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Coinbase Integrates Real-world Assets, BlackRock Revises ETF Application

Dec 13, 2023
Market Update Equities are flat as investors wait for the Federal Reserve’s policy decision later today, where they are expected to hold rates steady. While a pause is largely priced in, investors will hone in on Chair Powell’s commentary to anticipate when rate cuts could be expected. According to CME, markets are pricing in a potential rate cut as early as next Spring, something Powell could attempt to push back on. $BTC is recovering some losses after starting the week with a liquidation-driven sell-off, gaining 2.6% to trade back at $42.1k. $ETH is recovering but continuing to underperform, gaining only 1.7% to reach $2.2k. Gaming continues to be one of the stronger sectors, with $BEAM rising 20.1% in the last day. AI decentralized machine learning project Fetch.ai ($FET) is the second largest gainer in the top 100 after $BEAM, gaining 18.9%. Coinbase's new "Project Diamond," developed by Coinbase Asset Management, integrates traditional financial assets with blockchain technology using its Ethereum L2, Base. This platform will allow institutions to issue and trade digital debt instruments in a regulated environment. It combines Coinbase Prime's custody service, a Web3 crypto wallet, Circle's USDC stablecoin, and the Base network. Gaining initial approval from Abu Dhabi

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