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Ark Invest, the investment management firm led by Cathie Wood, has sold off over $50 million of its holdings in Circle Internet Group (CRCL), the issuer of the USDC stablecoin.
On June 16, Ark dumped 342,658 CRCL shares valued at approximately $51.7 million, based on the day’s closing price of $151.06, according to Yahoo Finance data.
The divestment affected three of Ark’s exchange-traded funds (...
The post Lawmakers think stablecoins are GENIUS: Inside the new US stablecoin bill appeared first on CryptoSlate.
Coinbase CEO Brian Armstrong recently met with senior policymakers in the United Kingdom to support the country’s ongoing efforts to shape clear crypto regulations.
In a June 16 post on X, Armstrong revealed he had been in London, pictured outside Downing Street, for discussions focused on positioning the UK as a leading crypto hub.
While he didn’t share specific details of who he met or the...
Senator Elizabeth Warren has voiced fresh concerns about the GENIUS Act, a bill designed to regulate stablecoins in the US financial system, ahead of its final vote scheduled for later today.
In a June 16 statement on X, Warren claimed the bill could allow billionaires to launch stablecoins that monitor user activity and gain an unfair edge in the market. She also cautioned that any fallout from...
Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly asked the Second Circuit Court to extend the suspension of the agency’s appeal.
According to a June 16 court filing, both parties are pushing to delay the appeal to avoid further litigation following their previous settlement.
This request follows an earlier effort to amend the final judgment in the case, which Judge...
Bitcoin tumbled back to $106,000 in early Tuesday trading after U.S. President Donald Trump denied claims he was involved in brokering a ceasefire between Iran and Israel, shaking markets that had priced in potential de-escalation.
The late-night Truth Social post from Trump, published just before midnight Eastern time, blasted French President Emmanuel Macron and dismissed any truce negotiations...
Investors who added 10% in Bitcoin (BTC) to their “60/40 portfolio” strategies got a 90% risk-adjusted return in the past 12 months, outperforming gold’s 51% return in the same period.
On a June 16 post via X, the profile Ecoinometrics highlighted BTC’s performance through June 13 and charted the result against total return. A 60/40 portfolio is a strategy in which investors allocate 60% of the...
The official Pump.fun account and the personal handle of its founder Alon Cohen were seemingly suspended by X on June 16, along with a cohort of other accounts tied to the memecoin sector.
As of press time, neither X nor the people behind the suspended accounts explained the reason for the suspensions.
Users noticed that the accounts were returning “user not found” errors at approximately 7:30 p....
Bybit launched a new platform on June 16 that allows users to trade gold, forex, stock CFDs, global indices, and commodities directly within its app, a first for any major crypto exchange.
The launch of Bybit TradFi expands the company’s offerings beyond digital assets, positioning it as a full-service financial hub aimed at bridging the gap between traditional and emerging markets.
According to...
Bitcoin (BTC) reclaimed the $108,000 threshold on June 16 as tensions of war escalating in the Middle East fell after reports surfaced that Iran was open to negotiations with the US and Israel.
Bitcoin’s move up regained the price level surrendered on June 12 while markets processed the initial flare-up in Israeli-Iranian hostilities.
The “Bitfinex Alpha” report published on June 16 described...