Coinbase Global, Inc. Stock News

SAN FRANCISCO, May 23, 2025 (GLOBE NEWSWIRE) -- On May 15, 2025, investors in Coinbase Global, Inc. (NASDAQ: COIN) saw the price of their shares slide about 7% after the company announced that it experienced a material cybersecurity incident, raising questions about the adequacy of its internal controls and disclosure processes.

Major U.S. equities indexes were mixed on Thursday after the House of Representatives passed a far-reaching budget bill that includes significant tax cuts and reduced spending on government health care and food assistance programs. The proposed budget will now head to the Senate, where it could see changes and amendments.

U.S. equities edged higher at midday as the market considered the impact of the Republican tax and spending bill that passed by the narrowest of margins this morning. The Nasdaq, Dow Jones Industrial Average, and S&P 500 all rose.

Bitcoin was trading in uncharted territory and hovering around $110,000 Thursday morning.

Crypto stocks will likely continue doing well this year as demand for Bitcoin rises. Bitcoin price has already jumped to a record high of over $11,000, while odds of it rising above $150,000 have risen to 47% from a low of 11% in April.

Coinbase said at least 69,461 customers had personal and financial information stolen during a months-long data breach that it disclosed last week.

During the 2024 election, now-President Donald Trump promised a new pro-business approach for the crypto industry. That, combined with a complete rethinking of how global trade should work in 2025, is leading investors to focus on best-in-class crypto companies that are Made in America.

CASTLE ROCK, Colo. , May 20, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has successfully upsized its existing $100 million credit facility (the "Existing Credit Facility") to a total commitment of up to $200 million (the "Upsized Credit Facility") with Coinbase Cre...