[Coinbase Executive Calls for Prompt Passage of Crypto Market Structure and Stablecoin Bills] At the Blockchain Futurist Conference in Toronto, Coinbase Chief Business Officer Shan Aggarwal stated that the market structure bill (Clarity) and stablecoin bill (GENIUS) currently under review by the U.S. Congress are critical components of the crypto regulatory framework. The two bills complement each other, serving as the 'lubricant for the on-chain economy.' Aggarwal pointed out that the GENIUS bill lays the foundation for stablecoin expansion, while the Clarity bill will drive the tokenization of on-chain assets, facilitating the flow of funds between stablecoins, money market funds, and treasury bonds, thereby fostering the growth of the crypto ecosystem. Coinbase Head of Business Development Scott Meadows added that these two bills will provide clear rules for institutions and markets, sparking institutional interest and vitality.

Ark Invest CEO Cathie Wood stated that Bitcoin may not be able to achieve the previously predicted $1.5 million target by 2030. She believes that the rapid popularity of stablecoins may have an impact on the growth of Bitcoin. Previously, Wood had repeatedly expressed optimism about the long-term potential of Bitcoin, but this statement shows his reassessment of market dynamics. The increasing demand for stablecoins in the market may change the landscape of the cryptocurrency ecosystem. （Decrypt）

[Bernstein: Predicted Market Development May Benefit Platforms Like Robinhood and Coinbase] Bernstein's report points out that prediction markets have evolved from niche betting to a mainstream asset class supported by capital and regulation, becoming part of the financial infrastructure. The report believes that the loosening of the U.S. regulatory environment and the gradual mainstreaming of major platforms through collaboration with retail applications and large institutions may drive benefits for trading platforms like Robinhood and Coinbase.

Long term holdings of over $10 billion in Bitcoin have recently been transferred, while Bitcoin ETFs have experienced record outflows, sparking controversy in the market over whether the dominant sellers are long-term holders or short-term traders. （Cointelegraph）

Federal Reserve Governor Christopher Waller stated that cryptocurrency stablecoins have introduced competition in the payment field. （Watcher.Guru）