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Coinbase Global, Inc. (1QZ.DE)

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244.35

+2.45

+(1.01%)

At close: February 21 at 5:35:53 PM GMT+1

Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party

(Bloomberg) -- The crypto industry started its Friday in a jubilant mood, with Coinbase Global Inc.’s announcement that US securities regulators were poised to dismiss a legal case against the nation’s largest digital-asset exchange.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorr

Bloomberg 2 days ago

COIN
SEC commissioner Hester Peirce promises 'more clarity' for crypto industry

SEC commissioner Hester Peirce told Yahoo Finance that she now hopes to provide "greater clarity" for a crypto industry that long argued Washington, D.C., treated it unfairly and inconsistently.

Yahoo Finance 2 days ago

COIN
SEC dropping Coinbase lawsuit is 'monumental' for crypto

Coinbase (COIN) CEO Brian Armstrong announced that the US Securities and Exchange Commission (SEC) intends to drop its lawsuit against the cryptocurrency exchange on Friday. Bitwise senior crypto research analyst Ryan Rasmussen joins Asking for a Trend with Julie Hyman to discuss what the SEC dropping the case against Coinbase means for the crypto space and what it signals about the US President Donald Trump's second administration's approach to crypto regulation. Bitwise operates several of its own bitcoin (BITB, BITC, BTOP) and crypto (BITQ, BITW) ETFs. "It's a really monumental moment for the industry that the SEC has dropped its years-long tirade against Coinbase," Rasmussen says, explaining, "I think it's a huge signal to the market that the actual regulatory pivot that we've been hearing is going to happen, that it's actually happening in Washington already." The analyst tells Yahoo Finance he's "very excited" as "we enter this next phase of growth, of mainstream adoption, and playing by the rules" for crypto. He adds that "part of that growth will be leaving [meme coins] in the past, and I think we're on the path to do that, but it won't be, necessarily, a smooth ride there." Catch Yahoo Finance's full interview with SEC Commissioner Hester Peirce here. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 days ago

BITB

BTOP

BITW
SEC ’s Coinbase Move Signals Regulatory Vacuum for Crypto

The SEC’s expected abandonment of its lawsuit against Coinbase signals the start of a regulatory vacuum for the crypto industry. Plus, this week’s news in tech.

PREMIUM
The Information 2 days ago

COIN

AAPL
Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit — and beat it

Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again. The move, which is still subject to the approval of the SEC’s Commissioners, is yet another signal that the Trump administration plans to be more friendly to crypto than the SEC was under former leader Gary Gensler. The SEC’s lawsuit, filed in 2023, alleged that crypto assets were securities and that Coinbase was operating as “an unregistered national securities ex

TechCrunch 2 days ago

COIN
Coinbase says SEC will drop case that ‘could have killed the crypto industry in America’

Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications for the crypto industry. It comes as the new Trump administration has promised to deregulate digital currencies like bitcoin.

CNN Business 2 days ago

COIN
Coinbase Claims Victory Over The SEC. Bitcoin Down After Hack.

Coinbase announced the SEC agreed to drop its case against the crypto exchange. Bitcoin falls on $1.4 billion Bybit hack.

Investor's Business Daily 2 days ago

COIN
SEC Commissioner Peirce wants there to be 'greater clarity' on crypto

On Friday, Coinbase Global (COIN) CEO Brian Armstrong announced that the US Securities and Exchange Commission (SEC) intends to drop its lawsuit against the cryptocurrency exchange. Under the second Trump administration, the government agency is likely to construct more crypto-friendly regulatory frameworks. SEC Commissioner Hester Peirce sits down with Yahoo Finance senior reporter Jennifer Schonberger for an extensive conversation about her agency's stance on regulating digital assets like bitcoin (BTC-USD). "What I'm hoping that we can get to is a place where we have greater clarity around how we're thinking about things... in a legal framework that is workable, that is consistent with the statute, but also enables people to figure out what... something is categorized as without hiring lots of lawyers and... having the fear of litigation hanging over them." Commissioner Peirce weighs in on the necessary registration for launching crypto products and shifts from the Biden administration's policies. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

COIN

BTC-USD

ETH-USD
The Dow plunges 750 points as bad economic news piles up fast

U.S. stocks plummeted on Friday on poor economic news. Consumer confidence weakened to the lowest level since November 2023, even as long-run inflation expectations rose to the highest since 1995. The services purchasing managers’ index fell into contractionary territory and January home sales contracted by more than expected.

Quartz 2 days ago

UNH

^DJI

COIN
Top Funds Scoop Up These 5 Fintech Stocks. Now This Happens.

Top funds show an affinity for fintech stocks, including Coinbase, Sezzle, Fiserv and Corpay as the S&P 500 member gets tested.

Investor's Business Daily 2 days ago

COIN

FI

CPAY
Sector Update: Financial Stocks Fall Late Afternoon

Financial stocks dropped in late Friday afternoon trading, with the NYSE Financial Index falling 1.2

PREMIUM
MT Newswires 2 days ago

COIN
Plunging U.S. Stocks Help Add to Crypto's Bad Day

The week's uptrend was quickly upended by the hack at crypto exchange Bybit.

CoinDesk 2 days ago

^GSPC

COIN
U.S. Marshals Service Can't Say How Much Crypto It Holds, Complicating Bitcoin Reserve Plan

The agency has been plagued with procedural and organizational issues for years.

CoinDesk 2 days ago

COIN
‘Hugely vindicating’: SEC to dismiss lawsuit against Coinbase

Coinbase CEO claims that if firms had yielded to the SEC’s demands under Gary Gensler, it would have “killed the crypto industry.”

TheStreet 2 days ago

COIN
Coinbase Says SEC Is Close to Dismissing Enforcement Case

(Bloomberg) -- Coinbase Global Inc. said the Securities and Exchange Commission has agreed to drop its lawsuit that accused the largest US cryptocurrency trading platform of running an illegal exchange. The agreement is pending commissioner approval. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Trump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for L

Bloomberg 2 days ago

COIN
Coinbase Stock (COIN) Rises as SEC Dismisses Lawsuit; Time to Buy?

The dismissal underscores the Trump administration's nod to a promising crypto environment.

Zacks 2 days ago

COIN
UnitedHealth, Coinbase, Celsius: Market Minute

In today's Market Minute, host Madison Mills highlights the key trending stocks on Wall Street. UnitedHealth (UNH) shares are sinking following a Wall Street Journal report that the Department of Justice is investigating the company's Medicare Advantage billing practices for alleged fraud. UnitedHealth has firmly denied these allegations. Coinbase (COIN) stock is higher after the Securities and Exchange Commission (SEC) dropped its lawsuit against the cryptocurrency exchange, ending a legal battle that began in 2023. Finally, Celsius (CELH) shares have been exploding since the energy drink manufacturer announced its acquisition of competitor Alani Nu. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. This post was written by Angel Smith

Yahoo Finance Video 2 days ago

CELH

COIN

UNH
Coinbase Says SEC Intends to Drop Lawsuit Against Crypto Exchange

Regulators have agreed to drop a lawsuit against Coinbase that sought to regulate the company as a stock exchange, marking the end of years of hard-line enforcement against the crypto market. Coinbase said Friday that enforcers at the Securities and Exchange Commission would recommend dismissal of the two-year-old lawsuit, a crucial plank of the agency’s strategy to bring crypto under investor-protection rules. The crypto exchange had fought the suit, which was filed during the Biden administration, arguing the law didn’t support equating crypto assets with securities.

The Wall Street Journal 2 days ago

COIN
Analyst breaks down weakness in Coinbase stock

Investing.com -- Coinbase shares have lost roughly 13% value since it reported fourth-quarter results, though the earnings were strong, Mizuho attributed increased competition in USDC stablecoin distribution part of the weakness, following Binance’s new partnership with Circle.

Investing.com 2 days ago

COIN
Coinbase Stock Falls. The SEC Is Giving Up Its Case Against the Crypto Exchange.

Coinbase says enforcers at the SEC will recommend dismissal of a two-year-old lawsuit that sought to regulate the company as a stock exchange.

Barrons.com 2 days ago

COIN

Performance Overview

Return	1QZ.DE	S&P 500
YTD	-5.03%	+2.24%
1-Year	+58.96%	+20.70%
3-Year	+50.83%	+38.27%

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Coinbase Global, Inc. (1QZ.DE)

Bybit Hack, Crypto’s Biggest Ever, Spoils Coinbase’s SEC Victory Party

SEC commissioner Hester Peirce promises 'more clarity' for crypto industry

SEC dropping Coinbase lawsuit is 'monumental' for crypto

SEC ’s Coinbase Move Signals Regulatory Vacuum for Crypto

Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit — and beat it

Coinbase says SEC will drop case that ‘could have killed the crypto industry in America’

Coinbase Claims Victory Over The SEC. Bitcoin Down After Hack.

SEC Commissioner Peirce wants there to be 'greater clarity' on crypto

The Dow plunges 750 points as bad economic news piles up fast

Top Funds Scoop Up These 5 Fintech Stocks. Now This Happens.

Sector Update: Financial Stocks Fall Late Afternoon

Plunging U.S. Stocks Help Add to Crypto's Bad Day

U.S. Marshals Service Can't Say How Much Crypto It Holds, Complicating Bitcoin Reserve Plan

‘Hugely vindicating’: SEC to dismiss lawsuit against Coinbase

Coinbase Says SEC Is Close to Dismissing Enforcement Case

Coinbase Stock (COIN) Rises as SEC Dismisses Lawsuit; Time to Buy?

UnitedHealth, Coinbase, Celsius: Market Minute

Coinbase Says SEC Intends to Drop Lawsuit Against Crypto Exchange

Analyst breaks down weakness in Coinbase stock

Coinbase Stock Falls. The SEC Is Giving Up Its Case Against the Crypto Exchange.

Performance Overview