GM. This is Milk Road, the Rosetta Stone for crypto news and insights.
Here’s what we’ve got for you today:
- ✍️ Coinbase's plan to own your phone.
- 🎙️ The Milk Road Show: Why Smart Money Is Loading On Ethereum & Hyperliquid Over Bitcoin.
- 🍪 Kyle joined Scott Melker to chat about Crypto, SpaceX and more.
Bridge just released a free guide called “The Stablecoin Playbook” that covers the most prominent real-world use cases for stablecoins. Download the free guide now.
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COINBASE WANTS TO BE THE LAST MONEY APP ON YOUR PHONE 📱
Coinbase ran a presentation yesterday called "Take Control," and the message underneath all the new toys was pretty blunt.
They want to be the only money app left on your phone.
One login that swallows your brokerage, your bank, your trading terminal, and your crypto wallet.
Here's what they're rolling out, and who they're coming for.
First up: Robinhood and Schwab.
You can now trade stocks right next to your crypto, with options (contracts that let you bet on a price move without buying the asset outright) coming for both.
They're also adding perpetual futures (leveraged price bets with no expiry date) on baskets of stocks instead of single names, grouped into themes like AI, China, and Defense.
And then there's the big one: pre-IPO perps.
These let you get exposure to private companies before they ever hit a public exchange - with OpenAI and Anthropic on the way.
So the venture-fund-only stuff now sits in the same app as your ETH.
Next: Polymarket.
Coinbase is expanding prediction markets with two new flavors…
- Crypto binaries: simple "up or down" bets on BTC, ETH, or SOL over windows from 15 minutes to a full year.
- Combos: bundle a few predictions into one trade, like a BTC call stacked with a political outcome and the result of a ball game.
(One position, multiple bets, one payout.)
Then it gets weird, in a good way…
FREE GUIDE ON STABLECOINS
Stablecoins are no longer a future bet, they’re a right-now decision.
Bridge (a Stripe company) just released a free guide called the “The Stablecoin Playbook” that covers the most prominent real-world use cases for stablecoins.
Here’s exactly what’s in the free guide:
- How to pick your use case for stablecoins and leverage them to expand globally
- How to incorporate stablecoins into your user experience
- Determine if launching your own stablecoin is the right path for your business
Stablecoins are going global & Bridge is powering that shift.
Download the free guide on stablecoins now.
COINBASE WANTS TO BE THE LAST MONEY APP ON YOUR PHONE (P2) 📱
Coinbase Advisor is an SEC-registered AI advisor baked into the app.
It handles tax-loss harvesting (selling losers to shrink your tax bill) and turns breaking news into trade ideas - the kind of thing you used to pay a human for.
Agentic trading goes a step further. You hand an AI bot a budget, fence off exactly what it's allowed to touch, and let it run your book around the clock.
You set the limits, the bot does the trading. 👇
After that: Amex and your bank.
The Coinbase One Card now pays 5% Bitcoin back on every travel booking, dropped straight into your account instead of loyalty points that expire on you.
There's also a USDC-backed card for people the credit bureaus normally skip. You put up USDC as collateral, earn rewards on it, and build credit with on-time payments.
And you can now borrow against your staked SOL and ETH without unstaking them, so your assets keep earning yield while you pull cash out.
Under all of it sits the plumbing.
Coinbase's developer platform already has Klarna, Webull, and AWS building on top of it - with nearly $1T in stablecoin volume running through Coinbase products last year.
Add it up and the targets are:
Robinhood, Schwab, Polymarket, Amex, and your bank, all at once.
From where I’m standing, this is the most credible run at the "everything app" anyone in crypto has made.
BITE-SIZED COOKIES FOR THE ROAD 🍪
Wanna invest in SpaceX but not based in the US? Check out Bitget Stocks 2.0 where you can trade major US stocks.*
Check it out: Kyle joined Scott Melker this morning to chat about Bitcoin, Crypto, SpaceX and more.
Saylor: "The fundamentalist ideology is really important to the soul of Bitcoin." But taken too far, it locks out 99.9% of all capital in the world.
John Gillen: Trump's midterm problem = "We've minted a trillionaire." The K-shaped economy is a real political risk.
DeFi Saver turns Aave v4 into a trading bot for your loans: Stop losses, take profits, and one-click loan migration - we broke down the pros, cons, and fees so you don't have to.
*this is sponsored content.
Download the free guide on stablecoins now.
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