Market Overview - All three major indexes were modestly higher during late-morning trading on Black Friday, with the Dow leading the gains [2] - The stock market had a shortened trading day, closing at 1 p.m. [2] Key Stock Movements - Intel (INTC) was the biggest mover on the S&P 500, rising approximately 8% [2] - Eli Lilly (LLY) was the largest decliner, slipping nearly 3% [2] - Brown-Forman (BF.A, BF.B) increased by 1.5%, while Lululemon (LULU) rose over 2% [3] - Best Buy (BBY) reported a decline of more than 1% following its latest quarterly financial results [3] Technology Sector Performance - Nvidia (NVDA) shares were down 1.8%, and Oracle (ORCL) fell by 2.2%, marking them as significant decliners in the S&P 500 [4] - The Roundhill Magnificent Seven ETF (MAGS), which includes major tech stocks, was up 0.3% [4] Cryptocurrency Market - Shares of Coinbase Global (COIN) rose nearly 4%, influenced by purchases from Cathie Wood's ARK funds [5] - Bitcoin was trading around $92,000, showing a rebound from recent lows [5] - Strategy (MSTR), a Bitcoin buyer, saw an increase of 2.4% [5]

Yonhap News reports that South Korea’s largest crypto exchange, Upbit, suffered a hack worth about 44.5 billion KRW ($32 million). Authorities are investigating whether North Korea’s Lazarus Group was behind the attack. The group was also linked to Upbit’s 2019 theft of 58 billion KRW in Ethereum. The recent hack targeted a hot wallet, with hackers using “hopping” and “mixing” methods typical of Lazarus.https://t.co/Lp53TknRK7 ...

Upbit, South Korea’s largest crypto exchange, suspended deposit and withdrawal services on Thursday after an unauthorized transfer of about $37 million in digital assets to an external wallet https://t.co/kVmtlkbXXm ...

Core Insights - Ark Invest continues to increase its holdings in crypto-related equities and major tech stocks, including a significant purchase of over 174,000 shares of Alphabet valued at more than $56 million [1] - The firm also invested $3.75 million in Coinbase, $7 million in Circle, and nearly $2 million in its own Bitcoin ETF, ARK 21Shares Bitcoin ETF [1] Company Performance - Alphabet's shares have risen over 8.9% in the last five trading sessions and more than 22% in the past month, currently trading at $319.11 [2] - The overall market cap of Alphabet has reached $3.816 trillion, reflecting a nearly 90% increase in the last six months, surpassing the entire crypto ecosystem [3] Investment Strategy - Ark Invest has also added $29.4 million in CoreWeave and $21.5 million in Meta, indicating a strong focus on AI and cloud computing sectors [3] - Despite concerns about potential bubbles in AI valuations, Ark Invest maintains a bullish outlook, contrasting current conditions with the tech and telecom bubble of the past [4] Market Context - The uncertainty surrounding AI valuations and macroeconomic factors has caused fluctuations in broader markets, yet Ark Invest remains committed to its purchasing strategy [5] - Recent acquisitions include positions in Coinbase and BitMine Immersion Technologies, as well as increased investments in Circle following a drop in its trading levels [6] Future Outlook - Cathie Wood has revised her 2030 Bitcoin price forecast to $1.2 million per coin, down from $1.5 million, due to the rapid rise of stablecoins [6]

Naver Financial officially confirms merger with Upbit crypto exchange https://t.co/02S901QIvh ...

South Korea’s largest crypto exchange Upbit is set to list the PLUME/KRW trading pair. Plume is the first permissionless, full-stack blockchain built for real-world asset finance (RWAfi) with native DeFi integration.https://t.co/RvkZiDZVCL ...

LATEST: ⚡ Dunamu, the parent company of South Korean crypto exchange Upbit, is reportedly planning a US IPO on the Nasdaq after merging with tech company Naver, according to a report from Seoul Economic Daily. https://t.co/YfKp1fMOZ1 ...

Naver, South Korea’s answer to Google, has moved closer to a deal that will see it snap up Upbit, the country’s biggest crypto exchange. Naver and its financial subsidiary Naver Financial plan to hold board meetings on November 26 to confirm a stock swap deal with Dumau, the Upbit operator. But the boards’ decisions appear to be a fait accompli, the South Korean news agency Yonhap reported, quoting anonymous sources close to the deal. And Naver founder and chair Lee Hae-jin is scheduled to “personally e ...

Dunamu, the operator of South Korea’s largest crypto exchange Upbit, said it is considering appealing a $25 million fine and sanctions imposed by the Financial Intelligence Unit (FIU) for alleged violations of anti-money laundering (AML) and know-your-customer (KYC) regulations. The FIU also suspended Upbit’s new user onboarding for three months. https://t.co/43wBOUlDBe ...

CORRECT (Nov. 26, 10:10 UTC): Corrects headline, first paragraph to say the company is looking at the review findings. Also corrects that new customers' transactions are constrained. An earlier version of this story said Dunama was considering an appeal and onboarding new customers halted for three months.Dunama, the operator of South Korea's largest crypto exchange, said it is assessing the findings of a review by the intelligence unit of South Korea's financial watchdog after being hit by a 35.2 billion-w ...