Coinbase Global Inc. (COIN) fell -5.92% to $310.86 during live trading on November 4, 2025, following a volatile session marked by both positive and negative company-specific developments. The company reported strong Q3 results, with $1.87B in revenue (up 55% YoY) and $1.50 EPS (beating estimates by 36%), and added 2,772 BTC to its balance sheet, fueling initial optimism. However, the stock's sharp decline was triggered by allegations from Sen. Chris Murphy linking Coinbase's political contributions to regulatory outcomes, raising reputational and regulatory risks. This tug-of-war between earnings optimism and political scrutiny drove high options volatility and a bearish near-term technical outlook, with analysts trimming price targets despite maintaining positive ratings[1].