Trump, Xi Begin High-Stakes China Summit Focused on Trade, Taiwan and Global Tensions 
ASX Names Former Euronext Executive Anthony Attia as New CEO 
Aung San Suu Kyi Moved to House Arrest Amid Myanmar Political Crisis 
Dollar Gains as Fed Rate Hike Bets Rise Ahead of Trump-Xi Summit 
BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
U.S. Army Soldier Charged in $400K Insider Betting Scheme on Maduro Capture 
Rubio Discusses Iran Crisis and Strait of Hormuz Disruptions With UK and Australia 
Bitcoin Breathes at $80K: Bullish Structure Holds as Risk Aversion Creeps In 
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict 
Judge Rules DOGE Humanities Grant Cuts Unconstitutional 
Judge Orders Release of Family After Longest ICE Detention Under Trump Administration 
Coinbase dropped its plan to launch a lending program after the US Securities and Exchange Commission (SEC) threatened it with a lawsuit
The Nasdaq-listed cryptocurrency exchange said that as it continues to seek regulatory clarity for the crypto industry as a whole, it decided not to launch its Lend program.
The Lend program would let users earn interest on USD coins with rates of over 50 times the national average of a traditional savings account.
The program allows users to earn four percent APY with the principal being guaranteed.
SEC sent Coinbase a Wells Notice regarding a security issue on the Lend program, a conclusion that it did not explain.
The company is growing its business in some other ways. Last week, Coinbase applied to the National Futures Association (NFA) to offer futures and derivatives trading on its platform. Coinbase is also raising $2 billion by selling bonds.
Furthermore, Coinbase Prime, a comprehensive platform for institutional investors, would be launched with updated capabilities.
