Global #Coinbase

The intense market volatility that previously drew speculative investors to the cryptocurrency ecosystem is subsiding, significantly affecting exchanges like Coinbase (COIN), which historically benefited from periods of significant fluctuations.

Cryptocurrency trading platform HTX, previously known as Huobi, has surpassed the U.S.-based exchange Coinbase in spot trading volumes.

Coinbase is mulling over the addition of Core (CORE) to its list of supported cryptocurrencies, a move that could strengthen the Bitcoin ecosystem.

Coinbase utilized ongoing political developments in the U.S. Congress to strengthen its interlocutory appeal against the SEC. In a court filing dated May 24, Coinbase contended that the SEC attempted to "bypass" the Howey test, a legal standard used to identify securities. The crypto sector and the SEC have long disputed the application of this test to digital assets.

After Venmo announced an increase in transaction fees, Dan Romero, co-founder of Farcaster, proposed the idea of a stablecoin payments app for US-based freelancers, citing dissatisfaction within the community.

Since 2023, the cryptocurrency industry has broken records by donating a staggering $94 million to political causes in a bid to support governance favorable to crypto.