Why did Coinbase (NASDAQ: COIN) rise by 9.86% yesterday with China's crackdown and Binance being banned in the UK?

Chance that MAS step in to regulate will be high.

BTC hit 35k last night + Binance UK news. As for whether crypto will be increasingly regulated in Singapore, I think likely yes, in the future, but in the good way. Many crypto funds are based in Singapore actually (heck, apparently CZ stays in Singapore lol) and as a financial hub, it would be beneficial for us to promote it in a controlled way rather than to ban.