Or edit could be beside the highlighted row and new address be beside the ghost row, which in the image provided seems to be the bottom rather than the top. (It should be wherever the newest would be, so top or bottom depending on whether displaying oldest or newest at top).

Copy to clipboard tends in any case to familiarly be related to something that is highlighted, at least in Windows and Linux, I don't know how Mac does it. So maybe that need not move, often I have seen Windows users go to some menu in upper left of their screen to find a copy/cut/paste menu so surely they are used to it not having to be right next to the highlighted thing it is to apply to.

-MarkM-