Market reshaped by FTX/Binance fallout, Coinbase product changes, and AMD stock slides amid FED policy shifts.

The entities involved

• Bitcoin →

  digital cash system and associated currency

  • Both Bitcoin and Ethereum face exposure risks from quantum attacks.18:09
  • Glassnode reported on Bitcoin's exposure to quantum risks.18:09
• FED →

  business

  • Anthropic's revenue projections are influencing chipmaker valuations, while CoreWeave's stock gains and FED policy weigh on the market.18:59
  • Growing prospects of a Federal Reserve rate hike are being discussed, driven by the strength of the dollar index.18:58
• Coinbase →

  American company that operates a cryptocurrency exchange platform

  • The Office of the Comptroller of the Currency is actively involved in the regulatory landscape of crypto firms, challenging and granting national trust bank charters for crypto activities.18:10
  • Coinbase distributes USDC, a stablecoin from Circle, and shares in its economics.15:55

Related events

• Coinbase faces intense competition from Binance, while the CLARITY Act remains stalled in the Senate amid FED interest rate hikes affecting crypto.Jul 27
• Hawkish Fed actions are leading to the unwinding of a debasement trade, impacting Bitcoin and Binance.Jun 27
• Coinbase is listed on Nasdaq, while Circle's USDC funds a quarter of Coinbase's revenue. The Senate failed to pass the CLARITY Act, amidst FED rate impacts.Sep 20
• FED Governor Christopher Waller discussed how rate policy affects crypto risk assets and overall market appetite.Sep 5