Coinbase is contemplating withdrawing its support for the CLARITY Act due to a proposed ban on stablecoin rewards. This development comes as the cryptocurrency exchange evaluates the implications of the legislation on its business model and the broader crypto ecosystem.
In other news, a significant whale investor has taken a long position on Zcash (ZEC), holding over $250 million in assets. The address has reportedly achieved a total profit of $14.69 million. Meanwhile, the Real World Asset (RWA) market cap, excluding stablecoins, has surpassed $20 billion, marking a new record high.
Additionally, Bitcoin and Ethereum spot ETFs saw substantial net outflows last week, with Bitcoin ETFs experiencing a $681 million outflow, led by FBTC's $481 million. Ethereum ETFs recorded a $68.57 million outflow, with Grayscale's ETHE leading at $145 million.
Coinbase Considers Withdrawing Support for CLARITY Act Over Stablecoin Rewards Ban
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
