Coinbase announces the launch of DEX trading features in the app, available to some U.S. users (excluding New York), supporting Aerodrome and Uniswap aggregation, with network fees sponsored by Coinbase, using self-custody wallets for trading.

This move is spot on, significantly lowering the barriers to DeFi, especially in connection with Binance's news on purchasing coins via Apple Pay. It feels like CeFi is encroaching on DeFi's territory.

In my personal opinion, this will attract new users into the market, but the regulatory risks are high. The Hong Kong Monetary Authority just reminded about the promotion of fake stablecoins.

In the coming weeks, there will be an expansion of asset support, and the momentum of the ETH ETF's net inflow of 169 million may help ETH break 4100 again. Keep a close eye on the liquidation chart with a liquidation intensity of 864 million, to avoid becoming collateral damage.