Crypto News·
Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. According to filings with the US Federal Election Commission, Fairshake-linked groups backed by Coinbase, Ripple, and other crypto supporters have directed millions…
Read full articleCalifornia's 2026 governor primary is live. Becerra finishes first at 78.5% YES, down from 82%; split-party general election outcome at 75.5% YES. The post California votes in primary to pick new governor and tip Congress balance appeared first on Crypto Briefing.
An affiliate of a political action committee backed by crypto companies ramped up spending on ads in California ahead of Tuesday’s primaries, but still has millions of dollars at stake in Maryland later this month.
Ethereum is struggling below $2,000 as selling pressure and market uncertainty combine to keep the asset pinned beneath a level that has become the defining test of whether the recovery from the cycle lows has any structural foundation remaining. The price is under pressure — and an Arab Chain report tracking the Coinbase Premium Index has identified a signal in the US institutional demand data that provides a specific explanation for why the recovery keeps failing to sustain itself. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green The Coinbase Premium Index for Ethereum has fallen to approximately -0.16 — its lowest level since February — before a slight rebound brought it back toward -0.14 in recent sessions. The index measures the price difference between Ethereum trading on Coinbase against the US dollar and on Binance against USDT. When the reading is negative, Ethereum is cheaper on Coinbase than on Binance — a condition that directly ref
The exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products.
XRP was even surpassed by USDC as the fifth-largest crypto.
XRP bull Jake Claver argues that Ripple’s RLUSD stablecoin does not weaken the case for XRP, but may instead reinforce it by bringing more institution-friendly dollar liquidity onto the XRP Ledger. In a thread on X, Claver said the two assets are built for different roles: RLUSD as a compliant digital dollar, and XRP as the neutral bridge asset that allows value to move between otherwise fragmented markets. The argument responds to a recurring question in the XRP community: if RLUSD can move money in seconds, why does XRP still need to exist? Claver said that framing misses the distinction between a settlement asset and a routing asset. “RLUSD is not the finish line. It is the front door,” Claver wrote. “Institutions come for a compliant digital dollar. Once they are on the ledger they start asking bigger questions. Can we tokenize securities here? Settle trades instantly? Drop the 3 day wait.” XRP As The Ledger’s “Money Changer” To explain the point, Claver used the analogy of an old
Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash equivalents, giving issuers another compliance-focused option for backing payment stablecoins. Coinbase’s IQMM Investment Points to a New Reserve Era for Stablecoins Crypto exchange Coinbase Global Inc. (Nasdaq: COIN) announced on June 2 that […]
Coinbase Ventures has purchased ENA tokens on the open market as Coinbase and Ethena prepare a new partnership focused on on-chain finance and savings products. Ethena said in an official X post on Tuesday that Coinbase Ventures made its first…
