"Coinbase and Other Crypto Stocks Stand Tall Amid Market Turmoil"

As the stock market reeled from new tariffs announced by President Trump, crypto stocks such as Coinbase (COIN) emerged as outliers, outperforming the broader market indices.

Crypto Stocks COIN, MARA, MSTR Outperform S&P 500 Amid Market Turmoil

Top crypto stocks performed better than the broader stock market this week, helped by relatively stable cryptocurrency prices. After President Donald Trump unveiled new tariffs on April 2, the stock market experienced significant turmoil. By Friday evening, the S&P 500 closed down 6%, the Nasdaq Composite dropped 5.8%, the Dow Jones Industrial Average plummeted over 2,200 points, or about 5.5%, and the Russell 2000 Index slipped 4%. Since its December high, the Nasdaq is down 22%, and the S&P is down about 17% since its February high. Some crypto-related stocks did better during the week, with MicroStrategy (MARA), founded by Bitcoin (BTC) bull Michael Saylor, rising by over 6.7%. Coinbase (COIN), the biggest crypto exchange, was also mentioned positively in the context.

Codex Raises $16m in Seed Round Led by Dragonfly Capital

Codex, an AI and blockchain startup, announced a $15.8 million seed round led by Dragonfly Capital. Other participants included Coinbase, Circle, Cumberland, Wintermute, and Selini Capital. The funding comes as several startups at the intersection of AI, blockchain, and fintech announced funding rounds this week.