Coinbase Listing Roadmap Update: IMU and SENT

**December 6th** SpaceX—Elon Musk’s rocket company—plans to launch its initial public offering (IPO) in the second half of 2026, with the offering potentially valuing the firm at $800 billion, *The Information* reported Wednesday. The IPO will cover the full company, including its internet satellite service Starlink, the firm has told investors and financial representatives. If this sky-high valuation is realized, SpaceX will surpass OpenAI—led by Sam Altman, a Musk rival—to become the world’s most valuable private company. Separately, *The Wall Street Journal* cited sources familiar with the matter as saying SpaceX Chief Financial Officer Bret Johnsen has informed investors of the IPO plan in recent days.

**December 6 – Concerns over stablecoin issuer Tether’s financial health have resurfaced this week, sparked by a warning from BitMEX co-founder Arthur Hayes that the firm could face a severe crisis if its reserve asset values drop.** **However, CoinShares Research Director James Butterfill has pushed back against these claims. In CoinShares’ Dec. 5 market update report, Butterfill stated concerns about Tether’s solvency “appear unfounded.”** **He noted Tether’s latest audit shows the firm holds $181 billion in reserve assets, with liabilities of roughly $174.45 billion—leaving a surplus of nearly $6.8 billion. “While stablecoin risks shouldn’t be entirely dismissed, current data doesn’t point to any systemic vulnerabilities,” he added.** **Tether remains one of the sector’s most profitable companies, raking in $10 billion in profits through the first three quarters of this year.**

Thursday, December 6 — Yield Basis, the protocol from Curve Finance founder Michael Egorov, activated its fee switch Thursday, becoming the latest cryptocurrency project to direct revenue to its token holders. Some Yield Basis users have four weeks to claim over 17 bitcoins (valued at nearly $1.6 million as of Friday) that have accumulated since the protocol launched in September. The fee switch proposal was unanimously approved by Yield Basis token holders on Wednesday.

On December 6, Jupiter announced via social media that its WET public sale will resume **Monday, December 8 at 10 a.m. Eastern Time (11 p.m. Beijing Time)**. The project will partner with the HumidiFi team to enhance anti-bot measures. Noting that currently deployed WET tokens are locked in a completed presale treasury and cannot be retrieved, the team will mint new tokens to support the public sale reboot.

On December 6, Cointelegraph reported that the exchange whale ratio has recently surged, with the overall ratio across all exchanges now at 0.47—suggesting large Bitcoin holders are increasingly moving their holdings to exchanges. This trend is especially pronounced on Binance, where the 14-day exponential moving average (EMA) has climbed to 0.427—its highest level since April. Whale deposits typically signal a sell-off phase, as large institutions often leverage Binance’s liquidity to offload holdings en masse. With Bitcoin struggling to break above the $93,000 resistance level, this shift points to intensifying selling pressure. If the trend persists, the price will likely consolidate before attempting another breakout or retesting key support levels. On-chain data shows that as of November 28, the 30-day simple moving average (SMA) of BTC inflows to Binance hit 8,915 coins—near the annual peak of 9,031 coins recorded on March 3. Historical data indicates similar inflow peak

On December 6, per LookOnChain monitoring data, a whale address starting with 1Au1uZ reactivated after 14 years of inactivity. Four hours prior, the address transferred 1,000 bitcoins—valued at roughly $89 million—to a new wallet. The whale originally received the 1,000 BTC 14 years ago, when Bitcoin traded at just $3.88 per coin, making the holding worth only $3,883 at the time.