Coinbase and Crypto Stocks Surge as Trump’s Tariff Pause Boosts Market Confidence

The cryptocurrency market experienced a significant rally this week following U.S. President Donald Trump’s announcement of a tariff pause. Leading crypto stocks, including Coinbase ($COIN) and MicroStrategy ($MSTR), saw substantial gains, with the latter surging 25% due to its prominent Bitcoin holdings. This development has also triggered notable shifts in global markets, underscoring the growing interplay between trade policies and digital asset performance.

Trump’s Tariff Pause Triggers Crypto Stocks Surge, Strategy ($MSTR) Up 25%

The crypto market has seen a significant uptake this week after U.S. President Donald Trump announced a pause on tariffs. Strategy ($MSTR), the top Bitcoin ($BTC) holder in the corporate sector, witnessed a 25% increase, leading to a spike in crypto stocks. This trade-related decision has also brought notable shifts in worldwide markets. Coinbase ($COIN) also climbed by over 20%.

21Shares Files for SEC Approval to Launch Spot Dogecoin ETF

Zürich-based digital asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) for approval to launch a spot Dogecoin ETF. The proposed fund would track the performance of Dogecoin (DOGE), which is currently $0.156. Coinbase Custody has been named as the proposed custodian for the fund, but specific details such as the ETF’s ticker, fees, and listing exchange are yet to be disclosed. House of Doge Inc., the corporate arm of the Dogecoin Foundation, will support the Trust with marketing, strategy, and related services.