The move strengthens USDC’s position as a core liquidity layer for decentralized trading and broader on chain capital markets.

Why It Matters

In a May 13 blog post, Coinbase said concentrating liquidity around USDC improves market efficiency by reducing the need for stablecoin conversions while enabling faster capital movement across trading venues.

The company also framed the integration as part of a broader push toward 24/7 on chain capital markets powered by stablecoin infrastructure.

Coinbase will now have the rights to acquire USDH brand assets. Also, USDH remains fully backed during the transition period, with users still able to redeem into USDC or fiat without fees.

The Bigger Picture

Benzinga

Bitcoin climbed back above $81,000 after the Senate Banking committee advanced the Clarity Act, helping boost optimism around improving crypto regulation and institutional adoption.

Notable Statistics:

Coinglass data shows 179,931 traders were liquidated in the past 24 hours for $674.74 million.       

SoSoValue data shows net inflows of $440.7 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net inflows of $69.05 million.

In the past 24 hours, top losers include (CRYPTO: ), (CRYPTO: ) and (CRYPTO: ).

Notable Developments:

Trader Notes:

Crypto trader Jelle said Bitcoin bulls are actively defending key support while pushing price back toward the important…

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The CLARITY Act cleared the Senate Banking Committee 15-9 Thursday, sending crypto stocks and tokens surging.

Democrats Split On Crypto Bill

The vote received bipartisan support, with Democratic Senators Ruben Gallego (D-AZ) and Angela Alsobrooks (D-MD) breaking ranks to vote in favor alongside all Republican committee members.

Angela Alsobrooks clarified that she would not support the bill on the Senate floor unless lawmakers address the remaining issues.

She emphasized her nine months of negotiations working toward regulating digital assets in a way that protects consumers and reduces deposit flight risk.

“In recognition of that good faith, I have voted yes to advance the bill today,”…

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Bitcoin (CRYPTO: BTC) may have already bottomed for this cycle, according to Morgan Creek Capital founder Mark Yusko.

He argues global money printing, weakening fiat purchasing power and excessive leverage in traditional markets continue strengthening the long-term bullish case for crypto.

ETF Outflows Not Main Concern

Speaking in an interview with Scott Melker on May 14, Yusko warned that the real risk for markets now sits inside overleveraged AI and equity speculation rather than Bitcoin itself.

Yusko argued Wednesday’s $630 million Bitcoin ETF outflow day likely reflected institutional arbitrage positioning rather than genuine investor panic.

According to Yusko, many large ETF flows come…

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Warren’s Epstein Amendment Fails

Warren proposed an amendment calling for federal bank regulators to release bank supervisory information about Jeffrey Epstein’s activities.

“Jeffrey Epstein was an early backer of crypto,” Warren stated on the Senate floor. “He poured millions of dollars into Coinbase, one of the biggest benefactors of this bill, if it becomes law. Epstein recognized crypto’s potential as a tool to covertly facilitate illicit payments,” she added.

The Massachusetts senator argued the amendment would share sunlight on what bank supervisors knew and what banks might have known about Epstein’s activities.

Sen. Cynthia Lummis (R-Wyo.) quickly countered that…

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Bitcoin (CRYPTO: BTC) ETFs posted $635.2 million in outflows Wednesday, but Thursday price action could nullify analysts’s warnings about a drop to $70,000.

Biggest Daily Outflow Since Late January

The fresh outflows mark the largest daily Bitcoin ETF withdrawal since January 29, when the funds posted about $818 million in losses. 

Weekly outflows now stand at $841.2 million, putting ETFs on track for their first week of net losses after six consecutive weeks of gains totaling around $3.4 billion.

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led losses with roughly $285 million in outflows. 

Additionally, Morgan Stanley’s Bitcoin Trust ETF (NASDAQ:MSBT) posted no outflows Wednesday…

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Cardone’s Strategy – Real Estate + Bitcoin

Speaking at Consensus, Cardone outlined his strategy of combining distressed real estate acquisitions with Bitcoin purchases, describing the model to merge steady cash flow with Bitcoin upside.

His solution is to buy discounted real estate during the current commercial property downturn and pair it with Bitcoin accumulation.

According to Cardone, combining the two assets creates a “real estate-Bitcoin hybrid” designed to outperform traditional property investments alone.

Cardone On Michael Saylor And Strategy

“Just get the Bitcoin, dude. You don’t even want the real estate,” Cardone recalled Strategy Inc. (NASDAQ:MSTR) Executive Chairman…

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