Another AI selloff. And more bitcoin resilience.
Chip stocks fell by double digits over the past two weeks, their second big down move since June.
Both times , BTC has fared far better.
Our takeaway: the market is no longer treating bitcoin as a leveraged proxy for technology stocks.
7 of the 10 largest U.S. banks have piloted or launched stablecoins, tokenized deposits, or both.
And the remaining 3 have announced plans to do so.
The Always-On Dollar, a new report from @coinbase and @TheBlockCo, explores the implications for settlement, liquidity, and financial infrastructure.
Full report below โ
Our new matching engine is crazy fast. 60x faster median order response, 480x faster tail latency.
Give Coinbase Advanced a try! Trade crypto, stocks, commodities, FX, etc. Link below.
Check out the new edition of Charting Crypto from @Coinbase Institutional and @Glassnode for more data and insights on whatโs driving crypto markets โ
https://t.co/DvuKtZT1sD
What are macro and onchain data signaling for BTC in the weeks ahead?
We screened 500+ indicators for clues and found that macro readings skew slightly positive while onchain readings lean more clearly lower.
Our takeaway: Near-term consolidation is more likely than trend reversal.
Last week, we turned Spago into Coinbase HQ for Token2049 to share some big updates with institutions and crypto leaders:
โ Deribit integration complete
โ US & global derivatives in one liquidity pool
โ A new, faster matching engine
A few moments from the event โ
Crypto derivatives markets have traditionally been fragmented by regulation.
We've completed the Deribit integration and worked with regulators to bring it all together.
US and global derivatives. One liquidity pool.
Excited to roll this one out.
Native support for wide variety of tokenized and traditional cash equivalents for collateral and lending in our cross margin model.
Donโt miss the latest edition of Charting Crypto for insights on why this matters, and a look at the most important metrics shaping crypto markets.
Subscribe to Coinbase One to get early access โ
https://t.co/0qkJs6JDgX
ethereum:native rose 71% in Q3. Is it overbought?
While the percentage of supply in profit exited the accumulation zone, it remains well below the warning zone, suggesting that price action isnโt overstretched.
ETH Supply Profitability State shown below.
Part of the newest edition of Charting Crypto from @CoinbaseInsto and @glassnode coming out October 12.
Get more out of your capital.
Cross-Margin lets institutions go long or short across spot & futures, netting risk in one account. 100+ assets as collateral.
10 new cash equivalents now eligible alongside USD and USDC: SGD, CAD, CHF, EUR, AUD, GBP, EURC, OUSD, PYUSD and USDT.
Donโt miss the latest edition of Charting Crypto for insights on why this matters, and a look at the most important metrics shaping crypto markets.
Subscribe to Coinbase One to get early access: https://t.co/0qkJs6JDgX
Optimism is back.
Market sentiment for bitcoin, as measured by NUPL, has swung from Hope to Optimism.
BTC Entity-Adjusted Net Unrealized Profit / Loss (NUPL) shown below.
Part of the newest edition of Charting Crypto from @CoinbaseInsto and @glassnode coming out October 12.
Quant (QNT) and Near Protocol (NEAR) were the top gainers.
$QNT (+375%) rose on major enterprise partnership announcements and renewed institutional interest in its tokenized asset solutions.
$NEAR (+186%) surged on continued AI ecosystem tailwinds and a sharp increase in daily active users.
While all tokens in the COIN50 Index rose over the month, $BTC and $ETH saw some of the smallest gains as risk-on sentiment led traders to higher-beta altcoins.
Gains were led by extremely strong returns in Infrastructure Applications (+103%), as well as DeFi (+49%) and Media & Entertainment (+25%), as investors gravitated toward high-growth ecosystems with strong fundamental traction and accelerating network adoption.
The broad crypto market (as represented by the COIN50 Index) rose 11.24% in September, fueled by cooling inflation data, robust institutional inflows into digital asset funds, and a resurgence in onchain trading volume.
In our monthly COIN50 recap, we review market performance, catalysts, and more โ