Coinbase has withdrawn support for a Senate crypto market structure draft, with CEO Brian Armstrong warning the bill would be worse than existing regulatory uncertainty.

Glassnode says Bitcoin’s move toward $96,000 is being driven by derivatives positioning rather than sustained spot demand, leaving volatility risk deferred and unresolved.

The US Securities and Exchange Commission has dropped its investigation into the Zcash Foundation, ending a probe launched in 2023 as the agency scales back crypto enforcement.

Industry leaders say a new US Senate crypto market structure draft could reduce regulatory ambiguity by clarifying SEC and CFTC oversight, though key issues remain unresolved.