As the January 15 markup of the crypto market structure bill—known as the CLARITY Act—draws closer, reports indicate that Coinbase (COIN) is reconsidering its support for the legislation. A Monday report from Bloomberg suggests this shift in position is contingent on whether the anticipated bill includes provisions beyond enhanced disclosure requirements tied to stablecoin rewards. High Stakes For Coinbase The CLARITY Act is expected to be marked up in at least one Senate committee this Thursday, and Coinbase’s potential withdrawal could have significant implications for the bill. A source familiar with Coinbase’s stance told Bloomberg that the exchange would re-evaluate its support if the legislation veers too far from its interests, particularly regarding stablecoin incentives. Some insiders suggest the bill might restrict the ability to provide rewards to regulated financial institutions, a move that aligns with the banking sector’s concerns about losing deposits to crypto platforms. Related Reading: Dogecoin Breaks Its ‘Lower-Band Prison’ As Daily Trend Flips Coinbase currently holds applications for a national trust charter that could permit it to offer those kinds of rewards under regulatory rules. However, many crypto-native firms are pushing back against potential restrictions, arguing that such measures could disrupt competition in the market. The stakes for Coinbase are high, as rewards programs play a crucial role in its business model. The exchange allows users to earn 3.5% rewards on Circle’s USDC holdings. Should the market-structure bill include bans on these incentives, fewer users might choose to hold stablecoins on the platform. This could jeopardize an anticipated revenue stream projected at $1.3 billion in 2025, according to Bloomberg. Banking Vs. Crypto The GENIUS Act, passed into law in July of last year, prohibits stablecoin issuers from offering interest on token holdings, and does not prevent third-party partners like Coinbase from providing rewards tied to customer balances. The banking industry, however, argues that allowing exchanges to pay such rewards could negatively impact bank deposits and, consequently, community lending. As reported by Bitcoinist over the past month, the American Bankers Association (ABA) has voiced concerns that this situation could displace “billions” from local lending, allegedly harming small businesses and households. In contrast, Faryar Shirzad, Coinbase’s chief policy officer, has argued that maintaining rewards tied to stablecoins is crucial for preserving the dollar’s dominance, especially in light of China’s announcement to start offering interest on its digital yuan. Banking Lobby Fights Back A potential compromise being discussed would permit only licensed banking entities or financial institutions to provide rewards on stablecoin balances. Related Reading: Why The $2.9 Billion Bitcoin Whale Buy Could Spell Doom For The Market Recently, five crypto firms, including Ripple, Circle, and Paxos, received conditional approvals from the US Office of the Comptroller of the Currency (OCC) to become national trust banks, a move met with opposition from the banking lobby. If restrictions are indeed imposed, the report suggests that this could lead to creative workarounds as crypto firms seek alternative ways to reward customers. Featured image from DALL-E, chart from TradingView.com
Cathie Wood’s ARK Invest added to Coinbase, Bullish, Circle, and crypto miners during a continued drawdown that pushed listed crypto equities deeper into the red.
According to a report from CNBC, Coinbase (COIN), the largest cryptocurrency exchange in the US, is preparing to launch its own prediction market in collaboration with Kalshi, one of the largest federally regulated financial exchanges in the country. Coinbase Teases Major Updates The anticipation surrounding the prediction market has been building for nearly a month. Recently, a screenshot of what appears to be Coinbase’s prediction markets dashboard was shared by Silicon Valley researcher Jane Manchun Wong in a post on social media site X (previously Twitter), shedding some light on the features of the forthcoming product. Related Reading: Crypto Market Dips: The Reasons Behind Bitcoin Plunge Below $90,000 Despite FOMC Optimism The Information first indicated on November 19 that Coinbase planned to introduce these prediction markets powered by Kalshi, with a formal unveiling set for the “Coinbase System Update” event scheduled for December 17. Formal announcements regarding this new platform are expected soon, potentially as early as next week. Bloomberg corroborated this report, stating that the cryptocurrency exchange is also likely to announce a tokenized stock offering during the same event, in line with Tether’s same vision reported earlier this week. While Coinbase has refrained from confirming these developments directly to CNBC, the company has encouraged stakeholders to tune in to its upcoming event for more details. The firm did not disclose a specific timeline for when the prediction markets will become available to users. ‘Everything Exchange’ Status Coinbase’s push to launch a prediction market is part of a broader strategy to transform itself into an “everything exchange”—a comprehensive platform for trading a wide variety of assets, including cryptocurrencies, tokenized stocks, and event contracts. CEO Brian Armstrong articulated this vision earlier in May, stressing that the cryptocurrency exchange aims to evolve into a leading financial services application within the next decade. This development comes as Coinbase faces increasing competition from rivals like Robinhood (HOOD), Gemini (GEMI), and Kraken, all of whom have introduced tokenized equity offerings for users outside the US and are exploring prediction markets to varying extents. Related Reading: Report Reveals 65% Of Bitcoin Treasury Companies Struggling With Major Unrealized Losses Coinbase is expanding its range of financial instruments while making a series of acquisitions this year. These include major deals such as the purchase of the crypto derivatives exchange Deribit and the on-chain advertising firm Spindl, as well as seven other major acquisitions. This also follows a shift in investor sentiment in the digital asset space, with the largest cryptocurrencies — including Bitcoin (BTC) — having retraced by over 30% since October amid fears of a new bear market beginning. Over the past months, the exchange’s stock, which trades under the ticker name COIN, has also seen a significant drop of over 39%, with the current valuation standing at $267 per share. Featured image from DALL-E, chart from TradingView.com
Coinbase (COIN), the largest cryptocurrency exchange in the US, has experienced a significant decline in its stock valuation, dropping nearly 40% from its peak of $444 in July to its current trading level of around $271 per share. This, amid market fluctuations and heightened volatility in the broader crypto market, impacting the exchange’s stock performance. Bernstein Forecasts New Bullish Phase For Coinbase Despite these challenges, analysts at Bernstein hold an optimistic outlook on Coinbase’s stock price, suggesting a potential new bullish phase that could propel COIN to surpass previous all-time highs and reach levels above $500. Bernstein maintains a price target of $510 on Coinbase, underlining the exchange’s shift from a trading-centric platform to what analysts dub an emerging “everything exchange.” Related Reading: XRP Price Predictions: AI Forecasts $4.40 By March 2026, Analysts Target Up To $6 Analysts led by Gautam Chhugani highlighted the delicate market conditions, citing crypto price fluctuations influencing listed crypto-exposed equities. However, Bernstein distinguishes the current market environment from past crypto downturns, noting that speculative excess primarily affects what they refer to as “MSTR copycats,” referencing Strategy’s (previously MicroStrategy) stock performance. Central to Bernstein’s bullish thesis is Coinbase’s strategic diversification away from volatile spot trading revenue. They assert that exchange is evolving into a comprehensive financial platform. The analysts emphasize that clearer regulatory guidelines in the US could drive a revaluation of these business lines, bridging the gap with offshore competitors benefiting from faster token listings and fundraising fees. Coinbase’s foray into token issuance through a launchpad-style model, exemplified by Monad’s (MON) recent listing, demonstrates growing market interest. Bernstein notes that these launches, directly influencing trading activity, can stimulate a cycle of issuance, listing, and heightened trading volume. Confident Ratings For COIN Looking ahead, one of the exchange’s most notable catalysts is the upcoming product showcase on December 17, anticipated to unveil developments in tokenized equities, prediction markets, and other tools expanding the exchange’s offerings beyond spot crypto trading. The integration with Deribit is also expected to further bolster Coinbase’s derivatives expansion, positioning the exchange closer to platforms like Robinhood as both entities diversify their product offerings. Related Reading: Is The Bitcoin Bottom In? Top Analyst Assigns 91.5% Probability On the consumer front, the exchange’s Base app, focusing on wallet services, payments, and social features, acts as a centralized access point for the broader token markets, reaffirming the analysts’ bullish predictions. Bernstein’s reaffirmed “Buy” rating on Coinbase with a massive $510 price target underscores the firm’s confidence in COIN’s growth trajectory. Monness Crespi’s recent upgrade from “Neutral” to “Buy” with a $375 target further adds to the bullish sentiment surrounding the stock’s valuation amid falling prices. Featured image from DALL-E, chart from TradingView.com
After what started as a disappointing week, the Coinbase stock (Ticker: COIN) seems to be back on a recovery path. COIN briefly touched the $350 level on Friday, October 31st, rallying on the positive earnings report and new developments from this week. According to a new report, Coinbase has also entered into late-stage talks to purchase stablecoin infrastructure BVNK in an estimated $2 billion deal. This move represents a play in a much larger stablecoin industry push by the largest US-based cryptocurrency exchange. Exchange Closes In On $2 Billion BVNK Deal On Friday, Bloomberg reported that Coinbase is looking to complete a $2-billion acquisition of the London-based BVNK, pending due diligence. The San Francisco-based cryptocurrency company expects to close this deal before the year’s end or early next year, according to one of the sources close to the matter. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details According to the report, the company’s venture capital arm, Coinbase Ventures, is an investor in BVNK. One of the cited sources also revealed that while the deal is already in late-stage talks, terms may change, and the deal is still at risk of collapsing. A Coinbase spokesperson told Bloomberg in a statement: We don’t comment on rumors or speculation. Driven by our mission to expand economic freedom globally, we actively explore various opportunities—whether through building, acquiring, partnering, or investing – to advance our mission. This latest Bloomberg report somewhat adds credence to the Fortune report—from earlier this week—that disclosed that Coinbase holds exclusivity with BVNK for takeover talks after winning the bidding war. Mastercard was reportedly also engaged in talks with the stablecoin infrastructure before setting its sights on Zerohash, another crypto startup, for over $1.5 billion. Hence, this BVNK purchase by Coinbase, if completed, would represent the latest one in a growing list of stablecoin-related deals in recent months. These developments come on the back of the introduction of the first crypto regulation (the GENIUS Stablecoin Act) in the United States. Coinbase Posts Strong Earnings In Q3 2025 While Coinbase’s Q3 earnings call trended for an unusual reason, after CEO Brian Armstrong dropped a list of crypto buzzwords relevant to the Mentions Market, the crypto company delivered strong profits in the last quarter. The US-based crypto company reported about $1.9 billion in revenue and a bottom line of approximately $432.6 million in 2025’s third quarter, representing a 55% year-over-year increase. Meanwhile, the firm’s Bitcoin holdings have also jumped by 2,772 BTC to 14,458. As of this writing, the Coinbase stock (COIN) is valued at about $343.78, reflecting a 4.6% jump in the past 24 hours. Related Reading: Ethereum Price Could Crash Below $3,400 After Rejection From 0.618 Fibonacci Level Featured image from Shutterstock, chart from TradingView
A Coinbase CEO prank resolved one market with a single sentence. Ackman’s warning about “rigged odds” in a $22 million Polymarket election shows the opposite: it now takes institutional-scale money to move prices even 10%.
US-based crypto exchange Coinbase has made a significant appeal to the Department of Justice (DOJ) regarding a wave of lawsuits aimed at its operations. The company is urging federal action to address what it describes as an “increasingly fragmented and hostile” regulatory landscape for the crypto market. Coinbase Urges Federal Action In a recent letter, Coinbase highlighted the steps taken by the current Administration to create a more equitable framework for digital asset regulation. This includes the introduction of stablecoin legislation and two pending bipartisan market-structure bills aimed at fostering uniformity in the oversight of cryptocurrencies. Coinbase argues that these initiatives have begun to mitigate the adverse effects of the previous Administration’s enforcement-driven regulatory approach. However, the company warns that certain states are perpetuating this problematic trend by adopting “expansive and flawed” interpretations of securities laws and implementing new licensing requirements that undermine the federal government’s pro-innovation stance. Related Reading: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow They make an example with the Oregon Attorney General, who has filed a lawsuit against Coinbase, claiming that many digital assets traded on its platform qualify as alleged unregistered securities. The letter affirms that the suit not only targets Coinbase but also encourages other states to address what the Attorney General perceives as a regulatory gap left by federal authorities. Similarly, the New York Attorney General has initiated legal action to regulate transactions involving digital assets based on decentralized protocols as securities, further complicating the regulatory environment. Coinbase has faced cease-and-desist orders from four states, which demand the company halt its retail staking services. These orders are deemed by Coinbase as “legally unfounded and inconsistent.” Unified Framework For Digital Assets In light of these challenges, the letter to the DOJ calls for urgent federal intervention to establish broad preemption provisions. The crypto exchange argues that preemption has historically been an effective tool for addressing state interference in national markets, referencing past Congressional actions. Coinbase contends that the current patchwork of state regulations not only disrupts market efficiency but also leads to unequal access to cryptocurrency services based on geographic location. Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 To remedy these issues, Coinbase advocates for Congress to adopt legislation that would exempt federally regulated digital assets from state blue-sky laws and clarify that state licensing requirements do not apply to crypto intermediaries. Additionally, the company urges the SEC to expedite rulemaking and provide clearer guidance on why digital asset transactions and services, including staking, should not be classified as securities. Such clarity would help prevent states from imposing conflicting regulations based on their interpretations of securities laws. Featured image from Shutterstock, chart from TradingView.com
Traders are increasingly seeking downside protection in Coinbase options.
Coinbase (COIN) shares experienced a decline on Thursday after the cryptocurrency exchange reported second-quarter revenue that fell short of analysts’ expectations, according to CNBC. Weaker Trading Volumes Impact Coinbase For the period ending June 30, Coinbase reported a net income of $1.43 billion, or $5.14 per share, a significant rise from just $36.13 million, or 14 cents per share, in the same quarter the previous year. This growth was largely driven by a $1.5 billion gain from its investment in Circle (CRCL) and an additional $362 million from its crypto investment portfolio. On an adjusted basis, the company earned $1.96 per share, surpassing estimates of $1.26, according to LSEG. Related Reading: JPMorgan, Coinbase Forge Historic Pact For Direct Bank-Crypto Wallet Integration By 2026 However, total revenue slightly increased to $1.5 billion, up from $1.45 billion a year ago, yet it still fell short of the anticipated $1.6 billion. Transaction-related revenue totaled $764 million, which missed StreetAccount’s estimates of $787 million. As a result, shares fell 6% in after-hours trading. Analysts had predicted a weaker second quarter following a period of market enthusiasm in the first quarter, when traders were optimistic about potential regulatory improvements from the Trump administration. As attention in Washington shifted towards tariffs, speculative trading by retail investors declined across centralized crypto exchanges (CEXs). Nonetheless, inflows into crypto exchange-traded funds (ETFs) and purchases by treasury companies helped sustain market prices. Short Of Analyst Expectations Coinbase did report a 16% year-over-year growth in retail trading volume, reaching $43 billion. However, this was below the $48.05 billion expected by analysts. The company’s subscription and service offerings, which encompass stablecoins, staking, interest income, and custody services, experienced a 9% increase from the previous year, totaling $655.8 million. This figure was also below analysts’ projections of $705.9 million. Revenue from stablecoins, a key theme in the crypto market during the second quarter, came in at $332.5 million, closely aligning with estimates of $333.2 million. This represented a substantial 38% increase compared to the same period last year and a 12% rise from the first quarter. Related Reading: Chainlink Acknowledged By The White House As Key Player In Crypto Infrastructure The surge in stablecoin interest was partly fueled by the successful June IPO of Circle, the issuer of the USDC stablecoin. Coinbase benefits from a revenue-sharing agreement with Circle, allowing it to retain 100% of the revenue generated from USDC held on its platform and approximately 50% of revenue from USDC on other platforms. Despite the challenges in trading volumes, the company announced plans to broaden its services beyond cryptocurrencies, introducing tokenized real-world assets, derivatives, prediction markets, and early-stage token sales, starting with US users. Year-to-date, Coinbase shares remain up more than 50%, outperforming the S&P 500 benchmark, which the stock joined in May. As of this writing, COIN closed the trading day at $377. Featured image from DALL-E, chart from TradingView.com
Good news for TRX investors as TRON Inc. has filed a $1 billion shelf offering with the U.S. SEC, aiming to acquire up to 3.1 billion TRX tokens. This initiative marks an 849% jump from the firm’s last major token purchase of 365 million TRX in June 2025, which coincided with the start of a bullish TRX rally. Related Reading: Dogecoin Eyes Breakout Above Key Trendline-Will Momentum Hold Or Fade? Currently, TRX trades at $0.33, showing price resilience despite a 2.94% dip over the last 24 hours. Market watchers are eyeing the $0.35 and $0.40 resistance levels, with the all-time high sitting at $0.44. The shelf offering enables TRON Inc. to gradually accumulate tokens, reducing the risk of market disruption while maintaining steady upward pressure on the price. TRX's price trends to the upside on the daily chart. Source: TRXUSD on Tradingview Institutional Confidence and TRON Whale Activity Soar TRON’s strategic growth has been boosted by a 526% surge in whale transactions, coupled with record-high unrealized profits on the network. Following its successful Nasdaq listing via a $100 million reverse merger with SRM Entertainment, TRON Inc. is increasingly attracting institutional capital. This mirrors corporate strategies like MicroStrategy’s Bitcoin reserves, signaling a potential paradigm shift in blockchain finance. Technical indicators remain bullish. TRX sits above key moving averages, with momentum metrics such as MACD and RSI supporting continued price strength. Analysts suggest a breakout above $0.35 could set the stage for a rally toward $0.43. Stablecoin Dominance and Ecosystem Expansion TRON now hosts over $80.8 billion in USDT, surpassing Ethereum in Tether supply and processing over $20 billion in USDT daily. The network’s low-cost infrastructure has made it a preferred choice for stablecoin transactions, bolstering its position in cross-border payments. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big Despite regulatory scrutiny and governance questions, TRON continues to expand its DeFi and dApp ecosystems. With $1 billion in planned token purchases and institutional backing growing, TRX could be poised for a significant upward trajectory. Cover image from ChatGPT, TRXUSD chart from Tradingview
JPMorgan Chase and crypto exchange Coinbase have announced a new partnership on Wednesday that marks a pivotal shift in the relationship between traditional finance and digital assets. As the crypto industry experiences a bullish resurgence, fueled by a more favorable regulatory environment in the United States, major financial institutions are reassessing their earlier skepticism toward digital currencies and are now eager to explore the opportunities within this sector. JPMorgan’s Collaboration With Coinbase The recent passage of key legislation—the GENIUS Act, the Digital Asset Market Clarity Act, and anti-Central Bank Digital Currency (CBDC) bills—through Congress has encouraged more banks and firms to consider integrating digital assets into their operations. Related Reading: XRP, Dogecoin, And Shiba Inu Get Major Boost From Gemini Exchange Announcement This renewed interest comes at a time when the cryptocurrency market has reached an impressive valuation of approximately $4 trillion, with expectations for continued growth as regulatory clarity emerges in major markets. Starting in 2026, JPMorgan customers will be able to fund their Coinbase wallets using Chase credit cards, according to Reuters, therefore facilitating easier access to cryptocurrency purchases. The partnership also allows Chase customers to redeem credit card reward points for Circle’s USDC stablecoin. This feature, alongside the ability to link bank accounts directly to Coinbase for funding crypto purchases, reflects the increasing integration of digital assets into everyday financial transactions. Financial Giants Step Into The Crypto Market Stablecoins, which are designed to minimize price volatility, are positioned as essential tools for facilitating seamless transactions in both trading and payments. They are now under a new regulatory framework established by the GENIUS Act, which was signed by President Donald Trump. Market analysts have noted that the adoption of cryptocurrencies is set to accelerate in light of the recent legislative changes. BCA Research highlighted that companies within the crypto ecosystem are well-positioned to benefit from this growth, suggesting that increased adoption will lead to price appreciation for digital assets. Related Reading: BlackRock Staking For Its Spot Ethereum ETF Has Been Acknowledged — But What’s Coming For ETH? Coinbase’s stock, COIN, has responded positively to the partnership news, rising by 6% in Wednesday’s trading session, closing the day at $377 and reflecting a broader trend in the company’s performance. With shares up around 50% this year, Coinbase has achieved a market capitalization of approximately $95 billion, further solidifying its role as a leader in the cryptocurrency space. Reuters highlighted that the crypto exchange’s recent inclusion in the S&P 500 index underscores its growing significance and acceptance in the mainstream financial world. Other financial institutions are also taking steps to engage with the crypto market. Earlier this month, PNC Bank announced its collaboration with Coinbase to offer cryptocurrency trading to its customers, indicating that the interest in digital assets is not limited to JPMorgan alone. Citibank, Morgan Stanley, and Bank of America are among the largest US banks joining this growing trend, in which cryptocurrencies are expected to benefit tremendously. Featured image from DALL-E, chart from TradingView.com
Crypto exchange Coinbase has launched a new initiative with its “Base App,” aiming to broaden access to the crypto economy. Unveiled on Wednesday, this application replaces the Coinbase Wallet and is designed to merge various functionalities, including wallet, trading, payments, messaging, and social media. Built on Coinbase’s proprietary blockchain network, Base, which operates on the Ethereum (ETH) blockchain, the app reportedly seeks to attract a wider audience beyond traditional cryptocurrency enthusiasts. Base App Launch According to CNBC, the Base App represents an opportunity to reach consumers who may not be primarily interested in buying or trading cryptocurrencies—a critical pivot given the company’s past over-reliance on trading revenues. Related Reading: BNB Price Stalls: Struggles to Resume Gains While Altcoins Rally To support the launch of the Base App, Coinbase introduced two significant features: Base Account, an identity verification system, and Base Pay, an express checkout tool designed for payments using the Circle-issued USDC stablecoin. During the unveiling event, Alex Danco, a product manager at Shopify, highlighted that “tens of thousands” of merchants can now utilize this feature, with plans for a broader rollout in the coming months. Additionally, Shopify intends to offer 1% cash back on USDC payments made through Base, further incentivizing usage. While initial enthusiasm for the Base network has primarily attracted developers and builders, notable interest is growing among larger financial entities. Recently, JPMorgan announced its plan to launch a deposit token on the Base blockchain, showcasing the network’s potential. Ambitious Goals For Coinbase The Base App is designed to enhance monetization options and greater control over their identity and data. As part of this initiative, Coinbase plans to fund creator rewards and waive USDC transaction fees within chat features, although significant revenue generation is not expected immediately. This launch comes at a time when the broader cryptocurrency industry is experiencing a surge in new products, driven by favorable policies from the Trump administration and anticipated regulatory clarity from Congress. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? Last month, Coinbase made headlines with the introduction of its first credit card in partnership with American Express, while Shopify rolled out USDC-powered payment solutions through Coinbase and Stripe. Coinbase CEO Brian Armstrong has expressed ambitious goals for the company, aiming to position USDC as the world’s leading stablecoin, currently dominated by Tether’s USDT. He also envisions transforming Coinbase into the premier financial services app globally within the next five to ten years. As of writing, the exchange’s stock, COIN, is trading at $398, slightly down from its all-time high of $405, which was reached earlier in Wednesday’s trading session. Bitcoin (BTC) and other major cryptocurrencies have also shown significant bullish momentum, with prices reaching new records or levels not seen since earlier in the year. Featured image from DALL-E, chart from TradingView.com
In a major blow for the crypto industry, several bills championed by President Donald Trump failed to pass a crucial procedural vote in the House of Representatives on Tuesday. According to CNBC, the final tally stood at 196-223, with 13 Republican representatives siding with Democrats to block the motion, marking a rare moment of dissent among House Republicans. House Rejects Key Crypto Legislation The proposed legislation included notable measures such as the GENIUS Act, which aimed to establish regulatory clarity for cryptocurrencies including stablecoins, which have gained notable traction over the past months among traditional firms. In light of the failed vote, House leadership has indicated plans to hold another vote later in the day. However, it remains uncertain whether this subsequent vote will address the same bills or if amendments will be made to appease those who opposed the original motion. Related Reading: Unraveling The Bitcoin Boom: Experts Decode Record $123,000 Surge This vote occurred during “Crypto Week,” a period enthusiastically promoted by President Trump in an earlier Tuesday post on the social media site X (formerly Twitter), in which the president stated: The GENIUS Act is going to put our Great Nation lightyears ahead of China, Europe, and all others, who are trying endlessly to catch up, but they just can’t do it. Digital Assets are the FUTURE, and we are leading by a lot! Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!). Market Reacts Negatively Despite the optimism surrounding “Crypto Week,” the failure of the vote sent ripples through the market. Notable crypto-linked stocks took a hit in response, with shares of stablecoin issuer Circle (CRCL) plummeting more than 7% toward $195. Related Reading: TD Cowen Projects Bitcoin At $155K By Year-End, Raises Strategy’s Price Target After the news broke, crypto exchange Coinbase (COIN) also saw its stock decline by over 4%, while digital asset firm Marathon Digital Holdings (MARA) experienced a dip of more than 2%. Featured image from DALL-E, chart from TradingView.com
Coinbase (COIN) is experiencing significant momentum, with its stock poised to reach a record closing high as the cryptocurrency sector enters what the White House has dubbed “Crypto Week.” The positive trend for the crypto industry has been notable since President Donald Trump took office, culminating in Bitcoin (BTC) hitting record highs beyond the $123,000 level on Monday. This surge is attributed to favorable legislative developments, the resolution of ongoing lawsuits with the US Securities and Exchange Commission (SEC), and the appointment of regulators who are seen as supportive of the crypto space. COIN Poised For $100 Billion Market Cap Coinbase has had an impressive start to 2025. Analysts at Ned Davis Research emphasized in a recent note that no other company seems to be benefiting as much from the current political climate as Coinbase. In Monday trading, shares of Coinbase rose by 2% to $394.79, following a record closing high of $388.96 just days earlier. The stock has jumped an impressive 63% this year and is on track to achieve a market capitalization exceeding $100 billion for the first time. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst A significant turning point for Coinbase came in February when the SEC dropped a lawsuit that had been pending for two years, which accused the company of operating as an unregistered securities exchange. This victory was followed by Coinbase becoming the first cryptocurrency firm to join the S&P 500, further solidifying its status in the market. Investors are particularly optimistic as Congress prepares to discuss three bills aimed at clarifying the regulatory framework surrounding the cryptocurrency sector. The legislation has garnered broad support among crypto advocates. Additionally, the SEC’s decision to move crypto oversight to its more favorable Cyber & Technology unit and repeal a rule requiring financial institutions to treat crypto custody holdings as liabilities has further boosted market confidence. Positive Long-Term Outlook For Coinbase Looking ahead, analysts from Benchmark Equity Research anticipate that Coinbase will successfully petition the SEC to offer tokenized equities on its platform. CEO Brian Armstrong’s “close ties to Trump” are expected to play a role in this endeavor. Moreover, Coinbase is well-positioned to benefit from the Clarity Act, one of the bills under consideration, which aims to enhance institutional confidence in digital asset trading and holding. Benchmark has maintained a Buy rating for Coinbase, setting a price target of $421. However, some analysts caution that the positive developments may already be reflected in the stock’s current price. Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Owen Lau of Oppenheimer recently assessed the likelihood of the Clarity Act passing at 70% and slightly adjusted his estimates for Coinbase’s trading volume ahead of the company’s earnings report scheduled for July 31. Even if the upcoming earnings release disappoints, experts believe that the underlying momentum of Coinbase will not be significantly affected. Oppenheimer has reiterated an Outperform rating, raising its price target to $417 from a previous $395. Featured image from DALL-E, chart from TradingView.com
Shares in Coinbase recently surged to $380, reaching valuations last seen during its Nasdaq debut in April 2021.
The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange. According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto sector. Coinbase Collaborates With DOJ Amid Major Data Breach Coinbase disclosed that the breach involved criminal actors bribing employees and contractors in India to gain access to sensitive client data. Paul Grewal, Chief Legal Officer of Coinbase, stated: We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcement’s pursuit of criminal charges against these bad actors. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? Importantly, the exchange’s CLO clarified that while Coinbase itself is not under investigation, the DOJ is focused on the criminals involved in the breach. The incident first came to light when Coinbase received an email from an unidentified threat actor on May 11, claiming to possess information about certain customer accounts alongside internal documents. The company anticipates losses ranging from $180 million to $400 million due to the cyberattack. $20 Million Reward Fund After Rejecting Ransom While the attackers managed to steal some data, including names, addresses, and email addresses, the exchange confirmed that login credentials and passwords were not compromised. In a statement on May 15, Coinbase reassured its users via social media platform X (formerly Twitter) that it would not succumb to the attackers’ demands. The criminals had requested a ransom of $20 million. Related Reading: Pundit Says XRP Price Will Stabilize At $1,000 And Become ‘Very Expensive’ Instead of paying the ransom, Coinbase announced the establishment of a $20 million reward fund aimed at encouraging information leading to the arrest and conviction of those responsible for the attack. At the close of trading on Monday, the company’s stock (COIN) was trading at $263. Featured image from DALL-E, chart from TradingView.com
The company is set to join the broad-market stock index on May 19, replacing Discover Financial.
Coinbase has bitcoin on the balance sheet, but management wants to be clear it's not taking the Michael Saylor/MSTR approach.
Shares of Coinbase (COIN), the largest crypto exchange in the US, have faced significant declines during the first quarter (Q1) of the year, primarily due to escalating concerns about the US economy and its impact on digital assets. Coinbase And Others Face Increased Volatility According to Bloomberg, Coinbase’s stock has dropped more than 30% since the beginning of the quarter, marking its worst performance since the collapse of the FTX exchange in late 2022. This decline is reflective of a broader trend affecting nearly all major crypto-linked stocks, including companies like Galaxy Digital Holdings (GLXY.TO), Riot Platforms (RIOT), and Core Scientific (CORZ). Related Reading: XRP Bull Cycle Could End If This Happens: Analyst The cryptocurrency market itself is experiencing turmoil, with Bitcoin (BTC) falling over 20% from its all-time high and Ethereum (ETH) plummeting more than 45% in value. These shifts come amid President Donald Trump’s escalation of a “global trade war,” which has stirred fears about the health of the country’s economy. Economic data has exacerbated these concerns, pushing the S&P 500 Index (GSPC) toward its worst quarter since mid-2022. Oppenheimer analyst Owen Lau noted that many within the cryptocurrency community recognize that the current market conditions are not primarily driven by fundamental factors. Instead, Lau emphasized that macroeconomic issues—such as tariffs and the potential trade war—are influencing investor sentiment significantly. The looming threat of a recession has reportedly added to the unease, causing higher-risk crypto-linked stocks to be even more volatile than Bitcoin itself. Lau explains that investments in companies like Coinbase carry additional risks, including the potential for bankruptcy, allegedly making them particularly susceptible to swift sell-offs. Cryptocurrency Market Struggles To Rebound The current state of the cryptocurrency market is a stark contrast to the optimism that prevailed at the start of the year, following Trump’s election. Bitcoin reached a record high of over $109,000 on Inauguration Day. Earlier this month, Bitcoin prices fell after Trump announced a strategic reserve for the market’s leading crypto, but did not allocate taxpayer funds to expand it. As of now, Bitcoin trades around $83,000, still above pre-election levels but far from its peak. Related Reading: Ethereum To $20K? Investor Says Real-World Adoption Holds The Key While shares of various crypto-related companies surged following the election, Coinbase and crypto miners have since relinquished those gains. Notably, Michael Saylor’s Strategy (MSTR) is among the few stocks in the sector that has managed to remain in positive territory since November 5. Despite the downturn, the cryptocurrency industry continues to gain influence in Washington and is moving closer to integration with traditional financial systems. However, this growing power has yet to translate into a market rebound. Connor Loewen, a cryptocurrency analyst at 3iQ, expressed skepticism about the current state of investor sentiment, stating, “What we saw a couple of months ago, I don’t know how much crazier it can get than that. I think we’re going to have to be looking for new catalysts.” Featured image from DALL-E, chart from TradingView.com
The plans are not yet concrete, as Coinbase is awaiting regulatory clarity on securities tokenization.
2024 saw the birth of the "celebrity memecoin meta" with multiple public figures cashing in on their fame to launch memecoins, though many quickly fizzled out not long after launch.
MicroStrategy saw more trading volumes than the US spot Bitcoin ETFs combined as its shares tanked over 25% on Nov. 21.
The Utopia Labs team will join the Base network to accelerate Coinbase Wallet's on-chain payments buildout.
The crypto exchange is one of the big winners from the United States elections on Nov. 5.
The general cryptocurrency market has seen notable upward momentum in the past few weeks, with Bitcoin, the largest digital asset, leading the market once more toward what several seasoned crypto analysts believe to be one of the biggest bull runs ever. Bitcoin Heading Toward More Higher Levels In his latest report, Doctor Profit, a market […]
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.
COIN shares have dropped in after-hours trading as the crypto exchange missed earnings estimates, blaming “softer market conditions.”
Coinbase (COIN) reported second-quarter earnings on Thursday.