Coinbase faces intense competition from Binance, while the CLARITY Act remains stalled in the Senate amid FED interest rate hikes affecting crypto.

The entities involved

• Coinbase →

  American company that operates a cryptocurrency exchange platform

  • Central Bank of Ireland fined Coinbase for oversight failures related to its operations in Ireland.Thu 19:02
  • Webull is rolling out Bitcoin perpetual futures targeting US retail users, with Coinbase among the initial approvals.Thu 10:38
• Binance →

  cryptocurrency exchange

  • Binance is offering tokenized assets on the Ethereum network, while Robinhood is simultaneously enabling tokenized stock trading.21:43
  • Trump earned $1.4B from crypto ventures, while Binance was linked to an Abu Dhabi fund, amid new Indian tax regimes.18:38
• FED →

  business

  • A peace deal is discussed, with terms constraining Israel's objectives and aiming to reopen the Strait of Hormuz.22:10
  • Retaliation following U.S. strikes has led to the effective closure of the Strait of Hormuz, impacting the global economy.21:18

Related events

• Binance commented on US regulatory gaps while the Senate failed to pass the CLARITY Act, alongside US gains at Bretton Woods.Mon 05:09
• Pending U.S. crypto legislation involving Coinbase.Jul 29
• Fed Chair spoke at IMF meetings, leading to downward repricing of rate hike expectations and supporting crypto sentiment.Oct 16
• Coinbase awaits clearer rules from the SEC as Chair Paul Atkins pushes innovation exemptions for tokenized assets, with Nasdaq building supporting platforms.Aug 14
• The crypto market is experiencing a rally, boosting related stocks as major firms like BlackRock remain involved in Bitcoin funds under SEC oversight.Sep 21