Browsing: Coinbase

Short sellers of crypto and blockchain-related stocks have incurred significant losses following Bitcoin’s recent surge to all-time highs.

A deal with US regulators buoyed the crypto market briefly, only to be overshadowed by a massive hack of the Bybit exchange, leading to investor losses and renewed concerns about the industry’s security.

Franklin Templeton’s move to launch a Solana ETF highlights the increasing interest among asset managers in cryptocurrencies beyond Bitcoin, mirroring investors’ enthusiasm amid easing regulatory conditions and a crypto-friendly environment.

The SEC is reportedly planning to drop its lawsuit against Coinbase, indicating a potential shift in the agency’s approach to regulating the crypto industry under new leadership.

Coinbase CEO Brian Armstrong says the SEC will likely drop its lawsuit against the firm, calling the potential outcome ‘hugely vindicating’.