Coinbase Product Expansion, Crypto Regulation, and Market Movements
The cryptocurrency market showed mixed performance, with Bitcoin up 0.3% at $87,400 and Ethereum down 2% at $2,870. Coinbase announced new products, including prediction markets, stock trading, equity perps, AI advisors, borrowing, and DEX integration. Senators proposed the SAFE Crypto Act to combat crypto scams. The DTCC will issue tokenized securities on the Canton Network, starting with tokenized U.S. Treasuries. Former Alameda CEO Caroline Ellison left federal prison to serve the rest of her sentence in another facility or home confinement. Acting CFTC Chair Caroline Pham joined MoonPay as its chief legal and administrative officer. Circle announced its ARC Builders Fund to support early-stage teams building on ARC.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.