Ark Invest, led by Cathie Wood, has made a move to buy 41,032 shares of Coinbase worth $8.7 million, while selling nearly $8.6 million of its own Bitcoin ETF as the cryptocurrency market has seen a sharp decline.
Read MoreCitadel, one of the world's largest financial firms founded by billionaire Ken Griffin, is likely to enter the cryptocurrency space as a market maker on exchanges like Coinbase.
Read MoreThe US Securities and Exchange Commission (SEC) is moving to dismiss a multi-year lawsuit against Coinbase, marking a significant shift in the agency’s approach to the cryptocurrency industry.
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