Bitcoin jolted modestly higher on Iran ceasefire report; oil tumbles 4%

An Israeli TV report said a one-month ceasefire could be announced soon. What to know : Circle shares fell as much as 18%, and Coinbase dropped about 8%, after a draft of the U.S. Clarity Act raised the prospect of strict limits on stablecoin yield. The proposed legislation would bar rewards on passive stablecoin balances and ban structures "economically equivalent to interest," threatening a key incentive...