Wall Street Memes, a retail investing community that emerged in 2021, has achieved a significant milestone with its presale of the $WSM token reaching $15 million. The movement gained traction as small investors united against Wall Street, becoming a powerful force in the world of retail investing. With a massive following of 1 million across
Cathie Wood’s Ark Invest, an investment management firm, sold 478,356 shares of Coinbase, the popular crypto exchange, on Friday. This move comes as the stock prices of Coinbase reached a 52-week high. Interestingly, this is the second time within a week that Ark Invest has sold off Coinbase shares. Just a few days earlier, on
New data from crypto analytics firm Glassnode reveals that Bitcoin (BTC) at $30,000 has become the most popular “buy” level to date. Despite the price action of BTC stalling near this mark, buyer behavior indicates a significant demand for the largest cryptocurrency in the market. Glassnode’s Entity-Adjusted URPD (UTXO Realized Price Distribution) metric, which monitors
XRP (XRP) price experienced a significant increase today following the news that Federal District Judge Analisa Torres of the Southern District of New York rejected the United States Securities and Exchange Commission’s (SEC) claim that XRP is a security. The market responded positively to the ruling, causing the price of XRP to rise by over
Republican Presidential candidate Ron DeSantis has pledged to immediately put a stop to the implementation of a central bank digital currency (CBDC) if he is elected president. In an interview with Blaze Media, DeSantis stated that on his first day in office, he would ensure that the CBDC initiative is terminated. He expressed his belief
The price of Bitcoin has been trading within a narrow range of $29,900 to $31,160 for the past 18 days, leaving investors perplexed and searching for explanations. Despite a significant rally in mid-June that pushed Bitcoin to its highest price in over a year, the cryptocurrency has struggled to maintain prices above $31,000. This, coupled
South Korean companies that hold or issue cryptocurrencies will need to provide comprehensive information about their transactions to the financial regulator starting from January 2024. The Financial Services Commission (FSC) of South Korea announced this requirement on Tuesday, stating that domestic firms involved in crypto activities must ensure complete disclosure under the new accounting rules.
Ark Invest Management recently sold 135,152 shares of Coinbase, amounting to $12 million, according to data from Cathiesark. This move comes as Coinbase continues its mostly positive price performance, reaching a one-year high of $90 on July 11. Notably, Coinbase stock has outperformed Bitcoin’s price in the last 30 days, with a growth rate of
Cardano’s native token ADA experienced a significant setback in June when the United States Securities and Exchange Commission (SEC) categorized it as a security in its legal actions against Binance and Coinbase. This classification resulted in a 42.5% drop in ADA’s price, plunging it to a two-year low of $0.21 within a few days. Furthermore,
Bitcoin’s energy efficiency has long been a concern as mining activities consume significant amounts of electricity. However, a recent report by Coinmetrics reveals that the energy efficiency of Bitcoin has improved significantly over the past five years. The report also highlights that three mining rig models dominate the Bitcoin network’s computing power, reinforcing the need