Drift Co-founder: Mobile App Set to Launch in Q1 2026

December 12th — Coinglass data shows funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal a shift in market sentiment: from a bearish bias to neutral. Specific funding rates for top cryptocurrencies are available in the attached image. [BlockBeats Note] Funding rates are fees set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. They facilitate fund transfers between long and short traders—exchanges do not collect these fees. The mechanism adjusts traders’ holding costs or profits to keep contract prices close to the underlying asset. Rate breakdown: - 0.01% = baseline - >0.01% = bullish bias - <0.005% = bearish bias

December 12 — CoinDesk reports that cryptocurrency exchange Coinbase and Standard Chartered Bank (a bank with a friendly stance toward crypto businesses) have expanded their collaboration in the digital asset space. The pair are jointly exploring product development across institutional client trading, prime brokerage services, custody, staking, and lending. This partnership builds on their existing collaboration in Singapore, where Standard Chartered provides banking connectivity services for Coinbase customers to enable real-time Singapore dollar transfers.

December 12 — Per The Block, cross-chain interoperability protocol deBridge has launched a new execution primitive aimed at reducing on-chain operational complexity for users and developers. Dubbed deBridge Bundles, this new execution model lets users sign an intent outlining their desired outcome — the protocol then executes the operation based on that intent, with no direct user interaction with the blockchain required. Bundles also streamlines app development for builders, allowing them to focus on product logic and user experience (UX) while the protocol handles complex custom tools, retry logic, and execution frameworks.

**December 12: Musk Confirms SpaceX 2026 IPO Reports Accurate** Elon Musk took to X (formerly Twitter) on December 12 to state that reports of SpaceX launching an IPO in 2026 are “accurate.” Multiple media outlets have cited a target valuation of up to $1.5 trillion, with Starlink’s growth and Starship’s progress identified as key catalysts. However, historical data shows high valuations typically face pressure on post-IPO returns. BiyaPay analysts note a successful IPO would significantly lift sentiment across the aerospace supply chain and satellite internet theme—but short-term expectations are more likely to drive front-running and amplify volatility. They recommend monitoring valuation absorption and the pace of profit realization. BiyaPay supports USDT trading for U.S. stocks, Hong Kong stocks, and futures, and offers zero-commission trading on cryptocurrency spot contracts.

On December 12, Mariu, co-founder of Kamino—a liquidity protocol in the Solana ecosystem—announced at the Solana Breakpoint Conference: “We’re set to launch a fixed-rate, fixed-term lending product. Users will choose their desired rate and term, then transact at those parameters.” This setup enables institutions seeking to lock in financing costs to enter the market, while letting asset rotation strategies capture a locked stable spread. Kamino is partnering with Fal X—one of the largest brokers in its target market—with a key subcomponent: “lending intention.” This feature allows both borrowers and lenders to place orders at their preferred rates, enabling true on-chain rate discovery and the formation of an on-chain yield curve.