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Bitcoin Recovers Following Plunge as US, Israel Begin Bombing Iran
Bitcoin and major altcoins experienced a sharp overnight decline following news of US and Israeli strikes on Iran, with liquidations surging. However, prices have largely recovered, indicating resilience despite geopolitical turmoil. The event highlights the historical correlation between crypto markets and global events, with ongoing speculation about Iran's political future.
Banking Regulator Floats New Stablecoin Yield Rules—Do They Hurt Coinbase?
The OCC has proposed new rules under the GENIUS Act that could restrict stablecoin yield programs, potentially impacting Coinbase's USDC rewards. While some experts believe these rules could affect the arrangement with Circle, others suggest loopholes or future changes may mitigate the impact. The banking industry is pushing for stricter permanent restrictions.
