Coinbase Shares Surge to Record High Amid Crypto Market Rally
Coinbase shares reached an all-time high as US crypto equities, including Circle (CRCL), experienced a significant rally. This surge reflects growing institutional interest, regulatory clarity, and product expansion in the cryptocurrency sector. The 10% daily rise in Circle's stock further highlights the bullish momentum in crypto-related equities.
Coinbase Shares Hit All-Time High Amid US Crypto Stocks Rally
Coinbase shares surged to a record high as US crypto equities experienced a broad rally, with Circle (CRCL), the issuer of USDC stablecoin, also posting significant gains. The 10% daily rise in Circle's stock marks another milestone in its post-IPO performance.
Regulatory clarity, product expansion, and growing institutional interest have created a favorable environment for crypto equities. Coinbase's rally coincides with strategic moves, including the launch of its Base Layer-2 network and expansion into the regulated EU market.
The exchange has accelerated token listings and plans to introduce US perpetual-style futures, an institutional-grade product set to launch on July 21. These developments, coupled with momentum from the recently passed GENIUS Act, are reshaping market sentiment around crypto assets.
Cardano's cbADA Launch Fails to Stir Market as ADA Prices Slide
Coinbase's introduction of cbADA, a wrapped version of Cardano's ADA token on its Base network, has done little to buoy the altcoin's fortunes. Despite the 1:1 asset-backed bridge to Ethereum's DeFi ecosystem, ADA prices dropped 3% to $0.564 amid rising trading volume—a classic bearish divergence.
The market's skepticism appears justified. ADA's long/short ratio sits at 0.96, revealing overwhelming short positioning. When volume spikes during price declines, it signals capitulation rather than accumulation. For now, traders are voting with their wallets, treating the Coinbase integration as a sell-the-news event rather than a fundamental breakthrough.
Trump Coin Price Prediction: $7.5 Million Pulled from Liquidity Pool – Is the Trump Team Cashing Out?
Speculation mounts as $7.5 million is withdrawn from the TRUMP meme coin liquidity pool, signaling potential insider moves to cash out. The token, closely tied to former U.S. President Donald Trump's social influence, now trades 45% below its late-May peak after a high-profile presidential dinner for top holders.
Smart money tracker Lookonchain reports the TRUMP team moved $4.4 million in USDC and $3.12 million worth of TRUMP tokens on June 25. The USDC was bridged to Ethereum, while the remaining TRUMP tokens were transferred to a new Coinbase wallet. Whale sell-offs have accelerated following the liquidity withdrawal, raising questions about the coin's sustainability without fresh retail interest.
Coinbase Stock Hits Record High as Crypto Optimism Returns
Coinbase shares surged to $382 on Thursday, marking their highest level since the company's 2021 Nasdaq debut. The stock, which plummeted over 90% during the 2022 crypto winter, has rebounded sharply—more than doubling in recent months amid renewed confidence in digital assets.
Investor enthusiasm stems from growing stablecoin adoption, institutional participation, and clearer U.S. regulations. Coinbase Payments, the exchange's latest initiative, leverages its ethereum Layer-2 network Base to enable global merchants to accept USDC payments seamlessly. Early integrations include Shopify.
A revenue-sharing agreement with Circle, the issuer of USDC, further bolsters Coinbase's position in the stablecoin market. The exchange earns a portion of the yield generated by USDC's reserve assets.
Broader market tailwinds add to the momentum. As traditional equities like the S&P 500 and Nasdaq reach record highs, crypto-linked stocks such as Robinhood are also attracting strong interest. Benchmark recently raised its price target for Coinbase to $421, citing long-term growth potential.
