Coinbase Activates AQAv2 for Hyperliquid USDC Treasury

Better and Coinbase have originated the **first Fannie Mae-insured mortgage backed by Bitcoin** in the United States. The program allows homebuyers to use their crypto holdings as collateral for conventional mortgages without selling their assets. **Key Details:** - Loans are originated and serviced by Better, powered by Coinbase - Rolling out nationwide this summer - Coinbase One members receive a **1% rebate** on mortgage value (up to $10,000 maximum) - Rebates applied as lender credit against closing costs The first customer has already been funded under this program. All mortgages are structured as conventional loans and require credit approval by Better. Coinbase is not involved in loan underwriting or mortgage advice. Borrowers should consult independent tax advisors regarding crypto pledge treatment. [Learn more about crypto-backed mortgages](https://www.coinbase.com/blog/coinbase-powers-the-first-crypto-backed-conforming-mortgages-by-better)

Coinbase has introduced **pre-IPO perpetual futures** trading, starting with SpaceX. The product is available to eligible users outside the United States through Coinbase Bermuda Ltd. **Key Features:** - 24/7 trading with no expiry dates - USDC-settled contracts - Automatic conversion to regular perpetual futures upon IPO - No user action required during IPO transition **Important Considerations:** - Uses valuation-based index pricing instead of standard pricing - Higher volatility and lower liquidity than traditional perpetuals - Elevated risk profile due to IPO conversion uncertainty - Not affiliated with or endorsed by SpaceX This product allows traders to speculate on pre-IPO company valuations before they go public. When the company eventually IPOs, positions seamlessly convert to standard perpetual contracts. Learn more at [Coinbase's blog](https://www.coinbase.com/blog/pre-ipos-are-launching-on-coinbase-starting-with-spacex) and [Help Centre](https://help.coinbase.com/en/international-exchange/pre-ipo-markets/what-are-pre-ipo-perpetual-futures).

Coinbase is expanding its trading offerings with **perpetual-style equity index futures** launching in the U.S. on June 8. **Key Features:** - Trade long or short positions on major market sectors and trends - Perpetual-style contracts (no expiration dates) - Available for U.S. traders on the Coinbase platform This follows Coinbase's earlier launch of stock perpetual futures in March, continuing the exchange's push into traditional finance products alongside crypto trading. [Read the full announcement](https://www.coinbase.com/blog/coming-june-8-perpetual-style-equity-index-futures)

Coinbase is running a sweepstakes offering traders a chance to win **1 BTC** and an Aston Martin F1 experience in Melbourne. **How to enter:** - Opt in on Coinbase - Make any trade between January 5 and February 5, 2026 - Earn 1 entry per trade (maximum 10 entries) **Prize includes:** - Trip for two to Melbourne (flights and hotel) - VIP pre-race karting with Aston Martin F1 Team Driver Squad member - Aston Martin rental with chauffeur - Access to team events - Personalized kit signed by Fernando Alonso and Lance Stroll - 1 Bitcoin Contest ends February 5, 2026. Open to residents of US, Canada, Ireland, Germany, Spain, France, and Australia (18+). No purchase necessary. [Full rules](http://coinbase.com/sweepstakes/amf1_jan26_rules)