Ark Invest’s Bold Bet: $14M Coinbase Stock Purchase Amid Market Turbulence
TL;DR Strategic $14M Investment: Ark Invest, led by Cathie Wood, bought 64,358 Coinbase shares across its ARKK and ARKF ETFs amid significant crypto market volatility....
Tag : Coinbase
Ark Invest Adjusts Portfolio with Coinbase Purchase and Bitcoin ETF Sale
TL;DR Ark Invest purchased 38,865 Coinbase shares for $8 million and sold $8.2 million of its Bitcoin ETF (ARKB). Coinbase represents 6% of the ARKW...
Coinbase To Require Court Of Appeals To Define Whether Cryptocurrencies Are Securities
by federico
TL;DR Coinbase is asking the Second Circuit Court of Appeals to determine whether cryptocurrency transactions are investment contracts. The platform argues that cryptocurrencies are not...
Ark Invest Sells $3.9 Million in Coinbase Shares as Part of ARKF Fund Rebalancing
TL;DR Ark Invest sold 13,780 Coinbase shares for $3.9 million as part of a rebalancing of its Fintech Innovation ETF (ARKF). The sale occurred after...
Ethereum Whale’s $224 Million Sell-off Triggers Market Uncertainty
TL;DR An inactive Ethereum whalle, dormant since 2016, has come back to life and sold 73,356 ETH, amounting to over $224 million. The sudden and...
Coinbase to Delist wBTC Amid cbBTC Launch
TL;DR Coinbase will delist Wrapped Bitcoin (wBTC) on December 19, 2024, citing “listing standards” following an internal review. This decision comes after the launch of...
Coinbase Denies Bitcoin IOU Allegations Amid BlackRock Collaboration Rumors
TL;DR Coinbase was accused of collaborating with BlackRock in issuing Bitcoin “IOUs” to manipulate its price. Brian Armstrong, CEO of Coinbase, denied the accusations and...
Coinbase Launches Support for Polygon Rebranded Token POL Amid High Volatility
by Fernando
TL;DR Coinbase has added support for the Polygon Ecosystem Token (POL), formerly known as MATIC. POL will be available on Coinbase with an experimental label,...
Anonymous Investor Withdraws Nearly $500 Million in Bitcoin from Coinbase: Market Speculates on Next Moves
TL;DR An anonymous investor withdrew nearly $500 million in Bitcoin from Coinbase, distributing the funds across 50 transactions of 157 BTC each. There is speculation...