Ark Invest bargain hunted for a second straight day Tuesday, snapping up shares in cryptocurrency companies worth $19 million. The St. Petersburg, Florida-based investment manager bought $2.41 million worth of shares in Circle (CRCL) and added $3.46 million and $631,000 of Bullish (BLSH) and Coinbase (COIN) shares respectively, according to an emailed disclosure. Bullish is the parent company of CoinDesk. ARK also bought $7.81 million worth of crypto-friendly investment platform Robinhood (HOOD), $3.25 ...

📊 UPDATE: Circle issued 750M USDC on Solana in the past 12 hours. https://t.co/HTJAqzdtAn ...

Group 1 - Tether has reduced its funding round target from $15 billion to $20 billion to potentially as low as $5 billion due to investor pushback on its $500 billion valuation [1][2] - The company generated approximately $10 billion in profit last year, primarily from yield on reserves backing USDT, indicating strong profitability and no immediate need for capital [3][2] - Tether's balance sheet resembles that of a large financial institution, holding over $122 billion in direct US Treasuries and having total Treasury exposure exceeding $141 billion [4] Group 2 - Tether has launched USAT, a US-regulated stablecoin, which is fully compliant with new federal stablecoin regulations, differentiating it from USDT [6] - The launch of USAT positions Tether in direct competition with other stablecoins like Circle's USDC and new entrants from major financial institutions [7] - Tether is actively engaging with US policymakers and law enforcement, collaborating with nearly 300 law enforcement agencies across over 60 countries [7]

canton network processes $6 trillion in tokenized assets. that's 2x the entire crypto market cap settling on jpmorgan and goldman's blockchain that nobody tracks. circle's xreserve integration february 2026 opens the first bridge. tokenized treasuries on canton trade at premiums to spot treasuries for 24/7 settlement. the arbitrage gap opens when usdc can move between both systems. ...

Ark Invest scoops up more Bitmine, Circle shares as crypto slump continues https://t.co/hAh8l5cLjB ...

Cryptocurrency Market Overview - Leading cryptocurrencies, including Bitcoin, experienced a significant selloff, with Bitcoin dropping below $73,000, marking its lowest level since November 2024, resulting in over $750 million in liquidations amid "extreme fear" sentiment [1] - The global cryptocurrency market capitalization decreased to $2.59 trillion, with analysts suggesting a potential short-term relief rally despite prevailing bearish expectations [1] Circle and Coinbase Trades - Circle, the issuer of USDC, saw its stock decline by 4.59% on the same day Bitcoin fell [2] - Ark Invest's ARKF fund purchased 3,510 shares of Coinbase Global Inc for approximately $630,606, while Coinbase's stock price dropped by 4.36%, closing at $179.66 [3] Market Pressure on Crypto Equities - Shares of Coinbase and other crypto-related companies traded lower after Bitcoin fell below $80,000, influenced by a tightening U.S. liquidity environment affecting high-risk assets [4] - The sell-off impacted crypto equities as investors reacted to ETF losses and declining market confidence across the sector [4] Ark Invest's Trades in Digital Assets - ARKF, ARKK, and ARK Next Generation Internet ETF funds collectively bought 89,677 shares of Robinhood, valued at around $7.8 million [5] - ARKF and ARKW funds acquired a total of 135,131 shares of ARK 21Shares Bitcoin ETF, valued at approximately $3.4 million, despite the ETF experiencing a 1.97% decline, closing at $25.36 [6] - ARKF and ARKK funds purchased 125,218 shares of Bullish, valued at approximately $3.5 million, with Bullish's stock declining by 3.93%, closing at $27.64 [8] Ark's Investment Strategy - Ark's investment in Bullish aligns with its strategy of supporting companies integral to the trading and exchange of digital assets, with Bullish backed by PayPal co-founder Peter Thiel [9] - Coinbase accounted for 3.52% of Ark's portfolio by weight, while Bullish represented 1.15%, with Ark's Bullish holdings valued at $138.6 million at the time of writing [9] Additional Insights - Benzinga Edge Stock Rankings indicate that Coinbase stock has a Value in the 55th percentile and a Momentum in the 4th percentile [10]

🔥 TODAY: Circle has minted another 750,000,000 $USDC on Solana. https://t.co/IjQee4MZt1 ...

Company and Industry Insights - Texas Instruments is reportedly in deep negotiations to acquire chip design company Synaptics for approximately $7 billion, with Synaptics' stock surging over 45% post-announcement [7] - CATL and Fulin Precision are increasing capital in their subsidiary Jiangxi Shenghua to establish a new 500,000-ton ferrous oxalate project, securing upstream raw material supply [7] - Good Products' controlling shareholder, Ningbo Hanyi, has received an execution notice due to overdue debts, potentially putting some of its shares at risk of forced execution [7] - Tianyi Research Institute has completed IPO counseling registration with the Hunan Securities Regulatory Bureau, known for launching 37 satellites into space, dubbed the "Pinduoduo" of the aerospace industry [8] - Huafa Co. plans to raise no more than 3 billion yuan through a private placement to fund nine real estate projects, supplementing project development capital [8] - Kailong High-Tech intends to acquire 70% of Jinhua Wanda through a combination of stock issuance and cash payment, with shares resuming trading on February 4 [8] - Cambrian Technology experienced a drop of over 14% during trading, closing down 9.18% at 1,128 yuan per share, nearing a 30% decline from its high in August [8] - Walmart's market capitalization has surpassed $1 trillion for the first time, with a year-to-date increase of 13%, joining the exclusive club of trillion-dollar retail companies [8] - Disney has appointed Josh D'Amaro as the new CEO, succeeding Bob Iger, with a base salary of $2.5 million and a target one-time stock award of $9.7 million [8] - HP has appointed Bruce Broussard as interim CEO, effective immediately, following the resignation of Enrique Lores [8] - Sun Kai, Vice President and Secretary of the Board at Industrial Bank, has increased his stake in the company by purchasing 40,000 shares, reflecting confidence in the company's future development [8]

Group 1 - Bitcoin has hit new lows for the year, briefly falling below $73,000, marking levels not seen since November 2024 [1][5] - Crypto-linked stocks such as Coinbase, Strategy, Circle, and Gemini have experienced declines of at least 15% over the past five trading days [1][5] - The recent drop in Bitcoin coincided with a broader sell-off in risk assets, including significant declines in major U.S. tech stocks [2][3] Group 2 - Some experts suggest there may be a "value zone" for Bitcoin in the mid-$70,000s, although it recently traded above $76,000 [2] - Predictions for Bitcoin prices are pessimistic, with a 48% probability placed on prices hitting $70,000 or below in the near term [4] - A shorter-term events contract indicates that bettors expect Bitcoin prices to end below current levels by the end of February [5]

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