Movement Alert|Coinbase Global Rises 5.49% in Regular Trading, Circle OCC Approval to Establish National Trust Bank Boosts Crypto Sector

Market Focus07-10

On July 10, Coinbase Global rose 5.49% in regular trading, trading at $166.70/share, with turnover of $119 million.

On the news front, stablecoin issuer Circle, which is deeply tied to Coinbase, received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. This milestone event significantly lifted overall sentiment across the crypto industry, with clear sector-wide linkage effects. Circle also rose over 5% in the session.

Additionally, Coinbase previously secured a MiCA license in Luxembourg, positioning it as the EU business hub. Bernstein has designated Coinbase as an Everything Exchange, citing its expansion into tokenized stocks, perpetual contracts, and CFTC-regulated crypto derivatives. Autonomous Research recently raised its price target from $148 to $156, while the analyst consensus target stands at $231.29. ARK Invest also accumulated 68,366 shares worth approximately $10.19 million on June 26.

(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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