Bullish Case: Coinbase adding four national security experts and a potential spot ether ETF could increase regulatory trust and expand institutional offerings [Coin Desk, Coin Desk].


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Bearish Case: Legal challenges in US and abroad, and losing key employees to competition could pose operational and legal risks to Coinbase [efinancialcareers.com, Reuters, Coin Desk, Slate, cryptotimes.io].


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Takeaway: Armed with a strengthened advisory council and potential Ether ETF, Coinbase could secure a stronger foothold in the growing institutional crypto market. However, legal and regulatory challenges persist [Coin Desk, Coin Desk, Reuters].


Show historical takeaways

Potential Outcomes:

1. Coinbase secures BlackRock Ether ETF (40%): Could provide listing fees and increased trading volume [Coin Desk].

2. Supreme Court favorable ruling for Coinbase (60%): Risk management benefit as precedent would strengthen arbitration clauses [Reuters].

3. Coinbase expands in institutional space (70%): Coinbase's talent acquisitions suggest a strategic move towards servicing institutional clients [Coin Desk].

4. Loss of markets (20%): Coinbase could face additional bans in countries enforcing strict digital regulations [Coin Desk, Slate].


November 14, 2023







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Assets that tend to move strongly with COIN



MSTR Forecast + Options Trading Strategies   [MSTR]  Microstrategy (0.88)


ODFL Forecast + Options Trading Strategies   [ODFL]  Old Dominion Freight Line (0.86)


DKNG Forecast + Options Trading Strategies   [DKNG]  DraftKings (0.85)


PLTR Forecast + Options Trading Strategies   [PLTR]  Palantir (0.84)


NTES Forecast + Options Trading Strategies   [NTES]  NetEase (0.84)



Uncorrelated Stock Forecasts

Assets with little price relationship to COIN



RJF Forecast + Options Trading Strategies   [RJF]  Raymond James Financial (-0.0)


MQ Forecast + Options Trading Strategies   [MQ]  Marqeta (0.01)


LMND Forecast + Options Trading Strategies   [LMND]  Lemonade (0.01)


GPS Forecast + Options Trading Strategies   [GPS]  Gap (0.01)


CPE Forecast + Options Trading Strategies   [CPE]  Callon Petroleum (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against COIN



QURE Forecast + Options Trading Strategies   [QURE]  uniQure (-0.79)


SPXU Forecast + Options Trading Strategies   [SPXU]  ProShares UltraPro Short S&P 500 (-0.8)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.8)


VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.82)


QID Forecast + Options Trading Strategies   [QID]  ProShares UltraShort QQQ (-0.84)