Coinbase Global Option Alert: Nov 21 $340 Calls Sweep (43) near the Ask: 456 vs 41 OI

Coinbase Global Option Alert: Nov 21 $340 Calls Sweep (43) near the Ask: 456 @ $25.45 vs 41 OI; Ref=$258.55

Coinbase Global Option Alert: May 23 $257.5 Calls Sweep (5) near the midpoint: 793 vs 328 OI

Coinbase Global Option Alert: May 23 $257.5 Calls Sweep (5) near the midpoint: 793 @ $9.999 vs 328 OI; Ref=$257.4593

Coinbase Global (NASDAQ:COIN) Stock

COINBASE GLOBAL INC -CLASS A

Coinbase Global

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

Coinbase Global Inc

Coin Citadel

Coin98 - United States Dollar

CoinEx Token

CoinLoan

CoinMerge (BEP-20)

CoinPoker

COINSHARES INTL LTD by Coinshares International Limited

CoinShares International Ltd

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF

CoinShares Valkyrie Bitcoin Miners ETF

CoinShares Valkyrie Bitcoin and Ether Strategy ETF

CoinSmart Financial Inc

Coinbase Wrapped Staked ETH - United States Dollar

Coincheck Group NV

Coinshares Valkyrie Bitcoin Fund

COINSILIUM GROUP LTD ORD by Coinsilium Group Ltd.

Coinsilium Group Ltd

WIIM

APLD

ARBK

BITF

BTBT

BTCS

BTDR

CIFR

CLSK

CNCK

COIN

FUFU

HIVE

IREN

MARA

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

MSTR

RIOT

WULF

Shares of crypto-related companies are trading lower amid a drop in the price of Bitcoin.

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is trading at $2,654.33, having increased by 0.77% over the past 24 hours. The token grew 1.95% over the week, <a href="https://www.benzinga.com/money/how-to-buy-ethereum">and has surged 48.44% over the month</a>.&nbsp;
The growth comes on the back of Ethereum's milestone, as it crossed Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) by market cap, while ETH Co-founder makes a large transfer.&nbsp;
ETH reached a market cap of $327.82 billion, which is higher than Bank of America&#8217;s market cap of $326.20 billion. Bank of America has existed for more than a century, yet Ethereum has outpaced it within a decade, giving a boost to investors' confidence, and a strong sign that crypto is surpassing traditional finance on more than just technical grounds.
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The Ethereum network has completed the Pectra upgrade that doubled the capacity of its layer-2 solutions. The upgrade improved validator tools, as well as smart wallets, which make products in the Ethereum ecosystem easier to use.
Stripe has integrated Ethereum-based stablecoin accounts, enabling users in more than 100 countries to receive, send, and store assets like USDC. Ethereum has the potential to become the global infrastructure for decentralized finance.
Ethereum co-founder, Jeffrey Wilcke, made a transfer of 78,000 ETH (around $260 million) to Kraken, raising concerns among traders. Wilcke's previous large sales have coincided with local market peaks. The timing is also right as ETH&#8217;s price has nearly doubled its recent low at $1,390, which can invite a short-term correction.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw a similar pattern, where an anonymous whale placed an $800 million leveraged long bet on the token using 40x leverage. With the Federal Reserve adding to the uncertainty with unclear policy signals, traders are now worried about a violent market shift.&nbsp;
A post from Ethereum's official X account, formerly Twitter, showed 21 developments over the last few weeks. Along with the Pectra update and Stripe integration, names like CoalaPay, BTCS Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>), and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) have contributed to Ethereum&#8217;s growing reach and technical ability. Layer-2 solutions are active, secure, and faster than ever, and the ecosystem continues to innovate in ways that traditional finance can&#8217;t keep up with.
Ethereum passing Bank of America indicates that talent, capital, and attention are pouring into it, not due to hype, but because it&#8217;s providing actual utility.&nbsp;
It&#8217;s the space for developers to build, users to spend, and a new financial infrastructure to form.&nbsp;
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<li>Trade, earn, and grow your crypto portfolio with Crypto.com — <a href="https://www.benzinga.com/go/crypto-com-signup-bonus">plus receive up to $500 worth of rewards in the most popular tokens if you're a new customer</a>.</li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Ethereum Surpasses Bank of America As Price Soars 48%, Stripe Integrates Stablecoins

BTCT

Shares of crypto-linked stocks and Bitcoin miners are trading higher after Bitcoin reached a new all-time high, rising above $110,000.

Jim Cramer wrote on X Wednesday that bonds will &#8220;overshoot and then settle,&#8221; predicting that a turbocharged economy could emerge from the current budget agreement despite near-term market volatility.
What Happened: &#8220;Bonds will overshoot and then settle. They will get to a level that brings in actual buyers and then we will have a turbocharged economy from that budget agreement. We just can&#8217;t believe any of that right now. But it is possible,&#8221; CNBC&#8217;s Cramer posted on X.
His comments came as Treasury yields spiked to <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">multi-month highs Wednesday</a>, with the 30-year bond yield hitting 5.08% &#8211; the highest level since October 2023. The benchmark 10-year Treasury note yield traded at 4.59%, while the 2-year yield reached 4.00%.
<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">Bonds will overshoot and then settle. They will get to a level that brings in actual buyers and then we will have a turbocharged economy from that budget agreement. We just can&#39;t believe any of that right now. But it is possible.
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1925295837682315296?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The bond market selloff accelerated following a weak $16 billion 20-year Treasury auction that showed soft demand. The bid-to-cover ratio came in at 2.46, <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">sitting near the bottom quartile</a> of the last 50 auctions, according to Exante Data analysis.
The yield surge triggered broad equity weakness, with the Dow Jones Industrial Average losing 816.80 points or 1.91% to 41,860.44. The S&amp;P 500 shed 1.61% to 5,844.61, while the Nasdaq Composite dropped 1.41% to 18,872.64. 
High-growth tech stocks, including NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell over 2.5% during the Treasury market spike.
See Also: <a href="https://www.benzinga.com/news/financing/25/05/45557031/trump-considers-taking-fannie-mae-freddie-mac-public-calls-mortgage-giants-very-profitable-says-timing-seems-right">Trump Considers Taking Fannie Mae, Freddie Mac Public, Calls Mortgage Giants &#8216;Very Profitable,&#8217; Says Timing Seems Right</a>
Why It Matters: Market participants remain focused on fiscal policy under President Donald Trump&#8216;s administration, with the proposed tax-and-spending package <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">potentially slashing federal revenues</a> by $4.1 trillion through 2034, according to the Tax Foundation. 
Economist Justin Wolfers criticized the bill as &#8220;reverse Robin Hood,&#8221; while Moody&#8217;s recent sovereign debt downgrade amplified <a href="https://www.benzinga.com/25/05/45535537/trumps-budget-agenda-is-reverse-robin-hood-economics-says-justin-wolferstakes-from-working-families-gives-to-the-rich">existing fiscal sustainability concerns</a>.
&#8220;Budget deficits matter,&#8221; said veteran investor Ed Yardeni. &#8220;That&#8217;s especially so when they lead to higher interest rates, <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">higher bond yields, and potentially higher inflation</a>.&#8221;
Image Via Shutterstock
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<li><a href="https://www.benzinga.com/25/05/45556921/mark-zuckerberg-slams-endless-one-on-one-meetings-says-i-just-like-explode-without-open-blocks-of-time-in-the-calendar">Mark Zuckerberg Gets &#8216;Really Frustrated&#8217; And In A Bad Mood When He Can&#8217;t Do This One Thing</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

News

Bonds

Markets

NVDA

PLTR

Jim Cramer Says Bonds Will 'Overshoot And Then Settle,' Predicts Turbocharged Economy From Budget Agreement

A sharp jump in Treasury yields following Wednesday's weak 20-year bond auction triggered a swift market reaction, with several high-growth and tech names plunging between 1:05 p.m. and 2:05 p.m. ET—the exact window 30-year <a href="https://www.benzinga.com/news/treasuries">yields spiked above 5.08%.</a>
Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) led the decline, falling 6.9%, followed by Hims &amp; Hers Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>), which dropped 5%, data from <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a> platform shows. 
AI infrastructure firm CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) slid 4.4%, while Bitcoin-linked Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) tumbled 4.3%. 
Trading platform Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) lost 3.7%.
The selloff came as investors repriced risk across equities amid fears of persistently higher rates, sparked by soft demand at the 20-year Treasury auction. 
The bid-to-cover ratio of 2.46 landed near the bottom quartile of the past 50 auctions, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), sliding to a 19-month low.
Notable losers among the 20 movers with at least $10 billion market cap also included Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), with declines of 3.1%, 2.9% and 2.7%, respectively. 
Semiconductor names also came under pressure, as ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) fell 2.8%, while Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) lost 3% during the hour-long selloff. Other high-beta tech stocks such as Credo Technology Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) and Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) each dropped over 3%, reflecting broad-based risk aversion triggered by the Treasury market spike. 
The weakness extended into biotech and aerospace sectors as well, with Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) and Rocket Lab USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) down 2.7% and 3.5%, respectively.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Name</th>
<th>Price</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tempus AI</td>
<td>$60.39</td>
<td>-6.91%</td>
</tr>
<tr>
<td>Hims &amp; Hers Health</td>
<td>$58.27</td>
<td>-5.00%</td>
</tr>
<tr>
<td>CoreWeave</td>
<td>$104.33</td>
<td>-4.44%</td>
</tr>
<tr>
<td>Strategy</td>
<td>$399.58</td>
<td>-4.15%</td>
</tr>
<tr>
<td>Robinhood Markets</td>
<td>$64.11</td>
<td>-3.73%</td>
</tr>
<tr>
<td>Aurora Innovation</td>
<td>$6.17</td>
<td>-3.60%</td>
</tr>
<tr>
<td>Rocket Lab USA</td>
<td>$25.48</td>
<td>-3.51%</td>
</tr>
<tr>
<td>Credo Technology Group</td>
<td>$60.98</td>
<td>-3.24%</td>
</tr>
<tr>
<td>Mobileye Global</td>
<td>$15.88</td>
<td>-3.23%</td>
</tr>
<tr>
<td>Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>)</td>
<td>$92.15</td>
<td>-3.21%</td>
</tr>
<tr>
<td>ServiceTitan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTAN#NASDAQ">TTAN</a>)</td>
<td>$123.13</td>
<td>-3.07%</td>
</tr>
<tr>
<td>Palantir Technologies</td>
<td>$122.40</td>
<td>-3.05%</td>
</tr>
<tr>
<td>Super Micro Computer</td>
<td>$42.16</td>
<td>-3.04%</td>
</tr>
<tr>
<td>Estee Lauder Cos Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>)</td>
<td>$64.11</td>
<td>-2.96%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>$260.26</td>
<td>-2.92%</td>
</tr>
<tr>
<td>Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>)</td>
<td>$103.95</td>
<td>-2.89%</td>
</tr>
<tr>
<td>ON Semiconductor</td>
<td>$44.03</td>
<td>-2.82%</td>
</tr>
<tr>
<td>Summit Therapeutics</td>
<td>$25.59</td>
<td>-2.69%</td>
</tr>
<tr>
<td>Nvidia Corp. </td>
<td>$133.27</td>
<td>-2.69%</td>
</tr>
<tr>
<td>Kinsale Capital Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>)</td>
<td>$460.03</td>
<td>-2.64%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Benzinga Pro</figcaption></figure>
<h3 class="wp-block-heading">Wall Street Extend Lows</h3>
The S&amp;P 500 Index, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), deepened losses, falling 1.3% by 2:17 p.m. ET, while small caps were hit harder, with the Russell 2000 plunging 2.4%. 
All S&amp;P 500 sectors traded in negative territory, led by real estate, which dropped 2.7% under pressure from rising yields.
Gold miners, tracked by the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), were the only industry group holding gains, supported by a rise in bullion prices as investors sought safety amid Treasury volatility. 
The clean energy industry was the day's worst performer, with the Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) sliding 3.4%.
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Photo: Shutterstock

Analyst Color

Large Cap

Mid Cap

Broad U.S. Equity ETFs

Small Cap

Treasuries

Analyst Ratings

Tech

ETFs

ALAB

CRDO

CRWV

Market Vectors ETF Trust Market Vectors Gold Miners

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HOOD

KNSL

MBLY

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

RKLB

SMCI

SMMT

iShares Trust Barclays 20+ Year Treasury Bond Fund

TTAN

Treasury Yields Top 5%: These 20 Stocks Tanked In Just One Hour

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) soared to a new all-time high on Wednesday, crossing $109,000 amid rising investor confidence and renewed momentum in <a href="https://www.benzinga.com/money/bitcoin-price-prediction#:~:text=By%202025%2C%20Bitcoin%20is%20projected,projecting%20prices%20upwards%20of%20%24180%2C000.">the digital asset market</a>.
What Happened: Bitcoin&#8217;s new high of $109,500 on Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), surpasses the previous record set in January, underlining Bitcoin's resilience and growing role in macro portfolios.
The world's largest cryptocurrency has staged a sharp recovery from its April 8 low of $76,320, a day that coincided with a broader downturn in equities driven by fears of a renewed U.S. trade conflict. 
Since then, Bitcoin has rebounded over 40%, bolstered by both technical momentum and a favorable macroeconomic environment.
More than $50 million in short positions were liquidated within a single hour as the rally gathered steam, signaling a wave of forced buying and renewed bullish sentiment. 
The surge in price is accompanied by fundamental strength: over 33,000 BTC were added to short-term holder supply in just the past week, while long-term holders have quietly accumulated nearly half a million BTC since March.
What experts Are Saying: Bitcoin's rise comes at a time when digital assets are increasingly diverging from traditional risk markets.
"This isn&#8217;t just noise—it's conviction," Iliya Kalchev, analyst at Nexo Dispatch told Benzinga. "We're seeing a reshuffling of the supply landscape that supports durable upside rather than a speculative spike."
As global investors reassess their exposure to U.S. equities amid trade tensions and inflation uncertainty, assets like Bitcoin have drawn inflows as potential hedges and alternative stores of value. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45543096/why-donald-trump-including-cardano-in-the-crypto-reserve-suprised-even-the-founder-nice-to-see-progress">Why Donald Trump Including Cardano In The Crypto Reserve Suprised Even The Founder: &#8216;Nice To See Progress&#8217;</a>
Standard Chartered had previously forecast <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45034209/bitcoin-could-hit-120000-in-q2-says-standard-chartereds-geoff-kendrick">a fresh high in Q2</a>, citing increased asset reallocation among institutional players.
While altcoins like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) also posted modest gains of 1–3%, the spotlight remained firmly on Bitcoin. 
Meanwhile, the U.S. Securities and Exchange Commission has postponed decisions on several new exchange-traded fund proposals tied to major altcoins, including XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), DOGE and SOL, delaying the potential next wave of ETF-driven market expansion.
Gadi Chait, Investment Manager at Xapo Bank, emphasized that Bitcoin's current momentum is underpinned by spot market participation. 
"Funding rates on Binance remained negative through early May, and neutral funding yields have compressed sharply," he told Benzinga. "That indicates fresh capital entering without overleveraged froth."
Chait also pointed to a rare convergence of supportive macro and policy factors. "We've got a temporary cooling of U.S.–China tariff escalation, softer inflation prints, and the first real bipartisan tailwind in Washington with the FIT21 bill. 
At the same time, the UK's regulatory framework is nearing final form. All of this creates room for allocators to reenter the market."
What&#8217;s Next: Institutional participation is no longer marginal.
BlackRock's spot Bitcoin ETF IBIT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), recently exceeded $62 billion in assets under management, reinforcing Bitcoin's evolving status as a mainstream investment instrument.
Traders are closely watching the $108,000 support level for confirmation of continued bullish momentum. 
A decisive break higher could propel Bitcoin toward $110,000 in the coming days. 
Macro watchers are also awaiting speeches from Federal Reserve officials and key U.S. economic data later this week for clues on future monetary policy.
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<li><a href="https://www.benzinga.com/markets/25/05/45534496/altcoin-rotation-is-coming-expert-says-will-eth-xrp-dogecoin-benefit">Altcoin Rotation Is Coming, Expert Says: Will ETH, XRP, Dogecoin Benefit?</a></li>
</ul>
Image: Shutterstock

$ADA

$DOGE

$SOL

$XRP

IBIT

Bitcoin Hits All-Time High Of $109,500: What's Next?

Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), a Bitcoin mining company, announced an <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/n45517135/riot-platforms-announces-upsizing-of-credit-facility-to-200-million-with-coinbase" rel="noreferrer noopener">expanded credit agreement</a> with Coinbase Credit, Inc., a financing subsidiary of Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
Under the revised deal, Riot has increased its existing $100 million credit line to a total of $200 million, doubling its liquidity through the facility while maintaining all previous terms.
The new facility will support Riot&#8217;s strategic plans and general operations. The company aims to optimize capital usage and improve its financing structure as part of its broader effort to deliver long-term value to investors.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45512385/eric-trump-said-bitcoin-is-the-greatest-hedge-against-hard-assets-even-though-real-estate-is-his-bread-and-butter">Eric Trump Said Bitcoin Is The &#8216;Greatest Hedge Against Hard Assets,&#8217; Even Though Real-Estate Is His &#8216;Bread And Butter&#8217;</a>
Jason Les, CEO of Riot, highlighted the significance of the expansion, stating, &#8220;Riot is pleased to upsize the credit facility with Coinbase, which is a demonstration of our efforts to diversify our financing sources and lower our cost of capital in order to support greater long-term value creation for our shareholders.&#8221;
The terms of the new agreement remain unchanged from the original facility. Borrowed funds will accrue interest based on a rate composed of the greater of the federal funds upper limit or 3.25%, plus an additional 4.50%.
The credit line matures 364 days from activation, with a potential extension of another 364 days, subject to Coinbase&#8217;s approval.
Riot&#8217;s Bitcoin (CRYPTO: BTC/USD) holdings will partially secure the borrowed funds, aligning with its strategy of leveraging digital assets to unlock capital while retaining exposure to potential cryptocurrency upside.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, RIOT stock has decreased over 19% in the past year. Investors can gain exposure to the stock via&nbsp;Global X Blockchain ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKCH#NASDAQ">BKCH</a>).
Price Action: RIOT shares are trading lower by 1.45% to $8.845 at last check Tuesday, while COIN shares are trading lower by 0.52% to $262.63.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45179098/riot-platforms-powers-up-analyst-gives-4-reasons-why-he-is-bullish" target="_blank" rel="noreferrer noopener">Riot Platforms Powers Up: Analyst Gives 4 Reasons Why He Is Bullish</a></li>
</ul>
Image via Shutterstock

Movers

General

BKCH

Riot Platforms Pledges More Bitcoin To Double Borrowing Facility With Coinbase

Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has successfully upsized its existing $100 million credit facility (the "Existing Credit Facility") to a total commitment of up to $200 million (the "Upsized Credit Facility") with Coinbase Credit, Inc. ("Coinbase"), a subsidiary of Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).

Contracts

Riot Platforms Announces It Has Successfully Upsized Its Existing $100M Credit Facility To A Total Commitment Of Up To $200M With Coinbase Credit

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong celebrated a significant milestone for cryptocurrency regulation after the GENIUS Act cleared its first major procedural hurdle in the Senate with bipartisan support.
What Happened: Armstrong described the advancement as &#8220;a huge win for crypto and the future of onchain innovation in America&#8221; after Coinbase Chief Policy Officer Faryar Shirzad announced that 16 Democrats joined Republicans to pass an early procedural vote. 
&#8220;Crypto is again showing that it&#8217;s the biggest bipartisan issue in play on the Hill,&#8221; Shirzad noted in his social media post, thanking several senators for their efforts.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A huge win for crypto and the future of onchain innovation in America! Thank you to all senators who voted for it. <a href="https://t.co/Wml57q1tkb">https://t.co/Wml57q1tkb</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1924670213146214408?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
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The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, introduced by Sen. Bill Hagerty (R-TN), aims to provide a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45322570/treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill?utm_source=chatgpt.com">comprehensive regulatory framework for payment stablecoins</a> &#8211; digital assets pegged to traditional currencies like the U.S. dollar. 
The bill outlines operational standards, consumer protections, and compliance requirements with existing financial laws, including the Bank Secrecy Act.
However, the progress comes amid growing tension, as several Senate Democrats who previously supported the bill in committee <a href="https://www.benzinga.com/markets/25/05/45335415/coinbase-legal-chief-slams-congressional-standoff-on-crypto-bills-start-debating-and-stop-politickin?utm_source=chatgpt.com">suddenly withdrew their backing</a>. 
See Also: <a href="https://www.benzinga.com/25/05/45511478/dow-surges-over-100-points-despite-moodys-us-downgrade-investor-sentiment-decreases-fear-greed-index-remains-in-greed-zone">Dow Surges Over 100 Points Despite Moody&#8217;s US Downgrade: Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Why It Matters: The $200 billion stablecoin market currently exists in a regulatory gray area, with stakeholders arguing that a federal framework is essential for <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45322570/treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill?utm_source=chatgpt.com">U.S. competitiveness in financial innovation</a>.
The legislation has become increasingly politicized due to President Donald Trump&#8216;s cryptocurrency ventures, including World Liberty Financial&#8217;s planned stablecoin. Sen. Elizabeth Warren (D-Mass.) has criticized the bill for potentially enabling political corruption, highlighting <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45322570/treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill?utm_source=chatgpt.com">concerns about elected officials&#8217; involvement</a> in stablecoin businesses.
Coinbase executives have emphasized <a href="https://www.benzinga.com/markets/25/05/45335415/coinbase-legal-chief-slams-congressional-standoff-on-crypto-bills-start-debating-and-stop-politickin?utm_source=chatgpt.com">the urgency of moving forward</a>. &#8220;The Senate should start debating and stop politicking &#8211; immediately,&#8221; said Coinbase Chief Legal Officer Paul Grewal, warning that &#8220;American voters will remember if this unique opportunity to act is wasted.&#8221;
Image Via Shutterstock 
Read Next:
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Regulations

Coinbase CEO Brian Armstrong Hails 'Huge Win' As GENIUS Act Advances With Bipartisan Senate Support

Editor&#8217;s Note: The story has been updated to include a reply from the Department of Justice
Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) confirmed Monday that the&nbsp;Department of Justice&nbsp;has launched an investigation into the recent cybersecurity breach at&nbsp;the cryptocurrency exchange.
What Happened: Coinbase&#8217;s Chief Legal Officer, Paul Grewal, acknowledged the DOJ&#8217;s involvement in the case via an X post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Uh, we told the authorities about the incident. We are not the subject of the investigation into the incident. Just sayin'— if facts matter <a href="https://t.co/Ck3CBZ7Alg">pic.twitter.com/Ck3CBZ7Alg</a>
&mdash; paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1924597676651557172?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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</figure>
&#8220;Uh, we told the authorities about the incident. We are not the subject of the investigation into the incident. Just sayin'— if facts matter,&#8221; Grewal said, emphasizing that the DOJ was not probing Coinbase but the criminal actors behind the breach. 
A DOJ spokesperson declined Benzinga&#8217;s request for comment See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45493191/shiba-inu-sinks-16-in-7-days-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Sinks 16% In 7 Days: What Is Going On?</a>
The cryptocurrency behemoth disclosed last week that it had received an email from an unidentified threat actor&nbsp;claiming to have information about&nbsp;certain customer accounts and internal documents. 
The attackers managed to steal&nbsp;some data, including names, addresses, and emails. However, they failed to gain&nbsp;access to login credentials or&nbsp;passwords. The company anticipated the cyberattack to cost between $180 million and $400 million.
Coinbase has refused to pay ransom, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45441997/coinbase-hit-by-data-breach-refuses-to-pay-20m-ransom">instead placing a $20 million bounty</a> for information leading to the attackers.
Price Action:&nbsp; Shares of Coinbase were up 0.29% in after-hours trading after closing 0.95% lower at $263.94 during Monday&#8217;s regular trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the stock has gained over 6%
As of this writing, the stock ranked sufficiently high on growth, a measure of a stock&#8217;s combined historical expansion in earnings and revenue across multiple periods.&nbsp;To view stocks with growth scores exceeding 90, head to&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="558" height="352" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20020305/Screenshot-2025-05-20-113247.png" alt="" class="wp-image-920671" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20020305/Screenshot-2025-05-20-113247.png 558w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20020305/Screenshot-2025-05-20-113247-300x189.png 300w" sizes="(max-width: 558px) 100vw, 558px" /></a></figure>
Photo Courtesy: Primakov on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45486943/arthur-hayes-forecasts-bitcoin-will-hit-200000-in-next-bull-run-anticipates-revival-of-for" target="_blank" rel="noreferrer noopener">Arthur Hayes Forecasts Bitcoin Will Hit $200,000 In Next Bull Run, Anticipates Revival Of Fortunes For This &#8216;Hated&#8217; Coin</a></li>
</ul>
Disclaimer:&nbsp;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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coinbase Says DOJ Probing Latest Attack On Its Platform, Clarifies It's Not The 'Subject' Of The Investigation (UPDATED)

<a href="https://www.bloomberg.com/news/articles/2025-05-19/coinbase-customer-data-theft-investigated-by-justice-department" title="https://www.bloomberg.com/news/articles/2025-05-19/coinbase-customer-data-theft-investigated-by-justice-department">https://www.bloomberg.com/news/articles/2025-05-19/coinbase-customer-data-theft-investigated-by-justice-department</a>

Legal

'Coinbase Customer Data Theft Investigated By Justice Department' - Bloomberg News

These large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock surged 56.32%  after Nvidia disclosed it added a stake in the company via a 13F filing equating to approximately 24.18 million shares. JP Morgan and Needham also raised their respective <a href="https://www.benzinga.com//node/45472274" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock escalated 44.26% after the company announced that it entered into a strategic partnership under a <a href="https://www.benzinga.com//node/45471297" target="_blank" rel="noreferrer noopener">memorandum of understanding</a> with DataVolt.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock jumped 33.68% after the company announced a partnership with Webull Pay to power crypto experiences. Additionally, Benchmark raised its price forecast <a href="https://www.benzinga.com//node/45471661" target="_blank" rel="noreferrer noopener">on the stock from $252 to $301</a>.</li>
<li>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) shares rose 33.41% after announcing a $12 billion acquisition of LS (Luminus Systems) <a href="https://www.benzinga.com//node/45388224" target="_blank" rel="noreferrer noopener">Power&#8217;s generation assets</a>.</li>
<li>Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) stock rose 27.19% amid overall market strength following softer-than-expected April inflation readings. Additionally, investors continue to weigh the progress of the U.S.-China trade and President Trump&#8217;s Middle East trip.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares increased 26.86% on reports indicating the House GOP budget will cut but not remove <a href="https://www.benzinga.com//node/45385748" target="_blank" rel="noreferrer noopener">wind and solar tax credits</a>.</li>
<li>Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) stock grew 25.52% after the company recently reported better-than-expected financial results and raised its FY25 sales guidance with its midpoint above estimates. The company, acting as a collaboration partner of Invenra, initiated the dose-escalation stage of the first-in-human Phase 1 clinical study of XB628. Citigroup raised its <a href="https://www.benzinga.com//node/45418036" target="_blank" rel="noreferrer noopener">price forecast from $45 to $56</a>.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock rose 24.67%. The company announced that NASA had chosen it to launch its Aspera mission and disclosed the return of its Pioneer spacecraft <a href="https://www.benzinga.com//node/45434506" target="_blank" rel="noreferrer noopener">to Varda Space Industries</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) has gained 24.42% in the last week. The stock has rallied since reporting strong first-quarter financial results on May 5. However, the company has a high short float and may be <a href="https://www.benzinga.com//node/45297555" target="_blank" rel="noreferrer noopener">facing a short squeeze</a>.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) shares escalated 21.71% after the company reported its first-quarter results, and analysts<a href="https://www.benzinga.com//node/45413809" target="_blank" rel="noreferrer noopener"> revised the price forecast</a>.</li>
<li>Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) stock gained 20.87% after the U.S. and China agreed to reduce most tariffs on each other&#8217;s goods temporarily. A reduction in tariffs could alleviate supply chain and macroeconomic uncertainty and help boost consumer sentiment.</li>
</ol>
Photo via Shutterstock

EXEL

FSLR

ONON

CoreWeave, Super Micro Computer And Coinbase Are Among Top 11 Large-Cap Gainers Last Week (May 12-May 16): Are The Others In Your Portfolio?

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45419064/coinbase-explodes-47-ahead-of-sp-500-debut-charts-flash-bullish-breakout">will be added to the S&amp;P 500 Index on May 19</a> in place of Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), which is being taken over by Capital One Financial. Following the news, Coinbase shares are up more than 27%.
Coinbase is the first digital-asset firm to be included in the S&amp;P 500, marking a major breakthrough toward the <a href="https://www.benzinga.com/crypto">cryptocurrency sector&#8217;s</a> inclusion in mainstream finance. For the investors, the action presents the ideal time to tap into <a href="https://www.benzinga.com/etfs">exposure by way of ETFs</a> that hold significant stakes in the crypto exchange.
ETFs Riding The Coinbase Rally
As Coinbase gains on its S&amp;P 500 listing, a number of ETFs with significant exposure to the company have also seen a surge. Here are some prominent ETFs making a move:
First Trust SkyBridge Crypto Industry &amp; Digital Economy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRPT#NYSE">CRPT</a>)
This fund focuses on companies that are leading the way in crypto and digital assets. The second-largest holding is Coinbase, at a 17.5% allocation. The expense ratio is 0.85%. The fund shot up more than 7% this week.
Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDIG#NASDAQ">FDIG</a>)
FDIG provides exposure to digital payment systems and crypto-related stocks. The leading position is held by Coinbase with a 12.5% portfolio share. It charges a 0.40% expense ratio. The fund gained more than 8% this week, riding on Coinbase&#8217;s climb.
YieldMax Crypto Industry &amp; Tech Portfolio Option Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LFGY#NYSE">LFGY</a>)
For yield-hungry investors, LFGY brings a twist. The fund applies a covered call approach to crypto- and tech-oriented stocks to create monthly income without sacrificing exposure to the space. It might be attractive for investors who want to catch the Coinbase wave without sacrificing yield. With a 0.99% expense ratio, this fund gained 2.5% this week.
What Coinbase&#8217;s Inclusion Signals
The inclusion in the S&amp;P 500 opens Coinbase up to a vast new investor base, namely, passive funds that track the benchmark index. As these funds rebalance to accommodate COIN, analysts project billions in capital inflows. Bernstein estimates <a href="https://in.benzinga.com/markets/cryptocurrency/25/05/45371362/coinbase-could-see-up-to-16b-net-inflows-after-sp-500-entry-bernstein">Coinbase could see as much as $16 billion in fresh investment</a>, much of it from passive index-tracking vehicles.
Furthermore, Coinbase is said to be <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45355405/coinbases-subscription-gains-deribit-acquisition-blockchain-revenue-strength-prompt-analyst-support">negotiating to buy Deribit</a>, a crypto derivatives exchange based in Dubai, for $2.9 billion. If agreed, the transaction would be the largest in crypto history and massively expand Coinbase&#8217;s presence in international crypto derivatives markets. Deribit is presently the global largest trading venue for Bitcoin options in terms of open interest and volume.
Outlook
Coinbase&#8217;s inclusion in the top S&amp;P 500 isn&#8217;t symbolic, it&#8217;s a game-changer for the mainstream visibility and institutional adoption of crypto-oriented companies. Investors who want to ride the trend have available to them ETFs with high Coinbase exposure, which are diversified and accessible.
As legacy finance warms to digital assets, Coinbase&#8217;s path could mark a new beginning—not only for crypto, but also for the ETF space centered around it.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45472683/vontobel-joins-the-active-etf-race-with-global-precision">Vontobel Launches First Active ETF, Bets On High-Quality Global Stocks</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

CRPT

FDIG

LFGY

ETFs With Major Coinbase Stakes Surge As COIN Prepares To Join S&P 500

The U.S. Securities and Exchange Commission is investigating whether Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), the largest U.S.-based cryptocurrency exchange, misrepresented its user numbers<a href="https://www.benzinga.com/trading-ideas/movers/25/05/45419064/coinbase-explodes-47-ahead-of-sp-500-debut-charts-flash-bullish-breakout"> in past disclosures. </a>
The Details: According to a Thursday<a href="https://www.nytimes.com/2025/05/15/technology/coinbase-sec-investigation.html"> report</a> from the New York Times, the SEC's probe centers on the crypto exchange's claim of having over 100 million "verified users," a figure prominently featured in its 2021 initial public offering documents and marketing materials.&nbsp;
According to Coinbase, the "verified users" number included anyone who confirmed an email address or phone number, which could result in the same individual being counted multiple times and potentially inflate the number of unique customers. The company stopped reporting its verified users metric in 2022.
Read Next: <a href="https://www.benzinga.com/general/health-care/25/05/45384935/trump-again-promises-lower-drug-prices-by-cutting-out-middlemen-like-unitedhealth-cvs-will-it-work-this-time?utm_source=articleShare">Trump Again Promises Lower Drug Prices By &#8216;Cutting Out Middlemen&#8217; Like UnitedHealth, CVS: Will It Work This Time?</a>
Coinbase has been in touch with the SEC over the past year and has hired the law firm Davis Polk &amp; Wardwell in connection with the investigation, according to people familiar with the matter. The sources also said the SEC has questioned former Coinbase employees about the issue.&nbsp;
The company's chief legal officer, Paul Grewal described the investigation as "a holdover from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public." 
"While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close," Grewal said in the statement, per the New York Times.
What Else: Coinbase on Thursday disclosed <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45441997/coinbase-hit-by-data-breach-refuses-to-pay-20m-ransom">a cyberattack</a> that included a $20 million ransom demand from the attackers who obtained internal documentation and personal user data, including names, contact details, masked bank and SSN data and government IDs.
Coinbase CEO Brian Armstrong addressed the incident publicly, <a href="https://x.com/brian_armstrong/status/1922967787309256807">saying</a>, &#8220;We are not going to pay your ransom… Instead, we&#8217;re putting out a $20 million award for any information leading to the arrest and conviction of these attackers.&#8221;
The stock is preparing to join the S&amp;P 500 index on Monday as the first pure-play crypto company included in the index.&nbsp;
COIN Price Action: Coinbase shares have gained more than 50% over the past month and were up 7.52% at $262.82 at the time of publication Friday. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/general/health-care/25/05/45305392/unitedhealth-investors-claim-company-hid-profit-impact-of-ceos-murder">UnitedHealth Investors Claim Company Hid Profit Impact Of CEO&#8217;s Murder</a></li>
</ul>
Photo: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

Government

Coinbase Under SEC Investigation For Overstatement Of User Numbers

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday.
Shares of Evolv Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) rose sharply during Friday's session after the <a href="https://www.benzinga.com/quote/EVLV">company announced preliminary first-quarter financial results.</a>
The company said it expects revenue growth of 40%+ in the first quarter.
Evolv Technologies shares jumped 21% to $5.08 on Friday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) jumped 33.7% to $12.34 after the company reported better-than-expected quarterly EPS results.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) gained 30.2% to $1.64. NWTN announced the appointment of Mr. Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer.</li>
<li>ACADIA Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACAD#NASDAQ">ACAD</a>) rose 29% to $22.70 after a court decision ruled in favor of the company regarding patent infringement claims over Nuplazid.</li>
<li>Advantage Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADV#NASDAQ">ADV</a>) gained 24.7% to $1.3596.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) gained 18.5% to $77.95 after Nvidia disclosed it added a stake in the company via a 13F filing equating to approximately 24.18 million shares. Additionally, JP Morgan and Needham raised their respective price targets on the stock.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) gained 18.5% to $6.64.</li>
<li>Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) rose 14.4% to $36.36.</li>
<li>Archer Aviation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NASDAQ">ACHR</a>) surged 10.3% to $13.45.</li>
<li>Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) rose 7.5% to $15.59. Vipshop will announce first quarter 2025 financial results on May 20.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) gained 7% to $430.00.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 6.8% to $261.17 after the company announced a partnership with Webull Pay to power crypto experiences. Additionally, Benchmark raised its price target on the stock from $252 to $301.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) gained 5% to $51.35.</li>
</ul>
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Photo via Shutterstock

Intraday Update

ACAD

ACHR

EVLV

HALO

NWTN

QUBT

SMLR

VIPS

Evolv Technologies, Quantum Computing, ACADIA Pharmaceuticals And Other Big Stocks Moving Higher On Friday

Coinbase Global shares are trading higher after the company announced a partnership with Webull Pay to power crypto experiences. Additionally, Benchmark raised its price target on the stock from $252 to $301.

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 1.46% to reach $104,008.46, which took its weekly gains to 0.96%, <a href="https://www.benzinga.com/money/how-to-buy-bitcoin-btc-best-bonuses-august-2024">and monthly to 24.58%</a>. The rise follows JP Morgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) analysts' prediction that Bitcoin could outperform gold this year, and growing support of corporate investment towards Bitcoin bull run.
According to Decrypt, the investment banking giant stated that maturing market infrastructure and increasing institutional adoption are the key factors driving Bitcoin&#8217;s strength over gold.
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JP Morgan explained that crypto-specific catalysts like corporate treasury flows, shifting regulation, and better derivatives infrastructure are helping Bitcoin. Recent decisions by major crypto exchanges, including Coinbase Global Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) takeover of Deribit, Kraken&#8217;s takeover of NinjaTrader, and Gemini&#8217;s new EU derivatives license, are signs of a regulated and investor-friendly industry.
While Bitcoin is performing well, gold has been on a downward trend, as investors resort to the former as a store of value in times of economic uncertainty and inflation.
JP Morgan&#8217;s Nikolaos Panigirtzoglou said that compared to gold, Bitcoin has more upside potential in the second half of 2025. Since more ETF inflows are going towards Bitcoin, risk appetite has returned.
Méliuz, a publicly traded fintech company in Brazil, recently became the country&#8217;s first &#8220;Bitcoin Treasury Company&#8221; by paying $28.4 million for 274.52 BTC. The firm now holds over 320 BTC and has seen its stock price increase 116% since the initial purchase of Bitcoin earlier this year.&nbsp;
New York&#8217;s DayDayCook bought 100 BTC as part of its strategy to accumulate 5,000 BTC in three years. The rising confidence among global businesses places Bitcoin as a legitimate store of value and corporate reserve.
A new SEC filing reported that the Wisconsin State Investment Board sold its full $300 million stake in BlackRock&#8217;s Bitcoin ETF in Q1, just before the U.S. initiated broad tariffs against China and other trading partners. The news, which was described as &#8220;Liberation Day,&#8221; triggered short-term volatility, sending Bitcoin temporarily below $75,000 last month. But Bitcoin has since regained its price as trade tensions relaxed and tariff policies eased in May.
Institutional opinion toward Bitcoin is still strong in spite of uncertainties and selloffs. JP Morgan&#8217;s predictions validate the argument that Bitcoin is increasingly a risk-on asset with high growth potential.
Bitcoin&#8217;s performance and institutional acceptance indicate that digital assets are no longer a second thought but a core component of modern investment portfolios. Whether as a hedge, growth asset, or balance sheet reserve, Bitcoin is moving steadily into the space once dominated by gold.
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<li>Trade, earn, and grow your crypto portfolio with Crypto.com — <a href="https://www.benzinga.com/go/crypto-com-signup-bonus">plus receive up to $500 worth of rewards in the most popular tokens if you're a new customer</a>.</li>
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Image: Shutterstock

Bitcoin Up 1.46% as JP Morgan Predicts It Will Outperform Gold, Public Companies Add Digital Assets

Benchmark analyst Mark Palmer maintains Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Buy and raises the price target from $252 to $301.

Price Target

Benchmark Maintains Buy on Coinbase Global, Raises Price Target to $301

<a href="https://www.coinbase.com/blog/coinbase-partners-with-webull-pay-to-power-crypto-experience" title="https://www.coinbase.com/blog/coinbase-partners-with-webull-pay-to-power-crypto-experience">https://www.coinbase.com/blog/coinbase-partners-with-webull-pay-to-power-crypto-experience</a>

BULL

Coinbase Partners with Webull Pay to Power Crypto Experience

U.S. stocks experienced mixed trading on Thursday, the Dow Jones Industrial Average rose 0.65% to 42,322.75, while the S&amp;P 500 gained 0.41% to 5,916.93. The tech-heavy Nasdaq declined nearly 0.2% to 19,112.32. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Applied Materials Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)
Applied Materials closed at $174.75, up 0.35% for the day, with an intraday high of $176.38 and a low of $171.20. The stock&#8217;s 52-week range is between $123.74 and $255.89. The company reported its <a href="https://www.benzinga.com/news/earnings/25/05/45453681/applied-materials-q2-earnings-revenue-miss-eps-beat-solid-guidance-no-significant-changes-to-customer-demand">second-quarter financial results</a>, revealing revenue of $7.1 billion, slightly below analyst expectations of $7.13 billion. However, earnings per share surpassed estimates at $2.39, compared to the anticipated $2.31. The chip equipment manufacturer maintained solid guidance, indicating no significant changes in customer demand. The stock slipped nearly 6% in after-hours trading to $164.85.
CAVA Group Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>)
CAVA Group&#8217;s stock fell by 0.48%, closing at $99.06, with a high of $100.94 and a low of $98.31 during the day. The 52-week range for the stock is $70 to $172.43. The Mediterranean fast-casual restaurant chain reported a 28.2% increase in first-quarter revenue, reaching $331.83 million, surpassing the consensus estimate of $326.88 million. The company also reported adjusted earnings of 22 cents per share, exceeding analyst predictions of 14 cents. CAVA Group has <a href="https://www.benzinga.com/general/restaurants/25/05/45453995/cava-group-reports-q1-earnings-revenue-jumps-28-company-bumps-up-new-restaurant-openings-guidance">increased its guidance</a> for new restaurant openings. However, the stock took a beating in the after-hours trading and declined 4% to $95.
See Also:&nbsp;<a href="https://benzinga.com/25/05/45433051/jim-cramer-says-gulf-countries-will-become-the-largest-hyperscalers-in-the-world-following-ai-deals" target="_blank" rel="noreferrer noopener">Jim Cramer Says Gulf Countries Will Become &#8216;Largest Hyperscalers In The World&#8217; After Nvidia&#8217;s 18,000 Blackwell Chip Deal</a>
Coinbase Global Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)
Coinbase shares dropped by 7.20%, closing at $244.44, with an intraday high of $257.85 and a low of $240. The stock&#8217;s 52-week range is $142.58 to $349.75. The company faced a significant cybersecurity incident involving insider abuse and data theft, resulting in a $20 million Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ransom demand. Coinbase has <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45441997/coinbase-hit-by-data-breach-refuses-to-pay-20m-ransom">refused to pay the ransom</a> and has instead offered a $20 million bounty for information leading to the arrest of the perpetrators. The incident has impacted investor sentiment.
Quantum Computing Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)
Quantum Computing&#8217;s stock rose by 3.47%, closing at $9.24, with a high of $9.29 and a low of $8.74. The 52-week range for the stock is $0.35 to $27.15. The company reported its first-quarter financial results, with revenue of $39,000, missing analyst estimates of $100,000. However, earnings per share were 11 cents, beating expectations of a seven-cent loss. The&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45456393/quantum-computing-inc-reports-q1-earnings-shares-move-higher-after-hours">positive earnings surprise</a>&nbsp;contributed to the stock&#8217;s upward movement.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms saw a decline of 2.35%, closing at $643.88, with an intraday high of $657.31 and a low of $638.58. The stock&#8217;s 52-week range is $442.65 to $740.91. The company&#8217;s shares fell following a report from the Wall Street Journal about delays in the <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45453142/meta-platforms-stock-dips-on-ai-rollout-delay-amid-internal-turmoil-report">release of its next-generation AI model</a>, codenamed Behemoth. Initially expected in April, the model&#8217;s release has been postponed to fall or later.
Benzinga Edge Stock Rankings indicate Coinbase has a Momentum in the 70th percentile and Growth in the 79th percentile. How do other cryptocurrency-related stocks fare? Find out by <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">clicking here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="444" height="282" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15215141/Screenshot-2025-05-16-at-10.51.09.png" alt="" class="wp-image-917345" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15215141/Screenshot-2025-05-16-at-10.51.09.png 444w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15215141/Screenshot-2025-05-16-at-10.51.09-300x191.png 300w" sizes="(max-width: 444px) 100vw, 444px" /></a></figure>
Photo Courtesy: Phongphan On Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/%E2%80%9CPremarket">with top premarket movers and news</a>&nbsp;by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AMAT

CAVA

Applied Materials, Cava Group, Coinbase, Quantum Computing, And Meta Platforms: Why These 5 Stocks Are On Investors' Radars Today

Coinbase Invests in Canadian Stablecoin Issuer Stablecorp

Crypto Exchange Coinbase To Pay Customers $400 Million For Data Breach

Press Releases

Securities Fraud Investigation Into Coinbase Global, Inc. (COIN) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Coinbase Global, Inc. (COIN) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

Securities Fraud Investigation Into Coinbase Global, Inc. (COIN) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Coinbase Global, Inc.- COIN

Riot Platforms Announces Upsizing of Credit Facility to $200 million with Coinbase

Coinbase Global, Inc. (COIN) Shares Slide Amid Disclosure of Material Cybersecurity Incident – Hagens Berman

AGM Group Holdings Inc. - Class A Ordinary Shares

AGM Group Holdings

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Bakkt Holdings, Inc. Class A Common Stock

Bakkt Hldgs

CME Group

Coincheck Group

Donnelley Financial Solutions, Inc. Common Stock

Donnelley Financial Solns

FactSet Research Systems Inc. Common Stock

FactSet Research Systems

Intercontinental Exchange Inc. Common Stock

Intercontinental Exchange

Open Lending

Moodys

Marketwise

MarketAxess Holdings, Inc. - Common Stock

MarketAxess Holdings

Morningstar

MSCI

Nasdaq

Powell Max Limited - Class A Ordinary Shares

Powell Max

S&P Global

Tradeweb Markets Inc. - Class A Common Stock

Tradeweb Markets

Value Line

Benchmark

Goldman Sachs

Rosenblatt

Oppenheimer

Barclays

Screenshot 2025-03-24 at 5.42.31 PM

BTCS Reports Record Revenue Growth For 2024 Driven By Focus On Ethereum Block Building

Screenshot 2025-03-19 at 5.21.00 PM

$BNB

Binance commands a stage presence in the blockchain sphere thanks to its status as the world&#39;s largest cryptocurrency exchange.

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
09:54 AMMay 16, 2025	CALL	$340.00	Nov 21, 2025	181	2	456	5	41	SWEEP	BULLISH
09:51 AMMay 16, 2025	CALL	$257.50	May 23, 2025	-1	1259	793	384	328	SWEEP	NEUTRAL

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