According to the source, Coinbase ended the waitlist for its Bitcoin rewards credit card, the Coinbase One Card, and opened access to U.S. users. Based on the source, this U.S. rollout establishes a new BTC rewards channel, so traders may monitor BTC rewards issuance and Coinbase app engagement as proxies for adoption. Given the source's report of broader access, traders may also track COIN trading volume and exchange BTC flow metrics for signs of incremental on-platform activity tied to rewards distribution.

According to @OnchainDataNerd, within a 24-hour period, major institutional players deposited substantial amounts of ETH into exchanges. Specifically, Grayscale deposited 16,247 ETH (approximately $28.63 million), Blackrock deposited 10,000 ETH (approximately $17.94 million), Wintemute deposited 34,634 ETH (approximately $62.94 million), and Andre Conje Fantom deposited 2,000 ETH (approximately $3.44 million). These deposits suggest a potential increase in trading activity or liquidity provision on exchanges, which could impact ETH's market dynamics.