The US Capitol in Washington, DC, US, on Thursday, Dec. 11, 2025. Daniel Heuer | Bloomberg | Getty ImagesLawmakers this week plan to revisit efforts to pass a market structure bill that will determine the crypto industry's future in the U.S. — reviving legislative efforts that stagnated last year.On Thursday, the Senate Agriculture and Banking Committees are expected to hold hearings on their respective parts of the crypto bill, where they might revise the text. This will lay the groundwork for establishing ...

Group 1 - Over the past year, Robinhood's shares have more than doubled as trading volumes surged across various asset classes including stocks, options, and crypto [1] - The recent increase in trading volumes also includes prediction market contracts, indicating a diversification in the types of trades being executed on the platform [1] Group 2 - The article highlights the experience of Gary Alexander, who has a background in covering technology companies and advising startups, suggesting a knowledgeable perspective on industry trends [1]

Coinbase Global Inc. (NASDAQ:COIN) is one of the oversold stocks to buy now. On January 6, Bernstein analyst Gautam Chhugani lowered the firm’s price target on Coinbase to $440 from $510, while keeping an Outperform rating on the shares. Bernstein anticipates a tokenization supercycle for 2026, characterized by the migration of the dollar, capital markets, and event-based assets onto the blockchain. The firm remains optimistic about Bitcoin, expressing confidence that the cryptocurrency and the broader dig ...

（来源：吴说） 作者｜Jiawei @IOSG 原文链接：https://mp.weixin.qq.com/s/oTILrijNpxo4Wh6dIlibOg 声明：本文为转载内容，读者可通过原文链接获得更多信息。如作者对转载形式有任何异议，请联系我们，我们将按照作者要求进行修改。转载仅用于信 息分享，不构成任何投资建议，不代表吴说观点与立场。 一段时间前，我刷到 Jon Charbonneau 的这条推文时忍不住笑了。当 Base 被称作"白人的 BNB Chain"，这个调侃背后到底在说什么？ ▲ Source: Jon Charbonneau Haseeb 的文章《Blockchains are cities》中把以太坊和 Solana 分别比作纽约和洛杉矶。如果我们采用相同的类比方法： BNB Chain 是一座永不休眠的港口城市，承载着来自 Binance 的巨大流量。货轮进出，市场嘈杂，街边摊和交易所并排而立。这里不在乎你从哪里来，只 关心你能不能马上参与。Gas 很低，节奏很快，新项目每天上线，有人赚钱，有人离场。你不需要理解城市规划，也不需要认同某种意识形态——只要知 道哪里热闹、哪里有机会，就 ...

Bitwise CIO Matt Hougan once again reiterated his 2026 outlook. Observing how crypto equities are gaining trust from Wall Street, Hougan believes they are on a path to outperform other equities soon. He primarily gave the example of Coinbase (NASDAQ: COIN). Related: 3 Ways to Gain Exposure to Crypto Through Equities How is Coinbase doing? After a year marked by underperformance, Coinbase has returned to investors’ radar. Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase operates the larges ...

Core Insights - The cryptocurrency market is characterized by volatility and sentiment that can shift rapidly, presenting both opportunities and risks for investors [1] Company Overview - Coinbase Global (COIN) is identified as the largest regulated domestic cryptocurrency broker and is highly correlated with the crypto market, making it a significant player for risk-tolerant traders in 2026 [2] - The company has diversified its offerings by launching adjacent businesses, including the stablecoin USDC through a partnership with Circle, a crypto debit card, blockchain infrastructure, and data analytics services, which helps reduce reliance on volatile cryptocurrency transaction revenue [4] Regulatory Environment - The current pro-crypto stance of Congress and the White House is expected to benefit Coinbase, providing regulatory clarity that could lead to increased competition in the market [5] - The potential approval of more digital currency ETFs could create short-term trading opportunities for Coinbase and its associated products, such as the Direxion Daily COIN Bull 2X ETF (CONX) [4][6] Market Position and Strategy - Coinbase acts as a custodian for some of the largest Bitcoin and Ethereum ETFs, indicating potential for increased business as more digital currency ETFs are introduced [6] - The company ended 2024 with over $400 billion in client-owned cryptocurrency on its platform, emphasizing the importance of custodianship in its operating model [7] - Coinbase's market share expansion and its connection to cryptocurrency ETF approval news could make CONX a valuable tool for short-term traders throughout 2026 [8]

Core Viewpoint - Bank of America has upgraded Coinbase to a "buy" rating, emphasizing the exchange's ambitions to diversify beyond crypto trading and its evolving business model [1] Group 1: Business Expansion Plans - Coinbase is transitioning towards becoming an "everything exchange," allowing users to trade stocks, buy crypto, make peer-to-peer payments, and engage in prediction markets [1] - Upcoming features include 24/5 stock and ETF trading for S&P 500 names, international equity perpetuals launching in 2026, and a new prediction markets tab through a partnership with Kalshi [2] - The expansion aims to enhance user engagement and diversify revenue streams beyond the core crypto trading business, which is sensitive to price fluctuations in assets like bitcoin [3] Group 2: Strategic Initiatives - Coinbase is investing in Base, its Ethereum layer-2 network, with plans to introduce a native token to decentralize the platform and incentivize usage, potentially raising billions in cash [4] - The Coinbase Tokenize platform aims to bring real-world assets, such as private equity and real estate, onto the blockchain, targeting asset managers and younger on-chain investors [5] Group 3: Financial Outlook - Despite a 40% decline in COIN's stock price since July and increasing short interest, Bank of America maintains a $340 price target, indicating nearly 40% upside potential [6] - While Coinbase's near-term financials are susceptible to crypto price volatility, the long-term vision is for the company to evolve from a trading platform into a comprehensive financial hub [7]

Core Insights - Investors are showing a bullish stance on Coinbase Global, with significant options trading activity indicating potential upcoming developments [1][2] - The overall sentiment among large investors is mixed, with 46% bullish and 31% bearish positions noted in recent trades [2] - Significant investors are targeting a price range for Coinbase Global between $2.5 and $650.0 over the past three months [3] Options Activity - A total of 107 uncommon options trades for Coinbase Global were identified, with 33 puts amounting to $3,642,468 and 74 calls totaling $4,311,031 [2] - Noteworthy options activity includes various trades with bullish sentiment, such as a put sweep with a total trade value of $1.4 million and multiple call trades with values ranging from $176,000 to $564,200 [7] Market Status - Coinbase Global's current stock price is $246.42, reflecting a 0.2% increase, with a trading volume of 4,948,837 [10] - Analysts have issued a consensus target price of $287.8 for Coinbase Global, with individual targets ranging from $230 to $340 [9][10][12] - The company is recognized as the leading cryptocurrency exchange platform in the U.S., focusing on compliance and security for retail and institutional investors [8]

Core Viewpoint - Bank of America has revised its forecast for Coinbase, highlighting its potential for strong performance into 2026 due to product expansion, strategic pivots, and improved valuation [1][2] Group 1: Company Overview - Coinbase, founded in 2012, operates the largest cryptocurrency exchange in the U.S. and went public in 2021, joining the S&P 500 index in May 2025 [1] - The company aims to become the "everything exchange," expanding its offerings beyond cryptocurrencies to include stocks, ETFs, and prediction markets [2] Group 2: Market Position and Valuation - Bank of America noted that Coinbase's shares have decreased approximately 40% from their July highs, creating a more attractive entry point for investors [2] - The price-to-earnings (P/E) ratio of Coinbase has significantly compressed since mid-2024, enhancing the stock's risk-reward profile [6] Group 3: Strategic Initiatives - Coinbase is developing its layer-2 network, Base, on Ethereum, which is seen as a crucial step in evolving from a trading platform to a broader crypto infrastructure provider [5] - The potential launch of a native token and the Coinbase Tokenize initiative could position Coinbase as a leader in tokenization, combining issuance, custody, compliance, and access to a large client base [5][6] Group 4: Future Outlook - Bank of America views Coinbase as a long-term winner in the cryptocurrency industry, which is still in the early stages of adoption [7] - The analyst anticipates a more favorable regulatory environment in the U.S. under President Donald Trump, which could provide significant advantages for Coinbase in 2026 [7]

Coinbase Global (COIN) was upgraded to Buy from Neutral at BofA Securities, citing that the company's goal of being an "Everything Exchange" is closer with stocks and sports. The price objective was set at $340.00. Shares were +0.50% to $247.16 ...