Cathie Wood’s innovation-focused ARK Invest has sold off a large number of shares in several companies to load up on one Big Tech stock. Data from Cathiesark.com, which tracks the investment firm’s equity holdings and trades, shows that ARK Invest sold $6.3 million worth of top US crypto exchange Coinbase (COIN) on July 10th. The
Ripple and Circle are now applying for national trust bank charters, a sign that the crypto industry is moving closer to the heart of traditional finance. This move also comes at a time when regulatory pressure on crypto has started to ease under President Donald Trump’s administration. In March, just when Donald Trump’s presidency was
Not even a “MechaHitler” meltdown was enough to scare off the Pentagon, apparently. Just days after xAI’s Grok chatbot generated a stream of antisemitic and homophobic responses, Elon Musk’s company announced that it secured a $200 million defense contract to develop and supply AI tools to federal workers. The Department of Defense’s Chief Digital and
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Are we back? BTC is at a new all-time high of $121k, ETH is back above $3k, and Aave just crossed $50 billion in TVL. But probably most significant of all is the return of initial coin offerings (ICO). This past Saturday
Ripple could benefit immensely as the Federal Reserve officially adopts ISO 20022 for FedWire, having already positioned itself with early compliance. Notably, the U.S. Federal Reserve today officially made the switch to ISO 20022 for its FedWire Funds Service. This represented an important step toward modernizing the country’s payment infrastructure. FedWire Switches to ISO 20022
Funds offering exposure to Ethereum have been growing at a faster rate than Bitcoin counterparts, underscoring newfound demand for the asset, according to CoinShares Head of Research James Butterfill. Over the past 12 weeks, Ethereum-linked funds’ assets under management have grown 19.5% to $19.6 billion, he wrote in a report on Monday. The AUM of
Crypto detective ZachXBT is calling out Circle again, this time amid the company’s insane Wall Street debut. On X, Zach said: “Circle leadership does not actually care about the industry.” Circle’s IPO launched with below $40 price per share and exploded past $300 in just over a month. At its peak, the company was valued
Donald Trump has used harsh language towards Russia in his statements. He announced that if an agreement cannot be reached with the Moscow administration, 100% “secondary tariffs” will be imposed on Russia within 50 days. Trump stated that these tariffs could be implemented without requiring Congressional approval, saying, “Secondary tariffs are very powerful. We can
Shanghai’s state asset regulator held a closed-door meeting last week to study stablecoins and blockchain infrastructure, signaling potential pilots in city-run enterprises despite China’s nationwide crypto ban. Chaired by He Qing, Director of the Shanghai State-owned Assets Supervision and Administration Commission (SASAC), the meeting discussed how state-owned firms can use blockchain-based tech for cross-border trade, supply