Open USD Launch Sends Circle Stock Down 17%
A 140-firm consortium unveiled Open USD on June 30, 2026, and Circle’s stock dropped 17.5% to $62.63 by the following day. That single price move tells you everything about what markets think is at...
Tagged: Coinbase
Coinbase Launches 21 Products in ‘Everything Exchange’ Bid
Coinbase dropped 21 products at once on Tuesday, announcing tokenized stocks, an SEC-registered AI advisor, Bitcoin-backed mortgages, and unified global derivatives liquidity in a single release it branded a “System Update.” The breadth is...
US Crypto Tax Bills Stall Amid Bipartisan Rift
A House Ways and Means Committee hearing on June 9 exposed unresolved divisions over seven crypto tax bills, casting doubt on whether any legislation can advance before the current congressional session closes at year-end....
Coinbase, Ethena, and Mastercard Reshape Settlement
Coinbase made two strategic infrastructure bets this week: an open-market purchase of ENA tokens ahead of an Ethena savings product launch, and an investment in ProShares’ GENIUS Money Market ETF. Those moves landed alongside...
CFTC Clears Crypto Perps for US Markets
On May 29, 2026, the CFTC approved the first Bitcoin perpetual futures contract on a US-registered exchange and granted Coinbase a no-action position to route domestic clients to offshore perps markets. The two actions...
CLARITY Act Crisis: Dimon Fights, Lummis Warns 2030
JPMorgan CEO Jamie Dimon declared open war on the CLARITY Act Friday, vowing banks will “fight” the bill while Senator Cynthia Lummis warned that failure means waiting until 2030. The clash lands as the...
CLARITY Act Clears Senate Banking Committee as Warsh Takes the Fed
The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14, advancing the most consequential piece of U.S. crypto legislation in years to the full Senate floor. The vote came hours...
Senate Banking Committee Sets May 14 CLARITY Act Markup as Lobbying Intensifies
Senate Banking Committee Chair Tim Scott confirmed on May 9 that the panel will hold its markup session for the Digital Asset Market Clarity Act of 2025 on May 14 at 10:30 a.m. EST,...
AWS, Coinbase, and Stripe Launch USDC Payment Rails for AI Agents
Amazon Web Services, Coinbase, and Stripe have jointly launched Amazon Bedrock AgentCore Payments, a purpose-built infrastructure layer that lets autonomous AI agents transact using USDC stablecoins across blockchain networks including Base and Solana. The...
Coinbase’s Double Crisis: $394M Loss and AWS Outage Hit at Once
Coinbase posted a $394.1 million net loss in Q1 2026 and suffered a two-hour trading outage triggered by an AWS data center failure the following morning, delivering back-to-back shocks to investor confidence. The earnings...