Dernières nouvelles pour Coinbase Glb (NASDAQ:COIN) Stock

Coinbase Glb

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Coinbase Global, Inc. - Class A Common Stock

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COINSILIUM GROUP LTD ORD by Coinsilium Group Ltd.

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<ul>
<li>MSTR</li>
<li>$BTC</li>
<li>CORN</li>
<li>COIN</li>
<li>MARA</li>
<li>HOOD</li>
<li>NVDA</li>
<li>TSLA</li>
<li>ACHR</li>
<li>AI</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Trading Ideas

$BTC

ACHR

COIN

CORN

HOOD

MARA

MSTR

NVDA

TSLA

Top 10 Trending Stocks On WallStreetBets As Of December 5, 2024 (Via Swaggy Stocks)

U.S. stocks could open on a weak note on Thursday after the <a href="https://www.benzinga.com/24/12/42332881/dow-settles-above-45000-for-first-time-investor-sentiment-improves-fear-greed-index-in-greed-zone">averages closed at a record high on Wednesday</a>. Futures of all three major indices were marginally down on Thursday, pointing to cautious sentiment on Wall Street.
The tentativeness in U.S. futures comes after Federal Reserve chair Jerome Powell tried to downplay expectations of swift rate cuts, citing a strong economy and uncertainty about inflation.
"The labor market is better, and the downside risks appear to be less in the labor market. Growth is definitely stronger than we thought, and inflation is coming [out] a little higher," Powell said during an interview at the New York Times' DealBook Summit on Wednesday.
"So, the good news is that we can afford to be a little more cautious as we try to find neutral."
However, CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows that expectations of a 25-basis-point rate cut in December stand at 74%, up from 66.5% a week ago.
On Thursday, Bitcoin surged past $103,000 for the first time, with the cryptocurrency trading at $102,407 at the time of writing, according to data from <a href="http://pro.benzinga.com">Benzinga Pro. </a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.02%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.06%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.03% to $607.46 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.10% to $522.72, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed on a positive note on Wednesday, with all three major indices registering healthy gains. The Dow Jones settled above 45,000 for the first time, while the S&amp;P 500 and Nasdaq solidified their gains.
Crude oil prices edged up on Thursday ahead of OPEC+ decision on production.
Treasury yields rose after jobs data revealed private payrolls came in lower than expected.
On the economic data front, U.S. private businesses added 146K workers to their payrolls for the month of November compared to a revised 184K gain in October, versus market estimates of 150K. U.S. factory orders rose by 0.2% from the previous month to $586.7 billion in October. The ISM services PMI fell to 52.1 in November compared to 56 in October and down from market estimates of 55.5.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, materials, and financial stocks recording the biggest losses on Wednesday.
However, consumer discretionary and information technology stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>1.30%</td>
<td>19,735.12</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.61%</td>
<td>6,086.49</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.69%</td>
<td>45,014.04</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.42%</td>
<td>2,426.56</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Analysts at BlackRock Investment Institute expect American companies to register growth in the upcoming year.
"Currently, across all the scenarios in the outlook, the platform is gravitating towards the US corporate strength scenario, which is another way of calling for US exceptionalism," said BlackRock Investment Institute's chief investment strategist Wei Li at a media roundtable on Wednesday, according <a href="https://finance.yahoo.com/news/blackrock-sees-exceptionalism-powering-us-stocks-higher-in-2025-100025443.html">to</a> Yahoo Finance.
BlackRock strategists are not alone in their bullish outlook on US equities going into 2025.
Wells Fargo strategists also expect a bull run in 2025, giving a target of 7,007 for the S&amp;P 500.
"On balance, we expect the Trump Administration to usher in a macro environment that is increasingly favorable for stocks at a time when the Fed will be slowly reducing rates," said Wells Fargo&#8217;s Christopher Harvey and his team of strategists.
Ryan Detrick, chief market strategist at Carson Group, explained why bears shouldn't bet against equities in December.
"When the S&amp;P 500 was up 20% or more for the year heading into the final month, December has been up nine of the past 10 times," said Detrick in his latest note.
Detrick's analysis shows that big gains in November set equities on a path for a rally in the new year, too.
"Do big monthly gains matter? We'd say yes, as the S&amp;P 500 is up an average of 13.5% a year later and higher nearly 84% of the time after a calendar month gain of more than 5%."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Thursday's economic calendar includes the release of initial jobless claims data for November and U.S. trade deficit data for October will be released at 8:30 a.m. ET.
Stocks In Focus:
<ul>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) <a href="https://www.benzinga.com/markets/equities/24/12/42333575/microstrategy-shares-rise-813-in-pre-market-as-bitcoin-surpasses-100k-driving-institutional-interest-and-490-gains-this-year">stock surged over 8%</a> in premarket trading on Thursday, while Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) surged over 3% after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hit the <a href="https://www.benzinga.com/24/12/42331261/bitcoin-hits-historic-100000-milestone-michael-saylor-gets-ready-for-party">much-awaited $100,000</a> mark for the first time in its history late night on Wednesday.</li>
<li>SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) stock plunged 15% in premarket trading after the company <a href="https://www.benzinga.com/news/earnings/24/12/42327667/whats-going-on-with-sentinelone-stock-after-hours">missed earnings expectations</a>.</li>
<li>Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) stock fell over 7% in premarket after the software provider's guidance missed estimates.</li>
<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) stock surged over 13% in premarket after the company raised guidance following strong Black Friday sales and a new CEO announcement.</li>
<li>Investors are awaiting earnings results from Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), and Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, gaining 0.50% to hover around $68.88 per barrel.
The 10-year Treasury note yield edged up to 4.207%.
Major Asian markets ended mixed on Thursday, while European markets were in the green in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42333041/teslas-bitcoin-holdings-criticized-by-gary-black-calls-them-irrelevant-to-tsla-stock-price-and-urges-focus-on-ev-growth-and-capital-allocation">Gary Black Says Tesla&#8217;s Bitcoin Holdings Not &#8216;Relevant&#8217; To TSLA&#8217;s Stock Price</a></li>
</ul>
Photo courtesy: Wikimedia

Earnings

Equities

News

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

FIVE

LULU

SNPS

US Stocks Likely To See Tepid Opening As Bitcoin Blasts Through $103,000: Investors Eye Jobless Claims Data While BlackRock Expects 'US Exceptionalism' To Power Earnings In 2025

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) is advancing its Southeast Asian expansion through stablecoin initiatives in Thailand and the Philippines, as cryptocurrency markets reach new heights amid expectations of a more <a href="https://www.benzinga.com/government/regulations/24/12/42261013/as-bitcoin-surges-coinbase-exec-expects-swift-legislation-thanks-to-trump-and-the-most-pro-crypto-congress-ever">crypto-friendly U.S. administration</a>.
What Happened: Jesse Pollak, founder of Base and head of Coinbase Wallet, emphasized the strategic importance of local currency stablecoins for mass blockchain adoption in Southeast Asia, <a href="https://asia.nikkei.com/Spotlight/Cryptocurrencies/Coinbase-arm-seeks-Southeast-Asia-foothold-with-baht-peso-stablecoins">reported</a> Nikkei on Thursday. 
While Coinbase Exchange isn&#8217;t immediately entering these markets, the company&#8217;s wallet business and Base blockchain platform are targeting developers in Thailand and the Philippines to build infrastructure supporting baht and peso stablecoins.
&#8220;When you bring a local currency &#8216;onchain,&#8217; it solves a few problems,&#8221; Pollak said in an interview. &#8220;If you have a Thai baht stablecoin, it&#8217;s literally the same money but just faster, cheaper and easier to use.&#8221;
The expansion comes as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surges over $100,000, driven by optimism surrounding the incoming U.S. <a href="https://www.benzinga.com/24/12/42331261/bitcoin-hits-historic-100000-milestone-michael-saylor-gets-ready-for-party">administration&#8217;s crypto policies</a>. 
See Also: <a href="https://www.benzinga.com/markets/eurozone/24/12/42330913/mohamed-el-erian-calls-michel-barniers-ouster-an-example-of-messy-politics-notes-greek-and-french-bonds-achieving-historic-parity">Mohamed El-Erian Calls Michel Barnier&#8217;s Ouster An Example Of &#8216;Messy Politics,&#8217; Notes Greek And French Bonds Achieving Historic Parity</a>
Why It Matters: Coinbase Chief Policy Officer Faryar Shirzad recently highlighted the <a href="https://www.benzinga.com/government/regulations/24/12/42261013/as-bitcoin-surges-coinbase-exec-expects-swift-legislation-thanks-to-trump-and-the-most-pro-crypto-congress-ever">potential for swift crypto legislation</a> under the new government, citing &#8220;the most pro-crypto Congress ever in history.&#8221;
Thailand has already shown openness to stablecoin innovation, approving its first cross-border payments solution using stablecoins in October. Similarly, the Philippine central bank greenlit a peso <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35203098/circle-collaborates-with-philippines-exchange-to-promote-usdc-remittances">stablecoin pilot program</a> by Coins.ph in May. 
Coinbase is leveraging these regulatory developments through partnerships like its collaboration with Siam Commercial Bank, which launched Rubie, a stablecoin wallet built on Base.
Industry experts at the recent <a href="https://www.benzinga.com/24/12/42297539/policy-formation-will-be-critical-experts-weigh-in-on-stablecoin-adoption">Benzinga Future of Digital Assets conference</a> emphasized stablecoins&#8217; critical role in bridging traditional and digital finance. Chuck Mounts of S&amp;P Global Ratings noted that &#8220;Stablecoins are… positioned to be the accelerant to the mass adoption for tradfi firms and crypto financial capabilities in the marketplace.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42331990/dogecoin-follows-bitcoins-100k-flourish-with-9-rally-bullish-predictions-galore-but-watch-out-for-the-lofty-ones">Dogecoin Follows Bitcoin&#8217;s $100K Flourish With 9% Rally As Bullish Predictions Rise, But Here&#8217;s What You Should Know</a></li>
</ul>
Image via Flickr
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Coinbase Targets Southeast Asia Crypto Expansion By Supporting Development Of Baht, Peso Stablecoins: 'Literally The Same Money But Just Faster'

COIN MOVES UP OVER 11 POINTS
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="775" height="632" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/04210617/Screen-Shot-2024-12-04-at-4.11.03-PM.png" alt="" class="wp-image-3828" style="width:919px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/04210617/Screen-Shot-2024-12-04-at-4.11.03-PM.png 775w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/04210617/Screen-Shot-2024-12-04-at-4.11.03-PM-300x245.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/04210617/Screen-Shot-2024-12-04-at-4.11.03-PM-768x626.png 768w" sizes="(max-width: 775px) 100vw, 775px" /></figure>
Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
A 10:27 AM on December 4th, a significant trading signal occurred for Coinbase Global, Inc. (COIN) as it demonstrated a Power Inflow at a price of $320.39. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Coinbase&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Coinbase&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted by active traders as a bullish signal.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for COIN, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like&nbsp; &nbsp; <a href="https://www.tradepulse.net">https://www.tradepulse.net</a>&nbsp; which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $320.39. The returns on the High price ($332.00) and Close price ($331.06) after the Power Inflow were respectively 3.6% and 3.3%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

TradePulse Power Inflow Alert: Coinbase Global (COIN) Moves Up Over 3% After The Signal

WIIM

BITF

CLSK

HIVE

RIOT

Shares of crypto-linked stocks and Bitcoin miners are trading higher amid a rise in Bitcoin.

<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="587" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03231757/Leveraged-ETFs-1024x587.jpg" alt="" class="wp-image-3795" style="width:920px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03231757/Leveraged-ETFs-1024x587.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03231757/Leveraged-ETFs-300x172.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03231757/Leveraged-ETFs-768x440.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03231757/Leveraged-ETFs.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Serving Conservative Investors Too</h2>
In the Portfolio Armor trading Substack, we lean toward aggressive trades, like buying shares of&nbsp;Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) at $21.86 after its auditor quit.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x26a1;&#xFE0F; Turning Bullish On Supermicro &#x26a1;&#xFE0F; Closing out the short half of our trade on <a href="https://twitter.com/search?q=%24SMCI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SMCI</a> from Friday and letting the long half run. <a href="https://t.co/r9gyTUCibd">https://t.co/r9gyTUCibd</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1858601078377378049?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
But the Portfolio Armor website offers something else for risk-averse investors. They can enter a dollar amount and their risk tolerance, and the site constructs a concentrated, hedged portfolio for them. That portfolio is designed to maximize the investor&#8217;s returns, while strictly limiting their risk to the maximum drawdown the investor indicated.&nbsp;
Here&#8217;s an example that surprisingly included a leveraged, single-stock ETF.&nbsp;
<h2 class="wp-block-heading">Hedged Portfolio For A Risk-Averse Small Investor</h2>
This was the hedged portfolio our site created 6 months ago for an investor with $30,000 who was unwilling to risk a decline of more than 13% over the next 6 months.&nbsp;
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="778" height="846" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232231/Hedged-Portfolio.png" alt="" class="wp-image-3796" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232231/Hedged-Portfolio.png 778w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232231/Hedged-Portfolio-276x300.png 276w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232231/Hedged-Portfolio-768x835.png 768w" sizes="(max-width: 778px) 100vw, 778px" /><figcaption class="wp-element-caption">Screen capture via Portfolio Armor on 5/23/2024</figcaption></figure>
The investor just entered that he had $30,000 and his maximum tolerable drawdown was 13%, and the site did the rest. It started by allocating equal dollar amounts into hedged positions in&nbsp;The Cooper Companies&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) and&nbsp;Robinhood Markets Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), which were top names of ours at the time. Then it rounded those dollar amounts down to round lots of each name. Afterwards, it allocated most of the cash left over from that rounding process to the&nbsp;Granite Shares 2x Long COIN Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CONL#NASDAQ">CONL</a>). That ETF is a 2x leveraged play on&nbsp;Coinbase Global, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).&nbsp;
<h2 class="wp-block-heading">How That Hedged Portfolio Performed&nbsp;</h2>
Over the next six months, that portfolio finished up 23.18%, versus up 13.94% for the&nbsp;SPDR S&amp;P 500 Trust&nbsp;(SPY).&nbsp;
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.com/front_tests/5757"><img loading="lazy" decoding="async" width="867" height="842" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232634/Portfolio-Performance.png" alt="" class="wp-image-3797" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232634/Portfolio-Performance.png 867w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232634/Portfolio-Performance-300x291.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232634/Portfolio-Performance-768x746.png 768w" sizes="(max-width: 867px) 100vw, 867px" /></a><figcaption class="wp-element-caption">Screen capture via Portfolio Armor</figcaption></figure>
You can find an interactive version of that chart <a href="https://portfolioarmor.com/front_tests/5757" target="_blank" rel="noreferrer noopener nofollow">here</a>. If you click there and move your mouse pointer to the beginning of the period, May 23rd, you&#8217;ll see the net position value for CONL (underlying + the long put leg &#8211; the short call leg) was $3,806.85. When the portfolio ended, that net position value was $4,286.70, as you can see in the image above, representing a gain of 11%. The point of that tightly-collared CONL position was to get a better-than-cash return while not increasing the portfolio&#8217;s risk, and it did just that. 
<h2 class="wp-block-heading">If You&#8217;d Rather Hedge What You Already Have&nbsp;</h2>
As a reminder, you can download our iPhone hedging app by clicking on the QR code below. You can also aim your iPhone camera at it.
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/03232829/QR-Code.jpg" alt="" class="wp-image-3798" /></a></figure>
Want a heads up next time we place an aggressive trade? You can subscribe to our trading Substack/occasional email list below.&nbsp;
If you&#8217;d like to stay in touch
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Specialty ETFs

ETFs

GraniteShares 1.5x Long Coinbase Daily ETF

CONL

SMCI

A Surprising Use For A Leveraged, Single-Stock ETF

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$34.2K</td>
<td>27.6K</td>
<td>2.9K</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$50.00</td>
<td>$492.1K</td>
<td>3.9K</td>
<td>1.9K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$30.7K</td>
<td>14.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>LMND</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$45.00</td>
<td>$102.0K</td>
<td>3.0K</td>
<td>1.1K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/06/24</td>
<td>$300.00</td>
<td>$32.8K</td>
<td>1.3K</td>
<td>940</td>
</tr>
<tr>
<td>JEF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$60.00</td>
<td>$229.3K</td>
<td>6.6K</td>
<td>692</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$34.0K</td>
<td>7.0K</td>
<td>476</td>
</tr>
<tr>
<td>GPN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$105.00</td>
<td>$27.0K</td>
<td>64</td>
<td>111</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$10.00</td>
<td>$40.0K</td>
<td>31.1K</td>
<td>102</td>
</tr>
<tr>
<td>PNC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$220.00</td>
<td>$50.1K</td>
<td>140</td>
<td>33</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option sweep that happens to be bearish, expiring in 45 day(s) on January 17, 2025. This event was a transfer of 118 contract(s) at a $100.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $290.0 per contract. There were 27689 open contracts at this strike prior to today, and today 2916 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option trade with neutral sentiment. It expires in 745 day(s) on December 18, 2026. Parties traded 1900 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $492.1K, with a price of $259.0 per contract. There were 3971 open contracts at this strike prior to today, and today 1900 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 45 day(s) on January 17, 2025. This event was a transfer of 115 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $267.0 per contract. There were 14105 open contracts at this strike prior to today, and today 1129 contract(s) were bought and sold. 
• For LMND (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>), we notice a call option sweep that happens to be bullish, expiring in 10 day(s) on December 13, 2024. This event was a transfer of 300 contract(s) at a $45.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $102.0K, with a price of $340.0 per contract. There were 3019 open contracts at this strike prior to today, and today 1108 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with neutral sentiment. It expires in 3 day(s) on December 6, 2024. Parties traded 25 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $1315.0 per contract. There were 1347 open contracts at this strike prior to today, and today 940 contract(s) were bought and sold. 
• Regarding JEF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>), we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on December 20, 2024. Parties traded 126 contract(s) at a $60.00 strike. This particular call needed to be split into 56 different trades to become filled. The total cost received by the writing party (or parties) was $229.3K, with a price of $1820.0 per contract. There were 6606 open contracts at this strike prior to today, and today 692 contract(s) were bought and sold. 
• For TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we notice a call option trade that happens to be bullish, expiring in 45 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $681.0 per contract. There were 7039 open contracts at this strike prior to today, and today 476 contract(s) were bought and sold. 
• For GPN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), we notice a put option sweep that happens to be bullish, expiring in 164 day(s) on May 16, 2025. This event was a transfer of 66 contract(s) at a $105.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $410.0 per contract. There were 64 open contracts at this strike prior to today, and today 111 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option trade with bullish sentiment. It expires in 562 day(s) on June 18, 2026. Parties traded 50 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $800.0 per contract. There were 31163 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For PNC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), we notice a put option trade that happens to be neutral, expiring in 80 day(s) on February 21, 2025. This event was a transfer of 33 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $50.1K, with a price of $1520.0 per contract. There were 140 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

LMND

SOFI

10 Financials Stocks With Whale Alerts In Today's Session

Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong on Tuesday voiced strong opposition to the U.S. government selling its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings, joining a chorus of criticism sparked by government movements of large quantities <a href="https://www.benzinga.com/news/global/24/12/42281825/tom-lee-predicts-sp-500-to-hit-6300-bitcoin-to-surpass-100k-by-year-end-says-trump-carrying-a-big-stick-can-be-effective">of the cryptocurrency.</a>
The debate intensified after 19,800 bitcoin, valued at $1.9 billion, was <a href="https://x.com/BitcoinMagazine/status/1863631968270741676">transferred</a> to a Coinbase Prime deposit address on Dec. 2.
"This is a huge strategic mistake. There is no price where it makes sense for the U.S. to sell any Bitcoin it has under its control," <a href="https://x.com/JasonPLowery/status/1863669823265178103">tweeted</a> Jason Lowery, a U.S. Space Force major and author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin.
Armstrong <a href="https://x.com/brian_armstrong/status/1863712754395128130">echoed</a> Lowery&#8217;s sentiment, stating, "Agreed – the U.S. government should never sell Bitcoin IMO."
Also Read: <a href="EXCLUSIVE: Why Bitcoin Cannot Crack $100,000 Just Yet">EXCLUSIVE: Why Bitcoin Cannot Crack $100,000 Just Yet</a>
<h3 class="wp-block-heading">Strategic Concerns Over Bitcoin Sales</h3>
Lowery argued that the government lacks understanding of Bitcoin&#8217;s strategic value, likening the potential sale to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41911120/the-german-government-sold-its-bitcoin-heres-how-much-it-missed-out-on">shortsighted policies of the past</a>.
He warned that the U.S. may later attempt to reclaim bitcoin sold off due to ignorance of its importance.
Referencing Executive Order 6102, a 1933 directive that forbade hoarding gold, Lowery suggested future policies might aim to reacquire Bitcoin in a similar fashion.
Criticism of the government&#8217;s actions extended beyond Armstrong and Lowery. 
Crypto educator Toby Cunningham <a href="https://cointelegraph.com/news/us-government-selling-bitcoin-coinbase-huge-strategic-mistake">labeled</a> the potential sale as &#8220;dumb,&#8221; asserting that the supply would be instantly absorbed by the market.
Meanwhile, Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) strategy adviser Gabor Gurbacs speculated the transfers could be routine custody updates rather than sales, noting, "There is also a lot we don't know. It's not guaranteed they will sell. I haven't seen any official auction information yet."
<h3 class="wp-block-heading">Mixed Signals and Market Implications</h3>
While the government has moved 25,999 bitcoin worth approximately $2.49 billion to Coinbase this year, analytics platforms suggest not all these transfers are intended for sale.
Spot On Chain indicated some movements could involve consolidating wallets or upgrading security for older addresses. 
CryptoQuant&#8216;s head of research, Julio Moreno, noted it was "highly likely" only 10,000 bitcoin were sold in the latest transactions, with the remaining 9,800 BTC transferred to a newly created wallet.
Currently, the U.S. government holds approximately 183,850 BTC valued at $17.7 billion across various addresses. 
&#8220;The U.S. should recognize the significance of this technology before making irreversible mistakes,&#8221; Armstrong said.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42275232/leveraged-microstrategy-etfs-are-playing-with-fire-experts-warn">Leveraged MicroStrategy ETFs Are Playing With Fire, Experts Warn</a></li>
</ul>
Photo: Shutterstock

$USDT

Coinbase CEO Brian Armstrong: 'The US Government Should Never Sell Bitcoin'

<a href="https://status.coinbase.com/">https://status.coinbase.com/</a>
Investigating - Due to an Interac outage, withdrawals via Interac for Canadian customers will be delayed. We are investigating this issue and will provide an update shortly. Dec 02, 2024 - 10:47 PST

Coinbase Says Due To An Interac Outage, Withdrawals Via Interac For Canadian Customers Will Be Delayed; Investigating Issue

<a href="https://www.coinbase.com/en-ca/blog/Fiat-to-crypto-in-seconds-with-Apple-Pay">https://www.coinbase.com/en-ca/blog/Fiat-to-crypto-in-seconds-with-Apple-Pay</a>
&nbsp;
Today, we&#39;re excited to announce the launch of Apple Pay for all fiat-to-crypto purchases via Coinbase Onramp, the easiest tool to build onramps into your existing products.
Onboarding to crypto can be a pain for your users: it can take a long time, require them to go through lengthy KYC (often requiring back and forth interactions), and use multiple apps to name just a few of the headaches. The process has a lot of friction, and as a result, users abandon ship. But not with Coinbase Onramp.
Coinbase Onramp takes the hassle out of fiat-to-crypto conversions with lightweight KYC for eligible purchases, free USDC on and offramping, and access to the most popular payment methods. With Apple Pay, getting onchain only takes seconds. Take a look at just how easy and quick it is on Moonshot, an app using Onramp to help users get onchain frictionlessly.
&nbsp;
<h2>Instantly bring money onchain with Apple Pay</h2>
Coinbase Onramp makes it easy to build fiat onramps into your app so you can focus on what matters most &mdash; building your app. For eligible purchases, we provide lightweight KYC to make the process of getting onchain even simpler. To turbocharge this feature for your users, we&#39;ve now integrated Apple Pay as a payment method.
Here&#39;s what that means for you and your users:
All of this on top of free USDC on and offramping for your users!
<h2>How to get started</h2>
If you&#39;re an existing app using Coinbase Onramp, there&#39;s nothing you need to do. Your users will automatically see Apple Pay appear as an option when making an eligible purchase.
Not on Onramp yet? Get set up with our <a href="https://docs.cdp.coinbase.com/onramp/docs/quickstart">quickstart</a>. Or try our <a href="https://docs.cdp.coinbase.com/onramp/docs/api-oneclickbuy">one-click-buy</a> for an even faster experience!
Have feedback, questions, or features you want to see us include in Coinbase Onramp? Reach out to us on <a href="https://discord.com/invite/cdp/">Discord</a> or schedule time to speak with our product team directly <a href="https://calendar.app.google/jTyG3jruogq2ZihX8">here</a>.

AAPL

Reported Earlier, "Fiat-To-Crypto In Seconds With Apple Pay; Coinbase Launches Apple Pay For All Fiat-To-Crypto Purchases Via Coinbase Onramp"

Coinbase shares are trading higher after Goldman Sachs raised its price target from $183 to $397 on the stock

Goldman Sachs analyst Will Nance maintains Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Neutral and raises the price target from $183 to $397.

Price Target

Analyst Ratings

Goldman Sachs Maintains Neutral on Coinbase Glb, Raises Price Target to $397

The Securities and Exchange Commission's aggressive stance on the cryptocurrency industry may soon be replaced with a more <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42221293/donald-trump-eyes-former-sec-comissioner-paul-atkins-as-gary-genslers-successor">accommodating regulatory approach</a>.
What Happened: With SEC Chair Gary Gensler set to leave office in January and President-elect Donald Trump preparing to appoint <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">a new SEC chair</a>, the stage is set for a major shift in how the crypto market is governed, <a href="https://www.wsj.com/finance/regulation/trump-crypto-us-war-0b91cc21">according </a>to The Wall Street Journal.
Gensler's tenure was marked by high-profile lawsuits against major crypto exchanges, including Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) and Kraken, for allegedly operating <a href="https://www.benzinga.com/24/11/42151131/sec-shatters-record-with-82b-in-penalties-for-2024-led-by-terraform-labs-massive-settlement">unlicensed securities platforms</a>.
However, the incoming administration's <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42235639/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-s">pro-crypto stance</a> suggests that this adversarial approach may be dismantled.
Trump's return to the White House signals a potential transformation in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41783773/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds">U.S. crypto regulation</a>.
Once a critic of digital assets, he has embraced the industry in his second term, vowing to position the United States as a leader in the crypto space. 
Legal experts expect that the next SEC chair will seek to settle ongoing lawsuits and implement new rules tailored to the unique characteristics of digital assets. 
Robert Stebbins, a former SEC General Counsel and a contender for the SEC chair position said, "to the extent there are no fraud claims involved, my sense is the commission would be likely to dismiss those cases in the future.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42264100/ethereum-etf-with-integrated-staking-to-be-approved-in-the-future-bernstein">Ethereum ETF With Integrated Staking To Be Approved In The Future: Bernstein</a>
Gensler's enforcement-driven legacy focused on targeting crypto exchanges as central players in what he deemed a noncompliant market. 
Following the collapse of FTX and other major crypto firms in 2022, the SEC ramped up its legal campaign, accusing exchanges of selling unregistered securities and violating investor protection laws. 
While Gensler argued that these actions were necessary to safeguard investors, critics contend that his approach was inefficient and created legal inconsistencies. 
U.S. District Judge Amy Berman Jackson, in a partial ruling against the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">SEC's case against Binance</a>, noted that the "case-by-case, coin-by-coin" litigation strategy risked inconsistent outcomes.
Industry leaders have long argued that existing securities laws are incompatible with the decentralized nature of cryptocurrencies. 
Coinbase, one of the <a href="https://www.benzinga.com/content/40996476/coinbase-sec-face-off-in-a-federal-appeals-over-crypto-regulatory-clarity">SEC's primary targets</a>, compared digital assets to collectibles such as baseball cards rather than securities.
The litigation has placed significant pressure on exchanges, many of which have resisted settlements that would require them to delist tokens or radically restructure their operations.
With Gensler's exit, the crypto industry sees an opportunity for a regulatory reset. 
Trump's campaign promises include reducing regulatory burdens and fostering innovation in the crypto space. 
What&#8217;s Next: Legal experts predict that a more collaborative regulatory framework could emerge, balancing investor protections with the industry's need for <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41602107/coinbase-ceo-brian-armstrong-says-next-sec-chair-should-apologize-for-the-damage-done-to-t">clarity and growth</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42250465/dogecoin-price-up-65-what-is-going-on">Dogecoin Price Up 6.5%: What Is Going On?</a></li>
</ul>
Image: Shutterstock

$BNB

How Donald Trump's Return Will Change The Crypto Regulation Game For Coinbase, Binance, Kraken

Benzinga's options scanner has just identified more than 11 option transactions on Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), with a cumulative value of $748,910. Concurrently, our algorithms picked up 4 puts, worth a total of 217,395.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $345.0 for Coinbase Glb over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Coinbase Glb stands at 1396.3, with a total volume reaching 2,511.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Coinbase Glb, situated within the strike price corridor from $80.0 to $345.0, throughout the last 30 days.
<h3>Coinbase Glb 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733150760_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$14.1</td>
<td>$12.55</td>
<td>$13.5</td>
<td>$300.00</td>
<td>$202.5K</td>
<td>1.6K</td>
<td align="right">153</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$19.85</td>
<td>$19.45</td>
<td>$19.45</td>
<td>$305.00</td>
<td>$124.4K</td>
<td>284</td>
<td align="right">384</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$52.15</td>
<td>$50.0</td>
<td>$50.55</td>
<td>$280.00</td>
<td>$101.1K</td>
<td>569</td>
<td align="right">0</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$23.85</td>
<td>$23.0</td>
<td>$23.54</td>
<td>$300.00</td>
<td>$94.1K</td>
<td>6.7K</td>
<td align="right">41</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$11.2</td>
<td>$10.95</td>
<td>$10.95</td>
<td>$300.00</td>
<td>$54.7K</td>
<td>2.1K</td>
<td align="right">721</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Glb</h3>
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Having examined the options trading patterns of Coinbase Glb, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Coinbase Glb</h3>
<ul>
<li>Trading volume stands at 816,595, with COIN's price up by 1.56%, positioned at $300.81.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 73 days.</li>
</ul>
<h3>What The Experts Say On Coinbase Glb</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $366.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Needham has decided to maintain their Buy rating on Coinbase Glb, which currently sits at a price target of $375. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Coinbase Glb, targeting a price of $358. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coinbase Glb options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This Is What Whales Are Betting On Coinbase Glb

Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong has called on the newly established Department of Government Efficiency (D.O.G.E.) to tackle what he describes as a glaring failure of global <a href="https://www.benzinga.com/government/regulations/24/12/42261013/as-bitcoin-surges-coinbase-exec-expects-swift-legislation-thanks-to-trump-and-the-most-pro-crypto-congress-ever">Anti-Money Laundering (AML) regulations</a>.
What Happened: &#8220;Anti-Money Laundering (AML) regulations have been a policy failure,&#8221; Armstrong <a href="https://x.com/brian_armstrong/status/1862932878021005361">wrote</a> on Saturday on X, noting that these regulations cost an estimated $213 billion annually while only stopping about 0.2% of illicit activity according to United Nations data.
&#8220;Sounds like a job for @DOGE,&#8221; he added, referring to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734897/elon-musks-doge-department-mention-gives-dogecoin-boost-to-top-of-daily-gainers-memecoin-s">agency created under the Trump administration</a> to streamline regulatory inefficiencies.
The Coinbase CEO responded to a tweet highlighting how financial institutions are pressured to police money laundering at the expense of legitimate accounts.
Armstrong's comments echo growing concerns in the financial sector about the unintended consequences of AML policies, which critics argue disproportionately harm legitimate consumers and small businesses. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42264100/ethereum-etf-with-integrated-staking-to-be-approved-in-the-future-bernstein">Ethereum ETF With Integrated Staking To Be Approved In The Future: Bernstein</a>
Banks, facing the risk of massive fines for compliance failures, often resort to <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33437300/trump-supporter-nigel-farage-aims-to-tackle-de-banking-theres-solution-at-the-ready-bitcoi">de-banking practices</a>—closing accounts or denying services to individuals and entities deemed even remotely risky.
Armstrong's tweet follows a broader debate ignited by John Arnold, co-chair of Arnold Ventures, who highlighted how regulators have effectively shifted the burden of anti-money laundering enforcement to private financial firms. 
This shift, Arnold <a href="https://x.com/JohnArnoldFndtn/status/1862891898580435448">argued</a>, incentivizes banks to avoid risk altogether, often to the detriment of legitimate account holders.
Armstrong's mention of D.O.G.E. also carries a playful nod to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the cryptocurrency often associated with humor but now gaining serious traction as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42247693/dogecoin-etf-coming-in-2025-i-think-someones-going-to-try-says-etf-analyst">cultural and financial symbol</a>.
What&#8217;s Next: With Dogecoin's initials coinciding with the agency&#8217;s acronym, many in the crypto community see the potential for the meme coin's ethos of inclusivity and decentralization to inspire a fresh approach to solving <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42250465/dogecoin-price-up-65-what-is-going-on">entrenched regulatory inefficiencies.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42244078/vladimir-putin-signs-bitcoin-mining-crypto-taxation-law">Vladimir Putin Signs Bitcoin Mining, Crypto Taxation Law</a></li>
</ul>
Photo: Shutterstock

$DOGE

Coinbase CEO Brian Armstrong: Failed Anti-Money Laundering Regulations 'Sounds Like A Job For DOGE'

Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Chief Policy Officer Faryar Shirzad expects swift passage of cryptocurrency legislation under President-elect Donald Trump&#8216;s administration, as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices surge to record levels amid expectations of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">dramatic shift in U.S. crypto policy</a>.
What Happened: Trump&#8217;s victory, coupled with Republican control of Congress, has energized the cryptocurrency industry, pushing Bitcoin above the $99,000 mark. 
Trump&#8217;s pro-crypto stance marks a significant departure from the current regulatory environment, with plans ranging from establishing a national Bitcoin reserve to expanding the Commodity Futures Trading Commission&#8217;s oversight of digital assets.
&#8220;We have the most pro-crypto Congress ever in history, we have an extraordinarily pro-crypto president coming into office,&#8221; Shirzad <a href="https://www.cnbc.com/2024/12/02/coinbase-policy-chief-us-can-adopt-crypto-regulation-quickly-now.html">told</a> CNBC, highlighting the potential for rapid legislative action in 2025. &#8220;I think the combination should finally allow the 50 million Americans who own crypto to have their interests and voice heard in policy.&#8221;
The cryptocurrency industry flexed considerable political muscle during the election, with crypto-related political action committees raising over $245 million. Nearly 300 pro-crypto lawmakers will take seats in the next Congress, according to the Coinbase-backed Stand With Crypto Alliance.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42258584/bitcoin-dogecoin-move-up-ethereum-steadies-as-traders-prepare-for-cryptos-final-2024-flourish-will-btc-hit-100k-in-december-analyst-explains">Bitcoin, Dogecoin Move Up, Ethereum Steadies As Traders Prepare For Crypto&#8217;s Final 2024 Flourish</a>
Two key pieces of legislation await consideration: the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act. Both bills aim to establish clear regulatory <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares">frameworks for digital assets and stablecoins</a>.
Why It Matters: The incoming administration is reportedly planning to shift significant regulatory authority from the Securities and Exchange Commission to the CFTC, particularly for Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot markets. This move would affect oversight of <a href="https://www.benzinga.com/government/regulations/24/11/42206456/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto">a $2.24 trillion market segment</a>.
Current SEC Chair Gary Gensler, known for his aggressive enforcement approach toward crypto companies, <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">will step down</a> on Jan 20. MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Executive Chairman Michael Saylor compared Trump&#8217;s proposed national Bitcoin reserve to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220158/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared">the Louisiana Purchase</a>, calling it &#8220;manifest destiny for the United States.&#8221;
However, some financial experts urge caution. Moody&#8217;s Analytics Chief Economist Mark Zandi warned about potential risks to taxpayers, citing crypto market volatility. The government currently holds approximately $20 billion in seized cryptocurrencies, which could form the foundation of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220158/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared">proposed national reserve</a>.
Price Action: Bitcoin was trading at $95,160 at the time of writing, down by 1.93% over the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42260445/dow-sp-record-best-month-of-year-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone">Dow, S&amp;P Record Best Month Of Year: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Regulations

$ETH

As Bitcoin Surges, Coinbase Exec Expects Swift Legislation Thanks To Trump And The 'Most Pro-Crypto Congress Ever'

BTDR

Shares of crypto-linked stocks are trading higher as Bitcoin hovers around $100K.

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) has been riding a wave of bullish momentum, and the charts just delivered a major technical milestone: <a href="https://www.benzinga.com/topic/golden-cross">a golden cross</a>.
The stock soared 143.3% over the past year, 31.41% in the past six months, and 41.57% in the last month. Whether this rally has more juice left in the tank remains to be seen.
<h2 class="wp-block-heading">COIN&#8217;s Golden Cross: A Perfect Setup For Bulls</h2>
The technical indicators are aligning in Coinbase's favor. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29064432/Screenshot-2024-11-29-at-4.54.31-PM.png" alt="" class="wp-image-669977" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29064432/Screenshot-2024-11-29-at-4.54.31-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29064432/Screenshot-2024-11-29-at-4.54.31-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock price, at $311.99, is comfortably above its key simple moving averages (SMAs), painting a picture of robust buying pressure:
<ul>
<li>Eight-day SMA: $309.12</li>
<li>20-day SMA: $282.74</li>
<li>50-day SMA: $225.66</li>
<li>200-day SMA: $220.63</li>
</ul>
Each level screams "bullish," signaling continued upside potential. Even the moving average convergence/divergence (MACD) indicator at 25.97 and the relative strength index (RSI) at 61.37 suggest that while the stock is approaching overbought territory, there's still room for the bulls to run before a pullback becomes likely.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42234487/coinbases-armstrong-warren-was-involved-in-one-of-the-most-unethical-un-american-things-in-the-biden-administration">Coinbase&#8217;s Armstrong: Warren Was Involved In &#8216;One Of The Most Unethical, Un-American Things In The Biden Administration&#8217;</a>
<h2 class="wp-block-heading">Regulatory Strategy: Turning Risks Into Rewards</h2>
Despite the turbulent regulatory environment for cryptocurrencies, Coinbase has managed to navigate these waters with finesse. By engaging with policymakers and prioritizing compliance, the company is positioning itself as a trusted name in the industry. 
This proactive approach not only minimizes risks but also enhances investor confidence in its long-term trajectory.
<h2 class="wp-block-heading">Tech-Driven Growth Powers Ahead</h2>
Coinbase's relentless investment in blockchain innovation and user-centric technology is paying dividends. As the exchange expands its offerings and refines its platform, it continues to attract a growing user base. These advancements bolster its competitive edge, ensuring sustained growth even in a volatile crypto market.
Coinbase's Golden Cross isn't just a blip on the radar—it's a flashing green light for bullish investors. Backed by strong technical indicators, strategic regulatory moves, and cutting-edge innovation, COIN appears well-positioned to keep climbing. While caution is warranted as RSI inches closer to overbought levels, the momentum is firmly in the bulls' hands.
Is this Golden Cross a sign of Coinbase's ascent to new heights? 
The charts—and the fundamentals—seem to think so.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42183963/microstrategy-coinbase-and-other-bitcoin-linked-stocks-tumble-as-btcs-march-to-100000-stalls">MicroStrategy, Coinbase, And Other Bitcoin-Linked Stocks Tumble As BTC&#8217;s March To $100,000 Stalls</a></li>
</ul>

Long Ideas

Technicals

Tech

Coinbase Flashes Golden Cross: Technical Indicators Align In Crypto Bulls' Favor

Fred Thiel, CEO of&nbsp;Marathon Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), expressed gratitude for the company&#8217;s achievements this Thanksgiving, highlighting a record market cap and mining success.
What Happened: Thiel took to social media on Friday to commend the efforts of his team at MARA. As per <a href="https://pro.benzinga.com">Benzinga Pro,</a> MARA reached a market cap of $9.03 billion as of Friday&#8217;s pre-market hours. This comes on the heels of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rising steadily and reaching a $96,000 level. At the time of writing, BTC was valued at $97,375.73. 
Meanwhile, other companies with significant bitcoin holding such as MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) clocked a market cap of $93.99 billion while Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) clocked a market cap $80.87 billion.
In July, MARA Holdings opted for a <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39958725/marathon-digital-buys-bitcoin-adopts-full-hodl-strategy-whats-going-on-with-the-mining-sto" target="_blank" rel="noreferrer noopener">&#8220;full H</a><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39958725/marathon-digital-buys-bitcoin-adopts-full-hodl-strategy-whats-going-on-with-the-mining-sto">ODL&#8221; strategy </a>for its Bitcoin treasury policy and retailed all Bitcoin mines while periodically making strategic open market purchases.
On Thursday, MARA expanded its Bitcoin holdings by issuing $1 billion in zero-coupon convertible senior notes. This allowed the company to pick an additional 703 Bitcoins, bringing the total number of Bitcoins purchased through this issuance to 6,474. Currently, MARA has 34,794 Bitcoins in its holdings. 
Thiel celebrated the company&#8217;s&nbsp;record-high market cap and&nbsp;an impressive month of mining, with an&nbsp;energized hash rate nearing 50&nbsp;EH/s.
He ended with an optimistic &#8220;Must be something still to come to top off MARA's 2024…or?&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42232028/remember-james-howells-who-lost-his-hard-drive-with-8000-bitcoins-now-worth-760m-his-ex-girlfriend-reveals-it-was-she-who-threw-it-away?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Remember James Howells Who Lost His Hard Drive With 8,000 Bitcoins Now Worth $760M? His Ex-Girlfriend Rev</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Celebrating this Thanksgiving the great effort by the team at MARA. Celebrating a record high market cap and record high HODL with an excellent month of mining almost in the record books and energized hash rate nearing 50 EH/s……Must be something still to come to top off MARA's… <a href="https://t.co/vNZ9BbAmNn">https://t.co/vNZ9BbAmNn</a>
&mdash; Fred Thiel (@fgthiel) <a href="https://twitter.com/fgthiel/status/1862263481031966848?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
At the time of writing, MARA was up by 2.23%. Based on the ratings of&nbsp;17&nbsp;analysts, the consensus price target for the company is $23.83, as per <a href="https://pro.benzinga.com">Benzinga Pro</a> data. However, the three&nbsp;most recent analyst ratings by&nbsp;Barclays, Compass Point, and Macquarie imply a&nbsp;2.28%&nbsp;downside for MARA.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MARA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29072715/Screenshot-2024-11-29-at-5.56.47%E2%80%AFPM-1024x398.png" alt="" class="wp-image-670052" /></a></figure>
Why It Matters: The company&#8217;s third-quarter earnings report in November revealed a 35% year-over-year increase in total revenue, although it missed revenue and EPS estimates. MARA&#8217;s energized hash rate rose by 9% to 40.2 EH/s, and the company mined 2,070 Bitcoins during the quarter.
However, the broader market context shows challenges. Bitcoin&#8217;s<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42183963/microstrategy-coinbase-and-other-bitcoin-linked-stocks-tumble-as-btcs-march-to-100000-stalls"> recent price decline </a>affected stocks like MARA, MicroStrategy and Coinbase. These stocks fell by 3.63%, 3.33%, and 3.40%, respectively, as Bitcoin&#8217;s rally stalled. 
Thiel recently requested the incoming Trump administration to enhance U.S. Bitcoin mining operations. By increasing its share of the global hash rate, MARA aims to protect U.S. economic interests and maintain a competitive advantage in the cryptocurrency market.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42214089/pepe-set-to-join-dogecoin-shiba-inu-as-multi-billion-dollar-meme-coin-by-2025-massive-breakout-coming-soon-trader-predicts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Pepe Set to Join Dogecoin, Shiba Inu As Multi-Billion Dollar Meme Coin By 2025: &#8216;Massive Breakout&#8217; Coming</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Fred Thiel Celebrates As Soaring Bitcoin Sends Marathon Holdings' Market Cap To A Record High: 'Must Be Something Still To Come To Top Off MARA's 2024…Or?'

A crypto trader has reportedly earned $800,000 worth of Hype (CRYPTO: HYPE) tokens through the airdrop of <a href="https://www.benzinga.com/money/what-is-dex-decentralized-exchange">decentralized exchange Hyperliquid.</a>
What Happened: The trader's <a href="https://x.com/CC2Ventures/status/1862428624378347838">wallet</a> shows 219,268 HYPE tokens, valued at $839,821 at the time of taking the snapshot, sparking discussions on how airdrops can shape user behavior and platform adoption.
Early adopters of Hyperliquid, a decentralized competitor to exchanges like Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) and Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) had the opportunity to accumulate points by participating in various activities, such as trading on perpetual and spot markets, providing liquidity and holding ecosystem coins.
According to industry observers, the program evolved to incentivize different actions, encouraging users to explore the platform's features comprehensively.
One significant feature of the program was another airdrop of its PURR meme coin, which provided participants with immediate payouts ranging from four to six figures based on their accumulated points.
This interim distribution kept users motivated and engaged until the program officially concluded.
Hyperliquid also added an additional points bonus for users who continued to use the platform organically, a move aimed at fostering long-term loyalty.
The trader praised Hyperliquid for the &#8220;best executed and most rewarding airdrop by a long shot,&#8221; further thanking the project for a &#8220;life-changing wealth generation event.&#8221;
Also Read:<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42234954/will-apple-or-nvidia-be-the-worlds-most-valuable-company-by-the-end-of-2024-polymarket-traders-have-a-clear-favorite"> Will Apple Or NVIDIA Be The World&#8217;s Most Valuable Company By The End Of 2024? Polymarket Traders Have A Clear Favorite</a>
Why It Matters: However, not all feedback has been celebratory.
Critics argue that while the program was innovative, such reward models risk creating a short-term spike in engagement without guaranteeing sustained platform use. 
The <a href="https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f">allocation</a> of 31% of the token supply directly to users—bypassing centralized exchanges, private investors, and market makers—was seen as a bold move, but some question whether this approach might limit broader market liquidity.
"While the airdrop was significant for users, the true test lies in whether the platform can sustain engagement without ongoing incentives," an industry analyst said. "Airdrops often generate initial excitement, but they don't always translate into long-term adoption."
Hyperliquid's success in maintaining user activity post-airdrop will likely determine whether it can stand out in a crowded <a href="https://www.benzinga.com/money/what-is-defi">decentralized finance (DeFi) space</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42234487/coinbases-armstrong-warren-was-involved-in-one-of-the-most-unethical-un-american-things-in-the-biden-administration">Coinbase&#8217;s Armstrong: Warren Was Involved In &#8216;One Of The Most Unethical, Un-American Things In The Biden Administration&#8217;</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Trader Scores Over $800,000 From Crypto Airdrop: 'Thank You For The Life-Changing Wealth Generation Event'

Sol Strategies announces letter of intent to acquire validators

In a post to his Truth Social platform, President-elect Donald Trump stated: "I am delighted to announce the nomination of Paul Atkins to be the ne...

Donald Trump announces nomination of Paul Atkins to be next SEC Chairman

Trump nominates Atkins to succeed Gensler as SEC chair

Biggest stock movers Thursday: Crypto stocks, AEO, and more

Here's what Seeking Alpha analysts are saying as Bitcoin trades above $100K

Bitcoin hits $100K after Trump picks pro-crypto SEC head

Bitcoin soars past $100K and these 20 companies hold the most amount of the cryptocurrency

Biggest stock movers Thursday: Crypto stocks, SIG, AEO, and more

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President-...

Trump Trade: Fiserv shares slip as CEO set to join new administration

Bitcoin retreats from $100K, bringing down other crypto, related stocks

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Screenshot 2024-10-29 at 5.30.18 PM

Emerging Markets

ROKU

What Opportunities Could The Disruptive Pace Of Technology Today Present? Hear From Cathie Wood At Crossroads Summit On Cutting Through The Chaos

Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Coinbase Global, Inc. - COIN

TUESDAY INVESTOR DEADLINE: Coinbase Global, Inc. Investors with Significant Losses Have Opportunity to Lead Investor Class Action Lawsuit - COIN

MarketVector Indexes Launches COIN50 Index in Partnership with Coinbase to Establish the Digital Asset Index Benchmark

Legal

DEADLINE ALERT for ALLR, and COIN: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

DEADLINE ALERT for COIN, NFE, DPZ: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

Webull to Expand Access to Crypto Futures with Coinbase Derivatives

Coinbase Policy Chief Expects U.S. Crypto Legislation In New Year

Coinbase to Participate in Goldman Sachs Financial Services Conference

Coinbase to Participate in 51st Nasdaq London Investor Conference

Crypto Stocks Surge As Bitcoin Rises Above $100,000

ALLR

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Coinbase Glb

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