JPMorgan’s Secret Recipe: Coinbase, Base, and USDC – A Financial Feast! 💰🚀

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Coinbase shares soared like a rocket powered by a squirrel’s energy, thanks to JPMorgan Chase’s magical upgrade to “overweight” on the monetization potential of the Base Network. 🦔💸

The bank also whispered secrets about Coinbase’s USDC rewards and new Base-integrated DEX features, which supposedly boost profits and risk-management levers. Or maybe they just wanted to sound important. 🤷‍♂️

JPMorgan Upgrades Coinbase Stock

Coinbase shares (COIN) rallied on Friday, as if they’d finally discovered the secret to eternal happiness. JPMorgan, the financial wizard, lifted their rating from “neutral” to “overweight” and raised their price target to $404, which is roughly 15% more than the current level. According to JPMorgan, Coinbase is now leaning into its Base Layer-2 technology, which is as mysterious as a locked diary in a haunted house. 👻

The bank also predicted that the launch of a Base token could be a $12 billion to $34 billion opportunity, which is more money than a pirate’s treasure chest. JPMorgan analysts added that the Base token’s distribution would likely favor developers, validators, and the larger Base community. Or, as we like to call them, the “chosen ones.” 🎁

Analysts also highlighted Coinbase’s integration of a DEX aggregator within the Base app, which is like giving a toddler a knife and expecting them to chop vegetables. 🧒🔪

USDC Rewards

JPMorgan also hinted at margin expansion potential due to changes in Coinbase’s USDC rewards program. According to the bank, Coinbase may reduce interest rewards for most users, offering them primarily to Coinbase One users. This is as generous as a goblin sharing his gold. 🧙‍♂️

COIN shares rallied over 9% following the news, reaching $353. The stock’s value is up about 42% year-to-date, taking the company’s market capitalization past $90 billion. That’s enough money to buy a small country… or a very fancy cat. 🐱💰

Attention Turns To Coinbase Earnings

Coinbase will report its third-quarter earnings results on October 30. According to Zacks Investment Research, analysts expect the company to post earnings of $1.06 per share, a 71% increase year-over-year. Or as we like to call it, “a number so big, it’s practically a miracle.” 🎉

Coinbase reported a mixed second quarter, with the exchange missing earnings expectations. However, it achieved several operational milestones, including higher stablecoin revenue and rising stablecoin balances. Coinbase has also been focusing on its subscription and services segment. Analysts expect the segment to contribute between $665 million and $745 million in the third quarter. The exchange also highlighted several key developments during the quarter. These include the approval of the GENIUS Act. The act established a clear regulatory framework in the US for stablecoin adoption. Or, as someone might say, “Finally, a rulebook that even a toddler could follow.” 🧒📜

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2025-10-25 19:33