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Illustration: Aïda Amer/Axios

Cryptocurrency-focused company Coinbase announced Thursday it has filed confidentially with regulators to go public. It does not specify whether it plans an initial public offering or other listing route.

Why it matters: Coinbase is among the best-known companies in the industry and a long-rumored candidate for a public listing. Bitcoin's price hit a new record on Thursday, surging above $23,000.

Go deeper: Axios Re:Cap podcast — Behind the Bitcoin boom

Go deeper

Dan Primack, author of Pro Rata
Jan 11, 2021 - Podcasts

Bakkt CEO on mainstreaming Bitcoin and other digital assets

Bitcoin exchange and digital wallet company Bakkt announced plans to go public via a SPAC, in a marriage of two of Wall Street's hottest trends.

Axios Re:Cap speaks with new Bakkt CEO Gavin Michael to discuss the company, the deal and if this move will codify cryptocurrencies as part of mainstream American finance.

Stalemate over filibuster freezes Congress

Illustration: Sarah Grillo/Axios

Senate Majority Leader Chuck Schumer and Mitch McConnell's inability to quickly strike a deal on a power-sharing agreement in the new 50-50 Congress is slowing down everything from the confirmation of President Biden's nominees to Donald Trump's impeachment trial.

Why it matters: Whatever final stance Schumer takes on the stalemate, which largely comes down to Democrats wanting to use the legislative filibuster as leverage over Republicans, will be a signal of the level of hardball we should expect Democrats to play with Republicans in the new Senate.

Dave Lawler, author of World
2 hours ago - World

Biden opts for five-year extension of New START nuclear treaty with Russia

Putin at a military parade. Photo: Valya Egorshin/NurPhoto via Getty

President Biden will seek a five-year extension of the New START nuclear arms control pact with Russia before it expires on Feb. 5, senior officials told the Washington Post.

Why it matters: The 2010 treaty is the last remaining constraint on the arsenals of the world's two nuclear superpowers, limiting the number of deployed nuclear warheads and the bombers, missiles and submarines which can deliver them.