- Coinbase’s reserves hit $112B in BTC, ETH, and stablecoins, showing renewed investor confidence and fueling potential bullish momentum.
- Coinbase now offers Morpho DeFi lending, letting USDC holders earn up to 10.8% APY, making on-chain yields more accessible.
- Ethereum ETFs saw $163M inflows, reflecting steady institutional interest and supporting continued positive momentum in ETH and crypto markets.
Coinbase is seeing renewed confidence from investors as its total USD reserves, including BTC, ETH, and stablecoins, surged to $112 billion. According to CryptoOnchain, this marks the highest level since November 2021, the peak of the previous market cycle. Coinbase’s rising reserves also coincide with increased liquidity and the potential for bullish price momentum across the market.
Over the past week, Coinbase users gained new opportunities to earn yield on their USDC holdings. The exchange integrated the Morpho lending protocol directly into its app, with vaults curated by DeFi advisory firm Steakhouse Financial. This move allows users to lend USDC on-chain without navigating complex third-party DeFi platforms or wallets.
While Coinbase currently offers up to 4.5% APY on USDC, the new DeFi lending option may provide yields as high as 10.8%, according to the platform. “Coinbase is only integrated with one lending protocol (Morpho) for this offering,” a spokesperson said. “We recommend that users understand the risks of lending, which are outlined in the Coinbase app experience.”
Ethereum ETFs Show Renewed Institutional Interest
In the meantime, Ethereum spot ETFs in the United States had net inflows of $163 million on Thursday, reversing $57 million in outflows on Wednesday. Given price swings and the rebound toward the $4,956 record high, institutional interest in ETH ETFs is rather steady.
At the time of writing, Ethereum trades near $4,500, holding key support while showing slight losses of over 1%. This ETF activity highlights ongoing confidence in ETH as a long-term investment vehicle.
A new stage of accumulation is being entered by the market, as seen by Coinbase’s record reserves and integration with DeFi lending. Additionally, ETF inflows indicate that institutional investors still see Ethereum as a feasible, regulated investment choice. These developments could therefore support long-term positive momentum in all of the major cryptocurrencies.
Rising reserves on Coinbase, combined with DeFi yield options and Ethereum ETF inflows, signal growing market strength.
