Ethereum (CRYPTO: ETH) is trading at $2,654.33, having increased by 0.77% over the past 24 hours. The token grew 1.95% over the week, and has surged 48.44% over the month.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 6.6% in the afternoon session after stocks tied to digital assets surged as Bitcoin, the world's largest cryptocurrency by market cap, reached a new all-time high, edging past the $110,000 mark.
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.
Bitcoin mining company Riot Platforms, Inc. announced increased credit facility of $200 million with Coinbase Credit to optimize capital usage and support long-term value creation.
This marks a turnaround from the May 8 vote, when Senate Democrats blocked the measure over concerns about consumer safeguards and national security implications.
Coinbase Global Inc. 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.
Coinbase Global Inc. confirmed Monday, May 19, that the Department of Justice has launched an investigation into the recent cybersecurity breach at the cryptocurrency exchange.
Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
Large-cap stocks surged in the last week. CoreWeave, Super Micro, Coinbase, NRG Energy, Astera Labs, First Solar, Exelixis, Rocket Lab, Hims & Hers, On Holding and Gap were the top performers.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 9.3% in the afternoon session after the company clarified that the SEC's inquiry was related to a discontinued user-metric last reported more than two and a half years ago.
