Coinbase’s Prediction Market Push Could Cannibalize Core Crypto Trading, Mizuho Warns Coinbase • Prediction Markets • Crypto Strategy Coinbase’s Prediction Market Push Could Cannibalize Core Crypto Trading, Mizuho Warns Analysts caution that expanding beyond spot trading may dilute liquidity and user engagement. Coinbase’s move to expand deeper into prediction markets could undermine its core cryptocurrency trading business, according to analysts at Mizuho. The firm warned that offering alternative trading products may divert liquidity and user engagement away from spot crypto markets. Mizuho’s Cannibalization Concern Mizuho analysts argue that prediction markets, while potentially lucrative, could compete directly with Coinbase’s primary revenue drivers. Users allocating capital to event-based trading may reduce activity in traditional crypto spot and der...
Several Altcoins Enter Oversold Territory, Hinting at a Potential Bounce Altcoins • Technical Analysis • Market Signals Several Altcoins Enter Oversold Territory, Hinting at a Potential Bounce Technical indicators suggest selling pressure may be nearing exhaustion across parts of the altcoin market. Several altcoins are showing signs of being deeply oversold, according to widely followed technical indicators such as the Relative Strength Index (RSI). The development has led some traders to anticipate a short-term relief rally after weeks of sustained selling pressure. What Oversold Conditions Mean Oversold readings typically suggest that an asset has been sold aggressively and may be due for a pause or rebound. While not a guarantee of a trend reversal, these conditions often precede short-term price recoveries. RSI readings falling below key...