Former PayPal President's Change of Heart on Crypto

**Ryan Van Grack (@RVanGrack) has been appointed as Vice Chair at Coinbase**, positioning him to lead key initiatives in crypto advancement at the exchange. The announcement highlights Van Grack's expanded role in shaping Coinbase's strategic direction and crypto industry leadership. - Van Grack will focus on advancing crypto adoption and Coinbase's platform development - The appointment signals Coinbase's continued investment in executive leadership - Community members are encouraged to follow his work on social media

A cryptocurrency advertisement titled *Your Way Out* has received a nomination for Outstanding Commercial at the 2026 Emmy Awards. This marks a notable moment for the crypto industry's presence in mainstream media recognition. The commercial is competing in one of television's most prestigious award categories. The nomination represents growing acceptance of cryptocurrency advertising in traditional entertainment spaces.

Coinbase has launched a new lending program exclusively for Coinbase One members, offering approximately 7% annual percentage yield (APY) on USDC stablecoin deposits. **Key Features:** - 7% APY on lent USDC - Available only to Coinbase One subscribers - Flexible withdrawals allowed at any time - No lock-up periods required The program allows users to put their USDC holdings to work while maintaining liquidity. Members can withdraw their funds whenever needed without penalties or waiting periods. More details available at [coinbase.com/lend](http://coinbase.com/lend)

Coinbase has launched the **Coinbase Champions Cup**, its first trading competition specifically for users in India. **Competition Details:** - Total prize pool of **₹3.3 Crore** (approximately $400,000 USD) - Open to Indian users on the Coinbase platform - Participants compete through trading activities **Prizes Include:** - A Mini Cooper vehicle - Luxury watches - International trips to New York City and Abu Dhabi - USDC cryptocurrency rewards - Additional prizes from the prize pool The competition represents Coinbase's effort to engage its growing Indian user base through gamified trading incentives. [Learn more and participate](https://coinbase.com/coinbase-champions-cup-india)

Coinbase has obtained a **MiFID (Markets in Financial Instruments Directive) license** in the United Kingdom, marking a significant regulatory milestone for the exchange's European operations. This licensing achievement follows Coinbase's recent partnership with Spiko Finance to enable **instant stablecoin entry and exit** for European UCITS funds, demonstrating the company's commitment to building 24/7 financial infrastructure. **Key developments:** - MiFID license allows Coinbase to offer expanded financial services in the UK - Continues regulatory expansion after obtaining AFSL license in Australia in April 2026 - Supports the company's vision of round-the-clock crypto-enabled finance The license positions Coinbase to serve institutional and retail clients in the UK market with enhanced regulatory compliance. [Read the full announcement](https://www.coinbase.com/blog/coinbase-obtains-mifid-license-in-the-united-kingdom)