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Coinbase Stock Surges on Mysterious Tweet Amid Crypto Summit

Coin WorldFriday, Mar 7, 2025 3:14 pm ET
1min read

Major cryptocurrency exchange coinbase has sparked significant interest within the crypto community with a mysterious two-word tweet. The tweet, which simply read "Big day," has left many speculating about the potential implications and announcements that Coinbase might be preparing to reveal. The cryptic message has generated a wave of curiosity and excitement, with community members eagerly awaiting further details from the exchange.

The tweet has been widely discussed across various platforms, with many users sharing their theories and predictions about what the "Big day" might entail. Some speculate that Coinbase could be announcing a new product or service, while others believe it might be related to regulatory developments or partnerships. The lack of specific information has only added to the intrigue, as the crypto community is known for its enthusiasm and speculation around major announcements.

Coinbase's decision to use such a concise and enigmatic message has been noted for its effectiveness in generating buzz and anticipation. The exchange has a history of making significant announcements that impact the broader crypto market, and this tweet has once again positioned Coinbase at the center of attention. The community's reaction highlights the influence that major players like Coinbase have on the crypto ecosystem, as even a simple tweet can spark widespread discussion and speculation.

Coinbase’s tweet comes after an executive order establishing a Bitcoin reserve and an additional stockpile of other assets was signed and just before the crypto summit in Washington, D.C. Nearly two dozen representatives from companies including Coinbase and Robinhood are expected to attend today’s crypto summit. The executive order establishing the strategic crypto reserve is primarily symbolic, as it is the first time Bitcoin has been formally acknowledged as a reserve asset. While the context of Coinbase’s tweet remains unknown at press time, its timing suggests the company may be closely involved or supportive of these initiatives.

Coinbase marked a legal win last month when the SEC followed through on its agreement and voluntarily dismissed its case against the crypto exchange. David Sacks, the crypto and AI czar, explained in a post on X that the Bitcoin reserve will contain Bitcoin currently owned by the United States and seized in previous law enforcement proceedings — a move that will "not cost taxpayers a dime." According to on-chain sources, the United States presently holds around $16.4 billion in Bitcoin and over $400 million in seven other tokens, owing primarily to asset forfeitures resulting from civil and criminal proceedings.

According to Sacks,

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Lucas
03/08

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Silgro94
03/08
@Lucas Makes sense
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amanoraim
03/08
$COIN door dash has a pe ratio over 600 how the heck do those pos get into the sp500 before coinbase
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WorkingCareful7935
03/08
$COIN coinbase CEO on TV about the summit this company had a couple who lost 1.4 million after a hack while using coinbase for storage they also got a $400 gift certificate from the coinbase game so for the government, it'll be a $600 gift certificate when we use their system and it's all gone
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GrapeJuicex
03/07
$COIN stays the same
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Antinetdotcom
03/07
$COIN Will be keeping an eye on these pages for news https://www.spglobal.com/spdji/en/indices/equity/sp-500/#news-research https://www.spglobal.com/spdji/en/media-center/news-announcements/#indexNews
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Working_Initiative_7
03/07
"Big day" could be a strategic partnership. Imagine Coinbase teaming up with $TSLA for crypto-fueled EVs. Game changer.
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vanilica00
03/07
$COIN might see some action if they announce something big at the crypto summit. Staying tuned.
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Wonderful_Touch5652
03/07
Wonder if Coinbase's "Big day" is linked to the Bitcoin reserve. Timing's suspiciously perfect. 🧐
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charon-the-boatman
03/07
Holding $COB on the dip. Long-term strategy: ride the waves of innovation and regulation. Diamond hands, baby.
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qw1ns
03/07
COINbase knows how to stir the pot.
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josh252
03/08
@qw1ns COINbase: where YOLO trades meet Wall St. magic. 🚀
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serkankster
03/07
Mysterious tweets are the new press releases.
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Phuffu
03/07
Coinbase knows how to hype with a simple "Big day" – almost as if they're dropping a new NFT collection. 🚀
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CurlyDarkrai
03/07
New product alert? I'm betting on a user-friendly DeFi platform for the masses. Gotta stay ahead of Binance.
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DrixGod
03/07
Big day hype train leaving the station
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Ambitious_Orchid_239
03/07
Regulatory vibes? Maybe they're finally getting that crypto ETF green light. Fingers crossed for a bull run.
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