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The Wall Street Journal
Coinbase, Silvergate Get a Crypto Rally
There’s a rally in heavily-shorted cryptocurrency-connected stocks. Silvergate Capital’s stock is up more than 20% Wednesday, on pace for one of its biggest percentage gains in a year. Bitcoin miner Marathon Digital Holdings is up about 20%. And exchange Coinbase is up 12% after it agreed to pay [$100 million](https://www.wsj.com/livecoverage/stock-market-news-today-01-04-2023/card/coinbase-to-pay-100-million-in-settlement-with-new-york-regulator-PUp5jRLKzaaACL9omSdS) to settle accusations by Ne
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