Cathie Wood’s Ark Invest offloaded another 25,662 Coinbase shares on Thursday — worth $6.4 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest sales come as investment bank and financial services firm Oppenheimer raised its price target for COIN to $276 while reiterating its buy rating.

South Korean authorities will release guidelines that set stricter rules for listings on centralized exchangesThe crypto listing guidelines are expected as early as later this month.

Spot bitcoin ETFs have seen persistent outflows ($3.55 billion in November), and stablecoin supply has declined, indicating capital is leaving the market, NYDIG Said.

[Crypto Lawyer Khurram Dara Claims New York State's BitLicense is an Illegal Regulation] Crypto lawyer Khurram Dara stated in his first interview after announcing his candidacy for New York State Attorney General that New York State's Bitcoin license (BitLicense) is an illegal regulation that infringes on the economic rights of cryptocurrency companies intending to operate in the state.

[Coinbase Policy Head Says Full Reserve Mechanism Enhances Stablecoin Security] Coinbase Policy Head Faryar Shirzad stated that the full reserve collateral mechanism makes stablecoins safer than the banking industry and believes that the widespread adoption of stablecoins would actually enhance stability. He explained that banks issue long-term high-risk loans, facing both credit and liquidity risks, whereas stablecoin issuers typically hold short-term government bonds, which are nearly risk-free and highly liquid.