Brothers, the hottest star in the crypto world in June isn't BTC or any meme coins! It's this—Circle (CRCL), which directly skyrocketed 7 times upon its US stock listing! The old money on Wall Street seems to be rushing in madly! But guess what? The crypto queen Cathie Wood just flipped and said, 'Sell it! Buy Coinbase (COIN)!' This move is phenomenal!
“Wow, CRCL is soaring so much! Isn't it because everyone is optimistic about the future payment track of the stablecoin USDC? The logic makes sense! But Cathie Wood's move here has me slapping my thigh! Her ARK fund sold over 410,000 shares of CRCL in just one day on June 23, cashing out nearly 110 million dollars! Then she turned around and increased her stake in Coinbase by over 20,000 shares, and aggressively bought Shopify (SHOP) for two consecutive days! Now ARK has nearly 900 million dollars invested in Coinbase and also invested a billion in Shopify, and together these two account for 12% of the entire fund’s position! This intensity and determination is no joke!”
“Look at this chart, CRCL skyrocketed, but COIN's trend... Brothers, does Cathie Wood think CRCL has risen too high? Or does she think COIN is severely undervalued? I’m pondering, she’s looking at a bigger picture!”
“Why do I say this? Coinbase is the 'entity' behind this narrative! CRCL's USDC is great, right? But Coinbase is one of Circle's largest shareholders, owning nearly half! It’s deeply involved in USDC issuance! Is this relationship close or what? More importantly, Coinbase has been very active lately, clearly playing a big game!”
“Case 1: Banking giants can finally play with crypto! The Federal Reserve just loosened its stance, saying banks can serve the crypto industry, and the very next day! Coinbase CEO Brian Armstrong announced the launch of 'crypto as a service'! He boldly claimed to have teamed up with around 200 banks, brokerages, and fintech companies globally! This speed of response and execution power is unbelievable! What is this CaaS? It’s a one-stop service for traditional financial institutions covering custody, trading, lending, stablecoins, and tokenization! It enables banks to compliantly engage with crypto, significantly lowering the barrier! The market's imagination space just exploded!”
“Case 2: E-commerce payment has truly landed! Remember the collaboration between Coinbase and Shopify at the beginning of the month? Using USDC on the Base chain to buy things on Shopify in over 30 countries! This is the first time a stablecoin has truly made a large-scale entry into mainstream e-commerce payments! Moreover, Coinbase has also integrated the DEX on the Base chain into its own APP, allowing users to trade on-chain within the CEX seamlessly! Whose Base chain is it? Coinbase's darling! 90% of the stablecoins on the Base chain are USDC! The more popular Base becomes, the more USDC is used, benefiting Circle, but the biggest winner is still Coinbase, which controls the ecosystem! This left and right arm work together flawlessly!”
“Case 3: Contract war, compliance is king! Last quarter, Coinbase's spot trading income declined, as we all saw. But they had already figured out their way out—compliant derivatives! This is definitely a big piece of cake! The US market was previously heavily regulated, and players either went to CME, secretly used Binance, or played on-chain. Now Coinbase took action: they launched Bitcoin and Ethereum futures through their own compliant derivatives platform in May, and in June they directly announced plans to roll out 7x24 hour perpetual contracts in the US by the end of the year! They also conveniently acquired Deribit, the largest options exchange globally! The meaning behind this combination is very clear: I, Coinbase, will dominate the US compliant contract market! I have all the users, licenses, and technology; what do you have to compete with me? The income potential here is much more fragrant than pure spot trading!”
“So, brothers, Cathie Wood's portfolio adjustment is definitely not random! Her reduction in CRCL might be because she thinks the short-term rise is too much and is locking in profits. But the heavy investment in Coinbase and Shopify is definitely a bet on the 'compliant crypto empire' that Coinbase is building! Coinbase's ambition is no longer just to be an exchange! It wants to become the infrastructure for the next generation of crypto finance, a 'compliant on-chain App Store'! From investment to rebuilding the financial system, and then to becoming the cornerstone of the value internet, the blueprint is very clear!”
“Value discovery often isn’t about how cheap it is now, but whether its 'structure' is right! Market track, ecosystem, compliance, execution power—Coinbase has these cards in hand, and this structure, from what we can see, is really on the right track! Do you think COIN is expensive now? Look at Cathie Wood's nearly 1 billion dollars in real money vote, and then look at the big network she is weaving… this game has just begun!”
Cathie Wood is so optimistic, but Coinbase's financial report seems a bit 'weak'? Don't worry! I found several key data points and a potential big benefit, which may be the secret behind ARK's bold bet! Follow me for the next article, where we will deeply analyze Coinbase's 'hidden trump card' and its true valuation logic! Don't slap your thigh for missing CRCL; COIN's 'structural bull' may just be starting! We won't miss each other!”#Strategy增持比特币 #加密市场反弹 $XRP