Coinbase rebounds as altcoins surge with bitcoin above $80,000; SEC signals pro-crypto rules
On Friday, cryptocurrency markets rallied alongside equities, with bitcoin holding above $80,000 and altcoins such as Solana, Chainlink, SUI, and DOT posting gains of around 5%. Near Protocol and Uniswap rose roughly 7%, while Internet Computer Protocol's ICP jumped nearly 12%. The move coincided with a strong session for U.S. stocks: the Nasdaq climbed 2.2% and the S&P 500 added 0.85%, both closing at record highs. Positive labor market data—115,000 jobs added in April versus expectations of 62,000—also contributed to the risk-on mood. Crypto-linked equities rebounded, led by Coinbase (COIN), which recovered 10% from session lows despite reporting a $398 million quarterly loss with softer trading activity. Wall Street analysts focused on longer-term tailwinds from stablecoins and regulation. SEC Chair Paul Atkins said the agency is considering new rules for onchain trading systems, crypto custody infrastructure, and blockchain-based settlement, as finance converges with AI and distributed ledger technology. He also reiterated support for crypto market structure legislation. The regulatory optimism boosted tokenization and infrastructure plays: Bullish (BLSH) rose 6%, BitGo (BTGO) surged 10%, and Cantor Equity Partners II (CEPT), which plans to merge with Securitize, gained 4.3%. For wallet and key holders, the pro-crypto regulatory tone suggests reduced risk of sudden hostile actions, but the altcoin rally underscores continued volatility. Users should remain cautious about phishing and scam tokens that often accompany market surges.
关键事实
- Bitcoin held above $80,000; altcoins like SOL, LINK, SUI, DOT rose ~5%.
- Coinbase recovered 10% after reporting $398M quarterly loss.
- SEC Chair Atkins signaled new rules for onchain trading and custody.
- Tokenization stocks Bullish, BitGo, Cantor Equity Partners gained 4-10%.
- U.S. added 115,000 jobs in April, beating expectations.