ARK Invest Sells $5.26M Coinbase Shares as Price Hits 19-Month High

The Ark Fintech Innovation exchange-traded fund’s (ETF) sale of 43,956 shares took place on the day COIN reached $119.77 on the Nasdaq market, the highest closing price since April 2022. The sale is the biggest since July 25, when the ARK Next Generation Internet ETF dumped more than 53,000 COIN shares, albeit at a lower price and for a lower total value.

Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected

“Progress in bringing the equipment back online has been slower than expected given frequent curtailments and hardware failures due to power surges,” the Toronto-based company said on Friday. “As individual miner hashboards are repaired and re-installed, other hashboards are failing and require repair, which is impairing our hashrate and production.”

Bank of England Targets 30-Strong Team for Digital Currency: Report

“A team of 30 seems like quite a significant resource to focus on the digital pound,” said Ian Taylor, a board adviser for trade association CryptoUK, according to the newspaper. “It shows the impact it would have, and that the Bank are serious about it.”

Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance Suit

The company, said the CFTC, operated a derivatives trading operation in the U.S., offering trades for numerous cryptocurrencies, all of which the CFTC said are commodities. The suit also alleged that Binance, under CZ’s leadership, directed its employees to spoof their locations through the use of virtual private networks.