Coinbase Launches Borrowing Up to $1M Against Staked Ether | CoinDesk Daily
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CoinDesk
4.7 • 698 Ratings
🗓️ 23 January 2026
⏱️ 2 minutes
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| 0:00.0 | Coinbase launches a new borrowing feature and Caroline Ellison is released from prison. |
| 0:04.7 | You're watching CoinDesk Daily. I'm your host, Jen Sanassi. |
| 0:13.7 | Coinbase is unlocking liquidity for stakers, launching a new feature that lets users borrow up to a million dollars against their ETH holdings. |
| 0:21.1 | Powered by the Morpho Protocol, the new product allows eligible U.S. customers to borrow |
| 0:25.9 | USDC without unstaking their assets. While the tool offers flexible repayment schedules, |
| 0:31.1 | users must keep their loan to value ratio below 86% to avoid automatic liquidation. |
| 0:36.6 | The move is part of a broader push to make crypto |
| 0:39.1 | holdings more capital efficient, allowing investors to access cash for expenses while keeping |
| 0:44.1 | their exposure to ETH price movements. Caroline Ellison, the former Elmator Research CEO and |
| 0:49.6 | key witness in the FTX trial has been released from federal prison after serving just 14 months of her two-year sentence. |
| 0:56.7 | Ellison has transferred to a halfway house program to finish her term under supervision. |
| 1:01.2 | Her cooperation was instrumental in convicting Sandbankman Freed, who is currently serving 25 years in a low security prison. |
| 1:08.0 | As part of her plea deal, Ellison forfeited $11 billion and accepted a 10-year |
| 1:11.9 | ban from serving as a corporate officer. Her release comes just months before the FTX saga |
| 1:16.5 | hits Netflix in a new limited series starring Julia Gardner and Anthony Boyle. And the crypto IPO market |
| 1:22.7 | is heating up in 26. Hardware wallet maker Ledger is reportedly planning a New York listing this year, |
| 1:28.4 | targeting a valuation of over $4 billion. The French firm is working with banking giants |
| 1:33.1 | like Goldman Sachs to facilitate this debut, hoping to capitalize on record revenue despite |
| 1:38.3 | recent data breaches. The news follows Bitco's public debut on Thursday. The custody firm priced |
| 1:43.1 | its shares at $18, valuing the company at roughly $2 billion. As the first crypto IPO of 2026, BitGo is banking |
| 1:50.2 | on its custody revenue rather than volatile trading fees. That's it for CoinDesk Daily. Get more |
| 1:55.1 | updates on CoinDesk.com and we'll see you next time. |
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