I would extend those waves considerably. This is the end game of the NY Secret Agreement to replace Core with Bitcoin Cash. CME owns coinbase, coindesk, and the Digital Currency Group, which sponsored the NY Fake Agreement. Everything else is smoke and mirrors. CME always planned to launch Bitcoin Cash as BTC futures later this year. Segwit2x fork still planned as all out assault on Core. Look for spike in BTC hashrate right before the fork. This will be moved to Bitcoin Cash right after the fork, BTC will come to a grinding halt, and coinbase will have no choice but to adopt Bitcoin Cash as BTC, and coindesk will add a pretty bow.