On August 21, Coinbase Global, Inc. rose 5.59% in pre-market trading, trading at $182.5/share, with turnover of $17.87 million. The rally was driven by Bitcoin surging past $74,000, triggering the largest short liquidation wave in history with approximately $2.7 billion in short positions forcibly closed within 24 hours.
On the policy front, U.S. President Trump recently met with executives from Coinbase and other crypto firms at the White House, reinforcing expectations of a digital-asset-friendly regulatory environment. The SEC also proposed a new framework this week to potentially exempt certain digital asset issuances from securities registration filings. Meanwhile, Bitcoin spot ETFs recorded $517.19 million in net inflows on August 19, the highest single-day figure since May 4.
On the business side, Coinbase has been aggressively expanding, launching US500 perpetual contracts, securing an Abu Dhabi FSRA license to establish an international tokenization hub, and preparing to integrate its international exchange into Deribit by September. Ark Invest also recently added approximately $9.16 million in Coinbase shares, providing institutional support.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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