Ark Invest Sells Off Circle Stock After Massive Post-IPO Rally

Cathie Wood‘s ARK Invest has sold off a sizeable portion of its Circle (CRCL) share holdings. This asset management firm trimmed $51.8 million worth of these shares amidst an extension in the stock price rally following its successful Initial Public Offering (IPO) listing. ARK Invest First Divestment of CRCL Shares In May, Circle filed with…

Bitcoin (BTC) Price Resumes Selloff Ahead of FOMC Meeting, What to Expect?

The price of Bitcoin BTC $104 139 24h volatility: 3.9% Market cap: $2.07 T Vol. 24h: $40.49 B , the flagship cryptocurrency, has remained below the $107,000 threshold for a couple of days, with a supply overhang limiting further upside. On one hand, traders are looking forward to the next US Federal Open Market Committee…

XRP Price To $27? Top Analyst Unveils Key Technical Setup

On June 6, top market Analyst EGRAG CRYPTO sent the cryptocurrency sector buzzing with a bold XRP XRP $2.19 24h volatility: 0.3% Market cap: $128.56 B Vol. 24h: $1.29 B prediction. In an X post, the analyst shared a compelling technical setup for the Ripple-associated XRP coin. He projected that the crypto asset could hit…

BlackRock Ethereum ETF Approaches $5 Billion Inflows While IBIT Bleeds

BlackRock Ethereum ETF has registered nine consecutive days of inflows in a row and is approaching the $5 billion milestone very soon. Over the last nine trading sessions, the asset manager has dominated inflows among other US ETF issuers, with nearly half a billion dollars. As per the official website, the net assets under management…

From $250M to $1B: Strategy Is Going All-in on Bitcoin Amid Bear-Bull Strife

Strategy, the largest corporate holder of Bitcoin BTC $105 065 24h volatility: 0.5% Market cap: $2.09 T Vol. 24h: $45.01 B , is doubling down with a bold move announcing a nearly $1 billion preferred stock offering, designed not only to attract yield-hungry investors but also to fund a fresh round of BTC purchases. The…

Metaplanet Increases Bitcoin Accumulation Target by 21X, Raises $5.4 Billion

Publicly listed firm Metaplanet has announced a significant $5.4 billion fundraise to support its goal of accumulating 210,000 Bitcoin BTC $103 931 24h volatility: 1.7% Market cap: $2.07 T Vol. 24h: $46.01 B by the end of 2027. As the company approaches its initial milestone of 10,000 BTC, it has raised its target by 21…

Switzerland Approves Crypto Tax Data Exchange with 74 Countries

Switzerland’s Federal Council has approved plans to share cryptocurrency information with 74 countries. Under the proposal, the country would automatically exchange crypto-related data with all European Union member states, the United Kingdom, and most G20 nations. However, the arrangement does not include the United States or Saudi Arabia. On June 6, Switzerland issued an official…

Ripple Labs Releases $2.2 Billion in XRP From Escrow In New Schedule

Ripple Labs has released 1 billion XRP BTC $103 271 24h volatility: 1.8% Market cap: $2.05 T Vol. 24h: $26.23 B from escrow, valued at approximately $2.2 billion. This time, the release did not occur on the first day of the month, breaking from its usual routine. The change marks a continuing shift in the…

SEC Secures $1.1M Victory After Accused Crypto Fraudster Fails to Appear in Court

The U.S. Securities and Exchange Commission (SEC) recently secured a legal victory against Keith Crews, who was accused of operating a deceptive cryptocurrency scheme. Crews, sued by the SEC in 2023, failed to appear in court to respond to the charges. Due to his absence, the court issued a default judgment in the SEC’s favor,…