Últimas noticias sobre Coinbase Glb (NASDAQ:COIN) Bolsa

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.

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COIN

La Comisión de Bolsa y Valores de Estados Unidos (SEC) ha modificado su denuncia contra el intercambio de criptomonedas Binance. la SEC eliminó la frase “valores de criptoactivos” en su acusación.

SEC ajusta acusación contra Binance y elimina término clave

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Coinbase Global Inc. (NASDAQ:COIN), el intercambio de criptomonedas más grande de Estados Unidos, anunció el jueves el lanzamiento de su nuevo token envuelto de Bitcoin (CRYPTO: BTC), llamado cbBTC&lt;

Coinbase introduce cbBTC: el futuro de Bitcoin en la red Ethereum

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El miércoles, Cathie Wood, a la cabeza de Ark Invest, realizó algunas operaciones significativas, siendo las más destacadas las de Coinbase Global Inc (NASDAQ:COIN) y Palantir Technologies Inc (NYSE:

Movimientos clave de Cathie Wood: ¿qué hay detrás de las últimas operaciones de Ark Invest?

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Financial giants have made a conspicuous bearish move on Coinbase Glb. Our analysis of options history for Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) revealed 37 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $267,254, and 31 were calls, valued at $2,663,509.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.5 to $500.0 for Coinbase Glb during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coinbase Glb's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coinbase Glb's significant trades, within a strike price range of $2.5 to $500.0, over the past month.
<h3>Coinbase Glb Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727708441_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$22.0</td>
<td>$21.6</td>
<td>$21.6</td>
<td>$400.00</td>
<td>$520.5K</td>
<td>1.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$5.25</td>
<td>$5.05</td>
<td>$5.05</td>
<td>$200.00</td>
<td>$251.9K</td>
<td>6.6K</td>
<td>2.9K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$5.0</td>
<td>$4.75</td>
<td>$4.8</td>
<td>$250.00</td>
<td>$241.7K</td>
<td>5.0K</td>
<td>537</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$21.6</td>
<td>$21.35</td>
<td>$21.35</td>
<td>$400.00</td>
<td>$213.5K</td>
<td>1.4K</td>
<td>0</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$29.7</td>
<td>$29.5</td>
<td>$29.7</td>
<td>$260.00</td>
<td>$148.5K</td>
<td>114</td>
<td>100</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.
After a thorough review of the options trading surrounding Coinbase Glb, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Coinbase Glb</h3>
<ul>
<li>Currently trading with a volume of 4,722,980, the COIN's price is down by -4.96%, now at $181.74. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 31 days.</li>
</ul>
<h3>What Analysts Are Saying About Coinbase Glb</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $169.0.
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; In a positive move, an analyst from Barclays has upgraded their rating to Equal-Weight and adjusted the price target to $169. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Coinbase Glb, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Check Out What Whales Are Doing With COIN

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Shares of crypto-linked stocks are trading lower amid a pullback in Bitcoin.

U.S. stocks appear on track to start the new week on the back foot, with index futures modestly lower early Monday. As the S&amp;P 500 trades slightly shy of its record high, traders may show reluctance to add to their positions, especially ahead of the week&#8217;s labor market data. Regional manufacturing activity data and speeches by Federal Reserve officials, including one from Chair<a href="https://www.benzinga.com/news/24/09/41085958/fed-chair-jerome-powell-set-to-speak-as-economists-raise-concerns-over-risks-arising-from-potential"> Jerome Powell</a>, could also have a bearing on the trading direction.
Sentiment may be marred by the looming strike by the International Longshoremen&#8217;s Association that is expected to stall activity in ports from New England to Texas, potentially crippling supply chains. In a note to clients, fund manager Louis Navellier said, &#8220;Even a two-week Longshoreman strike would disrupt holiday sales and supply chains for drugs and other essential products.&#8221;
<figure class="wp-block-table is-style-stripes"> 
<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>-0.05%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.53%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.03% to $571.29 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.04% to $486.55, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks rose for a third straight week as traders bet on the continuation of the rally into the fourth quarter as the Fed delivers on its promise. The Chinese efforts to stimulate the economy set in motion buying in China-exposed stocks, while positive reaction to Micron Technology, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings boosted the tech space.
The Dow Industrials finished the week at fresh intraday and closing highs, while the S&amp;P 500 settled just shy of its all-time highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Weekly Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.95%</td>
<td>18,119.59</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.63%</td>
<td>5,738.17</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.59%</td>
<td>42,313.00</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.14%</td>
<td>2,224.70</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The solid September gains bring both good and bad news for the market, according to Carson Group Chief Investment Strategist Ryan Detrick. The S&amp;P 500 Index is close to clocking gains of 20% year-to-date heading into October for the first time since 1997, the strategist said. When this had happened in the past, the index was down seven of the nine times. Despite the October weakness, the fourth quarter returned 4.1% on average in these years, he added.
<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">S&amp;P 500 with a shot at being up 20% YTD heading into October for the first time since 1997. That&#39;s the good news. The bad news? Oct lower 7 of 9 times that&#39;s happened. Still, Q4 with a solid median return of 4.1% when all is said and done says don&#39;t lose faith now. <a href="https://t.co/rkD3uXVGGo">pic.twitter.com/rkD3uXVGGo</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1840412404498272554?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Tech bull Daniel Ives is very optimistic about the tech stocks continuing to shine. &#8220;We believe the stage is set for tech stocks to move 10%+ higher into year-end and another 20% in 2025 with this tech bull market just hitting its next phase led by the AI Revolution,&#8221; he said. The overall AI infrastructure market opportunity could grow ten times from presently through 2027, he said.</figcaption></figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures </a>
Upcoming Economic Data:
A quartet of employment reports, including the non-farm payrolls data for September, ADP private payrolls data, the August Job Openings and Labor Turnover survey data and the weekly jobless claims, are among the key data releases for the week. Traders may also focus on a few private sector activity reports scheduled for the week.
<ul>
<li>On Monday Federal Reserve Governor Michelle Bowman is scheduled to speak at 8:50 a.m. EDT.</li>
<li>ISM-Chicago is due to release the results of its regional manufacturing survey at 9:45 a.m. EDT. The Chicago business barometer is expected to show a reading of 45.3 for September, down from 46.1 in August, suggesting a faster rate of contraction.</li>
<li>The Treasury will auction three- and six-month bills at 11:30 a.m. EDT.</li>
<li>Powell will address the National Association for Business Economics,&nbsp;in Nashville, Tennessee, at 1:55 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Carnival Corporation &amp; plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) is scheduled to <a href="https://www.benzinga.com/calendars/earnings">announce its quarterly results ahead of the market opening.</a></li>
<li>Crypto-linked stocks pulled amid the softness seen in digital currencies. MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell over 5.70% and 4.40%, respectively, <a href="https://www.benzinga.com/premarket">in premarket trading</a>.</li>
<li>Chinese EV startup Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) climbed over 13% after the company announced additional financing from strategic investors. The shares also reacted to the optimism regarding China&#8217;s stimulus measures. Peers XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose over 8.40% and 7.50%, respectively.</li>
<li>Other U.S.-listed Chinese stocks such as Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) also rallied.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell modestly and traded under $68, while gold futures, though trading off the record highs, are modestly higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped over 3% over the past 24 hours and traded around $63.6K. The yield on the 10-year Treasury edged up slightly to 3.779%.
The major Asian markets closed on a mixed note, with the Japanese market plunging 4.80% as 67-year-old&nbsp;Shigeru Ishiba is all set to take over as prime minister after he was elected to lead the Liberal Democratic Party. <a href="https://www.benzinga.com/markets/asia/24/09/41084907/japans-nikkei-plummets-over-2-000-points-amid-change-of-guard-while-chinese-market-extends-stimulus">Uncertainty over his fiscal and monetary policies led to the unraveling of bets,</a> reports said. The Indian, South Korean, Taiwanese, Indonesian and New Zealand markets also advanced.
On the other hand, China&#8217;s key market gauge rallied over 8% after domestic private sector activity data came in weaker than expected, raising hopes of additional stimulus measures. The Hong Kong market also rallied strongly, while the Australian and Singaporean markets rose, although by a much more modest magnitude.
Sentiment across the Atlantic is negative, with most major markets in Europe trading firmly in the red in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41086120/us-market-soars-after-fed-rate-cut-but-chartist-warns-of-potential-stock-plunge-citing-this-clas">US Market Soars After Fed Rate Cut, But Chartist Warns Of Potential Stock Plunge Citing This Classic Sell Signal</a></li>
</ul>
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US Stocks Set For Flattish Start As Traders Eye Job Data, Jerome Powell Speech And Looming Dock Workers' Strike: Top Analyst Says 'Stage Is Set' For Tech Stocks To Move Higher

BITF

Shares of crypto-related stocks are trading higher amid strength in Bitcoin, which has gained amid upbeat market sentiment, net inflows to Bitcoin spot ETFs and the Fed's recent rate cut.

Vice President Kamala Harris is steering the Democratic Party toward <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in">a more &#8220;pragmatic&#8221; approach</a> to cryptocurrency, highlighting a potential shift in the party&#8217;s stance on digital assets.
What Happened: Her nuanced position marks a departure from the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40981866/uniswap-ceo-admits-biden-has-been-bad-for-crypto-but-kamala-harris-comments-are-encouragin">Biden administration's hardline regulatory approach</a>, which has left the crypto industry on edge, according to a Politico <a href="https://www.politico.com/news/2024/09/26/harriss-crypto-pitch-dems-election-00181254">report</a>.
While Harris&#8217;s messaging signals a friendlier posture toward crypto, it's crafted to keep both skeptics and supporters within the party at bay.
Harris's balancing act comes amid ongoing disputes among key Democratic figures over the value of the crypto industry. 
While some, including Senate Majority Leader Chuck Schumer (D-NY), view digital assets as <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40385566/mark-cuban-gets-an-assurance-out-of-chuck-schumer-will-pass-sensible-and-long-lasting-cryp">a valuable innovation</a>, others like Senator Elizabeth Warren (D-Mass.) and Rep. Brad Sherman (D-CA) remain cautious, focusing on the risks of financial crimes and consumer protection.
In navigating this political terrain, Harris has <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41037763/kamala-harris-strengthens-crypto-stance-the-us-will-remain-dominant-in-ai-and-quantum-comp">vowed to &#8220;encourage&#8221;</a> the growth of digital assets while upholding safeguards for consumers and investors.
So far, Harris&#8217;s approach appears to resonate within the crypto sector. 
"There's nothing controversial in there," said Rep. Sean Casten (D-Ill.), a notable crypto skeptic, in response to Harris's comments on the industry.
Her strategy involves broader economic policy themes while avoiding specific positions that could provoke backlash from either side of the crypto debate.
In an environment where the crypto industry wields considerable financial influence, Harris&#8217;s campaign is careful. 
The industry, through a network of super PACs, has injected around $160 million into key races, which may impact control over Washington. 
Harris has initiated discussions with crypto leaders and appointed former Treasury official Brian Nelson to spearhead her campaign&#8217;s crypto outreach. 
However, this move has prompted advocates to reassess their perceptions of her as a potential ally.
For some Democrats, Harris's stance represents a welcome change. 
"As soon as she became our nominee, we worked with her team to encourage a look at this issue as a way to differentiate her campaign from the current administration," said Rep. Wiley Nickel (D-NC), a leading pro-crypto Democrat.
He views Harris&#8217;s remarks as a potential &#8220;crypto reset.&#8221; 
However, others remain skeptical, interpreting her current position as cautiously non-committal.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41053347/sec-chair-gensler-says-crypto-will-not-persist-without-investor-protection-the-automobile-">SEC Chair Gensler Says Crypto Will Not Persist Without Investor Protection: &#8216;The Automobile Wouldn&#8217;t Have Survived If You Didn&#8217;t Have Traffic Lights&#8217;</a>
Why It Matters: In contrast to Biden's strict regulatory stance, Harris&#8217;s comments have drawn praise from some quarters of the crypto world.
Billionaire investor and crypto advocate Mark Cuban, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41032465/mark-cuban-is-one-of-kamala-harris-most-effective-surrogates-says-former-sc-house-rep-baka">a Harris surrogate</a>, shared his perspective, stating that campaign officials are "very clear" they do not favor &#8220;regulation through litigation&#8221;—a point of contention for many in the crypto industry.
Nonetheless, crypto supporters remain divided in their response. The industry advocacy group Stand With Crypto, created by digital asset exchange Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), initially rated Harris with a &#8220;B&#8221; but later changed her status to &#8220;N/A.&#8221; 
This reversal underscores the difficulty in gauging her precise position. 
Harris&#8217;s commitment to both encouraging digital assets and maintaining consumer protections has placed her in a complex position that is yet to provoke public discord within the party.
Meanwhile, some Democrats, like Rep. Ro Khanna (D-CA), see Harris's outreach as an &#8220;encouraging&#8221; sign.
By potentially embracing crypto, Harris may unlock financial support from Silicon Valley and the digital asset world. 
A pro-Harris crypto group, <a href="https://www.benzinga.com/content/40228975/crypto4harris-advocacy-group-announces-town-hall-featuring-mark-cuban">Crypto4Harris</a>, is already pitching an in-person fundraiser for crypto executives in light of her recent comments.
Should Harris embrace crypto-friendly policies, it could also serve to engage young male voters, as data indicates higher crypto ownership among this demographic. 
However, this positioning risks a future clash with the left if Harris ascends to the presidency. 
So far, the internal division has remained subdued. When asked about Harris's recent comments, Senator Warren said, "My concern is law enforcement&#8230; I haven't heard the defense for why crypto should be a welcoming home for terrorists and drug dealers."
Despite this, others like Casten maintain that advocating for well-regulated industries is not inherently problematic. 
What&#8217;s Next: For more in-depth discussions on the future of digital assets and cryptocurrency regulations, industry enthusiasts and policymakers will convene at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, providing a timely platform to explore these evolving dynamics.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41053101/maxine-waters-says-crypto-is-inevitable-other-countries-are-way-ahead-of-the-united-states">Maxine Waters Says &#8216;Crypto Is Inevitable,&#8217; Other Countries Are &#8216;Way Ahead&#8217; Of The United States</a></li>
</ul>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Is Kamala Harris Headed For A 'Crypto Reset'? Advocates See 'Encouraging' Signs But Here's Where It Gets Tricky

BTBT

Shares of crypto-related stocks are trading higher amid strength in Bitcoin, which passed $65,000 amid upbeat market sentiment, net inflows to Bitcoin spot ETFs and the Fed's recent rate cut.

PYPL

Paypal Says Enabling Its U.S. Merchants To Buy, Hold And Sell Cryptocurrency Directly From Their Paypal Business Account; At Launch, This Functionality For Business Accounts Will Not Be Available In New York State

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. 
Here's the list of options activity happening in today's session: 
<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>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$80.00</td>
<td>$1.5 million</td>
<td>5.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$57.50</td>
<td>$29.4K</td>
<td>9.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>GPN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$26.0K</td>
<td>589</td>
<td>1.0K</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$62.00</td>
<td>$33.3K</td>
<td>900</td>
<td>835</td>
</tr>
<tr>
<td>CUBI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$37.5K</td>
<td>10</td>
<td>502</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$255.00</td>
<td>$72.5K</td>
<td>512</td>
<td>267</td>
</tr>
<tr>
<td>USB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$42.50</td>
<td>$104.9K</td>
<td>837</td>
<td>250</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$195.00</td>
<td>$30.5K</td>
<td>4.0K</td>
<td>177</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$167.50</td>
<td>$33.7K</td>
<td>175</td>
<td>157</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$52.50</td>
<td>$29.6K</td>
<td>18</td>
<td>154</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option trade with bearish sentiment. It expires in 177 day(s) on March 21, 2025. Parties traded 2000 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $1.5 million, with a price of $760.0 per contract. There were 5089 open contracts at this strike prior to today, and today 2055 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a call option trade with bullish sentiment. It expires in 51 day(s) on November 15, 2024. Parties traded 300 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $98.0 per contract. There were 9343 open contracts at this strike prior to today, and today 1209 contract(s) were bought and sold. 
• Regarding GPN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on October 18, 2024. Parties traded 70 contract(s) at a $100.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $372.0 per contract. There were 589 open contracts at this strike prior to today, and today 1040 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on October 18, 2024. Parties traded 66 contract(s) at a $62.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $33.3K, with a price of $505.0 per contract. There were 900 open contracts at this strike prior to today, and today 835 contract(s) were bought and sold. 
• Regarding CUBI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>), we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on October 18, 2024. Parties traded 250 contract(s) at a $42.50 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $150.0 per contract. There were 10 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a put option trade that happens to be bearish, expiring in 86 day(s) on December 20, 2024. This event was a transfer of 145 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $72.5K, with a price of $500.0 per contract. There were 512 open contracts at this strike prior to today, and today 267 contract(s) were bought and sold. 
• For USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we notice a call option sweep that happens to be bullish, expiring in 268 day(s) on June 20, 2025. This event was a transfer of 200 contract(s) at a $42.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $104.9K, with a price of $525.0 per contract. There were 837 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $195.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $305.0 per contract. There were 4051 open contracts at this strike prior to today, and today 177 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on October 4, 2024. This event was a transfer of 50 contract(s) at a $167.50 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 $33.7K, with a price of $679.0 per contract. There were 175 open contracts at this strike prior to today, and today 157 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a call option trade with bearish sentiment. It expires in 359 day(s) on September 19, 2025. Parties traded 32 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $29.6K, with a price of $925.0 per contract. There were 18 open contracts at this strike prior to today, and today 154 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 about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

CUBI

10 Financials Stocks Whale Activity In Today's Session

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot ETFs recorded a small net inflow of $4.56 million on Monday as miner revenues signal a potential uptrend <a href="https://www.benzinga.com/money/bitcoin-price-prediction">in the making.</a>
What Happened: Significant contributions came from Fidelity&#8217;s ETF (CBOE: FBTC), which added $24.93 million, and the BlackRock ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), with an inflow of $11.54 million.
However, Grayscale's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTC">GBTC</a>) recorded a notable outflow of $40.33 million, reflecting mixed sentiment within the market, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot">data</a> from SoSo Value.
Meanwhile, Ethereum spot ETFs experienced a major outflow of $79.21 million, largely driven by a $80.55 million outflow from Grayscale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#NYSE">ETHE</a>), though Bitwise's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHW#NYSE">ETHW</a>) saw a modest inflow of $1.34 million, <a href="https://sosovalue.xyz/assets/etf/us-eth-spot">data</a> shows.
Bitcoin continues to hover near $63,500, up just 0.1% over the past 24 hours, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has seen a slight decline, trading down 0.1% at $2,642.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40989892/bitcoins-22-rally-isnt-enough-it-must-break-august-high-to-overcome-downtrend-bitfinex-ana">Bitcoin&#8217;s 22% Rally Isn&#8217;t Enough, It Must Break August High To Overcome Downtrend, Bitfinex Analysts Say</a>
Why It Matters: As institutional interest in Bitcoin ETFs persists, industry experts are weighing in on what could drive prices in the near term.
Eric Balchunas, Senior ETF Analyst at Bloomberg, <a href="https://x.com/EricBalchunas/status/1838296036772593716">highlighted</a> BlackRock&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) method of securing its Bitcoin holdings, stating, &#8220;BlackRock runs their own blockchain node and ensures that Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) deposits Bitcoin directly on-chain within 12 hours of instruction. This is why they, and other major ETF issuers, are trusted by America&#8217;s advisors—they've perfected this process over decades.&#8221;
Balchunas&#8217; comments underline the trust institutions place in BlackRock's processes, which remain key to the continued confidence in Bitcoin ETFs.
On the broader market dynamics, Iliya Kalchev, a Nexo Dispatch Analyst, pointed out the potential impact of Bitcoin miners on price action. 
"Bitcoin miner revenues remain at multi-year lows, creating the potential for price appreciation if miners start distributing Bitcoin at higher prices to sustain their operations," he told Benzinga. 
Kalchev added that traders, rather than investors, could be the primary drivers of Bitcoin's short-term moves, with Bitcoin open interest at over $25 billion. 
He highlighted that a breakout above $66,000 would signal growing optimism as the options market currently favors calls above that level.
Ilia Otychenko, Lead Analyst at CEX.IO, provided a technical analysis of Bitcoin's current resistance levels. 
"Bitcoin remains near the 200-day SMA and the previous local high, both key resistance levels. A sustained break above the 200-day SMA could drive Bitcoin toward the $66,000–$67,300 supply zone. However, failure at these levels may lead to consolidation or a drop to $62,700," Otychenko explained. 
He also noted that, while Bitcoin has tested major resistance, low trading volumes during the attempt have prevented further gains.
Despite short-term uncertainties, Otychenko remains bullish on Bitcoin's longer-term outlook. 
"The weekly RSI has broken above its descending resistance trendline, a historically bullish indicator. If this pattern holds, Bitcoin could be on track for a new all-time high in the coming months," he added.
What&#8217;s Next: Industry experts will have the opportunity to explore these themes in depth at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40990471/donald-trumps-crypto-portfolio-surges-by-over-800k-in-september">Donald Trump&#8217;s Crypto Portfolio Surges By Over $800K In September</a></li>
</ul>
Image: Shutterstock

ETHE

ETHW

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

GBTC

IBIT

Bitcoin ETFs See $4.5M Inflow, But Miners Could Actually Cause The Next Big Move Up

RAIR Technologies, an open-source platform for building decentralized Web3 applications, has been accepted into the Denarii Labs Accelerator, a competitive program aimed at helping early-stage Web3 companies develop and fine-tune their tokenomics. 
The 12-week accelerator program, led by RedBeard Ventures and supported by advisory firms such as Futureverse, will provide RAIR Technologies with strategic mentorship and guidance as it strengthens its core technology and token models, RAIR Technologies said in a statement to Benzinga.
Denarii Labs is known for offering support in tokenomics and launch strategies for Web3 startups, focusing on aligning business models with token structures that can drive sustainable growth. 
The accelerator's selection process is highly competitive, ensuring that only the most promising companies in the Web3 space are chosen. 
RAIR Technologies will use this opportunity to refine the tokenomics of its RAIRprotocol, a tool designed to enable decentralized application development, asset creation, and royalty tracking.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40989296/ethereum-outshines-bitcoin-after-u-s-federal-reserve-rate-cut-but-heres-how-volatility-cou">Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here&#8217;s How Volatility Could Crash The Party</a>
"We couldn't be more proud to be accepted into this unique and elite program for the Web3 industry," said Ed Prado, CEO of RAIR Technologies. "Denarii Labs will allow us to drill down on our tokenomics before we significantly expand both the technology and our partner base."
RAIR's acceptance into the program comes at a crucial time, as the company prepares to raise additional funding and explore new partnerships. 
With mentorship from industry leaders such as Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), GSR and Omniscia, along with legal guidance from Fenwick &amp; West, RAIR Technologies will focus on refining its business model and investor readiness.
The company previously participated in Sony's accelerator program, which resulted in a partnership with Soneium, Sony's blockchain initiative.
These topics will be explored in depth at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry experts will discuss the future of Web3, blockchain innovation and tokenomics in the decentralized economy.
Read Next: • <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985125/bitcoins-on-chain-metrics-are-turning-bullish-what-is-going-on">Bitcoin&#8217;s On-Chain Metrics Are Turning Bullish: What Is Going On?</a>

RAIR Technologies Joins Denarii Labs Accelerator To Refine Web3 Tokenomics

Former White House Director of Communications Anthony Scaramucci reacted tongue-in-cheek to Vice President Kamala Harris&#8217; supportive comments about digital assets, which would mark a departure from the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40385566/mark-cuban-gets-an-assurance-out-of-chuck-schumer-will-pass-sensible-and-long-lasting-cryp">current administration&#8217;s track record</a>.
What Happened: Scaramucci, who will be a headline speaker at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a>&nbsp;event on Nov. 19, <a href="https://x.com/Scaramucci/status/1838016216645914765">quipped</a> on his X account that &#8220;Kamala means Bitcoin in every language.&#8221;
The Democratic presidential nominee had <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in">previously promised</a> to encourage &#8220;innovative technologies like AI and digital assets&#8221; at a fundraiser in Manhattan. 
The comment was lauded by Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) CEO Hayden Adams but sparked a backlash among the more skeptical digital asset industry leaders.
Alex Thorn, Head of Research at Galaxy Digital, cautioned that the vice president&#8217;s comments don&#8217;t suggest &#8220;any deviation from Biden policy.&#8221;
This echoes a sentiment felt by many in the industry, that the current administration has either tacitly or overtly supported more stringent digital asset regulation.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40963926/anthony-scaramucci-backs-kamala-harris-on-crypto-policy-says-its-going-in-the-right-direct">Anthony Scaramucci Backs Kamala Harris On Crypto Policy, Says &#8216;It&#8217;s Going In The Right Direction&#8217;</a>
Why It Matters: Since taking office, President Joe Biden has <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39112390/bidens-crypto-policies-are-shaking-up-the-crypto-community-but-long-way-left-to-go-says-ex">consistently backed</a> the Securities and Exchange Commission (SEC). Under the leadership of Chair Gary Gensler, the SEC has pursued enforcement actions against major crypto players like Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Binance and Kraken, arguing for expansive definitions of securities that could bring much of the crypto industry under its purview.
This regulatory approach culminated in <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39123781/joe-biden-vetoes-bipartisan-resolution-to-overturn-secs-crypto-custody-guidance-will-not-s">Biden&#8217;s veto</a> of a bipartisan resolution to overturn the SEC&#8217;s crypto custody guidance.
In his veto message, Biden emphasized the administration &#8220;will not support measures that jeopardize the well-being of consumers and investors.&#8221; He argued that the resolution &#8220;would inappropriately constrain the SEC&#8217;s ability to set forth appropriate guardrails and address future issues.&#8221;
Critics view these actions as an overreach.
Scott Johnsson of Van Buren Capital <a href="https://twitter.com/SGJohnsson/status/1796216669100036525">said</a> the administration&#8217;s policies are &#8220;stifling the growth of the cryptocurrency industry.&#8221; He pointed to a series of regulatory actions, including the SEC&#8217;s new rules incorporating decentralized finance (DeFi) into regulatory frameworks, which he argues were applied without proper adherence to the Administrative Procedures Act.
William Quigley, co-founder of Tether, echoed these concerns, stating, &#8220;Biden, I don&#8217;t think he&#8217;s been an enemy of crypto, but he has let the regulators kind of go unchecked.&#8221; 
Quigley specifically highlighted the SEC&#8217;s aggressive stance under Gensler&#8217;s leadership in an <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39331456/exclusive-biden-administration-let-the-sec-go-unchecked-tether-co-founder-says">interview with Benzinga</a> in June.
Lately, the administration has shown signs of engagement with the industry. Crypto executives met with White House officials for a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40283775/anthony-scaramucci-thinks-crypto-industrys-virtual-meeting-with-democrats-was-encouraging-">digital roundtable in August</a>. 
<a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> speaker Scaramucci described the gathering as &#8220;encouraging&#8221; but acknowledged that heated exchanges occurred as industry leaders openly voiced their concerns.
The regulatory landscape has become a key issue in the 2024 presidential race. Former President Donald Trump has positioned himself as a crypto ally, promising to reverse what he calls the Biden administration&#8217;s &#8220;crackdown&#8221; on cryptocurrencies. At the Bitcoin 2024 conference in Nashville, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40018935/trumps-bitcoin-conference-pledge-can-he-really-fire-sec-chair-gensler">Trump pledged</a>, &#8220;I will appoint a new SEC chairman who believes America should build the future and not block the future.&#8221;
What&#8217;s Next: Anthony Scaramucci and other industry experts like Caitlin Long and Jan van Eck will discuss the impact of the incoming administration on digital asset policy at the <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40963556/experts-predict-bitcoin-surge-to-65-000-as-crypto-market-remains-steady">Experts Predict Bitcoin Surge To $65,000 As Crypto Market Remains Steady</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

$UNI

Anthony Scaramucci Quips 'Kamala Means Bitcoin In Every Language,' But Biden-Harris Administration Is No Laughing Matter For Crypto

<a href="https://unchainedcrypto.com/bank-of-new-york-mellon-identified-as-first-bank-to-receive-sec-exemption-from-sab-121/" title="https://unchainedcrypto.com/bank-of-new-york-mellon-identified-as-first-bank-to-receive-sec-exemption-from-sab-121/">https://unchainedcrypto.com/bank-of-new-york-mellon-identified-as-first-bank-to-receive-sec-exemption-from-sab-121/</a>

'BNY Identified as First Bank to Receive SEC Exemption From SAB 121' Which Would Allow The Bank To Custody Bitcoin -UnChained Report

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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<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>NU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$13.50</td>
<td>$50.0K</td>
<td>109</td>
<td>5.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$65.00</td>
<td>$25.2K</td>
<td>24.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$67.50</td>
<td>$496.0K</td>
<td>64</td>
<td>1.0K</td>
</tr>
<tr>
<td>FHN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$17.00</td>
<td>$143.0K</td>
<td>246</td>
<td>1.0K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$47.50</td>
<td>$51.5K</td>
<td>2.2K</td>
<td>580</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$7.00</td>
<td>$46.5K</td>
<td>7.4K</td>
<td>412</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$190.00</td>
<td>$42.1K</td>
<td>646</td>
<td>361</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$82.50</td>
<td>$243.9K</td>
<td>19</td>
<td>309</td>
</tr>
<tr>
<td>PRU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$115.00</td>
<td>$90.2K</td>
<td>1.5K</td>
<td>153</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$190.00</td>
<td>$37.3K</td>
<td>3.4K</td>
<td>42</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on October 4, 2024. Parties traded 5000 contract(s) at a $13.50 strike. This particular put needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $10.0 per contract. There were 109 open contracts at this strike prior to today, and today 5051 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on October 18, 2024. This event was a transfer of 300 contract(s) at a $65.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $84.0 per contract. There were 24630 open contracts at this strike prior to today, and today 1534 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a put option trade with bullish sentiment. It expires in 56 day(s) on November 15, 2024. Parties traded 1000 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $496.0K, with a price of $496.0 per contract. There were 64 open contracts at this strike prior to today, and today 1058 contract(s) were bought and sold. 
• Regarding FHN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), we observe a put option trade with bearish sentiment. It expires in 56 day(s) on November 15, 2024. Parties traded 1000 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $143.0K, with a price of $143.0 per contract. There were 246 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option trade that happens to be bearish, expiring in 28 day(s) on October 18, 2024. This event was a transfer of 250 contract(s) at a $47.50 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $206.0 per contract. There were 2222 open contracts at this strike prior to today, and today 580 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 sweep with bearish sentiment. It expires in 636 day(s) on June 18, 2026. Parties traded 150 contract(s) at a $7.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $310.0 per contract. There were 7412 open contracts at this strike prior to today, and today 412 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 20 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $42.1K, with a price of $2105.0 per contract. There were 646 open contracts at this strike prior to today, and today 361 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bearish sentiment. It expires in 455 day(s) on December 19, 2025. Parties traded 173 contract(s) at a $82.50 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $243.9K, with a price of $1410.0 per contract. There were 19 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold. 
• For PRU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 148 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $90.2K, with a price of $610.0 per contract. There were 1547 open contracts at this strike prior to today, and today 153 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 19 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $37.3K, with a price of $1966.0 per contract. There were 3480 open contracts at this strike prior to today, and today 42 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.

SOFI

10 Financials Stocks With Whale Alerts In Today's Session

Deep-pocketed investors have adopted a bullish approach towards Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COIN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 28 extraordinary options activities for Coinbase Glb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 42% bearish. Among these notable options, 7 are puts, totaling $669,860, and 21 are calls, amounting to $2,660,141.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $420.0 for Coinbase Glb during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Coinbase Glb's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Coinbase Glb's whale trades within a strike price range from $145.0 to $420.0 in the last 30 days. 
<h3>Coinbase Glb 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726852868_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$71.9</td>
<td>$71.75</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$358.7K</td>
<td>5.3K</td>
<td style="text-align: right;">209</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$72.85</td>
<td>$71.75</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$358.7K</td>
<td>5.3K</td>
<td style="text-align: right;">114</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$72.9</td>
<td>$71.75</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$358.7K</td>
<td>5.3K</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/15/26</td>
<td>$71.9</td>
<td>$70.2</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$258.3K</td>
<td>5.3K</td>
<td style="text-align: right;">295</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.5</td>
<td>$18.25</td>
<td>$18.25</td>
<td>$160.00</td>
<td>$182.5K</td>
<td>1.3K</td>
<td style="text-align: right;">100</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.
<h3>Present Market Standing of Coinbase Glb</h3>
<ul>
<li>Currently trading with a volume of 3,642,568, the COIN's price is up by 1.81%, now at $171.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<h3>Professional Analyst Ratings for Coinbase Glb</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $169.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays has elevated its stance to Equal-Weight, setting a new price target at $169. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coinbase Glb with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Coinbase Glb Unusual Options Activity For September 20

Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) stock is up after Piper Sandler analyst Patrick Moley maintained an Overweight rating and raised its <a target="_blank" href="https://www.benzinga.com/quote/HOOD/analyst-ratings" rel="noreferrer noopener">price target from $23 to $27</a>.
The re-rating follows the <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">50 bps Fed rate cut</a>, with Moley reiterating that the second-order effects of Fed rate cuts on margin balance growth and overall retail trading activity will be enough to offset the negative impact of lower rates.
The price target reflects seven times the analyst&#8217;s 2026 revenue estimate (up from 6 times previously to reflect recent peer group multiple expansion and a more favorable retail trading environment).
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/09/40938590/whats-going-on-with-ai-related-stocks-nvidia-amd-broadcom-and-super-micro-on-thursday" rel="noreferrer noopener">What&#8217;s Going On With AI Related Stocks Nvidia, AMD, Broadcom And Super Micro On Thursday?</a>
Moley said that Crypto accounted for ~16% of Robinhood Markets&#8217; net revenues in the first half of 2024. While the stock has by far the most robust crypto offering of any traditional U.S. retail broker, its offering is pretty conservative compared to crypto-native firms like Coinbase Global, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
Moley noted that the passage of comprehensive crypto legislation in the U.S. is nearing. CME Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) and Coinbase CEOs believe comprehensive legislation could come before year-end.
The analyst said Robinhood Markets is well positioned to benefit if this occurs, given its relatively conservative crypto offering and a younger customer demographic with an appetite to adopt new crypto products.
Moley projects ~ a 10%-12% EPS upside to Robinhood Markets&#8217; earnings if the company expands its crypto offering to something comparable to crypto-native peers.
<h2 class="wp-block-heading">Robinhood Stock Prediction For 2024</h2>
Robinhood Markets&#8217;s revenue growth in FY23 was 37.33%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 5.33%, while PPI recently came in at 0.2%, growing 1.7% from last year. The unemployment rate was most recently reported as 4.2%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for Robinhood Markets stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free.</a>
How does this stack up against Robinhood Markets's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. Robinhood Markets operates in the Financials sector. The stock has experienced average annual growth of -17.32% compared to the 10.93% average of its peer companies. This is below the broader sector movement of Robinhood Markets.
Price Action: HOOD stock is up 2.68% at $23.57 at last check Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Autonomous Driving Stock Mobileye Thursday?</a></li>
</ul>

Analyst Color

Price Target

Reiteration

Analyst Ratings

Tech

HOOD

This Robinhood Analyst Raises Forecast By 17% On Retail Trading and Crypto Expansion - Here's Why

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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming 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>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$80.00</td>
<td>$34.7K</td>
<td>20.6K</td>
<td>6.1K</td>
</tr>
<tr>
<td>ABR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$16.00</td>
<td>$80.0K</td>
<td>3.9K</td>
<td>4.1K</td>
</tr>
<tr>
<td>SCHW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$62.50</td>
<td>$27.7K</td>
<td>8.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$64.00</td>
<td>$69.5K</td>
<td>109</td>
<td>1.4K</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$70.00</td>
<td>$31.4K</td>
<td>2.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>VLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$110.0K</td>
<td>785</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$190.00</td>
<td>$61.9K</td>
<td>745</td>
<td>867</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$90.00</td>
<td>$72.9K</td>
<td>32</td>
<td>503</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$220.00</td>
<td>$57.6K</td>
<td>535</td>
<td>245</td>
</tr>
<tr>
<td>FI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$145.00</td>
<td>$72.4K</td>
<td>1.3K</td>
<td>228</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option sweep with bearish sentiment. It expires in 120 day(s) on January 17, 2025. Parties traded 61 contract(s) at a $80.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $570.0 per contract. There were 20661 open contracts at this strike prior to today, and today 6183 contract(s) were bought and sold. 
• Regarding ABR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>), we observe a call option trade with bullish sentiment. It expires in 29 day(s) on October 18, 2024. Parties traded 4000 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $80.0K, with a price of $20.0 per contract. There were 3995 open contracts at this strike prior to today, and today 4128 contract(s) were bought and sold. 
• For SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on October 18, 2024. This event was a transfer of 165 contract(s) at a $62.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $168.0 per contract. There were 8421 open contracts at this strike prior to today, and today 3131 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 call option sweep with bullish sentiment. It expires in 22 day(s) on October 11, 2024. Parties traded 781 contract(s) at a $64.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $69.5K, with a price of $89.0 per contract. There were 109 open contracts at this strike prior to today, and today 1409 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on October 18, 2024. Parties traded 109 contract(s) at a $70.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $288.0 per contract. There were 2785 open contracts at this strike prior to today, and today 1179 contract(s) were bought and sold. 
• For VLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>), we notice a put option trade that happens to be bearish, expiring in 120 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $110.0K, with a price of $110.0 per contract. There were 785 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bearish, expiring in 29 day(s) on October 18, 2024. This event was a transfer of 96 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $61.9K, with a price of $645.0 per contract. There were 745 open contracts at this strike prior to today, and today 867 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bearish sentiment. It expires in 155 day(s) on February 21, 2025. Parties traded 300 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $72.9K, with a price of $243.0 per contract. There were 32 open contracts at this strike prior to today, and today 503 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with neutral sentiment. It expires in 92 day(s) on December 20, 2024. Parties traded 40 contract(s) at a $220.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.6K, with a price of $1450.0 per contract. There were 535 open contracts at this strike prior to today, and today 245 contract(s) were bought and sold. 
• For FI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), we notice a call option sweep that happens to be bearish, expiring in 120 day(s) on January 17, 2025. This event was a transfer of 20 contract(s) at a $145.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $72.4K, with a price of $3620.0 per contract. There were 1372 open contracts at this strike prior to today, and today 228 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 about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FUTU

SCHW

Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares are trading higher Thursday as investors digest the first interest rate cut from the <a href="https://www.benzinga.com/news/earnings/24/09/40934972/wall-street-primed-for-relief-rally-as-traders-eye-jobless-claims-fedex-earnings-after-feds-50-basi">Federal Reserve in four years.</a>
The Details:
The Federal Reserve announced a 50 basis point (bps) cut Wednesday, bringing the federal funds rate down to a range of 4.75% to 5% and increasing the appeal of risk assets like stocks and cryptocurrencies.
Cryptocurrencies are rising with the broad market rally Thursday following Wednesday's rate cut. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is trading above the $63,000 level and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is up 2.17% over the past 24 hours. Both cryptocurrencies saw <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40926729/bitcoin-spikes-above-61-000-as-fed-implements-50-bps-rate-cut">increased trading</a> following the Federal Reserve&#8217;s surprise decision, which exceeded the anticipated 25 basis point cut.
Read Next: <a href="https://www.benzinga.com/fintech/24/09/40928342/what-happened-with-sofi-stock-today">What Happened With SoFi Stock Today?</a>
"These markets should benefit from the formalization of the Fed&#8217;s dovish shift. Our long-term investment thesis for Bitcoin remains intact, and regardless of the near-term direction of monetary policy, BTC is well-positioned for growth as institutional adoption continues to gain momentum," Hashdex&#8217;s CIO Samir Kerbage wrote in a note sent to Benzinga.&nbsp;
Coinbase shares are climbing on above-average volume Thursday, though the stock is trading well-below its 50-day moving average of $201.46, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.&nbsp;&nbsp;&nbsp;
<h3 class="wp-block-heading">Will COIN Stock Go Up?</h3>
When trying to assess whether or not Coinbase Global will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $257.25 on Coinbase. The Street high target is currently at $345 and the Street low target is $169. Of all the analysts covering Coinbase, 7 have positive ratings, 3 have neutral ratings and 2 have negative ratings.
In the last month, one analyst has adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Coinbase Global have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Coinbase is 10.56% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Coinbase Global, visit <a href="https://www.benzinga.com/quote/COIN">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
COIN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Coinbase Global shares are up 7.11% at $174.21 at the time of publication Thursday. 
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Image: Shutterstock

What's Going On With Coinbase Stock?

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Shares of crypto-linked stocks are trading higher after the Fed's Wednesday decision to cut rates by 50 basis points.

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Shares of crypto-linked stocks are trading higher after the Fed's policy decision to cut rates by 50 basis points.

The Nasdaq 100 closed slightly higher during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Wynn Resorts</h3>
<ul>
<li>The Trade: Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) Director Patricia Mulroy <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,650 shares</a> at an average price of $78.73. The insider received around $208,635 from selling those shares.</li>
<li>What's Happening: On Sept. 10, Wynn Resorts priced its $800 million private offering of Wynn Resorts Finance 6.250% Senior Notes due 2033.</li>
<li>What Wynn Resorts Does: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1">latest WYNN news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="811" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135.png" alt="" class="wp-image-553397" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135-300x268.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135-768x687.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Dropbox</h3>
<ul>
<li>The Trade: Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) CFO Timothy Regan sold a total of 3,300 shares at an average price of $24.51. The insider received around $80,875 from selling those shares.</li>
<li>What's Happening: On Aug. 8, Dropbox reported better-than-expected second-quarter financial results.</li>
<li>What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"> trend in DBX stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136.png" alt="" class="wp-image-553400" style="width:681px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136-768x705.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Coinbase Global</h3>
<ul>
<li>The Trade: Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) President and COO Emilie Choi <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $162.24. The insider received around $243,360 from selling those shares.</li>
<li>What's Happening: On Sept. 12, Coinbase announced the launch of Coinbase Wrapped BTC (cbBTC), a new ERC20 token backed 1:1 by Bitcoin held in Coinbase&#8217;s custody to bridge Bitcoin to Ethereum and base networks.</li>
<li>What Coinbase Global Does: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in COIN shares. </li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/7a39fc5d-9ef8-4c8f-9ad8-315defc8c4aa" alt="" style="width:679px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EVP, Global Affairs and CLO Jacob J. Schatz <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $146.58. The insider received around $219,870 from selling those shares.</li>
<li>What's Happening: On Sept. 17, Electronic Arts outlined its long-term growth strategy at its Investor Day event.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. </li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1">EA&#8217;s earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="878" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138.png" alt="" class="wp-image-553413" style="width:668px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138-300x286.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138-768x733.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
Check This Out: 
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Press Releases

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Coinbase Global, Inc. (COIN)

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Coinbase Global, Inc. (COIN)

Legal

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Coinbase Global, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – COIN

COIN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Coinbase Global, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

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

Bitcoin And Crypto Stocks Rise After Fed Rate Cut

Shareholder Rights Law Firm Robbins LLP Encourages Coinbase Global, Inc. Stockholders with Large Losses to Contact the Firm for Information About the COIN Securities Class Action

COIN INVESTOR DEADLINE Robbins Geller Rudman & Dowd LLP Announces that Coinbase Global, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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