The Bitcoin Halving Is Done. 2 Cryptocurrencies to Buy Now.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2024
0mins
Source: NASDAQ.COM
- Bitcoin Halving and Crypto Market: The recent Bitcoin halving has not caused immediate price surges, but historical trends suggest long-term positive effects on prices.
- Cryptocurrency Opportunities: Bitcoin spot-price ETFs approval and upcoming Ethereum spot ETFs are expected to bring bullish effects to the crypto market.
- Bitcoin's Fourth Halving: Bitcoin's fourth halving has reduced the block reward, lowering its effective inflation rate below that of gold.
- Polkadot's Performance: Polkadot's price has fluctuated in 2024, presenting a potential buying opportunity for investors interested in Web3 technology.
- Investment Advice: The article suggests keeping an eye on Bitcoin and Polkadot for potential price gains and provides information on other stock investment opportunities.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 180.010
Low
230.00
Averages
361.63
High
440.00
Current: 180.010
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Institutional Interest: Prediction market platforms like Kalshi are actively attracting institutional investors and hedge funds, with trading volumes surging to $178 billion over the past six months, indicating strong interest from large financial players that could reshape traditional finance.
- First Customized Trade: Kalshi recently executed its first customized block trade on its platform, signaling its efforts to target larger institutional clients, which is expected to further enhance market liquidity and trading activity.
- Liquidity Challenges: Despite rising institutional interest, analysts warn that liquidity issues must be addressed, as large trades can lead to significant price swings, with institutional investors requiring high liquidity standards for participation.
- Infrastructure Development: Kalshi is partnering with major brokers like Clear Street to improve liquidity and attract more institutional clients, indicating that prediction markets are gradually being recognized as a legitimate alternative asset class.
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Hyperliquid Partners with Coinbase for Yield Sharing Agreement
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- Stablecoin Market Potential: With approximately $6.8 billion in stablecoins on the Hyperliquid network, 95% of which are USDC, the yield-sharing agreement will create a new demand source for Hype tokens, further driving price appreciation and enhancing market competitiveness.
- Utilization of Trading Fees: Hyperliquid uses 99% of trading fees to buy back Hype tokens, and combined with the new agreement's yield, holders will benefit from higher price returns, establishing a dual value capture mechanism that increases investment appeal.
- Risks and Opportunities: While the yield-sharing agreement is promising, risks remain if the Federal Reserve cuts interest rates or if competitors offer better terms, which could lead to a migration of Hyperliquid's USDC supply, necessitating careful evaluation of market risks versus potential rewards.
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Hyperliquid Partners with Coinbase for Yield Sharing Agreement
- Yield Sharing Agreement: Hyperliquid's deal with Coinbase allows it to capture up to 90% of the yield from USDC deposits, translating to an estimated $135 million to $160 million in annual buybacks for its native coin Hype, significantly enhancing returns for holders.
- Stablecoin Market Impact: With approximately $6.8 billion in stablecoins on the Hyperliquid platform, 95% of which are USDC, the yield-sharing agreement provides a stable cash flow that helps maintain competitiveness during market volatility, boosting investor confidence.
- Trading Fee Mechanism: Hyperliquid employs a model that uses 99% of trading fees to buy back Hype, and the addition of this new yield stream creates a dual value capture mechanism that further drives demand for Hype, potentially increasing its market price and enhancing returns for holders.
- Market Risks and Opportunities: While the yield-sharing agreement presents a positive outlook, risks such as potential Federal Reserve interest rate cuts or competing venues offering better terms could impact Hyperliquid's USDC supply, necessitating careful risk-reward assessment by investors.
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- Exchange Migration: Bitmine transitioned from NYSE American to the New York Stock Exchange (NYSE) on April 9, 2026, a move that not only elevates the company's market profile but may also attract more institutional investors to its stock.
- Launch of MAVAN Platform: The introduction of MAVAN (Made in America Validator Network) aims to provide secure and reliable Ethereum staking services for institutional investors, which is expected to enhance its competitiveness in the cryptocurrency space and attract more capital inflow.
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- State vs. Federal Authority Dispute: The CFTC claims exclusive authority to regulate prediction markets, while some states are attempting to assert their own regulatory powers, potentially leading to legal disputes that may escalate to the Supreme Court for resolution.
- Former Chairman's Perspective: Gary Gensler, the former CFTC chairman, stated that the agency lacks the authority under the 2010 Dodd-Frank Act to regulate prediction markets, suggesting that states should have the autonomy to decide, which reflects the complexities and uncertainties in the regulatory framework.
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SpaceX Could Become Largest Publicly Traded Bitcoin Holder
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- IPO Plans: According to Grayscale Research, SpaceX plans to go public in June with a target valuation near $1.75 trillion, potentially marking one of the largest initial public offerings in history, thereby enhancing its market position significantly.
- Market Sentiment: On Stocktwits, retail sentiment around SPCX remains in the 'extremely bullish' zone, indicating strong investor confidence in its future performance and reflecting positive expectations regarding its upcoming IPO.
- Bitcoin Strategy: Grayscale noted that more diversified companies are expected to adopt Bitcoin as part of their treasury diversification strategies, with SpaceX and Tesla being early adopters, potentially leading this trend and strengthening their competitive edge in the market.
See More
Prediction Markets Attracting Institutional Investors
- Institutional Interest: Prediction market platforms like Kalshi are actively attracting institutional investors and hedge funds, with trading volumes surging to $178 billion over the past six months, indicating strong interest from large financial players that could reshape traditional finance.
- First Customized Trade: Kalshi recently executed its first customized block trade on its platform, signaling its efforts to target larger institutional clients, which is expected to further enhance market liquidity and trading activity.
- Liquidity Challenges: Despite rising institutional interest, analysts warn that liquidity issues must be addressed, as large trades can lead to significant price swings, with institutional investors requiring high liquidity standards for participation.
- Infrastructure Development: Kalshi is partnering with major brokers like Clear Street to improve liquidity and attract more institutional clients, indicating that prediction markets are gradually being recognized as a legitimate alternative asset class.
See More
Hyperliquid Partners with Coinbase for Yield Sharing Agreement
- Yield Sharing Agreement: Hyperliquid has partnered with Coinbase, making Coinbase the USDC treasury deployer on its network, with Circle managing cross-chain infrastructure, potentially generating $135 million to $160 million in annual revenue for Hyperliquid, significantly enhancing returns for holders.
- Stablecoin Market Potential: With approximately $6.8 billion in stablecoins on the Hyperliquid network, 95% of which are USDC, the yield-sharing agreement will create a new demand source for Hype tokens, further driving price appreciation and enhancing market competitiveness.
- Utilization of Trading Fees: Hyperliquid uses 99% of trading fees to buy back Hype tokens, and combined with the new agreement's yield, holders will benefit from higher price returns, establishing a dual value capture mechanism that increases investment appeal.
- Risks and Opportunities: While the yield-sharing agreement is promising, risks remain if the Federal Reserve cuts interest rates or if competitors offer better terms, which could lead to a migration of Hyperliquid's USDC supply, necessitating careful evaluation of market risks versus potential rewards.
See More
Hyperliquid Partners with Coinbase for Yield Sharing Agreement
- Yield Sharing Agreement: Hyperliquid's deal with Coinbase allows it to capture up to 90% of the yield from USDC deposits, translating to an estimated $135 million to $160 million in annual buybacks for its native coin Hype, significantly enhancing returns for holders.
- Stablecoin Market Impact: With approximately $6.8 billion in stablecoins on the Hyperliquid platform, 95% of which are USDC, the yield-sharing agreement provides a stable cash flow that helps maintain competitiveness during market volatility, boosting investor confidence.
- Trading Fee Mechanism: Hyperliquid employs a model that uses 99% of trading fees to buy back Hype, and the addition of this new yield stream creates a dual value capture mechanism that further drives demand for Hype, potentially increasing its market price and enhancing returns for holders.
- Market Risks and Opportunities: While the yield-sharing agreement presents a positive outlook, risks such as potential Federal Reserve interest rate cuts or competing venues offering better terms could impact Hyperliquid's USDC supply, necessitating careful risk-reward assessment by investors.
See More
Bitmine Holds 4.47% of Total ETH Supply
- Significant ETH Holdings: Bitmine currently holds 4,712,917 ETH, valued at $10.1 billion at the current price of $2,134, highlighting its crucial position in the Ethereum market and expected to further enhance its market influence.
- Exchange Migration: Bitmine transitioned from NYSE American to the New York Stock Exchange (NYSE) on April 9, 2026, a move that not only elevates the company's market profile but may also attract more institutional investors to its stock.
- Launch of MAVAN Platform: The introduction of MAVAN (Made in America Validator Network) aims to provide secure and reliable Ethereum staking services for institutional investors, which is expected to enhance its competitiveness in the cryptocurrency space and attract more capital inflow.
- Strong Liquidity: Bitmine's average daily trading volume reaches $572 million, ranking it 193rd in the U.S., indicating high liquidity and market activity of its stock, further solidifying its appeal among investors.
See More
CFTC Proposal to Regulate Prediction Markets Under Review
- Regulatory Proposal Review: The Commodity Futures Trading Commission (CFTC) is currently reviewing a proposal to regulate prediction markets like Kalshi and Polymarket, which could significantly impact the operational frameworks and compliance requirements of these emerging markets.
- Trump's Support for Regulation: Former President Trump emphasized the importance of maintaining the CFTC's exclusive authority over prediction markets in a social media post, arguing that this is crucial for the U.S. to remain competitive in the global financial landscape, highlighting the intersection of politics and financial regulation.
- State vs. Federal Authority Dispute: The CFTC claims exclusive authority to regulate prediction markets, while some states are attempting to assert their own regulatory powers, potentially leading to legal disputes that may escalate to the Supreme Court for resolution.
- Former Chairman's Perspective: Gary Gensler, the former CFTC chairman, stated that the agency lacks the authority under the 2010 Dodd-Frank Act to regulate prediction markets, suggesting that states should have the autonomy to decide, which reflects the complexities and uncertainties in the regulatory framework.
See More
SpaceX Could Become Largest Publicly Traded Bitcoin Holder
- Bitcoin Holdings: SpaceX currently holds 18,712 Bitcoin valued at approximately $1.4 billion, making it the eighth-largest corporate Bitcoin holder globally, and it is expected to become the largest publicly traded diversified Bitcoin company post-IPO.
- IPO Plans: According to Grayscale Research, SpaceX plans to go public in June with a target valuation near $1.75 trillion, potentially marking one of the largest initial public offerings in history, thereby enhancing its market position significantly.
- Market Sentiment: On Stocktwits, retail sentiment around SPCX remains in the 'extremely bullish' zone, indicating strong investor confidence in its future performance and reflecting positive expectations regarding its upcoming IPO.
- Bitcoin Strategy: Grayscale noted that more diversified companies are expected to adopt Bitcoin as part of their treasury diversification strategies, with SpaceX and Tesla being early adopters, potentially leading this trend and strengthening their competitive edge in the market.
See More
