Coinbase Global shares rose 10.84% to $193.92 Thursday as Bitcoin climbed past $81,000, lifting sentiment across digital-asset equities. Higher cryptocurrency prices can increase retail and institutional trading activity, supporting Coinbase’s transaction-fee revenue and the dollar value of assets held on its platform. That can also support custody-related income from corporate and institutional clients. Investors are also focused on a scheduled Sept. 15 Senate procedural vote on the CLARITY Act, which would divide federal cryptocurrency oversight between the CFTC (U.S. derivatives regulator) and the SEC (U.S. securities regulator). Clearer rules could reduce legal uncertainty around Coinbase’s business and support new institutional products and stablecoin reward offerings. Separately, Federal Reserve Governor Christopher Waller said he would support holding interest rates steady if upcoming inflation data continues to cool, helping push Treasury yields lower and supporting risk assets.