Ark Invest offloaded another 335,860 Coinbase shares on Friday ($49.2 million) following the $59 million in COIN it sold earlier last week.
ARK has been consistently selling Coinbase stock in recent weeks. Friday’s is the largest sale since July, when it sold 480,000 shares worth $50.5 million at the time.
The Fed’s benchmark interest-rate range is currently 5.25% to 5.5%.
The crypto market recorded $320 million in long liquidations, contributing to a total of $360 million in liquidations across exchanges.
Conio is also deeply involved in the institutional uptake of digital assets, specifically the Euro Token project overseen by the innovation center of the Bank of Italy.
Crypto venture capital firm C1, which is led by former Coinbase executives, has met with several cryptocurrency groups and Australian venture firms offering to buy private holdings from investors using its $500 million ($AUD 760 million) fund, according to the Australian Financial Review.
Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls.
GFO-X, a crypto derivatives venue regulated in the UK, today announced a $30 million Series B round led by M&G Investments.
Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.
The Fed’s decision around interest rates and the release of November’s inflation data will likely fuel volatility on Wall Street next week.
