Will $COIN catch up with $HOOD's performance? Back in early April, I thought $HOOD had more upside potential than $COIN. Over the past quarter, $HOOD experienced a wave of value re-evaluation through three major moves: the Trump account, the World Cup prediction market business boom (pivoting to proprietary trading), and building its own blockchain. I’ve written several posts about $HOOD before: https://(x.com)/qinbafrank/status/2076135846567366699?s=46&t=k6rimWsEbo2D2tXolYcM-A. On the other hand, $COIN kept sinking throughout Q2, and by early July, its market cap had dropped to less than half of $HOOD's. However, $COIN has also been making moves this quarter: 1) In April, it obtained a U.S. national trust bank license; 2) At the end of May, it became the first regulated FCM (Futures Commission Merchant) in the U.S., securing one of the CFTC’s first two perpetual contract licenses (the biggest highlight here isn’t crypto perpetual contracts but the potential future upgrade to offer stock perpetual contracts in the U.S. market); 3) In early June, it rolled out a slew of new features, integrating stocks, prediction markets, AI advisors, and BTC-backed loans into its main app; 4) Recently, it opened registration for users in mainland China, aiming to expand its customer base. Opportunities often arise from downturns—when the price drops enough, the value proposition becomes clear. Over the past few days, $COIN's performance has validated the early July assessment that it had dropped to a point of good value. This post is sponsored by @bitget_zh: "Bitget Buy U.S. Stocks: Instant entry, seamless trading."