Coinbase Stock Reaches Post-2021 Peak Amid Market Rally

The Federal Housing Finance Agency (FHFA) is exploring a groundbreaking policy that would allow cryptocurrency holdings from regulated U.S. exchanges to be considered in mortgage applications. - Policy could enable Bitcoin and other crypto assets held on platforms like Coinbase to count toward mortgage qualifications - Represents significant shift in traditional mortgage lending criteria - Cathie Wood suggests this could trigger wealth redistribution in real estate markets This development marks a notable step toward mainstream integration of digital assets in traditional finance. The policy is currently under review and could reshape how Americans qualify for home loans.

US Bitcoin mining operations face a complex economic landscape as new tariffs reshape the industry. The measures are expected to increase hardware costs, potentially impacting profit margins for mining operations. However, the tariffs may have a silver lining: - Potential boost to domestic manufacturing - Development of local supply chains - Reduced dependency on Asian manufacturers *Key Considerations*: - Higher initial investment costs - Long-term benefits for US-based supply chain - Transition period challenges for existing operations **Impact Assessment**: The industry faces a period of adjustment as companies balance increased costs against potential domestic manufacturing opportunities.

Key developments in the crypto space: - **Ethereum** drops 10% to $2,174.06, though on-chain metrics show increased activity - **Norway** announces plans to restrict new crypto mining centers due to energy concerns - Institutional interest remains strong with **$1.24B inflows** into crypto funds (June 16-20) - Security Alert: CoinMarketCap and Cointelegraph face front-end compromises through malicious airdrop scams Recent context shows positive institutional adoption trends, with JPMorgan launching JPMD token and Shopify enabling USDC payments via Coinbase.

Chinese e-commerce giant JD.com plans to launch a stablecoin in Q4 2025, joining a growing trend of major financial institutions entering the digital currency space. Key developments: - JD's stablecoin will be pegged to HKD and other currencies - Initial B2B focus with planned expansion to retail in Hong Kong and Macau - Public blockchain implementation for transparency - HKMA-supervised testing since July 2024 This follows significant moves by traditional finance: - Major US banks discussing consortium stablecoin - HSBC launches tokenized deposits in Hong Kong - BNP Paribas introduces tokenized money market fund - Hong Kong passes comprehensive stablecoin regulation [Read HKMA press release](https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/05/20250521-3/)