US Senator questions Mark Zuckerberg on Meta’s stablecoin plans
Elizabeth Warren asked the Meta CEO to provide details on a stablecoin integration to the platform, a week after a small rollout to creators in Colombia and the Philippines....
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Coinbase rebounds as altcoins surge with bitcoin holding above $80,000
Bitcoin held above $80,000 Friday as altcoins surged, with ICP, NEAR, and UNI leading gains. Coinbase rebounded 10% from session lows despite Thursday's earnings miss. SEC Chair Paul Atkins signaled support for onchain trading and blockchain settlement rules, bolstering sentiment around tokenization infrastructure. Strong U.S. labor data and record equity highs fueled risk appetite across crypto markets.
Kraken parent company applies for OCC charter in move toward banking
Payward, Kraken's parent company, applied for an OCC national trust company charter to provide digital asset custody services. The approval would make Kraken one of few crypto firms operating with banking infrastructure, following similar approvals for Coinbase, Ripple, BitGo, Circle, and Paxos. Kraken also plans an IPO by 2027 and recently acquired derivative trading platform Bitnomial.
Bitcoin profit-taking may 'accelerate' as price hits 3-month high: Analyst
Bitcoin hit three-month highs with holders realizing $1.1 billion in profits Monday, the highest single day since December. CryptoQuant analyst Julio Moreno warns profit-taking may accelerate as short-term holders lock gains. Despite strong ETF inflows, Bitcoin remains in bear market territory with demand lagging. Analysts split on whether BTC has bottomed, with forecasts ranging from $57,000 to potential $100,000 recovery in 2026.