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Coinbase Glb

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

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Investors with a lot of money to spend have taken a bullish stance on Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COIN, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 30 uncommon options trades for Coinbase Glb.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 30%, bearish.
Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,061,588, and 12 are calls, for a total amount of $838,668.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $570.0 for Coinbase Glb during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coinbase Glb's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coinbase Glb's significant trades, within a strike price range of $200.0 to $570.0, over the past month.
<h3>Coinbase Glb Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732632449_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/29/24</td>
<td>$21.25</td>
<td>$18.15</td>
<td>$19.43</td>
<td>$285.00</td>
<td>$171.0K</td>
<td>371</td>
<td align="right">22</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.2</td>
<td>$7.65</td>
<td>$8.44</td>
<td>$380.00</td>
<td>$155.2K</td>
<td>997</td>
<td align="right">192</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$14.8</td>
<td>$13.9</td>
<td>$14.17</td>
<td>$300.00</td>
<td>$141.7K</td>
<td>885</td>
<td align="right">49</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$21.5</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$320.00</td>
<td>$105.0K</td>
<td>2.8K</td>
<td align="right">6</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$21.5</td>
<td>$21.0</td>
<td>$21.0</td>
<td>$320.00</td>
<td>$105.0K</td>
<td>2.8K</td>
<td align="right">106</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Glb</h3>
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
In light of the recent options history for Coinbase Glb, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Coinbase Glb's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,010,886, the price of COIN is down by -2.78%, reaching $303.55.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 79 days from now.</li>
</ul>
<h3>Expert Opinions on Coinbase Glb</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $265.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for Coinbase Glb, targeting a price of $280. 
&#x2A; An analyst from Mizuho persists with their Underperform rating on Coinbase Glb, maintaining a target price of $178. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Coinbase Glb, which currently sits at a price target of $358. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Coinbase Glb with a target price of $214. 
&#x2A; Reflecting concerns, an analyst from HC Wainwright &amp; Co. lowers its rating to Buy with a new price target of $295.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Coinbase Glb, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

A Closer Look at Coinbase Glb's Options Market Dynamics

Bitcoin-related stocks saw a decline in Tuesday&#8217;s pre-market trading as Bitcoin&#8217;s price slipped from its recent highs. The cryptocurrency&#8217;s rally appears to be losing steam after nearing the significant $100,000 milestone.
What Happened: Bitcoin, often dubbed &#8220;King Crypto,&#8221; was trading at $93,590.38 at 5:00 AM Eastern Time. A prominent trader has warned that if Bitcoin fails to break through the $100,000 resistance level, it could experience a significant correction, potentially dropping to $85,600 in a worst-case scenario.
As Bitcoin&#8217;s momentum seems to be waning, stocks tied to the cryptocurrency also face declines. As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) dropped by 3.63%, MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell by 3.33%, and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) decreased by 3.40% in pre-market trading on Tuesday.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Saylor Reveals MicroStrategy Is &#8216;Making $500M A Day&#8217; With Bitcoin: &#8216;May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now&#8217;</a>
Why It Matters: The recent dip in Bitcoin&#8217;s price comes amid a broader <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42163156/why-bitcoins-rally-is-stalling-below-100000">cooling of bullish sentiment </a>in the cryptocurrency market. According to&nbsp;Santiment data, the enthusiasm that fueled a prolonged rally since September is waning, especially for major cryptocurrencies like Bitcoin and Ethereum. 
Adding to the concerns, a&nbsp;crypto analyst&nbsp;known for accurately predicting the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42154900/crypto-expert-who-called-2022-market-crash-warns-about-bitcoin">2022 market crash</a> has warned that Bitcoin may be approaching a local top. The analyst, known as Capo, has highlighted indicators such as overextended bullish sentiment and diminishing momentum as signs that a correction could be imminent.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42173805/bitcoin-dogecoin-dip-ethereum-stays-green-trader-predicts-first-major-btc-correction-only-after-one-key-level-hits?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Stays Green: Trader Predicts &#8216;First Major BTC Correction&#8217; Only After One</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

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MicroStrategy, Coinbase, And Other Bitcoin-Linked Stocks Tumble As BTC's March To $100,000 Stalls

STOCK CLIMBS OVER 7% AT ITS HIGH, SIGNAL OCCURS AFTER EARLY WEAKNESS IN COIN
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="864" height="709" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/25210401/Screen-Shot-2024-11-25-at-4.08.18-PM.png" alt="" class="wp-image-3606" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/25210401/Screen-Shot-2024-11-25-at-4.08.18-PM.png 864w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/25210401/Screen-Shot-2024-11-25-at-4.08.18-PM-300x246.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/25210401/Screen-Shot-2024-11-25-at-4.08.18-PM-768x630.png 768w" sizes="(max-width: 864px) 100vw, 864px" /></figure>
Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:01 AM on November 25th, a significant trading signal occurred for Coinbase Global , Inc. as it demonstrated a Power Inflow at a price of $294.76. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Coinbase&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Coinbase&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for COIN, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved
After Market Close UPDATE:
The price at the time of the Power Inflow was $294.76. The returns on the High price ($317.46) and Close price ($312.30) after the Power Inflow were respectively 7.5% and 6.0%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

Signals

Tradepulse Power Inflow Alert: Coinbase Global Inc. Climbs Over 20 Points After Signal

Oppenheimer analyst Owen Lau maintains Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Outperform and raises the price target from $265 to $358.

Price Target

Oppenheimer Maintains Outperform on Coinbase Glb, Raises Price Target to $358

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The Dow Jones Industrial Average gained around 2% this week, with the S&amp;P 500 and Nasdaq each rising approximately 1.7%. Despite NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surpassing analysts&#8217; expectations for Q3 earnings and revenue, its stock traded flat, leaving the market&#8217;s rebound to unfold independently of its AI momentum. 
Meanwhile, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) faced a steep decline after the DOJ pushed for Chrome&#8217;s divestiture, erasing over $120 billion in market cap on Thursday. 
On the economic side, November saw strong U.S. private sector growth, with S&amp;P Global&#8217;s PMI showing the services sector expanding at its fastest rate since March 2022, while inflation pressures eased, <a href="https://www.benzinga.com/news/global/24/11/42148498/wall-street-rebounds-without-its-ai-darlings-boost-king-dollar-maintains-dominance-while-bitcoin-defies-gravity-this-week-in-the-markets">aiding the Fed&#8217;s outlook.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/24/11/42072727/exclusive-bitcoin-advocate-anthony-pompliano-says-coinbase-is-similar-to-apple-has-something-that-cant-be-bought">EXCLUSIVE: Bitcoin Advocate Anthony Pompliano Says Coinbase Is Similar To Apple, &#8216;Has Something That Can&#8217;t Be Bought&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, features Anthony Pompliano comparing Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), emphasizing its trust and brand power as a leading crypto platform attracting new investors during a pro-crypto administration.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42097462/dogecoin-millionaire-shares-50-million-meme-coin-strategy-for-2025-pepe-brett-are-this-bull-runs-doge-shiba-inu">Dogecoin Millionaire Shares $50 Million Meme Coin Strategy For 2025: Pepe, Brett Are This Bull Run&#8217;s DOGE, Shiba Inu</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, details Glauber Contessoto&#8216;s diversified $50 million investment strategy for 2025. The strategy predicts that Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) and Brett (CRYPTO: BRT) will dominate the next bull market, following the success patterns of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42102652/michael-saylors-microstrategy-takes-wall-street-by-storm-becomes-second-most-traded-stock-after-nvidia">Michael Saylor&#8217;s MicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, highlights MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) surpassing trading volumes of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc., finishing second to NVIDIA Corp. after a surge in Bitcoin-related (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) market interest.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/24/11/42082542/supermicro-computer-shares-soar-32-as-it-avoids-nasdaq-delisting-but-analysts-are-not-convinced-heres-whats-coming-next-for-smci">Super Micro Computer Shares Soar 32% As It Avoids Getting Booted Off Nasdaq, But Analysts Are Not Convinced: Here&#8217;s What&#8217;s Coming Next For SMCI</a>
<a href="https://www.benzinga.com/general/gaming/24/11/42047265/gamestop-adds-nat-turner-to-board-does-the-move-show-bigger-bet-on-trading-cards-grading">GameStop Adds Nat Turner To Board: Does The Move Show Bigger Bet On Trading Cards, Grading?</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42096407/microsoft-one-of-the-most-compelling-investment-opportunities-says-goldman-sachs">Microsoft &#8216;One Of The Most Compelling Investment Opportunities,&#8217; Says Goldman Sachs</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/large-cap/24/11/42094649/nvidia-stock-historically-drops-in-december-after-q3-earnings">Nvidia Stock Historically Drops In December After Q3 Earnings</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, highlights that NVIDIA Corp. has historically struggled in December, with an average 1.84% decline and only 40% of Decembers closing positive since 2014, despite strong Q3 earnings. 
&#8220;<a href="https://www.benzinga.com/general/sports/24/11/42094958/netflix-faces-class-action-lawsuit-over-streaming-crashes-during-jake-paul-mike-tyson-fight">Netflix Faces Class-Action Lawsuit Over Streaming Crashes During Jake Paul, Mike Tyson Fight</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, reports on Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) facing legal action for technical issues during the Jake Paul vs. Mike Tyson boxing match, which attracted over 108 million viewers, making it the most-streamed sporting event ever but resulting in service disruptions that sparked subscriber lawsuits.
&#8220;<a href="https://www.benzinga.com/24/11/42097477/muddy-waters-carson-block-is-betting-against-elf-beauty-short-seller-believes-company-is-overstating-revenue-earnings-major-red-flag">Muddy Waters&#8217; Carson Block Bets Against E.L.F. Beauty: Short Seller Says Retailer&#8217;s Financials Show &#8216;Major Red Flag&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, details Carson Block&#8216;s short position against e.l.f. Beauty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), alleging inflated revenues of $135-$190 million over three quarters, citing discrepancies between reported growth and U.S. Customs import data.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/24/11/42097545/feds-bowman-warns-on-inflation-risks-signals-neutral-rate-may-be-closer">Fed&#8217;s Bowman Warns On Inflation, Says Neutral Interest Rates May Be Closer &#8216;Than We Currently Think&#8217;</a>
<a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">Target Q3 Earnings: Supply Chain Chaos Hits Bottomline, Slashes Annual Profit Outlook, Stock Tanks</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">Bitcoin Analyst Warns Of &#8216;4-6 Flash Crashes&#8217; Before Year-End As It Inches Closer To $100K: That&#8217;s The Moment Altcoins &#8216;Shoot Off&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.

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NVDA

Benzinga Bulls And Bears: Coinbase, MicroStrategy, Nvidia, e.l.f. Beauty - And Dogecoin Millionaire Predicts 2025 Meme Kings

CNBC's Jim Cramer, host of Mad Money and frequent source of contrarian market indicators, recently voiced his support for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) during his "Lightning Round," causing a stir <a href="https://www.benzinga.com/markets/equities/24/03/37824615/inverse-cramer-strikes-again-nvidia-opens-3-lower-after-mad-money-host-poses-with-pals-internet-">among crypto enthusiasts</a>.
What Happened: During the segment, Cramer recommended a trader invest in Bitcoin rather than MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the software company heavily invested in Bitcoin. 
&#8220;I prefer actually to own Bitcoin,&#8221; he stated, calling it a &#8220;clear winner.&#8221;
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JIM CRAMER: "All I can tell you is own Bitcoin, that's a winner" It's over <a href="https://t.co/l5Mx3VTsA3">pic.twitter.com/l5Mx3VTsA3</a>
&mdash; Inverse Cramer (@CramerTracker) <a href="https://twitter.com/CramerTracker/status/1859976961067737124?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
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Crypto Twitter Reacts
For those unfamiliar, the &#8220;Inverse Cramer&#8221; phenomenon hinges on the belief that doing the opposite of what Cramer recommends yields a profit.
The crypto community, notorious for its skepticism toward Cramer&#8217;s predictions, reacted with a mix of humor and dread:
The Block Editor-in-Chief Tim Copeland <a href="https://x.com/Timccopeland/status/1859979912985346471">tweeted</a> "that&#8217;s it we&#8217;re going to zero"
Crypto news outlet Milk Road <a href="https://x.com/MilkRoadDaily/status/1859978807874359336">quipped</a>, "Pack up your bags, sell everything. Bull market is cancelled." 
Crypto trader Ash Crypto <a href="https://x.com/Ashcryptoreal/status/1859958172246741022">jokingly</a> wondered if this is a sell signal.
Veteran financial analyst and whale investor Jacob King shared a chart showcasing Bitcoin&#8217;s historical price dips following Cramer's remarks on crypto.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Jim Cramer just turned bullish on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. &#x1f4c8; Saving this for the record—let&#39;s see how this ages. <a href="https://t.co/e8vnMxg4Bd">pic.twitter.com/e8vnMxg4Bd</a>
&mdash; Jacob King (@JacobKinge) <a href="https://twitter.com/JacobKinge/status/1859979524487909769?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
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Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138947/bitcoin-zeroes-in-on-100000-but-this-indicator-signals-one-more-brief-correction">Bitcoin Zeroes In On $100,000, But This Indicator Signals One More Brief Correction</a>
Cramer&#8217;s Previous Predictions
In January, Cramer claimed, &#8220;We are very far from the bottom in crypto.&#8221; 
Bitcoin fell 4% in 24 hours, <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36683478/bitcoin-slips-below-41-000-after-jim-cramers-far-from-the-bottom-tweet-what-happened-to-in">sinking below $41,000</a>—the lowest since the launch of spot Bitcoin ETFs.
However, Cramer also recently <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42068776/jim-cramer-coinbase-is-a-winner-suggests-buying-this-hated-big-pharma-stock">highlighted</a> Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Global as a winner, saying, "These are stocks that there are buyers every time they pull back and there probably will be to year end. Coinbase is a winner."
Why It Matters: The &#8220;Inverse Cramer&#8221; joke plays on the tendency for markets to move counter to his predictions, earning him notoriety in the crypto world. 
While Cramer's Bitcoin endorsement might amuse traders, it also stirs caution among those who've witnessed similar trends in the past.
There has been no definitive proof of counter-trading Cramer&#8217;s predictions being a profitable strategy. An &#8216;inverse Cramer ETF&#8217; launched in October 2022 <a href="https://www.benzinga.com/etfs/specialty-etfs/24/01/36793492/exclusive-inverse-cramer-etf-shuts-down-how-the-magnificent-7-stocks-factor-in-and-a-broken-c#:~:text=An%20ETF%20that%20generated%20headlines,shut%20the%20fund%20was%20made.">shut down in January</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">Bitcoin Analyst Warns Of &#8216;4-6 Flash Crashes&#8217; Before Year-End As It Inches Closer To $100K: That&#8217;s The Moment Altcoins &#8216;Shoot Off&#8217;</a></li>
</ul>
Image: Shutterstock

Jim Cramer Says 'Own Bitcoin, That's A Winner,' Crypto Community Scoffs: 'Pack Up Your Bags, Sell Everything'

Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In October 2024 — Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a>
Here's a look at the Benzinga Stock Whisper Index for the week ending Nov. 22:
Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>): Reader interest in Delta comes after the company <a href="https://www.benzinga.com/24/11/42087211/delta-charts-its-path-to-high-margins-and-shareholder-gains-at-2024-investor-day">hosted an investor day</a> in New York. Among the items shared at the investor day were goals of mid-teen operating margins, 10% average annual EPS growth and $3 billion to $5 billion in annual free cash flow over the next three to five years. 
Delta could also be seeing interest with the new White House administration being ushered in. Delta CEO Ed Bastian <a href="https://www.benzinga.com/news/global/24/11/42106369/delta-chief-says-trump-could-be-a-breath-of-fresh-air-for-aviation-industry">recently said</a> President-elect Donald Trump could provide a "breath of fresh air" for the airline sector after years of "overreach." The Biden administration passed various regulations that protected airline consumers, including automatic refunds after canceled flights and a requirement for airlines to disclose all additional fees and taxes upfront.
Delta also announced it <a href="https://www.benzinga.com/24/11/42095549/delta-will-serve-shake-shack-burgers-as-airline-continues-catering-to-first-class">will start serving</a> Shake Shack burgers to first-class passengers on some flights.
The carrier&#8217;s shares were down over the past week, but remain up over 50% year-to-date. The <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below shows the five-day performance.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="507" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120812/Screenshot-246.png" alt="" class="wp-image-661374" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120812/Screenshot-246.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120812/Screenshot-246-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120812/Screenshot-246-768x391.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>): Bill Ackman's Pershing Square has increased its bet on the apparel company. After <a href="https://www.benzinga.com/news/24/08/40381979/nike-stock-sprints-higher-after-the-bell-as-bill-ackmans-pershing-square-reveals-new-stake">taking a 3 million</a> share stake in the second quarter, a new filing revealed that Ackman added 13 million shares in the third quarter. His firm now owns <a href="https://www.bizjournals.com/portland/news/2024/11/19/nike-bill-ackman-investor-shares-purchased.html">around </a>1.3% of the company. Nike shares trade near 52-week lows after <a href="https://www.benzinga.com/news/earnings/24/10/41129610/nike-q1-earnings-revenue-miss-eps-beat-teams-energized-amid-ceo-transition-a-comeback-at-this-scale">first-quarter financial results</a> saw revenue miss analyst estimates and analysts weigh how quickly a new CEO can help turnaround the company.
"A comeback at this scale takes time, but we see early wins – from momentum in key sports to accelerating our pace of newness and innovation," Nike CFO Matthew Friend said after the Q1 results. "Our teams are energized as Elliott Hill returns to lead Nike's next stage of growth."
Investors could also be closely watching Nike stock to see how <a href="https://www.benzinga.com/markets/asia/24/11/41796941/trump-2-0-a-sneaker-heads-nightmare-your-next-pair-of-nikes-or-vans-could-cost-a-pretty-penny-heres">big of an impact </a>Trump's promise to increase tariffs on other countries could hurt the company.
Nike shares were up slightly on the week and remain down over 27% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120829/Screenshot-247.png" alt="" class="wp-image-661378" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120829/Screenshot-247.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120829/Screenshot-247-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120829/Screenshot-247-768x388.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Autodesk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>): The software company is seeing strong interest from Benzinga readers ahead of third-quarter financial results scheduled for Tuesday, Nov. 26. Analysts expect the company to report quarterly revenue of $1.56 billion, up from $1.41 billion in last year's third quarter. Analysts also expect quarterly earnings per share of $2.12, up from $2.07 in last year's third quarter. 
Autodesk has beaten analyst estimates for revenue and earnings per share both in five straight quarters. Over the last 10 quarters, Autodesk has beaten analyst estimates for revenue eight times and earnings per share eight times. The company said that it <a href="https://www.benzinga.com/news/earnings/24/08/40639874/autodesk-stock-jumps-5-on-q2-earnings-the-details">was focusing on </a>disciplined execution and seeing GAAP margins among the best in the sector.
Autodesk CEO Andrew Anagnost said these factors &#8220;will deliver sustainable shareholder value over many years.&#8221;
Some <a href="https://www.benzinga.com/quote/ADSK/analyst-ratings">recent analyst ratings </a>and price targets are listed below:
<ul>
<li>Wells Fargo: Maintained Overweight rating, raised price target from $340 to $350</li>
<li>Morgan Stanley: Maintained Overweight rating, raised price target from $320 to $375</li>
<li>KeyBanc: Maintained Overweight rating, raised price target from $325 to $330</li>
<li>Scotiabank: Initiated with Sector Outperform rating, $360 price target</li>
<li>Baird: Maintained Outperform rating, raised price target from $305 to $330</li>
<li>Stifel: Maintained Buy rating, raised price target from $320 to $340</li>
<li>Barclays: Maintained Overweight rating, raised price target from $310 to $355</li>
</ul>
Autodesk shares were up 6% over the last five days and are up around 35% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120851/Screenshot-251.png" alt="" class="wp-image-661379" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120851/Screenshot-251.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120851/Screenshot-251-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120851/Screenshot-251-768x389.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>): The cryptocurrency company is seeing strong interest as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to smash through new all-time highs and near the $100,000 level. 
The rising valuation of other cryptocurrencies could also help offset concerns from Coinbase's recently reported third quarter, which saw revenue and earnings per share miss Street estimates. Trading volume and transaction revenue were down 18% and 27% quarter-over-quarter respectively in <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41637702/coinbase-q3-earnings-highlights-revenue-miss-eps-miss-transaction-revenue-falls-from-q2">the third quarter</a>. 
The <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">pro-crypto</a> stance of the incoming Trump administration also boosted interest in cryptocurrency-related companies like Coinbase.
Coinbase stock was up on the week, but trailed the 9.5% gains of Bitcoin. Coinbase stock is up 93.5% year-to-date in 2024, also trailing the year-to-date 122.5% gains for Bitcoin.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120907/Screenshot-252.png" alt="" class="wp-image-661380" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120907/Screenshot-252.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120907/Screenshot-252-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120907/Screenshot-252-768x387.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>): The world's largest alternative asset manager <a href="https://www.blackstone.com/news/press/jersey-mikes-to-partner-with-blackstone-to-accelerate-leading-franchisors-continued-growth/">announced </a>plans to acquire a majority stake in Jersey Mike's, a fast-casual restaurant brand. 
While Blackstone won't IPO Jersey Mike's anytime soon. Still, it could benefit from the likelihood that more big IPOs are expected in 2025. 
Reuters reports that medical supply firm Medline, which is partially owned by Blackstone, seeks a $5-billion IPO.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120922/Screenshot-253.png" alt="" class="wp-image-661381" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120922/Screenshot-253.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120922/Screenshot-253-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22120922/Screenshot-253-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/11/41693907/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">November 1</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/24/11/41856335/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-42" target="_blank" rel="noreferrer noopener">November 8</a></li>
<li><a href="https://www.benzinga.com/general/space/24/11/42013739/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-43">November 15</a></li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42094292/stock-of-the-day-is-delta-airlines-about-to-takeoff">Stock Of The Day: Delta Air Lines Bullish Pattern Suggests Upside Ahead</a></li>
</ul>

Exclusives

ADSK

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Jack Mallers, CEO of payment platform Strike, has made a powerful case for the United States to embrace Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121376/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis">strategic reserve asset</a>.
What Happened: In an <a href="https://x.com/jackmallers/status/1859608923344421177">interview</a> with CNBC on Thursday, Mallers compared the potential adoption of Bitcoin by the U.S. government to pivotal moments in economic history, including Nixon's departure from the gold standard in 1971.
<h3 class="wp-block-heading">A Vision For Bitcoin As A National Asset</h3>
Mallers argued that Bitcoin's decentralized and transparent nature aligns perfectly with American values such as equal rights and open opportunity. 
He described Bitcoin as &#8220;an asset that was accessible to the people 15 years ago, that the people own. Governments only own 2, 3, 4% of this asset.&#8221;
According to Mallers, embracing Bitcoin is a way for the U.S. to remain <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">competitive and innovative</a>.
"It acts in the best interest of the public. It's pro jobs, it's pro energy, it's pro industry, it's pro growth," he said. 
Highlighting the national debt crisis, Mallers rhetorically asked, &#8220;Does anyone else have a plan to get us out of debt? Are we going to start a lemonade stand out here in Times Square? No. How about the best-performing asset in the history of mankind?&#8221;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum">Solana Hits $264 Record High As ETF Filings, Regulatory Optimism Drive Market Momentum</a>
<h3 class="wp-block-heading">Missed Opportunities And Future Growth</h3>
Mallers dismissed the notion that people are &#8220;too late&#8221; to invest in Bitcoin, calling it a distraction rooted in comparison to early adopters. 
"People think they're late to Bitcoin. I don't understand that. Late according to who? Over the last 15 years, the best thing you could have done is buy Bitcoin," he said. 
Mallers went on to assert that this would hold true for the &#8220;next 1,500 years.&#8221;
With the U.S. national debt ballooning and global competitors embracing Bitcoin, Mallers emphasized the urgency of acting now. 
"As a country, I think we have a choice. I think the worst thing we can do is not own enough," he warned. 
He urged the U.S. to support its homegrown crypto businesses, saying, "Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) is an American company, Strike is an American company, Kraken is an American company. Let's support these businesses, let's support this industry."
<h3 class="wp-block-heading">Pro-Growth And Pro-Innovation</h3>
Mallers aligned Bitcoin adoption with the values of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">incoming U.S. administration</a>, which he sees as an opportunity to drive growth and innovation.
"As this new administration takes office, we have to make a decision. To de-risk this, we should buy some Bitcoin and push American ideals in technology and innovation through the best-performing asset and technology in mankind," he said.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">MicroStrategy Trading At &#8216;Insane&#8217; 256% Premium To Bitcoin Holdings, Research Shows</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Strike CEO Jack Mallers: 'Bitcoin Is The Best Performing Asset In The History Of Mankind'

Institutional investment in the cryptocurrency space is poised for a massive influx, with hundreds of billions of dollars expected to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138947/bitcoin-zeroes-in-on-100000-but-this-indicator-signals-one-more-brief-correction">enter the market</a> in the coming years, according to Devin Ryan, managing director at JMP Securities.
What Happened: In an <a href="https://www.cnbc.com/video/2024/11/22/crypto-boom-drives-investment-opportunities-with-coinbase-and-robinhood-leading-the-charge.html">interview</a> with CNBC, Ryan emphasized that the evolving regulatory landscape and the increasing acceptance of Bitcoin exchange-traded funds (ETFs) are key catalysts for this transformative growth.
"We have research out saying $220 billion of assets are coming into Bitcoin ETFs in the next three years," Ryan said. "If there is a strategic reserve, that could be hundreds of billions of dollars of assets into Bitcoin."
Ryan pointed out that trading volumes for companies like Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) have surged since the U.S. presidential election. 
Coinbase volumes, for instance, have tripled, reflecting growing interest in the sector. 
"This activity unlocks a lot of innovation that's been held back," Ryan said, noting the potential for significant growth in payments, remittances, stablecoins, and Web3 applications.
Sarah Kunst, managing director at Cleo Capital, echoed Ryan's optimism, noting that institutional money has been waiting on the sidelines for regulatory clarity. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">MicroStrategy Trading At &#8216;Insane&#8217; 256% Premium To Bitcoin Holdings, Research Shows</a>
Kunst highlighted the new U.S. administration&#8217;s potentially more favorable stance toward mergers and acquisitions (M&amp;A) as a driver for ecosystem growth. 
"I think there are people who have not yet gotten in the game who want to get in the game," she said. "This is really crypto's third act."
Kunst identified key players in the space, including crypto exchanges and infrastructure firms, as potential acquisition targets for larger financial institutions. 
"Names like FalconX, the crypto prime brokerage, and Gemini, the crypto marketplace, are likely to attract attention from big acquirers," she stated.
While Bitcoin CRYPTO: BTC) remains the centerpiece of institutional interest, Kunst sees a broadening investment focus. "Meme coins are dangerous—you can make a lot, but you can lose your shirt," she warned. 
Instead, she pointed to stablecoins and cryptocurrency ETFs as safer options, especially for institutions unable to hold crypto directly.
Ryan reinforced this outlook, emphasizing the importance of capital flows. 
"Follow the flows, and the flows are still coming—we're in the early days," he said. 
Beyond Bitcoin ETFs, Ryan expects tens of billions of dollars to flow into other crypto tokens as regulatory uncertainty diminishes, spurring innovation and further investment in the space.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42136031/charles-schwab-prepares-for-spot-cryptocurrency-trading-under-new-leadership">Charles Schwab Prepares For Spot Cryptocurrency Trading Under New Leadership</a></li>
</ul>
Image: Shutterstock

Bitcoin ETFs Will See Hundreds Of Billions In Inflows, Analyst Predicts

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) reached a <a href="https://www.benzinga.com/money/solana-price-prediction">new all-time high on Friday</a> morning, trading at $264.31 on Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), according to TradingView.
This comes two years after the collapse of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39012343/sol-down-3-as-ftx-bankruptcy-estate-concludes-solana-token-sales">crypto exchange FTX</a>, which had sent Solana prices plummeting.
What Happened: The token gained 18% over the past week, continuing its strong performance in 2024 with a 160% rise since the start of the year.
The collapse of Sam Bankman-Fried's FTX in late 2022 had pushed Solana to a cycle low of just under $10. 
However, the layer-1 blockchain has made a remarkable recovery, driven by several factors, including new exchange-traded fund (ETF) filings for Solana-based products. 
Recent filings from Bitwise, VanEck, 21Shares and Canary Capital to launch <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42011875/solana-ripple-litecoin-etfs-may-be-on-the-table-under-trump-administration-industry-experts-think">spot Solana ETFs</a> have added significant momentum to the asset.
Market analysts are optimistic about Solana's continued rise, setting a price target of $400 now that it has surpassed its previous all-time high of $260. 
SOL's popularity in the current cycle has been fueled by memecoin speculation, as its network provides a cost-effective and efficient platform for minting such tokens.
Beyond meme coins, <a href="https://www.benzinga.com/money/what-is-defi#:~:text=In%20simple%20terms%2C%20DeFi%20involves,is%20Decentralized%20Finance%20(DeFi)%3F">decentralized finance (DeFi) activity</a> on Solana has seen explosive growth.
The total value locked (TVL) on the Solana network has surged more than 500% in 2024, reaching $8.8 billion, according to DefiLlama. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42136031/charles-schwab-prepares-for-spot-cryptocurrency-trading-under-new-leadership">Charles Schwab Prepares For Spot Cryptocurrency Trading Under New Leadership</a>
Why It Matters: The broader cryptocurrency market has also played a pivotal role in Solana's rally.
Optimism about<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report"> friendlier crypto regulations</a> under President-elect Donald Trump has driven overall market enthusiasm.
The total crypto market capitalization hit an all-time high of $3.42 trillion on November 22.
Additionally, the announcement of SEC Chair Gary Gensler's <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">resignation in January</a> has sparked further confidence in the altcoin market.
Gensler, known for his stringent stance on cryptocurrencies, had classified nearly all crypto assets other than Bitcoin as securities during his tenure.
His impending departure has fueled speculation about a more favorable regulatory environment for digital assets.
Solana is not the only altcoin benefiting from the current market momentum. XRP surged by 27% to $1.40 during early trading on Nov. 22, while Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) and Avalanche (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/avax/usd">AVAX</a>) also posted double-digit gains, reflecting broad-based strength in the altcoin market.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42135905/bitcoin-nears-100000-momentum-could-continue-well-beyond-the-milestone-experts-note">Bitcoin Nears $100,000, &#8216;Momentum Could Continue Well Beyond The Milestone,&#8217; Experts Note</a></li>
</ul>
Image: Shutterstock

$ADA

$AVAX

$SOL

Solana Hits $264 Record High As ETF Filings, Regulatory Optimism Drive Market Momentum

Financial giants have made a conspicuous bearish move on Coinbase Glb. Our analysis of options history for Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) revealed 13 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 61% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $199,775, and 9 were calls, valued at $1,065,267.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $470.0 for Coinbase Glb over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coinbase Glb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coinbase Glb's substantial trades, within a strike price spectrum from $80.0 to $470.0 over the preceding 30 days.
<h3>Coinbase Glb 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732287654_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$13.7</td>
<td>$13.1</td>
<td>$13.31</td>
<td>$300.00</td>
<td>$266.0K</td>
<td>3.1K</td>
<td>864</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$215.4</td>
<td>$212.7</td>
<td>$215.4</td>
<td>$80.00</td>
<td>$193.8K</td>
<td>6</td>
<td>0</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/29/24</td>
<td>$7.5</td>
<td>$7.0</td>
<td>$7.28</td>
<td>$320.00</td>
<td>$145.6K</td>
<td>1.9K</td>
<td>10.5K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$86.05</td>
<td>$83.3</td>
<td>$83.74</td>
<td>$215.00</td>
<td>$125.6K</td>
<td>195</td>
<td>21</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$60.0</td>
<td>$57.95</td>
<td>$59.7</td>
<td>$250.00</td>
<td>$119.4K</td>
<td>74</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Glb</h3>
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Following our analysis of the options activities associated with Coinbase Glb, we pivot to a closer look at the company's own performance.
<h3>Current Position of Coinbase Glb</h3>
<ul>
<li>With a volume of 1,995,834, the price of COIN is up 0.17% at $295.74. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 83 days.</li>
</ul>
<h3>What Analysts Are Saying About Coinbase Glb</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $239.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Coinbase Glb, targeting a price of $214. 
&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Coinbase Glb, which currently sits at a price target of $204. 
&#x2A; Reflecting concerns, an analyst from Piper Sandler lowers its rating to Neutral with a new price target of $245. 
&#x2A; Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Coinbase Glb with a target price of $290. 
&#x2A; An analyst from Monness, Crespi, Hardt downgraded its action to Buy with a price target of $245. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Coinbase Glb, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At Coinbase Glb's Recent Unusual Options Activity

The Securities and Exchange Commission&#8217;s (SEC) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">lawsuits against cryptocurrency companies</a> will likely reach settlements once Chair Gary Gensler steps down in January 2025, according to crypto asset manager Pantera&#8216;s chief legal officer Katrina Paglia.
What Happened: Speaking at the North American Blockchain Summit in Dallas on Thursday, Paglia <a href="https://cointelegraph.com/news/sec-lawsuits-quietly-go-away-after-gensler-steps-down-pantera-clo">said</a>, according to Cointelegraph that while the SEC won&#8217;t completely withdraw its claims, many cases will &#8220;quietly go away&#8221; with defendants paying settlements under &#8220;neither admit nor deny&#8221; terms.
&#8220;The regulator will get to make some level of a statement and get something for the value of time and energy spent,&#8221; Paglia said, noting this would be &#8220;very beneficial&#8221; for resolving the extensive litigation.
The comments come as President-elect Donald Trump&#8216;s transition team actively shapes what appears to be a dramatically different approach to crypto regulation. 
See Also: <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">Bitcoin Analyst Warns Of &#8216;4-6 Flash Crashes&#8217; Before Year-End As It Inches Closer To $100K: That&#8217;s The Moment Altcoins &#8216;Shoot Off&#8217;</a>
Why It Matters: The incoming administration is reportedly vetting candidates for the first-ever White House <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">cryptocurrency policy role</a> while major industry players like Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong engage in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114875/coinbase-ceo-brian-armstrong-stands-out-as-candidate-for-donald-trumps-reported-crypto-czar-position-cardano-co-founder-says">high-level discussions</a>.
Industry experts see the potential for <a href="https://www.benzinga.com/24/11/42069770/us-congress-could-set-the-stage-for-broader-crypto-adoption-says-digital-asset-leader">significant policy shifts</a>, with Hunting Hill Global Capital&#8216;s CIO Adam Guren emphasizing the need for &#8220;thoughtful policy&#8221; and clear definitions for digital assets. &#8220;Well-defined classifications would encourage engagement from both individual and institutional investors,&#8221; Guren noted.
The market has responded positively to these developments, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">approaching $100,000</a> amid reports that companies including Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Kraken, and Circle (CRYPTO: USD) are seeking representation on <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">Trump&#8217;s promised crypto advisory council</a>.
The SEC under Gensler&#8217;s leadership has pursued actions against numerous high-profile crypto companies, including Ripple, Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), Kraken, and others, in what many in the industry have characterized as an aggressive regulatory approach.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">Bitcoin&#8217;s Path To $100K &#8216;Inevitable&#8217; But Crypto Community Is &#8216;Leveraged To The Gills,&#8217; Warns Galaxy&#8217;s Mike Novogratz, Predicts Correction To $80K Ahead</a></li>
</ul>
SEC Gary Gensler. Photo by Third Way Think Tank on Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$BNB

$XRP

As Gary Gensler Eyes 2025 Exit, SEC Crypto Cases Could 'Quietly Disappear' Under Trump's Pro-Bitcoin Agenda, Says Pantera Capital's Katrina Paglia

Cryptocurrency Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has soared over the past week, but remains well below the all-time highs <a href="https://www.benzinga.com/24/11/42018208/bitcoin-ethereum-dogecoin-pepe-shiba-inu-benzinga-readers-pick-this-crypto-to-have-the-biggest-gain-before-end-of-2025">set back in 2021.</a>
While Ethereum&#8217;s gains in 2024 are less than those of other cryptocurrencies, the second-largest crypto still trades significantly higher than when it launched in 2015.
What Happened: Ethereum co-founder Vitalik Buterin proposed the digital currency via a 2014 white paper, with the goal of adding scripting to make it easier for application development and to <a href="https://www.benzinga.com/markets/cryptocurrency/21/09/22811912/5-things-you-might-not-know-about-ethereum-creator-vitalik-buterin-3" target="_blank" rel="noreferrer noopener">set up binding contracts.</a>
Ethereum was officially launched on July 30, 2015. During its first calendar year, Ethereum traded between $0.42 and $1.39 with a starting price of around $0.74 according to&nbsp;<a href="https://www.sofi.com/learn/content/ethereum-price-history/" target="_blank" rel="noreferrer noopener">SoFi</a>. The first Ethereum transaction was carried out on Aug. 7, 2015,&nbsp;<a href="https://www.globaldata.com/data-insights/financial-services/ethereums-price-history/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to Global Data.
Ethereum gained momentum thanks to its listing on cryptocurrency platform&nbsp;Coinbase Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>). It became the second-ever cryptocurrency, after&nbsp;Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), to be listed on the platform.
Over the years there have been several major events and updates to Ethereum including the fork of Ethereum 2.0 and&nbsp;Ethereum Classic&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>).
Ethereum saw increased attention and a surge in valuation related to the boom of non-fungible tokens in 2021. Many of the NFTs were built on the Ethereum blockchain, including&nbsp;CryptoPunks&nbsp;and&nbsp;Bored Ape Yacht Club. A record sale of a&nbsp;Beeple&nbsp;NFT&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/03/20134939/beeple-nft-sold-for-a-record-69-million" target="_blank" rel="noreferrer noopener">created interest in NFTs&nbsp;</a>and Ethereum.
Today, Ethereum is the second most valuable cryptocurrency with a market capitalization of $403.1 billion.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42095265/4-reasons-why-ethereum-will-still-outperform-bitcoin-analyst-sees-4000-to-6000-as-target">4 Reasons Why Ethereum Will Still Outperform Bitcoin—Analyst Sees $4,000 To $6,000 As Target</a>
Investing $1,000 in Ethereum:&nbsp;An investment in the second largest cryptocurrency the year it launched would have generated a strong return for investors.
While it was harder to invest in Ethereum prior to its inclusion on major cryptocurrency exchanges, investors were able to purchase the crypto after it launched.
Based on a starting price of $0.74, an investor could have purchased 1,351.35 ETH at the time of launch.
The $1,000 investment in Ethereum at launch would be worth $4,512,009.00 today based on a price of $3,338.89 at the time of writing.
At its all-time high of $4,815 set in November 2021, the $1,000 investment in Ethereum at the time of launch would have been worth $6,506,750.25.
Ethereum has traded between $1,988.12 and $4,092.28 over the last 52 weeks. There is no guarantee that the cryptocurrency will return to yearly or all-time highs.
While many missed out on investing in Ethereum in the early days, the exercise shows that sometimes investing a small amount in a high-conviction idea can have a huge payout in the future.
Ethereum is nearing its one-year high and could be headed towards its all-time high set on Nov. 16, 2021.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/21/10/23210010/the-butterfly-effect-heres-the-crazy-story-of-how-world-of-warcraft-led-to-the-creation-2">The Butterfly Effect: Here&#8217;s The Crazy Story Of How World Of Warcraft Led To The Creation Of Ethereum</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Education

$ETC

$ETH

If You Invested $1,000 In Ethereum At Launch, Here's How Much You'd Have Today

<a href="https://www.bloomberg.com/news/articles/2024-11-21/wall-street-foe-gensler-plans-to-step-down-from-sec-in-january" title="https://www.bloomberg.com/news/articles/2024-11-21/wall-street-foe-gensler-plans-to-step-down-from-sec-in-january">https://www.bloomberg.com/news/articles/2024-11-21/wall-street-foe-gensler-plans-to-step-down-from-sec-in-january</a>

Macro Economic Events

Politics

Economics

Core Scientific, Inc. - Class A Common Stock

CORZ

GREE

SDIG

'SEC Chair Gensler Plans To Step Down From Agency In January' - Bloomberg News

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.00</td>
<td>$469.4K</td>
<td>48.2K</td>
<td>6.5K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$305.00</td>
<td>$55.1K</td>
<td>442</td>
<td>2.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$72.50</td>
<td>$42.2K</td>
<td>13.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$242.50</td>
<td>$34.0K</td>
<td>369</td>
<td>537</td>
</tr>
<tr>
<td>LMND</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$37.00</td>
<td>$44.0K</td>
<td>1.0K</td>
<td>415</td>
</tr>
<tr>
<td>FOUR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$110.00</td>
<td>$33.5K</td>
<td>241</td>
<td>242</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$200.00</td>
<td>$71.6K</td>
<td>0</td>
<td>204</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$55.00</td>
<td>$43.2K</td>
<td>46</td>
<td>176</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be bearish, expiring in 421 day(s) on January 16, 2026. This event was a transfer of 1005 contract(s) at a $15.00 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $469.4K, with a price of $464.0 per contract. There were 48240 open contracts at this strike prior to today, and today 6580 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 50 contract(s) at a $305.00 strike. The total cost received by the writing party (or parties) was $55.1K, with a price of $1103.0 per contract. There were 442 open contracts at this strike prior to today, and today 2179 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option trade with bearish sentiment. It expires in 211 day(s) on June 20, 2025. Parties traded 100 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $42.2K, with a price of $422.0 per contract. There were 13181 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on November 29, 2024. This event was a transfer of 100 contract(s) at a $242.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $341.0 per contract. There were 369 open contracts at this strike prior to today, and today 537 contract(s) were bought and sold. 
• Regarding LMND (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>), we observe a put option trade with neutral sentiment. It expires in 57 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $220.0 per contract. There were 1003 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold. 
• Regarding FOUR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>), we observe a call option trade with bullish sentiment. It expires in 57 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $33.5K, with a price of $670.0 per contract. There were 241 open contracts at this strike prior to today, and today 242 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a put option trade with bearish sentiment. It expires in 92 day(s) on February 21, 2025. Parties traded 47 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $71.6K, with a price of $1525.0 per contract. There were 0 open contracts at this strike prior to today, and today 204 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a put option sweep that happens to be bearish, expiring in 211 day(s) on June 20, 2025. This event was a transfer of 48 contract(s) at a $55.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $900.0 per contract. There were 46 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

FOUR

LMND

SOFI

8 Financials Stocks Whale Activity In Today's Session

Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) co-founder Charles Hoskinson on Thursday named Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong for a potential crypto position at the White House, citing his unique position to bridge the gap between the digital asset <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42091821/could-donald-trumps-potential-treasury-secretary-be-out-of-his-depth-on-crypto-policy-polymarket-traders-just-cant-decide-on-a-favorite">industry and federal regulators.</a>
What Happened: Hoskinson <a href="https://x.com/IOHK_Charles/status/1859312190219862175">emphasized</a> the importance of the role being filled by someone &#8220;neutral&#8221; with a deep understanding of blockchain technology and the challenges posed by existing U.S. regulations.
"There is only one candidate that I think stands out in our industry for this role, and that's Brian Armstrong," Hoskinson wrote. 
He cited Armstrong's leadership at Coinbase, a company that has navigated significant regulatory hurdles, as a testament to his ability to unify the industry and drive meaningful policy reform.
A crypto position, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">reportedly</a> being considered by President-elect Donald Trump's transition team, would mark the first time a White House role is dedicated exclusively to <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40001426/trump-aims-to-make-us-crypto-capital-of-the-planet-well-get-it-done">cryptocurrency policy</a>.
The position is expected to act as a bridge between the White House, Congress, and federal regulatory agencies, aiming to create a cohesive and supportive regulatory framework for digital assets.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42090657/microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases">MicroStrategy Upsizes Convertible Notes Offering To $2.6 Billion For Bitcoin Purchases</a>
Hoskinson's nomination of Armstrong comes as the blockchain industry anticipates major shifts under Trump's administration, which has promised a more <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">crypto-friendly approach</a>.
Trump's campaign pledges included <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41680397/who-will-replace-gary-gensler-the-top-candidates-for-sec-chair-after-the-election">firing SEC Chair Gary Gensler</a>, scaling back regulatory oversight, and creating a presidential advisory council on cryptocurrency.
Hoskinson expressed his belief that Armstrong's experience would enable him to build a "broad tent coalition" to unite the fragmented crypto industry. 
He also announced his own efforts to support the policy framework, revealing plans to meet lawmakers in Washington, D.C., and launch an initiative called Operation Baseline. 
This project will survey the cryptocurrency industry to identify inefficiencies and propose actionable solutions for policymakers.
"The time has come to get this done so that we all can get back to work changing the world," Hoskinson said.
Armstrong, who recently endorsed Trump's newly announced Department of Government Efficiency, is no <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42084945/coinbase-ceo-brian-armstrong-backs-doge-initiative-how-blockchain-could-transform-government-efficiency">stranger to public policy debates. </a>
Armstrong described DOGE as a "once-in-a-lifetime opportunity" to streamline government operations, reduce waste, and enhance economic freedom. 
His vision aligns with blockchain's potential to improve transparency, reduce fraud, and simplify complex bureaucratic processes.
The creation of a crypto role could provide Armstrong with the platform to advocate for initiatives such as blockchain-driven transparency in government and Armstrong's own fiscal policy proposals, including a constitutional amendment to cap government spending.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42086650/robinhood-positioned-as-top-crypto-deregulation-trade-says-bernstein">Robinhood Positioned As Top &#8216;Crypto Deregulation&#8217; Trade, Says Bernstein</a></li>
</ul>
Image: Shutterstock

Coinbase CEO Brian Armstrong 'Stands Out' As Candidate For Donald Trump's Reported 'Crypto Czar' Position, Cardano Co-Founder Says

<ul>
<li>MSTR</li>
<li>NVDA</li>
<li>$BTC</li>
<li>CORN</li>
<li>MARA</li>
<li>COIN</li>
<li>SNOW</li>
<li>TSLA</li>
<li>AI</li>
<li>GLD</li>
</ul>
data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CORN

SNOW

Top 10 Trending Stocks On WallStreetBets As Of November 21, 2024 (Via Swaggy Stocks)

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Coinbase Chief People Officer sells $4.74M of shares

AKAM

ARKB

ASPN

ASTS

BECN

BITB

BKLN

BRRR

BTCO

BTCW

BUZZ

CALX

CELH

CLFD

CNXC

CQQQ

DEFTF

EBAY

EZBC

FBTC

FIVN

FSLR

FTAI

GBTC

GLNG

HALO

HODL

IBIT

IBKR

IDCC

IONQ

ISRG

KBWB

KBWD

KBWY

LCID

MRNA

MTRN

NBIX

NOVA

PCEF

PDBC

PNQI

PRFZ

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