Coinbase launches pre-IPO perps

June 3, Coinbase launched pre-IPO perpetual futures on SpaceX via its International Exchange, using a valuation-based index. Contracts are USDC-settled with 5x leverage.

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$SOL Persistent Downtrend Signals Further Downside Pressure

Trade Setup: Short

Entry Zone: 65.00 – 66.20

TP1: 63.00

TP2: 60.00

TP3: 57.00

SL: 68.50

Price remains well below the 200 EMA (77.05) and continues to print lower highs and lower lows. The recent breakdown to fresh local lows confirms strong seller control, while rebound attempts have been weak and short-lived. Unless SOL reclaims key resistance levels, momentum remains tilted toward additional downside

#Coinbase launches pre-IPO perps #CLARITY Act faces August timeline #Polymarket resolves Strategy BTC sale dispute

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$ETH Breakdown Below Major Support Signals Continued Weakness

Trade Setup: Short

Entry Zone: 1,640 – 1,670

TP1: 1,600

TP2: 1,540

TP3: 1,480

SL: 1,720

Price remains firmly below the 200 EMA (1,921) and continues to establish lower highs and lower lows. The sharp breakdown through the 1,700 support area confirms strong seller control, while recent attempts to stabilize have shown little buying conviction. Unless ETH reclaims key resistance levels, momentum favors further downside toward lower support zones.

#Coinbase launches pre-IPO perps #CLARITY Act faces August timeline #Polymarket resolves Strategy BTC sale dispute

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$BTC Strong Downtrend Signals Continued Seller Dominance

Trade Setup: Short

Entry Zone: 61,600 – 62,200

TP1: 60,500

TP2: 59,000

TP3: 57,500

SL: 63,500

Price remains firmly below the 200 EMA (69,410) and continues to print lower highs and lower lows. Recent consolidation failed to produce a meaningful recovery, with sellers quickly regaining control and pushing price toward fresh local lows. Until BTC reclaims key resistance levels, momentum remains tilted toward further downside

#Coinbase launches pre-IPO perps #CLARITY Act faces August timeline #Polymarket resolves Strategy BTC sale dispute

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Zcash (ZEC) – June 2026 Analysis

ZEC remains one of the strongest-performing privacy coins in 2026. Recent momentum has been driven by growing interest in financial privacy, ETF-related developments, and increasing institutional attention. Several reports note that ZEC has significantly outperformed many major cryptocurrencies over the past year. �

CoinMarketCap +2

📈 Bullish: Strong privacy narrative, rising adoption of shielded transactions, and positive sentiment around potential ETF products. �

CoinMarketCap +2

⚠️ Risk: After a major rally, ZEC could see volatility and profit-taking. Technical resistance zones remain important for bulls to reclaim. �

Phemex +1

Short take: ZEC is one of the leading beneficiaries of the 2026 “privacy trade.” As long as privacy-focused crypto demand stays strong, the trend remains bullish, but expect sharp swings due to its rapid price appreciation. �

kucoin.com +1

$ZEC

#Coinbase launches pre-IPO perps #CLARITY Act faces August timeline #Polymarket resolves Strategy BTC sale dispute #Zcash Orchard Pool vulnerability


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⚡ COINBASE & BETTER MORTGAGE REAL ESTATE FINANCE :: Coinbase and Better have successfully funded the first-ever Fannie Mae-insured home mortgage backed by Bitcoin, allowing homebuyers to use their BTC as collateral without having to liquidate their holdings. #BitcoinMortgage #CryptoHousing #FannieMae $BTC

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CME CEO Terry Duffy says he is “very concerned” about the rise of perpetual futures, arguing aren’t useful for institutions while giving retail traders access to excessive leverage. The comments come as perps gain regulatory approval and expand further into the U.S. market. Source: Bloomberg

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Coinbase Ventures made its first investment in the Ethena protocol (ENA) and purchased ENA tokens on the open market. Coinbase will partner with Ethena to launch a new on-chain savings product next week targeting over 100 million users. Through this integration, Ethena’s yield-bearing USDe (sUSDe) token will be made available to users via the Coinbase ecosystem and the Base network. Coinbase serves as Ethena’s primary custodian, wallet provider, and perpetuals trading platform. This collaboration has the potential to significantly accelerate Ethena’s adoption by bringing its USDe products to mainstream users. Following the announcement, the ENA token rose nearly 20% in the short term.

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🚨 Coinbase Launches Pre-IPO Perpetuals Starting With SpaceX Coinbase is expanding its derivatives offering with the launch of Pre-IPO perpetual contracts. The first market will be tied to SpaceX, giving traders exposure to one of the world's most valuable private companies before a potential public listing—without owning actual shares. Key highlights: • First listing: SpaceX (SPCX-PERP) • Exposure to private-company valuations before IPO • No ownership of underlying shares required • 24/7 perpetual futures-style trading • Further convergence of crypto and traditional finance markets The launch highlights the growing demand for tokenized and synthetic exposure to real-world assets. Coinbase continues to advance its vision of an "Everything Exchange," where crypto, equities, and other financial instruments can coexist on a single trading platform. #Coinbase #SpaceX #Crypto #Perpetuals #IPO #Trading #Blockchain #ElonMusk

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Here's a simplified summary: BREAKING: CNBC reports that the U.S. has officially approved Bitcoin futures for the first time. “BTC is now tradable in all major financial instruments of traditional markets.” → BTC is taking over Wall Street! This development hasn’t yet been priced in (video included—direct clip from CNBC’s report). **Video content (CNBC report):** The CFTC (U.S. Commodity Futures Trading Commission) has for the first time regulated and approved Bitcoin “perpetual futures” on the Kalshi exchange. What are perpetual futures? - Futures contracts with no expiration date - Enable very high leverage - The most dominant trading instrument in the global crypto derivatives market Previously, U.S. investors had no choice but to use unregulated offshore exchanges—until now, when regulated perps are available domestically for the first time. CNBC’s closing line (quoted in the post): “Investors can now access crypto assets through nearly all major financial instruments used in traditional markets—spot, ETFs, options, futures, and now regulated perpetuals.” **Important note (based on replies):** This is NOT the same as regular Bitcoin futures (launched on CME in 2017) or Futures ETFs (launched in 2021). This is NEW: the first-ever regulatory approval of perpetual futures (perps) in the U.S. Some replies mistakenly call it old news—but the key point is the regulatory clearance of perps. In short: A Bitcoin historian is sharing this positive development—Bitcoin’s deeper integration into traditional finance—as BREAKING news.