Fed’s rate hike prompts Bank of America to raise price target on S&P 500 stock

The Fed’s interest rate hike is actually a massive win for Coinbase, even as the stock sits 60% below its all-time high. While trading volumes are tanking, Bank of America just raised its price target because Coinbase generates huge revenue from USDC stablecoin yields. High rates are now a bigger driver for them than the actual crypto market. Is Coinbase becoming a high-yield bank in disguise rather than a crypto exchange? Does this make the stock a buy or a trap? What’s your take?
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