Core Insights - Coinbase has launched the Coinbase One Card for U.S. customers, available for $49.99 a year, offering up to 4% back in bitcoin on purchases [1] - The card has no foreign transaction fees and allows users to pay their credit card bill from a linked bank account or with crypto held on Coinbase [2] - The design of the card features raw data from the Genesis Block, emphasizing a bitcoin-first identity and rewards paid in BTC [3] Product Comparison - Gemini has also introduced a credit card in 2023 that offers up to 3% crypto cashback on purchases and supports various digital assets, including bitcoin and ether [4] - The Gemini Credit Card has a Solana edition that provides up to 4% back in SOL for specific categories, with no annual fee and no foreign transaction fees [5] - Coinbase's card focuses on a bitcoin-only reward system, while Gemini's program is category-based, catering to different customer preferences [6] Target Audience - Coinbase's card targets customers who prefer earning bitcoin on all purchases, requiring a membership fee and offering payment flexibility [7]

Ask your Senator to vote YES.Crypto is counting on you ↓https://t.co/F6evuudxQR ...

We’re in DC handing out Clari-Tea.This isn’t a stunt, it’s a mission.Crypto voted for clarity, and it’s time for the Senate to act.Tell your Senator why this matters to you and to vote yes on the CLARITY Act! https://t.co/81EvVobx0R ...

Company Strategy - Coinbase is building private transactions on its Base network [1] - The development is powered by the acquisition of privacy platform Iron Fish in March [1]

iron fish at $33m market cap just got integrated into base for compliant privacy. zcash sits at $600m doing basic privacy that gets exchanges to delist. iron fish gives regulators read-only keys so coinbase can actually ship this. brian armstrong announced it himself. first privacy that won't get banned. 110m coinbase users about to get private stablecoin transactions through base ...

Core Insights - Coinbase CEO Brian Armstrong is engaging with U.S. lawmakers to advance crypto market structure legislation, indicating a significant push for regulatory clarity in the digital asset space [1][2] - Bipartisan support for clearer regulations has reached unprecedented levels, with discussions continuing even amid government shutdowns [2] - The Federal Reserve recently hosted a Payments Innovation Conference, highlighting the growing intersection of traditional finance and digital assets [3][4] Legislative Developments - The Retirement Investment Choice Act, introduced by Rep. Troy Downing, aims to expand access to alternative assets, including cryptocurrencies, for 401(k) investors [5] - Senate Banking Committee members are working on a digital asset bill to clarify the oversight roles of the SEC and CFTC in the crypto market [6]

Group 1: Market Performance - Crypto-related stocks experienced significant declines, particularly bitcoin miners with AI infrastructure, which fell 10%-15% [1] - The CoinShares Bitcoin Mining ETF (WGMI) dropped 7%, indicating a broader sector downturn [2] - Bakkt Holdings (BKKT) saw a 7.5% decrease, marking a nearly 40% decline over the week [2] Group 2: Bitcoin and Market Trends - Bitcoin remained around $108,000 after a peak of $114,000, reflecting a notable decrease [3] - The Nasdaq index also faced a 1% decline, with chipmakers particularly affected [3] Group 3: Mining Sector Insights - The downturn in BTC miners suggests a cooling off from a multi-month rally driven by optimism for data center deals [4] - The market capitalization of AI and high-performance computing-related companies fell from over $95 billion to approximately $82 billion [4] Group 4: Individual Company Performance - Bitfarms (BITF) surged over 400% since September but has since dropped about 40%, currently trading just above $4 per share [5] - IREN (IREN) was up roughly 400% year-to-date but is down around 30% from its all-time high of $73, now trading near $52 [5]

General Information - Application requires eligibility and approval, with terms, conditions, and limitations [1] - Application link provided: https://t.co/TWCqQdSWuR [1]

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,747 #BTC (188,703,633 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/gamQJS1dFM ...

Group 1 - The cryptocurrency sector continues to experience a downward trend in stock prices, with several companies reporting declines [1] - Strategy (MSTR.US) has seen a drop of over 2% [1] - Coinbase (COIN.US) has decreased by more than 3.4% [1] - Bitmine Immersion Technologies (BMNR.US) has fallen by over 2.8% [1] - SharpLink Gaming (SBET.US) has declined by over 3% [1] - Circle (CRCL.US) has experienced a slight decrease [1]