Cathie Wood’s Ark Invest has added more positions to its portfolio, purchasing $21.3 million worth of Robinhood Markets shares through two of its exchange-traded funds, according to a Wednesday disclosure. The investment firm’s ARK Innovation ETF and ARK Next Generation Internet ETF collectively acquired 167,489 Robinhood shares. Based on Robinhood’s closing price of $127.22 per
Venture capital firm Andreessen Horowitz (a16z) is reportedly seeking to raise around $10 billion to invest in the artificial intelligence and defense industries, but crypto, long one of its flagship sectors, is notably missing. According to a Thursday Financial Times report citing anonymous sources, a16z is aiming to raise about $10 billion for new investments,
The Trump administration is preparing to launch a new trade investigation into China’s failure to comply with the terms of a 2020 trade agreement. According to sources familiar with the matter, this step could increase tensions between the US and China and pave the way for new customs duties. As relations between the world’s two
FalconX’s acquisition of 21Shares on Oct. 22 will add prime brokerage to the crypto investment management firm that oversees more than $11 billion across dozens of exchange-traded products (ETP). The deal, which has an undisclosed sum, merges prime brokerage infrastructure with one of the largest crypto ETP issuers, creating a vertical integration that could reshape
Alt5 Sigma (ALTS), a developer of digital-asset trading platforms that is building a treasury of tokens issued by Trump-family linked World Liberty Financial, said it suspended CEO Peter Tassiopoulos and replaced him with CFO Jonathan Hugh on an interim basis. The company’s board, which is headed by World Liberty Financial co-founder Zach Witkoff, removed Tassiopoulos
Digital asset infrastructure firm Fireblocks has acquired Dynamic, a developer platform used by companies such as Kraken, Magic Eden and Ondo Finance, to accelerate enterprise adoption of onchain applications. The deal creates what Fireblocks calls the first complete custody-to-consumer stack, combining its security infrastructure with Dynamic’s wallet, authentication, and user onboarding tools, according to an
As token buybacks gain popularity in crypto, Amir Hajian, head of research at market making firm Keyrock, warns in a new report that every dollar spent repurchasing tokens is a dollar diverted from growth and innovation, underscoring the hidden opportunity cost behind the show of confidence. Token buybacks involve blockchain projects repurchasing their own tokens
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3576.17, up 1.3% (+44.29) since 4 p.m. ET on Wednesday. Fifteen of 20 assets are trading higher. Leaders: SOL (+4.5%) and BCH (+2.0%). Laggards: APT (-1.3%) and LTC (-1.1%).
Even as the price of gold retreats from a record high, stabilizing around $4,100 per ounce, tokens whose value is pegged to the metal are gaining popularity in crypto markets. But not everyone is buying the premise. The total market capitalization of gold tokens has risen to $3.86 billion, driven by strong performance from XAUT$4,113.49