Coinbase

Coinbase is preparing to launch prediction markets and tokenized stocks, marking a significant expansion beyond traditional cryptocurrency trading. The move, reported by Bloomberg, aims to diversify the platform’s offerings and tap into rapidly growing markets.

A recent analysis from Coinbase suggests Bitcoin may experience a ‘Santa Claus rally’ this December. The rationale is based on a significant reduction in market leverage following a volatile November, creating a healthier market structure and reducing the risk of sudden liquidations.

The crypto market shows a cautious recovery with Bitcoin and Ethereum in the green. Key developments from the US and institutional players, including Fed bond purchases and Ethereum’s new use cases, boost optimism.

Several crypto exchanges, including Bitvavo, experienced a brief outage this morning due to a larger issue with internet infrastructure provider Cloudflare. The problem was resolved within 16 minutes.

Dutch exchange Bitvavo has added TOSHI, a memecoin built on Coinbase’s Base layer-2 network. The token, named after Brian Armstrong’s cat, is part of a larger ecosystem including NFTs and a launchpad, and has seen a recent 98% price increase.

After months of decline, the Sui cryptocurrency has jumped over 30% in 24 hours, fueled by its new listing on Coinbase in New York and a shift in its market structure, signaling a potential trend reversal.

While many investors are panic selling, Cathie Wood’s Ark Invest has purchased another $38.7 million in shares of major crypto companies like Coinbase and Circle, doubling down on its strategy of buying the dip.