News Heat Trend
Project Overview
Coinbase (NASDAQ: COIN) is one of the world's largest cryptocurrency exchanges, enabling individuals and institutions to easily participate in the cryptocurrency economy, including trading, staking, custody, spending, and fast, free global transfers, while also providing critical infrastructure for on-chain activities. Coinbase's mission is to increase economic freedom in the world.
Redotpay plans to confidentially file for a US IPO by the end of the year, targeting a valuation of at least $5 billion
Redotpay is preparing to confidentially submit an IPO application to the US Securities and Exchange Commission by the end of the year, targeting a valuation of at least $5 billion. The company is still in talks for a Pre-IPO funding round at a valuation of $4 billion to $5 billion. Public information shows that Redotpay currently has more than 9 million customers and annualized revenue exceeding $180 million. The company also raised $194 million in 2025, with backers including the venture capital arms of Coinbase and Circle.
Mochatrade has raised a total of $5.56 million, with CoinFund leading the seed round
Mochatrade has announced a cumulative total of $5.56 million in funding, with the seed round led by CoinFund and participation from Coinbase Ventures and others; its $690,000 pre-seed round received support from Y Combinator and Pioneer Fund. The platform targets traders in India, supports INR deposits via UPI, and allows users to go long or short with leverage on the stock prices of U.S. equities such as Nvidia, Tesla, and Apple without holding the actual shares or opening a U.S. securities account. The platform is currently in beta testing, with more than 20,000 people on its waitlist, and is expected to launch publicly in the coming weeks. The funding will be used for trading technology development and user growth, and the platform plans to launch U.S. stock options, more tradable assets, and social trading features in the future. There are currently no plans to issue a token.
California financial regulator opposes SEC crypto plan, warns it could weaken investor protection
Odaily report: The California Department of Financial Protection and Innovation (DFPI) has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing its "Regulation Crypto Assets" proposal, stating that the plan could weaken investor protection and limit state government review of issuance projects. DFPI Commissioner KC Mohseni said California opposes federal regulators undermining state-level regulatory authority and protective measures.The proposal would allow eligible issuers to raise up to $5 million over four years through a startup exemption; another crypto fundraising exemption would allow issuers to raise up to $75 million within 12 months. Relevant issuances would need to disclose project details, risks, and other information necessary for investor assessment, and some fundraisings would also require submission of financial statements and ongoing reporting.Federal securities laws still preserve states' authority to investigate securities fraud, deceptive practices, and illegal broker or dealer activities. Blockchain payments company Ripple, crypto exchange Coinbase, and exchange operator Nasdaq all support adjusting the proposal; the DFPI said its scam tracker list added nearly 200 crypto-related scams, an increase of 30% from the previous year. (Bitcoin.com News)
BLOOM Cross-Border Digital Currency Settlement Initiative Expands with Malaysia and Thailand Central Banks Joining
the Monetary Authority of Singapore has announced the expansion of the BLOOM cross-border digital currency settlement initiative, with Bank Negara Malaysia and the Bank of Thailand joining as policy-making members. BLOOM is a public-private partnership initiative covering regulated stablecoins and tokenized deposits, with participants including Mastercard, Visa, Nium, Ripple, Circle, Coinbase, Airwallex, Maybank, Monee, Shopeepay, and the World Bank Group. The initiative will study the acceptance of different forms of currency, inter-institutional contracting, settlement, and system connectivity, and will implement identity verification and sanctions screening through programmable controls, with applications spanning payments, corporate treasury, and trade finance.
Alliance Partner Discusses a16z's Shift Toward Frontier Tech Investment: AI Infrastructure Development Mirrors Crypto's Past, This Shift May Spur Crypto Talent to Build Frontier Tech
Alliance General Partner Imran recently posted on X, sharing his views on a16z crypto's shift toward frontier technology sectors. He noted that a16z provided early endorsement for the crypto industry when Chris Dixon led Coinbase's investment in 2013; Marc Andreessen's 2014 New York Times op-ed "Why Bitcoin Matters" was a key factor that prompted him to transition into the Bitcoin industry. At the time, very few institutions and funds were willing to publicly support crypto, and a16z and USV were the two that took on brand risk.Imran believes that the current development of AI infrastructure has benefited considerably from Bitcoin mining infrastructure and talent flowing from crypto to AI. Shifting toward frontier tech such as robotics, biology, AI, energy, and compute means that the talent and capabilities accumulated in the crypto industry over the past decade can be used to build the entire frontier tech sector. Citing data centers as an example, he noted that public and government resistance to data centers is growing, much like earlier resistance to crypto—yet today nearly all traditional financial institutions have embraced crypto to some extent.
Dataline Closes $10.6 Million Seed Round, Backed by Coinbase Ventures and Others
According to The Block, Dataline, a decentralized data network for AI agents, has announced the closing of a $10.6 million seed round, co-led by Lattice and Samsung-backed Dispersion Capital, with participation from Symbolic Capital, Coinbase Ventures, Anagram, and Robinhood CEO Vlad Tenev. The round closed in April and utilized a SAFE with token warrants, though the valuation was not disclosed. Dataline plans to launch its token by the end of the year and conduct a public sale on Base via Uniswap’s Continuous Clearing Auction (CCA) mechanism, with specific details expected to be released next week. The team hopes to make this offering the largest Uniswap CCA on Base, but has not disclosed the total raise amount or the number of tokens being sold.
Over $200 Million: Crypto-Related Organizations Gear Up for the 2026 U.S. Midterm Elections
Odaily reports: Data from Public Citizen shows that crypto-related organizations have donated over $200 million in the current U.S. election cycle, seeking to influence the 2026 U.S. midterm elections and push Congress to pass industry-friendly regulatory rules. One of the industry's current priority goals is to advance comprehensive digital asset market structure legislation after the Clarity Act stalled. Fairshake and its affiliated super PACs are backing 33 House candidates, including 19 Republicans and 14 Democrats; Coinbase and Ripple each donated $25 million to Fairshake's midterm election efforts in 2025. The Ohio Senate race is a key battleground. Fairshake said it has spent $55 million this election cycle to oppose Democratic candidate Sherrod Brown, a longtime critic of the crypto industry; his opponent is crypto-friendly Republican incumbent Senator Jon Husted. Stand With Crypto, an advocacy group launched by Coinbase, has endorsed 45 candidates, including 42 House candidates and 3 Senate candidates. The Clarity Act stalled in the Senate in September, with Democratic lawmakers arguing that the bill is insufficient to prevent senior government officials from profiting from crypto businesses. If the bill cannot move forward by the end of the year, the new Congress will need to restart market structure legislation. Coinbase Vice President Ryan VanGrack said that regardless of who is elected, the industry will still gain more regulatory clarity, but whether legislation can ultimately be completed remains uncertain.
Coinbase applies for Brazilian crypto service license, with existing services expected to remain uninterrupted during the review period.
According to Cointelegraph, Coinbase submitted an application for a crypto asset service provider license to the Central Bank of Brazil on October 28 to meet the local deadline of October 30. Coinbase stated that existing services do not need to be suspended while regulators review the application. Under relevant Brazilian regulations, existing service providers that file applications on time may continue operations during the approval period. Coinbase also plans to expand its foreign exchange and payment businesses in Brazil in the future, but such activities require separate regulatory authorization.
Coinbase applies for crypto services license in Brazil, says existing services need not be suspended
Odaily reports: Cryptocurrency exchange Coinbase has submitted an application to the Central Bank of Brazil for a crypto asset service provider operating license, filing ahead of the country's October 30 application deadline. Coinbase stated that it does not expect to suspend existing services while regulators review the application, and that the filing is intended to meet Brazil's new regulatory requirements and maintain local business operations.Brazil's new rules cover governance, client asset protection, and compliance requirements. Coinbase also reiterated plans to advance its "Everything Exchange" strategy in Brazil, potentially expanding beyond crypto services into foreign exchange and payments in the future, which would require separate regulatory approval. (Cointelegraph)
Coinbase Denies Data Breach, Says Third-Party Vendor Security Incident Affected Some Customer Contact Information
In response to reports about a data breach, Coinbase stated that no data breach occurred at the company itself. The incident actually involved a security event at third-party analytics provider Amplitude, which affected the contact information of some Coinbase customers as well as data of other Amplitude clients.Coinbase said it has found no evidence of any unauthorized access to its internal systems, and customer funds were not affected. The company will notify affected customers and relevant regulators as required by law.
Central Bank of Ireland fines Coinbase Ireland €3.25 million
According to Bitcoin.com News, the Central Bank of Ireland announced on October 22 a fine of €3.252618 million against Coinbase Ireland Limited for violating the client fund protection and outsourcing requirements under Ireland's Electronic Money Regulations 2011. Coinbase acknowledged the violations, with regulators stating the breaches occurred between November 1, 2020, and August 19, 2025, and a settlement was reached on October 21. The case involves Coinbase Ireland's role as an electronic money institution, specifically covering fiat and e-money used by customers to purchase crypto assets, and should not be described as a MiCA custody enforcement action.
California financial regulator opposes SEC crypto plan, warns it could weaken investor protection
Odaily report: The California Department of Financial Protection and Innovation (DFPI) has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing its "Regulation Crypto Assets" proposal, stating that the plan could weaken investor protection and limit state government review of issuance projects. DFPI Commissioner KC Mohseni said California opposes federal regulators undermining state-level regulatory authority and protective measures.The proposal would allow eligible issuers to raise up to $5 million over four years through a startup exemption; another crypto fundraising exemption would allow issuers to raise up to $75 million within 12 months. Relevant issuances would need to disclose project details, risks, and other information necessary for investor assessment, and some fundraisings would also require submission of financial statements and ongoing reporting.Federal securities laws still preserve states' authority to investigate securities fraud, deceptive practices, and illegal broker or dealer activities. Blockchain payments company Ripple, crypto exchange Coinbase, and exchange operator Nasdaq all support adjusting the proposal; the DFPI said its scam tracker list added nearly 200 crypto-related scams, an increase of 30% from the previous year. (Bitcoin.com News)
Low cost of just $3.77, a smart money deposited 100,000 VVV; if sold, estimated profit of $11.786 million
According to on-chain analyst Ai Yi, a smart money address that bought VVV at a cost as low as $3.77 deposited 100,000 VVV to Coinbase 3 hours ago, worth approximately $2.32 million. This address has cumulatively deposited 663,400 VVV to exchanges at an average price of $21.53; if sold, it is expected to profit $11.786 million, representing a return of 471.2%. Since June 2026, this address is suspected to have sold tokens worth $14.28 million.
After holding for over a month, an address appears to have fully liquidated its position, with an estimated loss of $945,000
Odaily Report: According to on-chain analyst Ai Yi's monitoring, a certain address deposited its last 19.01 million ARB tokens to Coinbase over the past 7 hours, seemingly liquidating its entire position. The address had previously withdrawn 24.01 million ARB at an average price of $0.2204, and the average price of this deposit was $0.181. After holding for over a month, the asset value shrank by 17.8%, with an estimated loss of $945,000.
Ethereum staking hits record high of 43.8 million ETH
Bitwise's Q4 staking report shows that Ethereum staking reached 43.8 million ETH, accounting for 35.9% of total supply and hitting an all-time high; net staking inflows in Q3 were 1.99 million ETH, marking six consecutive quarters of net inflows. Solana's active staking increased to 440.5 million SOL. In Q3, Ethereum's average annualized staking yield fell from 2.81% in Q2 to 2.63%, with 96.3% coming from ETH issuance; Solana's gross staking yield dropped from 6.38% to about 6%, with nearly 90% coming from token issuance. The above yields are not net of service provider fees and are not equivalent to the actual yields received by customers.Coinbase stated that staking ETFs and digital asset treasuries are broadening participation channels. Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation, said that after custodians support staking, institutions can participate through existing custody relationships, and the focus of discussions has shifted to implementation issues such as validator decentralization, code audits, and the proportion of fund staking. Since ETH unstaking may take several weeks, while funds typically need to meet redemptions within one to two days, liquidity remains a constraint for institutions. Gilbert estimates that the average staking ratio for related products in Europe is only 50% to 60%; liquid staking tokens can provide an alternative exit channel, but actual sales depend on market liquidity and price. (CoinDesk)
Approximately 550,200 SOL transferred to Coinbase Institutional
According to Whale Alert monitoring, 550,157 SOL were transferred from an unknown wallet to Coinbase Institutional, worth approximately $52.67 million.
1.223 million SOL were transferred via the same deposit address to Coinbase Prime, worth approximately $117 million.
According to on-chain analyst Ember, 1.223 million SOL worth approximately $117 million were deposited into Coinbase Prime about two hours ago via the same deposit address.
1.223 million SOL entered Coinbase Prime through the same deposit address, worth $117 million
according to on-chain analyst Yu Jin's monitoring, 1.223 million SOL (worth $117 million) entered Coinbase Prime through the same deposit address 2 hours ago.
Cantor and Other Wall Street Institutions See Buying Opportunity in Crypto Stock Pullback After Binance Hack
Cantor highlighted Coinbase, Robinhood, and Strategy, expecting share prices to rebound once the panic subsides; TD Cowen believes this incident exposes Binance's own security vulnerabilities, while Compass Point stated that its liquidity is sufficient to cover the losses.
Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
OneKey Founder: IBIT Could Become Target of North Korean Cyberattacks, Coinbase's Single-Custody Model Raises Security Concerns
OneKey founder Yishi issued a warning that as Bitcoin ETF holdings increase, the security risks faced by custodians are also rising, and noted that BlackRock's spot Bitcoin ETF (IBIT) could become a potential target for North Korean hacking groups. The post states that TRM Labs is highly confident the recent Binance security breach is linked to the North Korean hacking group TraderTraitor, which has previously been implicated in the Bybit hack and the DMM Bitcoin theft.
CZ: Four data breach incidents occurred today, and users should strengthen their account security protections
Odaily reports: Binance founder CZ posted on the X platform that four data breach incidents were reported today, involving Coinbase third-party service provider Amplitude, South Korean crypto exchange Bithumb, and South Korean traditional financial institutions Mirae Asset and Daishin Securities. Among them, the Amplitude security incident affected the contact information of some Coinbase users, but user funds were not affected.CZ noted that information such as names, emails, phone numbers, addresses, identity documents, and transaction records leaked from trading platforms may be used for phishing, SIM-swapping, and social engineering attacks.In response, CZ recommends that users set up separate email addresses and strong passwords for different trading platforms, prioritize the use of hardware security keys, Passkeys, or authenticator apps, avoid relying on SMS two-factor authentication, and enable security features such as withdrawal address whitelists and anti-phishing codes. At the same time, users should regularly check account login sessions and API key permissions, and be vigilant against scams impersonating customer service.CZ also reminded users that if a platform suffers a data breach, they should promptly change passwords, revoke unnecessary API keys, check withdrawal records, and be alert to phishing attacks carried out using leaked information. In addition, leaked home addresses and asset holdings information may give rise to real-world extortion or robbery risks, and users should avoid publicly disclosing their personal asset situation.
Coinbase Denies Data Breach, Says Third-Party Vendor Security Incident Affected Some Customer Contact Information
In response to reports about a data breach, Coinbase stated that no data breach occurred at the company itself. The incident actually involved a security event at third-party analytics provider Amplitude, which affected the contact information of some Coinbase customers as well as data of other Amplitude clients.Coinbase said it has found no evidence of any unauthorized access to its internal systems, and customer funds were not affected. The company will notify affected customers and relevant regulators as required by law.
Ethereum staking hits record high of 43.8 million ETH
Bitwise's Q4 staking report shows that Ethereum staking reached 43.8 million ETH, accounting for 35.9% of total supply and hitting an all-time high; net staking inflows in Q3 were 1.99 million ETH, marking six consecutive quarters of net inflows. Solana's active staking increased to 440.5 million SOL. In Q3, Ethereum's average annualized staking yield fell from 2.81% in Q2 to 2.63%, with 96.3% coming from ETH issuance; Solana's gross staking yield dropped from 6.38% to about 6%, with nearly 90% coming from token issuance. The above yields are not net of service provider fees and are not equivalent to the actual yields received by customers.Coinbase stated that staking ETFs and digital asset treasuries are broadening participation channels. Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation, said that after custodians support staking, institutions can participate through existing custody relationships, and the focus of discussions has shifted to implementation issues such as validator decentralization, code audits, and the proportion of fund staking. Since ETH unstaking may take several weeks, while funds typically need to meet redemptions within one to two days, liquidity remains a constraint for institutions. Gilbert estimates that the average staking ratio for related products in Europe is only 50% to 60%; liquid staking tokens can provide an alternative exit channel, but actual sales depend on market liquidity and price. (CoinDesk)
Over $200 Million: Crypto-Related Organizations Gear Up for the 2026 U.S. Midterm Elections
Odaily reports: Data from Public Citizen shows that crypto-related organizations have donated over $200 million in the current U.S. election cycle, seeking to influence the 2026 U.S. midterm elections and push Congress to pass industry-friendly regulatory rules. One of the industry's current priority goals is to advance comprehensive digital asset market structure legislation after the Clarity Act stalled. Fairshake and its affiliated super PACs are backing 33 House candidates, including 19 Republicans and 14 Democrats; Coinbase and Ripple each donated $25 million to Fairshake's midterm election efforts in 2025. The Ohio Senate race is a key battleground. Fairshake said it has spent $55 million this election cycle to oppose Democratic candidate Sherrod Brown, a longtime critic of the crypto industry; his opponent is crypto-friendly Republican incumbent Senator Jon Husted. Stand With Crypto, an advocacy group launched by Coinbase, has endorsed 45 candidates, including 42 House candidates and 3 Senate candidates. The Clarity Act stalled in the Senate in September, with Democratic lawmakers arguing that the bill is insufficient to prevent senior government officials from profiting from crypto businesses. If the bill cannot move forward by the end of the year, the new Congress will need to restart market structure legislation. Coinbase Vice President Ryan VanGrack said that regardless of who is elected, the industry will still gain more regulatory clarity, but whether legislation can ultimately be completed remains uncertain.
After Binance suffered a $6.3 billion theft, multiple exchanges upgrade security measures.
The Financial Times reported that after Binance suffered a $6.3 billion theft, several crypto trading platforms have strengthened their fund security measures. Coinbase has adjusted its cold storage systems, Gemini has added alerts and restrictions for fund transfers, and Kraken stated that the platform is operating normally.
Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
Options feature goes live: Coinbase INTX's USDC options share liquidity with Deribit
Adam, a researcher at Greeks.live, posted on X that Coinbase INTX has launched options trading. Its USDC options share liquidity with Deribit, and the trading interface is close to the style of US stock trading software, so users familiar with the Coinbase interface can transition to it smoothly. The platform is currently still invite-only, some features are not yet fully ready, and its functional completeness is not on par with Deribit.
Ripple Partners with Coinbase to Expand RLUSD Access Channels
RLUSD supports deposits and withdrawals across three chains: XRPL, Base, and Ethereum, while Ripple will provide liquidity on Base. Support for Coinbase Global Exchange customers (including the use of RLUSD as collateral) will follow. Launched in December 2024, RLUSD currently has a market capitalization exceeding $2.4 billion.
Related news
Low cost of just $3.77, a smart money deposited 100,000 VVV; if sold, estimated profit of $11.786 million
According to on-chain analyst Ai Yi, a smart money address that bought VVV at a cost as low as $3.77 deposited 100,000 VVV to Coinbase 3 hours ago, worth approximately $2.32 million. This address has cumulatively deposited 663,400 VVV to exchanges at an average price of $21.53; if sold, it is expected to profit $11.786 million, representing a return of 471.2%. Since June 2026, this address is suspected to have sold tokens worth $14.28 million.
After holding for over a month, an address appears to have fully liquidated its position, with an estimated loss of $945,000
Odaily Report: According to on-chain analyst Ai Yi's monitoring, a certain address deposited its last 19.01 million ARB tokens to Coinbase over the past 7 hours, seemingly liquidating its entire position. The address had previously withdrawn 24.01 million ARB at an average price of $0.2204, and the average price of this deposit was $0.181. After holding for over a month, the asset value shrank by 17.8%, with an estimated loss of $945,000.
Ethereum staking hits record high of 43.8 million ETH
Bitwise's Q4 staking report shows that Ethereum staking reached 43.8 million ETH, accounting for 35.9% of total supply and hitting an all-time high; net staking inflows in Q3 were 1.99 million ETH, marking six consecutive quarters of net inflows. Solana's active staking increased to 440.5 million SOL. In Q3, Ethereum's average annualized staking yield fell from 2.81% in Q2 to 2.63%, with 96.3% coming from ETH issuance; Solana's gross staking yield dropped from 6.38% to about 6%, with nearly 90% coming from token issuance. The above yields are not net of service provider fees and are not equivalent to the actual yields received by customers.Coinbase stated that staking ETFs and digital asset treasuries are broadening participation channels. Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation, said that after custodians support staking, institutions can participate through existing custody relationships, and the focus of discussions has shifted to implementation issues such as validator decentralization, code audits, and the proportion of fund staking. Since ETH unstaking may take several weeks, while funds typically need to meet redemptions within one to two days, liquidity remains a constraint for institutions. Gilbert estimates that the average staking ratio for related products in Europe is only 50% to 60%; liquid staking tokens can provide an alternative exit channel, but actual sales depend on market liquidity and price. (CoinDesk)
Over $200 Million: Crypto-Related Organizations Gear Up for the 2026 U.S. Midterm Elections
Odaily reports: Data from Public Citizen shows that crypto-related organizations have donated over $200 million in the current U.S. election cycle, seeking to influence the 2026 U.S. midterm elections and push Congress to pass industry-friendly regulatory rules. One of the industry's current priority goals is to advance comprehensive digital asset market structure legislation after the Clarity Act stalled. Fairshake and its affiliated super PACs are backing 33 House candidates, including 19 Republicans and 14 Democrats; Coinbase and Ripple each donated $25 million to Fairshake's midterm election efforts in 2025. The Ohio Senate race is a key battleground. Fairshake said it has spent $55 million this election cycle to oppose Democratic candidate Sherrod Brown, a longtime critic of the crypto industry; his opponent is crypto-friendly Republican incumbent Senator Jon Husted. Stand With Crypto, an advocacy group launched by Coinbase, has endorsed 45 candidates, including 42 House candidates and 3 Senate candidates. The Clarity Act stalled in the Senate in September, with Democratic lawmakers arguing that the bill is insufficient to prevent senior government officials from profiting from crypto businesses. If the bill cannot move forward by the end of the year, the new Congress will need to restart market structure legislation. Coinbase Vice President Ryan VanGrack said that regardless of who is elected, the industry will still gain more regulatory clarity, but whether legislation can ultimately be completed remains uncertain.
Approximately 550,200 SOL transferred to Coinbase Institutional
According to Whale Alert monitoring, 550,157 SOL were transferred from an unknown wallet to Coinbase Institutional, worth approximately $52.67 million.
Coinbase midterm election market predicts a 70% probability that Democrats will win control of the Senate.
As shown in the graphic on Coinbase's midterm election dashboard, the predicted probability of Democrats winning control of the U.S. Senate is 70%, while that of Republicans is 30%.