Bitcoin price chart on a trading monitor with a downward trend, indicating market volatility
Bitcoin News

Bitcoin’s Coinbase premium hits six-week low, but longer-term demand shows signs of stabilization

Bitcoin’s price metric closely watched by bullish traders, the Coinbase Premium Index, fell to a six-week low on May 19, reflecting a wave of profit-taking that saw holders realize $1.14 billion in daily gains. However, beneath the surface, longer-term demand signals suggest the market may be stabilizing rather than entering a sustained downturn. Coinbase Premium […]

US Capitol building on a sunny morning, representing the CLARITY Act legislative markup.
Bitcoin News

CLARITY Act Advances: Senate Markup Scheduled for May 14

The US CLARITY Act, a legislative effort to provide clearer rules for the cryptocurrency industry, is scheduled for a markup vote before the Senate Banking Committee on Thursday, May 14. Senate Banking Committee chair Tim Scott confirmed the date on Friday, prompting a wave of reactions from industry leaders who have been awaiting progress on […]

US Senate committee hearing room with a smartphone showing a crypto exchange app in the foreground
Bitcoin News

Coinbase, Kraken, Gemini pushed to weaken token listing rules in US Senate bill, report says

Three of the largest US-based cryptocurrency exchanges — Coinbase, Kraken, and Gemini — successfully lobbied US senators to remove a key provision from a digital asset market structure bill that would have required platforms to only offer trading on tokens “not readily susceptible to manipulation,” according to a report published Friday by Politico. Behind the […]