X @Wu Blockchain

JPMorgan’s latest report says Coinbase’s potential Base token could be worth up to $34 billion, creating a new monetization path alongside USDC yields and onchain trading. The bank estimates Base’s market cap between $12B–$34B, with Coinbase likely holding about 40% of supply, worth $4B–$12B in equity value. Coinbase currently earns around $400M annually from Circle’s USDC reserve interest.https://t.co/hPxsc5vXze ...