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Illustration of Coinbase stock rebounding after earnings miss and AWS outage, with Bitcoin above $80,000.
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Coinbase rebounds after earnings miss and aws outage

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Coinbase shares recovered 10 percent from session lows on Friday following a weaker-than-expected first-quarter report and a multi-hour trading outage tied to Amazon Web Services failures. Bitcoin held above $80,000 while several altcoins posted gains of 5 to 12 percent.

Michael Saylor, co-founder of Strategy, signaled that the company will buy more Bitcoin on Monday. The purchase would boost the firm's Bitcoin treasury holdings. Strategy is the world's biggest Bitcoin treasury company.

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Digital Asset Holdings is pursuing $300 million in new funding through its latest capital raise. The company operates the Canton Network and has secured leadership from a veteran crypto venture capital firm for the effort.

SEC Chair Paul Atkins proposed a limited innovation pathway for on-chain trading systems during a May 8 speech. The approach draws from the agency's 1990s handling of electronic markets and aims to provide conditional access before permanent rules are set.

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A federal judge in New York has permitted Arbitrum DAO to move $71 million in frozen ether to Aave. The order preserves the legal claims of terrorism victims against the funds tied to a North Korea-linked hack.

US spot Bitcoin ETFs have recorded net inflows for a sixth consecutive week. The funds have attracted a combined 3.4 billion dollars since April 2.

Reported by AI

The Senate Banking Committee will hold a markup hearing on the Digital Asset Market Clarity Act of 2025 on Thursday, May 14, at 10:30 a.m. The session comes after months of delays over stablecoin provisions and other issues.

 

 

 

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