Cathie Wood’s 2025 so far seems like classic ARK, with huge bets on disruption and full tolerance for the choppiness that comes with it. Her flagship ARK Innovation ETF  (ARKK) is up over 57% YTD, with ARK Next Gen Internet soaring nearly 65%, and ARK Autonomous Tech & Robotics close behind at 47%. All three funds are outpacing the S&P 500’s 15% total return by a comfortable margin. Naturally, Wood’s flamboyant investing style works when the narrative and numbers align, and this year they have, with AI a ...

double zero's sec no-action letter took 18 months and $2m in legal fees to secure. competitors need the same timeline to replicate. $2z gets 18 months of regulatory monopoly in crypto infrastructure. coinbase and galaxy already running validators because compliance departments cleared it. institutions take 3-6 months for internal reviews before deploying. frontrun the compliance lag ...

🚨JUST IN: NASDAQ-LISTED BRERA HOLDINGS SECURES $300M IN OVERSUBSCRIBED PIPE AND PIVOTS TO SOLANA-BASED CRYPTO INFRASTRUCTURE UNDER THE NAME SOLMATE ...

Brera Holdings (Nasdaq: BREA) will be renamed Solmate, a Solana-based digital asset treasury (DAT) and crypto infrastructure firm, after completing a $300 million oversubscribed PIPE led by UAE’s Pulsar Group, with support from Ark Invest, RockawayX, and the Solana Foundation. Former Kraken Chief Legal Officer Marco Santori will become CEO. The company plans dual listings on Nasdaq and a UAE exchange.https://t.co/ujWgxzVW8D ...

Group 1: Ark Invest's Trades - Ark Invest sold shares of Tempus AI Inc and purchased shares of Brera Holdings PLC, Pony AI Inc, and Baidu Inc, indicating a strategic focus on the tech and AI sectors [1] - The acquisition of Brera Holdings involved purchasing 6,500,001 shares across multiple ETFs, including ARK Innovation ETF, Ark Fintech Innovation ETF, and ARK Next Generation Internet ETF [2] - The total value of Brera Holdings shares acquired by Ark Invest is approximately $161.85 million, with the stock closing at $24.90, reflecting a 225.49% increase [3] Group 2: Brera Holdings and Solmate - Brera Holdings will rebrand as Solmate, focusing on becoming a Solana-based digital asset treasury and crypto infrastructure company, following a $300 million investment [4] - Solmate aims to accumulate and stake Solana, deploying advanced validator infrastructure in the UAE, and will continue operating Brera's multi-club sports ownership business [5] Group 3: Tempus AI Trade - Ark Invest offloaded 43,157 shares of Tempus AI, valued at approximately $3.76 million, amid the company's recent FDA clearance for its AI-powered cardiac imaging platform [6] - Tempus AI's stock closed at $87.07, showing a slight increase of 0.72%, with a price target raised to $98 by HC Wainwright & Co [7] Group 4: Pony AI Trade - Ark Invest acquired 31,764 shares of Pony AI, valued at approximately $554,917, with the company reporting a 75.9% year-over-year revenue growth driven by its Robotaxi services [8] - Pony AI's stock price remained unchanged at $17.47, with a prior purchase of $1.5 million worth of shares [9] Group 5: Baidu Trade - Ark Invest added 5,033 shares of Baidu, valued at approximately $680,713, with the stock closing at $135.25, experiencing a slight dip of 1.87% [10]

Gemini Space Station’s initial public offering pulled in $425m late Thursday, marking one of the strongest debuts for a digital asset platform in recent memory. The New York-based firm, founded by Cameron and Tyler Winklevoss, priced 15.2m shares at $28 each, above its earlier guidance of $24 to $26, Bloomberg reported. The final pricing reflected robust investor demand even after Gemini lifted its proposed range from $17 to $19 last week. Gemini IPO Capped At $425M Despite Heavier Demand Bankers halted ...

Core Insights - Canaan Inc. is discontinuing its non-core AI semiconductor business to focus on its primary operations in crypto-related businesses, specifically bitcoin mining machine sales, self-mining operations, and consumer mining products [1][2][5] - The decision aims to streamline operations, enhance capital efficiency, and reduce expenditures unrelated to the company's core business lines [2][4] - The AI semiconductor business generated approximately US$0.9 million in revenue for fiscal year 2024, accounting for around 15% of the company's total operating expenses [3] Strategic Realignment - The company has been exploring strategic options for its AI semiconductor business since March 2022, including potential asset sales or orderly wind-downs [4] - After discontinuing the AI semiconductor unit, the company expects a significant decline in operating expenses [4] - The CEO emphasized that focusing on core strengths in crypto infrastructure and bitcoin mining is the most strategic path forward for the company [5] Company Background - Canaan Inc. was established in 2013 and specializes in ASIC high-performance computing chip design, chip R&D, computing equipment production, and software services [6] - The company is known for shipping the world's first batch of mining machines incorporating ASIC technology in bitcoin's history under the brand name Avalon [6]