According to MilkRoadDaily, despite a broad crypto market rally and Coinbase's announcement of acquiring Deribit, Coinbase (COIN) stock remained flat over the past 24 hours, delivering approximately 0% gains. The main driver for this lack of movement was the company's earnings report, which appears to have tempered investor enthusiasm even amid positive sector news. Traders should note that while the crypto market pump and strategic acquisitions often lead to bullish sentiment for related equities, earnings performance can override even strong market catalysts. Monitoring earnings releases and their reception is crucial for crypto stock trading strategies (Source: @MilkRoadDaily, Twitter, May 9, 2025).