Crypto News
$1.5 Million Bitcoin? Ark’s Cathie Wood Sees Gold’s Market Share Slipping
This week Ark Invest CEO Cathie Wood CEO explained she believes the U.S. economy is emerging from what she describes as a three-year “rolling recession” triggered by the Federal Reserve’s rate hikes. Wood also noted that Ark has a 2030 bull prediction price target for bitcoin at $1.5 million. Wood Maps Out a New BullSource link
Bigger Brains Lead to Longer Lifespans, Says New Study
Good news for the big brains out there: a new study links mammalian lifespans to immune-related gene expansions across 46 mammal species.Source link
Nintendo Denies Use of AI Imagery in ‘Mario Kart World’ on Switch 2
Did Nintendo tap generative AI to fill out the massive setting of Mario Kart World on the Switch 2? The gaming giant denies the speculation.Source link
Coinbase Shares Slide After Missing Analyst Estimates
The exchange also announced the largest acquisition in crypto history, but even that failed to buoy Coinbase’s stock price. Coinbase Stock Tumbles Following Earnings Disappointment Coinbase (Nasdaq: COIN) saw its shares drop Thursday afternoon when it announced lower-than-expected revenue for the first quarter of the year. Even the firm’s historic acquisition of the world’s largestSource link
State of Crypto: Mapping Out the Senate Stablecoin Bill’s Next Steps
House Republicans unveiled a discussion draft of a market structure bill but all eyes this week were on the Senate, where a largely bipartisan effort to advance stablecoin legislation ran up against a wall.PS: I'll be in Toronto next week for Consensus. In town? Come say hi.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Unstable movementThe narrativeStablecoin and market structure bills are the two big things around crypto that Congress is expected to get to President Donald Trump's desk this year. There was a press conference by crypto and AI czar David Sacks with the chairs of the House and Senate committees. Everyone had this...