Coinbase Global (COIN) shares surged 16.3% after Senate passed stablecoin bill

From Nasdaq
June 19, 2025 10:16:00 AM:

Coinbase Global, Inc. (COIN) shares closed 16.3% higher at $295.29, driven by impressive trading volume. The surge followed the Senate passing a stablecoin bill, favoring COIN. They aim to make USDC the dominant dollar-backed stablecoin globally, aligning with their international expansion strategy.

COIN is expected to post quarterly earnings of $0.91 per share, a -15% change year-over-year, with revenues of $1.54 billion, up 6.3%. Positive earnings estimate revisions could lead to price appreciation. COIN currently holds a Zacks Rank #3 (Hold) in the Financial – Miscellaneous Services industry.

WisdomTree, Inc. is projected to report earnings of $0.17 per share, up +6.3% from the previous year. The stock holds a Zacks Rank of #3 (Hold). This opportunity allows access to Zacks’ portfolio services for $1, with no obligation to spend more. Thousands have benefitted from this offer.

Read more at Nasdaq: Strength Seen in Coinbase Global (COIN): Can Its 16.3% Jump Turn into More Strength?