Coinbase Snubs Senate Crypto Bill, But Brian Armstrong Might Still Want A Compromise – Coinbase Global (NASDAQ:COIN)

Coinbase Global Inc. (NASDAQ:COIN) is pulling back its support for a major U.S. crypto market structure bill, but HSBC Holdings (NYSE:HSBC) analysts say the legislation isn’t dead yet.

No Bill Or Compromise Bill?

HSBC says a “reasonable compromise” is still on the table despite CEO Brian Armstrong’s “no bill is better than a bad bill” stance.

The bank argues that legislative clarity is the only way to unlock massive institutional adoption from hedge funds and corporations, CoinDesk reported on Thursday.

The bill aims to end the SEC’s aggressive tactics by clearly defining where the SEC ends and the Commodity Futures Trading Commission’s (CFTC) begins.

Analysts expect incremental wins…

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Crypto Market Structure Bill Passes Through Senate Committee

In a narrowly divided party-line vote, The U.S. Senate Agriculture Committee advanced its version of crypto market legislation in a 12-11 vote Thursday, marking a milestone in congressional efforts to finally legislate comprehensive crypto market structure rules. 

All Democrats on the committee opposed the motion, citing substantive disagreements over ethics provisions, consumer protections, and the independence of the Commodity Futures Trading Commission (CFTC).

Chairman Sen. John Boozman (R-Ark.) opened the markup by touting months of negotiations and “substantive, cordial conversations,” but acknowledged that “fundamental policy disagreements” remain.

“Now…

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How The Second Trump Administration Is Changing Crypto—For Good

President Donald Trump’s crypto ventures have added roughly $1 billion to his net worth, a new report claims, all the while the SEC has dropped lawsuits against Coinbase Global Inc. (NASDAQ:COIN), Binance (CRYPTO: BNB), and Kraken.

The Trump Crypto Empire Breakdown

Trump’s family now controls a massive crypto portfolio built on meme coins, stablecoins, and a pending federally regulated bank application according to a new Politico report.

Adding to the portfolio, Trump Media & Technology Group (NASDAQ:DJT), where Trump is the largest shareholder, announced plans to stockpile crypto tokens last year.

But the biggest move is World Liberty Financial (CRYPTO: WLFI). 

The Trump-backed venture…

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Bitcoin, Ethereum Perform Terrible Compared To Gold, Silver—And That’s Totally Ok

In the current market environment, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have notably lagged behind other risk assets like equities and precious metals.

Crypto analyst Garrett Bullish attributes this underperformance to three primary factors:

The lingering effects of a deleveraging cycle

Unique market micro-structure issues

Potential manipulation by speculative entities
Crypto’s “Ghost Town” Effect: Deleveraging and Retail Exhaustion

The crypto market is suffering from a “deleveraging hangover” that began in October, the analyst noted in an article published on X on Thursday.

This flush wiped out a significant portion of speculative capital, particularly hitting…

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Bitcoin Price Crashes 6% To $84,000 In Sharp Sell-Off

Bitcoin price fell sharply this morning, sliding to lows in the $84,000 range and extending a swift reversal from recent 24-hour highs above $90,000, as macro uncertainty and fragile market structure reasserted control.

The bitcoin price dropped to as low as $84,416, down roughly 6% over the past 24 hours if accounting for daily highs, according to Bitcoin Magazine Pro data.

The move came less than a day after bitcoin traded as high as $90,400, marking a rapid round-trip that underscored heightened volatility around this week’s Federal Reserve meeting.

Daily trading volume climbed to roughly $48 billion as the selloff accelerated, suggesting forced liquidations and…

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SEC Chair Atkins Says ‘The Time Is Right’ For 401(k) Crypto Access, But Tokenized Stocks Are A Different Matter

SEC Chair Paul Atkins on Wednesday opened the door to crypto in $12.5 trillion worth of 401(k) retirement accounts but simultaneously issued new guidance on the synthetic tokenized stock market, requiring issuer approval for legitimate equity tokens.

The 401(k) Crypto Green Light

Atkins told CNBC the “time is right” to allow crypto exposure in 401(k) plans, noting millions of Americans already hold digital assets through professionally managed pension funds.

The structure matters. In pension funds, professional managers decide which assets make it into portfolios. 

The SEC wants that same framework for 401(k)s—trustees and fund managers control what gets included, not individual…

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Metaplanet Raises $137 Million To Buy Bitcoin And Pay Debts

Metaplanet, the Tokyo-listed bitcoin treasury company, plans to raise up to 21 billion yen ($137 million) through a new share and warrant issuance as it doubles down on its strategy of accumulating bitcoin while reducing leverage.

The company said it will raise the funds via a third-party allotment of new common shares and stock acquisition rights placed directly with select investors, rather than through a public offering.

Under the plan, Metaplanet will issue 24.53 million new common shares priced at 499 yen per share — roughly 5% above the prior closing price — generating approximately 12.24 billion yen in upfront proceeds. 

The firm’s shares closed at 456 yen, down…

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Metaplanet Shares Slide 3.5% After $127M Bitcoin-Focused Capital Raise – Metaplanet (OTC:MTPLF)

Metaplanet Inc. (OTC:MTPLF) has approved a $127 million capital raise through a third-party allotment by issuing new shares to buy more Bitcoin (CRYPTO: BTC), but the stock is down by 3.5%

The Capital Raise Structure

Metaplanet is issuing 24.53 million new common shares at ¥499 per share through a third-party allotment, raising approximately ¥12.24 billion ($127 million) with settlement scheduled for February 13.

The company also issued 159,440 warrants (called Stock Acquisition Rights in Japan) priced at ¥523 each with an exercise price of ¥547 per share. 

If exercised, the warrants generate an additional ¥8.8 billion and add 15.94 million shares.

The total potential dilution: 3.54%…

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Russia To Roll Out Bitcoin, Crypto Rules In July

Russia is preparing to introduce its first comprehensive regulatory framework for crypto like Bitcoin, with lawmakers aiming to finalize the draft for a parliamentary vote by the end of June, according to local media reports.

Anatoly Aksakov, head of the State Duma Committee on the Financial Market, said that the long-anticipated rules could be approved as early as this summer. 

If passed, the framework would formally take effect one year later, opening regulated bitcoin and crypto trading to both qualified and non-qualified investors beginning July 1, 2027.

Under the proposed regime, retail investors would be allowed to participate in the crypto market, though with…

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UAE Follows Tether, Fidelity With Central Bank-Approved Stablecoin Launch – Circle Internet Group (NYSE:CRCL)

Universal Digital Intl Limited on Thursday launched USDU, the UAE’s first central bank-approved stablecoin that puts it in direct competition with Circle’s (NYSE:CRCL) USDC (CRYPTO: USDC).

How USDU Works

This make Universal Digital the first company registered by the Central Bank of the UAE to issue a Foreign Payment Token, The Block reported. 

USDU is backed by dollars held in reserve at major UAE banks, such as Emirates NBD, Mbank, and Mashreq.

USDC issuer Circle has a license from Abu Dhabi Global Market in December to operate as a money services provider and plans to expand payment services to drive USDC adoption across the UAE and Middle East.

Circle’s license differs from…

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