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Currency Circle Breaking News Desk 🚔 Patrol the currency circle every day/macro chaos|Poisonous tongue complaining + on-chain archaeology Cooperation/breaking the news please DM
Just now, Iran is suspected of shutting down international internet connections.
After a network event marked as "interruption" on January 8, there was a dramatic drop in traffic observable by Cloudflare.
At 20:00 UTC, the number of HTTP requests from Iran dropped to 0, and the volume of HTTP transmission bytes also fell to less than 0.1% of the peak, indicating that the visible network connectivity to the outside world has nearly "returned to zero."
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Bank of America upgraded Coinbase to "Buy" with a target price of $340.
The reasons are accelerated product expansion, strategic adjustments, and a more attractive current valuation.
Since July, Coinbase has dropped 40%.
Bank of America believes there is a 38% upside potential for Coinbase.
Jan 8, 2026
$COIN - BANK OF AMERICA UPGRADES COINBASE TO BUY
Bank of America upgraded Coinbase to Buy, citing accelerating product expansion, strategic shifts, and a more attractive valuation. The bank highlighted a 40% pullback from July highs alongside improving second-half product momentum.
BofA pointed to Coinbase’s expansion into stocks, ETFs, and prediction markets, its Base layer-2 network as a key infrastructure growth driver, and Coinbase Tokenize as a catalyst for real-world asset tokenization. With the P/E multiple down about 40% from mid-2024 levels, BofA reiterated its $340 price target, implying roughly 38% upside, and sees Coinbase as a long-term leader heading into 2026.
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