Coinbase to debut prediction markets, tokenized stocks on Dec. 17: Report

Cointelegraph

Coinbase, the largest US crypto exchange by trading volume, is days away from officially unveiling its push into prediction markets and tokenized stocks, according to Bloomberg.

Coinbase plans to announce that next week it will launch prediction markets and tokenized equities, Bloomberg reported on Thursday, citing anonymous sources familiar with the matter.

The exchange will hold a Dec. 17 livestream to showcase new products, though the report says it hasn’t disclosed whether prediction markets and tokenized stocks will be among them.

The news comes nearly a month after tech researcher Jane Manchun Wong reported that Coinbase was preparing landing pages for tokenized equities and Kalshi-provided prediction markets. However, the company has yet to officially release the products.

Coinbase enters a prediction market coalition with Kalshi

Bloomberg’s report came on the same day Coinbase became a member of the Coalition for Prediction Markets (CPM), a group of prediction market operators announced by Kalshi and Crypto.com.

“At Coinbase, our mission is to deliver financial freedom to the world — and prediction markets by nature democratize fact finding and the seeking of truth,” Coinbase’s chief policy officer Faryar Shizad said.

He also underscored the CPM’s ambition to engage with policymakers to ensure continued access to these markets for people in the US.

Founded in 2018 by MIT graduates Tarek Mansour and Luana Lopes Lara, Kalshi enables users to trade outcomes on real-world events just like financial assets.

The platform has emerged as a major prediction market operator alongside rivals such as Polymarket and Opinion, with weekly trading volumes of about $1 billion, according to Dunedata figures on Dune Analytics.

Coinbase’s push into prediction markets comes amid a boom in the sector, with weekly trading volumes hitting a record last week near $4 billion, though some experts have questioned the accuracy of the reported figures.

Rival exchanges have been racing to roll out prediction markets, with Crypto.com in October announcing a dedicated platform set for integration with Trump Media.

On Wednesday, the Winklevoss twins-founded exchange Gemini scored approval from the Commodity Futures Trading Commission to offer prediction markets in the US.

Cointelegraph approached Coinbase for comment regarding its prediction markets and tokenized securities push, but had not received a response by publication.

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Coinbase to unveil prediction markets and tokenized equities next week: Bloomberg

The Block

Coinbase Global will announce next week that it is launching prediction markets and tokenized equities, Bloomberg reported Thursday.

Citing a source familiar with the matter, the outlet said Coinbase plans to publicly announce the two products at a Dec. 17 showcase. The tokenized equities product is reportedly launching in-house without any partners.

"Tune in to the livestream on Dec 17th to find out what new products Coinbase is shipping," a Coinbase spokesperson said, without directly confirming or denying the report.

The exchange had previously hinted at such product launches, and screenshots recently circulated on the social media platform X appeared to show the app displaying these new functionalities.

Coinbase's reported move aligns with the trend of major crypto players jumping into the emerging prediction market sector, which is currently under a duopoly of Kalshi and Polymarket. The combined volume of these two platforms has been growing at a rapid pace, posting $7.7 billion worth of monthly volume in November from around $1.3 billion in August.

Earlier this week, crypto exchange Gemini announced that it received approval from the Commodity Futures Trading Commission to operate a Designated Contract Market, clearing the way for it to launch an event contracts platform. Another major exchange, Crypto.com, inked a partnership with sports apparel giant Fanatics to launch a fan-led prediction market platform earlier this month.

Coinbase stock fell 2.2% on Thursday to close at $269.02, according to The Block's COIN price page.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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Standard Chartered, AirAsia parent to test ringgit stablecoin in Malaysia

Cointelegraph

Standard Chartered Bank Malaysia and Capital A, the parent company of AirAsia, plan to jointly explore a stablecoin pegged to Malaysia’s local currency, the ringgit.

In a statement Friday, the bank’s Malaysian arm and Capital A said they signed a letter of intent to explore a ringgit-pegged stablecoin under the country’s Digital Asset Innovation Hub, an initiative announced by Bank Negara Malaysia (BNM) in June.

This is Capital A’s first interaction with the regulated digital asset space. The initiative will rely on Standard Chartered’s infrastructure and financial expertise, as well as Capital A’s ecosystem, to pilot the stablecoin in a wholesale fashion, rather than focusing on the retail market.

Standard Chartered Malaysia will serve as the issuer of the stablecoin, while Capital A and companies within its ecosystem will be tasked with developing, testing, and piloting wholesale use cases.

Malaysia is not getting left behind

Malaysia is moving to ensure it is not left behind as more countries weave crypto and stablecoins into mainstream finance. Capital A’s announcement said the effort “supports the aspirations of Malaysia,” positioning the stablecoin work as part of a broader national push to modernize payments and capital markets with digital asset technology.

That direction appears to have backing at the highest levels. The eldest son of Malaysia’s billionaire king recently launched a stablecoin pegged to the national currency. The Digital Asset Innovation Hub allows fintech and digital asset firms to test new technologies under BNM oversight.

Last month, BNM also unveiled a three-year roadmap to explore and test asset tokenization across the financial sector while building on the regulatory sandbox framework. The roadmap anticipates that the institution will launch proof-of-concept projects and conduct live pilots.

The central bank also decided to create an Asset Tokenization Industry Working Group to coordinate industry-wide exploration, share knowledge and identify regulatory and legal challenges in the country.

Malaysia has been considering a change in its approach to the digital asset industry since the beginning of 2025. In mid-January, the local government reportedly began exploring the possibility of establishing a cryptocurrency policy that could recognize the industry and modernize the nation’s financial system.

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Malaysia’s Ringgit Stablecoin Moves Forward as Capital A, Standard Chartered Step In

Coinpedia

Malaysia is showing real interest in cryptocurrency, and the push is coming from institutions that matter.

Capital A, the parent company of AirAsia, and Standard Chartered Bank Malaysia have signed a letter of intent to explore a ringgit-backed stablecoin, placing the project inside Bank Negara Malaysia’s Digital Asset Innovation Hub (DAIH).

The development comes just days after a royal-backed ringgit stablecoin was announced.

AirAsia Parent Steps Into Regulated Crypto

Under the agreement, Standard Chartered Malaysia is expected to act as the issuer, while Capital A will focus on testing real-world wholesale use cases across its travel and digital businesses. This marks Capital A’s first move into regulated digital assets.

Calling the move a turning point, Capital A CEO Tony Fernandes said the deal “marks a significant milestone in our transformation from an aviation-centric group into a trusted, technology-led ecosystem.”

Fernandes added that a stablecoin could improve internal operations through real-time settlements, better treasury management, and programmable financial flows, helping the group serve customers more efficiently.

Why the Central Bank Sandbox Matters

Unlike many private stablecoin projects, this initiative is being tested inside Bank Negara Malaysia’s regulatory sandbox. The DAIH allows banks and companies to experiment under close supervision, running technical, regulatory, and commercial assessments before anything reaches wider use.

Standard Chartered Malaysia CEO Mak Joon Nien said digital assets are a core part of the bank’s long-term strategy, especially for institutional clients that require strong assurances.

Royal-Backed RMJDT Adds Weight

Just days earlier, Bullish Aim, chaired by the son of Malaysia’s king, unveiled RMJDT, a ringgit-pegged stablecoin backed by cash and short-term government bonds.

The token will run on Zetrix, a government-linked blockchain, and is designed for domestic payments and cross-border trade.

Together, these developments point to a broader shift in Malaysia.

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Shiba Inu (SHIB) Saved: Crucial Shiba Inu Price Bounce Keeps Uptrend Alive

U.Today

A distinct downtrend structure can be seen in the price action over the last few weeks, with SHIB continuously trading below its main moving averages, but the slight recovery we saw since the end of November could turn into something more meaningful if the price keeps printing higher lows. However, the fact that the 50 EMA, 100 EMA and particularly the 200 EMA are all above the asset and sloping downward indicates that the overall trend is still negative. There is no question about that.

It is getting better

The short-term behavior close to the lows is shifting. SHIB has stopped aggressively selling off. Rather, it is compressing into a narrow range, creating an ascending structure at the bottom that is shallow. This type of price movement typically indicates seller fatigue rather than revitalized confidence. Chart by TradingView">

The market is no longer experiencing panic exits because volume has considerably decreased in comparison to the earlier breakdown phase. This is crucial because dead assets bleed rather than consolidate.

Investors should currently be expecting an increase in volatility. Such phases of compression are short-lived. Direction is the crucial question, and the odds are divided in this case.

While RSI stays neutral and stays out of deep oversold territory, SHIB is trying to hold above its most recent local lows on the bullish side. That makes room for a relief rally, particularly if sentiment on the market as a whole stabilizes. The first realistic upside target would be a push toward the declining 50 EMA rather than a moonshot. Without a clear break above that level, any discussion about immediate zero removal is premature.

Shiba Inu's lack of structure

The macro trend continues to dominate the bearish side. SHIB will have very little structural support if it loses this consolidation base. A breakdown would probably result in another leg lower, motivated by apathy rather than fear — possibly worse for price.

What comes next? A decision should be made shortly. Either SHIB quietly fails and enters another gradual decline, or it breaks upward out of this tightening structure and provides a corrective bounce.

This is not a place for investors to expect fireworks. Instead of being a breakout phase, this is a positioning phase. If strength does emerge, it will do so gradually, and only after important moving averages have been recovered. SHIB remains in survival mode rather than revival mode until that point.

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YouTube now allows US creators to receive payouts in PayPal’s PYUSD stablecoin: report

The Block

YouTube now lets U.S.-based creators to receive payouts in PayPal's PYUSD stablecoin, according to a Thursday report from Fortune.

The new feature builds on YouTube's existing relationship with PayPal. In the third quarter of 2025, PayPal reportedly began offering bulk-payment recipients — such as independent contractors — the option to receive their payouts in stablecoins.

The U.S. dollar-pegged PYUSD stablecoin, launched in 2023, currently holds a market capitalization of $3.9 billion and saw $113 million worth of trade volume in the past 24 hours, according to The Block's price page. It stands as the world's eighth-largest stablecoin as of Dec. 12.

While currently limited to U.S. creators, this expansion of PYUSD's relationship with YouTube — a platform with over 2.7 billion monthly users — could significantly increase the stablecoin's adoption. In September, YouTube revealed that it had paid creators over $100 billion in the past four years.

The Block has reached out to Google and PayPal for comment.

Outside of YouTube, PayPal has continued to expand PYUSD across its suite of products. It allows users to hold the stablecoin in its Venmo digital wallet. Back in July, PayPal said users can pay small businesses in dozens of cryptocurrencies, which are converted into PYUSD at checkout.

The stablecoin sector as a whole has seen notable global growth and adoption, largely spurred by U.S. President Donald Trump's aggressive endorsement and the subsequent passage of the GENIUS Act.

Fueled by the U.S. regulatory push for its already-dominant stablecoin, numerous other economies — including the UK, South Korea, and Japan — have been prompted to introduce new rules designed to regulate and promote stablecoins pegged to their own local currencies.

The Block's data shows that the entire stablecoin market capitalization sits around $300 billion, while U.S. Treasury Secretary Scott Bessent has projected the market to reach $3 trillion by 2030.

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Do Kwon Falls Hard — Terraform Labs Chief Gets 15 Years For Wire Fraud

NewsBTC

Do Kwon, the South Korean co-founder of Terraform Labs, was sentenced to 15 years in prison on December 11, 2025 in a Manhattan federal court after pleading guilty to fraud tied to the collapse of the TerraUSD stablecoin and its sister token, Luna.

According to court documents and news reports, the judge described the scheme as a massive fraud that left thousands of investors facing heavy losses.

Sentence And Court Ruling

Judge Paul A. Engelmayer handed down the 15-year term after prosecutors urged for a sentence of up to 12 years and the defense asked for a much lighter term.

Do Kwon pleaded guilty in August 2025 to conspiracy to defraud and wire fraud, and as part of the plea he agreed to forfeit roughly $19 million.

The US Attorney’s office says the guilty plea admits he misled investors about how the stablecoin kept its $1 peg.

Scale Of The Losses

Reports have placed the market fallout from the Terra collapse at about $40 billion in erased value. Many ordinary investors lost life savings and some victims gave emotional testimony at sentencing, describing real financial ruin.

News outlets and court filings tie the crash in May 2022 to a sudden loss of confidence that cascaded through markets and hurt other crypto firms. Civil Penalties And Settlements

Before the criminal case reached this point, Kwon and Terraform faced a major civil action from the US Securities and Exchange Commission.

According to the SEC, Terraform Labs and Kwon agreed to pay more than $4.5 billion in disgorgement, interest and penalties, while Kwon personally faced an $80 million civil fine and a ban from crypto trading.

That civil judgment was filed in 2024 and has been used by regulators as part of the overall effort to make investors whole. International Arrest And Extradition

Kwon was arrested in Montenegro in March 2023 after leaving Singapore; authorities say he was using forged travel documents when detained.

He fought extradition in Montenegrin courts but was eventually transferred to the US late in 2024 to face federal charges. Reports outline a long legal fight across borders that ended with his return to New York to answer criminal counts.What The Sentence Means

Legal analysts say a 15-year term signals the court’s view that the fraud caused wide damage and that punishment should deter similar schemes. Victims’ statements at sentencing appear to have weighed heavily.

Kwon still faces separate probes and possible charges in other countries, and the civil judgment means substantial sums are earmarked for recovery efforts tied to Terraform’s bankruptcy.

Featured image from Getty Images, chart from TradingView

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