Day: April 1, 2025

Coinbase CEO calls for change in stablecoin laws to enable ‘onchain interest’

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Coinbase CEO Brian Armstrong is calling for legislative changes in the US to allow stablecoin holders to earn “onchain interest” on their holdings. In a March 31 post on X, Armstrong argued that crypto companies should be treated similarly to banks and be “allowed to, and incentivized to, share interest with consumers.” He added that allowing onchain interest would be “consistent with a free market approach.” Source: Brian Armstrong There are currently two competing pieces of federal stablecoin legislation working their way through the legislative process in the US: the…

Coinbase shares sink in steepest drop since FTX turmoil

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Key Takeaways Coinbase shares fell 31%, marking their steepest drop since the FTX collapse in late 2022. The crypto downturn is driven by macroeconomic concerns, including US trade tensions and recession fears. Share this article Coinbase (COIN) stock took a hit this quarter, falling by around 31%. It represents its worst performance since the FTX meltdown in late 2022, according to Yahoo Finance data. The drop mirrors the struggles of Bitcoin, which is set to close one of its weakest quarters with an 11% year-to-date loss, despite a 16% gain…

Privacy Pools launch on Ethereum, with Vitalik demoing the feature

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A new semi-permissionless privacy tool, Privacy Pools, has launched on Ethereum, allowing users to transact privately while proving their funds aren’t linked to illicit activities. The privacy tool, launched by Ethereum builders 0xbow.io on March 31, earned support from the likes of Ethereum co-founder Vitalik Buterin, who not only backed the privacy project but made one of the first deposits on the platform.  0xbow.io said that it implements “Association Sets” to batch transactions into the anonymous Privacy Pools and that a screening test is conducted to ensure that those transactions…

Trump wants to keep Musk in government for as long as possible

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Key Takeaways President Trump wants to retain Elon Musk as a special government employee for as long as possible. Trump acknowledges Musk’s responsibility to his business but values his government contributions. Share this article President Trump has expressed his desire to retain Elon Musk’s services as a special government employee for “as long as” possible, but acknowledged that the tech executive may eventually need to return to his business responsibilities. “At some point he’s going to want to go back to his company,” said Trump, speaking to reporters on Monday.…