Movement Alert|Coinbase Global, Inc. Rises 5.58% in Regular Trading, Bitcoin Surges Past $75,000 as Trump Pushes Crypto-Friendly Legislation

Market Focus08-21 21:31

On August 21, Coinbase Global, Inc. rose 5.58% in regular trading, trading at $183.095/share, with turnover of $371 million. The rally was driven by Bitcoin's strong breakout above $75,000, which triggered the largest short liquidation event on record, with nearly $2.7 billion in short positions force-closed within 24 hours.

On the policy front, U.S. President Trump recently met with executives from multiple crypto firms including Coinbase at the White House, reinforcing expectations of a digital asset-friendly regulatory environment. Additionally, the SEC proposed a new framework this week that would allow certain digital asset issuances to bypass securities registration requirements, further boosting market sentiment.

On the business side, Coinbase has been aggressively expanding, launching US500 perpetual contracts, securing an FSRA license in Abu Dhabi to establish an international tokenization hub, and planning 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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