GM Brew Crew, you know that feeling when you wake up before your alarm and still have 2 hours left to sleep? I bet you get the same feeling after this read. Let’s dive in.

On the menu today:

• ZERO-DOLLAR TRADING FEES? NEVER HEARD OF ‘ER 🧾

• LEDGER RIVAL TAKES ADVANTAGE OF RECENT CONTROVERSY 🔨

• JP MORGAN’S CRYPTO THOUGHTS 👀

Today’s Charts:

ZERO-DOLLAR TRADING FEES? NEVER HEARD OF ‘ER 🧾

The new subscription service that transforms your cryptocurrency experience is called “Coinbase One". The well-known cryptocurrency exchange Coinbase is planning to launch "Coinbase One" in 35 countries, providing exclusive advantages, cost-free trading, and increased staking rewards.

• Initially starting with the UK, Germany, and Ireland, Coinbase One offers exclusive benefits through partnerships for a monthly fee of $29.99.

• Members of Coinbase One will have access to 24/7 dedicated support for technical account difficulties, as well as a pre-filled tax form for simplified crypto tax filing.

• In order to overcome regulatory obstacles in the US, Coinbase launched the Coinbase International Exchange in early May to expand operations internationally. CEO Brian Armstrong, nevertheless, is still dedicated to the US market.

LEDGER RIVAL TAKES ADVANTAGE OF RECENT CONTROVERSY 🔨

Competitors are utilizing the recent issue surrounding Ledger, a prominent hardware wallet expert, to alleviate customer fears by providing safe and open-source alternatives.

• Ledger introduced a controversial wallet recovery service called Ledger Recover, which has faced criticism and concerns from users. Find the full breakdown here.

• Trezor, a hardware producer, is offering a 15% discount on its products to capitalize on Ledger's troubles.

• Trezor promotes "Open Source security you can verify" and currently offers two hardware products, Trezor Model One and Trezor Model T.

• Believe it or not, the crew was with Ledger CEO, Pascal Gauthier, down in Miami the past 2 days. Pascal mentioned that Ledger’s hired hackers hacked into a trezor in 17 seconds…

JP MORGAN’S CRYPTO THOUGHTS 👀

JP Morgan stated in a research report that the shrinking stablecoin universe is hindering the possibility of sustained recovery in crypto prices.

• The decline in overall cryptocurrency market cap over the past month can be attributed to the loss of stablecoin market share by $USDC in favor of Tether ($USDT).

• JP Morgan also highlighted concerns regarding major stablecoins’ holdings of U.S. Treasury securities, posing challenges to maintaining their pegs in a scenario of U.S. technical default.

• Stablecoins play a critical role in trading access, decentralized finance, and collateral within the crypto ecosystem.

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.