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VanEck Digital Transformation ETF
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Bernstein’s Chhugani Remains Bullish on Coinbase Global (COIN) with $510 PT

Bernstein's Gautam Chhugani maintains a "Buy" rating on Coinbase Global, Inc. (NASDAQ:COIN) with a $510 price target, highlighting it as a top crypto-related stock. Monness Crespi also upgraded COIN from "Neutral" to "Buy."

MSN·
US
COIN
+0.94%
US
CONL
+1.89%
HK
07311
+28.21%
MSN·
US
COIN
+0.94%
US
CONL
+1.89%
HK
07311
+28.21%

What does being "removed" from the index mean for the "leading stock in the crypto circle" MTSR?

Index provider MSCI has proposed to potentially remove "digital asset treasury companies" from its global investable market index, with MicroStrategy being a typical representative of such companies. According to JP Morgan analysis, if removed, MicroStrategy's valuation will face "considerable pressure," potentially triggering funds tracking the MSCI index to sell approximately $2.8 billion in stocks. Over the past year, the company's stock price has already fallen by 57%

Wallstreetcn·
US
MSTR
-3.74%
Wallstreetcn·
US
MSTR
-3.74%

Strategy Vice President sold 58,000 shares of MSTR as BTC fell below $85,000.

Strategy Executive Vice President Shao Wei-Ming sold 58,004 MSTR shares, cashing out $13 million as BTC fell below $85,000. BTC's current price is $84,982.36, with a 24-hour drop of 2.55%. The market is volatile, and investors are advised to manage risks. Additionally, Bitwise CIO Matt Hougan identifies $84,000 as a key BTC support level, with potential pullback to $70,000. Meanwhile, LeverageShares plans to launch 3x long/short Bitcoin and Ethereum ETFs in Europe.

CoinLive·
US
MSTR
-3.74%
US
SMST
+7.51%
US
MSTZ
+7.79%
CoinLive·
US
MSTR
-3.74%
US
SMST
+7.51%
US
MSTZ
+7.79%

Coinbase Derivatives to expand 24/7 futures trading for bevy of altcoins including ADA, AVAX, DOGE and SHIB

Coinbase Derivatives plans to expand 24/7 trading for altcoin futures including ADA, AVAX, DOGE, and SHIB starting Dec. 5. This expansion adds to existing nonstop trading for Bitcoin, Ethereum, Solana, and XRP. Coinbase aims to introduce U.S. perpetual-style futures for these altcoins, featuring a five-year expiration. The move follows Coinbase's acquisition of Deribit and reflects a shift towards decentralized trading platforms.

The Block·
US
COIN
+0.94%
US
CONL
+1.89%
HK
07311
+28.21%
The Block·
US
COIN
+0.94%
US
CONL
+1.89%
HK
07311
+28.21%

Strategy's Michael Saylor on the crypto sell-off and the company's approach to buying more bitcoin

Michael Saylor, executive chairman of Strategy, discussed the current crypto sell-off and the company's strategy for purchasing more Bitcoin at the Clear Street Disruptive Technology Conference in Palm Beach, Florida.

MSN·
US
MSTR
-3.74%
MSN·
US
MSTR
-3.74%