Ark Invest Splashes $47-M On Coinbase, BitMine Shares After US Stock Market Drawdown

2025-08-03 20:07:09

Description

Asset management firm Ark Invest has expanded its stock holdings of US-based centralized exchange Coinbase and blockchain technology company Bitmine. This $47 million purchase of crypto-related stocks came on Friday, August 1, following the dip in the US equities market due to weak economic data and newly adjusted tariff policies. Ark Invest Renews Interest In Coinbase Stock With $30-M Purchase According to the firm’s latest trading disclosure , Ark Invest added a total of 94,678 shares (worth a...

>> go to origin page

Tags:
Crypto News ARK Invest Bitminer BMNR coin coinbase

$ETH

$3502.16

+3.29%

Bitcoinist

bitcoinist.com

Latest News

Ark Invest Splashes $47-M On Coinbase, BitMine Shares After US Stock Market Drawdown2025-08-03 20:07:09
Eric Trump Joins the ‘Buy the Dip’ Chorus – Could Bitcoin Hyper ($HYPER) Outperform $BTC?2025-08-03 19:10:37
Analysts Expect a New Ethereum ATH, Despite $ETH Dropping 6% in 24H From Its $3,800 Price Point2025-08-03 18:53:31
Elon Musk Poses Chilling Question: Can Quantum Computers Hack Bitcoin?2025-08-03 18:42:43
Institutional Players Could Bring The Next Bitcoin Bear Market — Expert Dissects Why2025-08-03 17:47:27

Visa Expands Multi-Chain Stablecoin Settlement Platform with Stellar, Avalanche Support

12:49 01-08-2025 （2 days ago）

Visa has significantly expanded its cryptocurrency settlement capabilities, adding integrations with the Stellar and Avalanche blockchains and incorporating three new stablecoins—PayPal USD (PYUSD), Global Dollar (USDG), and euro-backed EURC—into its platform. This move builds upon existing support for Ethereum and Solana. The enhancement substantially broadens the infrastructure available to Visa's partners. The integration of PYUSD, USDG, and EURC alongside USDC...

Critical BTC Liquidation Zones Near $118K and $108K Pose Billions in Market Risk

10:25 03-08-2025 （13 hours ago）

Bitcoin faces significant liquidation risks as Coinglass data identifies two critical price thresholds on major centralized exchanges that could trigger volatile market movements. Current liquidation intensity clusters reveal $118,358 as the critical short liquidation zone, while $108,034 represents the primary long liquidation danger point. Exceeding $118,358 would force $2.008 billion in short position liquidations across exchanges. Conversely, breaching the $108,034...

Solana Drops 12% Weekly Amid Whale Sell-Offs, $154 Support Level Crucial for Stability

11:34 02-08-2025 （2 days ago）

Solana (SOL) has declined 12.38% over the past week, with its price falling from $206 to $159 amid significant whale sell-offs and rising bearish sentiment. This downturn reflects sustained selling pressure and places heightened focus on the $154 support level for potential price stabilization. A major whale transaction intensified the downward momentum after 108,016 SOL ($17.74 million) was deposited into...

Binance Alpha Lists DarkStar (DARK) for Enhanced Early-Stage Project Visibility

07:21 02-08-2025 （2 days ago）

Binance Alpha has added DarkStar (DARK) to its platform, providing the early-stage cryptocurrency project with heightened visibility and liquidity access within the expansive Binance ecosystem. This listing exposes DARK to Binance's global user base of millions, significantly increasing its potential for user adoption. Integration with the native Binance Wallet further simplifies the on-chain trading process, boosting accessibility and fostering trust...

Significant ETH Volatility in Ethereum Staking Queues Highlights Market Uncertainty

08:27 03-08-2025 （15 hours ago）

The Ethereum Proof-of-Stake network is currently experiencing contrasting staking dynamics, with nearly 560,000 ETH queued for withdrawal while over 123,000 ETH await entry. This substantial exit queue, involving approximately 7.5% of the total staked ETH, indicates pronounced pressure from validators seeking to unstake their assets. Simultaneously, the entry queue, representing about 1.6% of staked ETH, demonstrates sustained investor confidence in...

Bitcoin Tumbles to Three-Week Low Amid Trump Tariff-Induced Market Volatility

05:18 01-08-2025 （3 days ago）

Bitcoin plunged to a three-week low near $114,000 following heightened market volatility triggered by President Trump's tariff executive order, resulting in substantial liquidations across the cryptocurrency market. The flagship cryptocurrency fell 2.6% to $114,250, breaking below its established trading range amid intensified uncertainty. Market turbulence escalated as over $630 million in long positions were liquidated shortly after the tariff announcement....

Pump.fun Gains Market Share in Solana Memecoin Platform Race as Letsbonk Dips

02:19 03-08-2025 （21 hours ago）

Pump.fun has significantly expanded its presence in the competitive Solana token issuance market, now commanding 32.4% market share according to recent data. This represents a notable 5.1% daily increase, positioning the platform as a growing challenger in the ecosystem. Previously dominant player Letsbonk saw its market share decline to 50.2%, marking a 4.7% reduction over the same period. This shift...

Coinbase Challenges FDIC Over Alleged Obstruction of Operation Chokepoint 2.0 Documents

11:36 01-08-2025 （3 days ago）

Coinbase has initiated legal proceedings against the Federal Deposit Insurance Corporation (FDIC), accusing the regulator of deliberately obstructing access to critical documents concerning Operation Chokepoint 2.0. This regulatory initiative restricts banking institutions from servicing cryptocurrency-related businesses. The exchange alleges the FDIC intentionally withheld records requested under the Freedom of Information Act (FOIA), initially limiting its search solely to documents shared...

SEC Regulatory Changes Trigger $152.3 Million Ethereum ETF Outflows, Fuel Market Volatility

08:27 03-08-2025 （15 hours ago）

Ethereum exchange-traded funds (ETFs) experienced significant outflows totaling $152.3 million following regulatory updates from the U.S. Securities and Exchange Commission (SEC). Major US-listed ETFs including ETH, ETHW, and ETHE were impacted by the capital withdrawal as investors reacted to new compliance requirements. The SEC's approval of in-kind creations and redemptions aims to enhance ETF liquidity and tracking accuracy long-term. However,...

Bullish Ethereum Signal Points to Altcoin Breakout as Crypto Market Rotation Intensifies

20:19 02-08-2025 （1 day ago）

Cryptocurrency analysts highlight a rare bullish indicator in Ethereum's performance, coupled with shifts in market dominance, signaling a potential altcoin rally and the onset of a new bullish cycle driven by capital rotation. Ethereum's MACD crossover against Bitcoin, occurring at a cycle low as in earlier bull runs, historically precedes substantial altcoin rallies—such as gains of 5x to 20x witnessed...

Metaplanet Targets 210,000 Bitcoin Holdings via $3.7 Billion Perpetual Shares Fundraise

12:33 01-08-2025 （2 days ago）

Japanese investment firm Metaplanet Inc. has announced a plan to raise $3.7 billion to significantly expand its Bitcoin (BTC) treasury. The capital will be sourced through the issuance of perpetual preferred shares pending shareholder approval. This substantial fundraise aims to accumulate Bitcoin holdings totaling 210,000 BTC by 2027, reinforcing Metaplanet's strategic pivot to become a leading Bitcoin-focused asset manager. The...

Trump Vows Full Disclosure of Epstein Case Records, Vows to Protect Innocent Parties

02:29 02-08-2025 （2 days ago）

Former President Donald Trump has publicly committed to releasing all documents pertaining to the Jeffrey Epstein case. He emphasized that full transparency regarding the matter is necessary. Trump stated the disclosure process will be conducted with careful consideration for the individuals involved. He pledged to ensure innocent parties are not harmed as the documents are made public. Addressing potential concerns...