Cathie Wood’s ARK Invest Sells $49.2M Worth of Coinbase Shares
ARK has been consistently selling Coinbase stock in recent weeks. Friday’s is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.
news
Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters
The Fed’s benchmark interest-rate range is currently 5.25% to 5.5%.
Bitcoin Wallet Conio, Coinbase Team Up to Bring Crypto to Italian Banks
Conio is also deeply involved in the institutional uptake of digital assets, specifically the Euro Token project overseen by the innovation center of the Bank of Italy.
Crypto VC C1 With Coinbase Lineage Eyes Acquisition in Australia: Report
Crypto venture capital firm C1, which is led by former Coinbase executives, has met with several cryptocurrency groups and Australian venture firms offering to buy private holdings from investors using its $500 million ($AUD 760 million) fund, according to the Australian Financial Review.
Bitcoin’s 4% Drop Cools Overheated Funding Rates, Data Show
Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls.
Bitcoin, Ether, and Major Altcoins in Deep Red
Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.
Pudgy Penguins to Launch Webkinz-like Virtual World in 2024
Pudgy World, an interactive digital world available to Pudgy Penguin NFT holders, will become available in alpha mode sometime next year, according to the company’s CEO.
Tether Freezes 41 Crypto Wallets Tied to Sanctions
Stabelcoin issuer Tether blacklisted 41 wallets controlled by people on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List on Saturday.
U.S., South Korea, Japan Discuss North Korean Crypto Thefts in Trilateral Meeting
National security officials with the U.S., South Korean and Japanese governments discussed North Korea’s crypto thefts and other efforts to work on its nuclear and ballistic missile programs, the White House announced Friday night.
Crypto Provisions Dropped From 2023 U.S. Defense Bill
The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too.