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Ark Invest Rotates $43.5M Into Coinbase and Circle as Bullish and Bitmine Exit
99bitcoins3d agoneutral
Ark Invest Rotates $43.5M Into Coinbase and Circle as Bullish and Bitmine Exit

Ark Invest trimmed positions in Bitmine Immersion Technologies, Bullish, and Block while simultaneously deploying roughly $43.5M into Coinbase and Circle shares, a rotation that looks far more like portfolio rebalancing than a retreat from crypto equities, according to the firm’s daily trade disclosures. The Cathie Wood-led investment firm has over $16Bn ...

Coinbase (COIN) Stock May Be Overvalued Following Everything Exchange Expansion Plans
Simply Wall St.4d agoneutral
Coinbase (COIN) Stock May Be Overvalued Following Everything Exchange Expansion Plans

Coinbase Global stock now trades around US$146 after a 67.5% gain over the past three years, yet its valuation checks lean expensive rather than cheap given the recent share price slide and weak shorter term returns. The 67.5% return over three years highlights that longer term holders are still in the green, even though the stock is down sharply over the past year. Expansion plans to build an "everything exchange" that includes tokenized stocks can support higher growth expectations. At the...

Trillion Dollar Tokenization Opportunity: Equiniti CEO Dan Kramer, Live at Nasdaq
Exec Edge5d agoneutral
Trillion Dollar Tokenization Opportunity: Equiniti CEO Dan Kramer, Live at Nasdaq

Tech Edge hosted a fireside chat on July 27 at Nasdaq MarketSite with Dan Kramer, Chief Executive Officer of Equiniti. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed what has to be true for a share to be tokenized and still count as a real share since not all tokens work […] The post Trillion Dollar Tokenization Opportunity: Equiniti CEO Dan Kramer, Live at Nasdaq appeared first on ExecEdge.

Coinbase shares take hit on quarterly loss, analysts back diversification strategy
Reuters5d agoneutral
Coinbase shares take hit on quarterly loss, analysts back diversification strategy

Shares of Coinbase Global slipped 5.6% in premarket trading on Friday after a third straight quarterly loss, though analysts ‌expect strong fundamentals and business diversity to cushion it from a crypto ‌cycle downturn. The cryptocurrency market lost significant value in recent sessions, with bitcoin falling, as expectations that the ​U.S. Federal Reserve will cut interest rates faded and investors pulled money from spot exchange-traded funds. Shares of Coinbase, often tied to the crypto cycle, have matched that ‌with a nearly 28% decline.

Intercontinental Exchange Q2 Earnings Call Highlights
MarketBeat5d agoneutral
Intercontinental Exchange Q2 Earnings Call Highlights

Intercontinental Exchange (NYSE:ICE) reported record second-quarter results and announced an agreement to acquire electronic bond-trading platform MarketAxess for $167 per share, a transaction valued at $5.7 billion in enterprise value. Chair and CEO Jeff Sprecher said the proposed acquisition woul