Coinbase adds IPO share applications; Peter Brandt floats $8,600 Ethereum scenario
- —Coinbase opened IPO allocation applications for eligible US retail investors, starting with Oura
- —Oura's SEC filing lists a proposed price range of $40–44 per share
- —Brandt: Ethereum could hit $8,600 if it breaks $5,000, a scenario rather than a target
- —Bitquery: 0.9–1.17 million BTC linked to the Patoshi pattern, 1.02 million BTC unmoved as of Sept. 1
Why it matters: Coinbase's push into IPO allocations brings crypto platforms closer to traditional equities, while estimates of early bitcoin supply shape market expectations.
Source: TokenPost