News Explorer — ARK Invest Cashes in on Coinbase Rally, Selling Over $50.5 Million Worth of COIN

ARK Invest Cashes in on Coinbase Rally, Selling Over $50.5 Million Worth of COIN

Cathie Woods’ ARK Invest sold over $50.5 million worth of Coinbase COIN shares on July 14, taking advantage of the recent rally in the cryptocurrency exchange stock. This sale included over 480,000 COIN shares across three different funds, making ARK one of the largest holders of Coinbase stock. The recent surge in Coinbase shares was driven by the announcement of surveillance-sharing agreements with five spot bitcoin exchange-traded fund applicants, potentially paving the way for SEC approval of such a fund in the U.S.

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Jul 17, 3:00 am

Axios

Ethena Raises $6M for Dollar-Pegged Stablecoin Launch on Ethereum

Crypto startup Ethena has raised $6 million in seed funding led by Dragonfly for its new stablecoin, USDe. Unlike previo… Read Summary

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Jul 17, 3:57 am

Decrypt

Aave’s New Stablecoin GHO Sees 2.5 Million Coins Minted in Less Than 48 Hours

Aave’s new stablecoin GHO has already seen 2.5 million coins minted within 48 hours of its release. The launch was appro… Read Summary

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Jul 17, 3:02 am

Decrypt

1inch Network Token Surges 19% Overnight, Driven by Increased Trading Volume and Futures Activity

The 1inch Network token experienced a significant overnight gain of 19%, making it the top gainer in the crypto market…. Read Summary

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Jul 17, 3:01 am

Decrypt

Gnosis Rolls Out Visa Debit Card Linked to Self-Custodial Crypto Wallets

Gnosis has launched Gnosis Card, a debit card that utilizes their payment network, Gnosis Pay. Initially available in EU… Read Summary

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Jul 17, 2:56 am

Decrypt

Binance Integrates Lightning Network for Bitcoin Transactions to Soothe Network Congestion, High Fees

Binance, the world’s largest cryptocurrency exchange, has announced the completion of its integration of the Lightning N… Read Summary

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Jul 17, 2:30 am

Decrypt

Lens Protocol’s V2 Update Introduces Blocking, Collect, and New Mirror Features

Lens Protocol, developed by the Aave Companies, is introducing new features in its latest update. Lens V2 allows users t… Read Summary

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Jul 17, 1:44 am

The Block

Ethereum Layer-2 Network Mantle Launches Mainnet Alpha With Modular Chain Approach

Mantle Network, an Ethereum Layer 2 blockchain, has launched its mainnet alpha after six months of development and testi… Read Summary

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Jul 17, 2:00 am

Coindesk

Unstoppable Domains Now Supports Ethereum Name Service Domain Endings

Unstoppable Domains is expanding its offerings by adding support for Ethereum Name Service (ENS) domain endings. This al… Read Summary

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Jul 17, 1:31 am

Coindesk

ARK Invest Cashes in on Coinbase Rally, Selling Over $50.5 Million Worth of COIN

Cathie Woods’ ARK Invest sold over $50.5 million worth of Coinbase COIN shares on July 14, taking advantage of the recen… Read Summary

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Jul 17, 12:31 am

The Block

National Australia Bank Blocks Payments to ‘High-Risk’ Crypto Exchanges Over Scams

National Australia Bank (NAB) has blocked payments to “high-risk” cryptocurrency exchanges in an effort to protect its customers from scams. Between March and July, NAB intervened in ov… Read Summary

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Jul 16, 6:03 pm

Cointelegraph

Aave Launches GHO Stablecoin on Ethereum Mainnet

Following a community governance vote, Aave has launched its algorithmic stablecoin GHO on the Ethereum mainnet, with 2…. Read Summary

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Jul 16, 5:04 pm

Decrypt

Over 200 Ethscriptions Nabbed in Smart Contract Exploit

Ethscriptions, a protocol for creating and sharing digital objects on Ethereum, has experienced a major setback as its m… Read Summary

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Jul 16, 11:15 am

Decrypt

Crypto Investment Continues Slide And ‘Has Not Yet Found a Clear Bottom’: Report

According to a report by Galaxy Research, venture capital firms are becoming less interested in the crypto space, with i… Read Summary

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Jul 16, 10:46 am

Decrypt

Brazilian CBDC Allows Government to Freeze Funds, Developer Finds

A blockchain developer has discovered that the Brazilian Central Bank Digital Currency (CBDC) has the ability to freeze… Read Summary

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Jul 16, 8:50 am

Cointelegraph

Glassnode Reports High Demand for Bitcoin at the Current Price, With Major Moves Last Observed at $30,200

Glassnode data shows that a record amount of BTC changed hands near the current spot price, indicating significant deman… Read Summary