ARK offloads $5.2M in Coinbase stock amid 18-month high

ARK Invest, one of the companies that filed an application for a spot Bitcoin (BTC) exchange-traded fund (ETF), is again taking profits on its Coinbase (COIN) shares as the stock price surges.On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF (ARKF), according ...

Coinbase shares hit 18-month high after Binance charges

Crypto exchange Coinbase (COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States.On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it cl ...

Marathon, Riot among most overvalued Bitcoin mining stocks: Report

Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud.The key metric backing Mellerud's claim is enterprise value-to-sales ratio — measu ...

Crypto asset manager Valkyrie amends spot Bitcoin ETF filing

Digital asset manager Valkyrie Investments is the latest firm to amend the spot Bitcoin (BTC) exchange-traded fund (ETF) filing with the United States securities regulators.Valkyrie on Oct. 30 filed an updated spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC), accordi ...

Patricia exchange CEO announces debt restructuring via convertible notes

Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia ...

Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts

The use of cryptocurrency by Hamas militants to fund recent attacks on Israel may have set back Coinbase’s crypto lobbying efforts in the United States, says a new investment report from Berenberg Capital Markets. In an Oct. 18 research note, Berenberg lead analyst Mark Palmer said th ...

FTX court filing reveals former Alameda CEO’s $2.5M yacht purchase

FTX Debtors have disclosed a series of financial statements revealing any transactions that benefited company executives shortly before the major cryptocurrency exchange’s collapse in November 2022.In a recent court filing with the United States Bankruptcy Court for the District of De ...

Robinhood beats investors’ appeal in GameStop meme stock case

A United States federal appeals court has upheld a decision to dismiss an investor class-action lawsuit against online brokerage firm Robinhood Markets over its meme stock trading debacle in early 2021. A total of 16 investors took part in a class action lawsuit against the trading platfor ...

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, ...

Soluna Secures $14 Million Funding for Renewable Bitcoin Mining Centers, Shares Rise

Shares of Soluna, a developer of environmentally friendly bitcoin mining data centers, rose 12% after the firm raised $14 million in funding. The funds will be used to complete the development of the Dorothy 1B project in Texas in a new deal with Navitas Global. The deal ...

ARK Invest Buys $8.4 Million Worth of Coinbase Stock

Yesterday, ARK Invest units bought $8.4 million worth of securities This is at least the 5th round of such investments since the beginning of the year The well-known American investment company ARK Invest is stocking up on COIN stock again. Yesterday, Ark Innovat ...

Mysten Labs to Buy Back Shares and Warrants for SUI Tokens from FTX

Thank you for providing this news update. It seems that Mysten Labs, a blockchain startup, is in the process of buying back its shares and warrants from FTX, a cryptocurrency exchange that is currently undergoing bankruptcy proceedings. Under the proposed agreement, Mysten Labs would buy back app ...