Coinbase has launched a public token sales platform, marking a strategic shift in its operations. This follows its $375 million acquisition of Echo, a platform founded by crypto trader Jordan 'Cobie' Fish. The move aligns with evolving U.S. regulatory clarity on ICOs, providing new opportunities for U.S. retail users.

The October 10 crypto crash led to over $20 billion in leveraged position liquidations, revealing systemic fragility. Venture capitalists identified excessive leverage, weak infrastructure, and opaque risk systems as primary drivers. DeFi platforms demonstrated resilience during the turmoil, according to investors. Experts are urging structural improvements to prevent future market spirals.

JPMorgan analysts conclude crypto native traders using perpetual futures, not institutional or ETF investors, were behind last week's massive market correction that saw $20B in liquidations.