Web3 Diaries- Ark Invest Sells Coinbase Shares
Cathie Wood’s investment management firm Ark Invest has sold Coinbase (COIN) shares as the stock price reaches the 52-week high.
Ark Invest offloaded some of its Coinbase holdings for the second time this week after purchasing Coinbase shares worth millions during the bear market. Meanwhile, Cathie Wood continues to buy Meta Platforms (META) and Robinhood Markets (HOOD) shares.
On July 14, Cathie Wood’s Ark Invest funds sold a total of 478,356 Coinbase (COIN) shares worth $53 million as the price hit a yearly high of $114.43.
Cathie Wood’s flagship fund ARK Innovation ETF (ARKK) sold 263,247 COIN shares, ARK Next Generation Internet ETF (ARKW) sold 93,227 COIN shares, and ARK Fintech Innovation ETF (ARKF) offloaded 35,666 COIN shares.
Coinbase To Pause Staking In California, New Jersey, South Carolina And Wisconsin
Following statements from California, New Jersey, South Carolina, and Wisconsin that they would demand adjustments to such services while their legal actions against such staking services progress, Coinbase has suspended its retail staking business in those jurisdictions. Crypto staked prior to the orders’ issuance will not be impacted.
Last month, the SEC sued Coinbase for categorizing its staking service and a number of the coins it offers as securities. Securities regulators in 10 other states began their own legal actions against Coinbase on the same day.
Binance Completes Integration Of Bitcoin Lightning Network
Binance, a cryptocurrency exchange, has finished integrating the Bitcoin Lightning Network for deposits and withdrawals of BTC on its platform.
In a blog post on July 17, Binance announced that customers of the exchange may now utilize the layer-2 scaling solution for BTC withdrawals and deposits.
Users may now pick “LIGHTNING” as an option when they decide to withdraw or deposit Bitcoin. BNB Smart Chain (BEP-20), Bitcoin, BNB Beacon Chain (BEP2), BTC (SegWit), and Ethereum ERC-20 are more alternatives.
You need to login in order to Like
