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ARK Invest Goes On $19M Buying Frenzy As Crypto Stocks Heal Losses

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Ark Invest hunted for bargains for a second straight day on Tuesday, acquiring shares of cryptocurrency companies worth $19 million. The St. Petersburg, Fla.-based investment manager purchased $2.41 million worth of Circle (CRCL) shares and added $3.46 million and $631,000 worth of Bullish (BLSH) and Coinbase (COIN) shares, respectively, according to an emailed disclosure. Bullish […]

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Crypto Stabilizes After Bitcoin Selloff and Ether Rebounds From Multi-Year Lows: Crypto Markets Today

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The crypto market is experiencing a rare period of calm following Tuesday’s massive sell-off that swept away bitcoin. BTC$76,015.23 and ether ETH$2,253.90 to new multi-year lows. BTC was recently trading at $76,100 after rebounding from $72,870, the lowest since November 2024, while ETH is at $2,255 after falling to a level not seen since May

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Wealthy Investors and Crypto Industry Leaders See IPO Hype Diminish in 2026

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The hype around cryptocurrency companies going public is fading as the markets are still considered insufficiently large for traditional financial companies (TradFi) which are increasingly interested in the sector. Fewer investors are feeling as confident as last year, according to a report from the influential CfC St. Moritz crypto conference in Switzerland, which recorded the

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More than 60% of crypto press releases are about high-risk or fraudulent projects, study finds

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Crypto press release distribution services have become a tool for questionable projects to avoid third-party scrutiny and create an illusion of legitimacy, a new report from Chainstory shows. Researchers looked at 2,893 news releases sent between June and November last year. They found that more than 60% came from projects with “classic red flags,” such

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Tether cuts funding ambitions by $20 billion after investor resistance: FT

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Tether has quietly pulled out of plans to raise up to $20 billion in new capital after facing investor resistance to a valuation proposal that would rank the stablecoin issuer among the world’s most valuable private companies, according to an FT report published on Wednesday. The company, which issues the USDT stablecoin with more than

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Incognito Market founder Rui-Siang Lin sentenced to 30 years in prison in darknet crypto drug market case

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Rui-Siang Lin, the alleged operator of the dark web drug marketplace “Incognito Market,” was sentenced Tuesday to 30 years in U.S. federal prison, according to a statement from the U.S. Attorney’s Office for the Southern District of New York, ending one of the largest online drug market prosecutions since Silk Road. Lin, a 24-year-old Taiwanese

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Bitcoin ETF outflows deepen as Ether and XRP funds quietly attract inflows

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Bitcoin exchange-traded funds saw further outflows on Tuesday even as ether and U.S.-listed spot Bitcoin ETFs saw net outflows of about $272 million on Feb. 3, according to data compiled by SoSoValue, continuing a distribution pattern that emerged during recent Bitcoin price swings. (SoSovalue) The withdrawals came as bitcoin fell sharply, sliding toward $73,000 before

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