Coinbase exec warns Senate stablecoin misstep could hand China global edge
A Coinbase executive said changes to the GENIUS Act could weaken US dollar stablecoins as China moves to boost the digital yuan by allowing interest-bearing wallets.
Arturo Sutter
Ethereum L1 transactions hit 2.2M a day; each costs about 17 cents
Ethereum transactions were the most costly in May 2022 when fees were over $200 per transaction on average. They have been declining since.
Uganda opposition leader promotes Bitchat amid fears of internet blackout
Google Trends search for “Bitchat” in Uganda shows a spike from 0 to 100 on Wednesday, the day after opposition leader Bobi Wine urged people to download it.
Bitcoin long-term hodlers finally halt selloff as ETH whales accumulate
Bitcoin selling pressure from long time hodlers is finally abating and Ether whales are adding to their holdings. Markets remain bearish, however.
Iranian protests over currency collapse show why Bitcoin’s needed: Bitwise CEO
Widespread protests took place in Iran’s capital after the rial slid to record lows, prompting Bitwise CEO Hunter Horsley to argue Bitcoin could help Iranians protect their…
Rep Waters demands SEC oversight hearing about its approach to crypto
Democrat Maxine Waters demands an SEC oversight hearing after the agency dropped major cases against Coinbase, Binance, and other crypto firms.
Chinese users turn to ‘U cards’ to get around crypto rules: Asia Express
Viral “U cards” are quietly onboarding Chinese users to crypto, and the digital yuan can now earn depositors interest at banks. Asia Express. Stablecoins are finding an…
ETH validator entry queue is suddenly almost double the exit queue
Digital asset treasury companies such as Tom Lee’s BitMine have contributed to the increase in the entry queue, but the network’s Petcra upgrade may have also helped.
Silver’s wild 6% price spike and 10% plunge mirrors crypto volatility
Silver’s recent price surge mirrors Bitcoin’s trademark volatility. The precious metal is swinging wildly on rate cut bets and shifting industrial demand.
Bitcoin helps USD’s reserve status ‘in a strange way’: Coinbase CEO
Bitcoin is helping reinforce the US dollar’s reserve currency status by acting as a market check on excessive inflation and deficit spending, Coinbase CEO Brian Armstrong said.