Crypto Morning Brief: Coinbase launches stock trading and prediction market services, Binance exploring relaunch of Binance.US
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Crypto Morning Brief: Coinbase launches stock trading and prediction market services, Binance exploring relaunch of Binance.US
Tether launches peer-to-peer password manager PearPass.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
BTC drops below $86,000 this morning, ETH falls below $2,800
HTX market data shows BTC dropped below $86,000 this morning, currently at $86,132; ETH fell below $2,800, now at $2,831.
Waller: Labor market suggests Fed should continue rate cuts
According to Jin10, Federal Reserve Governor Waller stated that while inflation remains above target, it is expected to decline over the coming months, and inflation expectations are well anchored. The current labor market is very weak, with subpar job growth, indicating the Fed should continue cutting rates.
Waller also noted that 2026 could become a year of better economic performance.
Coinbase launches stock trading and prediction market services
As reported by CoinDesk, U.S.-listed cryptocurrency exchange Coinbase announced a major expansion of its platform offerings during its December 18 System Update event, introducing new services including stock trading, prediction markets, novel cryptocurrencies, and perpetual futures, aiming to solidify its positioning as an "all-in-one exchange."
Coinbase will first launch trading for hundreds of stocks selected by market capitalization and trading volume, with plans to add thousands more stocks and ETFs in the coming months. Users will enjoy zero-commission trading available 24 hours a day, five days a week,不受 traditional market hour restrictions. Additionally, Coinbase has partnered with Kalshi, an $11 billion prediction market provider, enabling users to trade outcomes of real-world events such as elections, sports, collectibles, and economic indicators.
Simultaneously, Coinbase introduced AI-powered wealth management tool Coinbase Advisor and Coinbase Business service for startups, further expanding its business scope. Company executives said these new features will be supported via the Coinbase Tokenize platform, an end-to-end institutional-grade platform designed for tokenizing real-world assets.
Bloomberg: Binance exploring revival of Binance.US
According to Bloomberg, Binance founder CZ is reasserting his influence in the crypto industry. As U.S. President Trump adopts a friendlier stance toward crypto assets, CZ has been publicly endorsing related policies and sending positive signals about the U.S. market.
Insiders say Binance has been exploring options to revive Binance.US, including potential recapitalization, though this would reduce CZ's controlling stake. The sources added that if Binance acquires part or all of CZ’s shares, it could appoint new leadership, implement growth-oriented strategies, and leverage its political connections in Washington.
Another insider revealed that Binance has been seeking closer cooperation with BlackRock Group, the world's largest asset manager.
Tether launches peer-to-peer password manager PearPass
Officially announced, stablecoin giant Tether has launched PearPass, a peer-to-peer (P2P) password manager designed to eliminate the risk of user encryption data being leaked through cloud storage.
Tether stated that existing password managers commonly rely on cloud storage, exposing sensitive user data if cloud services are compromised. PearPass uses a decentralized peer-to-peer architecture, avoiding cloud storage of passwords to enhance security and privacy. The official statement said the product will initially support major browsers, with plans to expand to mobile and other platforms. This move reflects the crypto industry’s ongoing focus on innovation in user security tools.
SBI Ripple Asia to launch yield-bearing product based on XRP
As reported by CoinDesk, Ripple's Asian venture SBI Ripple Asia has signed a memorandum of understanding with Doppler Finance to launch an XRP-based yield-bearing product and explore real-world asset tokenization on the XRP Ledger. SBI Digital Markets, regulated by the Monetary Authority of Singapore, has been designated as the institutional custodian for the product, providing segregated custody services for client assets.
Hyper Foundation proposes permanent burning of HYPE tokens in Assistance Fund
Hyper Foundation has formally proposed validator voting to confirm that HYPE tokens held in the Assistance Fund are considered permanently burned, removing them forever from both circulation and total supply. The Assistance Fund, part of L1 execution, automatically converts transaction fees into HYPE via system address 0xfefefefefefefefefefefefefefefefefefefefe. This address, similar to a zero address, has never had a private key, making funds unrecoverable without a hard fork.
A "Yes" vote means validators agree to treat the HYPE in the Assistance Fund as burned and commit to never approving any protocol upgrade that could access the address. Voting will take place on the governance forum before December 21, 04:00 UTC, and users can stake in support of their preferred validators until December 24, 04:00 UTC. The final outcome will be determined by staked-weighted consensus at that time.
Binance Wallet launches Web3 Loan on-chain lending feature
According to an official announcement, Binance Wallet has launched a new Web3 Loan on-chain lending function, allowing users to directly use existing assets as collateral to borrow crypto assets within the wallet, enhancing the on-chain lending experience. The feature leverages Venus Protocol on BNB Chain for multi-asset collateral and borrowing, currently supporting collateral including BTCB, ETH, USDT, USDC, FDUSD, and WETH, with loans available in USDT, USDC, and BNB. Binance Wallet said it will launch exclusive Venus reward campaigns tied to this lending function, where users borrowing eligible assets can share in $400,000 worth of rewards and enjoy preferential interest rates, aiming to boost liquidity and earning potential for on-chain finance and lending services within the wallet.
He Yi: Offering rewards for evidence on fraudulent "listing agent" activities
Binance Co-CEO He Yi posted online, offering rewards for criminal evidence related to fraudulent "listing agent" actors.
Norway's sovereign wealth fund supports all management proposals at Metaplanet shareholders' meeting
According to Bitcoin Magazine citing automated summaries from Bloomberg Automation, Norges Bank Investment Management (NBIM), managing Norway's sovereign wealth fund, has expressed support for multiple management proposals from bitcoin treasury firm Metaplanet and will exercise voting rights at the December 22 shareholders' meeting. Data shows NBIM held approximately 0.3% of Metaplanet shares as of June 30, 2025. Norway's sovereign fund’s series of moves to increase bitcoin exposure through public market allocations reflect long-term sovereign capital’s endorsement of such companies’ strategic directions.
Insider: Crypto VC Shima Capital quietly winding down operations
According to insider Kate Irwin, crypto venture capital firm Shima Capital is quietly shutting down operations. Three weeks ago, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm and its founder Yida Gao, accusing them of participating in a "fraud scheme" to deceive investors. An email sent to portfolio company founders indicates Gao is stepping down and closing the fund, stating: "I deeply regret my wrong decisions and apologize for letting everyone down."
Founded in 2021 with $200 million in funding, Shima Capital previously invested in multiple crypto projects including Berachain, Monad, and Pudgy Penguins. The SEC alleges Gao exaggerated investment returns in promotional materials, claiming a 90x return on one investment when the actual return was only 2.8x. Additionally, Fortune magazine reported that Gao transferred investment funds to offshore entities fully owned by himself without disclosing this to investors.
The day after the SEC filed suit, Gao agreed to pay approximately $4 million in settlement.
Mining firm Hut 8 signs $7 billion data center lease agreement
Bitcoin miner Hut 8 announced on X that it has signed a 15-year, $7 billion data center lease agreement with Fluidstack, leasing a 245-megawatt facility at the River Bend campus. Fluidstack may add up to 1,000 megawatts more capacity during future expansions of the campus, with specific terms dependent on installed capacity.
Market Movements
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