Coinbase just dropped a game-changer at Solana’s Breakpoint 2025 event in Abu Dhabi: in-app DEX trading for all Solana tokens. No more waiting for official listings—users can now swap any SPL token directly on-chain via decentralized liquidity pools, settling in USDC or even fiat (bank transfers, debit cards).
Early access kicks off next week, opening the floodgates for millions of new assets to Coinbase’s 100M+ user base. This builds on their recent Base-to-Solana bridge launched Dec 4 via Chainlink’s CCIP and the pending acquisition of Vector, a Solana-native trading platform that spots fresh tokens the moment they launch.
It’s a clear play to fuse CeFi ease with DeFi speed: think centralized UI for discovering and funding trades, but decentralized execution for self-custody. Solana’s DEX volume has already topped $1T this year, and this could supercharge it further by pulling in retail liquidity without the usual gatekeeping.
Cointelegraph highlight how this convergence could make Solana the go-to for token launches, with filters for new drops and portfolio views blending BTC, ETH, and SOL assets seamlessly.
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Coinbase’s Solana product lead, Andrew Allen, nailed it: “The goal is to make the millions of new assets created on-chain immediately accessible to all users.” For builders, it’s instant global reach if your token has liquidity. COIN stock dipped 2% pre-market, but retail sentiment on Stocktwits is still bullish.
More drops expected at Coinbase’s Dec 17 showcase. Meanwhile, the broader market’s nursing a hangover. After a brief relief rally (BTC reclaimed $93K on Fed cut hopes), after-hours trading flipped red: BTC slipped below $91K (-1.4%), ETH under $3.2K (-2%), and sectors like DePIN (Filecoin -7.5%, Render -5.5%) and Layer 1s (-2.5%) took the brunt.
Total market cap shed ~1-2% in the last 24 hours, with $600M+ in liquidations per Coinglass. Blame the usual suspects: fading Fed cut euphoria now ~50/50 odds for December, macro jitters from a potential government shutdown draining liquidity, and profit-taking after October’s $125K BTC peak.
Broader risk-off vibes spilled from equities—Nasdaq flat, but crypto’s correlation is amplifying the pain. Altcoins got hammered harder: Zcash -10%, and a MarketVector index of smaller caps is down 70% YTD.
Sentiment’s in “Extreme Fear” per the Crypto Fear & Greed Index (23/100), with open interest dropping as leverage unwinds. Glassnode calls this a “mid-cycle reset,” not a full winter—spot liquidity’s absorbing the selloff, and BTC’s still 15% off lows near $76K. But with $787B in perp futures leverage vs. $135B in ETFs, more fireworks if it tests $86K support.
Polymarket Pessimism: BTC $100K Odds Slide to 30%
Prediction markets are the ultimate vibe check, and Polymarket’s turning bearish. Odds of Bitcoin hitting $100K by Dec 31? Down to 30% from 50%+ last week, with $95K at just 59%. That’s a sharp pivot from October’s 56% shot at $130K now near 0%.
Bettors are piling into downside: 40% chance BTC dips to $80K by year-end, and 61% see a max of $95K. Kalshi’s a tad more optimistic at 42-51% for $100K, but the delta screams caution—traders smell more chop ahead of the Fed.
BecauseBitcoin summed it up: “Odds BTC Reaches $100K Drop to 30% and $95K to 59% For This Year.” Polymarket now pegs BTC’s chance of $100K by year?end under 30% after the Fed made markets do the cha?cha slide. Arbitrage plays are popping too: Pair the $100K yes/no with $80K downside bets for low-risk edges, per Cvrsxd.
If macro stabilizes via ETF inflows keep surprising at $416 BTC added yesterday, that 30% could look undervalued. But with sentiment this fearful, $90K might be the floor before any Santa rally. Crypto’s wild—Solana’s innovating while BTC consolidates.