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Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong urged Congress on Thursday to enact laws ensuring fair competition, following the postponement of the cryptocurrency market structure bill.
Armstrong Pushes For Stablecoin Rewards
Speaking to CNBC, Armstrong advocated for a “level playing field” while enacting legislation in Congress.
“This is allowed, this is not allowed. Now, all American companies compete. Try to build the best products and services.” That’s great. What’s not great is if the banks can put their thumb on the scale to try to kill some of their competition,” Armstrong argued.
He emphasized the importance of consumers’ rights to earn 3.8% on…
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Economist Peter Schiff said in an interview aired Thursday that he’d prefer a gold-backed cryptocurrency over Bitcoin (CRYPTO: BTC) during a crisis like the one in Iran.
Schiff Choses Gold Again
Appearing on the Randi Hipper show, Schiff said that if he were to transact anonymously through an app in Iran, given the currency crisis and internet ban, he would choose tokenized gold over Bitcoin.
“I’d rather have a cryptocurrency backed up by real money,” Schiff stated, adding that Bitcoin is backed by nothing.
According to the Bitcoin critic, the best option in Iran would be to use a stablecoin. “There are plenty of those that you could get into. And in fact, the best stable coin,…
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Coinbase Global Inc (NASDAQ:COIN) and Robinhood Markets Inc (NASDAQ:HOOD) slumped on Thursday as fresh turmoil around a long-awaited U.S. crypto market-structure bill rattled investors.
Here’s what investors need to know.
Coinbase, Robinhood Stocks Drop After Armstrong Blasts Draft Bill
Thursday’s sell-off followed Coinbase CEO Brian Armstrong’s announcement that the exchange can no longer support the latest Senate Banking Committee draft.
In a post on X, Armstrong warned the bill would effectively ban tokenized equities, impose sweeping DeFi surveillance, erode the CFTC’s authority in favor of the SEC and “kill” rewards on stablecoins, arguing that no bill is better than what he called…
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U.S. Senate Democrats are reportedly set to reopen talks with representatives from the cryptocurrency industry on Friday, according to people familiar with the plan speaking to CoinDesk.
All this comes less than two days after a last-minute postponement of a key Senate Banking Committee hearing on sweeping digital asset legislation.
The call follows Wednesday night’s abrupt cancellation of the committee’s planned markup of the long-negotiated crypto market structure bill, which had been expected to divide regulatory oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The delay came after…
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Belgium’s second-largest bank, KBC Group, is set to become the first bank in Belgium to allow retail clients to buy and sell crypto.
Starting the week of February 16, private investors will be able to trade Bitcoin through Bolero, KBC’s online investment platform.
The offering will operate within a regulated framework under the European Union’s Markets in Crypto-Assets Regulation (MiCAR), positioning KBC as the first Belgian bank to meet the requirements for providing crypto asset services.
KBC said it has submitted a full Crypto Asset Service Provider (CASP) notification to the relevant supervisory authority, clearing the way for the launch.
The bank framed the…
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Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) both dropped roughly 5%, as DOGE’s record $18.77 million outflow shows institutions selling, while SHIB’s 72% burn rate spike proves supply reduction alone won’t save price.
DOGE Sees Largest Outflow In Months During Price Spike
Dogecoin saw $18.77 million flow out of exchanges yesterday—the biggest single-day withdrawal in months—but it happened while the price was trying to go up.
That’s a red flag. When price rises but money leaves, it means larger players are selling their positions to smaller buyers who are jumping in late.
The buying pressure from retail isn’t strong enough to absorb the selling from institutions.
Benzinga
The Time2Build developer challenge just announced its 2025 winners. It was organized by Breez in collaboration with partners including Tether, Lightspark, Fulgur Ventures, Plan ₿ Network, PlebLab, Geyser, and Draper University. The initiative, which ran from October 7 to November 15, 2025 (with a merge period through December 16), focused on integrating self-custodial Lightning Network payments into existing open-source applications using the Breez SDK.
More than 50 developer communities worldwide participated, resulting in a range of plugins, tools, and integrations designed for long-term use rather than one-off demonstrations. The challenge emphasized practical Bitcoin…
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Bitcoin (CRYPTO: BTC) is staging a massive reversal, prompting widely followed crypto trader DonAlt to predict a squeeze toward $105,000 as he warns shorts are “in deep trouble” after getting trapped above $92,000.
The Bitcoin Setup: A Classic Bear Trap
DonAlt argues that Bitcoin’s recent price action—breaking down below support only to aggressively reclaim the range—is one of the most reliable bullish signals in trading.
Bitcoin looked “dead” when it lost the $92,000 level, enticing traders to open short positions. By pushing back above that breakdown level, bulls have trapped those shorts in losing positions.
“If you are shorting here, you are in deep trouble,” DonAlt…
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XRP (CRYPTO: XRP) is testing $2.13 after four consecutive rejections at a key resistance line, but Ripple’s $150 million deal with LMAX Group and $1.26 billion in ETF inflows are setting up a potential breakout to $3.
Four Rejections Mark The Resistance
XRP has tried to break above a descending trendline four times since July’s $3.60 peak—and failed every single time.
The rejections came in August, September, October, and most recently in early January. Each attempt met with strong selling pressure at the same technical level.
Right now, XRP is caught between two important price zones. Support sits at $1.95, which has held firm through three separate tests.
Resistance clusters between…
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