Coinbase (COIN) approaching th

Coinbase (COIN) approaching the $400 mark is a critical juncture that reflects both strong momentum in the crypto space and heightened risk. Fundamentally, the company is benefiting from increased institutional adoption, growing revenue from custody and Layer-2 activity (like Base), and a broader crypto rebound. However, at $400, much of this optimism may already be priced in. Technically, this level aligns with key resistance from its 2021 IPO highs, and unless there’s a strong breakout with volume, the risk of a pullback is high—especially with overbought indicators flashing. For short-term traders, this could be a good point to de-risk or trail stops, while long-term holders may choose to ride the macro crypto thesis, knowing volatility is part of the journey.

Coinbase $2.3B Convertible Note: Smart Move or Red Flag?

Coinbase Global was down 6.3%. The crypto exchange unveiled a convertible note offering worth up to $2.3 billion on Tuesday. Coinbase said it plans to offer $1 billion in convertible senior notes due in 2029, and $1 billion due in 2032 in a private offering. The company also expects to grant options to purchase up to an additional $150 million of each set of notes. -------- How do you view a company issuing new shares at high levels? Is it a case of cashing out on retail investors, or simply a good time to raise funds? At what price would it be a good opportunity to buy the dip?

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