Stocks of crypto-related trading platforms Coinbase, Robinhood, and Webull declined following higher-than-expected inflation data that pushed Bitcoin prices lower. The Consumer Price Index rose 0.4% in October, increasing market expectations of a Federal Reserve rate hike in December. Coinbase shares dropped 4%, extending a month-long decline amid soft crypto trading volumes and cost-cutting measures. Robinhood and Webull also fell by 3% and 2%, respectively, as investors brace for tighter monetary policy that could dampen risk appetite and trading activity. The upcoming Fed decision on December 9 will be crucial for these stocks and the broader crypto market.
Following the inflation data that weighed on crypto stocks, Coinbase shares are down 4.06% at USD 130.57 on Pluang as of Nov 11, 2026 01:02 WIB, with most users selling (92%). Robinhood also fell 3.62% to USD 80.30, where 95% of Pluang traders are selling. These figures highlight cautious sentiment among Pluang investors toward crypto-related financial stocks amid economic uncertainty.
PNC Bank has launched a pilot program allowing its Corporate & Institutional Banking clients to receive payments in USDC, a U.S. dollar-backed stablecoin, on the Ethereum blockchain through Coinbase Payment products. This service automatically conver...
The US Treasury's Financial Crimes Enforcement Network (FinCEN) has ordered crypto exchange MEXC Global to be cut off from the US financial system, citing at least $16 billion linked to sanctions evasion, cybercrime, and other illegal activities from...
