Coinbase Draws Line as Stablecoin Reward Limits Threaten $1.3bn Revenue Stream
- Revenue Threat: Coinbase anticipates stablecoin-related revenue could reach $1.3 billion by 2025, but any implementation of reward limits would directly undermine this projection, posing a significant threat to the company's profitability.
- Policy Opposition: Coinbase has strongly opposed the GENIUS Act's proposal to restrict stablecoin rewards, arguing that such limitations would alter the economics of digital assets and harm competition and innovation.
- Banking Pressure: Traditional banking groups are urging lawmakers to impose stricter regulations on crypto incentives, warning that such measures could lead to deposit losses, thereby weakening lending capabilities for small businesses and homebuyers.
- Political Implications: Coinbase's stance on stablecoin rewards may shape the future profitability of U.S. crypto platforms, especially given its status as a major donor to President Trump, adding complexity to the political landscape surrounding crypto legislation.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00245 | 0.00654 | 0.0147 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00654 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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