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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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Brian Armstrong explica cómo el &#34;efecto Trump&#34; impulsa el interés masivo y debate regulatorio en el sector cripto.

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La criptobolsa Coinbase (NASDAQ:COIN) ha lanzado un nuevo servicio que permite a sus clientes de EE.UU.

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El director de inversiones de Bitwise, Matt Hougan, argumentó el martes que asociar la estrategia de reserva de Tesorería en Bitcoin (CRYPTO: BTC) únicamente con MicroStrategy Inc. (NASDAQ:MSTR

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Wall Street had a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43068335/wall-street-rallies-as-inflation-fears-recede-banks-smash-earnings-bitcoin-reclaims-100000-this-week-in-the-markets">strong rally last week</a>, driven by a combination of easing core inflation, a Gaza ceasefire agreement and robust bank earnings. Major indices closed the week with impressive gains: the S&amp;P 500 was up 2.9%, the Dow Jones climbed 3.7% and the Nasdaq Composite advanced 2.4%.
Needless to say, several ETFs also cashed in on the upbeat market environment. Here are five ETFs that ended the week on Jan. 17 on a happy note.
Direxion Daily Real Estate Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRN#NYSE">DRN</a>) Weekly gain: 15.25% Focus: Tracks U.S. REITs, offering a short-term view of the U.S. real estate sector. Expense Ratio: 1.01%
<h1 class="wp-block-heading">YieldMax MSTR Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSTY#NYSE">MSTY</a>)</h1>
Weekly Gain: 13.28% Focus: Tracks MicroStrategy's share price while generating income. Expense Ratio: 0.99% 
<h1 class="wp-block-heading">First Trust SkyBridge Crypto Industry &amp; Digital Economy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRPT#NYSE">CRPT</a>)</h1>
Weekly Gain: 13.20% Focus: Invests in crypto-related industries, with Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) as its top holding. Expense Ratio: 0.85% 
<h1 class="wp-block-heading">ProShares Ultra Industrials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UXI#NYSE">UXI</a>)</h1>
Weekly Gain: 11.3% Focus: Tracks the Dow Jones U.S. Industrials Index. General Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) are among its top holdings. Expense Ratio: 0.75% 
<h1 class="wp-block-heading">ProShares Ultra SmallCap600 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAA#NYSE">SAA</a>)</h1>
Weekly Gain: 8.9% Focus: Mirrors the S&amp;P SmallCap 600 Index and includes stocks of companies like Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) and Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) in its portfolio. Expense Ratio: 0.75%
<h1 class="wp-block-heading">What Drove Markets</h1>
While December&#8217;s annual inflation ticked up slightly to 2.9%, the increase came within market expectations, which served as a hope for a potentially dovish stance from the Federal Reserve. Retail sales rose by 0.4% in December, below the expected 0.6%, further fanning speculation of slower rate hikes.
See Also: <a href="https://www.benzinga.com/news/global/25/01/43076662/three-hostages-cross-into-israeli-territory-after-471-days-as-ceasefire-begins">Three Hostages Cross Into Israeli Territory After 471 Days as Ceasefire Begins</a>
In geopolitical news, the <a href="https://www.benzinga.com/news/global/25/01/43017362/israel-hamas-agree-to-ceasefire-deal-including-hostage-release-biden-confirms">ceasefire between Israel and Hamas</a> brought some relief to global markets, reducing risks of regional disruptions. Additionally, positive earnings from major banks underlined the resilience of financial institutions, adding to market optimism.
Furthermore, Bitcoin&#8217;s standout performance last week sent the cryptocurrency 9% northward, marking a solid recovery. Inevitably, this rally lifted securities linked to Bitcoin, including MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), which saw its shares jump 28%, and Coinbase Global, up 20%.
Again, major banks inaugurated the fourth-quarter 2024 earnings season with strong results, <a href="https://www.benzinga.com/topic/banks">pushing bank stocks up.</a>
See Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43105356/meme-coin-supercycle-dogecoin-trump-bonk-futures-etf-applications-filed">Meme Coin Supercycle? Dogecoin, Trump, Bonk Futures ETF Applications Filed</a></li>
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CRPT

Direxion Daily Real Estate Bull 3x Shares

Tidal Trust II YieldMax MSTR Option Income Strategy ETF

MSTY

Wall Street Rally Sparks ETF Gains: Top 5 Performers Of Last Week

Speaking at the World Economic Forum in Davos 2025, Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong placed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on a higher pedestal than gold as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114875/coinbase-ceo-brian-armstrong-stands-out-as-candidate-for-donald-trumps-reported-crypto-czar-position-cardano-co-founder-says">store of value for governments</a>.
What Happened: In an <a href="https://www.youtube.com/watch?v=dl9ruFvPlsw">interview</a> with CNBC, Armstrong reflected on spending two days in Washington during Donald Trump's inauguration, describing the event as the "dawn of a new day for crypto." 
He expressed optimism about the new administration&#8217;s potential to establish clear regulations and pass <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43076398/trumps-expected-executive-orders-bitcoins-bullish-surge-and-more-this-week-in-crypto">crypto-friendly legislation</a>, setting the stage for significant investment and innovation. 
He added that crypto is still in "infancy" and it is a very exciting phase.
Armstrong also underscored crypto's early-stage growth, highlighting factors like the rise of Bitcoin ETFs, increased stablecoin payments, and the growing interest of Fortune 500 companies in piloting crypto initiatives. 
He emphasized that Bitcoin, as a global digital asset, could make financial systems faster, cheaper and more efficient, ultimately promoting financial freedom worldwide.
In December 2024, Armstrong openly <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42291096/coinbase-ceo-brian-armstrong-the-us-government-should-never-sell-bitcoin">opposed the U.S. government's decision to sell its Bitcoin</a> holdings, arguing that such assets should be retained as part of a long-term strategy.
Armstrong also hinted at potential partnerships, including integrating <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42741117/coinbase-ceo-brian-armstrong-a-stablecoin-integration-x-would-great-feature">USDC transfers into Elon Musk&#8217;s X platform</a>, signaling a pro-crypto alignment with global financial systems.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085738/trumps-crypto-silence-inauguration-omission-sparks-questions-after-history-of-mixed-signals">Trump&#8217;s Crypto Silence: Inauguration Omission Sparks Questions After History Of Mixed Signals</a>
What's Next: Armstrong anticipates that the administration&#8217;s first steps will include executive orders directing U.S. government agencies to collaborate on clear crypto regulations. 
Key initiatives could include Attracting capital and enabling startups to thrive in the U.S. and protecting the right to own Bitcoin and use custodial wallets without fear of persecution or de-banking.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43088563/bitcoin-vs-gold-peter-schiff-decodes-trumps-golden-age-reference-in-inaugural-speech">Peter Schiff On Trump&#8217;s Crypto Snub In Inaugural Speech: &#8216;He Invoked Gold, Not Bitcoin&#8217;</a></li>
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Image: Shutterstock

Coinbase CEO Brian Armstrong Says Bitcoin's Future Is Bright: 'The Dawn Of A New Day For Crypto'

<a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">Business analytics firm</a> MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) on Tuesday announced it has expanded its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings by purchasing an additional 11,000 BTC for approximately $1.1 billion, averaging $101,191 per coin.
This <a href="https://www.microstrategy.com/press/microstrategy-acquires-11000-btc-achieves-btc-yield-of-1-ytd-2025-now-holds-461000-btc_01-21-2025">acquisition</a> brings the company&#8217;s total Bitcoin assets to 461,000 BTC, acquired at an aggregate cost of $29.3 billion, with an average purchase price of $63,610 per Bitcoin.
The company&#8217;s consistent Bitcoin acquisitions have positioned it as one of the largest corporate holders of the cryptocurrency.
MicroStrategy has funded its Bitcoin purchases using a combination of at-the-market stock sales and convertible debt issuances, seeking to raise $42 billion in capital through these methods by 2027.
Its approach has influenced other publicly traded companies to consider Bitcoin investments.
Notably, Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) holds approximately 26,842 BTC, and Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) possess around 9,000 BTC.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43096311/exclusive-trump-does-not-establish-bitcoin-reserve-crypto-friendly-policies-on-day-1-and-now">EXCLUSIVE: Trump Does Not Establish Bitcoin Reserve, Crypto-Friendly Policies On Day 1—And Now?</a>
Similar to Marathon, Hut 8 Mining Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) is another publicly traded Bitcoin miner that holds Bitcoin as part of their treasury management.&nbsp;
Electric vehicle manufacturer Tesla made a significant purchase of $1.5 billion in Bitcoin in early 2021. 
Block Inc., formerly Square, led by Jack Dorsey, holds around $235 million in Bitcoin on its balance sheet.
On Tuesday, MicroStrategy shareholders will vote on a proposal to increase authorized Class A common stock from 330 million to 10.3 billion shares and authorized preferred stock from 5 million to 1 billion shares.
With Michael Saylor holding approximately 47% of voting power, the proposed amendments are likely to be approved.
As of now, MicroStrategy has $5.42 billion remaining under its equity offerings plan. 
Expanding share sales would enable the company to further support its ongoing strategy of purchasing additional Bitcoin.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43095721/dogecoin-up-2-after-logo-appears-on-doge-department-site">Dogecoin Up 2% After Logo Appears On DOGE Department Site</a></li>
</ul>
Image: Shutterstock

MicroStrategy Buys 11,000 Bitcoin, Total Holdings Reach 461,000 BTC

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Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/25/01/42802731/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-2024-where-do-tesla-nvidia-gamestop-trump-media-stocks-rank" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In 2024 — Where Do Tesla, Nvidia, GameStop, Trump Media Stocks Rank?</a>
Here's a look at the Benzinga Stock Whisper Index for the week ending Jan. 17:
Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>): The mobile app technology company was one of the top-performing stocks in 2024 with shares up over 700%. The stock is following up the strong year with a surge in the early days of 2025 and momentum led by<a href="https://www.benzinga.com/quote/APP/analyst-ratings"> several analyst ratings</a> in January. Wells Fargo maintained an Overweight rating and raised the price target from $360 to $366. Benchmark initiated coverage on the stock with a Buy rating and $375 price target. JPMorgan maintained a Neutral rating and raised the price target from $200 to $325. Jefferies maintained a Buy rating and raised the price target from $400 to $425. The company will report fourth-quarter financial results on Feb. 12, which could be an early indictor of how investors feel about the company's future growth. Analysts expect earnings per share to hit $1.24, up from $0.49 in last year's fourth quarter and revenue to hit $1.26 billion, up from $953.2 million in last year's fourth quarter. The company has beaten analyst estimates for earnings per share in six straight quarters and revenue estimates in seven of the last eight quarters.
The stock was up nearly 10% over the last five days, as shown on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011725&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144233/Screenshot-300.png" alt="" class="wp-image-739889" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144233/Screenshot-300.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144233/Screenshot-300-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144233/Screenshot-300-768x386.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>): One of the hottest sectors in 2024 and early 2025 for investors has <a href="https://www.benzinga.com/tech/25/01/42879725/nvidia-ceo-sends-quantum-stocks-lower-poll-finds-over-50-pick-rigetti-or-skip-for-2025">been quantum computing</a>. After a strong performance in 2024, Quantum Computing Inc saw shares fall on comments from NVIDIA CEO Jensen Huang and a short report. The Capybara Research <a href="https://www.benzinga.com/markets/equities/25/01/43052999/quantum-computing-stock-drops-over-3-during-friday-premarket-amid-fraud-allegations">alleges </a>Quantum Computing is using misleading press releases that exaggerate the company's businesses.
"Quantum Deception. QUBT Is a rampant fraud. We are short and think shareholders will be left with nothing when all is done," Capybara Research said.
Huang sent shares of stocks in the sector lower recently when he said that quantum computing applications could be 20 years away. Nvidia later announced its <a href="https://www.benzinga.com/news/25/01/43001201/nvidia-announces-first-ever-quantum-day-at-gtc-2025-days-after-jensen-huang-said-quantum-computing-is-20-years-away">first-ever quantum computing day</a> and a Microsoft executive<a href="https://www.benzinga.com/markets/equities/25/01/42998134/qubt-qbts-up-12-rgti-gains-3-in-wednesday-premarket-quantum-computing-stocks-gain-momentum-after-microsoft-says-we-are-right-on-the-cusp-of-seeing-quantum-computers-solve-meaningful-problems"> shared positive commentary</a> on businesses preparing to be "quantum ready" by 2025.
In a recent Benzinga reader poll, Quantum Computing ranked second among four stocks in the sector that investors would most want to buy for 2025 with 24% of the vote. Beating Quantum Computing was Rigetti Computing Inc. with 33% of the vote.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144253/Screenshot-301.png" alt="" class="wp-image-739890" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144253/Screenshot-301.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144253/Screenshot-301-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144253/Screenshot-301-768x386.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>): Interest in Coinbase is surging over the last week and it could be related to company announcements and<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42981650/why-cryptos-election-spending-spree-signals-a-push-for-regulatory-overhaul"> the pending inauguration</a> of President-elect Donald Trump on Jan. 20. Coinbase <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43028215/coinbase-launches-bitcoin-backed-loans-for-us-users">announced new</a> Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) loans where users can borrow up to $100,000 USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) and access cash without having to sell their cryptocurrency. Coinbase and other cryptocurrency-related companies could benefit from the new White House administration with Trump indicating that he could make Bitcoin <a href="https://www.benzinga.com/25/01/43047039/trump-planning-to-declare-cryptocurrency-as-national-priority-increase-engagement-with-industry-report">a national priority</a> and create a strategic reserve. The price of Bitcoin is trading higher ahead of Trump's inauguration and Coinbase shares are up over 20% in the last five days.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144309/Screenshot-302.png" alt="" class="wp-image-739891" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144309/Screenshot-302.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144309/Screenshot-302-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144309/Screenshot-302-768x388.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Sprouts Farmers Market (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>): The specialty grocery retailer returns to the Stock Market Index after an appearance <a href="https://www.benzinga.com/trading-ideas/24/11/41856335/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-42">back in November</a>. The company, which has over 400 stores in 23 states, will report fourth-quarter financial results likely in February. Analysts expect the company to show earnings per share and revenue growth on a year-over-year basis. The company has beaten analyst estimates for both earnings per share and revenue in three straight quarters. Investors may be looking to the specialty retailer as Robert F. Kennedy Jr. could become the next leader of the Department of Health and Human Services under Trump's administration. Kennedy could push for healthier food options for consumers, which could benefit retailers specializing in healthy food options like Sprouts.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144324/Screenshot-303.png" alt="" class="wp-image-739892" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144324/Screenshot-303.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144324/Screenshot-303-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144324/Screenshot-303-768x386.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>): The media company saw strong interest from readers during the week, which comes as the company has some good news and could also be on watch as an enemy of Trump. Comcast broadcast one of the opening round games of the 2024 NFL Playoffs with the match between the Washington Commanders and Tampa Bay Buccaneers <a href="https://www.benzinga.com/general/sports/25/01/43013529/amazon-scores-record-with-steelers-ravens-nfl-playoffs-stream-how-game-stacks-up-with-other-media-streamers">having an average</a> of 29 million viewers. Comcast will also air the second-round matchup of the Los Angeles Rams and Philadelphia Eagles on Sunday, Jan. 19 at 3 p.m. ET. Comcast and its stock could also be drawing attention with the <a href="https://www.benzinga.com/government/regulations/25/01/42798568/the-death-of-net-neutrality-winners-losers-and-what-it-means-for-the-future-of-the-interne">death of net neutrality</a>, which could benefit the company.
Comcast also caught the attention of Trump recently with the incoming president threatening the company after late-night talk show host Seth Meyers criticized him.
"Comcast should pay a BIG price," Trump said, as reported by <a href="https://deadline.com/2025/01/trump-seth-meyers-nbc-comcast-1236256452/">Deadline</a>.
Trump blasted Comcast previously and threatened to pull their FCC license. Trump's appointee to lead the FCC is Brendan Carr, who is considering challenging networks like Comcast's NBC for featuring Kamala Harris in a "Saturday Night Live" episode and not providing equal time to Trump.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144340/Screenshot-304.png" alt="" class="wp-image-739894" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144340/Screenshot-304.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144340/Screenshot-304-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17144340/Screenshot-304-768x390.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011725&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/24/12/42628286/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-including-qubt-qbts" target="_blank" rel="noreferrer noopener">December 20</a></li>
<li><a href="https://www.benzinga.com/media/24/12/42709387/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">December 27</a></li>
<li><a href="https://www.benzinga.com/25/01/42798998/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">January 3</a></li>
<li><a href="https://www.benzinga.com/25/01/42927075/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">January 10</a></li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43041374/exclusive-how-high-will-sp-500-go-under-donald-trump-in-2025-readers-are-optimistic-26-say-this">EXCLUSIVE: How High Will S&amp;P 500 Go Under Donald Trump In 2025? Readers Are Optimistic, 26% Say This…</a></li>
</ul>

Exclusives

Trading Ideas

CMCSA

QUBT

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

<a href="https://www.axios.com/2025/01/17/coinbase-brian-armstrong-bitcoin-strategic-reserve">https://www.axios.com/2025/01/17/coinbase-brian-armstrong-bitcoin-strategic-reserve</a>
The nation's largest crypto exchange, Coinbase, endorsed the idea of a U.S. <a href="https://www.axios.com/2025/01/02/bitcoin-gold-trump">bitcoin strategic reserve</a> Friday, part of a wide-ranging blog post on "economic freedom" from CEO Brian Armstrong, shared in advance exclusively with Axios.
Why it matters: Armstrong has emerged as the <a href="https://www.axios.com/pro/fintech-deals/2023/07/20/coinbase-crypto-regulatory-brian-armstrong">unofficial spokesperson</a> for the industry in Washington, taking <a href="https://www.axios.com/2023/09/08/coinbase-sec-regulation-investigation-lawsuit">a confrontational approach</a> with its chief regulator that others <a href="https://www.thestreet.com/crypto/markets/crypto-com-sues-sec-challenging-its-jurisdiction-over-digital-assets">have emulated</a>.
<ul>
<li>This is the first time Coinbase has specifically addressed the idea of a strategic bitcoin reserve, doing so just before the second inauguration of Donald Trump and Armstrong's trip to the World Economic Forum.</li>
</ul>
Between the lines: Coinbase, a publicly traded company with a $73 billion market cap, has built up considerable clout over the last two years.
<ul>
<li>It was a leading funder of <a href="https://www.axios.com/2024/11/04/fairshake-pac-23-million-2026-elections">Fairshake</a>, the collection of political action committees that played such a big role in <a href="https://www.axios.com/2024/12/13/jeffries-2026-elections-republican-seats">Congressional elections</a>.</li>
<li>It also backs an advocacy organization called <a href="https://www.standwithcrypto.org/">Stand With Crypto</a>, which claims to have organized over two million people to support the industry.</li>
</ul>
Zoom out: In his <a href="http://coinbase.com/blog/economic-freedom-creates-prosperity-for-all">Coinbase blog post Friday</a>, Armstrong addressed world leaders and policy makers, arguing how crypto can accelerate economic freedom, and warning about the risks of inaction.
<ul>
<li>"Economic growth comes from free market capitalism, deregulation, small government, and technological innovation," he wrote. "If the rest of the G20 wishes to participate in economic prosperity, they would be wise to join the growing trend of embracing economic freedom and free markets."</li>
</ul>
Armstrong calls on world leaders to do four things in the spirt of <a href="https://www.axios.com/2020/08/06/report-how-the-high-tech-economy-is-expanding">tech-optimism</a> in the next year. First, to pass laws that keep crypto firms in their home country.
<ul>
<li>Second, to establish strategic bitcoin reserves. "The next global arms race will be in the digital economy, not space," he writes.</li>
<li>Third, establish special economic zones for the digital asset economy. Another concept we've heard discussed toward this end is regulatory sandboxes.</li>
<li>Finally, make governments more efficient. He specifically cites the effort of the <a href="https://www.axios.com/2024/12/13/donald-trump-elon-musk-doge-democrats">Department of Government Efficiency</a> (DOGE), which has a name that references Elon Musk's favorite cryptocurrency.</li>
</ul>
<h2>A focus on Washington</h2>
Meanwhile, with <a href="https://www.axios.com/2024/05/30/trump-crypto-bitcoin-nfts">Trump's embrace of crypto</a> and <a href="https://www.axios.com/2024/11/29/crypto-trump-regulations-banking">more supporters in Congress</a>, Coinbase and others are thinking now about real priorities for the industry in D.C.
&nbsp;
<ul>
<li>"As a company, we've always been focused about how the crypto markets are as clear as possible. So the rules around market structure as they relate to the CFTC and SEC have always been paramount to us," Faryar Shirzad, the company's policy chief, tells Axios.</li>
<li>A bill along these lines <a href="https://www.axios.com/2024/05/22/crypto-legislation-fit21-house-passes">reached the Senate</a> last year, one of the first digital assets bills to even get a vote in a Congressional chamber.</li>
<li>As to the specifics of how a strategic bitcoin reserve should be organized — the nation could simply opt <a href="https://www.axios.com/2024/07/27/trump-bitcoin-strategic-reserve-fire-gary-gensler-nashville">hold onto what it already has</a>, or begin <a href="https://www.axios.com/2024/08/07/the-bitcoin-bill-crypto">buying bitcoin</a> to be held by the Treasury — the company is leaving those details to policymakers for now, according to Shirzad.</li>
</ul>
Behind the scenes: Armstrong has now had two private meetings with Trump so far, according to sources with knowledge of those meetings. Once before the election and once after.
<ul>
<li>Trump seemed highly engaged and interested in the discussions, though the specific points they covered were not known.</li>
</ul>
The bottom line: "Crypto adoption and usage has reached escape velocity," Armstrong wrote Friday.

'Coinbase Endorses Strategic Bitcoin Reserve' - Axios

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>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$255.00</td>
<td>$27.3K</td>
<td>5.5K</td>
<td>13.7K</td>
</tr>
<tr>
<td>CTLP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$64.6K</td>
<td>1.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/17/27</td>
<td>$77.50</td>
<td>$240.8K</td>
<td>273</td>
<td>261</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$690.00</td>
<td>$26.1K</td>
<td>119</td>
<td>164</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$70.00</td>
<td>$194.8K</td>
<td>393</td>
<td>113</td>
</tr>
<tr>
<td>AGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$90.00</td>
<td>$30.8K</td>
<td>198</td>
<td>77</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• 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 bullish, is expiring today. Parties traded 390 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $70.0 per contract. There were 5528 open contracts at this strike prior to today, and today 13744 contract(s) were bought and sold. 
• For CTLP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTLP#NASDAQ">CTLP</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 1115 contract(s) at a $7.50 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 $64.6K, with a price of $58.0 per contract. There were 1257 open contracts at this strike prior to today, and today 1157 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 trade with bullish sentiment. It expires in 881 day(s) on June 17, 2027. Parties traded 160 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $240.8K, with a price of $1505.0 per contract. There were 273 open contracts at this strike prior to today, and today 261 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 neutral, expiring in 728 day(s) on January 15, 2027. This event was a transfer of 5 contract(s) at a $690.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $5225.0 per contract. There were 119 open contracts at this strike prior to today, and today 164 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 put option sweep with bearish sentiment. It expires in 119 day(s) on May 16, 2025. Parties traded 112 contract(s) at a $70.00 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 $194.8K, with a price of $1740.0 per contract. There were 393 open contracts at this strike prior to today, and today 113 contract(s) were bought and sold. 
• Regarding AGO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGO#NYSE">AGO</a>), we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on February 21, 2025. Parties traded 77 contract(s) at a $90.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $400.0 per contract. There were 198 open contracts at this strike prior to today, and today 77 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.

Options

AFRM

CTLP

6 Financials Stocks Whale Activity In Today's Session

Financial giants have made a conspicuous bullish 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 72 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $3,898,792, and 56 were calls, valued at $6,650,647.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $660.0 for Coinbase Glb over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $2.5 to $660.0 in the last 30 days. 
<h3>Coinbase Glb Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737130528_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$247.35</td>
<td>$247.35</td>
<td>$247.35</td>
<td>$50.00</td>
<td>$742.0K</td>
<td align="right">62</td>
<td align="right">0</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/24/25</td>
<td>$85.3</td>
<td>$83.2</td>
<td>$84.85</td>
<td>$380.00</td>
<td>$636.3K</td>
<td align="right">0</td>
<td align="right">167</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$186.55</td>
<td>$186.6</td>
<td>$186.55</td>
<td>$480.00</td>
<td>$578.0K</td>
<td align="right">0</td>
<td align="right">28</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$74.45</td>
<td>$73.15</td>
<td>$74.4</td>
<td>$350.00</td>
<td>$297.6K</td>
<td align="right">483</td>
<td align="right">40</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$107.4</td>
<td>$106.5</td>
<td>$107.4</td>
<td>$195.00</td>
<td>$279.6K</td>
<td align="right">328</td>
<td align="right">75</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.
In light of the recent options history for Coinbase Glb, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Coinbase Glb's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 4,783,410, the COIN's price is up by 5.11%, now at $296.03. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 27 days.</li>
</ul>
<h3>What The Experts Say On Coinbase Glb</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $297.8.
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; Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Coinbase Glb, targeting a price of $285. 
&#x2A; Consistent in their evaluation, an analyst from Keefe, Bruyette &amp; Woods keeps a Market Perform rating on Coinbase Glb with a target price of $275. 
&#x2A; An analyst from Goldman Sachs persists with their Neutral rating on Coinbase Glb, maintaining a target price of $340. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for Coinbase Glb, targeting a price of $255. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Coinbase Glb, which currently sits at a price target of $334. 
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.

Decoding Coinbase Glb's Options Activity: What's the Big Picture?

Oppenheimer analyst Owen Lau maintains Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Outperform and lowers the price target from $358 to $334.

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on Coinbase Glb, Lowers Price Target to $334

WIIM

BITF

CIFR

CLSK

IREN

MSTB

WULF

Shares of crypto stocks and Bitcoin miners are trading higher amid a rise in Bitcoin.

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>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$80.00</td>
<td>$42.2K</td>
<td>5.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>USB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$48.50</td>
<td>$26.0K</td>
<td>1.3K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/24/25</td>
<td>$134.00</td>
<td>$26.0K</td>
<td>1.0K</td>
<td>922</td>
</tr>
<tr>
<td>FLG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$9.00</td>
<td>$26.3K</td>
<td>3.5K</td>
<td>319</td>
</tr>
<tr>
<td>ALL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$190.00</td>
<td>$27.5K</td>
<td>1.3K</td>
<td>224</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$315.00</td>
<td>$60.5K</td>
<td>144</td>
<td>174</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$28.00</td>
<td>$46.6K</td>
<td>2.6K</td>
<td>129</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$625.00</td>
<td>$58.1K</td>
<td>3</td>
<td>61</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$62.50</td>
<td>$40.2K</td>
<td>268</td>
<td>60</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$210.00</td>
<td>$27.2K</td>
<td>5.9K</td>
<td>40</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• 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 64 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $80.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $211.0 per contract. There were 5897 open contracts at this strike prior to today, and today 1663 contract(s) were bought and sold. 
• Regarding USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on January 17, 2025. Parties traded 1128 contract(s) at a $48.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $23.0 per contract. There were 1346 open contracts at this strike prior to today, and today 1467 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on January 24, 2025. This event was a transfer of 100 contract(s) at a $134.00 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 $26.0K, with a price of $262.0 per contract. There were 1018 open contracts at this strike prior to today, and today 922 contract(s) were bought and sold. 
• Regarding FLG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>), we observe a call option trade with bearish sentiment. It expires in 91 day(s) on April 17, 2025. Parties traded 246 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $26.3K, with a price of $107.0 per contract. There were 3596 open contracts at this strike prior to today, and today 319 contract(s) were bought and sold. 
• For ALL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), we notice a call option sweep that happens to be bullish, expiring in 91 day(s) on April 17, 2025. This event was a transfer of 27 contract(s) at a $190.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $1020.0 per contract. There were 1342 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 15 day(s) on January 31, 2025. Parties traded 100 contract(s) at a $315.00 strike. The total cost received by the writing party (or parties) was $60.5K, with a price of $605.0 per contract. There were 144 open contracts at this strike prior to today, and today 174 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on January 17, 2025. This event was a transfer of 25 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $46.6K, with a price of $1867.0 per contract. There were 2637 open contracts at this strike prior to today, and today 129 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a put option sweep that happens to be bearish, expiring in 64 day(s) on March 21, 2025. This event was a transfer of 20 contract(s) at a $625.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $58.1K, with a price of $2910.0 per contract. There were 3 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold. 
• Regarding AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on January 17, 2025. Parties traded 35 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $40.2K, with a price of $1150.0 per contract. There were 268 open contracts at this strike prior to today, and today 60 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 trade with bearish sentiment. It expires in 365 day(s) on January 16, 2026. Parties traded 40 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $680.0 per contract. There were 5957 open contracts at this strike prior to today, and today 40 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.

HOOD

10 Financials Stocks With Whale Alerts In Today's Session

Crypto exchange Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) has launched a new service allowing U.S. customers (excluding in the state of New York) to borrow (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) against <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42142159/bitcoin-paying-for-your-mortgage-one-company-enables-it-but-theres-a-catch">their Bitcoin holdings</a>.
This new offering allows users to access liquidity without selling their Bitcoin, providing instant loans with flexible repayment terms and competitive interest rates powered by Morpho, an open-source lending protocol on Coinbase&#8217;s Layer-2 blockchain Base.
The loans are disbursed instantly in USDC, offering flexible repayment options and competitive interest rates set dynamically by Morpho&#8217;s open market lending pool.
&#8220;Getting a Bitcoin-backed loan on Coinbase is now easier and faster than ever. In under a minute, you can get a loan in USDC without ever having to sell your bitcoin,&#8221; the company stated.
This development aims to bridge the gap between holding crypto assets for the future and accessing funds for immediate needs.
When a user borrows USDC against their Bitcoin, the collateral is automatically converted to Coinbase Wrapped Bitcoin (cbBTC) on a 1:1 basis and transferred to the Morpho protocol.
This cbBTC, which was launched in September to allow customers to move and use their Bitcoin on-chain, remains within the Coinbase ecosystem while being used as collateral.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43026792/bitcoin-consolidates-around-99000">Bitcoin Consolidates Around $99,000 After $750 Million ETF Inflows On Wednesday</a>
Users can borrow up to $100,000 USDC, depending on the amount of Bitcoin they pledge as collateral. 
The interest rates are variable and adjusted in real-time by Morpho based on market conditions, changing dynamically with each block creation on the Base blockchain. 
The loan terms offer users flexibility in repayment, with no fixed repayment schedule, while users can monitor their loan status via the Coinbase app. 
Users will be subject to liquidation if the loan amount, including accrued interest, reaches a predetermined level compared to their collateral value.
Coinbase emphasizes the benefits of borrowing against Bitcoin rather than selling it, citing potential tax advantages in delaying capital gains or losses. 
The launch of these Bitcoin-backed loans marks another step in Coinbase&#8217;s effort to empower customers with &#8220;greater control over their financial lives,&#8221; according to Coinbase. 
By combining the accessibility of Coinbase with the transparent, decentralized features of on-chain protocols, the company aims to offer &#8220;vastly improved financial services.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43014100/akash-network-founder-reveals-unexpected-ai-energy-crisis">Akash Network Founder Reveals Unexpected AI Energy Crisis Driving Decentralized Cloud Adoption</a></li>
</ul>
Image: Shutterstock

Coinbase Launches Bitcoin-Backed Loans For US Users

BTDR

HIVE

Shares of crypto stocks and Bitcoin miners are trading higher after Bitcoin rose following softer-than-expected December core CPI.

The 2024 election cycle was a showcase of the cryptocurrency industry&#8217;s new, aggressive approach to political influence, and now this investment aims to reap rewards in the form <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962279/trump-could-sign-crypto-related-executive-orders-on-day-1-report">of regulatory changes</a>.
The industry&#8217;s massive spending wasn&#8217;t just about backing friendly candidates; it was a calculated attempt to reshape the regulatory landscape. 
This means the &#8220;so what&#8221; is that the industry seeks to replace those they view as hostile regulators with policymakers more aligned with its growth ambitions.
This was particularly driven by Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and venture firm Andreessen Horowitz who were the biggest financial backers of the pro-crypto <a href="https://www.benzinga.com/content/42200248/ripple-donates-25-million-more-to-crypto-super-pac-fairshake">Fairshake super PAC</a>, which spent $173 million during the last election.
The &#8220;why&#8221; behind such hefty spending is crystal clear: to oust regulators viewed as &#8220;overzealous,&#8221; like Sherrod Brown (D-Ohio), against whom the PAC spent $40 million alone, and shift the focus from risk mitigation to nurturing the industry&#8217;s development.
Coinbase's recent call for President-elect Donald Trump and the new Republican Congress to establish the Commodity Futures Trading Commission (CFTC) as the primary crypto regulator signals a major push for change. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42973241/will-el-salvador-install-bitcoin-nodes-in-every-household">Will El Salvador Install Bitcoin Nodes In Every Household?</a>
Emilie Choi, Coinbase's president and COO has made it clear that the company is looking for basic rules for the industry and an end to what they perceive to be a "regulation by enforcement" approach, Politico <a href="https://www.politico.com/news/2025/01/14/crypto-industry-plans-remake-washington-00198012">reported</a> on Tuesday.
The &#8220;so what&#8221; is that Coinbase and the industry are looking for a future where rules are clear, regulation is predictable and are hoping to have a more favorable environment in the new administration. 
While the Biden administration had been critical, particularly following the FTX scandal, Trump&#8217;s views have evolved. 
He previously dismissed crypto, but he has now embraced the industry as well as stacking his incoming administration with crypto enthusiasts, like Paul Atkins, who will chair the SEC, and David Sacks who will advise on both AI and crypto, signaling a likely paradigm shift in the regulatory environment.
Coinbase&#8217;s actions demonstrate a clear understanding that policy isn&#8217;t a passive process, but requires active engagement. 
As Choi herself said, the industry realized that success &#8220;was not going to happen naturally,&#8221; prompting them to &#8220;mobilize&#8221; and &#8220;make sure this actually happened." 
This is why they have recently funneled a further $25 million into Fairshake. 
This aggressive approach is a signal to the political establishment that the crypto industry intends to be a long-term player in the political arena and a major force to be reckoned with.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42969737/bitcoin-rebounds-to-96500-defies-284m-etf-outflows-heres-what-experts-see-happening-next">Bitcoin Rebounds To $96,500, Defies $284M ETF Outflows: Here&#8217;s What Experts See Happening Next</a></li>
</ul>
Image: Shutterstock

Why Crypto's Election Spending Spree Signals A Push For Regulatory Overhaul

BTBT

BTCS

BTCT

Core Scientific, Inc. - Class A Common Stock

CORZ

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

Shares of crypto-related companies are trading higher following softer-than-expected December inflation data.

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 14 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 35% bearish. Among these notable options, 3 are puts, totaling $1,172,579, and 11 are calls, amounting to $473,652.
<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 $250.0 to $350.0 for Coinbase Glb during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</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 $250.0 to $350.0 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/2025/1736865956_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/07/25</td>
<td>$89.0</td>
<td>$88.35</td>
<td>$89.0</td>
<td>$350.00</td>
<td>$943.4K</td>
<td>6</td>
<td align="right">106</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/24/25</td>
<td>$7.95</td>
<td>$7.6</td>
<td>$8.0</td>
<td>$252.50</td>
<td>$203.1K</td>
<td>139</td>
<td align="right">257</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.0</td>
<td>$4.85</td>
<td>$4.85</td>
<td>$270.00</td>
<td>$85.3K</td>
<td>3.7K</td>
<td align="right">388</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.85</td>
<td>$5.45</td>
<td>$5.73</td>
<td>$265.00</td>
<td>$57.3K</td>
<td>2.1K</td>
<td align="right">142</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.85</td>
<td>$5.45</td>
<td>$5.69</td>
<td>$265.00</td>
<td>$56.9K</td>
<td>2.1K</td>
<td align="right">242</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 416,120, the COIN's price is up by 4.23%, now at $261.82. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 30 days.</li>
</ul>
<h3>What Analysts Are Saying About Coinbase Glb</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $288.75.
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; Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Coinbase Glb with a target price of $285. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Coinbase Glb, targeting a price of $340. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for Coinbase Glb, targeting a price of $275. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for Coinbase Glb, targeting a price of $255. 
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.

Coinbase Glb's Options: A Look at What the Big Money is Thinking

The <a href="https://www.benzinga.com/topic/mark-zuckerberg">shareholders</a> of Mark Zuckerberg&#8217;s Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have reportedly requested its Board of Directors to conduct an assessment and determine if adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the company&#8217;s treasury will be in the best interest of the company.
What Happened: This request for assessment follows a proposal submitted by the company&#8217;s shareholder Ethan Peck.
Peck is a deputy director for the National Center for Public Policy Research's &#8216;Free Enterprise Project&#8217;, which is the conservative movement's only full-service shareholder activism and education program. The organization has also submitted similar proposals to Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as well.
Meta did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
Tim Kotzman, the CEO and founder of Jubilee Royalty, shared a copy of this proposal in an X post dated Jan. 11.
<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">A <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Treasury Shareholder Proposal has been submitted to Meta. The shareholder, Ethan Peck, who is an employee at The National Center for Public Policy Research &#8211; the organization that submitted to <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> &amp; <a href="https://twitter.com/search?q=%24AMZN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMZN</a> &#8211; informed me he submitted on behalf of his family's shares. <a href="https://t.co/KrAKw7nHwp">pic.twitter.com/KrAKw7nHwp</a>
&mdash; Tim Kotzman (@TimKotzman) <a href="https://twitter.com/TimKotzman/status/1877801644601061406?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meta, the owner of WhatsApp and Instagram, reported in its third-quarter filing that it holds $72 billion in cash, cash equivalents, and marketable securities, including U.S. Treasuries and corporate bonds.
The proposal suggests that some part of this money should be deployed in the &#8220;inflation-resistant store of value&#8221; Bitcoin. It also quotes BlackRock, which is the second-largest institutional investor in Meta, saying that &#8220;a 2% Bitcoin allocation is reasonable&#8221;. 
What Does It Mean For Investors: If Meta diversifies its holdings into Bitcoin, it could help the company earn higher profitability if the cryptocurrency&#8217;s price appreciates. Thus, it boosts the earnings from holding the asset, which will be beneficial for investors and shareholders. The proposal also highlighted that the largest holder of Bitcoin MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has outperformed Meta by 2191% over the last five years
Other U.S corporates like Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Galaxy Digital Holdings, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) along with MSTR are the top five public companies that hold Bitcoin reserves.
See Also: <a href="https://www.benzinga.com/25/01/42908280/intel-aims-for-cpu-market-share-growth-ai-breakthroughs-citi-reiterates-neutral-as-new-ceo-appointment-expected-in-coming-months">Intel Stock Has Fallen Over 58% In 1 Year, But Citi Maintains &#8216;Neutral&#8217; Rating On Expected Replacement Of Pat Gelsinger In A &#8216;Couple Of Months&#8217; </a>
Why It Matters: In May 2021, Zuckerberg named his <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21051620/facebook-ceo-mark-zuckerberg-sparks-bitcoin-speculation-as-he-reveals-the-name-of-his-pet-">pet goats</a> &#8216;Bitcoin&#8217; and &#8216;Max&#8217;, which fueled cryptocurrency speculation, particularly on X (formerly Twitter).
While it wasn&#8217;t a direct investment signal, the playful gesture ignited widespread discussion about Zuckerberg&#8217;s potential entry into the Bitcoin market, which ultimately did not occur.
In a 2023 <a href="https://www.youtube.com/watch?v=LY0iGhv3Jnc">podcast</a> named &#8216;What Bitcoin Did&#8217; by Peter McCormack, the <a href="https://www.benzinga.com/markets/cryptocurrency/22/05/27183376/former-meta-crypto-chief-launches-bitcoin-payments-company">former head</a> of the Facebook Libra project, David Marcus was asked if Zuckerberg had any affinity with Bitcoin. Marcus said, &#8220;He likes Bitcoin."
However, Meta&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/20/12/18599912/the-libra-cryptocurrency-rebrands-as-diem">Diem </a>cryptocurrency project, previously known as Libra, was abandoned in 2022. Diem aimed to be a stablecoin, a type of cryptocurrency pegged to stable assets like national currencies to minimize price fluctuations. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/01/42938954/michael-saylors-microstrategy-faces-risk-if-mstrs-0-convertible-bond-lenders-recall-non-recourse-loans-due-to-covenant-breach-heres-what-it-means-for-investors">Michael Saylor&#8217;s MicroStrategy Faces Risk If MSTR&#8217;s 0% Convertible Bond Lenders Recall Non-Recourse Loans Due To Covenant Breach: Here&#8217;s What It Means For Investors</a></li>
</ul>
Image via Shutterstock

Equities

Market Summary

General

AMZN

MSFT

Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here's What It Means For Investors

Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) secured a partial victory against the Securities and Exchange Commission when a federal appeals court ruled the agency&#8217;s denial of crypto rulemaking was &#8220;arbitrary and capricious,&#8221; while stopping short of forcing new regulations.
What Happened: In a Monday opinion, the U.S. Court of Appeals for the Third Circuit criticized the SEC&#8217;s handling of Coinbase&#8217;s 2022 petition requesting clear rules for digital assets. 
The three-judge panel ordered the agency to better explain its rejection of the petition but declined to mandate immediate rulemaking proceedings.
Judge Thomas Ambro wrote that the SEC&#8217;s original denial lacked sufficient reasoning. In a separate concurrence, Judge Stephanos Bibas warned that &#8220;sporadically enforcing ill-fitting rules against crypto companies that are trying to follow the law&#8221; could effectively ban an entire industry.
The ruling comes amid broader tensions between the crypto industry and the SEC. The agency filed a separate enforcement action against Coinbase in June 2023, alleging it operated as an unregistered securities exchange. That case is currently under appeal in the Second Circuit.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962446/bitcoin-ethereum-xrp-dogecoin-reverse-red-monday-on-bullish-trump-news">Bitcoin, Ethereum, XRP, Dogecoin Reverse &#8216;Red Monday&#8217; On Bullish Trump News</a>
Why It Matters: The court noted it would only mandate agency rulemaking in cases of &#8220;extreme delay that endangers human lives,&#8221; not primarily economic concerns. The decision requires the SEC to provide a more detailed explanation for its rejection of Coinbase&#8217;s petition.
The ruling adds pressure on the SEC, which is currently pursuing several high-profile enforcement cases against crypto firms including Ripple Labs and Binance, while facing industry criticism over its regulatory approach to digital assets.
Price Action: Coinbase Global stock closed at $251.20 on Monday, down 2.93% for the day. After hours, the stock rose by 1.67%. Over the past year, Coinbase&#8217;s stock has surged by 87.63%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42965795/tom-lee-forecasts-bitcoin-could-dip-to-50k-but-maintains-long-term-target-of-250k-amid-market-volatility">Tom Lee Forecasts Bitcoin Could Dip To $50K But Maintains Long-Term Target Of $250K Amid Market Volatility</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Coinbase Wins Partial Victory In SEC Regulatory Challenge, Court Calls Agency's Stance 'Arbitrary'

Traders adopted a cautious approach on Monday as they awaited two critical inflation reports due later this week, seeking clarity on Federal <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42953940/tuesdays-producer-inflation-report-could-stoke-market-volatility-as-fed-path-remains-unclear">Reserve interest rate policy. </a>
Additionally, the kickoff of earnings season, led by major banks on Wednesday, added to <a href="https://www.benzinga.com/markets">the market&#8217;s subdued tone.</a>
The S&amp;P 500 and Nasdaq 100 edged lower, continuing Friday&#8217;s downturn sparked by unexpectedly strong jobs data. The lack of &#8220;buy-the-dip&#8221; enthusiasm in the tech-heavy indices signaled lingering uncertainty among investors.
In contrast, the Dow Jones Industrial Average eked out a gain, buoyed by a rally in energy stocks. Rising oil prices provided a key lift, as West Texas Intermediate (WTI) crude oil surged over 3% to approach $78 per barrel — a level last seen in mid-August 2024. The spike followed U.S. sanctions on Russian crude exports announced on Friday, which shifted market expectations around supply and demand.
Treasury yields extended their ascent, with the 10-year yield climbing to 4.79% and the 30-year yield rising to 4.97%, reflecting heightened expectations for tighter monetary policy. Bank of America Securities launched a bombshell indicating rising risks towards a rate hike as the next Fed move.
Commodity markets saw mixed action. Gold endured its sharpest daily loss in nearly a month, falling more than 1% as rising yields weighed on the precious metal. Meanwhile, copper staged a modest rebound, gaining 0.8% after a 0.5% decline last Friday.
Cryptocurrencies faced renewed volatility, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunging 3% to dip below $92,000, briefly touching a two-month low. The ripple effects extended to crypto-linked equities: MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) slid more than 3%, while Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) dropped nearly 4%.
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day chg. %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,144.04</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,822.92</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,183.39</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,739.92</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% lower to $579.98.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.7% to $422.03.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.6% to $504.44.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dipped 0.3% to $216.19.</li>
<li>The&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.3%; the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.1%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Major oil &amp; gas giants rallying on Monday include Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 5%, Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) up 3.9%, and Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) up 3.5%.</li>
<li>Health insurance companies surged after a government proposal suggested increased payments for Medicare Advantage plans in 2026, lifting sentiment across the sector.</li>
<li>Shares of Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) rose 7.8%, CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) followed closely with a 6.9% jump, while UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) saw a 4.8% increase.+</li>
<li>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) dropped 2.7% to $132.19 as the AI chipmaker urged President-elect Donald Trump to oppose Biden administration regulations on AI technology. Meanwhile, HSBC cut its price target from $195 to $185 but reaffirmed its Buy rating.</li>
<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) plummeted 20% after projecting 2025 revenue of $1.5 billion to $2.5 billion, missing analysts&#8217; estimates of $2.92 billion. The company also announced it would fast-track its cost-cutting measures.</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) fell 12% as authorities investigated whether equipment from its subsidiary, Southern California Edison, played a role in sparking the Hurst fire in Los Angeles.</li>
</ul>
Read Now: 
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<li><a href="https://www.benzinga.com/25/01/42948649/goldman-sachs-warns-of-90-oil-risk-trump-may-not-ease-sanctions-once-he-takes-office">Oil Could Hit $90, Goldman Sachs Says: &#8216;Trump May Not Ease Sanctions&#8217; On Russia</a></li>
</ul>
Photo: Ryan DeBerardinis via Shutterstock

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