Key facts: Coinbase Joins Open USD; COIN Tests $150 Support After ARK

Coinbase (COIN) joined 140+ partners launching Open USD, a US dollar stablecoin mintable and redeemable free, reserve earnings shared, no volume caps, launching later this year on

Coinbase (COIN) joined 140+ partners launching Open USD, a US dollar stablecoin mintable and redeemable free, reserve earnings shared, no volume caps, launching later this year on Base and Solana.
COIN trading below major moving averages, testing key support near $150. Price action weak; institutional buying noted. A break below $150 risks further downside; support hold targets near $175.
ARK Invest bought 37,153 Coinbase (COIN) shares into ARKK, adding COIN across its ETFs after a prior net selling period; purchases also occurred in ARKW and ARKF.
Coinbase-backed PAC Fairshake and affiliates held about $193 million as of January, with Coinbase listed as a direct funder—key capital info for COIN traders.