In this episode of CoinStreet, we dive into the cryptocurrency market, highlighting the significant impact of institutional adoption and the rise of stablecoins. A recent report from A16Z reveals that crypto transactions now account for 1% of all dollars in circulation, driven by advancements in blockchain infrastructure that have dramatically increased transaction throughput.
We also discuss a crucial meeting that took place in Washington, where leading figures from the crypto industry, including Coinbase CEO Brian Armstrong, engaged with both Democratic and Republican lawmakers. The discussions focused on market structure legislation, with lawmakers expressing concerns about illicit finance while also showing support for the industry during their interactions with Republican leaders.
Additionally, we explore the competitive landscape of AI in cryptocurrency trading, revealing that Chinese AI models are outperforming their U.S. counterparts. Notably, the AI chatbot DeepSeek achieved a positive return, while OpenAI’s ChatGPT faced significant losses. Jane King has the latest from the NYSE