Stock Movers Coinbase Rises, Nike Falls, Soho House Declines
Jan 8, 2026
Coinbase shares see a slight uptick as analysts predict growth fueled by new products. Meanwhile, Nike's stock slips after a downgrade, reflecting ongoing struggles in its turnaround strategy. The discussion also touches on Nike's digital subsidiary sale and its impact on metaverse strategies. Soho House experiences a significant decline due to a $200 million funding gap amid its pending sale. The hosts explore the hype surrounding metaverse fashion and the reality of consumer adoption.
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Coinbase Positioned For Tokenization Growth
- Bank of America raised Coinbase to buy citing growth from new products and lower valuation.
- Tokenization could let Coinbase partner with TradFi by converting conventional assets into blockchain-tradable tokens.
Tokenization Explained With Real Use Case
- Carol Massar described tokenization as converting stocks and bonds into blockchain tokens for fractional trading.
- She said asset managers are launching tokenized private credit funds to reach blockchain-native investors.
Nike Faces Downgrade And Digital Pullback
- Nike's stock moved amid legal headlines and a Needham downgrade to hold from buy due to a slower turnaround.
- The company also sold its digital subsidiary RTFKT, signaling a pullback from some blockchain-focused digital products.