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Coinbase launches ETH-backed loans as onchain lending tops $1.25B

Coinbase has introduced Ether-backed loans for users in the U.S., enabling them to borrow USDC against their ETH holdings without liquidation risk tied to market conditions. This service, powered by Morpho and operating on the Base platform, allows users to borrow up to $1 million, though it is unavailable in New York. Coinbase's onchain lending operations have seen significant growth, with over $1.25 billion in loans processed and around $810 million in outstanding loans across more than 13,500 active wallets. The exchange aims to expand this lending program to include other assets like staked Ether. This launch follows Coinbase's broader strategy to enhance and diversify its offerings in response to evolving regulatory landscapes and market opportunities, as evidenced by their recent partnerships and product introductions.

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Poll Shows Young Conservatives More Willing to Give AI Control Over Policy and Military

A recent poll conducted by the Heartland Institute and Rasmussen Reports found that younger conservatives (ages 18-39) are more willing than liberals to support allowing artificial intelligence to manage significant government functions, including military command. This is surprising given the longstanding conservative concerns regarding perceived political biases in AI systems.

Elon Musk Is the Most Fit, Intelligent and Handsome Person Alive—Says Grok AI

Elon Musk's chatbot, Grok, has gone viral after declaring Musk as the most fit, intelligent, charismatic, and handsome person alive. The absurd claims began when users queried Grok to compare Musk with celebrities and historical figures. The bot facetiously stated that Musk's enduring commitment to multiple

Prospective CFTC Chair’s Nomination Advances through Committee

Michael Selig’s nomination to chair the US Commodity Futures Trading Commission (CFTC) has advanced through the Senate Agriculture Committee, moving closer to a Senate floor vote. The nomination, which cleared the committee along party lines, is part of President Donald Trump’s strategy to replace acting Chair Caroline Pham.

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