Ark Invest Sells $12.3M in Coinbase and Robinhood Shares During Crypto Surge

Ark Invest Trims Holdings in Coinbase and Robinhood as Crypto Surges Cathie Wood’s Ark Invest just sold off chunks of its Coinbase and Robinhood stakes—worth about $12.3 million combined—while crypto prices were riding high this week. The moves came as bitcoin smashed records, briefly touching $118,080, and ether jumped over 8% to cross $3,000. The firm’s ARK Innovation ETF (ARKK) …

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Bitcoin Consortium Led by Metaplanet Founders Bids for Thailand’s DV8 Public Company

Bitcoin Heavyweights Team Up for Thai Firm Acquisition A group of big names in the Bitcoin world—many of them behind Japan’s Metaplanet, sometimes called Asia’s answer to MicroStrategy—just made a play for Thailand’s DV8 Public Company Limited. The voluntary tender offer was announced July 3, though nobody’s talking numbers yet. The consortium is a mix of firms and individuals with …

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China Weighs Stablecoin Shift Amid US Crypto Dominance Push

China’s Stablecoin Dilemma Heats Up China’s top economists and policymakers are quietly pushing for a rethink on stablecoins—those digital tokens tied to traditional currencies like the dollar. The pressure comes as the U.S. races ahead with crypto-friendly regulations, aiming to lock in the dollar’s dominance. It’s a tricky spot for Beijing. Cryptocurrencies are still banned outright in China, but lately, …

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South Korea Embraces Crypto as Serious Financial Asset, Reveals 2050 Generation Investment Trends Report

Crypto in South Korea: Not Just Speculation Anymore A new report from Hana Financial Research Institute suggests virtual assets in South Korea are shifting from risky bets to something closer to mainstream finance. The “2050 Generation Virtual Asset Investment Trends Report” paints a picture where crypto isn’t just for quick profits—it’s becoming part of how people plan their futures. About …

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Stablecoins and Tokenization Take Center Stage at Permissionless Event

Stablecoins and Tokenization Take Center Stage at Permissionless The chatter around stablecoins and tokenization was hard to miss at Permissionless this year. It wasn’t just a side conversation—it was one of the main themes, especially during the panel I moderated on reshaping the global financial system. Some panelists even suggested “rebuilding” might’ve been a better word than “rebooting.” But semantics …

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Bakkt Seeks $1 Billion SEC Approval for Bitcoin and Digital Asset Expansion

**Bakkt Wants to Raise $1 Billion for Bitcoin Push—Here’s What We Know** Bakkt, the crypto-focused arm of Intercontinental Exchange, just filed paperwork with the SEC to potentially raise up to $1 billion. The money, if secured, would back its growing focus on Bitcoin and other digital assets. It’s a big move—and one that suggests the company is doubling down on …

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South Korean Banks Unite to Launch Won-Pegged Stablecoin by 2026

South Korea’s Biggest Banks Team Up for a Won-Backed Stablecoin Eight of South Korea’s largest banks—KB Kookmin, Shinhan, Woori, Nonghyup, Industrial Bank of Korea, Suhyup, Citibank Korea, and SC First Bank—are joining forces to create a stablecoin pegged to the Korean won. It’s a first for the country’s financial sector, and honestly, it feels like a long time coming. The …

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