These articles detail several happenings around the cryptocurrency world, with a focus on the investment firm ARK Invest. ARK Invest has continued to maintain its bullish stance on Bitcoin, expecting it to hit sizes of up to $1.5 million by 2030. There's also a projection for Bitcoin to sustain continuous bullish momentum into 2025.
Under the operation of popular investor, Cathie Wood, the investment firm has made several strategic decisions. Notably, it acquired Coinbase shares worth $8.4 million after a market slump, and has continued this trend even after they offloaded Robinhood stock. ARK Labs are working on scaling Bitcoin in a practical manner, potentially learning from innovations like Lightning.
In the midst of a cryptocurrency surge, ARK has made various acquisitions and sales. Among other moves, it sold Palantir shares while buying stock from Nvidia's rival AMD. However, ahead of the exchange's earnings report, they offloaded $14.8 million of Coinbase shares.
While Bitcoin has seen some recovery after ARK made a $100 million sale, the company faltered when the coin fell below $50k, selling off $2.7 million in Coinbase shares. However, it resumed its buying when BTC dropped further below that price.
Tim Draper has led a funding round for Ark Labs, which seeks to make Bitcoin payments more straightforward. Despite digital bank Anchorage Digital and BitGo taking on custody of ARK 21Shares Bitcoin ETF, ARK did drop out of the billion-dollar Ethereum ETF race.
ARK Coin News Analytics from Thu, 28 Dec 2023 08:00:00 GMT to Sun, 17 Nov 2024 23:09:37 GMT - Rating 7 - Innovation 3 - Information 8 - Rumor -2
