Coinbase Introduces ETH-Backed Loans Up to $1 Million

Coinbase CEO Brian Armstrong has publicly opposed a draft Senate bill concerning cryptocurrency, warning that it poses a threat to decentralized finance (DeFi) and tokenized equities, while also indicating potential overreach by the SEC. Senator Cynthia Lummis has suggested that discussions regarding the bill may be postponed.

Coinbase CEO Brian Armstrong has publicly rejected the U.S. Senate Banking Committee's latest draft of the CLARITY Act, arguing that it would worsen the regulatory environment for the cryptocurrency industry in the United States. Armstrong expressed concerns about the bill's implications for crypto operations and innovation.

Coinbase has withdrawn its support for a proposed cryptocurrency market structure bill, with CEO Brian Armstrong citing numerous issues with the legislation. This decision reflects ongoing challenges in the regulatory landscape for digital assets.

The Zcash Foundation announced the conclusion of an investigation by the U.S. Securities and Exchange Commission (SEC), which began with a subpoena regarding certain crypto asset offerings. This decision has led to a 12% increase in the price of Zcash's native token, ZEC, and a 39% surge in trading volume over the past 24 hours.

Ether's price has been lagging despite strengthening fundamentals, as noted by Etherealize CEO Vivek Raman, who suggests that this gap may present a significant opportunity for investors by 2026.

Ripple has received preliminary approval for an Electronic Money Institution license from the Commission de Surveillance du Secteur Financier in Luxembourg, marking a significant step in its expansion strategy across Europe. This early nod is seen as a crucial development for the company as it seeks to enhance its operational capabilities within the European market.

A solo Bitcoin miner has achieved a significant milestone by winning a $300,000 block, marking a notable event in the cryptocurrency mining landscape. This victory highlights the potential for individual miners to compete against larger mining operations in an increasingly competitive market.

Revolut has reported a remarkable 156% increase in stablecoin payments in 2025, indicating a growing acceptance and utilization of cryptocurrency in real-world transactions. This surge reflects the company's strategic initiatives to enhance its digital payment offerings and user engagement.