Bitcoin Breaks $70,000 as Trump Pushes Crypto Bill and Shorts Get Squeezed
President Trump hosted top crypto executives at the White House and urged Congress to pass a fair version of the Clarity Act for clearer industry rules.
President Trump hosted top crypto executives at the White House and urged Congress to pass a fair version of the Clarity Act for clearer industry rules.
Coinbase reports $359.5M Q2 loss and misses estimates as trading slows. Still hits record 10.3% market share and keeps 14th straight positive EBITDA.
Bitcoin and Coinbase surge after Bessent signals the CLARITY Act is close to passage. White House ethics agreement removes final hurdle ahead of August recess.
Circle shares fell as Coinbase may join a new stablecoin platform with Stripe, Visa and Mastercard, raising competition worries.
Coinbase reports losses as crypto trading drops, revenue falls, layoffs hit 700 jobs, and shares decline amid weak market in 2026.
Coinbase is cutting 700 jobs (14%) to save money and prepare for AI. Costs $50–60M, mostly severance, done by June 2026.