Coinbase Global Inc. (COIN) stock closed at $357.01 on October 10, 2025, down 7.75% from the prior session, following a sharp rally earlier in the week driven by reports that Coinbase is in advanced talks to acquire stablecoin infrastructure firm BVNK—a deal valued up to $2.5 billion that would significantly strengthen its position in the global stablecoin market. The price context shows this move erased gains from the acquisition speculation, with no new major company-specific news or announcements emerging on October 13, 2025. The recent volatility reflects both the impact of the BVNK news and broader market turbulence tied to U.S.-China trade tensions and tariff shocks, as well as anticipation of upcoming Fed commentary and major bank earnings.