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BTC $67,223.48 +5.79%
ETH $2,006.14 +8.11%
BNB $625.17 +5.29%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $452.45 +1.41%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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Coinbase's Chief Policy Officer Responds to "White House Agreement Goals May Fall Through": Has Committed to Multiple Potential Compromise Solutions on Stablecoin Yield Issues

Coinbase Chief Policy Officer Faryar Shirzad posted on the X platform in response to "the White House's agreement goals may fall short." He stated that Coinbase and the company's CEO Brian Armstrong have been involved in negotiations for months and have committed to several potential compromise solutions. Coinbase's core goal has always been to protect the interests of the GENIUS Act and the general American public. He also thanked Patrick Witt, Executive Director of the President's Digital Asset Advisory Council, for his efforts in pushing for problem resolution and looks forward to the smooth implementation of the President's crypto agenda.According to senior journalist Sander Lutz from crypto media Decrypt, the White House originally hoped to reach an agreement on stablecoin yield issues before the weekend, but a banking industry insider directly involved in the negotiations stated that this goal would not be achieved. The current divide between the crypto industry and banking lobbyists regarding whether stablecoins should generate yield remains significant. This controversy has become a major obstacle to advancing the crypto market structure bill and directly points to Coinbase CEO's insistence that stablecoins should be able to generate yield for users.According to previous reports from ChainCatcher, David Sacks, the White House's crypto and AI director, stated that the crypto industry has made significant concessions regarding stablecoin yields, and banks should respond accordingly.

CryptoQuant: Coinbase premium turning positive releases signals of recovering demand in the U.S

CryptoQuant analyst Darkfost disclosed that the "Coinbase Premium Gap," which measures the price difference between Coinbase Advanced and Binance, has recently turned positive again, indicating initial signs of a recovery in professional capital demand in the U.S. market. Data shows that this is the third time this year that the indicator has returned to positive territory, with the current premium at approximately $10.18, which remains relatively mild overall.Analysts believe that a positive premium is typically seen as a signal of increased buying from U.S. institutions and professional investors. The report points out that the user base of Coinbase Advanced is more inclined towards professional and institutional participants, while Binance has a broader retail user base globally and holds a significant share of overall market liquidity. Therefore, changes in the price difference between the two are often used as an important indicator to observe the flow of U.S. capital.Since Bitcoin entered a more pronounced correction phase on February 4, this premium gap has been continuously repairing and recently turned positive again. However, analysts emphasize that this signal is still preliminary, reflecting a cautious market sentiment, and the possibility of turning negative again in the short term cannot be ruled out. Overall, the current price level is gradually becoming attractive to professional capital, but to confirm a trend reversal, further observation of the continued expansion of the premium and changes in capital behavior is still needed.
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