Cryptocurrency
Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million

In an interview with Bloomberg, ARK Invest CEO and chief investment officer Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the Securities and Exchange Commission (SEC) sued Binance, one of Coinbase’s biggest competitors.
ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17 million at the time, according to disclosure statements. Two other exchange-traded funds (ETFs), Ark Fintech Innovation ETF and Ark Next Generation Internet ETF, also added 35,700 shares (worth $1.8 million) and 53,900 shares (worth $2.8 million), respectively.
Across all three funds, Ark’s average entry price is $272.75 to $282.93, with the firm’s total position currently valued at $1.77 billion. At the time of writing, COIN is trading at $53.90. Needless to say, the fund is deeply in the red on this trade so far.
As far as why she’s still bullish, her reasoning boils down to this: SEC enforcement will lead Coinbase to become the only game in town when it comes to cryptocurrency exchanges in the United States. Of course, this assumes that Coinbase will triumph in its own legal battles with the SEC.
Wood explained that she sees a difference in the accusations being brought against the two exchanges. While both are facing lawsuits by the SEC over the alleged trading and staking of unregistered securities, Binance may also be facing more serious charges.
Binance CEO Changpeng Zhao, or CZ for short, was faced with a civil enforcement action filed by the U.S. regulator for derivatives in March. The action alleges that CZ and three of the exchanges affiliates violated the Commodity Exchange Act and several regulations of the Commodity Futures Trading Commission.
These types of allegations “have nothing to do with Coinbase,” according to Wood. Therefore, she believes that Coinbase will survive the storm and emerge victorious, with its biggest competitor out of the picture.
It’s hard to say whether or not Wood’s conviction on COIN can be considered well-justified. While some analysts share her view, others do not. The analyst consensus on the stock is a Hold rating, with an average price target of $58.49, or roughly 12% to the upside from current levels.
Several notable analysts have come forward with more bullish price targets of $70, including John Todaro and Atlantic Equities.
The relative strength index is almost perfectly neutral at a reading of 49.7, suggesting no decisive direction for COIN at this time.
It could be that COIN is the best and soon-to-be-only option when it comes to U.S.-based cryptocurrency exchanges. But this alone may or may not lead to COIN price appreciation.
When evaluating the future prospects of an equity, most analysts tend not to look at one factor in isolation. Basing an investment thesis on the sole premise that a company’s competitors may be doomed can lead analysts to ignore other, and perhaps even more important, factors.
Could Coinbase also face criminal charges going forward?
It’s worth repeating that Coinbase is also facing a lawsuit from the SEC regarding the trading and staking of unregistered securities. This could eventually lead to the exchange being deemed to have participated in illegal activities.
But perhaps even more concerning than SEC enforcement actions is the allegation that Coinbase may have invested in projects it planned to list on the exchange before they became available to the public.
After Coinbase CEO Brian Armstrong spoke with The Wall Street Journal on June 10, rumors started circulating that the company may have done just that. In the interview, Armstrong gave no adequate answer to a question concerning whether or not Coinbase invests in tokens listed on the platform.
It’s no secret that almost every single time a new token gets listed on Coinbase, the price tanks.
If this was, in fact, due to an orchestrated pump-and-dump scheme, it could constitute a financial crime of epic proportions.
The question is: Does any potential evidence exist for such a serious accusation?
Well, yes and no.
Looking at Coinbase Venture’s portfolio, it does appear that as many as 30 projects that appeared in the company’s investment portfolio were also listed on the exchange. However, Coinbase Ventures claims that it does not “coordinate with review and listings teams” and is “run and staffed separately from the main business.”
While this does not necessarily mean that Coinbase used its exchange as a giant pump-and-dump scheme, it may point to one more thing for financial authorities to consider investigating. Needless to say, news of such an investigation would probably not bode well for the share price of COIN.
Bitcoin to $1 million?
In her conversation with Bloomberg, Wood reiterated her view that “Bitcoin is a hedge against inflation.” Yet she also noted that she sees deflation as a substantial risk going forward. Despite this, she remains bullish on the Bitcoin price, holding firm to her $1 million target.
Bitcoin experienced a golden cross back in February, with the 50-day exponential moving average (EMA) moving above the 200-day EMA. Volumes have been declining, along with the Chaikin money flow, suggesting the potential for sideways trading for the time being.
Even in a deflationary environment, Bitcoin can still outperform due to it being “an antidote to counterparty risk in the traditional financial system,” according to Wood.
Given that three of the four largest bank failures in U.S. history have occurred in the last three months, she could have a point.
The next Bitcoin halving event is less than one year away. Investors are currently in the “accumulation” phase of the cycle, as seen in the graph below.
Cryptocurrency
NEXST Launches Web3 VR Entertainment Platform with K-Pop Group UNIS as First Global Partner

[PRESS RELEASE – Dubai, UAE, July 7th, 2025]
Revolutionizing fandom with AI, VR, and Web3 technology
Leading the next wave of immersive digital entertainment, NEXST proudly announces the launch of its groundbreaking VR division, powered by cutting-edge AI, VR, Web3, and Real-World Assets (RWA). The platform’s first major collaboration features rising global K-Pop sensation UNIS, making their virtual debut in a revolutionary new format.
As a next-generation AI-driven entertainment platform, NEXST is on a mission to reshape how fans connect with artists. With immersive VR content, real-time interactivity, and digital ownership through Web3, NEXST offers fans an entirely new way to experience music and storytelling.
“We believe the future of entertainment is immersive, decentralized, and artist-centric,” said Axel Gutman, Co-Founder of NEXST.
“Welcoming UNIS to the NEXST VR LIVE platform is just the beginning. We’re excited to announce more collaborations with global artists and top K-Pop stars in the coming months.”
Introducing NEXST VR LIVE: Immersive Web3-Enabled Experiences
NEXST VR LIVE is a dedicated division focused on creating immersive XR experiences using Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). This initiative bridges globally famous artists, beloved IPs, and interactive VR environments—seamlessly integrated with Web3 technology.
Key features include:
- Virtual concerts and performances with world-class artists
- Interactive fan experiences powered by AI
- Web3 integration that allows fans to own, trade, and participate in the entertainment economy
- A smooth Web2-to-Web3 transition for mainstream fans
Inaugural Artist Announcement: K-Pop Powerhouse UNIS Joins NEXST VR LIVE!
Kicking off the launch is UNIS, the powerhouse K-Pop girl group formed through SBS’s hit survival show UNIVERSAL TICKET. Since their 2024 debut with WE UNIS and breakout single SUPERWOMAN, UNIS has captured the hearts of fans worldwide with their energy, vocals, and fierce Gen Z appeal.
By partnering with UNIS, NEXST taps into a vibrant, global fanbase—helping transition millions of Web2 music fans into the Web3 world.
$NXT Token: Powering the Web3 Entertainment Economy
The $NXT token powers the NEXST entertainment platform with real-world and digital utilities that enhance fan engagement, access, and ownership.
- Exclusive Access: Unlockig VR concerts, discounted live tickets, VIP events, and early content drops.
- AI & Fan Interaction: Accessing premium AI agent features, advanced LLM tools, and participate in artist growth via fan voting.
- GameFi Rewards: Earning $NXT through gameplay, unlock in-game NFT items, and receive exclusive airdrops.
Details about the $NXT will be released soon via NEXST’s official social channels.
The Road Ahead: NEXST’s Vision for a Connected Future
NEXST will continue to push the boundaries of innovation by integrating AI, VR, and Web3 technologies across various entertainment domains, including music, live performances, and fan communities. Following UNIS, we aim to deepen collaborations with a diverse array of global artists and IPs, consistently delivering next-generation entertainment experiences that foster deeper connections between fans and artists.
We invite you to anticipate more groundbreaking events, collaborations, and updates as we collectively build the future of entertainment.
About NEXST
NEXT INNOVATIONS TECHNOLOGY L.L.C is a cutting-edge entertainment platform developer based in the UAE, dedicated to pioneering next-generation digital experiences.
Staying Connected with NEXST
About UNIS
UNIS is an 8-member South Korean girl group formed through SBS’s survival audition program UNIVERSE TICKET. After debuting on March 27, 2024, with their first mini-album WE UNIS, they have remained highly active, releasing their first single album CURIOUS in August of the same year and unveiling SWICY in 2025. Since their debut, they have continued to expand their global presence through various music shows and events.
UNIS Official Channels
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Cryptocurrency
We Asked Gemini, ChatGPT, Grok Where Cardano (ADA) Will End 2025: The Verdict Will Surprise You

TL;DR
- With bitcoin sitting close to its all-time high of almost $112,000, the general perception among traders and investors is that the bull market is still going on.
- As such, we decided to ask a few of the biggest AI solutions (Grok, ChatGPT, and Gemini) about one of the most popular altcoins – ADA, and its market potential this cycle.
How High Can ADA Go?
Unlike our similar article regarding XRP, the AI solutions provided more skeptical and, in some cases, bearish price predictions for ADA. ChatGPT, for example, warned investors not to anticipate fireworks from Cardano’s native token by the end of the year, stating, “Expect ADA to float in the $0.55-$0.65 range early in H2.”
Its most aggressive scenario envisions a price surge to somewhere between $1-$2, but said it’s not very likely the asset will go this high. Additionally, it cautioned users that if market support falters in the following months, ADA can drop well below its current levels of around $0.6.
Grok was slightly more bullish on the token’s future price trajectory. Its most realistic price range by the end of the year is “likely between $0.9 and $2.05, with an average around $1.21 and $1.48 if key resistance levels (e.g., $1.1) are breached and market conditions remain favorable.”
It touched upon some of the most extreme predictions circulating online, such as ADA at $7, but labeled them as “less credible without unprecedented adoption.”
Gemini described the overall market sentiment toward Cardano as “cautiously optimistic.” However, it warned that its price could struggle for the next few months and end the year at $0.55, which would mean a lower level than the current one.
What Would Drive This Volatility?
Although their price targets for the end of the year differentiated, the AI solutions were united in terms of what could drive the price gains or losses.
If ADA is to surge toward the most bullish zones outlined in the previous paragraphs, certain factors need to be aligned, ChatGPT, Grok, and Gemini said. One of the most important is the potential approval of a spot ADA ETF in the US. The current odds, according to Polymarket, are above 80% for a green light, and several companies have filed to launch such financial vehicles.
If approved, they can attract significant institutional interest, which would be a price booster. Other factors that could send ADA higher include technical upgrades, such as the January-implemented Plomin, which introduced a more sophisticated on-chain governance procedure, expanding the blockchain’s DeFi capabilities, and the overall market structure.
However, the AI chatbots also indicated that regulatory uncertainty, ecosystem stagnation, or broader market downturns could cap ADA at $0.6 or push it even lower. Consequently, the trio warned that investors should do their own research and not rely solely on AI-based predictions.
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Cryptocurrency
Ethereum Price Analysis: Is ETH Primed for Further Gains After Surge Past $2.5K?

Ethereum recently broke above the 200-day moving average and completed a pullback; however, the lack of strong bullish momentum suggests a higher likelihood of continued sideways consolidation.
Technical Analysis
By ShayanMarkets
The Daily Chart
After a period of consolidation between the 100-day and 200-day moving averages, ETH successfully broke above the 200-day MA at $2.5K, followed by a pullback. While this move is typically viewed as a bullish signal, ETH has failed to demonstrate strong follow-through, indicating weak market participation and insufficient bullish momentum.
As a result, the likelihood of continued sideways consolidation has increased. Currently, the price remains trapped between the 200-day MA and the critical $2.8K resistance level, with a decisive breakout in either direction needed to establish the next major trend.
The 4-Hour Chart
On the lower timeframe, Ethereum’s recent rally was halted at a key bearish order block between $2,625 and $2,670, a zone that has consistently attracted selling pressure. The rejection has led to a retracement toward the $2.5K support level — a historically significant zone where buyers have previously stepped in.
As anticipated, ETH found temporary support here and attempted a minor rebound. However, the current lack of trading volume and diminished bullish momentum suggests the potential for another rejection at the overhead resistance. Until a breakout above $2,670 or below $2.5K occurs, Ethereum is expected to remain range-bound.
Sentiment Analysis
By ShayanMarkets
This chart presents the Binance Liquidation Heatmap, highlighting zones where significant liquidation events are likely to occur. These areas often act as liquidity magnets, attracting price action due to the concentration of leveraged positions. Large market participants, commonly referred to as whales, tend to exploit these zones to enter or exit positions efficiently.
Currently, a prominent cluster of liquidation levels is situated just above the $2.6K mark, suggesting a strong likelihood that Ethereum’s price could gravitate toward this region. If reached, it may trigger a short-squeeze, fueling further upward momentum and potentially propelling ETH toward new local highs.
Conversely, another substantial liquidity pool resides below the $2.5K level, implying the possibility of a downward move to tap into this zone. As a result, Ethereum remains confined within a tight range between these liquidity clusters, awaiting a decisive breakout to determine the next directional move.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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