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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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Coinbase alerta sobre un nuevo invierno cripto y reduce previsiones de ingresos y EBITDA para el 1T 2025. Las acciones suben ligeramente.

Coinbase advierte sobre un nuevo invierno cripto mientras recorta previsiones para el primer trimestre

Cathie Wood Bets On Baidu As Chinese AI Buzz Intensifies, Ark Loads Up On $12.4 Million Worth Of Stock

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Ark Invest realiza millonarias compras en Amazon, Nvidia y Coinbase en medio de caídas bursátiles y nuevos aranceles.

Ark Invest compra acciones de Amazon pese a caída y lanza apuesta de 5,76 millones

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HOOD

El jueves, Ark Invest de Cathie Wood realizó importantes intercambios, centrándose en la adquisición de acciones de Robinhood Markets Inc (NASDAQ:HOOD), Coinbase Global Inc (NASDAQ:COIN

Ark Invest apuesta por Robinhood (HOOD), Coinbase (COIN) y Tempus AI (TEM)

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COINSILIUM GROUP LTD ORD by Coinsilium Group Ltd.

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These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares jumped 27.23% after the company reported better-than-expected first-quarter sales results and issued second-quarter <a href="https://www.benzinga.com//node/44978234" target="_blank" rel="noreferrer noopener">sales guidance above estimates</a>. Analysts revised the<a href="https://www.benzinga.com/quote/mbly/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast on the stock</a>.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares rose 22.82%.</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) stock rocketed 22.42% after the company reported better-than-expected financial results and <a href="https://www.benzinga.com//node/44986106" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares were up 21.60%, probably amid overall market strength due to March&#8217;s strong durable goods orders economic data and President Trump&#8217;s announcement that he met with China.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) stock gained 20.26% last week amid recent defense partnerships.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares increased 20.08% as broader financial sector stocks gained amid overall market strength.</li>
<li>Coinbase Global, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock was up 19.77% after the company expanded its partnership with PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>). The partnership aims to increase the <a href="https://www.benzinga.com//node/44991653" target="_blank" rel="noreferrer noopener">adoption and utility</a> of PayPal&#8217;s U.S. dollar-backed stablecoin (CRYPTO: PYUSD).</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock upped 18.77% after the company reported better-than-expected financial results and raised <a href="https://www.benzinga.com//node/44953772" target="_blank" rel="noreferrer noopener">its full-year sales guidance</a>.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock gained 18.06% last week. The company reported <a href="https://www.benzinga.com//node/44937440" target="_blank" rel="noreferrer noopener">underwhelming Q1 results</a>, but the hype about a low-cost EV and Robotaxi had a positive impact.</li>
<li>Entegris, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>) stock gained 17.46% last week as shares of semiconductor companies gained amid overall market strength.</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) shares rose 16.94%.</li>
</ol>
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Tech

ENTG

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MCHP

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PYPL

RDDT

SOFI

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Tesla, Palantir And Coinbase Are Among Top 11 Large-Cap Gainers Last Week (Apr 21-Apr 25): Are The Others In Your Portfolio?

Financing

RIOT

CORRECTION: Riot Platforms Entered $100M Credit Agreement With Coinbase On April 22, 2025

Markets momentarily flipped southward on Friday after President Donald Trump said he would maintain tariffs on China unless <a href="https://www.benzinga.com/topic/donald-trump">substantial concessions were made. </a>
Speaking aboard Air Force One on his way to Rome for Pope Francis&#8217; funeral, Trump said he would not ease tariffs without &#8220;something substantial&#8221; from China, stressing the need to &#8220;open China&#8221; for American businesses. 
&#8220;We almost got it and then they backed out of that deal,&#8221; he said, adding that Chinese officials &#8220;don&#8217;t want it open&#8221; but that opening the Chinese market would be a &#8220;big win.&#8221;
Tariffs, Trump said, are key to restoring U.S. economic strength. 
&#8220;Because of tariffs, I could possibly get that,&#8221; he said. &#8220;We&#8217;re going to make—we&#8217;ll be making five billion a day,&#8221; adding that the U.S. had been losing billions daily under previous administrations.
&#8220;We&#8217;ll be reasonable, very reasonable,&#8221; Trump said. 
&#8220;We set the price.&#8221; 
Responding to questions about whether markets were adjusting to tariffs, Trump said he believed they were, adding, "I said there'd be a transition. People haven't understood it. Now they're starting to understand."
<h3 class="wp-block-heading">Stocks Retreat After Rally</h3>
Markets reacted swiftly to Trump&#8217;s comments. The S&amp;P 500 – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – fell 0.6% in reaction to Trump&#8217;s comments, before quickly recovering.
The Dow Jones Industrial Average shed 200 points, dropping to 39,933 by 2:00 p.m. ET, while the Nasdaq 100 retreated from 19,500 to 19,290, before both bounced back.
In the initial reaction to Trump&#8217;s remarks, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) lost 1.8%, Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) declined 1.7% and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 1.4%, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), slipped 1.3%, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a> platform.
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</ul>
Photo: noamgalai/Shutterstock

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Regulations

SHOP

Markets Wobble As Trump Rejects Dropping China Tariffs Without Deal

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. 
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>SCHW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/02/25</td>
<td>$84.00</td>
<td>$44.0K</td>
<td>226</td>
<td>4.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$42.00</td>
<td>$96.3K</td>
<td>33.7K</td>
<td>3.1K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$20.00</td>
<td>$30.0K</td>
<td>40</td>
<td>2.0K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/25/25</td>
<td>$46.00</td>
<td>$39.5K</td>
<td>7.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>WAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$80.00</td>
<td>$39.0K</td>
<td>52</td>
<td>400</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$300.00</td>
<td>$33.2K</td>
<td>1.7K</td>
<td>333</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$45.00</td>
<td>$26.1K</td>
<td>563</td>
<td>281</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$70.00</td>
<td>$105.0K</td>
<td>1.3K</td>
<td>252</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$125.00</td>
<td>$346.2K</td>
<td>1.3K</td>
<td>250</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$55.00</td>
<td>$34.3K</td>
<td>826</td>
<td>79</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on May 2, 2025. This event was a transfer of 4000 contract(s) at a $84.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $11.0 per contract. There were 226 open contracts at this strike prior to today, and today 4033 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on May 16, 2025. This event was a transfer of 3000 contract(s) at a $42.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $96.3K, with a price of $32.0 per contract. There were 33781 open contracts at this strike prior to today, and today 3143 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 84 day(s) on July 18, 2025. Parties traded 1000 contract(s) at a $20.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $30.0 per contract. There were 40 open contracts at this strike prior to today, and today 2000 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 neutral, is expiring today. Parties traded 100 contract(s) at a $46.00 strike. The total cost received by the writing party (or parties) was $39.5K, with a price of $395.0 per contract. There were 7269 open contracts at this strike prior to today, and today 1910 contract(s) were bought and sold. 
• For WAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), we notice a call option sweep that happens to be bearish, expiring in 147 day(s) on September 19, 2025. This event was a transfer of 100 contract(s) at a $80.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 52 open contracts at this strike prior to today, and today 400 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 sweep with bearish sentiment. It expires in 147 day(s) on September 19, 2025. Parties traded 26 contract(s) at a $300.00 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 $33.2K, with a price of $1280.0 per contract. There were 1744 open contracts at this strike prior to today, and today 333 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on May 16, 2025. Parties traded 30 contract(s) at a $45.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $870.0 per contract. There were 563 open contracts at this strike prior to today, and today 281 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option sweep that happens to be bearish, expiring in 112 day(s) on August 15, 2025. This event was a transfer of 250 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 $105.0K, with a price of $420.0 per contract. There were 1354 open contracts at this strike prior to today, and today 252 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a put option trade with bearish sentiment. It expires in 266 day(s) on January 16, 2026. Parties traded 250 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $346.2K, with a price of $1385.0 per contract. There were 1392 open contracts at this strike prior to today, and today 250 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 bullish sentiment. It expires in 21 day(s) on May 16, 2025. Parties traded 44 contract(s) at a $55.00 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 $34.3K, with a price of $780.0 per contract. There were 826 open contracts at this strike prior to today, and today 79 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.

Options

AFRM

SCHW

UPST

10 Financials Stocks With Whale Alerts In Today's Session

<ul>
<li>Base creator Jesse Pollak does not appear to be afraid of offending traders in his quest to defend a controversial token experiment by the project.</li>
<li>A Pump.fun co-founder has pushed back against Pollak&#8217;s statement.</li>
<li>Base says it wants to drive an on-chain content revolution.</li>
</ul>
Over the past few days, the team behind Base, the Coinbase Global-incubated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Ethereum Layer 2 blockchain, <a href="https://finance.yahoo.com/news/coinbase-hot-water-over-12-130000410.html">has come under fire</a> over a supposed token experiment that briefly left some market speculators holding the bag. But instead of making concessions or apologizing, the Base team, particularly its lead developer Jesse Pollak, is doubling down.&nbsp;
<h2 class="wp-block-heading">Creators Over Traders</h2>
Pollak does not appear to be afraid of offending traders in his quest to defend Base&#8217;s controversial token experiment. As part of an X post storm he has whipped up to defend the Base team&#8217;s actions, the blockchain developer <a href="https://x.com/jessepollak/status/1914338202728665332?t=iaGRzxjQ2B8iYPl1uEYp7g&amp;s=19">said</a> on Monday that creators, not traders, are the priority of the blockchain.
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&#8220;Trading is downstream of creativity. volume is downstream of creativity. growth is downstream of creativity. my #1 priority is growing creators and creativity onchain, everything else will take care of itself,&#8221; he wrote.
Unsurprisingly, the statement has sparked pushback. Reacting to Pollak&#8217;s statements, Alon Cohen, co-founder of popular Solana memecoin launchpad Pump.fun, <a href="https://x.com/a1lon9/status/1914421121350570333?t=rJiL3DWUeADfGudW0dlPew&amp;s=19">argued</a> that traders trumped creators and developers in crypto.
&#8220;If traders don&#8217;t see value, creators &amp; devs don&#8217;t eat and go elsewhere. so if you&#8217;re tokenizing anything, traders come first,&#8221; he wrote&nbsp;
But Pollak doubled down.
&#8220;I love traders, but our north star is helping creators and developers build their dreams &#8211; everything else is downstream of that,&#8221; he <a href="https://x.com/jessepollak/status/1914425838378045737?t=cunIFCj_qfuvGqmN6PN7TQ&amp;s=19">responded</a>.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
The back and forth culminated in a one-month wager on the prospect of Base&#8217;s success with this philosophy.
<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">happy to &#8211; i&#39;ll still be focused on creators and developers!
&mdash; jesse.base.eth (@jessepollak) <a href="https://twitter.com/jessepollak/status/1914427270242164887?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">&#8216;Contentcoin&#8217;</h2>
Last week, Base&#8217;s official X account <a href="https://x.com/base/status/1912584945127813533?t=yI8bVEk4SdbwJNV81vB3iQ&amp;s=19">shared</a> an image with the caption &#8220;Base is for everyone,&#8221; following up a minute later with <a href="https://x.com/base/status/1912585069811863765?t=-XdA1q3YPLWPNsMGZFoucg&amp;s=19">another post</a> stating &#8220;coined it,&#8221; linking to Zora, an on-chain social network backed by Coinbase that tokenizes content, where users could purchase a token based on the post.
Unsurprisingly, many did. The token&#8217;s value quickly soared to $17 million. But just as speculators started to ride the high, the token quickly crashed 96% to around $720,000, leaving many holding the bag.&nbsp;
The crash came as early buyers <a href="https://basescan.org/address/0x099246ca997acf47ada682c9c60f9ed0954ad960">dumped</a> en masse as Base <a href="https://zora.co/coin/base:0x6977d841d7b013c9f45ea20c2d79d5380460a0d4?referrer=0x9652721d02b9db43f4311102820158abb4ecc95b">continued to create</a> new tokens, splitting attention and triggering confusion.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
In the aftermath of the chaos, the Base team <a href="https://x.com/base/status/1912644784461869305?t=kF0RXbFUSjH6COoBwjR9kg&amp;s=19">said</a> that the token launches were part of an experiment to encourage people to put their content on-chain.&nbsp;
&#8220;Someone has to normalize putting all of our content onchain. and i&#8217;m not afraid for it to be us. why? because in the wake of the chaos, we&#8217;ll normalize the behavior and create a better future for creators,&#8221; Pollak <a href="https://x.com/jessepollak/status/1912608624872231131?t=3XjtP____-vR7R8DQAAwaQ&amp;s=19">said</a>, linking to a series of posts explaining how the tokens launched by Base differed from memecoins.
Pollak defined the so-called contentcoins as representing a single content with singular value and no expectations. But these arguments about intent did not stop many from bashing Base&#8217;s execution.&nbsp;
For example, Now Media founder Matthew Medved <a href="https://nftnow.com/features/base-content-coins-onchain-media-op-ed/">said</a> that Base&#8217;s approach hurt user trust.
&#8220;Base could&#8217;ve more obviously framed this as an open experiment. Instead, the post dropped without the proper context, and the ‘content coin' explanation came only after the crash. The stunt succeeded in capturing attention, but it came at the cost of trust. What could&#8217;ve been a meaningful test of media infrastructure ended up looking like just another rug pull,&#8221; he wrote.
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
Image: Shutterstock

Personal Finance

Base Creator Says The Coinbase-Incubated Blockchain Is Prioritizing Creators Over Traders As Fallout Of 'Contentcoin' Debacle Continues

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Bakkt Holdings, Inc. Class A Common Stock

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SHF Holdings, Inc. - Class A Common Stock

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Shares of companies within the broader financial sector are trading higher amid overall market strength due to March's strong durable goods orders economic data, and President Trump's announcement that he met with China earlier today.

Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading higher on Thursday.</a>
Coinbase has announced an expanded partnership with PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), which aims to increase the adoption and utility of PayPal's <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44978574/paypal-and-coinbase-expand-partnership-to-drive-innovation-of-stablecoin-based-solutions" rel="noreferrer noopener">U.S. dollar-backed stablecoin</a> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PYUSD</a>).
The development follows comments from Coinbase's Head of Strategy, John D'Agostino, who noted that Bitcoin has secured its place alongside gold as a strategic asset for preserving capital during times of financial uncertainty.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/44869664" rel="noreferrer noopener">Coinbase Global Goes From Boom To Bust Amid Crypto Winter, Analyst Trims Q1 Estimates</a>
The latest move is designed to give millions of Coinbase users direct access to the stablecoin while enhancing cross-border utility and driving integration across various institutional platforms.
Alex Chriss, PayPal's president and CEO, said the company has long aligned its goals with simplifying users' digital currency experience. "We are excited to drive new, exciting, and innovative use cases together with Coinbase and the entire cryptocurrency community, putting PYUSD at the center," Chriss stated.
The statement reflects their joint ambition to leverage both firms' strengths—Coinbase's crypto infrastructure and PayPal's payment legacy—to promote PYUSD's use in digital commerce and financial services.
Brian Armstrong, CEO of Coinbase, echoed the enthusiasm, emphasizing the potential scale of this collaboration. "Their more than 430 million consumer and merchant accounts offer an unprecedented opportunity to increase stablecoin adoption globally," he noted.
Coinbase will offer 1:1 PYUSD to USD conversions with no platform fees as part of this extended agreement. Users can buy, sell, and redeem the stablecoin seamlessly on Coinbase's ecosystem.
The firms are also collaborating on innovations in global payments, with a focus on stablecoin-based tools that enhance money movement. Moreover, the duo plans to explore potential use cases in decentralized finance (DeFi), adding an additional layer of functionality to PYUSD in the on-chain economy.
This development expands on the groundwork laid in 2021, when Coinbase enabled PayPal-based crypto funding and fiat withdrawals.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, COIN stock has lost over 10% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRPT#NYSE">CRPT</a>).
Price Action: COIN shares are trading higher by 1.46% to $177.56 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959287/bitcoin-has-likely-bottomed-at-74500-200000-is-on-the-table-says-arthur-hayes" target="_blank" rel="noreferrer noopener">Bitcoin Has Likely Bottomed At $74,500, $200,000 Is On The Table, Says Arthur Hayes</a></li>
</ul>
Photo via Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

$PYUSD

CRPT

What's Going On With Coinbase And PayPal Stock On Thursday?

Coinbase platforms to provide fee-free purchases and easy 1:1 redemption of PayPal USD while companies jointly explore new payment use cases
SAN JOSE, Calif., April 24, 2025 /PRNewswire/ --&nbsp;PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) today announced an expansion of their partnership to increase the adoption, distribution, and utilization of the PayPal USD (PYUSD) stablecoin. This collaboration will provide value for consumers, enterprises, and institutions as they continue to utilize digital currencies across platforms and borders with the stability of regulated USD-denominated crypto-native assets.

Paypal Holdings And Coinbase Global Expand Partnership To Increase Adoption, Distribution, And Utilization Of PYUSD Stablecoin

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is increasingly being viewed in <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44906897/bitcoin-spikes-but-gold-surges-whats-driving-the-underperformance">the same league as gold</a> when it comes to long-term inflation hedging, according to John D'Agostino, Head of Strategy for Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Institutional.
What Happened: <a href="https://www.youtube.com/watch?v=ImJuCrL9p6g">Speaking</a> with CNBC as Bitcoin traded near $92,500 levels on Thursday morning, D'Agostino emphasized that Bitcoin has now earned a place next to gold in strategic asset allocations aimed at protecting capital during periods of financial stress.
"In every single one of their analysis, Bitcoin was top five," he said, referring to top global commodity traders who ran inflation hedge simulations. "Bitcoin and gold go side by side."
The statement comes amid heightened institutional interest in Bitcoin as a non-sovereign asset. 
D'Agostino noted that while retail investors have been exiting Bitcoin ETFs in April, institutional players, including sovereign wealth funds and insurance pools, were steadily accumulating directly. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959727/trump-token-price-explodes-60-following-announcement-of-private-dinner-with-donald-trump">TRUMP Token Price Explodes 60% Following Announcement Of Private Dinner With Donald Trump</a>
This divergence in behavior coincided with a 13% rise in Bitcoin&#8217;s price, outpacing gold&#8217;s 10.5% during the same period.
"There's a very short list of assets that mirror the characteristics of gold," D'Agostino said, highlighting scarcity, immutability, portability, and non-sovereign status as core attributes shared by both assets.
He added that some investors, having missed the rally in gold, are now positioning in Bitcoin as a second inflation hedge. "You look at that rally and say, I missed the boat on that. What other assets could participate?"
What&#8217;s Next: While stressing that no asset is a perfect hedge, D'Agostino's comments reflect growing alignment in institutional strategy that views Bitcoin as a viable component of long-term inflation protection, especially as macro conditions like de-dollarization and geopolitical volatility evolve.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959287/bitcoin-has-likely-bottomed-at-74500-200000-is-on-the-table-says-arthur-hayes">Bitcoin Has Likely Bottomed At $74,500, $200,000 Is On The Table, Says Arthur Hayes</a></li>
</ul>
Image: Shutterstock

Bitcoin, Gold Are Top Inflation Hedges, Says Coinbase's John D'Agostino

Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) shares are trading higher by 7.1% to $7.62 during Wednesday&#8217;s session after the company announced it has secured a <a href="https://www.benzinga.com/pressreleases/25/04/n44948008/riot-platforms-announces-100-million-credit-facility-with-coinbase">$100 million credit facility</a> from Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>). This marks Riot&#8217;s first financing arrangement backed by Bitcoin.  
What To Know: The multiple drawdown term loan facility will be available to Riot over the next two months. The company intends to use the funds for strategic initiatives and general corporate purposes.  
Riot CEO Jason Les stated the facility provides &#8220;non-dilutive funding at an attractive cost,&#8221; supporting operations and growth initiatives for long-term stockholder value.  
The loan matures in 364 days, with a potential one-year extension subject to Coinbase&#8217;s consent. The interest rate is set at the greater of the federal funds rate upper limit or 3.25%, plus 4.50%. The borrowed amount is secured by a portion of Riot&#8217;s substantial Bitcoin holdings.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/04/44952395/us-business-activity-growth-slows-in-april-as-services-suffer-tariff-shock-markets-rally-as-trade-war-cools">Business Growth Cools, Prices Rise, And Markets Surge On Tariff Rollback Hopes</a>
<h2 class="wp-block-heading">How To Buy RIOT Stock</h2>
By now you're likely curious about how to participate in the market for Riot Platforms &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Riot Platforms, which is trading at $7.71 as of publishing time, $100 would buy you 12.97 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, RIOT has a 52-week high of $15.87 and a 52-week low of $6.19.

What's Going On With Riot Platforms Stock?

Benchmark analyst Mark Palmer initiates coverage on Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Buy rating and announces Price Target of $252.

Initiation

Benchmark Initiates Coverage On Coinbase Global with Buy Rating, Announces Price Target of $252

Coinbase Global and Riot Platforms shares are trading higher after announcing a $100 million credit facility agreement.

CASTLE ROCK, Colo., April 23, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility (the "Credit Facility") with Coinbase Credit, Inc. ("Coinbase"), a subsidiary of Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
Under the terms of the Credit Facility, Coinbase will provide a multiple drawdown term loan facility in an aggregate principal amount up to $100 million which will be made available to Riot over a two-month period following execution of the Credit Facility ("the Effective Date"). Riot intends to use proceeds from the Credit Facility to pursue key strategic initiatives and for general corporate purposes.
All amounts borrowed under the Credit Facility will bear interest at an annual rate equal to (a) the greater of (i) the federal funds rate – upper limit1&nbsp;on the date of the applicable borrowing, and (ii) 3.25%, plus (b) 4.50%. The Credit Facility will mature 364 days after the Effective Date, but the Company may request that the maturity date be extended by an additional 364 days, subject to consent by Coinbase. The amount borrowed under the Credit Facility will be secured by a portion of the Company's total bitcoin holdings.
 &nbsp;

Riot Platforms Enters Into $100M Credit Facility With Coinbase Credit

APLD

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BITF

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Core Scientific, Inc. - Class A Common Stock

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MARA

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

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Shares of crypto-related companies are trading higher amid a rise in the price of Bitcoin. The cryptocurrency continues to face volatility but has decoupled from risk assets this week and has outperformed Gold.

Shares of Bitcoin-linked companies MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) all traded higher Tuesday as Bitcoin surged above $91,000, gaining 3.3%. 
The move comes potentially amid growing investor sentiment that Bitcoin is evolving into a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44926052/bitcoin-reclaims-90000-is-digital-gold-heading-to-100000-next">safe-haven asset</a> — "digital gold" — as U.S. equities and the dollar <a href="https://www.benzinga.com/government/regulations/25/04/44904179/wall-street-sinks-dollar-slides-as-trump-ramps-up-fed-attacks-whats-driving-markets-monday">continue to be volatile</a>.
What To Know: Bitcoin's rally, alongside record highs in gold, is potentially reinforcing its appeal as an alternative to traditional U.S. stocks, particularly in volatile markets.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44928800/bitcoin-is-dependent-on-the-us-not-a-non-dollar-asset-peter-schiff-says">Bitcoin Is Dependent On The US, Not A &#8216;Non-Dollar Asset,&#8217; Peter Schiff Says</a>
Speculation around Fed Chair Jerome Powell's possible resignation and expectations of dovish policy shifts may be further driving interest in Bitcoin over equities, as traders seek inflation hedges and diversification.
MEXC COO Tracy Jin told Benzinga the cryptocurrency's strength is <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44926052/bitcoin-reclaims-90000-is-digital-gold-heading-to-100000-next">"reshaping investor perception,"</a> noting that institutional flows could accelerate in the second-quarter if Bitcoin holds key support above $86,000.
As reported by our Benzinga team, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44926052/bitcoin-reclaims-90000-is-digital-gold-heading-to-100000-next">technical signals</a> also support the move. Bitcoin cleared its 50-day moving average, with FxPro's Alex Kuptsikevich pointing to momentum above its 200-day MA as a potential catalyst.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44922586/bitcoins-dual-role-could-propel-it-to-200000-standard-chartered">Bitcoin&#8217;s Dual Role Could Propel It To $200,000: Standard Chartered</a>
<h2 class="wp-block-heading">How To Buy MARA Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in MARA Holdings&#8217; case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

What's Going On With Bitcoin-Related Stocks MicroStrategy, Coinbase, MARA Holdings And Riot Platforms?

Deep-pocketed investors have adopted a bearish approach towards Coinbase Global (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 179 extraordinary options activities for Coinbase Global. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 18% leaning bullish and 36% bearish. Among these notable options, 42 are puts, totaling $3,993,929, and 137 are calls, amounting to $11,648,084.
<h3>Projected Price Targets</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 Global during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Coinbase Global options trades today is 1336.19 with a total volume of 50,663.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coinbase Global's big money trades within a strike price range of $2.5 to $500.0 over the last 30 days.
<h3>Coinbase Global Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745265666_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>12/19/25</td>
<td>$20.65</td>
<td>$20.55</td>
<td>$20.65</td>
<td>$140.00</td>
<td>$388.2K</td>
<td>503</td>
<td align="right">261</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$169.5</td>
<td>$166.65</td>
<td>$168.58</td>
<td>$5.00</td>
<td>$303.4K</td>
<td>3.9K</td>
<td align="right">67</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$48.75</td>
<td>$48.5</td>
<td>$48.63</td>
<td>$220.00</td>
<td>$243.2K</td>
<td>908</td>
<td align="right">148</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$48.35</td>
<td>$48.0</td>
<td>$48.13</td>
<td>$220.00</td>
<td>$226.2K</td>
<td>908</td>
<td align="right">642</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$48.7</td>
<td>$47.65</td>
<td>$48.55</td>
<td>$220.00</td>
<td>$194.1K</td>
<td>908</td>
<td align="right">287</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Global</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 Global, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Coinbase Global Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 4,221,221, with COIN's price down by -0.11%, positioned at $174.84.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 17 days.</li>
</ul>
<h3>Expert Opinions on Coinbase Global</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $281.8.
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;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $245. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Coinbase Global with a target price of $290. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Coinbase Global, targeting a price of $169. 
&#x2A; An analyst from Rosenblatt persists with their Buy rating on Coinbase Global, maintaining a target price of $305. 
&#x2A; Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Coinbase Global with a target price of $400. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coinbase Global options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

A Closer Look at Coinbase Global's Options Market Dynamics

New filings from the Federal Election Commission show that several major players in the cryptocurrency industry donated a combined total of over $12.27 million to President Donald Trump's <a href="https://www.benzinga.com/24/12/42382407/ripple-ceo-brad-garlinhouse-admits-204m-crypto-super-political-action-committee-wouldnt-exist-if-gary-gensler-hadnt-been-the-sec-chair">2025 inauguration fund</a>.
What Happened: These <a href="https://docquery.fec.gov/cgi-bin/forms/C00894162/1889684/f132">contributions</a> highlight a growing political alignment between the digital asset sector and the current U.S. administration, which has positioned itself as an advocate for Bitcoin and broader crypto adoption.
Ripple Labs (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) emerged as the largest donor among crypto-related entities, contributing $4.8 million. 
Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) followed with a $2 million donation. 
Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), the largest publicly traded crypto exchange in the United States, contributed $1 million, as did stablecoin issuer Circle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), blockchain platform Solana Labs (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) and Kraken's parent company Payward Inc.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44901448/5-catalysts-that-could-drive-bitcoin-higher-bernstein">5 Catalysts That Could Drive Bitcoin Higher: Bernstein</a>
Hayden Adams, the founder of Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), contributed $245,727.56 on Jan. 9.
His personal donation marked one of the largest individual contributions from within the crypto community. 
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) infrastructure firm Consensys donated $100,000 through its parent company. 
Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, also donated $100,000.
The wave of crypto-linked donations comes as the Trump administration pushes for deeper integration of digital assets into the U.S. financial system. 
Why It Matters: The president has pledged to make America a "Bitcoin superpower," and lawmakers are currently advancing bills aimed at creating a formal regulatory framework for stablecoins and other digital assets.
These contributions mark a stark contrast from the regulatory hostility the crypto industry faced in the years following the collapse of FTX and the shutdown of crypto-friendly banks like Silvergate and Signature. 
The shift in political posture appears to have reignited confidence among crypto firms, many of which are now seeking stronger ties with policymakers and government institutions.
The $12.27 million total from crypto firms represents one of the largest sector-specific fundraising blocs for the inauguration, placing the industry alongside energy, finance, and technology in political influence.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44898586/strategy-adds-555-million-in-bitcoin-ups-stash-to-538200-btc">Strategy Adds $555 Million In Bitcoin, Ups Stash To 538,200 BTC</a></li>
</ul>
Image: Shutterstock

$ETH

$UNI

$USDC

$XRP

Ripple, Coinbase, Solana Among Crypto Firms Contributing Over $12M To Trump's Inauguration Fund

A growing number of cryptocurrency companies are preparing to enter the U.S. banking system, propelled by a policy shift under President Donald Trump aimed at <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42644568/institutional-crypto-adoption-for-real-this-time-says-messari">integrating digital assets into mainstream finance</a>.
What Happened: Firms like Circle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) and BitGo are planning to apply for bank charters, The Wall Street Journal <a href="https://www.wsj.com/finance/currencies/crypto-knocks-on-the-door-of-a-banking-world-that-shut-it-out-082b3968">reported</a>, quoting sources.
Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Paxos are also exploring regulatory approvals to operate with similar authority. 
These developments follow the Trump administration's commitment to establishing the U.S. as a global leader in digital assets, including through new legislation targeting stablecoin oversight.
Recent bills moving through Congress propose a <a href="https://www.benzinga.com/content/44516699/u-s-congress-advances-stablecoin-regulation-with-the-introduction-of-the-stable-act">regulatory framework for stablecoins</a>, mandating that issuers secure banking licenses or charters.
These digital tokens, typically pegged to fiat currencies, are used as a bridge between volatile cryptocurrencies and traditional money.
Some crypto firms are aiming for national trust bank or industrial bank charters that are essentially licenses that would allow them to hold customer deposits or issue loans. 
Others are seeking limited permissions specifically for issuing stablecoins.
BitGo, a crypto custody firm and reserve manager for the Trump family's stablecoin project USD1, is nearing the submission of its bank charter application, according to individuals familiar with its plans.
Anchorage Digital, currently the only federally chartered crypto bank in the U.S., has invested tens of millions of dollars to meet regulatory standards. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44867243/binance-advising-nations-on-strategic-bitcoin-reserves-crypto-regulation-report">Binance Advising Nations On Strategic Bitcoin Reserves, Crypto Regulation: Report</a>
CEO Nathan McCauley acknowledged the operational challenges, saying, "It has not been easy," but emphasized the importance of intertwining full regulatory compliance with the crypto sector.
Anchorage recently became a custodian for BlackRock's iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) and partnered with Cantor Fitzgerald and Copper on a $2 billion bitcoin-backed lending initiative. 
Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>), the world's largest stablecoin by market cap at $145 billion, is a major Cantor client.
This integration marks a reversal from two years ago when the collapses of crypto firms and banks like Silvergate and Signature led to a regulatory clampdown, forcing traditional financial institutions to distance themselves from the crypto sector.
Why It Matters: Trump's return to office has changed the tone.
Regulations that once required banks to seek explicit approval before offering crypto services have been softened, and new federal guidance on bank-crypto relationships is expected later this year.
Legacy financial institutions are adjusting course. 
Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) CEO Brian Moynihan said in February the bank is prepared to issue a stablecoin once legal clarity is established. 
U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) has also resumed crypto custody services via a partnership with NYDIG.
International banks are taking note. 
A consortium including Deutsche Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) and Standard Chartered (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SCBFF#OTC">SCBFF</a>) is exploring expansion into the U.S. crypto market. Deutsche Bank declined to comment, and Standard Chartered did not respond.
However, caution persists in some corners. 
KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) CEO Chris Gorman noted potential competitive threats from crypto and cited regulatory concerns, particularly around transparency and anti-money laundering enforcement. "It's hard to trace," he said.
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Image: Shutterstock

$USDT

IBIT

SCBFF

Deutsche Bank, Standard Chartered Reportedly Looking Into Expanding To US Crypto Market

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) sustained its upward momentum Thursday overnight, as cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) scaled up its infrastructure to support faster, smoother SOL transactions.
What happened: SOL rose over 3% over the previous day, becoming the most successful among the top 10 cryptocurrencies by market capitalization. The rally came despite a 20% drop in trading volumes in the last 24 hours.&nbsp;
The sixth-largest cryptocurrency hit an intraday high of $135.91, its highest in nearly three weeks. Its weekly gains widened to 18.13%, outpacing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44856286/solana-outpaces-bitcoin-ethereum-after-cathie-woods-ark-invest-piles-on-sols-new-canada-based-etf">Solana Breaks Free From Bitcoin, Ethereum Lag After Cathie Wood&#8217;s Ark Invest Accumulates New SOL Staking ETF</a>
The latest spike comes after Coinbase upgraded its system, enabling a 5x improvement in transaction throughput, among other enhancements for Solana.
"These improvements enable faster, more reliable sends and receives, reinforcing our commitment to provide industry-leading performance and reliability for our users," the exchange said.
<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">We've been hard at work scaling our <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@Solana</a> infrastructure to be faster, more resilient, and more scalable. We have upgraded our systems to: → Process transactions asynchronously, leading to a 5x improvement in block processing throughput. → Leverage bare metal machines for 4x… <a href="https://t.co/WFINzCutNK">pic.twitter.com/WFINzCutNK</a>
&mdash; Coinbase Platform (@CoinbasePltfrm) <a href="https://twitter.com/CoinbasePltfrm/status/1912857582546321601?ref_src=twsrc%5Etfw">April 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Additionally, Cathie Wood's Ark Invest <a href="https://www.benzinga.com/25/04/44880757/cathie-woods-pours-another-4-95-million-into-solana-staking-etf-dumps-bitcoin-etf-again">increased its exposure</a> to 3iQ Solana Staking ETF (SOLQ.U ), scooping an additional 475,000 shares of the newly launched investment vehicle in Canada.
Listed on the Toronto Stock Exchange, the ETF shares closed 0.87% higher at $10.43 on Thursday.
Price Action: At the time of writing, SOL traded at $134.96, up 3.25% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Shares of Coinbase were down 0.02% in after-hours trading after closing 1.64% higher at $175.03 during Thursday&#8217;s regular session.
Coinbase is now placed among high-growth stocks in the Benzinga Edge Stock Rankings. <a href="https://www.google.com/url?q=https://www.benzinga.com/premium/ideas/benzinga-edge-2%23:~:text%3DTurn%2520Market%2520Chaos,when%2520markets%2520rebound&amp;sa=D&amp;source=docs&amp;ust=1744948400904097&amp;usg=AOvVaw1cUcMW7auvL3_zEnq7kgxi">Click here </a>to analyze other cool metrics about the stock.
Photo: Lee Wa Da/Shutterstock
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$SOL

Why Is Solana Rising Overnight On Thursday?

Webull Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULL#NASDAQ">BULL</a>) shares are trading lower Thursday extending a volatile first week of public trading following its SPAC merger with <a href="https://www.benzinga.com/news/global/25/04/44854339/whats-going-on-with-webull-stock">SK Growth Opportunities. </a>
What To Know: The sharp decline comes after a report from Fox Business&#8217;s Charles Gasparino indicated that U.S. lawmakers are pushing the SEC to investigate Webull&#8217;s Chinese ties and potentially move toward delisting the brokerage. Senator Tommy Tuberville reportedly warned of "potentially severe national security implications," citing Webull's connections to China.
The concerns are escalating as U.S.-China trade tensions flare up again, with U.S. Treasury Secretary Scott Bessent stating that all options, including delistings, remain "on the table." Founded in 2016 by former Alibaba and Xiaomi executive Wang Anquan, who still serves as global CEO, Webull's ties to China are drawing bipartisan scrutiny amid a wider reevaluation of Chinese firms on U.S. exchanges.
Webull's public debut was marked by early enthusiasm and rapid price swings, but that excitement has been quickly overtaken by political pressure and regulatory uncertainty. 
If Webull faces regulatory setbacks or a potential delisting, other U.S.-based brokerage firms stand to gain market share. Robinhood Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Charles Schwab Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) and Interactive Brokers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) are among those likely to benefit. Robinhood in particular may be the biggest winner, given Webull's direct competition as a platform appealing to the same retail trading demographic.
BULL Price Action: Webull shares were down 26.8% at $26.61 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0417"><img loading="lazy" decoding="async" width="1024" height="551" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17151249/Screenshot-2025-04-17-at-15.12.26-1024x551.png" alt="" class="wp-image-877557" style="width:436px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17151249/Screenshot-2025-04-17-at-15.12.26-1024x551.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17151249/Screenshot-2025-04-17-at-15.12.26-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17151249/Screenshot-2025-04-17-at-15.12.26-768x413.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17151249/Screenshot-2025-04-17-at-15.12.26.png 1497w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image Via Shutterstock.

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