The U.S. Senate may vote on the revised GENIUS Act stablecoin legislation before Memorial Day, with this version reportedly removing language related to President Trump's cryptocurrency ties. Coinbase has launched a bounty of 20 million USD to identify and prosecute attackers threatening to leak customer data, while the potential cost of its data breach could reach as high as 400 million USD. JPMorgan analysts have indicated that Bitcoin may have greater upside potential than gold by the end of the year. BTCS plans to issue up to 57.80 million USD in convertible bonds through an agreement with investment firm ATW Partners to purchase Ethereum. Smart wallet adoption has surged, with over 11,000 EIP-7702 authorizations completed within a week after Ethereum's Pectra upgrade. eToro CEO Yoni Assia stated that Warren Buffett convinced him to reduce his focus on cryptocurrencies. Cathie Wood's Ark Invest purchased 9.40 million USD worth of shares in eToro's Nasdaq IPO, continuing to support crypto-related companies. MetaMask co-founder Dan Finlay said that a native token is "possibly" still under consideration but will be announced in advance.

Happy Thursday! The U.S. Senate could vote on a revised GENIUS Act stablecoin bill by Memorial Day — a version that reportedly drops language targeting President Trump's crypto ties, senators say.In today's newsletter, Coinbase turns the tables on a $20 million extortion attempt while the costs of its data breach could reach $400 million. JPMorgan says bitcoin is likely to have more upside than gold into year-end, BTCS seeks to raise $57.8 million to buy ETH, and more.Meanwhile, smart wallet adoption surges with over 11,000 EIP-7702 authorizations on Ethereum within a week of its Pectra upgrade.Plus, eToro CEO Yoni Assia says Warren Buffett convinced him to focus less on crypto.Let's get started.Coinbase launched a $20 million bounty for information that leads to the identification and conviction of attackers who tried to extort the crypto exchange for the same amount by threatening to leak stolen customer data.JPMorgan analysts say the debasement trade hedge against weakening fiat currencies has become a zero-sum game this year, with bitcoin now rising at gold's expense.Nasdaq-listed BTCS plans to issue up to $57.8 million in convertible notes through a facility agreed with investment firm ATW Partners to accumulate ETH, calling it a "critical inflection point" for the asset.Cathie Wood's Ark Invest scooped up $9.4 million in eToro shares on its Nasdaq debut on Wednesday, continuing a strategy of backing crypto-related firms at IPO, as it did with Coinbase in 2021.In an interview on The Block's Crypto Beat podcast, MetaMask co-founder Dan Finlay said a native token is "maybe" still on the table, but would be clearly announced inside the popular web3 wallet beforehand.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Coinbase Responds to Ransomware Threat, Data Breach Costs Could Reach $400 Million, JPMorgan Bullish on Bitcoin Prospects