Global #Coinbase

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.

The data indicates a decline in Bitcoin selling pressure on the crypto exchange Coinbase, potentially paving the way for a temporary rebound.

Since the beginning of April, there has been a surge in the creation of new tokens, surpassing 1 million in total. Ethereum saw over 370,000 new tokens emerge, while Solana witnessed the launch of over 640,000 new tokens, primarily memecoins.