Coinbase

Coinbase stock fell about 4.4% in premarket trading after Bitcoin lost roughly 2.9% and Ether fell more sharply, triggering a broad pullback in crypto stocks. Weighing on sentiment were the uncertain vote on the Digital Asset Market Clarity Act in the US Senate and the upcoming Fed rate decision, which made investors risk-averse. Analyst Compass Point recently upgraded Coinbase from "sell" to "neutral" and set a $177 price target, while the stock traded around $183.11 and remained well below earlier intraday highs. » Altro su de.investing.com

Coinbase shares rose about 6% after Compass Point upgraded the stock to Neutral and raised its price target to $177, citing a Bitcoin rebound. The uplift comes ahead of a scheduled Senate vote on the Digital Asset Market Clarity Act, a binary catalyst for the exchange. Analyst Ed Engel nonetheless expects the bill to fail, leaving regulatory uncertainty as a near-term risk despite the stock's rebound. » Altro su finance.yahoo.com

Coinbase is partnering with payments infrastructure provider Moov to let over 1,000 community banks and credit unions offer stablecoin acceptance, settlement and real-time funding without building their own crypto infrastructure. Moov will integrate Coinbase Developer Platform custodial wallet accounts and Payments API to support consumer payments, merchant acceptance, merchant settlement and payouts. The move aims to help smaller institutions provide digital-asset services as stablecoins grow in payment and financial-use cases. » Altro su finance.yahoo.com