Bitcoin has risen by approximately 5% in late-afternoon market trading following the announcement of a lawsuit against Coinbase by the SEC. This increase largely reverses the value lost after the SEC filed a lawsuit against Binance and its American arm.

Other major digital assets, including Ether, DOGE, and SOL, have also seen gains over the past 24 hours. Meanwhile, Coinbase's stock price fell sharply at the open but recovered slightly by the end of the trading day, closing down 12.09%.