A Coinbase IPO?

Plus near total confusion about what the short term holds for bitcoin's price

Happy Thursday, Blockfolians

The Lede

The Wall Street Journal today wrote about how Q2 was a record setting quarter in terms of corporate equity. This was driven in part by IPOs - and specifically, institutional investor demand racing to catch up with retail investors (thanks, Robinhood!).

One of the companies that looks to keep that IPO rolling is crypto’s very own Coinbase.

How Coinbase Keeps Building with Brian Armstrong (Coinbase) - YouTube

Reuters reported today that the company was planning an IPO that could come as early as this year and would make Coinbase the first US crypto exchange to go public. The move comes after Coinbase announced that it had hired former Facebook lawyer Grewal as its chief legal officer.

Big things coming, eh?

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Highly Relevant Reading


Community Commentary

Seriously, it seems like no one can decide what move bitcoin is about to make next
This meme is absolute brain candy.

A Really Big Number We Should Be Paying Attention To  

$5.51m

That’s the total amount of USDT frozen in blacklisted addresses on Tether. Guess it’s not just USDC that will respond to law enforcement requests.


Final Thought

Fare the well to one of the first publications to really get it.