The GraniteShares 2x Long Coinbase Daily ETF (CONL) surged 15.07% to close at $42.00 on January 15, 2025, as Coinbase Global Inc. (COIN) shares rose 7.53% to $274.60 following a favorable court ruling. A federal appeals court instructed the SEC to provide a clearer rationale for rejecting Coinbase's request for crypto-specific rulemaking, a decision seen as a win for Coinbase. This ruling pressures the SEC to clarify its stance on digital asset regulations, potentially paving the way for more structured guidelines. The broader cryptocurrency market also benefited from Bitcoin's price increase, driven by softer-than-expected December core CPI data, which suggests a more favorable inflation outlook. This economic indicator has boosted investor confidence in crypto assets, leading to higher trading volumes and increased interest in crypto-related companies.