Coinbase stock price has sunk into a technical bear market in the past few months as sentiment in the crypto industry waned. It was trading at $250 on Tuesday, down sharply from the July high of $444. ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **Crypto Industry** and its outlook for **2026**, highlighting a **tokenization supercycle** that includes the tokenization of stablecoins, capital markets, and prediction markets [1][2][3]. Core Insights and Arguments 1. **2025 Performance**: Despite a weak Q4 in 2025, Bitcoin ended the year down 6%, while crypto equities had an average return of approximately **59%** [1]. 2. **Bitcoin Price Forecast**: The forecast for Bitcoin in 2026 is set at **$150K**, with a peak target of **$200K** in 2027, indicating a belief that the market has bottomed [1][8]. 3. **Stablecoin Growth**: Total stablecoin supply is expected to grow by **56% YoY** to **$420 billion** by 2026, driven by various factors including cross-border payments and fintech integration [2][47]. 4. **Tokenization of Real-World Assets**: The market for tokenized real-world assets is projected to increase from approximately **$37 billion** in 2025 to **$80 billion** in 2026, with equity tokenization expected to rise from **2%** to **16%** of total assets [3][47]. 5. **Prediction Markets**: The total volume for prediction markets is anticipated to double in 2026, reaching around **$70 billion**, with a significant portion of revenue expected from sports and political markets [4]. Company-Specific Insights Robinhood (HOOD) - **Management Strength**: HOOD is recognized for its effective management across equity, crypto, banking, and wealth management, with a strong distribution network of **14 million active traders** [12]. - **Prediction Markets Revenue**: Expected to contribute **9%** of total trading revenue by 2026, with HOOD building its own prediction markets exchange [15][77]. - **Tokenization Platform**: Plans to launch a full-scale equity tokenization platform, potentially impacting revenues significantly [15]. Coinbase (COIN) - **Business Transition**: COIN is transitioning to an 'everything exchange' model, expanding into tokenized stocks, prediction markets, and derivatives [16]. - **New Product Revenue**: New products are expected to drive **17%** of total trading revenues in 2026 [85]. - **Strategic Partnerships**: Partnerships with Circle are aimed at increasing USDC demand across various trading and payment platforms [16]. Circle (CRCL) - **Market Position**: Circle remains the largest regulated stablecoin provider in the U.S., with USDC growing by **73%** in 2025 to **$76 billion** [19][89]. - **Revenue Growth**: Despite concerns over interest rates, Circle's revenue and EBITDA have shown strong growth, maintaining pace with market demands [19]. Figure (FIGR) - **Loan Origination**: FIGR is expected to capture **5%** of U.S. HELOC origination by 2026, with strong momentum in tokenized consumer credit [26]. - **EBITDA Margin Expansion**: Projected EBITDA margins are expected to increase from **47%** in 2025 to **52%** in 2026 [26]. MicroStrategy (MSTR) - **Bitcoin Holdings**: MSTR holds approximately **674K BTC**, valued at around **$63 billion**, with a strong cash position to cover dividends [30]. - **Market Recovery**: MSTR is expected to benefit significantly from Bitcoin price appreciation, with a forecasted price of **$150K** in 2026 [31]. IREN - **AI Pivot**: IREN is focusing on building a vertically integrated AI business, with plans to set up **100K GPUs** over **350MW** of power [34]. - **Revenue Potential**: Expected to generate approximately **$2.5 billion** in annual recurring revenue by 2027 [39]. Important but Overlooked Content - **Regulatory Catalysts**: Key regulatory changes, such as the SEC crypto innovation exemption and the CLARITY Act, are expected to provide legitimacy to crypto trading platforms and could significantly impact market dynamics [10][11]. - **Market Risks**: The potential launch of crypto trading by legacy brokers and the competitive landscape with new entrants like Binance.US could pose risks to existing players [15][19]. This summary encapsulates the critical insights and projections from the conference call, providing a comprehensive overview of the current state and future outlook of the crypto industry and key companies within it.

Leading cryptocurrencies halted their rally on Tuesday, even as stocks and precious metals kept climbing.CryptocurrencyGains +/-Price (Recorded at 8:20 p.m. ET)Bitcoin (CRYPTO: BTC)-1.69%$92,350.09Ethereum (CRYPTO: ETH)               +0.57%$3,247.04XRP (CRYPTO: XRP)                         -5.03%$2.26Solana (CRYPTO: SOL)                         +1.24%$139.66Dogecoin (CRYPTO: DOGE)                         -3.20%$0.1474Crypto Rally StallsBitcoin fell sharply to $91,280 in early-afternoon trading before reboun ...

Group 1 - Coinbase Markets announced that Brevis (BREV) spot trading will launch on January 6, 2026 [1] - The BREV-USD trading pair will open later on the same day, subject to liquidity conditions [1] - The trading will be available in regions that support the transaction [1]

Key Takeaways COIN will suspend USDC-ARS trades in Argentina from Jan. 31, 2026, though crypto trading will stay live.Crypto access in the Philippines was blocked after COIN ran into licensing issues with local regulators.COIN is targeting RWA perpetuals, DeFi infrastructure and AI to build an "everything exchange."Coinbase Global (COIN) has paused some of its Argentina operations. The crypto leader has suspended buying or selling the USDC stablecoin using Argentine pesos, effective Jan. 31, 2026. However, ...

Coinbase (COIN) stock made a sharp 8% upside on Jan. 5 after banking giant Goldman Sachs upgraded the stock in its latest report. The bank cited growth in tokenization, crypto infrastructure, and prediction markets as key drivers behind its bullish outlook. This happens as Coinbase makes a move to become the “everything exchange” in 2026. Goldman Sachs Upgrades Coinbase (COIN) Stock Target After ending 2025 in a negative territory, the COIN stock is seeing fresh buying interest from investors. On Jan. 5, ...

In H2 2025, COIN, the stock behind Coinbase, one of the world’s largest crypto exchanges, tanked by nearly -50%. Starting off 2026 decently, is Coinbase ready to defy gravity? Looks like so. After days of sideways chop, there are hints of strength. On Monday, COIN jumped by about +8% after Goldman Sachs upgraded COIN from “neutral” to “buy” and raised its 12‑month target from $294 to $303. The stock traded around $255 after the move, which implies roughly +18% upside if Goldman’s new target plays out. ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website discusses the complexities and high risks associated with cryptocurrencies and CFDs, highlighting the potential for significant financial loss [1]. - It encourages users to conduct their own research and fully understand the instruments and risks involved before making investment decisions [1].

（来源：吴说） Coinbase 全球投资研究主管 David Duong 警告称，随着量子计算进展加速，比特币长期安全性正面临结 构性风险，约 三分之一的比特币因相关钱包公钥已公开，可能在未来量子攻击中处于脆弱状态。其指 出，量子威胁已从理论问题演变为现实风险，核心隐患在于签名安全而非挖矿效率。今年 5 月， BlackRock 亦在其 iShares Bitcoin Trust 的招股文件中将量子计算明确列为风险因素。（DL News） ...

Coinbase Global Inc. (NASDAQ:COIN)  CEO Brian Armstrong said Monday that his longevity startup, NewLimit, is working on extending human lifespan by treating age-related diseases.Can Aging Diseases Be Erased?Armstrong said in an X post that the new venture’s goal is to extend healthspan by restoring the function cells had when they were younger.“The thing that got me excited about that was like all these major diseases are correlated with aging,” Armstrong shared a clip from his recent podcast with Rick Robi ...