offensive
@offensive
Coinbase surged 43% in June, topping the S&P 500. It hit a record high of $382, fueled by the GENIUS bill’s progress. Close ties with Circle let Coinbase grab nearly all USDC-related profits. Trading fees are down, but stablecoin revenue and institutional hype are in focus. Its valuation is shifting from exchange to compliant infrastructure. Some warn the rally may be speculative, noting COIN-BTC divergence risks.
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