Elon Musk Nears Trillionaire Status as SpaceX IPO Approaches $135 Opening Price

Coinbase has announced three new capabilities for AI integration: - **LLM Integration**: Large language models can now connect directly to Coinbase accounts - **AI Agent Wallets**: Autonomous AI agents can obtain their own wallets to operate on Base - **Business Payments**: Companies can accept payments from AI agents through Coinbase Business These features mark a significant step in enabling AI agents to participate independently in the crypto economy. The announcement follows CEO Brian Armstrong's previous interest in providing crypto infrastructure for AI, including his 2024 offer to set up a wallet for AI influencer Truth Terminal. The developments suggest Coinbase is positioning itself as key infrastructure for the emerging AI-crypto intersection.

Coinbase executed the largest USDC transfer in history, moving approximately $4.4 billion to the Hyperliquid deployer. **Key Details:** - The transfer represents a significant milestone in stablecoin infrastructure - Coinbase serves as the official treasury deployer for USDC on Hyperliquid - USDC on Hyperliquid has grown to nearly $5B since its 2023 launch, doubling annually **Platform Changes:** - Native Markets will phase out USDH - Users can redeem USDH for USDC or fiat at no cost during the migration period This transfer underscores the growing institutional adoption of decentralized trading platforms and the consolidation of stablecoin liquidity.

Coinbase has introduced continuous trading for US-regulated gold and silver futures, marking the first time these traditional commodities will trade around the clock without weekend closures. **Key Details:** - 24/7 trading for gold and silver futures went live on June 12, 2026 - First US-regulated futures to operate continuously - Oil futures and additional commodities planned for future rollout - Builds on Coinbase's existing perpetual contracts for gold and silver launched in May 2026 This development brings traditional commodity markets into alignment with crypto's always-on trading model, potentially increasing accessibility and liquidity for precious metals investors.

Coinbase has introduced pre-IPO perpetual futures trading for eligible non-US users through Coinbase Bermuda Ltd, starting with SpaceX. **Key Features:** - 24/7 trading with USDC settlement - No expiration dates - Automatic conversion to regular perpetuals when IPO occurs **Important Considerations:** - Uses specialized pre-IPO index pricing based on valuations - Higher risk due to lower liquidity and increased volatility - Carries IPO conversion risk - Available only in select markets outside the US - Not affiliated with or endorsed by SpaceX The product differs from standard perpetual futures and requires users to understand the elevated risks before trading. More details available at [Coinbase Blog](https://www.coinbase.com/blog/pre-ipos-are-launching-on-coinbase-starting-with-spacex) and [Help Centre](http://help.coinbase.com/international-exchange/pre-ipo-markets/what-are-pre-ipo-perpetual-futures).