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ARK Invest, led by Cathie Wood, sold 166,183 shares of Coinbase Global Inc., valued at around $25.3 million, continuing its trend of offloading shares of the cryptocurrency exchange. The firm’s latest filings reveal that the ARK Innovation ETF (ARKK) offloaded 145,048 Coinbase shares , while the ARK Next Generation Internet ETF (ARKW) sold 21,135 shares of the crypto exchange on Jan. 3 Cathie Wood bought some more Tesla $TSLA today Ark Invest's trade activity from today 1/3 pic.twitter.com/1jxEIgyBtR — Ark Invest Daily (@ArkkDaily) January 4, 2024 The sales come on the heels of ARK Invest divesting over $200 million worth of Coinbase shares in recent weeks, underscoring a significant shift in the firm’s investment strategy regarding the crypto exchange. Despite this sell-off, Coinbase’s stock performance has been notable, with a more than 300% increase over the past year. However, the stock did close down 2.96% at $152.24 on Wednesday. Source: ...

Bitcoin (BTC) has been on a rally since the beginning of 2023. After a tough year in 2022, the leading cryptocurrency has partially recovered its losses while rewarding this year’s investors. Notably, Bitcoin is up 134.32% in the last 329 days since the first week of the year. This means that a $1,000 BTC investment would be worth $2,343.2 at the time of publication. Logically, a $1 million initial investment in Bitcoin in January is now worth $2.43 million for millionaire gains. Bitcoin opened the weekly first candle of 2023 at $16,552 and is trading at $38,792 by press time, according to TradingView . BTC/USD weekly chart on BITSTAMP. Source: TradingView 2021 Bitcoin investments are still at a loss However, it is important to understand that this yearly rally would still need another 77% increase to regain 2021’s levels. Cryptocurrency 3 cryptocurrencies under $0.10 to buy next week Cryptocurrency Here's why Solana is stronger than eve...

During the pre-mine period, 61,216 Ether was worth roughly $20 million at the time. However, eight years later, the tokens are worth more than $116 million. A wallet address containing pre-mined Ethereum worth $116 million moved its entire stash of 61,216 Ether (ETH) to an address in the Kraken crypto exchange after lying dormant for eight years. In June 2014, the Ethereum ecosystem conducted a sale event, allowing early team members and co-founders to participate and accumulate pre-mined Ether, at a time when the network was unable to generate tokens on its own. During the pre-mine period, Ether traded at a price range of $300-$400, which would place the wallet’s worth at roughly $20 million at the time. However, eight years later, the tokens in question are worth more than $116 million at the time of writing. A dormant pre-mine address containing 61,216 #ETH (116,396,127 USD) has just been activated after 8.0 years !https://t.co/f79T0fYa7b — Whale Alert (@whale...