Coinbase stock rises despite Morgan Stanley's 30-day market crash warning

Coinbase (COIN) shares rose nearly 8% to trade near $188.50, defying a broader market warning from Morgan Stanley strategist Mike Wilson regarding potential liquidity drains caused by rising oil prices. The rally followed an upgrade from Compass Point analyst Ed Engel, who shifted his rating on Coinbase from sell to neutral with a price target of $177. The market remains focused on the upcoming Senate vote for the Digital Asset Market Clarity Act, which could establish regulatory frameworks for token listings. Meanwhile, MARA Holdings (MARA) shares fell 2% after JPMorgan downgraded the stock to underweight.