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#Coinbase

Base Rolls Out Cobalt Upgrade, Adds Conditional Transactions and New B20 Asset Features
Base has completed an upgrade dubbed Cobalt, introducing conditional transaction mechanics and new features for assets issued under the B20 standard. Details and use cases are still pending further clarification from the team.

Coinbase Secures CFTC Clearing License, Bringing All Three Derivatives Functions In-House
Coinbase has obtained Derivatives Clearing Organization (DCO) status from the CFTC, allowing it to list, broker, and clear fully collateralized derivatives on its own—filling in the last missing piece of the puzzle.

Citi Expands Coinbase Partnership to Bridge Fiat and Stablecoin Payment Infrastructure for Enterprises
Citi has announced an expanded partnership with Coinbase, aiming to provide enterprise clients with infrastructure that connects traditional fiat payments with stablecoins, further integrating the two payment rails.

Coinbase Opens IPO Allocation to US Users, Oura First in Line
Coinbase is rolling out IPO subscription access to US users, with Oura as the first case—marking the platform's formal step into the primary market following its earlier launch of pre-IPO derivatives.

Three Platforms, One Ban: Underdog First to Sue Connecticut
After Connecticut issued cease-and-desist orders to Underdog, Polymarket, and Coinbase, Underdog chose to fight back in court, becoming the first of the three to take legal action.

Coinbase-Backed Router Protocol Shuts Down, Burns 303 Million ROUTE Tokens
The Coinbase-backed cross-chain protocol has opted to burn 303 million ROUTE tokens outright, putting an end to the project after attempts at commercialization, licensing, and finding a buyer all fell through.

Same surname but not relative: Anthony Armstrong, former chief financial officer of xAI, joins Coinbase board of directors
Anthony Armstrong, who has served as chief financial officer of xAI, X.AI Corp. and X Corp., has joined the Coinbase board of directors. He has the same surname as Coinbase CEO Brian Armstrong but is not related.

Coinbase applied to the SEC to list stock perpetual contracts, aiming to provide round-the-clock trading
Coinbase, the largest cryptocurrency exchange in the United States, seeks approval from the U.S. Securities and Exchange Commission (SEC) to list stock-based perpetual contract products that can be traded 24 hours a day.

Bitwise Launches Automated Tokenized Stock Portfolios, Zeroing In on Mag 7 and AI Themes
Bitwise has rolled out automated investment portfolios via the Glider platform, packaging themes like the Mag 7, artificial intelligence, and robotics into tokenized stocks, with underlying trading infrastructure provided by Coinbase.

Baltimore Sues Kalshi, Polymarket — And Drags Coinbase, Robinhood Into It Too
Baltimore Mayor Brandon Scott and the City Council have filed suit against prediction markets Kalshi and Polymarket, naming trading platforms Coinbase, Robinhood, and Webull as well, alleging illegal sports betting.

Simulated Profit Screens Spark Backlash: NYC Council Sends Letters Demanding Polymarket, Kalshi Answer 60+ Marketing Questions
The New York City Council has sent investigative letters to four prediction market platforms—Polymarket, Kalshi, Coinbase, and Gemini—over advertising practices, risks of exposure to minors, and consumer protection, focusing on whether simulated trading videos mislead users.

SEC Delays Tokenized Exchange Exemption Again, Bullish and Coinbase Slide in Tandem
The SEC abruptly canceled a meeting on crypto asset issuance rules and pushed back its long-awaited "innovation exemption," sending Bullish tumbling 8% and Uniswap's UNI leading declines on the CoinDesk 20 Index, even as bitcoin and U.S. stock indexes stayed nearly flat on the same day.