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ARK Invest resumes crypto buying spree, adds BitMine and Bullish shares

ARK Invest resumes crypto buying spree, adds BitMine and Bullish shares

ARK Invest has ramped up its exposure to crypto-linked equities, scooping up more BitMine Immersion Technologies and Bullish shares across several of its exchange-traded funds as markets continued to slide.According to ARK’s daily trade disclosures from Friday, the ARK Fintech Innovation ETF (ARKF) …

SOL drops to 5-month low despite Solana spot ETF success: Is $100 next?

SOL drops to 5-month low despite Solana spot ETF success: Is $100 next?

Key takeaways:The spot Solana ETFs have recorded inflows for 13 consecutive days.SOL broke its multi-year uptrend, slipping below a key moving average.Spot Solana exchange-traded funds continued to attract investor interest, recording their thirteenth straight day of inflows, underscoring instituti…

The Daily: Spot bitcoin ETFs see second-largest outflows on record, Michael Saylor slams rumors Strategy sold BTC, and more

The Daily: Spot bitcoin ETFs see second-largest outflows on record, Michael Saylor slams rumors Strategy sold BTC, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Friday! Bitcoin's continued slide below $100K triggered more than $1 billion worth of liquidations over the past 24 hours, but rising stablecoin inflows hint at quiet re-risking, BRN …

Crypto Treasuries Turn Defensive as Solana Upexi’s Buyback Adds to Growing DAT Trend

Crypto Treasuries Turn Defensive as Solana Upexi’s Buyback Adds to Growing DAT Trend

Publicly listed crypto treasuries are turning defensive as market volatility prompts a wave of corporate share buybacks across the digital asset treasury (DAT) sector.Recently, Nasdaq-listed Upexi has a $50 million share repurchase program, showing a broader shift toward capital preservation even as…

Bitcoin Depot Slides as New Regulations Expected to Dent Sales

Bitcoin Depot Slides as New Regulations Expected to Dent Sales

By Katherine HamiltonShares of Bitcoin Depot dropped after the cryptocurrency ATM operator said it expects new regulations to weigh on its future sales.The stock fell 18%, to $2.07, midday Thursday. Shares are still up 27% this year.Bitcoin Depot said Thursday it expects fourth-quarter revenue to be…

Gemini stock sinks to all-time low despite 52% revenue jump in first post-IPO earnings

Gemini stock sinks to all-time low despite 52% revenue jump in first post-IPO earnings

Crypto exchange Gemini reported its first quarterly results since going public in September, posting a 52% jump in revenue from the prior quarter as trading activity rebounded and new products like its credit card and staking services broadened the company’s revenue base amid higher IPO-related expe…

Rumble and Northern Data sign merger agreement as Tether makes $150 million AI commitment

Rumble and Northern Data sign merger agreement as Tether makes $150 million AI commitment

Rumble and Northern Data have signed a business combination agreement that will see the U.S. video and cloud platform submit a voluntary public exchange offer for all outstanding shares of the Frankfurt-listed AI and HPC infrastructure firm.The merger, announced on Monday, comes shortly after Northe…

‘Best continue’: Michael Saylor’s Strategy buys another 487 bitcoin for $50 million as total holdings reach 641,692 BTC

‘Best continue’: Michael Saylor’s Strategy buys another 487 bitcoin for $50 million as total holdings reach 641,692 BTC

Bitcoin treasury company Strategy (formerly MicroStrategy) acquired an additional 487 BTC for approximately $49.9 million at an average price of $102,557 per bitcoin between Nov. 3 and Nov. 9, according to an 8-K filing with the Securities and Exchange Commission on Monday.Strategy now holds a total…

Ripple’s $500 Million Funding Boost: Will XRP and RLUSD Benefit Massively?

Ripple’s $500 Million Funding Boost: Will XRP and RLUSD Benefit Massively?

Ripple Labs recently secured a $500 million strategic investment, which has lifted its valuation to approximately $40 billion.

Jack Dorsey’s Block sees nearly $2 billion in bitcoin revenue in Q3, nearly 1/3 of its total revenues

Jack Dorsey’s Block sees nearly $2 billion in bitcoin revenue in Q3, nearly 1/3 of its total revenues

Block, Inc. (ticker XYZ), Jack Dorsey’s fintech and digital-payments giant with a significant Bitcoin footprint, reported third-quarter earnings of $461.5 million on revenue of $6.11 billion in the period, according to its 10-Q filing with the Securities and Exchange Commission. “Block grew gross pr…

US spot Bitcoin ETFs bleed over $2B in second-worst outflow streak ever

US spot Bitcoin ETFs bleed over $2B in second-worst outflow streak ever

US spot Bitcoin exchange-traded funds (ETFs) have recorded more than $2 billion in outflows over the past week, marking their second-worst withdrawal streak on record.On Wednesday, spot Bitcoin (BTC) ETFs posted another $137 million in outflows, marking the sixth consecutive day of redemptions, acco…

Ethereum Whales Snap Nearly 400K ETH in Three Days, Total Purchases Exceed $1.37B

Ethereum Whales Snap Nearly 400K ETH in Three Days, Total Purchases Exceed $1.37B

Multiple Ethereum whales have significantly increased their holdings by acquiring 394,682 ETH worth $1.37 billion over the past three days.According to on-chain data, the strategic accumulation suggests a strong bullish momentum in Ethereum’s long-term potential, despite current market fluctuations.…