Tech investor extraordinaire Cathie Wood’s ARK Invest has sold nearly $52 million in Coinbase stock, a filing from the firm shows. ARK’s Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF) offloaded a total of 199,526 shares. ARK had sold nearly $96 million in COIN earlier this month. ARK Invest buys tech stocks and other companies…
Frax Finance has taken a step forward in reinstating its protocol fee switch by presenting a new proposal on Thursday. The proposal outlines the reintroduction of the protocol fee switch, with 50% of the yield directed towards veFXS and the remaining 50% utilized to purchase other Frax assets for pairing in the FXS Liquidity Engine (FLE), according to the proposal…
After launching its first-ever tokenized asset fund on Ethereum earlier this week, BlackRock is quickly getting acquainted with life on-chain—and all the weird and wonderful things associated with it. Crypto users have been sending welcome gifts to a wallet associated with—but apparently not controlled by—the Wall Street behemoth, including genitalia-themed NFTs and funds tied to a blacklisted service the U.S.…
A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN research paper entitled “Conflicting Public and Private Interests in Chapter 11” meticulously explores the controversial […] Source: https://news.bitcoin.com/new-research-paper-sheds-light-on-alleged-conflicts-of-interest-in-ftxs-chapter-11-filing/
In a quick turn of events, Bitcoin dipped below the $65,000 mark, despite major stock indices reaching record highs driven by expectations of rate cuts. The correction in Bitcoin’s price over the past day resulted in significant liquidation of long positions on centralized exchanges. Despite major stock indices hitting record highs, with the Dow gaining about 0.7% and the S&P…
ETF Outflows Continu Despite Bitcoin’s decline, several alternative cryptocurrencies remain robust. Fantom (FTM) emerges as the top-performing Layer 1 blockchain, while Coinbase introduces futures trading. Exchange-traded funds (ETFs) witness a $94 million outflow, although outflows from Grayscale Bitcoin Trust (GBTC) may decelerate. Approximately $1 billion worth of Bitcoin shorts face liquidation if prices reach $67.8k. Coinbase’s premium resurfaces, marking the…
March Madness is upon us, with the western sports world obsessed with analyzing and picking how the NCAA men’s basketball tournament will unfold—a task that the sports league says has odds of one in 9,223,372,036,854,775,808. Of course, the 1:9.2 quintillion odds assume a 50-50 probability for each matchup, no better than a coin flip. Each team and game brings countless…
Tech giant Google has seamlessly integrated Ethereum Name Service (ENS) data into its search results using information sourced from Etherscan. CryptoSlate confirmed this integration through various ENS addresses, including Vitalik.eth, belonging to Vitalik Buterin, the co-founder of Ethereum. The displayed results provide comprehensive details such as the Ethereum balance and the timestamp of the last transaction, all retrieved from the…
The cryptocurrency market began Friday covered in red. Several coins, including Bitcoin, Ethereum, and Solana, fell in morning trading. It could be a sign of volatility ahead of the Bitcoin halving as traders attempt to gauge whether they’ve priced in the event correctly. And as Bitcoin goes, so too typically does the rest of the market. The price of Bitcoin…
Bitcoin has experienced a decline of over 10% from its recent all-time high, reflecting a decrease in interest for newly established spot Bitcoin exchange-traded funds (ETFs). Strategists at JPMorgan Chase and Co. have cautioned that this pullback could continue. The group of 10 spot Bitcoin ETFs is currently witnessing its largest weekly outflow since its introduction on January 11. Concurrently,…
