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Produced by Daniel Aharonoff & Mogul Media AI

Coinbase Stock Rises: What It Means for Investors

Coinbase's Promising Trajectory Amid Market Shifts As the sun rose over the U.S. markets on Thursday, Coinbase appeared to bask in the glow of early trading optimism. With its stock climbing 5% to \(168.19, up from \) 160.38 at yesterday's close, it seems that investors are eager to capitalize on the favorable sentiment surrounding cryptocurrencies. The Rally in Crypto Stocks Coinbase's performance is emblematic of a broader trend among crypto-related stocks, which tend to thrive during significant market movements. Notably, Bitcoin has surged by 17% in the past week, currently trading at $52,171.71 according to CoinGecko data. This correlation between Coinbase and Bitcoin is not merely coincidental, as the exchange has often been a barometer of the cryptocurrency market's health. Key Stats: Coinbase Stock Price: $168.19 (up 5%) Previous Close: $160.38 Bitcoin Price: $52,171.71 (up 17% in a week) Coinbase Stock Gain: 21% since last week Anticipation
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Produced by Daniel Aharonoff & Mogul Media AI

# Genesis Ordered to Comply with Subpoena in TerraUSD Collapse: A Critical Moment for Crypto Lending

In a recent development, a New York district judge has issued an order for crypto lender Genesis to comply with a subpoena and produce specific documents pertaining to the collapse of algorithmic stablecoin TerraUSD. Genesis, which failed to produce the requested documents on October 9, now has a five-day window to respond to the court's order. This legal action comes as part of the ongoing lawsuit filed by the Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon, accusing them of defrauding investors and withholding essential information about the stablecoin. The outcome of this case could have significant implications for the crypto lending industry and the regulatory oversight of stablecoins.

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