--- title: "RIOT, COIN, MSTR Jump up to 16%: What Is Going On With Crypto Stocks?" type: "News" locale: "en" url: "https://longbridge.com/en/news/304155373.md" description: "Crypto stocks surged, with Riot Platforms jumping 16%, driven by the CFTC's approval of equity perpetual futures on regulated U.S. exchanges. This regulatory shift allows mainstream access to high-volume trading previously limited to offshore venues. The rally occurred ahead of Riot's Q3 earnings and amid mixed signals for Coinbase, which rose despite a Morgan Stanley downgrade but saw ARK Invest increase holdings. Meanwhile, Strategy defended its Bitcoin strategy against criticism regarding buybacks." datetime: "2026-11-03T18:22:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304155373.md) - [en](https://longbridge.com/en/news/304155373.md) - [zh-HK](https://longbridge.com/zh-HK/news/304155373.md) generator: "portal-rs" --- # RIOT, COIN, MSTR Jump up to 16%: What Is Going On With Crypto Stocks? **Riot Platforms** (NASDAQ:RIOT) jumped 16% Tuesday, leading a rally in crypto stocks that outpaced **Bitcoin** (CRYPTO: BTC) and **XRP** (CRYPTO: XRP) on Election Day. ### Why the CFTC’s Equity Perps Approval Is Lifting Crypto Stocks As CoinDesk reported Tuesday, the CFTC cleared perpetual futures tied to individual stocks to trade on regulated U.S. exchanges for the first time, with both the CFTC and SEC sharing oversight. The approval extends the same crypto-style trading model that already powers platforms like Hyperliquid as measured by **Hyperliquid Strategies** (NASDAQ:PURR) to mainstream U.S. markets, a tailwind for exchanges and infrastructure providers positioned to capture that volume. CFTC Chairman **Michael Selig** said the move lets American traders access these products "within the protections of the CFTC’s proven regulatory framework, rather than being forced to turn to offshore, and often unregulated, venues."  Perpetual futures recorded more than $630 billion in trading volume over the past month, according to DeFiLlama data, underscoring the scale of demand now opening up to regulated U.S. platforms. ### Riot Platforms Jumps Ahead of Q3 Earnings Riot reports third-quarter results Wednesday as it shifts from Bitcoin mining toward AI and high-performance computing infrastructure.  Analysts expect a loss of 32 cents per share on roughly $159.7 million in revenue, an improvement from the prior quarter’s steeper loss.  Riot fell 7.57% Monday on analyst concerns about AI data-center lease demand, and Tuesday’s rally came ahead of results, with investors watching how quickly the company’s AI business ramps following its Anthropic deal. ### Coinbase Rises Despite Morgan Stanley Downgrade **Morgan Stanley** (NYSE:MS) downgraded Coinbase to Underweight from Equalweight Monday as cited by CoinDesk, cutting its price target to $120 from $258 on concerns about slowing trading activity and crypto market uncertainty following the Binance hack.  Despite that call, Cathie Wood’s ARK Invest bought roughly $9 million in Coinbase shares and $8 million in **Circle** (NYSE:CRCL) shares across Friday and Monday’s sessions, while trimming about $8 million from its **Bullish** (NYSE:BLSH) position.  ARK also added roughly $646,000 in **Robinhood** (NASDAQ:HOOD) shares Monday. ### Why Strategy Keeps Pointing to Bitcoin’s Breakeven Math As Benzinga reported Tuesday, Strategy said Bitcoin has outpaced the company’s 2.3% annual breakeven rate in every rolling four-year period since 2014, with Bitcoin gaining 39.7% annually on a compounded basis over the most recent four-year stretch.  That defense came the same day **Peter Schiff** questioned whether Strategy’s cash reserves can keep supporting **STRC’s** (NASDAQ:STRC) share price after the company spent roughly $2.25 billion on buybacks this year. Marathon Digital rose 9.5% Tuesday, rebounding alongside other Bitcoin miners as a higher Bitcoin price increases the dollar value of each coin mined.  The company’s own earnings are scheduled for November 9, giving investors another near-term catalyst to watch across the mining sector. *Image: Shutterstock* **Read Also: Peter Schiff Challenges Saylor After Strategy Spends $2.25B on Buybacks** ### Related Stocks - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [RIOT.US](https://longbridge.com/en/quote/RIOT.US.md) - [ATC.US](https://longbridge.com/en/quote/ATC.US.md) - [COIA.US](https://longbridge.com/en/quote/COIA.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [COIO.US](https://longbridge.com/en/quote/COIO.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [COIX.US](https://longbridge.com/en/quote/COIX.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [CONX.US](https://longbridge.com/en/quote/CONX.US.md) - [CONY.US](https://longbridge.com/en/quote/CONY.US.md) - [COYY.US](https://longbridge.com/en/quote/COYY.US.md) - [FIAT.US](https://longbridge.com/en/quote/FIAT.US.md) - [ICOI.US](https://longbridge.com/en/quote/ICOI.US.md) - [IMRA.US](https://longbridge.com/en/quote/IMRA.US.md) - [IMST.US](https://longbridge.com/en/quote/IMST.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [MAAY.US](https://longbridge.com/en/quote/MAAY.US.md) - [MARO.US](https://longbridge.com/en/quote/MARO.US.md) - [MHX.US](https://longbridge.com/en/quote/MHX.US.md) - [MRA.US](https://longbridge.com/en/quote/MRA.US.md) - [MRAL.US](https://longbridge.com/en/quote/MRAL.US.md) - [MSDD.US](https://longbridge.com/en/quote/MSDD.US.md) - [MSOO.US](https://longbridge.com/en/quote/MSOO.US.md) - [MSR.US](https://longbridge.com/en/quote/MSR.US.md) - [MSST.US](https://longbridge.com/en/quote/MSST.US.md) - [MST.US](https://longbridge.com/en/quote/MST.US.md) - [MSTC.US](https://longbridge.com/en/quote/MSTC.US.md) - [MSTK.US](https://longbridge.com/en/quote/MSTK.US.md) - [MSTP.US](https://longbridge.com/en/quote/MSTP.US.md) - [MSTU.US](https://longbridge.com/en/quote/MSTU.US.md) - [MSTW.US](https://longbridge.com/en/quote/MSTW.US.md) - [MSTX.US](https://longbridge.com/en/quote/MSTX.US.md) - [MSTY.US](https://longbridge.com/en/quote/MSTY.US.md) - [MSTZ.US](https://longbridge.com/en/quote/MSTZ.US.md) - [MTYY.US](https://longbridge.com/en/quote/MTYY.US.md) - [REKT.US](https://longbridge.com/en/quote/REKT.US.md) - [RIOX.US](https://longbridge.com/en/quote/RIOX.US.md) - [RTYY.US](https://longbridge.com/en/quote/RTYY.US.md) - [SMST.US](https://longbridge.com/en/quote/SMST.US.md) - [WNTR.US](https://longbridge.com/en/quote/WNTR.US.md) - [07711.HK](https://longbridge.com/en/quote/07711.HK.md) - [07799.HK](https://longbridge.com/en/quote/07799.HK.md) - [09311.HK](https://longbridge.com/en/quote/09311.HK.md) - [09399.HK](https://longbridge.com/en/quote/09399.HK.md) - [BLSH.US](https://longbridge.com/en/quote/BLSH.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [PURR.US](https://longbridge.com/en/quote/PURR.US.md) ## Related News & Research - [U.S. clears path for first regulated equity perpetual futures](https://longbridge.com/en/news/304146909.md) - [Binance co-CEO Richard Teng says hackers used fake job interviews, AI tool to steal $6.3 billion in crypto 108511116](https://longbridge.com/en/news/304145542.md) - [U.S. Department of Justice said to be aware of Binance hack reports](https://longbridge.com/en/news/303787060.md) - [MSTR Stock Is Down 44% in a Year, but Michael Saylor Says Strategy Doesn’t Need Bitcoin Or Equity to Do the ‘Heavy Lifting’](https://longbridge.com/en/news/303701275.md) - [After Binance’s $6.3 Billion Hack, Now a Crypto Wallet Firm Issues Urgent Security Alert Over Suspected Hardware Tampering](https://longbridge.com/en/news/303726350.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**