The Trump administration is reportedly on the verge of withdrawing its crucial support for the landmark cryptocurrency market structure bill, following a dramatic breakdown in negotiations with Coinbase. According to journalist Eleanor Terrett, the White House is “furious” with the exchange’s unilateral exit, which it labeled a “rug pull” against both the administration and the broader industry. The core conflict centers on bank-driven amendments that would severely restrict users’ ability to earn yields on stablecoins, a flashpoint that has exposed deep fissures within the crypto regulatory landscape.
about White House Threatens to Withdraw Support for Crypto Bill Over Coinbase DisputeCitron Research
0 in Finance and 0 in Crypto last weekCorporate Treasuries Outpace ETFs in Bitcoin Buys, Signaling Strong Adoption
In the first half of the year, public companies acquired 245,510 Bitcoin (BTC), more than double the 118,424 BTC absorbed by ETFs during the same period. This marks a 375% increase from the previous year, while ETF purchases dropped by 56%. Corporate demand now accounts for 207% of ETF net intake, reflecting a structural shift in Bitcoin’s market dynamics. Companies cite inflation hedging, cross-border liquidity, and accounting benefits as key reasons for holding BTC. However, concerns remain over leverage-fueled purchases and potential balance sheet risks if Bitcoin prices decline sharply.
about Corporate Treasuries Outpace ETFs in Bitcoin Buys, Signaling Strong AdoptionMicroStrategy’s Bitcoin Strategy Faces Challenges Amid Stock Price Decline
MicroStrategy’s share price has plummeted 45% from its November peak, despite the company purchasing billions in Bitcoin and being added to the Nasdaq-100. The firm, now the largest corporate Bitcoin holder with 446,400 BTC, faces scrutiny as its stock trades at a premium compared to its Bitcoin assets, raising concerns about sustainability. Analysts suggest a shift in investor sentiment, moving away from viewing MicroStrategy as a leveraged Bitcoin play.
about MicroStrategy's Bitcoin Strategy Faces Challenges Amid Stock Price Decline