Coinbase Bitcoin Premium Remains Negative for Record 75 Consecutive Days
For a record 75 consecutive days, Coinbase's Bitcoin premium has remained negative. This is according to MEXC's On-Chain Daily Report, which also highlights other significant developments in the crypto and financial sectors.
The report notes that supporters of CLARITY have contacted Congress over 1 million times, while the CFTC proposes stronger conflict-of-interest oversight for affiliates. The PBOC has advanced cross-border digital yuan infrastructure, and crypto card spending reached an all-time high in July with $2.3 billion spent on such transactions.
U.S.-listed ETF issuance has reached a record high, with approximately 390 new funds launched over the past two months. Around 54% of these ETFs employ derivatives strategies, while more than one-third are leveraged or inverse products. The trend is expected to continue, with issuers filing applications for over 1,000 leveraged ETFs so far this year.
DeFi Kingdoms' DFK Chain will cease operations on August 28, but the team is prioritizing the secure migration of player assets to Avalanche C-Chain. Minicoin has launched its IP RWA Network on Creditcoin and secured IPX authorization, making its native token eligible for a public sale.