The Yieldmax Coin Option Income Strategy ETF (CONY) closed at $13.37 on February 4, 2025, down 1.04% as Coinbase's underlying security faced significant challenges. Coinbase's stock fell 2.32% to $277.80, driven by reports of security vulnerabilities leading to $300 million in annual losses due to scams. Blockchain researchers highlighted gaps in Coinbase's security, including issues with VPNs and inadequate fraud tracking, which have facilitated these scams. Additionally, Coinbase's lobbying efforts to push U.S. regulators to allow banks to offer crypto services have not yet yielded results, adding to the uncertainty. The broader cryptocurrency market also experienced volatility, with Bitcoin's price fluctuations amid geopolitical tensions and tariff threats from the U.S. and China.