🔥 Coinbase Acquires Vector

**Coinbase's inaugural token sale concludes successfully** The $MON (Monad) token sale on Coinbase has officially wrapped up, marking a milestone for the exchange's new token sales platform. **Key results:** - 85,800 participants from 70+ countries - $269 million committed - 1.43x oversubscribed - 99% of participants will receive their full allocation The sale, which launched on November 17, was notable for including US users - a significant development in token sales accessibility. **What's next:** - Token allocations coming soon - Platform designed to prioritize genuine supporters over speculators This marks Coinbase's entry into structured token launches, emphasizing fair distribution over traditional first-come-first-served models.

**Coinbase CEO Brian Armstrong** appeared on a new podcast episode with Kevin, diving into the **raw realities of building a crypto company**. Key topics covered: - **Building through market downturns** and challenging periods - **Founder mental health struggles** and personal challenges - **Managing burnout** in high-pressure environments - **Staying committed to company mission** during tough times - Light moments including discussion about being bald The candid conversation offers rare insights into the **personal side of leading** one of crypto's biggest companies through volatile times. [Watch full episode on YouTube](https://www.youtube.com/watch?v=NK9kBiZTRqw)

**Coinbase now offers ETH-backed loans** allowing users to borrow USDC against their Ethereum holdings without selling. **Key Features:** - Powered by Morpho protocol - Built on Base network - Available to US users (excluding New York) - **Staked ETH (cbETH) loans coming soon** **How it works:** Users can unlock liquidity from their ETH holdings by using them as collateral for USDC loans, maintaining their crypto exposure while accessing cash. **Important considerations:** - Variable interest rates - Risk of collateral liquidation - Terms subject to market conditions This follows Coinbase's recent launch of Bitcoin-backed loans, expanding their DeFi lending offerings. [Learn more](http://coinbase.com/blog/now-get-a-USDC-loan-without-selling-your-crypto) | [Get started](http://coinbase.com/borrow)

**Coinbase is preparing for a significant system update** scheduled for December 17 at 2PM PT, promising major product announcements and key business updates. The exchange describes this as **"a new era of Coinbase beginning"** and will broadcast the event live. Users can learn more and add the event to their calendars at [coinbase.com/events](https://www.coinbase.com/events). This follows Coinbase's pattern of scheduled system upgrades, including a previous temporary offline period in October 2024 that affected all trading and transfer services across their platforms.