Market Overview - Cryptocurrencies are experiencing a rise, with Bitcoin increasing by 1.5% to around $92,000 and Ether climbing 3% to $3,88 [2] - American Bitcoin, a mining stock linked to the Trump family, is recovering after a significant drop of about 40% [3] Company Developments - Binance has appointed a new co-CEO, Yihei, to work alongside Richard Tang, who took over leadership after CZ stepped down in 2023 [4] - BlackRock's CEO, Larry Fink, reaffirmed his belief in Bitcoin's long-term potential, highlighting the growing number of long-term holders [5] - Coinbase's CEO, Brian Armstrong, emphasized the company's efforts in Washington to advocate for crypto-related legislation [7] Legislative Efforts - Coinbase's chief legal officer, Paul Greywall, is heading to Washington, D.C. to discuss crypto market structure legislation, which is a priority for both Coinbase and the broader crypto industry [10][18] - There is a bipartisan consensus emerging in Congress regarding the definition of digital asset securities and the regulatory roles of the SEC and CFTC [21][22] - The Senate Agriculture Committee has released a draft bill for crypto market structure, which includes provisions for the CFTC to have more regulatory authority [22] Future Outlook - The crypto industry is hopeful for the passage of market structure legislation by the end of the year, despite potential delays due to the upcoming elections [28][30] - The focus on crypto legislation remains bipartisan, with past successes indicating a strong possibility for future advancements [30]

Group 1: Partnership and Market Outlook - Coinbase is collaborating with major U.S. banks on pilot programs related to stablecoins, crypto custody, and trading, indicating a growing acceptance of crypto infrastructure by traditional financial institutions [1] - The stablecoin market is projected to reach $1.2 trillion by 2028, with potential for numerous growth paths, while Citi forecasts it could hit $4 trillion by 2030 in a bullish scenario [2] Group 2: Perspectives on Bitcoin - BlackRock CEO Larry Fink has shifted his view on bitcoin, now considering it a hedge against uncertainty, emphasizing its role in protecting against financial insecurity and currency debasement [3] - Despite recent declines in bitcoin's value, both Fink and Coinbase's CEO Brian Armstrong see significant use cases for the asset, with Armstrong asserting that there is "no chance" it will go to zero [4] Group 3: Regulatory Environment - Armstrong advocates for clearer regulations from U.S. lawmakers, expressing hope for the Senate to vote on the CLARITY Act, which aims to define legal responsibilities for crypto exchanges and other digital asset participants [4]

Stablecoin & Tokenization Initiatives - Coinbase CEO 表示多家大型银行正在与 Coinbase 合作进行 stablecoin、托管和交易的试点项目 [1] - Armstrong 和 BlackRock CEO Larry Fink 讨论了加密货币和资产代币化，指出大约 4.1 万亿美元的数字钱包资产（主要为 stablecoin）如果其他资产被代币化，可以更有效地流通 [1]

You scrolled. You stacked.You checked the price... a lot.Now, let's unwrap your year in crypto. https://t.co/QfUya9VTXw ...

🇺🇸 JUST IN: Coinbase CEO Brian Armstrong says major U.S. banks are partnering with the exchange on pilots involving stablecoins, custody, and trading. https://t.co/3Y6delJgAI ...

Industry Collaboration - Major banks are collaborating with Coinbase on stablecoin, custody, and trading pilot programs [1]

A new era of Coinbase is beginning.December 17, 2PM PT, live on 𝕏.Set a reminder: https://t.co/aM8Gbd7n25 https://t.co/LpfshWUQjr ...

Don't read the replies without setting a reminder. ...

智通财经APP获悉，周三，比特币概念股走高，截至发稿，Iren Ltd(IREN.US)、Coinbase(COIN.US)涨超 4%，Strategy(MSTR.US)涨超2.6%，Circle(CRCL.US)涨超3%，Mara Holdings(MARA.US)涨超1%。 ...

🚨 🚨 🚨 🚨 862 #BTC (79,431,454 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/qUl2OOt1Cq ...