Coinbase Introduces 24/7 Bitcoin and Ethereum Futures Trading, Impacting Market Dynamics

Coinbase has made a significant move by launching 24/7 Bitcoin and Ethereum futures trading in the U.S., becoming the first regulated platform to offer continuous crypto derivatives trading. This initiative is poised to attract more institutional investors and enhance market liquidity, which is a promising development for the crypto ecosystem.

The current landscape has seen crypto whales pivoting their focus toward key altcoins like Ethereum (ETH), ApeCoin (APE), and Polkadot (POL), signaling potential targeted rallies. Recently, Ethereum experienced a significant boost due to the Pectra upgrade, which triggered a remarkable 31% jump in price, seeing ETH soar to $2,366. However, the token is encountering sell pressure around the $2,500 mark, with an alarming $27.8 billion in sell orders looming in the market.

Compounding the uncertainty, the U.S. Senate has blocked the GENIUS Act, leaving stablecoins in regulatory limbo as Democrats withdrew their support, which further delays federal stablecoin regulations. Meanwhile, the Ethereum Foundation has committed $32.65 million to over 30 projects focused on Layer 2 scaling, zero-knowledge proofs, and global developer education. This funding aims to enhance network scalability and foster developer engagement, showcasing Ethereum's commitment to its growth.

With these developments, platforms like Bitlet.app are increasingly essential, offering innovative services such as crypto installment options that allow users to buy cryptocurrencies now and pay in monthly installments. This provides a more accessible entry point into the crypto market amidst the ongoing changes.