Crypto & Blockchain Daily Brief Saturday, May 10, 2025

Coinbase, a major cryptocurrency exchange, has announced the launch of 24/7 trading for its cryptocurrency futures. This move stands out in the market as it allows users to trade futures contracts on cryptocurrencies such as Bitcoin and Ethereum at any time, unlike traditional markets that have set trading hours. This feature is aimed at providing more flexibility and accessibility to traders, enabling them to react to market movements at any time. The futures contracts offered by Coinbase allow traders to speculate on the price movements of various cryptocurrencies. By offering 24/7 trading, Coinbase is catering to the needs of traders who want to take advantage of the volatile nature of the cryptocurrency market around the clock. This move is in line with the exchange's efforts to expand its product offerings and attract more users. The article highlights that the introduction of 24/7 trading for cryptocurrency futures on Coinbase could potentially have a significant impact on the market. It could lead to increased trading volumes and liquidity, as well as attract more institutional investors who prefer to trade at any time. Additionally, the move could put pressure on other exchanges to offer similar features in order to stay competitive in the market. Overall, the introduction of 24/7 trading for cryptocurrency futures on Coinbase is seen as a positive development for the cryptocurrency market, offering more opportunities for traders to participate in the market and potentially driving further growth and innovation in the industry.

Steak 'n Shake, a popular American fast-food chain, is set to introduce Bitcoin payments at all its locations across the United States. The move is part of a partnership with payment processor Flexa, which will enable customers to pay for their meals using cryptocurrencies such as Bitcoin, Ether, Litecoin, and others. The collaboration with Flexa will allow Steak 'n Shake to accept digital currency payments seamlessly, as the payment processor converts the cryptocurrencies into cash for the restaurant. This initiative aims to provide customers with more payment options and enhance their dining experience by integrating innovative technology into the payment process. The decision to adopt Bitcoin payments aligns with Steak 'n Shake's goal of staying ahead of the curve and catering to the evolving preferences of its customers. By embracing cryptocurrency payments, the fast-food chain aims to attract tech-savvy customers who prefer using digital currencies for transactions. The implementation of Bitcoin payments nationwide by Steak 'n Shake marks a significant milestone in the mainstream adoption of cryptocurrencies in the United States. It demonstrates a growing acceptance and integration of digital assets into traditional industries, paving the way for wider adoption and utilization of cryptocurrencies in everyday transactions. Overall, the partnership between Steak 'n Shake and Flexa to introduce Bitcoin payments at all its locations nationwide represents a step towards a more digitized and innovative payment ecosystem, offering customers greater convenience and flexibility in how they choose to pay for their meals.

The article discusses the importance of hiring a Bitcoin consultant to navigate the complexities of the cryptocurrency world. It highlights various reasons why individuals and businesses may seek the expertise of a Bitcoin consultant, such as understanding the technology, implementing Bitcoin payments, or developing a Bitcoin investment strategy. The article emphasizes that Bitcoin consultants can provide valuable insights and guidance to help clients make informed decisions and avoid common pitfalls in the industry. Consultants can assist with security measures, regulatory compliance, and overall strategy development. They can also offer personalized advice based on the specific needs and goals of the client. The article provides a list of recommended Bitcoin consultants, including individuals and firms with expertise in various aspects of the cryptocurrency space. Each consultant is briefly described, highlighting their areas of specialization and experience in the field. Overall, the article stresses the importance of conducting thorough research and due diligence when selecting a Bitcoin consultant. It suggests looking for consultants with a strong track record, relevant expertise, and a good reputation in the industry. By hiring a knowledgeable and experienced consultant, individuals and businesses can benefit from professional guidance and support to navigate the rapidly evolving world of Bitcoin and cryptocurrencies.

SEC Commissioner Hester Peirce, also known as "Crypto Mom," criticized the recent settlement between the SEC and Ripple Labs. Peirce expressed her concerns about the settlement and the direction the SEC is taking under the leadership of Chairman Gary Gensler, appointed by President Joe Biden. Peirce's comments came during a speech at the virtual Blockchain Policy Summit, where she discussed the implications of the Ripple case and the broader regulatory environment for cryptocurrencies. She highlighted her disagreement with the SEC's approach to regulating the crypto industry, particularly in cases like Ripple where the agency targeted specific individuals rather than providing clear guidelines for compliance. Peirce argued that the SEC's actions against Ripple could stifle innovation and harm the United States' competitiveness in the global crypto market. She emphasized the need for regulatory clarity and a more flexible regulatory framework that accommodates the unique features of digital assets. Peirce's criticism of the SEC's handling of the Ripple case reflects a broader debate within the crypto community about the role of regulators in the industry. Many in the crypto space argue that excessive regulation could impede innovation and drive businesses to more crypto-friendly jurisdictions. Overall, Peirce's comments underscore the challenges of regulating the fast-growing crypto industry and the need for a balanced approach that protects investors while fostering innovation. Peirce's views also highlight the tensions between different regulatory philosophies within the SEC and the broader crypto community.

Ripple CEO, Brad Garlinghouse, emphasized the importance of regulatory clarity for stablecoins in the United States during a recent interview. He expressed concerns that the U.S. could fall behind in the global race for financial innovation if it does not establish a clear regulatory framework for stablecoins. Garlinghouse pointed out that other countries like China are already making significant progress in this area, creating their own central bank digital currencies which could potentially challenge the U.S. dollar's dominance in global trade. He highlighted the advantages of stablecoins, such as their ability to facilitate fast and low-cost cross-border transactions, but stressed the need for proper oversight to prevent illicit activities. Garlinghouse suggested that the lack of regulatory clarity in the U.S. could hinder innovation and drive companies like Ripple to explore opportunities in more accommodating jurisdictions. Garlinghouse also addressed concerns about the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC) regarding XRP, Ripple's native cryptocurrency. He expressed confidence that Ripple would prevail in the lawsuit and emphasized the company's commitment to working with regulators to ensure compliance with existing laws. In conclusion, Garlinghouse's comments underscore the importance of regulatory clarity for stablecoins in the U.S. to maintain its competitiveness in the global financial landscape. He urged regulators to establish clear guidelines to foster innovation while preventing misuse of digital assets.