Coinbase Global
Coverage of Coinbase Global in the Nexus archive.
- Global stocks stage a rally as American markets take the day off
Global stocks rose in Europe and Asia as the Dow Jones set a record, with Samsung Electronics and SK Hynix surging in South Korea. U.S. markets closed for Independence Day, but futures and crypto stocks gained amid weaker-than-expected job growth data and lower inflation expectations.
- Asian shares rally after Dow hits a record, as some AI shares bounce back
Asian shares rose following the Dow's record high, with mixed performance in AI-related stocks. South Korea's Kospi and Hong Kong's Hang Seng gained, while U.S. job data and oil prices influenced market sentiment. Crypto stocks rose as Bitcoin rebounded.
- Most U.S. stocks climb toward the finish of a strong week, but drops for tech keep indexes mixed
Most U.S. stocks rose as weaker-than-expected job market data eased pressure on the Federal Reserve to hike interest rates, though tech stocks dragged down major indexes. Treasury yields fell after the U.S. government reported 57,000 jobs added in June, below economists' expectations, potentially delaying rate hikes. National Beverage and Dollar Tree saw significant gains due to special dividends and stock buybacks.
- Most U.S. stocks climb toward the finish of a winning week, but drops for tech keep indexes mixed
Most U.S. stocks rose as job market data eased concerns about Federal Reserve rate hikes, but tech stocks dragged down the Nasdaq. Treasury yields fell after a weaker-than-expected jobs report, boosting Bitcoin and crypto-related stocks like Robinhood and Coinbase. National Beverage's special dividend also drove its stock up 13.2%.
- Bitcoin Stocks, Led By Strategy (MSTR), Take a Beating as BTC Price Sells Off
Bitcoin's price dropped below $67,000 for the first time since early April, causing a decline in crypto-linked stocks like Strategy (MSTR), Coinbase Global (COIN), and Strive, Inc. (ASST). Strategy sold 32 Bitcoin in a SEC filing, marking its first net reduction in holdings since December 2022, while Mt. Gox moved 10,422 BTC worth $739 million. Geopolitical tensions between Iran and the U.S. further suppressed market sentiment.
- Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH
Bit Digital purchased $20M worth of Ethereum, expanding its treasury to 158K ETH. The purchase made the Nasdaq-listed company the fourth-largest public corporate holder of Ether, surpassing Coinbase Global according to CoinGecko data.