Coinbase Warns of Withdrawal from Stablecoin Bill, Potentially Impacting $1.3 Billion Revenue
- Legislative Risk Warning: Coinbase has indicated that it may withdraw support for a key digital asset bill if new restrictions threaten its ability to pay customers holding stablecoins, which could undermine its competitive position in the stablecoin market.
- Revenue Dependency: Coinbase shares interest income from the USDC stablecoin with Circle, with total stablecoin earnings projected to reach $1.3 billion by 2025; restrictions on rewards could directly impact user willingness to store stablecoins on the platform.
- Political Influence: Coinbase has invested heavily in the 2023-2024 election cycle, demonstrating its influence in the legislative process, particularly regarding the stablecoin rewards issue, which could jeopardize bipartisan cooperation.
- Market Uncertainty: The reward provisions of the new bill are still under discussion, and Coinbase's warning could delay the legislative process, with analysts estimating the odds of passage in the next six months dropping below 70%, increasing market uncertainty.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for WLFI
Technical Sentiment Analysis for World Liberty Financial (WLFI) As of , World Liberty Financial (WLFI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WLFI 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, WLFI 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 $-.
World Liberty Financial (WLFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0321 | 0.0641 | 0.0941 | 0.126 | 0.156 | 0.188 | 0.218 |
| Fibonacci | 0.0641 | 0.0878 | 0.102 | 0.126 | 0.15 | 0.164 | 0.188 |
About WLFI
About the author
