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White House Sets July 4 Target for Landmark Clarity Act Crypto Regulation Bill

White House Sets July 4 Target for Landmark Clarity Act Crypto Regulation Bill

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White House targets July 4 passage of the Clarity Act for broad U.S. crypto market structure legislation. Senate Banking Committee markup planned for May, with floor action in June to allow House reconciliation. Stablecoin yield compromise deemed closed; ethics provisions under discussion to address conflicts of interest. Bill would clarify CFTC vs. SEC jurisdiction, exempt compliant digital asset sales, and include safeguards...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

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Coinbase to cut roughly 700 jobs, representing 14% of its workforce of about 4,900-5,000 employees. CEO Brian Armstrong cites converging forces of market downturn and AI advancements changing workflows. Company moving to flatter organization with no pure managers, player-coach leaders, and smaller AI-native teams. Restructuring costs estimated at $50-60 million, expected to complete in Q2 2026. Crypto exchange Coinbase...

Cryptocurrencies, Exchanges, Front page, News

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Western Union Launches USDPT Stablecoin on Solana for 24-7 Global Settlements

Western Union Launches USDPT Stablecoin on Solana for 24/7 Global Settlements

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Western Union launched USDPT, a U.S. dollar-denominated payment stablecoin fully backed by USD and issued by Anchorage Digital Bank on the Solana blockchain. The token targets 24/7 treasury management and agent settlements, initially rolling out in the Philippines and Bolivia. Fireblocks provides the underlying wallet, settlement, and operations infrastructure; plans include broader exchange availability and consumer access via...

Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

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Kraken Parent Payward Completes Bitnomial Acquisition

Kraken Parent Payward Completes Bitnomial Acquisition

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Payward completes acquisition of Bitnomial, unlocking CFTC-regulated derivatives on Kraken and NinjaTrader platforms. Deal provides full suite of licenses: Futures Commission Merchant, Designated Contract Market, and Derivatives Clearing Organization. Rollout begins with spot margin services, followed by perpetuals and options for eligible U.S. users. Payward, the parent company of cryptocurrency exchange Kraken, has...

Cryptocurrencies, Exchanges, Front page, News, Trading

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Tether Posts .04 Billion Q1 Profit

Tether Posts $1.04 Billion Q1 Profit

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Profit milestone: Tether generated $1.04 billion in net profit for Q1 2026 ending March 31. Reserve record: Excess reserves climbed to $8.23 billion, an all-time high. Asset breakdown: Total assets reached approximately $192 billion against $183.5 billion in liabilities, primarily from ~183 billion USDT in circulation. Key holdings: Reserves include $141 billion in U.S. Treasuries, $20 billion in physical gold, and $7 billion in...

Bitcoin, Cryptocurrencies, Front page, News, Stablecoins

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