The firm rebalances its portfolio by selling Tesla stock and adding fintech and crypto holdings.Ark Invest has purchased $30 million worth of Circle shares across its key ETFs.Ark Invest Moves $30 Million into CircleArk Invest has acquired approximately $30 million worth of Circle Internet Group shares, marking a clear pivot towards fintech and stablecoin infrastructure. The move reflects the company’s confidence in the future of blockchain-based payments and digital finance.The purchase comes shortly after ...

Ripple has been on a buying spree, spending more than $2.4 billion billion to purchase at least four companies in 2025. Don’t expect the same next year, the company’s CEO said on Wednesday at the company’s annual Swell conference in New York. “We’ll probably slow down the acquisition binge in 2026 which makes our corporate developer team very happy,” Brad Garlinghouse quipped during an onstage Q&A. On Monday, Ripple announced the acquisition of Palisade, a crypto custody company. Ripple did not disclose ...

Core Insights - Ethereum is currently in a recovery phase, with potential for significant price appreciation, projected to reach $5,000 by the end of the year and possibly doubling by the end of the decade [1][2] Market Sentiment - Ethereum's community has faced challenges, with concerns about its relevance and a prolonged period of negative news affecting sentiment [3][4] - Activity on the Ethereum network has been stagnant, with criticisms regarding the effectiveness of layer-2 scaling solutions and claims of overvaluation [4] Stablecoin Advantage - A key structural advantage for Ethereum is its dominance in the stablecoin market, with over 53% of the $307 billion stablecoin supply operating on its blockchain [5] - Major stablecoins like USDT and USDC, which constitute more than two-thirds of the stablecoin sector, are predominantly issued on Ethereum [5] Financial Integration - As traditional finance increasingly adopts stablecoins for various applications, Ethereum is positioned as the foundational infrastructure, generating fees from activities involving stablecoins [6] - The movement of stablecoins is accelerating, which is beneficial for Ethereum's economic model [6] Industry Perspectives - Notable figures in finance view stablecoins as a transformative use case for Ethereum, likening their adoption to the viral success of ChatGPT [7]

Core Insights - Decentralized finance (DeFi) protocols are increasing revenue distribution to token holders through buybacks, but this strategy may not be effective [1][4] - In July, the top 12 revenue-distributing protocols spent nearly $800 million on buybacks, marking a 400% increase since the beginning of 2024 [2] - Token buybacks aim to link token value to the success of DeFi protocols, with the expectation that higher profits will lead to increased buyback spending [3] Financial Analysis - The report from Keyrock indicates that many buyback programs overspend during high price periods and underspend during downturns, which can lead to inefficiencies [4] - A separate report from Messari supports the view that buybacks may not be a wise use of capital, as market performance is more influenced by growth metrics and narrative [5] Market Trends - Hyperliquid has successfully integrated buybacks into its strategy, with its HYPE token increasing by 500% since its launch in November 2024, prompting other protocols like Aave to consider similar programs [6] - Despite the initial surge in DeFi token values in 2021, many tokens have since underperformed as market excitement waned and valuations were questioned [7]

Donald Trump Jr serves on the advisory board for Polymarket - Edgar Su/Reuters The owner of the New York Stock Exchange is to invest up to $2bn (£1.5bn) into a crypto betting platform backed by the Trump family. Intercontinental Exchange (ICE) on Tuesday announced its support for Polymarket in a deal that values the five-year-old startup at $8bn (£6bn). The company was set up in 2020 in the bedroom of then 22-year-old New York University dropout Shayne Coplan. He stands to receive a substantial boost to ...

MEV Definition - Maximal Extractable Value (MEV) refers to the maximum amount of value blockchain actors can gain by reordering transactions within a block [1] Regulatory Scrutiny - ESMA explores MEV's implications for Decentralised Finance users, protocols and the wider crypto system [1]