Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February
Ark Invest has spent nearly $30 million on the Coinbase stock so far in 2023 while dumping Grayscale Bitcoin Trust shares.
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Ark Invest has spent nearly $30 million on the Coinbase stock so far in 2023 while dumping Grayscale Bitcoin Trust shares.
<p>The average weekly inflows into digital asset-based investment products reached $36.8 million in January, which is the highest since the collapse of the once-leading crypto exchange, FTX, in November last year. The new height comes months after <a href="https://www.financemagnates.com/cryptocurrency/troubled-ftx-files-for-bankruptcy-as-ceo-bankman-fried-resigns/" target="_blank" rel="follow">FTX’s bankruptcy</a> led to a crypto withdrawal frenzy.</p><p>CryptoCompare, a UK-based crypto market data provider, disclosed these numbers on Wednesday in its Digital Asset Management Review for January 2023. According to the data provider, the total assets under management (AUM) of digital asset investment products also improved by 36.8% month-over-month in January, reaching $19.7 billion. The firm noted the figure is the highest AUM on record since May 2022.</p><p>“The bullish sentiment was driven by liquidated short positions and a favorable macro environment, reflected in the most recent CPI announcement, which saw Bitcoin's price reach $23,000; its highest level since August 2022,” CryptoCompare explained.</p><p>However, despite the improvement, the AUM still falls “considerably” short of total assets under management posted in January last year. This comes as a result of the downtrend experienced in the crypto and traditional asset markets in 2022.</p><p>“In January 2023, average daily aggregate product volumes across all digital asset investment products saw a decent recovery, rising 30.0% to $72.5mn. Despite this, volumes are still 84.4% lower compared to January 2022 and 95.2% lower than the all-time high recorded in January 2021,” CryptoCompare explained.</p><p>Watch the recent FMLS22 session on the crypto market structure.</p><p>Grayscale Okay Despite Troubles at Genesis</p><p>According to data shared by CryptoCompare, Grayscale’s Bitcoin Trust (GBTC) continued to top the Bitcoin trust market in January as its assets under management increased by 38.4% to $14.5 billion month-over-month. GBTC is managed by Grayscale Investment, a digital asset manager and a subsidiary company of the Digital Currency Group (DCG).</p><p>Grayscale Investments’ bitcoin trust remains strong “despite the uncertainty surrounding Genesis Trading," CryptoCompare said. In mid-November, the crypto lender Genesis Global Capital, which is owned by DCG, faced a 'liquidity crunch' and <a href="https://www.financemagnates.com/cryptocurrency/crypto-lender-genesis-files-for-bankruptcy-in-new-york/" target="_blank" rel="follow">sought a $1 billion emergency loan</a>. However, over two weeks ago two lending subsidiaries of the firm <a href="https://www.financemagnates.com/cryptocurrency/crypto-lender-genesis-files-for-bankruptcy-in-new-york/" rel="follow" target="_blank">filed for bankruptcy protection </a>before a Manhattan court.</p><p>In addition, the crypto exchange Gemini is <a href="https://www.financemagnates.com/cryptocurrency/winklevoss-feud-with-genesis-leads-to-earn-users-class-action-request/" target="_blank" rel="follow">battling with Genesis</a> over the payment of a $900 million debt under the Gemini Earn programme. Moreover, three Gemini Earn customers recently <a href="https://www.financemagnates.com/cryptocurrency/winklevoss-feud-with-genesis-leads-to-earn-users-class-action-request/" target="_blank" rel="follow">filed a class action arbitration request</a> against Genesis for allegedly failing to return Gemini Earn users’ assets. Compounding the situation, the US Securities and Exchange Commission recently <a href="https://www.financemagnates.com/cryptocurrency/sec-takes-gemini-genesis-to-court-for-selling-unregistered-securities/" target="_blank" rel="follow">charged both Gemini and Genesis</a> for allegedly selling unregistered securities.</p><p>“Despite the growth in assets under management and trading volume, the discount associated with Grayscale’s GBTC Trust has only slightly narrowed. The situation remains delicate, as Grayscale faced challenges with the bankruptcy announcement of its sister company Genesis due to exposure to FTX in January, and the ongoing lawsuit against the SEC to convert its Bitcoin Trust into an ETF,” CryptoCompare explained.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
The crypto market recovery started in early January with improvements in the macro environment such as reducing inflation rates, which provided the required tailwinds for [...]
One month in, and 2022 has been pretty action-packed already. So let’s give you a quick update on everything we have done this month. During the fourth quarter of 2021 (October, November, and December) the Qtum Chain Foundation spent 22.5 bitcoin, an average of 7.5 BTC per month. For the 4th quarter, these category percentages […]
The Ontology 2022 Roadmap has been officially released. Our goal for 2022 is to make the Ontology high-speed, low-cost, public blockchain, the blockchain of choice for Web3 applications. We are working hard to develop more high-quality Web3 applications by launching the EVM, optimizing ONT ID and other related products, and achieving more global collaborations. In […]
Like every month, crypto enthusiasts wait for crypto airdrops of different crypto projects. Airdrops are distributions of cryptocurrency tokens or coins for free, to numerous wallet addresses. They are basically a way of garnering mass attention and gaining new followers, thus resulting in a larger user base. What might the requirements be you might be asking? Well, users are often required to follow very easy and simple steps in order to enter a draw. If chosen, users will receive free coins which they can either hold or sell for a profit. In this month of January 2022, there are THREE ongoing airdrops that are about to end and that relate to P2E gaming. Here are the Top 3 Crypto Airdrops January 2022.
#3 ASPO World (ASPO) About the ProjectASPO World is a play2earn crypto game where players can battle each other in a unique virtual world. Players can choose between three classes (Fighter, Hunter, and Witch) and pick a mini-companion to compete in arenas. Players can earn money by competing in PVP battles, collecting good quality characters, equipment, and materials to exchange for ASO. They can also sell those goods on exchanges. The game can be both downloaded on GooglePlay and AppStore. On the other hand, the game is coming soon, so we remain on the lookout for what happens in the development of this game.
Airdrop DetailsAncient Kingdoms is another play2earn crypto game, adding the metaverse element into play. Players are to embark on different journeys in the metaverse and can find many mystical items and rich cases. If found, players can then mine, refine and then sell them back to a universal marketplace. The creators also plan to integrate NFTs on the platform, to enable users to generate a higher income through investing in those NFT products.
DOM is the governance token on the platform, allowing its holders to influence what decisions are taken into account when it comes to the future of the game. DOM holders can also stake DOM/GOLD, stake for NFTs, and make payments on the marketplace.
Airdrop DetailsCryptoShips is an NFT based game that allows players to earn money as they play online. The game revolves around racing and trading against other players. Once a side is chosen (Spartan or Viking), players will then face each other on a daily basis. CSHIP token is given/spent based on the battle status. If your army wins, you'll receive 195% of the total power of all ships you used during the battle. On the other hand, if you lose, you'll have broken ships, and you'll need CSHIP tokens to repair the damages.
Airdrop DetailsThe above-mentioned airdrops relate to crypto games and play2earn blockchain types of gaming. Not all crypto projects manage to strive. Some get many delays in their timeline, while others don't even reach that stage of being live. Airdrops are only a way to market for the project, and to garner more media attention in the crypto world. While participating in such events is free, do your own research to know whether this project will grow further, or will fail soon.
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The post Top 3 Crypto Airdrops – January 2022 appeared first on CryptoTicker.
The issuance of crypto tokens is increasing, with over 600,000 tokens produced so far. However, along with this growth comes potential liquidity risks for investors and token holders. The rise in token issuance reflects the growing interest in the crypto market and decentralized finance (DeFi) projects. These tokens are being created for various purposes such [...]
The post January Sparks Liquidity Concerns with Over 600,000 New Tokens Launched appeared first on Crypto Breaking News.
The XRP market has been experiencing some interesting developments lately. One analyst predicts a potential price surge for XRP amid current market conditions. Meanwhile, SBF, the parent company of popular exchange FTX, has been in the spotlight following rumors of a possible connection to a high-profile political pardon by former President Trump. In other news, [...]
The post Is XRP Set to Hit $4 Soon? SBFs Parents Request Trump Pardon, and More: Hodlers Weekly Roundup, January 26th February 1st appeared first on Crypto Breaking News.
ApeCoin (APE) recently faced significant turbulence, experiencing a sharp decline amidst a broader market downturn. Over the past week, APE plummeted by 26%, driven by Bitcoin’s sharp fall, which triggered widespread fear and uncertainty across the cryptocurrency market. The negative sentiment caused a cascading effect, pulling down altcoins, including APE. However, the market is now […]
Bitcoins daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
Cryptocurrencies are firing on all cylinders in 2025, and January 21 is no exception. From innovative projects to the steady performance of industry veterans, the crypto market is offering opportunities left and right. While Bitcoin and Ethereum continue to steal the limelight, its the mid-cap and emerging cryptocurrencies that are turning heads. Savvy investors know […]
Bitcoin has fallen 10% so far this month, but analysts say it has dropped between 25% and 30% in January in past post-halving markets.
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