reducing cross-border operations and complexity.
According to The Block, Base—the Ethereum Layer 2 network operated by Coinbase—has officially activated the Azul upgrade on its mainnet. This marks Base’s first independent network upgrade following its separation from the Optimism Superchain. The Azul upgrade introduces a multi-proof system that combines TEE (Trusted Execution Environment) proofs with zero-knowledge (ZK) proofs, reducing the shortest possible withdrawal finalization time to just one day. Both proof types can independently confirm proposals; in case of conflict, permissionless ZK proofs override TEE proofs—further enhancing the network’s censorship resistance. Additionally, Azul integrates Base into a single execution client, <code>base-reth-node</code>, and introduces a new consensus client, <code>base-consensus</code>, built on OP Kona. Following the upgrade, the number of empty blocks has plummeted from approximately 200 per day to roughly 2 per day, and the network has achieved a sustained peak throughput of 5,000 transactions per second.
Coinbase released its Solana Validator Performance Report for Q1 2026, disclosing its staking volume, infrastructure upgrades, and network optimization progress. The report reveals that Coinbase has staked approximately 40.48 million SOL on the Solana network—representing 9.52% of the network’s total staked SOL—with validator nodes distributed across six countries/regions. The report also highlights that Coinbase has implemented a near-zero downtime (ZDD) upgrade mechanism, leveraging hot-swapping and dual-signature protection to ensure network security and stability during validator updates. It supports multiple client implementations—including Harmonic, Jito, JitoBAM, Firedancer, and Rakurai—to enhance diversity and resilience within the Solana validator ecosystem and mitigate risks associated with centralized scheduling strategies.