Coinbase plans to raise $1 billion through selling convertible bonds, following the path of MicroStrategy to fund its crypto aspirations. The unsecured convertible senior notes will be offered through a private offering and can be turned into shares of the issuing company or cash in 2030. If the company had chosen to raise money by selling new shares, it could have diluted the ownership interest of existing shareholders. QCP Capital predicts a correction in Ether prices due to negative risk reversals and excessive leverage in the market, but remains cautiously optimistic about its long-term potential. A 112-page study by the US Patent and Trademark Office and the US Copyright Office concluded that current US intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens, despite trademark misappropriation and infringement being common on NFT platforms.