The GraniteShares 2x Long Coinbase Daily ETF (CONL) surged 10.29% to close at $41.71 on January 3rd, driven by a 5.13% rise in Coinbase Global's stock price to $270.40. Coinbase's stock benefited from the release of unredacted FDIC files, which revealed a coordinated effort to restrict crypto transactions, marking a significant legal victory for the company. This development has bolstered investor confidence, as it underscores Coinbase's resilience against regulatory challenges. Additionally, the acquisition of BUX's Cyprus unit has expanded Coinbase's European footprint, enhancing its regulatory compliance and service offerings. Analysts have also been optimistic, with several raising their price targets for Coinbase, reflecting a positive outlook on its growth prospects.