Coinbase CEO: Banks Could Win Big by Embracing Crypto
- Crypto Infrastructure Integration: Coinbase CEO Brian Armstrong emphasized that banks can enhance services and create new revenue streams by integrating digital asset capabilities such as custody solutions and stablecoin issuance, thereby improving their competitive position in the market.
- Stablecoin Rewards Controversy: Armstrong pointed out that stablecoin rewards have become a major friction point between banks and crypto, noting that policies restricting these rewards may protect bank profits while limiting consumer financial choices and returns.
- Developer Platform Support: Coinbase has provided white-labeled crypto infrastructure to major banks like JPMorgan, PNC, and Citi, facilitating their exploration of compliant blockchain services and showcasing the potential applications of crypto in traditional finance.
- Competition and Innovation: Armstrong warned that internal resistance to crypto integration within banks could stifle innovation, stressing that open competition benefits both banks and consumers in the long run, and encouraging banks to leverage crypto tools to modernize payment and savings products.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 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 crypto.
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 | 0.0048 | 0.0122 | 0.019 | 0.0264 | 0.0331 | 0.0405 | 0.0473 |
| Fibonacci | 0.0122 | 0.0176 | 0.021 | 0.0264 | 0.0318 | 0.0351 | 0.0405 |
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