Crypto

Coinbase, Kraken, Gemini seek looser token listing rules in U.S. Clarity Act

Major cryptocurrency exchanges are pressing for looser token listing standards in a U.S. Senate bill on crypto market structure, intensifying a debate over the direction of regulation. Coinbase, Kraken and Gemini want language removed or revised that would limit trading to digital assets not easily exposed to manipulation. They warn it could make listings harder for tokens with low liquidity or small market value. Lawmakers are still negotiating the bill alongside other issues.

Crypto

Bitcoin could slip to $70,000 ahead of U.S. CPI release

Bitcoin could slide toward $70,000 ahead of the release of the U.S. April consumer price index, as concerns about renewed inflation and weakening institutional buying raise the chance of a short-term pullback. The Cleveland Fed’s latest estimate sees annual CPI at 3.56 percent, up from 3.3 percent in March. Analysts also point to risk reduction ahead of the data and chart patterns that could signal a reversal.