🔥 NEW: Ark Invest CEO Cathie Wood says Hyperliquid reminds her of Solana in the earlier days and calls it "the new kid on the block." https://t.co/LAjWS7ONRX ...

Ark Invest CEO Cathie Wood said on The Master Investor podcast that she prefers Bitcoin over Ethereum, arguing Bitcoin will remain the dominant cryptocurrency as a rules-based global monetary system and the only Layer 1 never hacked. She noted Ethereum underpins DeFi but faces growing competition from Layer 2s. Still, Wood added she is warming up to ETH and recently increased her exposure by purchasing BitMine shares.https://t.co/KRiOZwS1Xu ...

Core Insights - SoftBank and Ark Invest are in early discussions to invest in Tether, which is looking to raise up to $20 billion, potentially valuing the company at around $500 billion, making it one of the most valuable private companies globally [1][2] Industry Overview - The stablecoin sector is experiencing rapid growth, with a 40% increase year-to-date, reaching a market value of $287 billion, and projections from Citi suggest it could hit $4 trillion in a bullish scenario [2][6] - Stablecoins, which are cryptocurrencies pegged to fiat currencies like the U.S. dollar, are seen as a cheaper and faster alternative for cross-border transactions [2] Company Performance - Tether's USDT leads the market with a market capitalization of $173 billion, primarily backed by U.S. Treasuries, resulting in $4.9 billion in profits reported in Q2 of this year [3] - Circle, the issuer of the second-largest stablecoin USDC, went public in June, with its stock price soaring from $30 to $300, indicating strong investor interest in the stablecoin market [4] Strategic Developments - Tether plans to enter the U.S. market with a new dollar token, USAT, compliant with the GENIUS Act, the first federal law governing stablecoins, and has appointed Bo Hines to lead its U.S. division [5]

🚨 NEW: SoftBank and Ark Invest are in talks to join Tether’s $15–20B funding round that could value the stablecoin issuer at up to $500B, per Bloomberg. https://t.co/ZYrZK6nZUN ...

Group 1: Bitcoin ETFs Performance - Bitcoin exchange-traded funds (ETFs) experienced $258.4 million in net outflows on September 25, indicating ongoing volatility in institutional flows [1] - The total assets held by Bitcoin spot ETFs have decreased to $144.3 billion, which is 6.64% of Bitcoin's market capitalization [3] - Historical cumulative inflows for Bitcoin ETFs stand at $57.2 billion, with total trading volume on September 25 reaching $5.42 billion [4] Group 2: Major Issuers and Inflows - BlackRock's iShares Bitcoin Trust (IBIT) was the only ETF to attract inflows, gaining $79.7 million, and remains the market leader with $84.35 billion in net assets [2] - Other major issuers faced significant withdrawals, with Fidelity's Wise Origin Bitcoin Fund (FBTC) losing $114.8 million, Grayscale's GBTC losing $42.9 million, and Ark Invest's ARKB shedding $63.05 million [2][3] Group 3: Ethereum ETFs Performance - Ethereum ETFs reported $251.2 million in net outflows on September 25, bringing cumulative inflows to $13.37 billion and total assets under management to $25.6 billion, or 5.46% of ETH's market cap [4] - Fidelity's FETH led the declines in Ethereum products with $158.1 million in outflows, while Grayscale's ETHE lost $30.3 million [5] Group 4: Recent Trends in Outflows - Ethereum products have seen over $500 million in outflows over the last four days, with significant redemptions occurring on September 22 ($76 million) and September 23 ($140.7 million) [5][6] - Bitcoin ETFs also faced sharp swings, losing $363 million on September 22 and $244 million on September 23, before rebounding with $241 million in inflows on September 24 [6]

Core Insights - Tempus AI stock experienced a significant 161% gain since the beginning of the year, but recently faced a decline following a well-known investor's decision to reduce her position in the stock [1][2] - The stock fell 12.4% from the end of last Friday's trading to the close of Thursday's market session [2] - Ark Invest reduced its position in Tempus AI by 62,352 shares, valued at approximately $5.2 million, impacting its weighting in the ARK Innovation ETF [4] Company Developments - Tempus AI received 510(k) clearance from the U.S. FDA for its RNA-based Tempus xR IVD device, aimed at supporting drug development programs [5] - Despite the reduction in the ARK Innovation ETF, Tempus AI remains the largest position in the ARK Genomic Revolution ETF, with a 10.7% weighting [5][6] Investor Sentiment - The reduction by Ark Invest may cause concern among investors, but the stock's significant position in the ARK Genomic Revolution ETF indicates continued support [6] - Ark Invest's trading strategy often involves buying and selling stocks, suggesting potential future purchases of Tempus AI if the stock price declines further [7]

Core Insights - Bitcoin exchange-traded funds (ETFs) experienced a significant rebound on September 24, with net inflows of $241 million following two days of withdrawals totaling $683 million [1][3][4] Group 1: Bitcoin ETF Performance - BlackRock's iShares Bitcoin Trust (IBIT) led the inflows on September 24 with $128.9 million, bringing its cumulative net inflows to $60.78 billion and total net assets to $87.2 billion [2] - Ark Invest and 21Shares' ARKB followed with $37.7 million in net inflows, raising its historical total to $2.18 billion [2] - Cumulative inflows for Bitcoin ETFs reached $57.49 billion, with total assets now at $149.7 billion, representing 6.62% of Bitcoin's total market capitalization [3][6] Group 2: Ethereum ETF Performance - Ethereum ETFs continued to face outflows, recording $79.4 million in net redemptions on September 24, with Fidelity's FETH leading the outflows at $33.2 million [4][5] - Cumulative inflows for Ethereum ETFs stand at $13.6 billion, while total assets are at $27.4 billion, representing 5.45% of Ethereum's total market value [6]

Core Investment Insights - High-profile investors are backing CoreWeave, an AI cloud infrastructure company, indicating strong institutional interest in the stock [2][11] - CoreWeave has seen significant growth since its IPO in March, with a revenue increase of 207% to $1.21 billion in the second quarter [7][10] Investor Profiles - Nvidia holds 24.3 million shares of CoreWeave and has a dual role as both a customer and supplier, reflecting a strategic partnership [3][11] - Cathie Wood's Ark Invest owns 340,000 shares, focusing on disruptive growth stocks, while Citadel Securities holds 156,000 shares along with options, showcasing diverse investment strategies [4][11] Business Model and Market Position - CoreWeave operates data centers filled with Nvidia hardware, renting them to customers, positioning itself as a pure-play AI stock [6][10] - The company faces challenges with $11 billion in debt and over $1 billion in interest expenses, leading to deep unprofitability despite strong demand growth [7][8] Competitive Landscape - CoreWeave's neocloud model is seen as disruptive, with only one significant competitor, Nebius, which is much smaller [10] - The partnership with Nvidia, including a $6.3 billion deal, provides reassurance about CoreWeave's market position and reduces perceived risks [11][12] Stock Performance and Outlook - CoreWeave's stock has experienced volatility, peaking at $187 in June after an undersubscribed IPO, indicating a dynamic market response [9][10] - The ongoing AI boom could favor CoreWeave, making it an attractive option for growth investors despite inherent risks [12]

Group 1 - Ark Invest sold 62,352 shares of Tempus AI at a closing price of $84.13, totaling approximately $5.2 million [2] - The sale follows Tempus AI's recent FDA 510(k) clearance for its RNA-based Tempus xR IVD device, which had previously boosted the stock price [3] - Ark Invest has been reducing its position in Tempus AI, having sold 43,157 shares worth $3.76 million on September 18 and $2.1 million worth of stock on September 9 [4] Group 2 - Other notable trades by Ark Invest include purchasing 28,272 shares of Arcturus Therapeutics Holdings Inc. and selling 46,876 shares of Roku Inc. [7]

Alibaba (BABA) stock soared to its highest level in almost four years after the e-commerce and cloud giant said it will boost AI spending beyond its original commitment of more than $50 billion, joining the ranks of US Big Tech players' escalating bets on artificial intelligence. US-listed American Depository Shares (ADRs) jumped 8% after CEO Eddie Wu said during a conference in China that a worldwide investment in artificial intelligence is estimated to reach $4 trillion over the next five years, and Ali ...