Coinbase’s Remarkable Recovery: COIN Eyes $600+ Target After Completing Inverse Head-and-Shoulders Pattern
Coinbase Global Inc. (COIN) has made a stunning comeback, with its stock price surging back to $380—matching its April 2021 Nasdaq debut valuation. This recovery marks a significant rebound from its 2022 crypto winter low of $31.55, showcasing resilience in the face of market volatility. Technical analysis reveals a completed inverse head-and-shoulders pattern on weekly charts, suggesting a bullish breakout with a measured move target exceeding $600. Trading volumes have followed the classic pattern, drying up during consolidation and expanding on the breakout, reinforcing the bullish outlook. As of July 2025, Coinbase's resurgence highlights renewed investor confidence in the cryptocurrency sector and the exchange's pivotal role in the digital asset ecosystem.
Coinbase Recovers to Listing Day Valuation as COIN Eyes $600+ Target
Coinbase Global Inc.'s stock has completed a remarkable round trip, surging back to $380 — matching its April 2021 Nasdaq debut valuation. The recovery from 2022's crypto winter low of $31.55 now paints a compelling technical picture.
Weekly charts reveal a completed inverse head-and-shoulders pattern, with the breakout suggesting a measured MOVE target beyond $600. Trading volumes followed the classic script: drying up during pattern formation before confirming momentum at the right shoulder.
The $660 theoretical target emerges from standard charting methodology, measuring the distance between neckline and pattern depth. This technical renaissance coincides with renewed institutional interest in crypto markets, though COIN's fate remains tethered to Bitcoin's volatility.
Coinbase Hacker Stuns Crypto Market With Ethereum Purchase, ETH Price To $2,700?
A hacker linked to a $300 million theft from Coinbase users has re-entered the crypto market, purchasing 4,863 ethereum (ETH) at $2,581 per coin. The move, totaling $12.55 million, follows a prior sale of 26,762 ETH in May. Market observers interpret the activity as a bullish signal for Ethereum, with some speculating the asset could rally toward $2,700.
Lookonchain data reveals the hacker's wallet activity, sparking debate over whether the transactions represent long-term conviction or short-term liquidity management. The near-identical purchase and sale prices—$2,581 versus $2,588—add layers of ambiguity to the interpretation.
Ethereum's price resilience continues despite the controversial involvement of bad actors. Institutional and retail accumulation patterns suggest growing confidence in ETH's valuation trajectory, with technical indicators pointing to potential upside beyond current levels.
XRP Whale Activity Sparks Speculation of Major Price Breakout
XRP's price action is drawing intense scrutiny as whale movements and technical indicators suggest a potential breakout. The cryptocurrency now trades above $2.27, with analysts projecting a 600% rally if historical patterns hold.
A $1.7 million transfer from Coinbase to a private wallet has market participants buzzing. The 779,321 XRP transaction—executed with negligible fees—aligns with tightening Bollinger Bands and a 32-week consolidation period. 'It's not retail,' observed one trader, noting institutional fingerprints on the move.
Technical setups mirror previous pre-breakout conditions, with some charts showing the tightest volatility bands in eight months. The Coinbase outflow follows a pattern often seen before major price movements, fueling speculation that sophisticated players are positioning for a significant market shift.
Tether Invests in Blockchain Forensics Firm Crystal Intelligence to Combat Crypto Crime
Tether, the issuer of the world's largest stablecoin USDT, has taken a strategic stake in blockchain analytics provider Crystal Intelligence. The move amplifies efforts to disrupt illicit crypto activity by integrating real-time risk monitoring and regulatory compliance tools directly into Tether's ecosystem.
The partnership builds on existing collaboration, including Scam Alert—a public ledger identifying fraudulent wallet addresses. With crypto scams causing $9.3 billion in losses during 2024 according to FBI data, the investment signals Tether's escalating role in law enforcement cooperation. The stablecoin giant has already frozen $2.7 billion tied to criminal operations across 55 jurisdictions.
Crystal's forensic technology recently aided in the recovery of $225 million in USDT stolen through romance scams, working alongside Coinbase and the U.S. Secret Service. As regulatory scrutiny intensifies, the alliance demonstrates how major crypto players are institutionalizing compliance measures without compromising blockchain's core functionality.
Cryptocurrency Market Dips as Bitcoin and Altcoins Extend Losses
The cryptocurrency market declined over 1% in the past 24 hours, with Bitcoin (BTC) leading the downturn. BTC briefly touched $107,569 before recovering slightly to $108,017, marking a 1% drop. Ethereum (ETH) followed suit, retreating 1.24% to $2,543 after peaking at $2,585 earlier in the day.
Altcoins mirrored the bearish trend. Solana (SOL) fell nearly 2% to $149, while Dogecoin (DOGE) slid more than 3%. Cardano (ADA), Ripple (XRP), and other major tokens like chainlink (LINK) and Polkadot (DOT) also posted losses. The broader market sentiment remains cautious as traders await clearer regulatory signals.
Meanwhile, Coinbase's Stand With Crypto alliance and 65 industry groups are pushing Congress to pass the CLARITY Act, a pivotal bill for digital asset regulation. The lobbying effort underscores the sector's demand for legal certainty amid ongoing market volatility.
ReserveOne to Go Public via $1B SPAC Deal Backed by Crypto Heavyweights
Digital asset management firm ReserveOne is entering public markets through a $1 billion SPAC merger with M3-Brigade Acquisition V Corp. The transaction combines $297.7 million in SPAC trust capital with $750 million in PIPE investments from industry leaders including Galaxy Digital, Kraken, and Pantera Capital.
The treasury platform will maintain a diversified crypto portfolio anchored by Bitcoin (BTC), with additional exposure to Ether (ETH), Solana (SOL), and other digital assets. Institutional-grade staking and lending strategies will generate yield, while Coinbase provides custody services for BTC holdings.
Leadership includes former Hut 8 CEO Jaime Leverton and ex-Coinbase Asset Management head Sebastian Bea. The board features notable figures such as Tether co-founder Reeve Collins and former U.S. Commerce Secretary Wilbur Ross.
Targeting institutional investors and family offices, ReserveOne aims to bring transparent, yield-focused crypto investment strategies to public markets. The combined entity expects to trade under the ticker "RONE" upon deal closure in Q4.
