Cathie Wood's Ark Invest stocks up on Coinbase, Circle and Bullish shares
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Ark Invest purchased $3 million worth of Coinbase shares and $3.1 million worth of Circle across two of its ETFs on Tuesday.The ARK Fintech innovation ETF also loaded up on $1.1 million worth of Bullish.
[Bloomberg Analyst: Bitcoin Fails to Become a Leading Indicator for the Stock Market]
Bloomberg Senior ETF Analyst Eric Balchunas' research shows that Bitcoin is not a leading indicator for the stock market. Data indicates that after months of Bitcoin declines, the stock market still performs positively 62% of the time. Balchunas also pointed out that the S&P 500 Index (SPY) has shown strong performance, remaining stable even during months when both Bitcoin and stocks decline.
[9,293,600 ENA transferred from Wintermute to an anonymous address]
At 11:24, 9,293,600 ENA (valued at approximately $2,595,700) were transferred from Wintermute to an anonymous address (starting with 0x7BE1...), according to Arkham data.
[International Spot Gold Experienced Intense Turnover Above 4000 in the Past 24 Hours]
In the past 24 hours, the price of international spot gold experienced intense turnover above 4000, with some market participants choosing to buy the dip, while others opted to retreat.
[The U.S. May Launch Bitcoin Strategic Reserve After Actions by Other Countries]
Cryptocurrency entrepreneur Mike Alfred stated that the U.S. government might only include Bitcoin in the strategic reserve established earlier this year after other countries take the lead. President Trump signed an executive order in March to create a 'Strategic Bitcoin Reserve,' but the plan has yet to be officially implemented. Alfred predicts that Bitcoin's price will reach $1 million by 2033, at which point almost every government will directly or indirectly hold this asset and regard it as a type of strategic reserve asset.
PEPE Whale "ThisWillMakeYouLoveAgain" bought 8.93 million ASTERs at an average price of $0.98, with a total value of $12.42 million, and currently has a floating profit of over $3.67 million. （Lookonchain）