Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum
Solana (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness.In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain eco ...
Cathie Wood bullish on Bitcoin and AI convergence
In a recent Twitter post, Cathie Wood, CEO of Ark Invest, expressed her positive view on the intersection of Bitcoin (BTC) and artificial intelligence (AI)In her tweet, Cathie Wood subtly hinted at the immense transformative potential inherent in the dynamic synergy between artificial inte ...
Cathie Wood bullish on Coinbase after Ripple court ruling
Cathie Wood, the founder and CEO of ARK Investment Management, said she remains bullish over Coinbase in light of Ripple’s partial victory over the Securities and Exchange Commission on July 13. While Wood noted the ruling wasn’t in outright favor of Ripple, she lauded the outcome as ...
ARK Invest sells more Coinbase shares, eyes Meta platforms, Robinhood
As Coinbase stock reaches a 52-week high, ARK Invest — the investment management firm led by Bitcoin (BTC) bull Cathie Wood — has recently sold more of its shares in the crypto exchange.Following ARK Invest’s significant acquisition of Coinbase shares during the bear market, ...
Bitcoin ETF race gets hotter as ARK Invest adds surveillance agreement to application
ARK Investment Management has amended its spot Bitcoin (BTC) exchange-traded fund (ETF) application with the United States Securities and Exchange Commission, making it similar to BlackRock’s recent filing. The amendments include a surveillance sharing agreement with the Ch ...
Moody’s downgrades Coinbase, citing ‘uncertain magnitude’ of SEC charges
Credit ratings agency Moody’s has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker.In a June 8 statement, Moody’s ...
ARK Invest buys Coinbase shares the same day SEC serves lawsuit
The same day cryptocurrency exchange Coinbase was served with a lawsuit from the United States Securities and Exchange Commission, ARK Invest added more stock to its Coinbase holdings. According to investor notification from ARK Invest on June 6, the firm added approximately 419,324 s ...