Coinbase stock faces near-term volatility amid regulatory overhang — Analyst

According to the FTX bankruptcy estate, total claims from injured parties top $11 billion, as a court hearing to confirm the plan looms. 

Gavin Newsom vetoed SB 1048, saying that “while well-intentioned,” it could place unnecessary restrictions on emerging AI companies in California. 

The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions.