"Arch Resources and Coinbase Global Lead Today's Stock Movers on NASDAQ:COIN"
Coinbase Global's stock rose 6% after securing a Major Payment Institution license from the Monetary Authority of Singapore, allowing it to offer digital payment token services in Singapore. Other crypto-focused stocks like Marathon Digital, Riot Platforms, MicroStrategy, and HUT 8 Mining also saw gains as Bitcoin reached a six-week high. Invitae Corporation's stock surged 13% after the FDA authorized its Invitae Common Hereditary Cancers Panel, a test to identify cancer-related genes. On the downside, Arch Resources dropped 14% due to a forecasted decrease in Q3 adjusted EBITDA, while Syndax Pharmaceuticals fell 5% despite positive results from its cancer medication trial.