Coinbase Institutional, the institutional arm of the US-based digital asset exchange platform, anticipates further consolidation in the crypto market this quarter.
In their latest research, Coinbase Institutional suggests that crypto traders remain cautious amid concerns about a potential US economic recession.
The outlook hinges on how the Federal Reserve may respond, with potential interest rate cuts seen as either boosting liquidity and retail participation if the economy holds steady, or stalling markets if recession fears materialize.
Looking ahead, Coinbase underscores the uncertainty surrounding the short-term impact of potential approvals for Ethereum (ETH) ETFs.
However, they view the long-term prospects for ETH positively, suggesting that ETF launches could bolster the altcoin’s market dynamics over time.
In terms of market expectations, Coinbase expects crypto markets to experience heightened volatility in the coming months, particularly in Q3 2024.
They note the absence of strong market narratives, highlighting debates over the potential effects of upcoming ETH ETF flows.
Despite this uncertainty, Coinbase remains cautiously optimistic, predicting a potential for ETH to gain support and potentially outperform as market dynamics evolve heading into late September.
Lithuania’s central bank has reached out to Robinhood for further details regarding its newly launched stock token products, following a public distancing by OpenAI from the initiative.
As President Trump accelerates his tariff strategy ahead of the August 1 deadline, new White House letters reveal formal trade warnings sent to multiple nations, including Tunisia, Cambodia, Indonesia, and others.
United Arab Emirates authorities have formally denied reports linking Toncoin (TON) ownership or staking to long-term visa eligibility, calling the circulating claims inaccurate and misleading.
Changpeng Zhao, the former head of Binance, has hinted at the possibility of a new initiative that would allow BNB token holders to obtain long-term residency in the United Arab Emirates through a token-staking model.