The sudden drop in the US stock market without warning was triggered by high leverage ETFs, AI uncertainty, and cryptocurrency liquidation

Coinbase plans to relaunch Coinbase Pro by the end of the year, supporting spot, futures, perpetual contracts, options, and stock trading, and has completed integration with Deribit to create the Coinbase Global exchange. Qualified US foreign traders will be granted option trading privileges in the coming weeks, while US retail traders are expected to be granted privileges later this year. US institutional clients can trade Deribit options and perpetual futures through Coinbase Prime, and use custody, financing, and staking services on the same platform.

The IRS in the United States has released an income program for 2026-20, clarifying that eligible investment trusts and grantor trusts participating in PoS staking will not lose tax benefits. The IRS recognizes compliant pledge as a property preservation activity, and trusts must comply with 14 detailed rules, including shares being listed on national exchanges, holding only a single digital asset, assets being held by qualified custodians, liquidity policies being approved by the SEC, and pledge rewards not being hoarded. This guideline applies to tax years ending on or after November 10, 2025. (Source: CryptoBriefing)

[Coinbase Plans to Relaunch Coinbase Pro by Year-End and Introduce Coinbase Global Exchange] Coinbase plans to relaunch Coinbase Pro by the end of the year, integrate Deribit, and introduce Coinbase Global Exchange to provide compliant derivatives trading. Coinbase Financial Markets will connect the U.S. and global crypto derivatives markets, enabling qualified U.S. institutional clients to trade options and perpetual contracts. Qualified traders outside the U.S. will gain access to options trading in the coming weeks, while U.S. retail traders are expected to be granted access later this year. Coinbase Pro will support spot, futures, perpetual contracts, options, and stock trading, and will introduce a spot margin trading feature with leverage of up to 10x. (Source: The Block)

BitMine Chairman Tom Lee stated at TOKEN2049 in Singapore that the cryptocurrency market has entered a comprehensive bull market, with August of this year being the starting point of this bull market. The bottom of the four-year cycle has already appeared, and this cycle may become the largest cryptocurrency bull market in history. Tom Lee pointed out that the four driving forces of this bull market are institutional driven asset tokenization, intergenerational wealth transfer, absorption of cryptocurrency supply by digital asset treasury companies (DAT), and the development of AI and Crypto integration scenarios such as AI agent payments.

[Binance Spot to Launch Tokenized Stock Trading Pairs JPMB, LLYB, etc. on October 7, 2026] Binance Spot and Convert trading platform will launch bStocks tokenized stock trading pairs at 20:00 (UTC+8) on October 7, 2026, including JPMorgan Chase (JPMB/USDT), Eli Lilly (LLYB/USDT), Securitize Corp (SECZB/USDT), and StablecoinX Inc (USDEB/USDT). Simultaneously, the spot algorithmic trading bot will be activated, and the smart portfolio bot will be enabled within 24 hours after the launch.