Bitcoin
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$63,536.00 5.87039
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$3,429.66 7.31153
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BNB
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$578.34 7.53897
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$156.28 7.42471
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$0.5367500 0.55865
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$0.0000107 22.14954
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$0.0000257 10.52778
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Bitcoin
Bitcoin (BTC)
$63,536.00 5.87039
Bitcoin price
Ethereum
Ethereum (ETH)
$3,429.66 7.31153
Ethereum price
BNB
BNB (BNB)
$578.34 7.53897
BNB price
Solana
Solana (SOL)
$156.28 7.42471
Solana price
XRP
XRP (XRP)
$0.5367500 0.55865
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000186 8.30574
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000107 22.14954
Pepe price
Bonk
Bonk (BONK)
$0.0000257 10.52778
Bonk price
Bitcoin
Bitcoin (BTC)
$63,536.00 5.87039
Bitcoin price
Ethereum
Ethereum (ETH)
$3,429.66 7.31153
Ethereum price
BNB
BNB (BNB)
$578.34 7.53897
BNB price
Solana
Solana (SOL)
$156.28 7.42471
Solana price
XRP
XRP (XRP)
$0.5367500 0.55865
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000186 8.30574
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000107 22.14954
Pepe price
Bonk
Bonk (BONK)
$0.0000257 10.52778
Bonk price
Bitcoin
Bitcoin (BTC)
$63,536.00 5.87039
Bitcoin price
Ethereum
Ethereum (ETH)
$3,429.66 7.31153
Ethereum price
BNB
BNB (BNB)
$578.34 7.53897
BNB price
Solana
Solana (SOL)
$156.28 7.42471
Solana price
XRP
XRP (XRP)
$0.5367500 0.55865
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000186 8.30574
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000107 22.14954
Pepe price
Bonk
Bonk (BONK)
$0.0000257 10.52778
Bonk price

Cathie Wood boosts Coinbase holdings amid escalating SEC crackdown 

cathie-wood-boosts-coinbase-holdings-amid-escalating-sec-crackdown
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Cathie Wood boosts Coinbase holdings amid escalating SEC crackdown 

Amid the SEC’s allegations of Coinbase operating an illegal exchange, Cathie Wood’s managed funds have increased their stake in the company’s stock.

Coinbase shares experienced a significant 21% decline on June 6 amid the SEC complaint. However, Ark Investment acquired 419,324 shares, according to Bloomberg data.

Despite Sam Bankman-Fried’s empire’s challenges, a broadening regulatory crackdown in the United States, and a series of bankruptcies within the industry, Ark Investment Management remains the fourth-largest holder of Coinbase stock. The firm has been steadily increasing its stake in Coinbase, strategically capitalizing on market dips for almost a year.

On June 6, the SEC asserted that Coinbase had violated its regulations over several years by facilitating the trading of specific crypto tokens that were, in fact, unregistered securities. In response, the exchange operator expressed readiness to take the case to the Supreme Court.

The crackdown on Coinbase has expanded as state authorities, ranging from California to New Jersey, demand that the exchange cease its staking service, compensating clients for allowing their tokens to be used in blockchain transactions.

While Wood’s flagship fund, Ark Innovation ETF, has achieved a 37% gain this year, surpassing the Nasdaq 100 Index (up 33%) and the S&P 500 (up 12%), it experienced a significant decline of 67% last year.

As of March 31, Wood’s company held over 11.7 million Coinbase shares, equivalent to 6.3% of the total shares outstanding. Wood has previously expressed her expectation that bitcoin, the largest cryptocurrency, will reach $1 million, despite its current trading price of approximately $27,000.