Cathie Wood's Ark Invest offloads $29 million worth of Block Inc shares in two days
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The ARK Innovation ETF sold 203,659 Block Inc. shares on Tuesday and 323,332 shares of the same company on Monday.Also on Monday, the ARKK fund purchased $9.4 million worth of Coinbase shares.
[7441 Bitcoins Transferred from Coinbase to Unknown Wallet]
Whale Alert monitoring shows that 7,441 Bitcoins (approximately $870 million) were transferred from the Coinbase platform to an unknown wallet address. The specific reason for the transfer is not yet clear.
[IG Group Acquires Majority Stake in Independent Reserve]
On September 19, IG Group announced the acquisition of a 70% stake in Australian crypto trading platform Independent Reserve for AUD 109.6 million, with the option to acquire the remaining 30% based on performance. The transaction is subject to regulatory approval and is expected to be completed in early 2026, with a total value of AUD 178 million.
[Coinbase Reserve Assets Reach $112 Billion, Setting a Four-Year High]
According to CryptoQuant data, Coinbase's reserve asset scale (including Bitcoin, Ethereum, and stablecoins) has reached $112 billion, marking the highest level in four years. Analysts point out that the growth of reserve assets in mainstream exchanges is typically associated with increased market liquidity and bullish price trends.
[BTC Options Skew Indicates Increasing Bearish Sentiment]
Deribit Chief Commercial Officer Luuk Strijers stated that BTC options exhibit bearish skew across all time frames, indicating that traders continue to seek downside protection following the Fed's dovish rate cut.
