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Crypto

Coinbase CLO says lawmakers cannot back CLARITY and oppose stablecoin rewards

Coinbase has publicly pressed the U.S. Congress to clarify whether stablecoin rewards will be allowed. Paul Grewal, Coinbase’s chief legal officer, said lawmakers who support the CLARITY Act should also oppose proposals to ban stablecoin rewards. The dispute centres on a Senate compromise that would bar passive yield on stablecoin balances while permitting limited activity-based rewards. Grewal said deposit-flight claims are theoretical, and a White House report estimated a minimal lending impact.

Crypto

Morgan Stanley launches MSBT bitcoin spot ETF with 0.14 percent fee

Morgan Stanley began trading its bitcoin spot exchange-traded fund, MSBT, on April 8 local time, offering a 0.14 percent total fee, below BlackRock’s iShares Bitcoin Trust (IBIT) at 0.25 percent. Analysts said IBIT still leads in assets and liquidity, but Morgan Stanley’s large wealth management distribution network could redirect new inflows. The launch underscores rising fee sensitivity as competition intensifies in the bitcoin spot ETF market.

Crypto

Cathie Wood says bitcoin is a proven asset and big crashes are over

Cathie Wood (캐시 우드), CEO of Ark Invest, said bitcoin will no longer repeat market cycles in which it falls more than 85 percent from a record high, Cointelegraph reported. In a CNBC interview, she called bitcoin a “proven asset” and said the market would view a 50 percent drop as a major win. Some analysts disputed her view, including a forecast for a $34,000 low in 2026.