8legs: Coinbase

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#1 out of 2

Cathie Wood added to three positions: Amazon, Robinhood, and Coinbase, on the last trading day.
Amazon is seen as a core long-term bet ahead of its fourth-quarter update.
Robinhood and Coinbase faced selling pressure as crypto markets softened.
Wood’s moves suggest a focus on e-tail, fintech, and crypto themes despite volatility.
Friday’s trading activity occurred as broader markets showed mixed performance.
Wood, a long-time Motley Fool contributor, has 30 years of stock analysis experience.
The report highlights that Wood added to eight portfolios and trimmed three others.
Amazon's guidance and AWS strength remain key considerations for investors.
The article notes Amazon's quarterly update could influence sentiment for the stock.
Overall market context included crypto volatility and tech sector weakness affecting stock moves.

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#2 out of 2

A judge allowed an insider trading lawsuit against Coinbase directors, including CEO Brian Armstrong, to proceed.
The suit claims directors sold $2.9 billion of stock around Coinbase's 2021 direct listing using confidential information.
The court did not dismiss the case despite an internal committee report the defendants cited for exoneration.
The case centers on Coinbase’s direct listing, not a traditional IPO.
Coinbase says the claims are meritless and will continue to fight them in court.
The investor lawsuit was originally filed in 2023 by a Coinbase shareholder.
Bloomberg News reported the internal investigation cleared the defendants of wrongdoing.
Judge Kathaleen St. J. McCormick presided and noted conflicts within the internal committee.
The case discusses Coinbase’s 2021 direct listing versus a traditional IPO.
Armstrong has commented on tokenization's potential to improve settlement speed and access to markets.

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