U.S. Bank Upgrades Coinbase Stock to 'Buy'
On January 8, Bank of America upgraded Coinbase’s rating to "Buy," citing accelerated product expansion, strategic realignment, and a more compelling current valuation as key catalysts.
While Coinbase’s stock has pulled back ~40% from its July peak, the firm’s product momentum has improved in the second half of the year, per BofA. The bank highlighted Coinbase’s accelerated push into stocks, ETFs, and prediction markets; its Layer 2 network Base is viewed as a critical infrastructure-level growth engine. Additionally, Coinbase Tokenize is expected to act as a major driver for Real World Asset (RWA) tokenization.
With its P/E ratio down ~40% from mid-2024 levels, BofA reaffirmed its $340 price target for Coinbase—implying ~38% upside—and noted the exchange is positioned to retain long-term industry leadership through 2026.
7 minutes ago
After the US Initial Jobless Claims data release, the probability of a 25 basis points interest rate cut by the Federal Reserve in January is 11.6%.
On Jan. 8, U.S. weekly initial jobless claims totaled 208,000 for the week ended Jan. 3—below the 210,000 consensus estimate. The prior week’s reading was revised up to 200,000 from 199,000.
Per CME FedWatch data, following today’s claims release, the probability of a 25-basis-point Fed rate cut in January stands at 11.6%, while odds of holding rates steady are 88.4%.
7 minutes ago
US Initial Jobless Claims Fall to 208K in Week Ending January 3, Expected 210K
January 8: U.S. initial jobless claims for the week ending January 3 came in at 208,000, vs. expectations of 210,000. The prior week’s figure was revised up from 199,000 to 200,000. (FXStreet)
7 minutes ago
Analysis: The main reasons for the current Bitcoin price drop are the weakening of the early-year rally momentum, increased safe-haven sentiment ahead of the U.S. employment data release, and outflows from ETFs.
Jan. 8 (Decrypt) — As Bitcoin continues to slide, New Year’s optimism has nearly faded, with most gains from the first week of the year already retraced.
Per CoinGecko data, Bitcoin is down 2.4% over the past 24 hours, currently trading at $89,881. Total crypto liquidations in the same period exceed $477 million.
Illia Otychenko, Chief Analyst at CEX.IO, noted: “Bitcoin’s drop below $90,000 signals weakening momentum in the New Year’s market. Initial capital inflows in early 2026 and modestly bullish geopolitical news provided early support, but that momentum wasn’t enough to sustain a continued rebound.”
Wenny Cai, COO of SynFutures, said: “Despite a strong start to 2026 and ongoing structural positives, Bitcoin has consistently struggled to hold above $90,000 — a trend driven by multiple factors. She pointed to rising global risk aversion, as investors await key macroeconomic indicators (including U.S. employment data) that are curbing risk appetite. This risk-off behavior h
7 minutes ago
The US Supreme Court is about to rule on the Trump Tariffs case
**U.S. Supreme Court to Rule Soon on Legality of Trump-Era Global Tariffs**
(Jan. 8) — The U.S. Supreme Court is expected to issue a ruling soon on whether global tariffs imposed by the Trump administration under the International Emergency Economic Powers Act are legal. If the court strikes down the tariffs, importers could seek refunds of up to $150 billion in tariffs already paid to the U.S. government.
A critical challenge, however, is uncertainty around the refund process: Even if successful, businesses widely anticipate the Trump administration will delay or deny refunds.
While U.S. Customs has hinted at rolling out an electronic refund system, the fully automated process remains unclear. To proactively protect their interests, major importers including Costco have filed preemptive lawsuits. Small and medium-sized enterprises (SMEs), meanwhile, are selling their refund claims on the secondary market to hedge funds at steep discounts (pennies on the dollar).
Experts adv
7 minutes ago
Chainalysis: Illegal Cryptocurrency Transactions Hit $154 Billion Last Year, Sanctioned Entity Funds Flow Surge 694%
On January 8, Chainalysis published a report showing national-level tracking of cryptocurrency activity jumped sharply in 2025. Illicit groups now operate large-scale on-chain infrastructure to help transnational criminal networks access goods, services, and launder illicitly obtained crypto. Stablecoins dominate the illicit transaction space, currently accounting for 84% of all illicit volume.
Data indicates 2025 saw at least $154 billion in illicit crypto transactions—up 162% year-over-year, driven primarily by a 694% surge in funds flowing to sanctioned entities. Even if those sanctioned funds stayed flat from the prior year, 2025 would still be a record year for crypto crime, as most illicit activity categories posted gains.
7 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
