Crypto Evening Briefing: FTX To Claw Back $460 Million From SBF-Backed Hedge Fund
Coinbase CEO Brian Armstrong sold Coinbase shares prior to receiving a warning from the Securities and Exchange Commission (SEC)
Elon Musk, Bill Ackman, Balaji, Cathie Wood Outrage Over US Fed Decision
The U.S. Federal Reserve sticks to its goal of reducing inflation to 2% and raises interest rates by another 25 bps to 4.75%-5%. Fed Chair Jerome Powell said officials don’t see rate cuts this year and could raise rates higher than expected if needed. He also added that US banks are “sound”. Meanwhile, Treasury Secretary Janet Yellen disclosed that the FDIC will not offer “blanket insurance” for all bank deposits.
Cathie Wood Questioned US Government's Handling of Recent Banking Crisis
Cathie Wood questioned the US government's handling of the recent banking crisis. She highlighted the irony that as crypto assets soared during the Silicon Valley Bank meltdown, the government suggested that investors in regional banks - equity and bond holders - should prepare to be "wiped out" in the aftermath of an unprecedented 20-fold increase in the Fed funds rate.
Cathie Wood Questions US Government's Handling of Banking Crisis Amid Soaring Crypto Assets
Wood suggests that businesses and individuals are now hedging their fiat assets with some crypto assets.
Crypto Evening Briefing: Even As Funding Dips, Top Web3 Investors Remain Active
While overall funding in Web3 was down last year from 2021, several top investors in the space such as Shima Capital, Animoca Brands and Y Combinator saw their numbers tick up in 2022, according to Crunchbase data.
Coinbase Stock Jumped 60% in Two Weeks, ARK Invest Breaks Buying Streak
Riding on the wave of a broader market rally, Coinbase stock (COIN) notched a rally of nearly 60% over the past two weeks exceeding more than $84 per share.
Cathie Wood of Ark Invest Sees More Institutional Investors Entering Bitcoin Market Amid Bank Crisis
Ark Invest CEO Cathie Wood believes Bitcoin's rally amid the recent banking crisis will only “attract more institutions.”
Bitcoin’s Banking Crisis Surge Will ‘Attract More Institutions’: ARK’s Cathie Wood
The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes.
Cathie Wood’s Ark ETF Sells $13M in Coinbase for the First Time Since July
Cathie Wood's ARK Fintech Innovation ETF sold $13.5 million worth of Coinbase, the first time it has sold off a large chunk of the company's stock since July.
SVB Financial Group Files for Chapter 11 Bankruptcy; Circle's $3.3B USDC Reserve Risk Removed | Cointime Weekly Mar.12 – Mar.18
Stripe secures $6.5 billion in Series I at a $50B valuation; Coinbase likely to launch global crypto trading platform; Euler Finance hacked for over $195M in a flash loan attack; crypto assets to become a separate category in the UK tax forms.
