DeFi is moving from standalone apps into the backend of exchanges, with Coinbase and Crypto.com leading by embedding Morpho’s lending vaults. This “embedded DeFi” model raises a key question: are exchanges becoming banks, or just UIs? The answer will define DeFi’s role in future banking.

x402 is a new open-source protocol from Coinbase that enables on-chain payments directly over HTTP using the long-unused 402 status code. It allows apps, APIs, and autonomous agents to pay per request without accounts or third-party gateways, aiming to power the machine-payable internet.

Since the SEC's creation of a new crypto task force and shifting regulatory sentiment Coinbase looks to reignite tokenization of its $COIN stock and other securities.

The SEC has agreed to dismiss its lawsuit against Coinbase, marking a major shift in its punitive approach to crypto regulation. The case, filed in June 2023, accused Coinbase of operating as an unregistered exchange.

In a snide exchange with Coinbase CEO Brian Armstrong, Sun called out the exchange for not listing TRX. Coinbase has previously questioned Sun's transparency and history of evasive behavior.

Analytics suggest that sophisticated market makers on Aerodrome DEX are behind the high trading volumes on Base.

What lies beneath the alliance of the two crypto behemoths?

Coinbase’s possible blocking of accounts due to VPN usage raised discontent among the community. As always, the PR team promptly handled the mini-crisis.