Coinbase has launched Ether-backed loans for US users, allowing customers to borrow USDC against their ETH holdings without selling, in a new offering powered by Morpho and running on Base. The exchange said the product is available across most US states, except New York.
Gold prices fell as investors digested the September U.S. jobs report, which showed stronger-than-expected employment figures and dampened prospects for a December rate cut U.S. gold futures for December delivery settled 0.6% down.
Investors pulled roughly $523 million from BlackRock’s flagship iShares Bitcoin Trust, according to data from Farside Investors, marking the fund’s largest single-day withdrawal since its launch. Bitcoin, a bellwether for crypto markets, fell below $90,000 this week, its lowest level in seven months.
The dollar rose against the yen, with the Japanese currency falling to a 10-month low after Finance Minister Satsuki Katayama said Japan’s new government was closely monitoring markets.
The S&P 500 and the Nasdaq advanced following a sharp sell-off earlier in the week, with tech stocks leading the way ahead of Nvidia’s earnings that could prove to be a make-or-break moment for the AI trade.
The dollar held modest gains against the yen after touching a fresh 9.5-month high, and edged up versus the euro as investors worried about Japan’s fiscal stance and awaited U.S. data for signals on the Federal Reserve’s next move.
