Coinbase has unveiled an “Everything Exchange” plan spanning stocks, options, prediction markets and AI-driven trade execution, prompting Bitwise to say the boundary between crypto and traditional finance is starting to disappear. Bitwise CIO Matt Hougan said if Coinbase’s future revenue comes mainly from non-spot activities such as stock trading, perpetual futures and options, it may no longer be seen as a pure crypto company. Coinbase also outlined tokenised stock trading outside the United States starting next month and AI tools for automated portfolio strategies.

Bitcoin has slipped below $80,000, but Arthur Hayes and early bitcoin investor Davinci Jeremie view the decline as a buying opportunity rather than a market top. They described the selloff as a forced shakeout driven by macroeconomic pressure, citing a surge in U.S. 10-year Treasury yields and inflation data. A Deribit Prime Trading strategist flagged $80,000 as a near-term pivot and stressed sustained ETF inflows. Market direction may hinge on $80,000, ETF flows and U.S.-China trade talks.