Coinbase Rejects Major Crypto Bill Proposal
Provisions on decentralized finance, SEC jurisdiction, and stablecoin yield in a major crypto bill have raised concerns among industry players, including @Coinbase. #Update #Crypto $USDC
CoinDesk.com is a prominent platform delivering essential news, market updates, and in-depth analysis on cryptocurrencies and blockchain technology. At Voted.News, we transform CoinDesk’s extensive coverage into concise, easy-to-read digests—enabling readers to keep pace with evolving market trends, regulatory shifts, and technological innovations effortlessly. Discover the best of CoinDesk.com at Voted.News, where clarity meets credibility.
Provisions on decentralized finance, SEC jurisdiction, and stablecoin yield in a major crypto bill have raised concerns among industry players, including @Coinbase. #Update #Crypto $USDC
Institutions are shifting focus to Bitcoin, with a notable $1.2 billion inflow into Bitcoin ETFs signaling bullish sentiment, moving away from complex arbitrage strategies. #Update #Crypto $BTC
Animoca’s Yat Siu states that the political influence on crypto is waning, with future developments driven by infrastructure and user adoption rather than personalities. #Update #Crypto
Large bitcoin holders, termed the Fish-to-Shark cohort, accumulated 110,000 $BTC in the past 30 days, marking the highest buying activity since the FTX collapse of 2022. #Update #Crypto $BTC
@Fidelity states that integration with Wall Street will drive a significant transformation in global finance, potentially impacting various cryptocurrencies. #Update #Crypto
Bitcoin could reach $180,000 and stablecoins may soar by 2026, according to investor Dan Tapiero, founder of 50T Funds, who cites real-world adoption as a key factor. #Update #Crypto $BTC
It would be a mistake to view the current high APYs in stablecoins as sustainable, warns @RonTarter, CEO of MNEE, indicating this is just a promotional phase. #Update #Crypto
@PolygonLabs disputes reports of a 30% workforce reduction, clarifying that recent changes stem from role overlaps due to acquisitions, while its headcount remains unchanged. #Update #Crypto $MATIC
The cryptocurrency market structure bill faces challenges but remains under consideration, impacting the overall regulatory landscape. #Update #Crypto
@SteaknShake has purchased $10 million in bitcoin, claiming that accepting crypto payments has created a “self-reinforcing cycle” funding upgrades and improvements. #Update #Crypto $BTC
Cathie Wood highlights that Bitcoin’s weak price correlations with stocks, bonds, and gold make it a promising diversification tool for investors seeking higher returns. #Update #Crypto $BTC
@Coinbase CEO Brian Armstrong stated the White House has been supportive amid rumors of a threat to withdraw backing for a crypto bill. #Update #Crypto
Auros’ Jason Atkins warns that declining market depth, rather than hype, will shape the future of crypto ahead of Consensus Hong Kong. #Update #Crypto
After stablecoins established their market viability, crypto leaders anticipate that by 2026, banks and asset managers will significantly integrate tokenized assets into mainstream markets. #Update #Crypto