I’m working with a fantastic team for this project! Our board includes researchers from the Ethereum Foundation, as well as Stanford, UT Austin, Eigen Labs, Bar-Ilan University, and UC Santa Barbara. We bring a lot of diverse expertise to the table.
The “Halving” is this wonderfully preordained moment on the Bitcoin network when the block subsidy gets halved. It’s a recurring ritual, every 210,000 blocks-or roughly every four years. The last one happened in 2024, which, if you follow my diary, was less a milestone and more a small catastrophe with glitter.
In the first three months of 2026, Coinbase spent $1.07 million lobbying Congress, focusing on laws that would impact its business. According to official reports, discussions included how digital assets are taxed, parts of the CLARITY Act concerning market structure, and all aspects of the GENIUS Act, a new law about stablecoins (officially known as P.L. 119-27).
With time running short this year, a Senate staffer shared with CoinDesk that a possible two-week delay – to give Senator Thom Tillis time to address concerns about stablecoin yields with bankers – wouldn’t necessarily kill the bill. The staffer also indicated that discussions about rules for decentralized finance (DeFi) are largely complete, meaning there aren’t many remaining hurdles before the committee can approve the legislation.
Scaramucci, a man who’s danced with power and profit, spins his yarn with the conviction of a true believer. Bitcoin, he says, is no mere fad but the heir apparent to money’s throne. Its fixed supply, a mere 21 million coins, is etched in stone, unyielding to the whims of central bankers. Its decentralized trust, built brick by brick over 16 years, has earned the nod of both the corner store investor and the Wall Street titan. And so, he argues, the path to $21 trillion is not just possible-it’s inevitable.
Warsh, it seems, is not merely a man of monetary policy but also a connoisseur of the crypto realm, having invested in dozens of projects and spoken of Bitcoin in terms that echo Larry Fink’s digital-gold hymn. Yet, his testimony left the markets in a state of existential ennui, as the S&P 500 and Nasdaq retreated alongside their crypto cousin. Ah, the fickleness of it all!
The affair places Bitcoin at a moment of grave significance, like a dull dinner party reaching a tipping point. The daily RSI triangle tightens with the quiet menace of a butler with a starch problem, and the four-hour chart murmurs with bearish divergence. An X post, everywhere and nowhere, designates this as the third rejection zone in eight months, which is to say: a trend with a soufflé of trouble rising.
Ah, the irony! The very technology that promised liberation from the shackles of central authority now quakes before the quantum leviathan. The Coinbase advisory board, a congregation of cryptographers and blockchain seers, has delivered its verdict: the threat is real, and the clock is ticking. Their 50-page opus, released on a Tuesday (for maximum dramatic effect), dissects the impending doom with surgical precision.
Behold, the circus tents of Binance and Coinbase are alive with activity! Arab Chain, the ringmaster of data, declares that the inflows of Bitcoin and Ethereum have surged to levels not seen since the days of February’s folly. The crowd roars as holders, like trained seals, flip their coins into the exchanges, perhaps to cash in on the spectacle before the tent collapses.
The first quarter of 2026, alas, was a dreary affair for crypto enthusiasts. Bitcoin and ether, those digital darlings, plummeted by 23% and 29%, respectively, casting a pall over trading volumes. Coinbase, poor soul, saw its volumes shrink from $66 billion in January to a mere $54 billion in March-a decline as precipitous as a cliff’s edge.
