Crypto Biz: CLARITY Act setback puts Coinbase in the spotlight

Crypto Biz: CLARITY Act setback puts Coinbase in the spotlight

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Strategists say crypto exchanges such as Coinbase may have more at stake than most from the stalled legislation.

Elsewhere, Standard Chartered is betting big on Arbitrum, Bitmine is turning its Ether treasury into a source of staking revenue, and Phemex’s CEO says AI has been a “net negative” for crypto.

Saxo Bank strategist Ruben Dalfovo said Coinbase has more at stake in the CLARITY Act setback because its trading business is directly exposed to US market-structure rules.

In a Wednesday note following the bill’s failed procedural vote, Dalfovo said Coinbase is particularly exposed because new rules could determine registration requirements, tradable assets and who can participate on its platform.

The setback could also affect other crypto-linked companies, though Dalfovo said their businesses are less directly tied to market-structure rules.

Circle’s exposure is tied more closely to USDC adoption and reserve interest, while Strategy relies primarily on its Bitcoin holdings and access to financing.

Standard Chartered sees Arbitrum outperforming Bitcoin and Ether through 2030, driven by traditional finance firms moving assets onchain and transforming the network’s economics.

Geoff Kendrick, Standard Chartered’s global head of digital assets research, said Arbitrum receives 10% of net protocol revenue from companies building on it.

Robinhood Chain, launched in July, has materially changed Arbitrum’s economics, with September revenue expected at $5 million, over five times the prior level.

Kendrick projects ARB at $10 by 2030, a 70-fold increase from current prices around $0.14, which have gained 86% in the past month.

Analiz: Piyasa hareketliliği devam ediyor.