Coinbase Threatens to Withdraw Support for Stablecoin Bill, Revenue Projected at $1.3 Billion by 2025
- Regulatory Tensions: Coinbase threatens to withdraw support for a U.S. crypto market-structure bill due to new limits on stablecoin rewards, which could directly impact its projected revenue of $1.3 billion by 2025 and reshape its competition with banks.
- Revenue Model Risks: Chief Policy Officer Faryar Shirzad argues that limiting stablecoin rewards would undermine the competitiveness of U.S. dollar-linked digital assets, especially as China announces interest payments on its digital yuan, highlighting competitive pressures in the digital asset space.
- Market Structure Changes: The GENIUS Act allows exchanges to offer stablecoin rewards but prohibits issuers from doing so; Coinbase's warning may compel other exchanges to seek new regulatory strategies, potentially leading to significant structural changes in the crypto industry.
- Innovation vs. Compliance: This regulatory tension underscores the delicate balance between innovation and compliance within the crypto sector, with Coinbase's stance likely influencing trading environments for assets like BTC and ETH, further exacerbating market uncertainties.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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