Tag: Market

Crypto Industry Splits Over CLARITY Act Market Structure Bill

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A division appears to be forming among crypto industry executives regarding the market structure bill, with crypto giants such as Coinbase pulling support, but others stating that any regulation is better than none. “Crypto builders need clear rules of the road,” said Chris Dixon, managing partner at a16z Crypto on Thursday. He added that over the past five years, Republicans, Democrats, and the Trump Administration “have worked closely with members across the crypto industry to protect decentralization, support developers, and give entrepreneurs a fair shot … at its core, this…

US Senator Hints Crypto Market Structure Bill May Be Delayed

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The debate over DeFi and stablecoin reward provisions in the CLARITY Act is at risk of holding the bill back as banking and crypto stakeholders push competing agendas. US Senator Cynthia Lummis reportedly expects the US Senate Banking Committee to delay its hearing on crypto market structure legislation after Coinbase withdrew support for the bill. There were already some murmurs of a CLARITY Act Senate markup delay on Wednesday, which were heightened following an X post from Bloomberg reporter Steven Dennis on Wednesday night, stating: “Lummis tells me her recommendation…

Coinbase Withdraws Support For Crypto Market Structure Bill

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Update (Jan. 15, 2:32 am UTC): This article has been updated to include additional commentary from Coinbase chief policy officer Faryar Shirzad. Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form. “This version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better…

Market Structure Bill Doesn‘t ‘Serve Industry Interests‘

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Cryptocurrency industry leaders, US lawmakers and experts are weighing in on a digital asset market structure bill set for a markup in the Senate Banking Committee on Thursday, and each group has voiced different views about whether to support or oppose certain aspects of the legislation. In a Tuesday notice, Republicans on the Banking Committee, led by Senator Tim Scott, released a “myth vs. fact” sheet on the market structure bill, called the CLARITY Act. According to lawmakers in majority control of Congress, it was a “myth” that the legislation…

Ethereum Price Strengthens Amid Shifts in Crypto Market

Key Notes Ethereum price gains attention amid BTC dominance shift, signaling likely altcoin breakout. Rising network transactions and steady ETF inflows point to growing demand beyond short-term trading. Technical patterns and strong DeFi activity keep Ethereum in focus in the coming rally. Ethereum’s ETH $3 354 24h volatility: 6.7% Market cap: $405.43 B Vol. 24h: $37.02 B price is slowly moving back into focus after years of trailing Bitcoin BTC $96 898 24h volatility: 4.8% Market cap: $1.93 T Vol. 24h: $65.86 B . New market data is showing early…

Tokenized Gold Market Surges 177% as RWA Growth Accelerates in 2025

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Tokenized gold emerged as one of crypto’s fastest-growing asset classes in 2025, accounting for roughly a quarter of all net growth in real-world assets (RWAs). The market capitalization of tokenized gold jumped 177% over the past year, while the number of holders nearly tripled, with more than 115,000 new wallets added during the year, outpacing most other RWA categories, according to data accumulated by Cex.io. The tokenized gold market added close to $2.8 billion in net value in 2025, expanding from about $1.6 billion to $4.4 billion, per the report.…

Backpack Exchange Launches Margin-Based Prediction Market

Key Notes Backpack launches an invite-only margin-based prediction market for active traders. Unified Prediction Portfolio lets traders use one account for bets, futures, and spot positions. Cross-margining reduces locked capital, letting users act on insights more efficiently. Backpack Exchange has launched a private beta of its new margin-based prediction market. This will allow traders to place bets on digital assets and financial outcomes while using the same capital across multiple products. The feature is available to select active traders only. Backpack Prediction Market Features Backpack Exchange has launched the Unified…

Backpack Exchange Launches Unified Prediction Market Beta

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Backpack, a cryptocurrency exchange founded by former employees of Alameda Research and the defunct FTX, is entering prediction markets with an ambitious plan to unify balances from different types of trading. The exchange has launched private beta testing for its new platform, called the Unified Prediction Portfolio, Backpack CEO Armani Ferrante said in a post on X on Tuesday. “This isn’t yet another wrapper over Kalshi, Polymarket, or any other prediction market platform,” Ferrante wrote, describing the upcoming market as a “native system with everything tokenized and risk profiled, together.”…

Crypto Market Structure Bill Rulemaking May Take Years to Complete

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Rulemaking involves individual regulators and agencies fleshing out the details of a law passed by legislators. It can include publishing proposed rules and seeking public comment. It could take many years for the crypto market structure bill to be implemented due to a lengthy rulemaking process, according to Paradigm’s vice president of regulatory affairs, Justin Slaughter. The market structure bill has advanced to the Senate committee stage with bipartisan text and ongoing negotiations. It’s set for a markup with the Senate Banking Committee on Thursday, while the Senate Agriculture Committee…

Industry Reacts to Market Structure Provisions on Stablecoin Rewards

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As US senators prepare to mark up a major crypto market structure bill this week, industry leaders are weighing in on proposed changes that could shape whether stablecoin holders can earn interest and rewards. According to an amended draft of the Digital Asset Market Clarity Act released on Monday, the bill states that “a digital asset service provider may not pay any form of interest or yield […] solely in connection with the holding of a payment stablecoin,” effectively barring passive, deposit-like returns on stablecoin balances. The draft leaves room…