The firm offloaded a total of 82,255 shares worth about $11.5 million at Tuesday’s closing price from the ARK Innovation (ARKK), ARK Next Generation Internet (ARKW) and ARK Fintech Innovation (ARKF) exchange-traded funds (ETF). It has reduced its stake in the crypto exchange on all but two trading days this month. Source
Coinbase-backed Project Diamond will leverage the Base L2 network and the Coinbase technology stack to enable institutional investors to tokenize and trade real-world assets. Leading United States cryptocurrency exchange by registered users and average daily traded volume Coinbase Global Inc (NASDAQ: COIN), has continued to widen its global market reach with Binance Holdings Ltd under regulatory siege. Backed by notable institutional investors with deep pockets like BlackRock Inc (NYSE: BLK) and Circle Internet Financial, Coinbase has managed to grow throughout the crypto bear market to a stable crypto institution with…
Coinbase, the biggest crypto exchange in the US, is listing a new altcoin project built on its proprietary Ethereum (ETH) layer-2. In a new announcement made through the Coinbase Assets account on the social media platform X, Coinbase announces they are listing Seamless (SEAM). According to the Seamless website, the crypto project is the first “native, decentralized, non-custodial lending and borrowing protocol” built on the Coinbase-backed layer-2 scaling solution Base. Project incubator Coinbase says Base is designed to offer a safe, low-cost, developer-friendly way to build on-chain. The layer-2 network is…
“Tokenization is an important first step, but the natural conclusion is a transition to digitally native assets,” Shaun Martinak, head of infrastructure development, Coinbase Asset Management, said in an email. “Instead of tokenizing off-chain assets, this digitally-native debt instrument was created and matured fully on-chain, with an automated lifecycle that takes full advantage of next-generation infrastructure.” Source
While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta. Cathie Wood’s Ark Invest has been doing massive capital rotation by offloading its crypto investments and eyeing a push into AI. Ark Invest executed its most substantial sale in over a year by divesting approximately $12.85 million in Grayscale Bitcoin Trust (GBTC) shares from its Next Generation Internet (ARKW) exchange-traded fund (ETF) on Monday, December 11. This move resulted…
Seamless Protocol, a prominent project within Coinbase’s Base ecosystem, has launched its governance tokens for trading on the crypto exchange under the ticker SEAM starting at 18:00 UTC on Monday, December 11. As a leading lending and borrowing protocol on the layer-2 blockchain, Seamless boasts a substantial total value locked (TVL) exceeding $10 million. SEAM, the inaugural Base token, will debut on Coinbase. The distribution of SEAM occurred through an airdrop, rewarding users based on their engagement with the Seamless platform, including activities like providing funds to pools and participating…
Seamless previously operated the “OG Points” program, allowing thousands of users to earn points in their on-chain wallets. Source
The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims to make a variety of digital assets more easily accessible to banks and other financial institutions across Italy. Conio will make use of Coinbase Prime to provide institutional-grade liquidity support for crypto-friendly banks looking to…
At the time of writing, Coinbase stock is trading at $141.98 whoch indicates a drop of over 3%. Coinbase stock is in the red zone during the pre-market session today while Bitcoin price has decreased from $44,000 to around $41,600. At the time of writing, BTC is trading at nearly $42,000. It is reported that Cathie Wood’s ARK Invest has been gradually selling Coinbase Global Inc (NASDAQ: COIN) stock in recent weeks. On Friday, the company got rid of COIN shares worth $49.2 million. The sale that took place on…
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. Source