Coinbase Global Inc

Better Mortgage has partnered with Coinbase Prime to expand a new type of home loan that allows borrowers to use Bitcoin as collateral for their down payment without having to sell their coins. This initiative is part of a residential mortgage program supported by Fannie Mae and represents an industry first, enabling digital asset holders to access home loans without converting their liquidity into cash.

Coinbase Global has selected Chainlink as its oracle infrastructure for tokenized stocks on the Base network, a move that could expand its role beyond digital representations of listed shares. By providing continuous pricing data, Chainlink helps make these assets usable across finance applications, connecting traditional securities with onchain markets and opening revenue opportunities for both companies. Coinbase has introduced tokenized versions of stocks such as Apple, NVIDIA, Meta, and Alphabet on Base, each token being a 1:1-backed claim on an underlying share held in regulated custody. Chainlink Data Feeds give developers across the Base ecosystem access to pricing information for these tokenized equities. Chainlink reports that tokenized equities are among the fastest-growing segments of the real-world asset market, with their value reaching a record $2.3 billion by mid-July 2026. The opportunity for Coinbase goes beyond transaction fees; if tokenized stocks gain acceptance as collateral in DeFi, they could attract liquidity, lending activity, and new financial products to Base. Meanwhile, Chainlink would benefit from growing demand for oracle services. In comparison, Robinhood launched tokenized stocks in Europe in 2025 and built Robinhood Chain, an Ethereum-compatible Layer-2 for traditional assets, while Interactive Brokers added nine new tokens through zerohash and three through Paxos, and introduced stablecoin transfers to external wallets. Shares of COIN have lost 20.3% year-to-date, underperforming the industry, and trade at a price-to-earnings ratio of 80.85, significantly above the industry average of 17.2. The Zacks Consensus Estimate for COIN's third-quarter and fourth-quarter 2026 EPS has moved south in the last 30 days, and the stock carries a Zacks Rank #4 (Sell).

Bitwise Asset Management, a crypto asset management firm, announced on the 25th the launch of its automated portfolio service, "Automated Token Portfolios (ATPs)," which targets tokenized U.S. stocks. The service combines tokenized stocks provided by Coinbase with portfolio management technology from Glider, allowing eligible investors in eligible regions to hold stock portfolios in their crypto wallets while benefiting from automatic rebalancing. The initial offerings include three thematic portfolios: "AI Leaders," "Robotics," and "Mag7X." Mag7X equally weights eight stocks, including Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla, and SpaceX. Traditionally, accessing professional management models through funds like ETFs required investors to entrust their assets to the management company. With ATPs, investors retain their tokenized stocks in their self-custody wallets, and Glider automatically rebalances according to Bitwise's model portfolios. Bitwise does not custody or manage investor assets and does not execute trades. The tokenized stocks are U.S. equities that Coinbase began offering on Base on the 24th, and the service is currently available only to eligible investors residing outside the U.S. Chief Investment Officer Matt Hougan described the service as a new mechanism that allows investors to use management models while keeping their assets in their own wallets.

Crypto-linked equities are outrunning the coins in Tuesday morning trade, with CleanSpark surging 7% to $12.72 and BitMine Immersion Technologies climbing 4% to $25.21. The CoinShares Bitcoin Mining and Digital Power ETF is up 4% to $46.55, while the iShares Bitcoin Trust ETF is up 0.6% to $44.92, as mining and treasury names reprice faster than Bitcoin's nearly flat 0.4% move to $79,377.30. CleanSpark's most recent earnings report showed revenue of $138.01 million, missing the $141.81 million consensus, with a GAAP loss of $0.89 per share driven by a $116.25 million loss on the fair value of Bitcoin. BitMine announced on August 24 that its ether holdings had reached 5.85 million tokens, with total crypto and cash holdings of $14.9 billion, and Chairman Tom Lee said the company could hit its 5% of all ether target before year end, generating roughly $330 million annually in staking yield. Strategy holds 846,000 Bitcoin with an $8.32 billion unrealized digital-asset loss, while Coinbase reached an all-time-high 10.3% crypto trading volume market share in Q2 2026.

Coinbase Global shares jumped 10% on August 19 as Bitcoin gained about 6% and traded at its highest level since early June, following a White House meeting where President Donald Trump urged Congress to pass a fair version of the CLARITY Act. Coinbase CEO Brian Armstrong joined other cryptocurrency executives and financial regulators at the meeting. The stock move combined cryptocurrency price strength with regulatory expectations, yet second-quarter revenue still declined 19% to $1.22 billion and the company reported a $359.5 million net loss. The CLARITY Act, which would establish clearer jurisdiction between the SEC and CFTC and create a federal registration framework for digital-commodity exchanges, has passed the House and advanced through the Senate Banking Committee but faces a procedural floor vote scheduled for September. Coinbase said its company-defined crypto trading-volume market share reached a record 10.3% in the second quarter, subscription and services revenue totaled $555 million, and average USDC held in Coinbase products reached a record $20 billion.

Coinbase has launched tokenized U.S. equities on its Base blockchain, with 13 stocks available to non-U.S. persons under Regulation S. The August 24 rollout includes NVDAc, METAc, AAPLc, GOOGLc, AMZN, COIN, CRCL, INTC, MSFT, MSTR, SNDK, SPCX, and TSLA, each representing a direct claim on the underlying share with dividends and voting rights. Tokens are issued under the B20 standard, with Alpaca Securities as broker-custodian and pricing via Chainlink Data Feeds. Nine DeFi protocols are live at launch, and day-one volume reached $10.8 million with $4.5 million minted onchain. The launch comes as the SEC's proposed innovation exemption for tokenized securities has been delayed twice, pushing a U.S. framework into 2027.

Coinbase Global Inc. CEO Brian Armstrong said stablecoins could give people in countries battling high inflation and volatile currencies an easier way to access stronger global currencies without leaving their home countries. Armstrong argued in a post on X that crypto has created new options for people looking to protect their savings from weakening local currencies, pointing to countries where high inflation or currency volatility can rapidly erode household purchasing power. He said stablecoins are changing that dynamic by allowing people to hold digital assets tied to stronger fiat currencies, adding that residents historically had few ways to protect their wealth. Armstrong also said the year-long crypto spot trading bear market could be nearing an end, citing the upcoming CLARITY Act vote, Bitcoin's historical fourth-quarter strength and the length of the current downturn as potential catalysts. He said Bitcoin spot trading accounted for about 12% of Coinbase's revenue, while derivatives, prediction markets, stablecoin payments and real-world asset tokenization continued to grow.

Coinbase Global has integrated Hyperliquid's perpetual futures into its Base App, adding access to leveraged derivatives on crypto, tokenized stocks, and commodities. The launch expands the Base App to more than 290 markets, with leverage of up to 50x available to eligible users. This move broadens Coinbase's product range beyond spot crypto trading and introduces more complex trading tools alongside the app's existing social features.

Alphabet reported second-quarter revenues of $119.8 billion, up 24.2% year over year, beating analysts' expectations by 2.2% and posting a solid EPS beat. Among the 44 consumer internet stocks tracked, the group's revenues beat consensus estimates by 1.3% while next quarter's revenue guidance came in 3% below. Reddit delivered the biggest analyst estimate beat, highest guidance raise, and fastest revenue growth of the whole group, with revenues of $804.9 million, up 61.1% year over year, but its stock fell 13.8% since reporting. Coinbase was the weakest performer, with revenues of $1.22 billion, down 18.5% year over year and missing analysts' expectations by 5.9%, yet its stock rose 15.6% since the results. Bumble reported revenues of $210.5 million, down 15.2% year over year, in line with expectations but with a significant miss on next quarter's revenue guidance, while Snap's revenues of $1.60 billion, up 18.9% year over year, beat expectations by 3.8%.

Treasury Secretary Scott Bessent's plan to shift U.S. borrowing toward shorter-term debt has a potential ally in the Trump administration's push for crypto legislation, according to The Wall Street Journal. The connection runs through stablecoins, which under the Genius Act can hold only certain assets to maintain their dollar peg, including Treasury securities maturing within 93 days. Bessent has cited projections that the stablecoin market could grow from its current $300 billion to nearly $4 trillion, and has written that such growth could lower government borrowing costs. Last week, the U.S. Treasury announced it would increase buybacks of longer-term bonds, a move that can be funded by issuing more short-term Treasury bills, and Bessent called the approach a Treasury twist. President Donald Trump hosted crypto industry executives at the White House last week and pressed Congress to pass the Digital Asset Market Clarity Act, which would establish a broader regulatory framework for crypto markets, but the bill has stalled in the Senate ahead of a September 15 procedural vote. Shares of Circle Internet Group and Coinbase Global both rose more than 20% last week in anticipation of regulatory progress, and a Brookings Institution review found that stablecoins could generate substantial new demand for Treasury bills, particularly from foreign savers in countries with less stable currencies.

The SEC proposed its first permanent digital-asset rule on Aug. 18, exempting token sales of up to $5 million over four years from registration under the Securities Act of 1933, with a similar exemption for sales up to $75 million a year if issuers provide audited financial statements and ongoing reporting. The proposal came a day before President Donald Trump hosted a White House summit with CEOs of Coinbase Global, Ripple, and Robinhood Markets, following the Senate's failure to vote on the Clarity Act before leaving town on Aug. 8. White House crypto advisor Patrick Witt said regulators would use emergency mechanisms if Congress didn't act, and SEC Chairman Paul Atkins called legislation indispensable for durable rules. The next key date is Sept. 15, when a Senate procedural vote on the Clarity Act needs 60 votes, meaning six Democrats must cross party lines.

President Donald Trump repeated his commitment to secure U.S. leadership in cryptocurrency and emerging technologies at a White House summit, drawing enthusiastic reactions from industry executives and top officials. Coinbase CEO Brian Armstrong said the administration and industry are ready to get the CLARITY Act across the finish line, noting that CFTC Chairman Michael Selig and SEC Chairman Paul Atkins are aligned on the goal. Robinhood CEO Vlad Tenev stated the company's core purpose is enabling broad ownership, while Ripple CEO Brad Garlinghouse hailed Trump's commitment to innovation and noted that 67 million Americans hold crypto. Binance founder Changpeng Zhao celebrated with the phrase 'We are so back,' and SEC Chair Paul Atkins promised the greatest advances of the technological frontier will be realized in America. Trump said America remains the undisputed leader in Bitcoin and cryptocurrency and urged Congress to pass the CLARITY Act, adding that accumulating Bitcoin is being talked about and he would listen to executives' recommendations.

Moderna delivered one of the largest single-session moves for an S&P 500 company, closing 177% higher at $174.38 on Wednesday after reporting positive late-stage data for its personalized cancer vaccine. The stock pulled back over 23% on Thursday before adding more than 10% so far on Friday, leaving it on course for a gain of around 135% over the week. The Phase 3 trial evaluated Moderna's intismeran alongside Merck's Keytruda in advanced skin cancer, and met its primary goal of recurrence-free survival, with a key secondary endpoint on distant metastasis-free survival also met and no new safety signal reported. Crypto-exposed equities rallied hard this week after bitcoin surged on the U.S. Treasury's decision to at least double the size of its long-dated bond buyback operations, alongside supportive comments on the sector from President Donald Trump. The Treasury raised the maximum per-operation size from $2 billion to at least $4 billion for the 10-to-20-year and 20-to-30-year sectors, effective Sept. 9 through Nov. 4. Bitcoin is currently above $77,000, having hit a high of $79,461 earlier in Friday's session. As a result, Strategy has risen 25.9% over the week, with Marathon Digital up 22.5%, Coinbase 23.1% higher, Circle up 16.3%, Galaxy Digital 12.3% higher and Robinhood up 9.7%. The same Treasury announcement also lifted metals producers, with the dollar weakening and precious metal prices moving higher. Agnico Eagle leads the group so far on Friday with an 18.4% gain over the week, followed by Barrick at 15%, Freeport-McMoRan up 14% and Newmont 13.3% higher. The dollar has declined, with spot gold gaining more than 2% on Friday and over 6% in the past week. Estée Lauder jumped more than 16% on Wednesday and is set to finish the week up around 15.9% after fourth-quarter results came in ahead of expectations. Sales rose 6%, beating consensus of 4%, while adjusted earnings of $0.39 per share topped the $0.32 expected. Management pointed to share gains in mainland China and growth across all product categories except hair care, alongside continued progress on cost-cutting through its One ELC initiative and Profit Recovery and Growth Plan. Canaccord analyst Susan Anderson raised her price target for the stock to $90 from $85, maintaining a Hold rating following the release. Walmart is the week's notable loser, sinking 9.2% on Thursday and down a further 0.9% so far on Friday after second-quarter results that beat on the headline numbers but disappointed on the metric that mattered most. Comparable sales at Walmart-only U.S. stores excluding gas grew 2.6%, well short of the 3.67% consensus and the slowest U.S. sales growth in six years. Mizuho analyst David Bellinger described the outcome as a worst-case scenario, calling it a very messy print and one of the biggest misses in years from the retailer.

The U.S. Senate will hold a cloture vote on the Clarity Act on Sept. 15, the day after senators return from August recess, with Coinbase CEO Brian Armstrong predicting the crypto legislation will pass. The cloture vote would end debate and filibuster, requiring 60 votes to proceed, the same threshold needed for final passage, and would be a strong indicator of the bill's prospects. Armstrong told CNBC that Senate Majority Leader John Thune would not have scheduled the vote unless he believed it would pass, and he expects more than 60 votes, though Kalshi bettors put the odds at just 22%. The Clarity Act would give the Commodity Futures Trading Commission exclusive jurisdiction over spot markets of digital commodities and includes provisions on stablecoin rewards, but Democrats have sought additional ethics provisions and banking groups have raised concerns, leaving the outcome uncertain.

Ross Stores raised its full-year earnings forecast and projected stronger comparable-store sales, sending its shares up nearly 9% in premarket trading. The discount retailer now expects full-year earnings per share of $8.61 to $8.77, up from its prior range of $7.50 to $7.74, and sees third-quarter comparable sales rising 6% to 7% and fourth-quarter sales up 4% to 5%, ahead of analyst expectations. Second-quarter revenue rose about 13% to $6.26 billion, beating estimates of $6.18 billion. Separately, cryptocurrency-linked stocks rallied as Bitcoin jumped 8.9% to $78,135.60, with Strategy up 10.2%, Coinbase up 6.8%, and Circle Internet Group up 6.4% in premarket trading. O-I Glass shares climbed 6.6% after Citi upgraded the stock to Buy from Neutral and raised its price target to $9 from $8, while Flowers Foods fell 4.2% after reporting weaker-than-expected second-quarter results.

Several companies made notable premarket moves on Friday. BJ's Wholesale shares ticked slightly higher after the retailer reported second-quarter earnings of $1.36 per share excluding items on revenue of $6.09 billion, beating FactSet estimates of $1.17 per share on $5.97 billion in revenue, and raised its full-year EPS guidance to $4.60 to $4.80 from $4.40 to $4.60. Ross Stores jumped over 8% after posting better-than-expected second-quarter results and issuing third-quarter earnings guidance above estimates. Crypto-related stocks including Robinhood, Coinbase, and Strategy rose at least 4.5% as bitcoin headed for a weekly gain of more than 20%, boosted by the White House hosting crypto leaders and urging Congress to pass the Clarity Act. Broadcom gained over 1% after Bloomberg News reported the semiconductor maker plans to raise over $60 billion in debt to support Anthropic.

Bitcoin surged past $77,000 for the first time since May, supported by falling bond yields and hopes for the cryptocurrency Clarity Act. As of 4:30 p.m. Thailand time, Bitcoin was up more than 7% at $77,700, but still 43% below its October 2025 peak. Ether rose nearly 4.4% to $2,390. The market got an additional boost from the White House holding an emergency meeting with top executives from Coinbase, Kraken, Robinhood, Ripple, and ChainLink ahead of the first meeting of the CFTC's innovation advisory committee on Thursday. President Donald Trump called on Congress to fast-track a fair version of the Clarity Act before the end of this year, saying the bill would help the United States maintain its leadership over China and pave the way for a new wave of innovation. However, Republicans and Democrats remain divided over ethics requirements, which could cause the bill to fail its first procedural vote in the Senate on September 15 and miss the chance to pass this year.

Crypto-linked stocks rallied Friday as Bitcoin extended its climb to levels not seen since late May, after President Trump called on lawmakers to pass clear regulatory rules for digital assets. In U.S. premarket trading, Strategy was up 10.2%, Coinbase rose 6.8%, and Circle Internet Group added 6.4%, while MARA Holdings climbed 5.4%, Galaxy Digital rose 5%, Robinhood Markets gained 4.7%, Hut 8 advanced 2.4%, and Riot Platforms rose 3.7%. Bitcoin jumped 8.9% to $78,135.60, briefly touching an intraday high of $79,600.60, breaking out of the roughly $60,000-to-$70,000 range that held for most of 2026. The rally was also supported by a broader lift in risk appetite after the U.S. Treasury Department said it would double its bond buybacks in an effort to contain rising yields, following a sharp bond selloff that drove the 30-year yield to its highest level since 2007. The advance was set in motion earlier this week when Trump, speaking at a White House summit, urged Congress to advance the Clarity Act, closely watched legislation aimed at establishing a regulatory framework for the U.S. crypto industry, though it remains unclear when, or if, the bill will pass.

Bitcoin surged above $75,000 on Friday, extending a rebound to levels last seen in late May after U.S. President Donald Trump called on policymakers to pass clear regulation for cryptocurrencies. The world's biggest crypto rose 8.1% to $75,113.6 by 02:24 ET, briefly touching an intraday high of $75,591.6, and was set to rise nearly 19% this week, its best weekly performance since February 2024. Gains came chiefly after Trump, during a White House summit earlier this week, urged Congress to pass the Clarity Act, a closely watched bill that aims to establish a regulatory framework for the U.S. crypto industry, though it remained unclear when the act would actually come to passage. Crypto stocks also advanced, with Strategy Inc surging 7.8% on Thursday, Coinbase Global Inc adding 7.9%, and Japanese hotelier turned Bitcoin treasury Metaplanet Inc surging over 20% in the Asian session. U.S.-listed spot exchange-traded funds clocked inflows of about $1 billion this week, their best weekly inflow since January, according to data from aggregator SoSoValue.

Bitcoin rose more than 4% in early Asia trading Friday, climbing as high as $75,740 as of 10 a.m. in Singapore, continuing a rally that began Wednesday after the US Treasury revealed plans to rein in long-term bond yields. The gains follow Treasury Secretary Scott Bessent's announcement that the department would double the size of its bond buybacks, with Bitcoin now up almost 20% this week. Optimism was also bolstered when President Donald Trump met with industry leaders, including executives from Coinbase Global Inc. and Payward Inc., and urged the Senate to pass the Clarity Act, a crypto market structure bill stalled over ethics provisions. Matthew Sigel, head of digital assets research at VanEck, said the price reaction is about what the US Treasury has done, reigniting fears of fiscal dominance, rather than the Clarity Act.

According to a weekly flow analysis of equity-linked products published by Binance Research on the 20th, the platform recorded net outflows of 42 million dollars during the period from August 13 to 19, marking a third consecutive week of outflows. The Nasdaq 100 tracking ETF QQQ fell 1.1 percent over the period, but over the past 11 weeks, weeks in which QQQ declined had seen average inflows of about 165 million dollars. This time, however, funds flowed out in a week when QQQ fell for the first time, deviating from the previous trend. The technology sector led the outflows, with net outflows of 62.3 million dollars, more than triple the previous week's 18.7 million dollars and the largest in the past 12 weeks. Selling was particularly notable in memory-related names, with Micron, SanDisk, and memory-related ETFs ranking among the top by total trading value. Meanwhile, buying was concentrated mainly in crypto-related stocks that had been declining, with Strategy seeing the largest single-stock inflow at 7.9 million dollars, Coinbase receiving 2 million dollars, and the iShares Bitcoin ETF taking in 2.4 million dollars.

Coinbase shares jumped 7.4% in morning trading as investors bid crypto names on fresh optimism around the Digital Asset Market Clarity Act, with bitcoin also higher at about $71,936, up roughly 2% over 24 hours. Senate Banking Chair Tim Scott, speaking at SALT in Jackson Hole, told CoinDesk the bill has a "really good shot" in September and that "the only question is how do we get it to the finish line, and when." White House crypto adviser Patrick Witt called talks an "A-B" setup where a grand bargain is possible, with the Senate's test a Sept. 15 procedural cloture vote on whether to even debate the bill. For Coinbase, a durable market-structure law would lock in which tokens are SEC vs. CFTC products and how exchanges, custody, and staking are licensed, making it harder for a future administration to unwind. Coinbase is down 27.4% since the beginning of the year, and at $171.62 per share, it is trading 55.7% below its 52-week high of $387.27 from October 2025.

Shares of Coinbase Global and other crypto-related equities soared after President Donald Trump called on Congress to pass legislation establishing clearer laws for digital currencies. Bitcoin gained 3.8% and traded above $70,000, with Strategy up 5.8%, Coinbase up 5.7%, Canaan up 12.5%, and Circle Internet Group up 3.8%. Trump urged senators to pass a fair version of the stalled Clarity Act, which would help define whether cryptocurrencies are securities or commodities and clarify oversight between the SEC and CFTC. The measure faces political obstacles, including debates about banning public officials from monetizing crypto projects.

The Financial Accounting Standards Board has proposed that certain stablecoins be treated as cash equivalents. The proposal would require liquid reserves, at least one-to-one backing, direct redemption rights, and clear regulatory compliance. This would allow corporate treasurers to use stablecoins without making their reported cash position look smaller, enabling them to count the full value of stablecoin holdings as cash on the balance sheet. The change could facilitate cross-border payments and other uses, and is seen as a significant step in institutional crypto adoption.

Several companies made notable premarket moves on Thursday. Walmart dropped 6% after its U.S. comparable sales grew 2.6%, missing the 3.5% FactSet estimate, and its earnings guidance fell short. Crypto stocks rose as Bitcoin and ether surged on President Trump's push for crypto-friendly legislation, with Coinbase up nearly 7% and Strategy jumping 10%. Alibaba fell 3.4% after reporting a 75% drop in quarterly profit due to higher AI spending. Moderna shed 7% a day after soaring 177% on positive late-stage cancer vaccine trial results. Advance Auto Parts tumbled nearly 15% after revenue of $1 billion missed the $2.04 billion LSEG estimate. Coty slipped 14.5% after a larger-than-expected quarterly loss and a warning that fiscal 2027 will be a transition year. Wolfspeed fell 10% after quarterly revenue of $149.6 million missed the $150 million FactSet consensus. NetEase slipped nearly 4% after its quarterly earnings missed analyst estimates.

President Donald Trump said Michael Selig, chairman of the CFTC, is working to bring perpetuals trading platforms such as Hyperliquid into the United States in a fully lawful and compliant manner. Speaking at a joint press conference with technology leaders and heads of federal agencies on Wednesday, Trump said Selig is working to bring perpetual futures markets into the country. The CFTC previously approved KalshiEX and Coinbase to list bitcoin perpetuals in the US for the first time. JPMorgan analysts said blockchain-based perpetual platforms such as Hyperliquid have surged in popularity because non-crypto traders are turning to 24-hour markets to access certain assets such as oil outside traditional market hours. Traditional exchanges such as CME and ICE are concerned that such platforms could be used to manipulate prices and distort markets, and want them to register with the CFTC, according to a Bloomberg report. After the press conference, Hyperliquid's HYPE token rose 17% over the past 24 hours, according to price data from The Block, while the 21Shares Hyperliquid ETF, Bitwise Hyperliquid ETF and Grayscale Hyperliquid Staking ETF rose nearly 20% in Wednesday's session. Hyperliquid Strategies, listed on Nasdaq, rose 30.4% on the same day. Trump also called on members of Congress to pass the Clarity Act, a broad cryptocurrency bill that would provide comprehensive federal oversight of the industry for the first time, describing it as a very structured and powerful law that would help the United States stay ahead of China and all other countries.

Bitcoin briefly touched $70,000 on Coinbase on Wednesday, the first time since June 2, before quickly pulling back below that level, though it remained up more than 7% over the past 24 hours. The advance was supported by President Donald Trump's push for Congress to pass the Digital Asset Market Clarity Act, with Coinbase, Gemini, Ripple, and Chainlink Labs represented at a White House event. Meanwhile, Treasury Secretary Scott Bessent doubled the size of the Treasury's bond buyback operations, which traders view as a liquidity backstop for the more than $30 trillion government bond market and a potential support for risk assets. Tim Scott, chairman of the Senate Banking Committee, said at the SALT conference that the Clarity Act could advance in September, with a procedural vote set for September 15. Technical analyst Aksel Kibar noted that an inverse head-and-shoulders pattern with a neckline near $66,600, if confirmed by a breakout, would point to a target of $76,000. However, the Fed minutes continued to signal upside inflation risks and the possibility of rate hikes, which could weigh on Bitcoin's breakout.

US crypto-related stocks surged across the board on the 19th. Bitcoin triggered a short squeeze that briefly pushed it toward the 70,000 dollar level, forcing bearish investors who had sold in anticipation of declines to buy back positions. Strategy, a major Bitcoin holder, rose 11.95 percent from the previous day to 103.58 dollars. Coinbase, a major cryptocurrency exchange, gained 9.05 percent to 159.47 dollars. Circle, which issues stablecoins, climbed 9.44 percent to 78.50 dollars. Bitmine, which holds Ethereum, advanced 9.68 percent to 20.05 dollars. Reports said more than 1 billion dollars worth of bearish positions were forcibly liquidated within one hour on the 19th. The US Treasury's plan to double the scale of long-term bond buybacks starting in September also supported buying of risk assets, and the total market capitalisation of the cryptocurrency market expanded by more than 5 percent that day. In Tokyo trading the following day, the 20th, the Nikkei Stock Average opened higher, with gains from the previous close briefly exceeding 800 yen.

U.S. President Donald Trump on August 19 called on Congress to pass the Clarity Act, which establishes market structure for crypto assets, during a meeting with technology company executives at the White House. Trump said Congress needs to take the next step and urged passage of a fair bill. The meeting was attended by executives from crypto-related firms including Coinbase, Gemini, Ripple, and Chainlink Labs. Coinbase CEO Brian Armstrong praised the bill as a genuine bipartisan compromise. Securities and Exchange Commission Chairman Paul Atkins expressed the view that passing legislation in Congress is the top priority for establishing a more permanent legal framework.

Webull and Robinhood Markets each climbed 7% in midday trading Wednesday, driven by a Bitcoin rally and company-specific catalysts. Webull shares rose to $8.49 ahead of its Q2 2026 earnings report after the close, with analysts projecting revenue of $182.83 million, up from $156.94 million a year earlier, and consensus EPS of $0.03. Robinhood advanced to $98.45 as CEO Vlad Tenev pushed U.S. regulators to approve tokenized stocks, arguing tokenization is the best path to modernizing the American financial system. Coinbase surged 11% to $163.32 as Bitcoin traded around $68,500, up 6% over 24 hours, though Coinbase remains down 35% year to date. The ARK Fintech Innovation ETF rose 4% to $44.20, reflecting its exposure to Robinhood and Coinbase, which account for 4.5% and 5.8% of net assets respectively.

Moderna and Merck shares surged after their personalized cancer vaccine showed positive results in a late-stage trial, with Moderna skyrocketing 120% and Merck jumping 10%. Pilgrim's Pride rallied 15% after JBS, which owns more than 80% of the chicken producer, bid to acquire the remaining stock. Gold miners jumped after the Treasury Department announced sharply higher government debt repurchases, sending yields lower and boosting gold, with the VanEck Gold Miners ETF up 9% and Coeur and Hecla each gaining more than 13%. Marvell Technology rose more than 7% after giving Google permission to buy a $12 billion stake as part of a custom chip development deal. Coinbase surged 11% as bitcoin popped more than 5% to about $68,000, while Lowe's gained over 3% despite cutting its full-year outlook to the bottom end of prior guidance. Target added 5% after beating second-quarter revenue expectations and hiking full-year guidance, helped by a $752 million tariff refund boost. La-Z-Boy tanked 16% after fiscal first-quarter adjusted earnings fell 9% and current-quarter revenue guidance missed FactSet consensus, while Mercury Systems slid more than 6% on mixed results. Estee Lauder rose more than 16% after fiscal fourth-quarter adjusted earnings and revenue beat estimates.

Coinbase Global executives are set to join U.S. regulators and Ripple leaders at a White House crypto summit, highlighting direct policy engagement at the federal level. The summit will include participation from key agencies such as the SEC and CFTC, with crypto regulation and industry input expected to be central topics. Coinbase is also taking a leading role in the CFTC's new Innovation Advisory Committee, where new approaches to crypto oversight are under discussion. The twin forums position Coinbase alongside policymakers as U.S. authorities review how digital assets are supervised and integrated into existing market rules.

Coinbase Global is expanding into prediction markets as a new growth pillar, aiming to reduce its dependence on crypto trading volumes and accelerate its transition into an everything exchange. The company entered the space in November 2025 through a partnership with Kalshi, a regulated U.S. exchange for trading on real-world events, and later acquired The Clearing Company to bring prediction-market expertise in-house. Prediction-market volumes have surged amid rising retail participation and demand for real-time information, and event contracts can generate trading activity regardless of cryptocurrency-market direction. Coinbase shares have lost 34.9% year to date, and the stock trades at a price-to-earnings ratio of 67.03 versus an industry average of 16.69. The Zacks Consensus Estimate for Coinbase's third-quarter and fourth-quarter 2026 earnings per share moved lower over the last 30 days, and the stock currently carries a Zacks Rank of 5, or Strong Sell.

The Securities and Exchange Commission is preparing to launch a framework for trading blockchain versions of popular Wall Street-listed stocks, according to a report published on Tuesday. The agency is expected to release its innovation exemption for trading tokenized stocks as early as Friday, Bloomberg reported, citing people familiar with the matter. Officials are still working on the proposal, and details may change before its release. SEC Chair Paul Atkins first hinted at the innovation exemption in April, aiming to give qualified firms a regulatory sandbox to issue and trade tokenized securities on-chain under lighter-touch compliance conditions while still operating under SEC oversight. Tokenized equities are currently unavailable for trading in the U.S., though several firms are actively experimenting with the concept, including Robinhood Markets Inc. and Coinbase Global Inc.