A LOOK INTO COINBASE: Coinbase’s “brand refresh” is really a pivot into an everything exchange—AI agents, stocks, perps, prediction markets, regulated token sales, B2B stablecoins, SocialFi, and curated DeFi—all on crypto rails. Bull case: this makes Coinbase a global financial utility, pulls TradFi liquidity onchain, scales revenue, and accelerates mass adoption. Bear case: it dilutes altcoins, centralizes power, invites heavy regulation, and could kill degen culture as capital rotates from speculative tokens into real, cash-flow assets.