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Hedge fund Point72 purchased 390,666 shares of Strategy stock.
Point72 Asset Management, the hedge fund owned by billionaire Steve Cohen, has purchased 390,666 shares (approximately $65 million) of Bitcoin treasury Strategy ($MSTR) stock.
Coinbase advances its "all-in-one exchange" strategy, expanding its business to include stocks, prediction markets, Solana DEX, and more.
According to market sources, Coinbase is aggressively expanding its business beyond cryptocurrency trading, launching a series of new products with the ambition of becoming an "all-in-one exchange" that integrates multiple asset classes onto a single platform.
The newly launched products, encompassing stock trading, prediction markets, decentralized trading of the Solana token, derivatives, custom-branded stablecoins, and payment infrastructure, represent one of Coinbase's most aggressive product expansion initiatives in its 13-year history. Coinbase is launching stock trading functionality to US users through Coinbase Capital Markets, with thousands more stocks to be added in the coming months. Furthermore, Coinbase is preparing for stock-linked perpetual futures, allowing users outside the US to have continuous and efficient access to US stocks, with plans to expand access to stock perpetual futures early next year.
While tokenized stocks are not yet available, Coinbase plans to launch an institutional platform called Coinbase Tokenize, with more details expected in 2026. Coinbase has partnered with prediction market Kalshi to launch event-based contract trading, and plans to add more partner platforms in the future. Coinbase has expanded its in-app DEX trading to include Solana-based tokens, directly integrating Jupiter, Solana's largest DEX aggregator, into the Coinbase interface.
Coinbase stated that millions of assets on Solana and its own Base network are now accessible by default, and plans to expand DEX integration to more networks in the future. Coinbase also launched a custom stablecoin, allowing companies to issue branded stablecoins backed by flexible collateral (including USDC), which will be backed by USDC and other dollar stablecoins at a flexible 1:1 ratio, rather than fiat currency.
Coinbase has also applied for a National Trust Company license from the Office of the Comptroller of the Currency, and the application is currently under review. Coinbase is also expanding its developer platform with APIs covering custody, payments, trading, and stablecoins. Meanwhile, Coinbase emphasizes its open payment standard x402 and is working with partners such as Cloudflare to develop the x402 Foundation to further advance the standard.
In derivatives, Coinbase has launched a simplified futures and perpetual futures trading experience within its main app, expanding access to derivatives. Coinbase has also launched Coinbase Advisor, an AI-powered financial assistant directly embedded in the app, allowing users to ask questions, build portfolios, and receive personalized recommendations. Early adopters are gradually gaining access to the beta version.
In addition, Coinbase announced that its on-chain "all-in-one" application, Base, has launched in more than 140 countries. Coinbase is also expanding its enterprise-facing financial services, with Coinbase Business now fully available to eligible businesses in the US and Singapore, providing a crypto-native alternative to traditional corporate banking and payment infrastructure.
This product allows startups and small businesses to send and receive funds globally, manage crypto assets, earn USDC balance rewards, and automate financial workflows. Coinbase states that businesses will soon have access to the same extended trading functionality launched on its retail platform.
The Federal Reserve has officially lifted its 2023 restrictions on banks' cooperation with Bitcoin.
According to The Bitcoin Historian, the Federal Reserve has officially rescinded a policy introduced in 2023 that previously restricted banks' involvement in Bitcoin-related businesses.
[Federal Reserve Governor Waller: Stablecoins will increase demand for the dollar]
Federal Reserve Governor Waller: Stablecoins will increase demand for the dollar.
Michael Saylor's social media post of a photo with Morgan Stanley executives hints at a possible collaboration.
Strategy founder and executive chairman Michael Saylor posted a photo on the X platform with executives from financial giant Morgan Stanley, along with the caption "Guess the ₿ank," potentially hinting at a collaboration between Strategy and Morgan Stanley.
The probability of the Federal Reserve keeping interest rates unchanged in January is 75.6%.
According to Jinshi News, CME's "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 24.4%, and the probability of keeping interest rates unchanged is 75.6%. By March next year, the probability of a cumulative rate cut of 25 basis points is 44.4%, the probability of keeping interest rates unchanged is 46%, and the probability of a cumulative rate cut of 50 basis points is 9.5%.
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