AI-powered summaries of the day's top crypto events
Coinbase has unveiled a range of new products, including prediction markets, stock trading, equity perps, AI advisors, borrowing options, and full DEX integration. This announcement comes as Bitcoin experiences volatility, initially falling but then bouncing back to $87,400, a 0.3% increase. The broader crypto market showed mixed results with Ethereum down 2% to $2,870 and Solana down 3% to $124.
Cardano founder Charles Hoskinson has criticized the U.S. government's approach to evaluating cryptocurrencies, questioning the criteria used to determine which digital assets are deemed valuable. He highlighted inconsistencies, such as the inclusion of XRP and Solana in certain systems while excluding others like Sui and BNB, calling for more rigorous testing and objective metrics.
Charles Hoskinson has commented on the impact of former President Trump's involvement in the cryptocurrency space, particularly with the launch of a meme coin associated with him. Hoskinson noted that this development shifted the perception of crypto from being a bipartisan issue to one associated with political corruption, affecting the industry's super cycle.