Recent market data has shown that Bitcoin has been trading at an extended 
discount on Coinbase. Over the past several months, this negative premium, 
where BTC prices on Coinbase sit below the international average level, has 
remained consistent. Such prolonged discounts have historically coincided with 
periods of market uncertainty or late-stage corrections. How Coinbase Premium 
Remains Negative For Months Bitcoin has been trading at a persistent discount 
on Coinbase for the past 3 months. A full-time crypto trader and investor, 
Daan Crypto Trades, has pointed out on X that this typically reflects large 
ETF outflows and sustained selling pressure from the US-based investors, which 
has put pressure on a discount to appear. Related Reading: Oct. 10 Started The 
Bitcoin Bear Market, On-Chain Data Shows These conditions are not unusual and 
have appeared nearly every market downturn or larger range. Thus, this broader 
market recovery needs the support of ETF inflows and renewed bidding from the 
US investors to surge higher. For this reason, monitoring the Coinbase premium 
and discount is important to know when the price flips around. A stronger 
directional trend combined with steep discounts or premiums often reinforces 
the prevailing market move. A Relief Rally Could Buy The Market Time Until 
October Bitcoin has now broken below its April 2025 low, placing the market at 
an important inflection point. The CEO and founder of ITC_Crypto, Benjamin 
Cowen, noted that if the price fails to bounce soon, this could turn into a 
difficult midterm year. However, if the price can bounce back, it would likely 
provide the market several months of relief, pushing price action to October 
and potentially aligning with a more durable bottoming process. Related 
Reading: Bitcoin’s Lack Of New Capital Leaves It Vulnerable To Continued 
Selling Pressure According to Benjamin, the bearish narrative has been 
dominant for an extended period, which increases the probability of a 
countertrend rally that could temporarily restore confidence among bulls. 
Meanwhile, Benjamin has cautioned against attempting to trade such moves. 
Furthermore, countertrend rallies often occur unexpectedly, not when market 
participants are actively anticipating them. A sweep of prior lows would offer 
short-term relief, even during the bull market. In 2014, 2018, and 2022, when 
BTC broke below the 100-week Simple Moving Average (SMA), the price moved 
straight down to the 200-week SMA before any meaningful relief occurred. From 
a broader perspective, Benjamin emphasized that the optimal time to sell BTC 
was late last year, not during panic-driven sell-offs in a midterm year. His 
focus remains on the larger cycle, suggesting that late Q3 to early Q4 will be 
a more favorable window to move real money back into the market. Until then, 
it is just traders trying to make money during difficult times, attempting to 
trade the support and resistance levels. Featured image from Pngtree, chart 
from Tradingview.com

Bitcoin Shows Extended Coinbase Discount In Recent Market Data — Here’s What This Means

CME Group CEO says the exchange is exploring tokenized cash and a potential 
proprietary coin as it reviews new forms of collateral.
The post CME Group explores launching its own coin as exchange deepens 
tokenization push appeared first on Crypto Briefing.

CME Group explores launching its own coin as exchange deepens tokenization push

Ripple has announced new support for Hyperliquid, one of the fastest‑growing 
decentralized exchanges (DEXs) in the crypto sector, a move that has added 
momentum to the platform’s native token, HYPE, even as the broader market 
remains under pressure. Ripple Expands Prime Brokerage Platform With 
Hyperliquid In a press release issued on Wednesday, Ripple confirmed that 
Ripple Prime, its institutional prime brokerage platform, has integrated 
support for Hyperliquid. Related Reading: Bitwise CIO Warns Market Is Facing A 
‘Full-Bore’ Crypto Winter, Not A Pullback According to Ripple, the integration 
allows institutional clients to tap into on‑chain derivatives liquidity on 
Hyperliquid while cross‑margining their decentralized finance (DeFi) positions 
alongside other assets already supported by Ripple Prime. These include 
digital assets, foreign exchange, fixed income products, over‑the‑counter 
swaps, and cleared derivatives. The structure is designed to give professional 
traders greater capital efficiency while operating across both decentralized 
and traditional markets. Michael Higgins, International CEO of Ripple Prime, 
said the move reflects the company’s broader strategy of bridging DeFi and 
traditional financial infrastructure. He noted that Ripple Prime aims to offer 
direct support for trading, yield generation, and an expanding range of 
digital assets. Higgins added that extending the prime brokerage platform into 
decentralized finance is intended to improve client access to liquidity while 
delivering the efficiency and innovation institutional customers increasingly 
expect. HYPE Surges As XRP Slides The announcement comes at a time when market 
performance has sharply diverged between the largest cryptocurrencies and 
Hyperliquid’s ecosystem. Ripple’s associated cryptocurrency, XRP, has fallen 
roughly 20% over the past week, broadly tracking the downturn across the wider 
crypto market. In contrast, Hyperliquid has surged by about 64% over the past 
two weeks, standing out as one of the strongest performers during a period of 
overall market weakness. That rally has pushed HYPE toward what traders see as 
a critical technical zone. At the time of writing, the token is trading just 
above $34, with the $35 level emerging as an important short‑term support 
area. Related Reading: Bitcoin Price Crashes Below $73,000, Hitting Lowest 
Level Since 2024 Over the past week, Hyperliquid has struggled to hold above 
that threshold on a sustained basis, despite briefly breaking through it on 
Tuesday. During that move, the token climbed as high as $38, marking its 
highest price since November of last year. On the downside, Hyperliquid&#8217;s 
price action suggests that buyers have established a solid base around the $30 
level. Daily chart data shows this area acting as a key support floor, 
repeatedly halting declines and helping to preserve the recent recovery in the 
weekly time frame. Featured image from OpenArt, chart from TradingView.com

Ripple Throws Weight Behind Hyperliquid, Fueling HYPE’s Rally Toward Crucial Levels

The comments came during Bessent&#8217;s Congressional testimony on Wednesday in a 
tense exchange with California Representative Brad Sherman.

US won’t ‘bail out’ Bitcoin, says Treasury Secretary Bessent

Bitcoin price fell to a 15-month low of $72,169, leading one analyst to say a 
revisit of BTC’s realized price near $56,000 may occur in a few months. Do 
charts hint at a rebound rally before the weekend?

Cryptocurrency price in MYR