Coinbase Dominates as H.C. Wainwright Analyst Mike Colonnese Tops TipRanks with 114.45% Average Returns

Mike Colonnese of H.C. Wainwright has earned TipRanks' prestigious All-Star Analyst title for his outstanding performance in covering Coinbase Global (COIN), ranking #235 out of 9,653 tracked Wall Street analysts. Over the past year, his COIN recommendations achieved an impressive 85% success rate, delivering an average return of 114.45%. As the leading U.S. cryptocurrency exchange, Coinbase continues to serve as a key indicator of institutional crypto adoption. Colonnese's insights highlight the platform's resilience and growth potential in the evolving digital asset landscape, reinforcing its position as a bellwether for the industry. This achievement underscores the increasing importance of cryptocurrency exchanges in traditional financial analysis and the broader market.

H.C. Wainwright Analyst Mike Colonnese Tops TipRanks’ Coinbase Global Coverage

Mike Colonnese of H.C. Wainwright has secured TipRanks' All-Star Analyst title for his exceptional performance on Coinbase Global (COIN), ranking #235 among 9,653 tracked Wall Street analysts. His COIN recommendations delivered an 85% success rate with 114.45% average returns over the past year.

Coinbase, the dominant U.S. cryptocurrency exchange, remains a bellwether for institutional crypto adoption. Colonnese's broader portfolio shows 54% profitable trades averaging 37.4% returns, with Cleanspark (CLSK) marking his most successful call to date.

Cardano Price Prediction: Will ADA Hit $2 After Midnight Airdrop Buzz?

The Cardano price hovers near $0.57, down 55% from its Q4 2024 peak of $1.33. Despite mixed technical signals, optimism is growing due to ecosystem activity and institutional support. Social media buzz surged with 200,000 mentions on X this week, fueled by the Midnight Glacier airdrop.

Coinbase's launch of cbADA on its Base LAYER 2 network further bolsters sentiment. This wrapped ADA version could enhance DeFi utility, potentially propelling Cardano into a new growth cycle. Analysts project a $2 target as ADA finds support at April's low, with Bollinger Bands narrowing—a sign of impending volatility.

XRP Whale Activity Hits Record High Amid Market Hesitation

XRP accumulation by large holders has reached unprecedented levels, with wallets containing over 1 million tokens hitting a historic peak of 2,850. This marks the highest whale concentration in XRP's 12-year history. Smaller but still substantial holdings are also growing, as wallets with 10,000+ XRP surged 6.2% year-to-date to 306,000 addresses.

Whales injected $915 million into XRP last week, acquiring 420 million tokens in a show of confidence. The buying spree contrasts with declining retail interest—new wallet creation dropped to a two-month low. Exchange reserves have dwindled, though analysts warn this metric can be misleading when taken in isolation.

Price action reflected the mixed signals. XRP briefly rallied 6% on explosive volume, with one-hour trades quadrupling typical activity. Whale movements dominated the surge, including a $58 million transfer to Coinbase and Ripple's $439 million shift to an unknown wallet.

Barclays Bans Crypto Credit Card Purchases, but at What Cost?

Barclays, the UK banking giant, will block all crypto-related transactions made with its credit cards starting Friday. The MOVE aims to reduce financial risk and fraud exposure, but it may come at a significant cost. Customers attempting to buy digital currencies using Barclays credit will be denied, potentially pushing crypto-enthusiast clients toward fintech-friendly institutions like Revolut, PayPal, and Coinbase.

The decision could choke off a growing revenue stream. While crypto isn’t a primary moneymaker for Barclays, interchange fees and transaction volumes from retail customers exploring digital assets have been quietly rising. By pulling the plug, the bank signals a conservative approach, risking long-term customer loyalty and brand alignment in an increasingly digital financial system.

Barclays is cutting itself off from one of the fastest-growing transaction categories in finance. As traditional rivals and fintech firms deepen their crypto integrations, Barclays risks losing ground in the race for digital finance dominance.

Bitcoin Tests Key Resistance as Altcoins Await Catalyst

Bitcoin faces a pivotal moment as it challenges the $109,000-$111,000 resistance band, with market participants divided on whether the breakout attempt will succeed. Trading volumes remain subdued, yet Coinbase's elevated BTC premiums and stable equity markets suggest underlying bullish sentiment.

Analyst JRNY Crypto posits that a decisive move above $125,000 could trigger altcoin momentum, though ethereum and XRP currently mirror Bitcoin's directional uncertainty. The $105,000 support level looms as critical infrastructure should the resistance prove formidable.

Bitwise Advances Dogecoin and Aptos ETF Proposals with Amended SEC Filings

Bitwise Asset Management has taken a significant step toward launching two new cryptocurrency ETFs by submitting amended S-1 forms to the SEC. The filings cover both a Dogecoin-focused ETF and what WOULD become the first U.S. Aptos-dedicated exchange-traded fund.

The proposed products aim to provide investors with token exposure without direct ownership. Coinbase Custody will safeguard the Dogecoin ETF's reserves, while Bitwise Investment Advisers will manage both Delaware-based trusts. Regulatory hurdles remain—the SEC recently extended its review period for the Dogecoin ETF, citing need for additional risk assessment.

Aptos' inclusion marks a strategic expansion beyond mainstream crypto assets. Bitwise quietly established the legal framework for this offering months before the current filing, suggesting long-term planning for APT's institutional adoption.