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Coinbase reopens its app in India after two years of interruption

Coinbase has continued to welcome new users in India after more than two years, marking a return to a market where previous regulatory barriers had forced this U.S. exchange to scale back operations in April 2022.

Coinbase APAC Director, John O'Loghlen, stated at the India Blockchain Week that currently, Indian customers can only conduct crypto-to-crypto transactions. A complete fiat payment system is expected to be implemented by 2026

Western Union is developing a type of prepaid card using stablecoin, aimed at helping people in countries with high inflation protect the purchasing power of their money. For example, if a relative sends 500 USD, but a month later it is only worth the equivalent of 300 USD because the local currency has depreciated too quickly, stablecoin will help avoid this situation.

The company also plans to issue its own stablecoin and leverage a network of 200 countries to bring this coin into practical use. Western Union's stablecoin system will run on Solana, with the USDPT expected to launch in 2026, along with a network to support deposits/withdrawals (Digital Asset Network).

Western Union is developing a type of prepaid card using stablecoin, aimed at helping people in countries with high inflation protect the purchasing power of their money. For example, if a relative sends 500 USD, but a month later it is only worth the equivalent of 300 USD because the local currency has depreciated too quickly, stablecoin will help avoid this situation.

The company also plans to issue its own stablecoin and leverage a network of 200 countries to bring this coin into practical use. Western Union's stablecoin system will run on Solana, with the USDPT expected to launch in 2026, along with a network to support deposits/withdrawals (Digital Asset Network).

Vitalik Buterin wants to create a gas futures market right on Ethereum, allowing users and applications to lock in gas prices in the future, avoiding the situation where transaction fees are sometimes cheap and sometimes very expensive.

The idea works as follows: people can buy and sell gas contracts through a smart contract. The contract specifies the amount of gas and the time of use in the future. As a result, those who need to use Ethereum a lot can "pre-order" the price, without worrying about gas increasing.

This mechanism does not make gas cheaper, but helps:
- Dapps calculate costs more stably
- Users avoid fee shocks
- Businesses can confidently deploy services
- DeFi has a new product to trade

Vitalik believes this is very necessary, because even though gas is currently cheap, no one knows whether gas will spike in 1-2 years. The gas futures market will allow everyone to predict and hedge against this volatility.

The amount of ETH on exchanges is only 8.7%, the lowest level since 2015. This indicates that ETH is being withdrawn from exchanges strongly, creating a risk of supply shortage.

From July until now, the amount of ETH on exchanges has decreased by 43%, coinciding with the time when large organizations started buying in.

Quick comparison:
ETH on exchanges: 8.7%
BTC on exchanges: 14.7%

The amount of ETH is flowing into "non-selling" places such as:
- Staking and restaking
- Layer-2
- Organizations buying for storage (DAT)
- Cold wallets
- Collateral assets in DeFi

- PCE inflation for September 🇺🇸: 2.8% | Expected: 2.8% | Previous: 2.7%

- CORE PCE inflation for September 🇺🇸: 2.8% | Expected: 2.9% | Previous: 2.9%

Base (Coinbase's Layer-2) and Solana have just been connected through Chainlink's CCIP technology. This bridge allows the two networks to easily transfer assets back and forth, opening up large liquidity and a smoother multi-chain experience.

The bridge has been operational on the mainnet, and many apps like Zora, Aerodrome, Virtuals… have started integrating.

This is a significant advancement because Solana is not EVM-compatible, making it very difficult for the two ecosystems to interact in the past. Thanks to Chainlink CCIP, two previously completely separate ecosystems can now interact with each other.

A new report from FINRA shows that U.S. investors are becoming more cautious and are less likely to view crypto as an investment opportunity than before.

The percentage of people owning crypto remains at 27% during the period from 2021 to 2024. However, the number of people wanting to buy more or planning to buy for the first time has decreased from 33% to 26%. This reflects an increasing risk-averse sentiment.

FINRA notes:
The percentage of people accepting a high level of risk has decreased to 8%.
The group under 35 years old has seen the largest decrease, from 24% to 15%.

The main reasons are economic instability, including interest rates, inflation, and market outlook, prompting investors to shift to safer assets. U.S. investors are trending towards being more cautious and taking fewer risks compared to the boom period of 2021.

Mr. Tom Lee again said that we have seen the bottom and the 4-year cycle has been broken...

ETF Cash Flow (4/12🇺🇸 - 512🇻🇳)
🔴 BTC - 194.6 million USD
🔴 ETH - 41.5 million USD
🟢 SOL + 4.2 million USD

Michael Burry (Big Short) says that Bitcoin at 100,000 USD is "ridiculous" and he believes that BTC has no value at all.

He compares Bitcoin to the modern-day tulip bubble and even worse because, according to him, BTC helps to conceal many criminal activities. When asked if he thinks that stocks are inflated, AI is a bubble, and Bitcoin is worthless, where he is investing, Michael Burry stated that he has held gold since 2005.

PS. Michael Burry has been bearish on the stock market for over 10 years and bearish on BTC for the past 4 years, and based on the information he shared previously, he only started investing in gold last year.

Tom Lee at Binance Blockchain Week said:
- No more four-year cycle for BTC.
- S&P 500 will rise next year.
- BTC could reach 300K USD and Ether could reach 20K USD next year.

The CEO of BlackRock stated that some sovereign wealth funds are quietly buying their Bitcoin ETFs in stages at price levels of 120K, 100K, and even 80K. He mentioned that they are building a long-term position and emphasized that Bitcoin should be held for many years rather than for short-term trading.

🇺🇸 CFTC APPROVES SPOT CRYPTO TRADING ON US EXCHANGES FOR THE FIRST TIME

🔸 For the first time in history, federally regulated exchanges in the US will be allowed to offer spot crypto trading.

🔸 Previously, users could only trade spot on foreign exchanges or private exchanges like Coinbase, which carried higher risks.

🔸 Now, major exchanges regulated by the CFTC, such as CME, can list spot BTC, spot ETH, and many other crypto assets.

🔸 This is part of the Trump administration's plan to make the US a global crypto hub.

🔸 The new regulations help make crypto trading safer, more transparent, and attract more institutional investors.

🔸 Crypto is now treated like major commodities such as gold, oil, and natural gas.

LAMBORGHINI JOINS BLOCKCHAIN GAMING WITH FAST FORWORLD

🔸 Lamborghini partners with Animoca Brands to launch Fast ForWorld where fans can use Lamborghini cars in blockchain games.

🔸 Players can buy, sell, and drive digital Lamborghinis in various games within the Motorverse.

🔸 Fast ForWorld is Lamborghini's new Web3 hub with a 3D wallet that allows users to store and interact visually with digital items.

🔸 To access the platform, users need to own a digital Lamborghini Revuelto along with a Genesis Capsule that provides many special benefits.

🔸 The platform launched on November 7 and will roll out globally this month.

ETF Cash Flow (3/12🇺🇸 - 4/12🇻🇳)
🔴 BTC - 14.9 million USD
🟢 ETH + 140.2 million USD
🔴 SOL - 32.9 million USD

Binance has just appointed Yi He, co-founder and the person behind the exchange's development strategy, to the position of co-CEO (Co-CEO) alongside current CEO Richard Teng.

The combination of Teng (management, legal experience) and Yi He (strategy, product) will help Binance become more stable after legal issues and the transition period following CZ's departure. The goal of the new leadership is to build Binance into the safest and best-managed crypto exchange. Promoting Web3, aiming for 1 billion users.

Representative Steil urges regulators on stablecoin legislation ahead of the July 2026 deadline

The legislation guiding and establishing innovation for the United States stablecoin GENIUS has been enacted into law this summer. Next, agencies need to draft regulations to implement the new law.

Steil emphasized: "It is essential that regulations are issued on time to ensure clarity for the market."

ETF Cash Flow (2/12🇺🇸 - 3/12🇻🇳)

🟢 BTC + 58.5 million USD
🔴 ETH - 9.9 million USD
🟢 SOL + 45.7 million USD

FED ENDS TIGHTENING AND SUPPORTS LIQUIDITY RETURN FOR BANKS THROUGH REPO

🔸 FED has injected $13.5 billion into banks through repo operations, marking the second-largest liquidity support in one day since COVID. The goal is to reduce short-term capital demand pressure in the banking system.

🔸 Repo operations occur when the FED lends money to banks for very short periods, usually overnight, using government bonds as collateral. Banks commit to repurchase these assets later at a higher price. This is not money printing as many think because the money will return to the FED, but it indicates that liquidity in the system is still tight.