Market Overview - Major cryptocurrencies, including Bitcoin and Ether, experienced gains following the release of private payroll data indicating a significant decline in jobs, with Bitcoin rising nearly 4% to around $17,000 and Ether increasing by 5% [2][3] - The ADP report revealed a seasonally adjusted loss of 32,000 jobs last month, with previous figures for August revised down from an increase of 54,000 to a loss of 3,000, leading to heightened expectations for potential rate cuts by the Federal Reserve [3][4] Industry Developments - Vision CISAI announced plans to establish a $2 billion Solana-based treasury, resulting in a sharp decline in its NASDAQ shares [5] - A note from JP Morgan indicated that 12 out of 14 tracked mining companies outperformed Bitcoin by approximately 6% in September, particularly those diversifying into AI, with the aggregate market cap of these miners growing faster than Bitcoin for the sixth consecutive month [6] - The SEC is moving towards allowing state trusts to act as crypto custodians, with assurances provided to law firms regarding non-enforcement actions for registered advisers [7][8] Legal and Regulatory Updates - Tornado Cash co-founder Roman Storm is seeking acquittal from conspiracy charges related to operating a crypto mixer, arguing a lack of evidence linking him to illicit activities [9][10] - The Blockchain Association has sent a letter to lawmakers defending the Genius Act, emphasizing its importance for legal clarity and innovation in the digital assets industry, and opposing efforts to amend the legislation [10][11][12] - The letter highlights concerns that reopening the Genius Act could undermine U.S. leadership in the crypto space and hinder innovation, as it provides essential legal clarity for stablecoin issuance [19][20] Future Outlook - There is optimism regarding bipartisan efforts in Congress to establish comprehensive market structure legislation for the crypto industry, with discussions ongoing between the House and Senate [21][22][23] - Recent regulatory harmonization efforts between the SEC and CFTC are seen as a positive development for the industry, potentially fostering innovation and reducing regulatory confusion [24][26][27]

Today, Bitcoin and Ether fall as a potential US government shutdown looms. The SEC and CFTC hold a joint roundt focused on regulatory harmonization between the two agencies. And Paul Greywall, chief legal officer at Coinbase, explains a new marketing campaign aimed at stopping the banking industry's efforts to undo provisions of the Genius Act.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Digital currencies in the red this morning after it was revealed that consumer confidence edged lower in September a ...

Depending on who Trump picks as the next Fed governor, it could kick off a whole freaking mega cycle. The Bitcoin price is struggling right now, waiting on a new Fed chair, waiting on fresh rate cuts, and crypto's going a lot higher. Yet, most people aren't seeing what I'm seeing. They don't know what I know about crypto.They're going to happen over blockchains. And we think Salana is going to be one of the blockchains that gets the lion share of of the financial markets. Watch today's whole video so you un ...

Market Opportunity & Projections - Stable coin market is projected to grow from $290 billion to multi-trillion in the next few years [1] - The current stable coin market size of $250 billion is expected to grow to $2 trillion in the next few years [1] - Industry experts anticipate the stable coin market to significantly increase, potentially exceeding $2 trillion [1] - The market could potentially reach $2 trillion, $3 trillion, and eventually $10 trillion over the next 10 years [9] Plasma's Value Proposition - Plasma is a purpose-built layer 1 blockchain designed specifically for stable coins, offering infrastructure for the digital dollar economy [1] - Plasma aims to provide a more efficient way to move money globally [1] - Plasma offers EVM compatibility, allowing seamless deployment of Ethereum-based contracts without code modifications [1] - Plasma boasts fast transaction speeds of 1,000+ transactions per second and less than 1 second block times [1] - Plasma offers zero USDT transfer fees, potentially attracting significant capital [1] Plasma's Performance & Adoption - Plasma launched with over $1 billion in stable coin TVL, achieving the fastest growth in blockchain history [7] - Plasma's TVL reached $27 billion, ranking it in the top eight and surpassing Hyperlid [7] - Plasma supports over 15 stable coins and has over 50 partnerships [8] Competitive Landscape - Ethereum currently dominates the stable coin market, but its dominance is expected to decrease over the next five years [1, 10] - While Ethereum will continue to grow, its growth rate may slow as other chains offer more specialized solutions [9, 10] - Plasma aims to outperform general-purpose chains like Ethereum and Solana in the stable coin use case [1] Security & Spam Prevention - Plasma implements a split block architecture with a portion reserved for USDT transfers [4] - To prevent spam, Plasma enforces a minimum balance and implements whitelisting [5, 6]

A battle between the banks and crypto is heating up over a wide-ranging bill on how to regulate crypto. Now, the tensions brought senior executives from both industries to DC this week, including Coinbase CEO Brian Armstrong. Payments and stable coins, new types of investments and asset classes, capital formation, credit, like all these things can get reinvented, made more efficient in the crypto world.That's ultimately what we're trying to do. We're trying to create more economic freedom in the world and u ...

Well, Sunday is here and so is the weekly market close price action. We love to see price action like this brewing around the weekly close. We are focused on it.We're definitely, you know, looking at a few levels in the Discord. I have been outlining this for the premium members. If you guys do want to join up, you guys are more than welcome to.But overall, it's looking like a nice bounce here in the market. I'm watching XRP. I'm trying to see if we can close over some key levels which we've been outlining ...

Cryptocurrency Market - Bitcoin and stablecoins are poised for significant adoption due to limitations of traditional payment systems like Visa [1] - Decentralized ledgers such as Bitcoin, Ethereum, Tron, Solana, and Binance Smart Chain are key components of this shift [1]

So, you're an Ethereum guy. Do you own Bitcoin. I'm not. I I do not own Bitcoin.None. I'd rather have an iPhone than a landline. Something really interesting is happening with Ethereum.Number one, Ethereum ETF inflows are going parabolic with 80% flowing into Black Rockck. I see value in having an Ethereum ETF, meaning the most powerful man in finance, Larry Frink, is accumulating and mass. As I said, these are just start stepping stones towards tokenization.What does Larry Frink know. Watch today's whole v ...

Crypto Regulation Bills - House Republicans appear to have the support needed to move forward with key crypto regulation bills, boosting crypto prices [1] - The House is set to pass three major bills the crypto industry has been asking for: regulations on stable coins (Genius Act), market structure for digital assets (Clarity), and a ban on a central bank digital currency (CBDC) [2][3] - The stable coin bill already passed the Senate and is expected to pass in the House and potentially be signed into law before the end of the week [4] - The market structure and central bank digital currency bills are more complex and will need to go to the Senate, potentially taking longer to get done [5] - The crypto industry is particularly interested in the market structure bill, as it is expected to have a major impact [6] Political Considerations - Republican opposition to the crypto bills stemmed from concerns that passing the stable coin bill first would reduce pressure to ban a central bank digital currency [8] - Some House Freedom Caucus members are concerned that a central bank digital currency could lead to surveillance of Americans' financial transactions [8] - Trump reassured holdouts that a digital currency ban could be put in place, making them more comfortable moving ahead with the intended votes [9] Senate Action on Rescissions Package - The Senate is considering a rescissions package, with a key vote taken to advance the bill [11] - An agreement was reached to leave funding in place for a program meant to stop and prevent AIDS, unlocking some votes [12] - Funding for local radio stations is another area of concern for lawmakers [13] - The Senate must complete the rescissions package before Friday, the 45-day deadline [13]

Paul Greywall, Coinbase's chief legal officer. Thank you very much for joining us. Thanks for having me.It's a huge week for digital assets in DC as crypto week kicked off yesterday. Three major cryptoreated bills are on the table. The Clarity Act, the Genius Act, Stablecoin Regulation Bill, and the Anti-CBDC Surveillance State Act.What are you hoping is accomplished in DC this week. Are you confident we'll see some of these bills move closer to becoming law here in the US. Well, we're hoping to see progres ...