Coinbase Global, Inc.

Слабый индекс, без изменений. Быки сохранили на среднем уровне уверенность в своих позициях.

Weak index, flat. Bulls maintained moderate confidence in their positions.

Средний индекс, незначительно вырос. Медведи в растерянности.

Medium index, slightly up. The bears are confused.

Средний индекс, незначительно вырос. Рынок не поддерживает быков.

Medium index, slightly up. The market does not support the bulls.

Средний индекс, незначительно упал. Рынок на стороне медведей.

Medium index, slightly down. The market is on the bears' side.

Средний индекс, незначительно упал. Отток средств из лонгов на высоком уровне.

Medium index, slightly down. Outflow of funds from longs at a high level.

Средний индекс, без изменений. Приток средств в шорты на высоком уровне.

Medium index, flat. Inflow of funds into shorts at a high level.

Fintel reports that on October 2, 2026, Wells Fargo initiated coverage of Coinbase Global (NASDAQGS:COIN) (SWX:COIN) with a Equal-Weight recommendation.
Coinbase Global, Inc. is a prominent financial platform based in the United States, primarily engaged in the business of digital currency exchange. Founded in 2012, the company offers a secure online platform for buying, selling, transferring, and storing digital currency.
On October 2, 2026, the latest close for the stock was $183.00, following a pre-action close of $189.29 on October 1, 2026. The stock experienced a price change of -6.21% over one week, relative to a baseline close of $195.11 on September 25, 2026. Over a one-month period, the price change was +4.60% from a baseline close of $174.96 on September 2, 2026.
Coinbase Global last reported earnings on July 30, 2026, with an actual EPS of -1.17 compared to the estimated EPS of -0.1735. The actual revenue for that period was $1,220,068,000.00, which was below the estimated revenue of $1,337,471,491.00. The company's upcoming earnings date is scheduled for October 29, 2026, during the after market close session.
Separate from Wells Fargo's individual rating, the current consensus target mean for the stock was $214.57 as of September 14, 2026, representing an implied change of +17.25%. The current consensus target median was $207.06 as of the same date. This is an increase from the prior consensus target mean of $208.57 recorded on August 28, 2026, reflecting a consensus target revision of +2.88%.
For the current recommendation period of September 1, 2026, the total number of recommendations was 45, consisting of 11 strong buy, 21 buy, 10 hold, 1 sell, and 2 strong sell ratings. This represents 71.1% positive, 22.2% hold, and 6.7% negative recommendations. In the prior period of August 1, 2026, there were 44 total recommendations, with 11 strong buy, 20 buy, 10 hold, 1 sell, and 2 strong sell ratings.
On the same day as the Wells Fargo initiation, October 2, 2026, Piper Sandler maintained its Neutral rating on the stock. Other recent rating actions include Keefe, Bruyette & Woods reiterating an Outperform rating on September 28, 2026, and Baird maintaining a Neutral rating on September 28, 2026. BTIG reiterated a Buy rating on September 16, 2026. Compass Point upgraded the stock from Sell to Neutral on September 14, 2026, and Morgan Stanley initiated coverage with an Equal-Weight rating on September 10, 2026.
Recent analyst actions
Recent analyst upgrades, downgrades, initiations, and maintained ratings
Date
Analyst
Prior
Latest recommendation
Action
October 2, 2026
Wells Fargo
Equal-Weight
initiated coverage
October 2, 2026
Piper Sandler
Neutral
Neutral
maintained
September 28, 2026
Keefe, Bruyette & Woods
Outperform
reiterated
September 28, 2026
Baird
Neutral
Neutral
maintained
September 16, 2026
BTIG
Buy
Buy
reiterated
September 14, 2026
Compass Point
Sell
Neutral
upgrade
September 10, 2026
Morgan Stanley
Equal-Weight
initiated coverage
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.

Wells Fargo Initiates Coverage of Coinbase Global at Equal-Weight

In line with its broader digital-payments push, Citigroup Inc. C is expanding its collaboration with Coinbase Global COIN to deepen its role in stablecoin-based payments. Building on their October 2025 partnership, the expanded tie-up links COIN’s digital-asset infrastructure with C’s virtual-account, payment and fiat-settlement capabilities.
As part of the collaboration, C will support Coinbase Virtual Accounts through Citigroup Services’ Virtual Account Wallet, which forms part of its broader Banking-as-a-Service offering. The service will allow customers to accept, hold and pay funds while automatically converting incoming fiat into stablecoins. C will also enable institutional clients to accept stablecoin payments through Spring by Citi. Under this arrangement, Coinbase Payments will convert stablecoin payments into fiat, while C will receive and settle the funds as the bank of record. This structure allows merchants to accept stablecoin payments without directly holding or managing digital assets and could help them reach more than 150 million stablecoin holders globally.
The expanded Coinbase relationship adds to C’s broader digital-payments infrastructure and growing reach across payment channels. The bank has strengthened this platform through Citi Token Services, which was integrated with 24/7 USD Clearing in 2025 to support cross-border payments and liquidity management. Earlier partnerships with Mastercard and Dandelion have also broadened WorldLink’s reach across debit cards and digital wallets. Together, these initiatives expand C’s payments reach, with management reporting nearly $6 trillion in daily payment volume as of May 2026.
Against this backdrop, the expanded Coinbase relationship gives C another avenue to extend its payments capabilities into the growing stablecoin ecosystem. By combining C’s regulated banking, fiat-conversion and settlement capabilities with Coinbase’s digital-asset infrastructure, the offering allows businesses to accept blockchain-based payments without directly holding or managing digital assets. With C already banking 90% of the top e-commerce companies and 15 of the world’s 20 largest fintechs, its existing institutional relationships could provide a sizable distribution base for the new services.
The tie-up could help C capture growth in stablecoin payments, supporting transaction and fee revenues as adoption increases. However, the financial impact will depend on adoption, payment volumes and C’s ability to monetize the flows.
What Steps Are Other Banks Taking Toward Stablecoin Adoption?
Citigroup is not the only financial institution expanding its stablecoin capabilities. In June 2026, The Bank of New York Mellon BNY announced an expanded relationship with Circle Internet Group CRCL to strengthen its institutional stablecoin services.
BNY made USDC the first stablecoin supported on its Digital Asset Custody platform, allowing institutional clients to hold, transfer, mint and redeem USDC. Clients can also convert U.S. dollars into USDC and redeem USDC for dollars through BNY’s custody framework. BNY plans to gradually support additional stablecoin issuers and broader digital cash use cases, expanding its digital-asset capabilities for institutional clients.
C’s Price Performance & Zacks Rank
Over the past six months, shares of Citigroup have gained 22.4% compared with the industry’s growth of 19.5%.
Citigroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Radical New Technology Could Hand Investors Huge Gains
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Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
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This article originally published on Zacks Investment Research (zacks.com).

Citigroup Deepens Stablecoin Push With Expanded Coinbase Tie-Up

Key Points
The SEC is temporarily allowing some crypto companies to offer trading of tokenized stocks.
Coinbase and Robinhood are both looking to grow their revenue by promoting tokenized stock trading.
There are still a few regulatory issues for those players to navigate before they can make significant money from their U.S. operations.
On Sept. 17, the Securities and Exchange Commission (SEC) granted a five-year exemption to the crypto industry that allows certain exchanges to offer tokenized versions of stocks for trading. Robinhood Markets (NASDAQ: HOOD) and Coinbase Global (NASDAQ: COIN) are both well-positioned to profit, but one has a big lead on the other.
Let's see what the stakes of the competition are, and then get into how these two players are planning to win this emerging space.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Tokenization is still in its infancy
Tokenization is the process of adding ownership records to tokens stored on a blockchain. This is useful because it means that the assets can be traded 24/7 and generally settle transactions very rapidly compared to the alternatives.
The consulting firm Oliver Wyman recently estimated that the market for tokenized traditional assets will expand from around $40 billion today to reach approximately $2.3 trillion by 2030. As of Sept. 28, all the tradeable tokenized stocks in existence were worth $3.2 billion, up from $368.5 million one year ago.
Many major blockchains have the technical infrastructure necessary to support tokenization, including Coinbase's Base chain and Robinhood's Robinhood Chain.
Aside from the technical features needed, tokenizing assets usually entails a large paperwork burden to address issues like regulatory compliance and asset custody. That means smaller crypto native players are often at a disadvantage relative to larger businesses that are more established in the traditional financial sector, as those businesses are more accustomed to working in a highly regulated environment.
Which company will gain more from tokenized stock trading?
Both Robinhood and Coinbase compete in crypto. Robinhood's main line of business stems from its retail brokerage for trading non-tokenized stocks, which gives it a head start here.
Its set of 301 tokenized stocks was worth $148.8 million as of Sept. 28. Robinhood issues the tokenized assets on its own blockchain, Robinhood Chain, which was launched in July 2026. Importantly, the company retains about 89% of the crypto transaction fees it collects, which accrue to its revenue. Those fees were worth $35.6 million in the first 28 days of September alone.
Its stock tokens are debt securities that carry no voting rights, which some believe may make them fall outside the SEC's new framework. Robinhood's CEO, Vlad Tenev, has said that the ability to perform redemptions and exercise voting rights is coming.
Coinbase's product, on the other hand, presently fits the new rules more closely. That could end up giving it a first-mover advantage if there's a delay with Robinhood getting its ducks in a row.
Its $8.4 million worth of stock tokens are launched on its own blockchain, Base, and they've been available since August 2026 for its non-U.S. customers. They're also backed by real shares, held at a regulated U.S. broker, and already redeemable for the underlying shares. According to Coinbase's CEO Brian Armstrong, shareholder voting rights are coming soon.
One snag for Coinbase is its plumbing. Its exchange uses an order book much like a traditional stock exchange, but the SEC framework is built around a different system for matching buyers and sellers, specifically automated market makers (AMMs). Coinbase would need new systems, or it would have to route trades to AMM-based apps on Base. Base's fees are also quite modest, totaling just $4.3 million for September through the 28th.
Today, Robinhood still looks like the better choice to buy to get upside from tokenization.
Though it has a couple of obstacles to navigate to please the SEC, it already has a larger pool of tokenized stocks, and a chain that has earned far more in fees, mostly from meme coin trading. Coinbase, in contrast, seems to be signaling about its desire to compete in tokenized assets much more than it is currently actually doing. With that being said, it'll likely be able to navigate the regulatory issues needed to also benefit tremendously from tokenization, so it might not be behind Robinhood for long.
Should you buy stock in Robinhood Markets right now?
Before you buy stock in Robinhood Markets, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Robinhood Markets wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $383,680!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,382,954!*
Now, it’s worth noting Stock Advisor’s total average return is 937% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 29, 2026.
Alex Carchidi has no position in any of the stocks mentioned. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.

The SEC Has Given the Green Light to Tokenized Stock Trading. These 2 Crypto Stocks Will Be the Big Winners.

Key Points
Up more than 250% in 2026, Hyperliquid is now the top-performing major cryptocurrency of the year.
If Hyperliquid continues to grow at the same rate, investors could turn $1,000 into $1 million within the next decade.
Hyperliquid is highly unlikely to maintain its current stratospheric growth rate, especially with the arrival of new competitors.
It's getting harder and harder to ignore the magnificent recent performance of Hyperliquid (CRYPTO: HYPE). For the year, Hyperliquid is up an eye-popping 284% and recently hit a new all-time high of $95. That makes Hyperliquid the top-performing major cryptocurrency of 2026.
At this pace, Hyperliquid certainly seems like the type of altcoin that could make you a millionaire. But is that really the case?
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Catalysts for Hyperliquid
The case for buying Hyperliquid right now comes down to a single word: "perps." This is crypto shorthand for perpetual futures, which are futures contracts with no set expiration date. This makes them extremely useful for speculating on cryptocurrency futures prices, often by taking on massive leverage.
Right now, Hyperliquid is the top decentralized exchange for trading perps, and that's why it's soaring in value. Total worldwide trading volume in perps is close to $200 billion daily. By some estimates, Hyperliquid accounts for 70% of all worldwide perps trading on decentralized exchanges, and roughly 6% of the total global market. So you can see why investors are so excited about Hyperliquid right now. The numbers really jump off the page.
As part of President Donald Trump's vision for making America the "crypto capital of the world," he now wants Hyperliquid, which is currently based in Singapore, to come to the U.S. Already, there are plans afoot to offer perps trading on Hyperliquid via a derivatives exchange owned by Payward, the parent company of the Kraken cryptocurrency exchange.
Millionaire-maker math
So, for the sake of argument, let's say that you invest $1,000 in Hyperliquid today. If Hyperliquid continues to triple in value every year -- a big if -- then you could turn that into $1 million within the next decade.
Theoretically, then, millionaire-maker status is very much in the cards. But just how likely is it? After all, does anyone really expect Hyperliquid to triple in value every year for the next decade? That's preposterous.
After all, new competitors are now rapidly entering the perps arena. Chief among them are Coinbase Global and Robinhood Markets. Competitors also include prediction markets such as Kalshi and Polymarket. In fact, Kalshi already offers perps markets in more than a dozen different cryptocurrencies, including Hyperliquid.
How to get exposure to Hyperliquid?
While U.S. investors are currently restricted from using the Hyperliquid trading platform, they can still buy the HYPE token directly on major cryptocurrency exchanges. Or, they could just as easily buy one of the new spot Hyperliquid ETFs, such as the Bitwise Hyperliquid ETF, which launched in May.
Just be aware of the risks surrounding Hyperliquid. There are plenty of competitors just waiting to join the perps game. Moreover, Hyperliquid still operates in a regulatory gray area, given that comprehensive crypto legislation (the Clarity Act) has now stalled out in Congress.
But if you're willing to take on these risks, then Hyperliquid could become your ticket to becoming a millionaire.
Should you buy stock in Hyperliquid right now?
Before you buy stock in Hyperliquid, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hyperliquid wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $383,680!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,382,954!*
Now, it’s worth noting Stock Advisor’s total average return is 937% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 27, 2026.
Dominic Basulto has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Hyperliquid. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

How Investing in This Altcoin Could Make You a Millionaire

Key Points
Bitcoin has been growing at a 34% annual clip over the past decade, and could be worth $7 trillion after five years.
Fast-growing cryptocurrencies with the potential to overtake Bitcoin include Hyperliquid, Zcash, NEAR Protocol, and Venice.
However, investors need to count on stratospherically high rates of growth continuing for five consecutive years, which is highly unlikely.
Since its launch in 2009, Bitcoin (CRYPTO: BTC) has reigned supreme as the world's top cryptocurrency. It now has a market cap of $1.7 trillion, nearly 5 times that of Ethereum (CRYPTO: ETH), its next closest competitor.
Given this yawning gap in size, is it really possible that any cryptocurrency might surpass Bitcoin in market cap within the next five years? After running the numbers, you might be surprised at the answer.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Does the math work?
Bitcoin has grown at a compound annual growth rate (CAGR) of 34% over the past decade. So, for the sake of argument, let's assume that Bitcoin continues to grow at a 34% clip over the next five years.
By the end of that period, Bitcoin will be worth more than $7 trillion, and a single Bitcoin will sell for roughly $350,000. That might sound like pie-in-the-sky thinking, but Coinbase Global CEO Brian Armstrong thinks Bitcoin might actually trade as high as $400,000 by the end of 2030.
For our purposes, the number to beat is $7 trillion. At the end of five years, a rival cryptocurrency needs to be worth more than $7 trillion to surpass Bitcoin.
That's a big ask, so let's focus on cryptocurrencies with market caps exceeding $5 billion. Several of these have been surging this year, and these large-cap coins are the most likely candidates to de-throne Bitcoin, provided they can maintain their blistering growth rates for five years.
For example, Zcash (CRYPTO: ZEC), with a market cap of $26 billion, is up 195% year to date. NEAR Protocol (CRYPTO: NEAR), with a market cap of $6 billion, is up 203%. And Hyperliquid (CRYPTO: HYPE), with a market cap of $23 billion, is up 267%.
Let's assume that all three of these continue to grow at the same stratospherically high rates over the next five years. At the end of that period, only Hyperliquid would be worth more than $7 trillion. Zcash just isn't growing fast enough, and NEAR Protocol is starting from a smaller market-cap base.
Let's widen our net even further to include cryptocurrencies with market caps of $1.5 billion and higher. Venice (CRYPTO: VVV), an AI token, is up a heart-thumping 1,760% this year. Theoretically, it could catch up to Bitcoin after five years, given Bitcoin's exponential growth rate.
Just how realistic are these projections?
Of course, it's unreasonable to expect any cryptocurrency to grow at such fantastically high rates for five consecutive years. Cryptocurrencies are notoriously volatile, and investor sentiment can change on a dime. Even Bitcoin has had a hard time stringing together three good years in a row, let alone five.
That's why I'm less bullish on Zcash and NEAR Protocol than many other investors. Zcash has been around for more than a decade, and is still trading 74% below its all-time high from 2016. The same is true for NEAR Protocol, which is down 77% from its all-time high in 2022.
I'm starting to believe the hype, but Hyperliquid is just too new to trust fully. The HYPE token launched at the end of 2024 and hasn't shown the resilience investors have seen in Bitcoin, which has successfully weathered many economic cycles.
I'm more bullish on Venice. For one, it's an AI token so that it will benefit from the exploding investor interest in artificial intelligence. This is a big macro trend with long-term staying power. If you buy into the growing convergence of AI and crypto, then Venice might have a very bright future ahead.
At the end of the day, if you're looking for a crypto to flip Bitcoin, your best chances are with a high-flying crypto currently growing at a much faster pace than Bitcoin. That's why I'm focused on Hyperliquid and Venice as potential investment targets.
That said, plenty of cryptocurrency rivals have tried to challenge Bitcoin over the past 17 years, and every single one has failed. So keep expectations in check.
Should you buy stock in Venice Token right now?
Before you buy stock in Venice Token, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Venice Token wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $383,680!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,382,954!*
Now, it’s worth noting Stock Advisor’s total average return is 937% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 27, 2026.
Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Hyperliquid, NEAR Protocol, and Venice Token. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.

In 5 Years, One of These Cryptocurrencies Could Be Worth More Than Bitcoin

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Apollo Global Management Inc (new (Symbol: APO), where a total of 23,626 contracts have traded so far, representing approximately 2.4 million underlying shares. That amounts to about 92.7% of APO's average daily trading volume over the past month of 2.5 million shares. Especially high volume was seen for the $120 strike put option expiring January 15, 2027, with 8,016 contracts trading so far today, representing approximately 801,600 underlying shares of APO. Below is a chart showing APO's trailing twelve month trading history, with the $120 strike highlighted in orange:
Coinbase Global Inc (Symbol: COIN) options are showing a volume of 75,228 contracts thus far today. That number of contracts represents approximately 7.5 million underlying shares, working out to a sizeable 74% of COIN's average daily trading volume over the past month, of 10.2 million shares. Particularly high volume was seen for the $210 strike call option expiring September 25, 2026, with 7,805 contracts trading so far today, representing approximately 780,500 underlying shares of COIN. Below is a chart showing COIN's trailing twelve month trading history, with the $210 strike highlighted in orange:
And Capital One Financial Corp (Symbol: COF) options are showing a volume of 25,191 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 73% of COF's average daily trading volume over the past month, of 3.5 million shares. Especially high volume was seen for the $210 strike call option expiring October 16, 2026, with 10,014 contracts trading so far today, representing approximately 1.0 million underlying shares of COF. Below is a chart showing COF's trailing twelve month trading history, with the $210 strike highlighted in orange:
For the various different available expirations for APO options, COIN options, or COF options, visit StockOptionsChannel.com.
Further APO Research:

Notable Thursday Option Activity: APO, COIN, COF

Key Points
President Trump recently said that the CFTC was working to bring Hyperliquid into the U.S. legally.
That is not the same as a change in policy, nor is there evidence of any such change so far.
Hyperliquid's stablecoin reserve deal is a far better reason to invest in it right now.
Hyperliquid (CRYPTO: HYPE) is surging right now, hitting a record $95.95 on Sept. 22, partially as a result of widespread beliefs that it'll soon be allowed to compete in the U.S. Those beliefs are substantiated, if a bit overenthusiastic; on Aug. 19, President Donald Trump stated the Commodity Futures Trading Commission (CFTC) chair was already "working very hard" to bring it onshore.
If it gets the green light to operate in the U.S., it'd mark a massive expansion to the decentralized crypto exchange's addressable market, and it might even start to attract institutional interest. So does that mean Hyperliquid is worth buying now?
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Is a U.S. approval actually as close as some seem to think?
Investors must recognize that Trump's remark about Hyperliquid isn't approval.
As of Sept. 23, Hyperliquid itself hasn't announced any U.S. filing. Such records could soon exist, and, given the chaotic nature of the Trump administration's approach to policymaking, they could be published all at once, alongside an announcement that the entire process is complete. But until then, Hyperliquid will continue to voluntarily prevent U.S. users from accessing its platform to avoid violating laws or regulations, so it's important not to over-assume anything right now.
There are still hints that things are moving in the right direction.
On Sept. 16, Payward, parent of crypto exchange Kraken, announced its CFTC-regulated exchange called Bitnomial would move to list Hyperliquid-based perpetual futures contracts for its U.S. clients, pending approval. That approval would cover Payward's listing, not Hyperliquid, but it's still good for the coin's holders because it'd lead to more network activity, which would generate more fees and thus more token buybacks.
Capturing the USDC yield is a more immediate reason to buy
There's a tangible reason to buy Hyperliquid right now that doesn't require any new government action.
Since Aug. 26, Coinbase Global and Circle Internet Group have passed on about 90% of the cost-adjusted yield generated by the cash equivalents and Treasuries backing the USDC stablecoins parked on Hyperliquid.
At the Federal Reserve's current target interest rates set on Sept. 16, that's about $250 million annually, given the $7.4 billion in USDC on the exchange presently. In 2025, Hyperliquid had revenue of $818 million, so it'll be getting a roughly 30% revenue boost, with any new Fed rate hikes only boosting its income further.
That new income stream is going to be used primarily for buybacks and burns of Hyperliquid's coin, and the transfer of money will formally begin on Oct. 3. And that's one big reason why it's worth buying this coin right now.
Should you buy stock in Hyperliquid right now?
Before you buy stock in Hyperliquid, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hyperliquid wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $389,154!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,406,303!*
Now, it’s worth noting Stock Advisor’s total average return is 949% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 24, 2026.
Alex Carchidi has positions in Hyperliquid. The Motley Fool has positions in and recommends Hyperliquid. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.

Hyperliquid Could Be About to Get U.S. Regulatory Approval. Is HYPE Worth Buying Now?

Key Points
Historical evidence suggests that Bitcoin typically trades in a four-year cycle of boom and bust.
If this is the case, Bitcoin may have already bottomed and could be ready to rally in 2027.
While there is no guarantee that this four-year cycle will repeat, it can offer insights about where Bitcoin is headed next.
In June, Bitcoin (CRYPTO: BTC) briefly dipped below the $60,000 price level. Three months later, Bitcoin is now trading at $85,000, a 40% rally that almost nobody saw coming.
That could be the clearest signal yet that Bitcoin is about to go on another stunning bull market rally. In fact, if history is any guide, Bitcoin could soar in value next year. By the end of 2027, Bitcoin could be trading near a new all-time high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The four-year Bitcoin cycle
Long-time Bitcoin investors recognize that the world's most popular cryptocurrency typically trades in four-year cycles. Even top Wall Street investment banks have recognized the potential validity of the Bitcoin four-year cycle. Three of those years are typically very bullish, while the final year of the cycle is a big plunge.
This has now happened four times in Bitcoin's history, and the cycles occur with stunning regularity. What makes this possible is the Bitcoin halving, an event that occurs every four years. The halving reduces the rate of new Bitcoin creation by half, and that typically jump-starts a blistering Bitcoin rally.
So let's look at the historical data:
In 2023, Bitcoin soared in value by 155% just one year ahead of its 2024 halving.
In 2019, Bitcoin soared by 92% ahead of its 2020 halving.
In 2015, Bitcoin rallied by 34% ahead of its 2016 halving.
That's why Bitcoin's recent performance is so encouraging for crypto investors: It means Bitcoin may have already bottomed. Bitcoin hit a peak of $126,000 back in October. So it's been nearly a year from peak to trough.
If you buy into the four-year cycle, Bitcoin is due for a recovery. Crypto investors have now survived the one bad year they know they will get from Bitcoin in each cycle.
Moreover, in its entire existence, Bitcoin has never had back-to-back losing years. That makes me think that Bitcoin's recent stinker of a performance in 2025 won't be repeated this year. Right now, Bitcoin is only down less than 2% for the year. A positive year is within sight.
With just a modicum of momentum, Bitcoin could be back in positive territory by the end of October. This, incidentally, happens to be one of the best months of the year for Bitcoin. For good reason, crypto investors refer to October as "Uptober."
Bitcoin's next halving will take place in April 2028. That leads me to think that the 18 months between then and now will be remarkably bullish for Bitcoin. There is typically an intensifying recovery heading into the halving, followed by an explosion of price activity after the halving.
And I'm not the only one who thinks this. Coinbase Global Chief Executive Officer Brian Armstrong has also suggested that Bitcoin now will rally hard into its April 2028 halving. He's now predicting that Bitcoin could soar as high as $400,000 by 2030.
Past performance is no guarantee of future performance
However, just keep in mind: Past performance is no guarantee of future results. Just because Bitcoin has traded in four-year cycles throughout its existence is no guarantee it will continue to do so.
That's especially the case, given that Bitcoin has no clear catalysts on the horizon. The Clarity Act failed to pass the Senate in mid-September, yet the price of Bitcoin rose. The Federal Reserve hiked interest rates in September, and yet the price of Bitcoin went up. Both factors should have been very negative for Bitcoin. They were not.
So it's up to you to decide whether this Bitcoin rally is for real. Admittedly, it takes some suspension of disbelief to think that Bitcoin can continue to gain ground without a clear catalyst ahead.
Nevertheless, I'm leaning into Bitcoin's historical track record. If history is any guide, Bitcoin has already bottomed, and crypto investors are about to be rewarded for their patience ahead of the 2028 halving.
Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
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Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

History Says This Is What Will Happen With Bitcoin in 2027

Key Points
Additionally, an analyst published a bullish report on tokenized stocks.
He flagged the brokerage as being a potential leader in the activity.
A boom in cryptocurrency prices and a new analyst note were the key catalysts pushing Robinhood Markets (NASDAQ: HOOD) stock to an index-beating gain on Monday.
Investors were eager to snap up shares of the next-generation brokerage, which continues to move aggressively into cryptocurrencies and related assets. Its shares closed the trading session nearly 3% higher, well above the 1.5% increase of the bellwether S&P 500 index.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Tops in tokenization
Robinhood never seems to stop broadening its suite of offerings in the cryptocurrency sphere. This results in the company being increasingly more identified with those assets, a boon on days when digital coins and tokens are on the rise. This occurred on Monday, due in no small part to a set of impactful geopolitical and global macroeconomic developments.
Exacerbating that, Bernstein SocGen prognosticator Gautam Chhugani published something of a primer on tokenized stocks, in which he highlighted Robinhood as one of the brokerages active in this new form of trading. Buying a tokenized stock is similar to buying cryptocurrency in that a purchase is recorded on a blockchain, with the buyer holding a contractual claim to the underlying stock.
Chhugani waxed bullish about the future of tokenized stocks, not least because the Securities and Exchange Commission (SEC) last week essentially granted temporary permission to U.S. financial services companies to offer trading services for such assets. In his view, Robinhood and exchange operators Coinbase and Bullish could benefit in particular from this move.
Not stuck in the past
Robinhood embraced cryptocurrencies long before it was common for financial companies to do so, and it's reaping the rewards of its ever-deepening involvement. Tokenized securities are an especially promising segment, given their potential for instant, 24/7 trading in assets that have traditionally been bound by strictly defined market hours.
In my mind, Robinhood is one of the most future-forward and imaginative companies in its industry. Its shares aren't cheap, to be sure, but they deserve their premium given the company's bright future.
Should you buy stock in Robinhood Markets right now?
Before you buy stock in Robinhood Markets, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Robinhood Markets wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $387,158!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,365,749!*
Now, it’s worth noting Stock Advisor’s total average return is 932% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of September 21, 2026.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Why Robinhood Markets Crushed it on Monday

The S&P 500 Index ($SPX) (SPY) closed up by +1.49% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.71%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.83%. December E-mini S&P futures (ESZ26) rose +1.50%, and December E-mini Nasdaq futures (NQZ26) rose +2.84%.
Stock indexes rallied sharply on Monday, with the S&P 500 posting a 5-week high and the Nasdaq 100 posting a 3-month high. Stocks surged Monday after crude oil prices plunged, pushing bond yields lower and improving market sentiment. WTI crude sank more than -4% to a 1.5-week low, and the 10-year T-note yield fell -3 bp to 4.96%. Also, positive anticipation ahead of a summit later this week between Presidents Trump and Xi Jinping is lifting equity markets. In addition, stock indexes rose on support from a rally in chipmakers and AI-infrastructure stocks, along with a rally in cryptocurrency-exposed stocks, as Bitcoin's price surged to a 7.5-month high.
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Stocks garnered support on Monday on optimism about talks between the US and China after US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade, and investment ahead of this week's summit between Presidents Trump and Xi Jinping. US Trade Representative Jamieson Greer said, “The focus is on stability between the US and China,” and we are working on a trade truce extension.
Monday's US economic news showed the Aug Chicago Fed national activity index fell -0.12 to -0.04, right on expectations.
Hawkish Fed comments on Monday were negative for stocks and bonds. Chicago Fed President Austan Goolsbee said that to restore price stability, the Fed may need to raise interest rates further and narrow the gap between supply and demand, which could lead to drops in employment, wages, and growth. Also, St. Louis Fed President Alberto Musalem said core inflation may be running 1 percentage point above the Fed's 2% target and that the Fed likely needs to hike interest rates further.
Bitcoin (^BTCUSD) surged by more than +7% on Monday to a 7.5-month high, adding to last Friday’s +5% surge, after the SEC moved forward with a plan to allow digital versions of securities to start trading in the US.
Oct WTI crude oil prices (CLV26) sank more than -4% on Monday to a 1.5-week low on diplomatic efforts to end the US-Iran war and signs that crude flows are still getting through the Strait of Hormuz. President Trump said he would "probably" be open to meeting Iranian President Masoud Pezeshkian on the sidelines of the UN General Assembly in New York this week. Also, Admiral Brad Cooper, head of US Central Command, said crude and LNG flows in the past two weeks through the Strait of Hormuz are running at a six-month high.
Markets are discounting a 55% chance of a +25 bp Fed rate hike at the next FOMC meeting on October 27-28.
Overseas stock markets settled higher on Monday. The Euro Stoxx 50 closed up +1.31%. China's Shanghai Composite climbed to a 1.5-week high and closed up +0.97%. Japan's Nikkei-225 Stock Average did not trade today with Japanese markets closed for the Respect-for-the-Aged Day holiday.
Interest Rates
December 10-year T-notes (ZNZ6) closed up by +7 ticks on Monday. The 10-year T-note yield fell -3.7 bp to 4.959%. T-notes rose on Monday after WTI crude oil fell more than -4% to a 1.5-week low, easing inflation expectations. T-notes fell back from their best level on hawkish comments from Chicago Fed President Austan Goolsbee and St. Louis Fed President Alberto Musalem, who said that to restore price stability, the Fed may need to raise interest rates further. Supply pressures are also bearish for T-notes as the Treasury will auction $211 billion of T-notes and floating-rate notes this week, beginning with Tuesday’s auction of $69 billion of 2-year T-notes.
European government bond yields moved lower on Monday. The 10-year German bund yield fell to a 1-week low of 3.442% and finished down -6.1 bp to 3.458%. The 10-year UK gilt yield dropped to a 1-week low of 5.200% and finished down -8.3 bp to 5.212%.
In its monthly report released on Monday, the German Bundesbank said Q3 GDP will expand only "modestly" in Q3 because of short-term drivers like low water levels in the Rhine River, but the economy is expected to grow at a "stronger" pace again in Q4 and will "remain on its current path to recovery." The Bundesbank added that "persistently high prices, not only for crude oil but also for natural gas and electricity, could amplify both direct and indirect effects and delay the return of the inflation rate to 2%."
Markets are discounting a 46% chance of a +25 bp ECB rate hike at the ECB’s next meeting on October 29.
US Stock Movers
Chipmakers and AI stocks rallied on Monday, supporting gains in the broader market. The iShares Semiconductor ETF (SOXX) closed up more than +4% at a 5-week high. ARM Holdings Plc (ARM) closed up more than +16% to lead gainers in the Nasdaq 100, and Intel (INTC) closed up more than +12% to lead gainers in the S&P 500. Also, Advanced Micro Devices (AMD) and Qualcomm (QCOM) closed up more than +9%, and Marvell Technology (MRVL) closed up more than +6%. In addition, Applied Materials (AMAT) and Lam Research (LRCX) closed up more than +5%, and KLA Corp (KLAC) closed up more than +4%.
The Magnificent Seven technology stocks moved higher on Monday, providing support to the overall market. Meta Platforms (META) closed up more than +11% after the company’s new Muse artificial intelligence app rose to the top of mobile app charts. Also, Tesla (TSLA) closed up +3%, and Nvidia (NVDA) closed up more than +2%. In addition, Alphabet (GOOGL), Amazon.com (AMZN), and Microsoft (MSFT) closed up more than +1%, and Apple (AAPL) closed up +0.85%.
Cryptocurrency-exposed stocks surged on Monday after Bitcoin (^BTCUSD) rallied more than +7% to a 7.5-month high on positive carryover from last Friday when the SEC moved forward with a plan to allow digital versions of securities to start trading in the US. Strategy (MSTR) closed up more than +9%, and BitMine Immersion Technologies (BMNR) closed up more than +7%. Also, Bullish (BLSH) and Galaxy Digital Holdings (GLXY) closed up more than +5%, and Coinbase Global (COIN) closed up more than +3%. In addition, Circle Internet Group (CRCL) and Robinhood Markets (HOOD) closed up more than +2%, and Riot Platforms (RIOT) and Iren Ltd (IREN) closed up more than +1%.
Cybersecurity stocks moved higher on Monday, supporting gains in the overall market. Cloudflare (NET) closed up more than +8%, and SentinelOne (S) closed up more than +5%. Also, Zscaler (ZS), Crowdstrike Holdings (CRWD), and Okta (OKTA) closed up more than +4%. In addition, Fortinet (FTNT) closed up more than +3%, and Palo Alto Networks (PANW) closed up mor than +2%.
Airlines and cruise line operators rallied on Monday due to the -4% plunge in WTI crude oil to a 1-week low, which lowers fuel costs and boosts profitability prospects for the companies. United Airlines Holdings (UAL) closed up more than +5%, and American Airlines Group (AAL) closed up more than +4%. Also, Delta Air Lines (DAL) and Alaska Air Group (ALK) closed up more than +3%, and Carnival (CCL) closed up more than +2%. In addition, Southwest Airlines (LUV), Royal Caribbean Cruises (RCL), and Norwegian Cruise Line Holdings (NCLH) closed up more than +1%.
Energy stocks and service providers retreated on Monday after WTI crude oil plunged more than -4% to a 1-week low. Marathon Petroleum (MPC) closed down more than -5% to lead losers in the S&P 500, and Phillips 66 (PSX) and Valero Energy (VLO) closed down more than -4%. Also, ConocoPhillips (COP) and ExxonMobil Holdings (XOM) closed down more than -3%, and Diamondback Energy (FANG), Occidental Petroleum (OXY), APA Corp (APA), and Devon Energy (DVN) closed down more than -2%. In addition, Chevron (CVX) closed down more than -2% to lead losers in the Dow Jones Industrials.
Warner Bros. Discovery (WBD) closed up more than +10% after Paramount Skydance settled lawsuits brought by 12 state attorneys general and the Writers Guild trade union, a move that will allow Paramount to acquire Warner Bros. Discovery.
Ciena (CIEN) closed up more than +5% after Evercore ISI upgraded the stock to outperform from in line with a price target of $550.
Candel Therapeutics (CADL) closed up more than +3% after Bank of America Global Research upgraded the stock to buy from neutral with a price target of $18.
HP Inc. (HPQ) closed down more than -4% after projecting that industry-wide personal computer unit volumes will decline mid-single-digits in 2027.
Earnings Reports (9/22/2026)
AutoZone Inc (AZO), KB Home (KBH), MillerKnoll Inc (MLKN), Thor Industries Inc (THO), Worthington Enterprises Inc (WOR).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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Price history and volume

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