Coinbase (NASDAQ: COIN) stock has claimed the top spot among the S&P 500 (SPY) constituents over the past three months, surging approximately 134% during this period. Shares of the crypto exchange closed at $151.47 on April 8, 2025, and have since surged to $354.17 as of publication time on July 8, outperforming every other name in the index. Market on April 8On April 8, U.S. equity markets were still reeling from a major sell-off sparked by the Liberation Day tariffs. But things turned around fast. The nex ...

People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City.Shares of Robinhood dropped nearly 5% in premarket trading. The stock has rallied 3.3% Friday to bring last week's gain to over 13% before the S&P Dow Jones Indices said after the bell that the S&P 500 would remain unchanged.Robinhood shares sold off on Monday as the online brokerage was snub ...

Core Insights - Coinbase reported a significant data breach involving cyber criminals bribing overseas support agents to steal customer data, which may cost the company up to $400 million to address [1][5]. Group 1: Incident Details - The company received an email on May 11 from an individual claiming to have obtained sensitive information about certain customer accounts and internal documentation [2]. - The email demanded a ransom in exchange for not publicly disclosing the stolen information, but Coinbase has not complied and is cooperating with law enforcement [3][6]. - The breach did not compromise passwords or private keys, but sensitive data such as names, addresses, phone numbers, emails, masked bank account numbers, and the last four digits of social security numbers were affected [4][5]. Group 2: Company Response - Coinbase detected the breach independently and took immediate action by terminating the involved employees, warning affected customers, and enhancing fraud monitoring protections [5]. - The company is establishing a $20 million reward fund for information leading to the arrest and conviction of the criminals responsible for the attack, while refusing to pay the $20 million ransom demand [6]. - Coinbase operates the largest crypto exchange in the U.S. and recently announced an acquisition aimed at expanding its global reach, alongside gaining entry to the S&P 500 stock index [6].