Coinbase Is Lobbying to Stall Stablecoin Bills in Congress—Here's Why

Metaplanet Inc. has reached halfway in its goal to hold 10,000 Bitcoins by acquiring an additional 145 BTC for $13.6 million. With a total of 5,000 BTC valued at approximately $428 million, the company aims to become a leading Bitcoin holder globally.

The SEC's second crypto policy roundtable will focus on crypto asset custody rules and regulatory gaps, featuring panels on "Custody Through Broker-Dealers and Beyond" and "Investment Adviser and Investment Company Custody." The event aims to gather input and discuss policy options for digital asset regulation.

The FBI's 2024 annual report highlights a concerning trend where Americans aged 60 and older are disproportionately targeted by crypto fraud, with losses reaching over $9.3 billion. This demographic reported an average loss of $83,000 per victim, significantly higher than the overall average.

SOL Strategies has secured a $500 million convertible note to purchase Solana, becoming the largest financing facility in the Solana ecosystem tied to staking yield. The company's stock price surged by nearly 25% following the announcement, reflecting growing interest in Solana's speed and market performance.

On Tuesday, investors poured $913 million into spot Bitcoin exchange-traded funds, the highest since mid-January, as Bitcoin's price surged amid positive signals about the U.S.-China trade war. The ARK 21Shares Bitcoin ETF and BlackRock’s iShares Bitcoin Trust led the inflow, with $267 million and $193.5 million, respectively.

Over 1,000 locations in Kuwait are suspected of running illegal cryptocurrency mining operations due to abnormal electricity usage. The Ministry of Interior has warned against this unlicensed activity, citing threats to public safety and disruptions to essential services.

Coinbase, rated a buy by Benchmark, could see significant growth with stablecoin legislation potentially boosting its valuations. Analysts predict a rise in income from USDC if its market cap increases, with Cantor Fitzgerald also giving an overweight rating and setting a $245 price target.

A trader invested $173 in a Solana meme coin in mid-December, witnessing a 361,500% surge to $224,390 in four months. The TROLL token, dedicated to the Trollface meme, spiked 59,944% on 4/20 to $2.7 million and continued climbing.

The value of President Trump's official Solana meme coin, TRUMP, surged by nearly 66% in a single day after offering an exclusive dinner to top token holders. Within an hour, the price rose from $9.30 to $14.72, marking the highest price since early March.