Senate Democrats pursuing a Friday call with crypto industry on market structure bill U.S. Senate Democrats are set to reopen talks with representatives from the cryptocurrency industry on Friday, according to people familiar with the plan who spoke to CoinDesk. The discussion is expected to focus on a crypto market structure bill and concerns about…
Senate Banking Committee Delays Markup of Key Crypto Bill as Industry Support Frays Senate efforts to rewrite U.S. crypto rules hit another obstacle after the Senate Banking Committee delayed a planned markup of a major bill aimed at shaping the industry’s regulatory framework. The postponement underscores the difficulty lawmakers face in building consensus around crypto…
More people are using Ethereum for the first time, data shows Ethereum is seeing a noticeable increase in first-time users, according to month-over-month activity retention data that tracks how wallets behave over time on the network. The data shows a pronounced spike in the “new” cohort, a metric that measures wallets making their first recorded…
Democrats Blast SEC Over Crypto Retreat, Justin Sun’s Alleged China Ties Two Democratic lawmakers are criticizing the U.S. Securities and Exchange Commission over what they describe as uneven enforcement of securities laws in the crypto sector, while also raising questions about Tron founder Justin Sun and his alleged connections to China. In a letter, Reps….
Ethereum Price Finds Balance at Support—But the Next Move Matters Ethereum’s price action has steadied after a recent advance, with ETH holding above key levels following a move higher. The token remained stable above $3,300 before starting a fresh increase, broadly tracking the tone seen in Bitcoin. The upswing gained traction as Ethereum pushed above…
Arthur Hayes Says Fed Liquidity Shift Could Send Bitcoin Back Above $110K Bitcoin’s next major move may depend less on market mood and more on U.S. dollar liquidity, according to comments attributed to Arthur Hayes. The core argument is that shifting Federal Reserve liquidity conditions could create a macro backdrop supportive of a crypto rebound….
Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits Bank of America CEO Brian Moynihan warned that interest-bearing stablecoins could pull a large share of money out of the traditional banking system, estimating that as much as $6 trillion in U.S. bank deposits could move into stablecoins. The comments reflect growing…
Coinbase CEO Brian Armstrong says company opposed crypto bill to protect consumers Coinbase CEO Brian Armstrong said the company moved to oppose a major digital assets bill at the last minute after identifying provisions it believed could undermine consumer protection and market competition. Armstrong made the comments in an interview and also addressed the issue…
Coinbase Withdraws Support for Crypto Bill on Eve of Key Senate Vote Coinbase has publicly withdrawn its support for the Senate’s crypto market structure legislation known as the Clarity Act, doing so just days before a key vote on the bill. In a post on X, Coinbase CEO Brian Armstrong said the company “can’t support…
Bank of America CEO says stablecoins could drain trillions in bank deposits Bank of America CEO Brian Moynihan warned that stablecoins could draw a significant share of U.S. bank deposits away from the traditional banking system, depending on how Congress ultimately regulates the sector. Speaking during the bank’s Wednesday earnings call, Moynihan said as much…
Zcash Surges Post-SEC Probe: Is a Fresh Yearly High on the Horizon? Zcash (ZEC) rose sharply after the Zcash Foundation said the U.S. Securities and Exchange Commission (SEC) has formally closed its review of the organization, ending a probe that began more than two years ago. Following the announcement, ZEC surged between 5% and 14%…
Zcash Surges Post-SEC Probe: Is a Fresh Yearly High on the Horizon? Zcash (ZEC) climbed sharply after the Zcash Foundation said the U.S. Securities and Exchange Commission has formally closed its review into the organization, ending a probe that began more than two years ago. Following the announcement, ZEC surged between 5% and 14% across…
Crypto Critics Say Elizabeth Warren’s Clarity Act Tweaks Hand Wall Street the Upper Hand Massachusetts Senator Elizabeth Warren, a long-standing critic of the cryptocurrency industry, is facing fresh pushback from members of the crypto community amid ongoing debate over the Digital Asset Market Clarity Act, often referred to as the Clarity Act. This week, critics…
Strategy, BitMine Rise While Bitcoin Miners Surge—As BTC Inches Towards $100K Shares of crypto-linked public companies moved higher as Bitcoin rallied to its highest level since November, lifting sentiment across the sector. BitMine Immersion Technologies, described as the leading publicly traded Ethereum treasury firm and associated with Tom Lee, rose 4.7% to $32.68. The move…
Bank of America CEO says stablecoins could drain trillions in bank deposits Bank of America CEO Brian Moynihan warned that stablecoins could pull a significant share of U.S. bank deposits out of the traditional banking system, depending on how Congress ultimately regulates the sector. Speaking during the bank’s Wednesday earnings call, Moynihan said as much…
Ripple Locks RLUSD Into LMAX’s $8.2 Trillion Trading Engine Ripple’s push into institutional markets is gaining momentum after its stablecoin, RLUSD, was integrated into LMAX, a major global trading venue that has processed $8.2 trillion in volume. The move places RLUSD inside a multi-asset environment used by professional market participants, highlighting the continued blending of…
Ripple Secures Another Key European License as XRP Rises Ripple has revealed its second European license approval in the last week, marking another regulatory milestone for the crypto payments firm as it pushes further into the region. The company said the latest approval adds to a license disclosed days earlier, underscoring a faster pace of…
Post-quantum crypto startup Project Eleven raises $20 million in funding round Project Eleven, a crypto startup building tools to help blockchains like Bitcoin prepare for post-quantum security, has raised $20 million in a Series A funding round at a $120 million post-money valuation. The company said the round was led by Castle Island Ventures, with…
Strategy, BitMine Rise While Bitcoin Miners Surge—As BTC Inches Towards $100K Shares of crypto-linked public companies moved higher Wednesday, led by treasury-focused firms and benefiting from a renewed rally in bitcoin. BitMine Immersion Technologies, described as the leading publicly traded Ethereum treasury firm, rose 4.7% to $32.68. The move came two days after the company…
CoinDesk 20 Performance Update: Uniswap (UNI) Drops 4.6%, Leading Index Lower The CoinDesk 20 index moved lower during the latest session, weighed down by declines across several major assets. Uniswap (UNI) led the downturn, falling 4.6% and standing out as the weakest performer in the benchmark. Other tokens also posted losses. NEAR and Stellar (XLM)…
