Coinbase CEO Brian Armstrong has set an audacious goal for 2026: to transform the cryptocurrency exchange into the world’s leading financial application. Central to this strategy is a major scaling of stablecoin offerings and payments infrastructure, alongside a global push for onchain adoption via its Base network. While the announcement builds on strong Q3 2025 financial results, industry analysts caution that the timeline may be ambitious, emphasizing that true mass adoption requires solving tangible user problems beyond mere technological migration.
about Coinbase Aims to Be Top Financial App, Scales Stablecoins in 2026David Duong
0 posts last weekBitcoin DATs Vanish as Institutional Support Falters
Major Bitcoin institutional buyers have largely disappeared from the market following October’s price correction, creating fragility at current support levels according to Coinbase research. Bitcoin digital asset treasury companies that typically provide strong market support have shown little re-engagement even during brief recoveries, with BTC buying falling to near year-to-date lows, while Ethereum demand remains concentrated around a single player, leaving the crypto market vulnerable to further downside pressure.
about Bitcoin DATs Vanish as Institutional Support FaltersCrypto Treasuries Halt Bitcoin Buying After October Crash
Public companies holding Bitcoin and Ethereum have largely stopped accumulating digital assets following October’s market downturn. According to Coinbase research, crypto treasury firms have significantly reduced their BTC purchases despite recent price rebounds. This trend signals a notable shift in institutional confidence toward cryptocurrency investments.
about Crypto Treasuries Halt Bitcoin Buying After October CrashBitMine Buys $1.7B ETH Since Market Crash, Nears 5% Supply Goal
BitMine Immersion Technologies has executed its fourth major Ethereum purchase since October’s market downturn, acquiring $250 million in ETH this week alone. The aggressive accumulation strategy has seen the company purchase $1.74 billion worth of Ethereum since the market crash, bringing its total holdings to approximately 3.17 million ETH—representing about 2.6% of the entire Ethereum supply as it progresses toward its ambitious 5% target. Chairman Tom Lee remains bullish on the crypto cycle’s potential, confirming the company is preparing to launch its own Ethereum staking solution in the near future.
about BitMine Buys $1.7B ETH Since Market Crash, Nears 5% Supply GoalInstitutional Investors Bullish on Bitcoin Through 2026
Institutional investors are demonstrating strong optimism for Bitcoin’s performance over the coming months and years, with new research from Coinbase revealing that approximately two-thirds of professional investors maintain a positive outlook for the cryptocurrency. This bullish sentiment, documented in a comprehensive survey of 124 institutional participants, sets the stage for potential market strength extending through 2026 and suggests a potentially robust fourth quarter for cryptocurrency markets.
about Institutional Investors Bullish on Bitcoin Through 2026Coinbase Predicts Digital Asset Treasury M&A Wave
Coinbase’s investment research head David Duong predicts a wave of mergers and acquisitions in the digital asset treasury sector, pointing to the recent Strive-Semler Scientific deal as a template for future consolidation. This trend is expected to accelerate as the market cycle matures and companies seek to boost share prices and attract investors, potentially leading to the emergence of dominant players in the digital asset treasury space.
about Coinbase Predicts Digital Asset Treasury M&A WaveCrypto Treasuries Enter ‘Player vs Player’ Era: Coinbase
Coinbase researchers David Duong and Colin Basco warn that the era of easy money and guaranteed premiums for crypto treasury strategies is ending. Digital asset treasuries (DATs) are entering a competitive ‘player versus player’ phase where only strategically positioned firms will thrive. This increased competition among crypto-buying companies is expected to benefit crypto markets overall, as unprecedented capital flows from these vehicles could supercharge returns and drive market prices higher. The maturation of the crypto treasury market signals a shift from simple strategy copying to more sophisticated approaches required for success.
about Crypto Treasuries Enter 'Player vs Player' Era: CoinbaseBitcoin Dominance Dips as Altcoins Surge: Altseason Ahead?
Bitcoin’s dominance in the crypto market has dropped to its lowest level in six months, while altcoins have collectively surged by 50% since July, according to Coinbase. Analysts, including David Duong, Coinbase Institutional’s global head of research, suggest these conditions may herald an imminent altcoin season as early as September. The shift reflects growing investor interest in alternative cryptocurrencies, potentially reshaping market dynamics in the coming weeks. This trend aligns with broader predictions of a rotation away from Bitcoin dominance towards a more diversified crypto portfolio among traders.
about Bitcoin Dominance Dips as Altcoins Surge: Altseason Ahead?Bitcoin & Crypto Set for 2025 Upside: Coinbase Analyst
Coinbase analyst David Duong predicts Bitcoin and crypto will reach new all-time highs in the second half of 2025, citing diminished recession risks and a US policy shift. While market optimism is bolstered by potential fiscal stimulus, Duong warns that rising long-term Treasury yields (reaching 5.15% in May) could tighten financial conditions, increasing borrowing costs and sparking volatility in equities. This scenario may benefit store-of-value assets like Bitcoin and gold over altcoins. The analyst maintains that despite short-term fluctuations, the macro disruption from recent tariff tensions has passed, setting the stage for crypto’s upward trajectory.
about Bitcoin & Crypto Set for 2025 Upside: Coinbase AnalystCoinbase Warns of Systemic Risks from Corporate Bitcoin Dependence
Coinbase’s Head of Research, David Duong, has issued a stark warning about the systemic risks posed by publicly traded companies increasingly investing in Bitcoin. These firms, which now hold over 819,857 BTC collectively, could trigger a market-wide sell-off if Bitcoin’s price declines, forcing them to liquidate holdings to repay investors. While Coinbase remains confident in Bitcoin’s upward trajectory, Duong highlights the potential for destabilization if prices fall, leading to indiscriminate selling. The trend, driven by new accounting rules allowing unrealized crypto gains, has seen companies like Tesla and GameStop invest billions. Analysts, including those from Standard Chartered, echo concerns, predicting severe consequences if BTC drops below $90,000.
about Coinbase Warns of Systemic Risks from Corporate Bitcoin DependenceBitcoin’s Decoupling from Stocks: Trend or Temporary?
Bitcoin’s recent outperformance compared to stocks has raised questions about whether it’s decoupling from risk assets and evolving into a ‘safe haven’ similar to gold. Analysts highlight that while Bitcoin’s 30-day correlation with the S&P 500 has weakened (0.65), the trend may be tied to temporary USD weakness rather than a structural shift. U.S. Treasury Secretary Bessent’s comments on tariff de-escalation and Trump’s pressure on the Fed contributed to Bitcoin’s rally. However, experts like Coinbase Institutional’s David Duong caution that sustained decoupling needs confirmation across varying market conditions. The U.S. Dollar Index (DXY) will be critical in determining Bitcoin’s future trajectory relative to equities.
about Bitcoin's Decoupling from Stocks: Trend or Temporary?Coinbase Warns of New Crypto Winter as Market Turns Bearish
Coinbase’s April Monthly Outlook report highlights a steep decline in crypto valuations, with the total market cap (excluding Bitcoin) dropping 41% from its December 2024 peak of $1.6 trillion to $950 billion by mid-April. Technical indicators, such as Bitcoin and the COIN50 Index breaking below their 200-day moving averages, suggest the onset of a bearish cycle. The report notes that traditional bull/bear market definitions are too simplistic for crypto, favoring risk-adjusted metrics like z-scores and 200DMA trends. Despite short-term caution, Coinbase remains optimistic about a potential recovery in late 2025, emphasizing the need for discipline amid macroeconomic pressures and growing market complexity.
about Coinbase Warns of New Crypto Winter as Market Turns Bearish