Peter Schiff criticized President Donald Trump for suggesting Bitcoin could be added to the Trump Accounts savings program for children, claiming it was a favor to crypto donors who have financially supported Trump. Schiff pointed to major crypto backers like Elon Musk and Ripple Labs, who have contributed to pro-Trump PACs, as likely beneficiaries of this move. He urged Trump to separate the children's savings initiative from Bitcoin, reflecting his broader skepticism of the cryptocurrency amid recent market volatility. Schiff also highlighted concerns about the influence of crypto wealth on political decisions and the potential risks to the Trump Account policy system.
Coinbase CEO Brian Armstrong criticized crypto firms shifting focus solely to AI, emphasizing that crypto is foundational infrastructure like electricity or the internet. He argued that AI and crypto are complementary, with AI agents requiring crypto...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
A group of major crypto and finance companies, including Block and Coinbase, have formed the Bitcoin Security Consortium with $15 million in funding to enhance Bitcoin's long-term security. The consortium will support researchers and developers worki...
Coinbase is seeing increased revenue from new derivatives and prediction markets, alongside record loan balances and tokenization, signaling growing institutional use of its platform. The adoption of AI is improving engineering efficiency and reducin...
