Coinbase Global (COIN) News Today

Shares of Coinbase Global, Inc. (COIN) have seen mixed action recently, rallying on bullish analyst revisions and strategic rollouts but retreating amid heightened short‐selling activity and legal inquiries.

• Jefferies Financial Group raised its price target on COIN from $210 to $260, supporting a 1.6% uptick after an analyst upgrade.
• Seeking Alpha initiated coverage with a “Buy” rating, calling Coinbase the winner of Bitcoin’s institutional adoption wave.
• In Bermuda, Coinbase partnered with Penrose Partners to deploy one of the world’s first compliant stablecoin airdrops, onboarding 250 residents at the Digital Finance Forum.
• Coinbase aided law enforcement in dismantling a $20 million spoofing scheme targeting its platform, demonstrating enhanced security measures.
• A Barron’s feature contrasted Robinhood and Coinbase performance, highlighting divergent growth trajectories without a direct stock recommendation.
• TipRanks reiterated a “Hold” rating on COIN, citing mixed recent performance and strategic M&A activity.
• Coinbase has appealed a federal court’s traceability ruling to the Third Circuit, seeking clarity on crypto transaction liability.
• Short interest in COIN jumped 28.2% in May to 12.67 million shares, indicating growing bearish positioning.
• Bronstein, Gewirtz & Grossman launched an investigation into potential claims against Coinbase, signaling elevated legal risk.
• MarketBeat reported a 4.6% sell‐off after investors weighed ongoing regulatory scrutiny and increased downward pressure from short sellers.