Crypto

Coinbase CLO says deal near on stablecoin interest issue in Clarity Act

Discussion over the U.S. Clarity Act, a crypto market structure bill, is in its final stages, with an agreement nearing on whether stablecoin platforms can offer interest or rewards, Coinbase Chief Legal Officer Paul Grewal said. Banks oppose such payments, citing the risk of deposit outflows, while Grewal said there is no evidence of that. He also said the Senate Banking Committee could begin markup within weeks, though details are not final.

Crypto

Bitcoin indicator points to $58,000 after possible 15 percent drop

Bitcoin rose to around $69,300 intraday on April 1 but may fall about 15 percent to the $58,000 range after retesting that level, according to market analysis cited by The Crypto Basic. Analyst TARA said Bitcoin revisited a 0.618 Fibonacci retracement zone near $69,300 and then slipped to around $68,000. TARA said a renewed approach is possible, but viewed the rebound as part of a broader corrective wave.