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In the latest trading activity, Cathie Wood’s ARK ETF published daily trading for Friday, October 11, 2024, with big moves in several notable stocks. The most significant trade of the day involved the sale of Robinhood Markets, Inc. (NASDAQ:) stock, with ARK selling a total of 178,658 shares across the ARKK and ARKW ETFs for approximately $4.56 million. Conversely, ARK showed continued confidence in electric vehicle giant Tesla Inc. (NASDAQ:), purchasing 12,730 shares through the ARKW ETF, representing a cash outlay of approximately $3.04 million. The purchase adds to ARK’s recent pattern of accumulating Tesla shares and underscores the fund’s…
Ripple CEO Brad Garlinghouse said the U.S. Securities and Exchange Commission (SEC) ignored a court ruling that determined XRP was not a security, which the regulator still maintains. denounced. He made this comment in response to the agency’s position in the Bitnomial case, in which a crypto derivatives exchange filed a lawsuit against the SEC over the classification of XRP futures. Ripple CEO slams US SEC over XRP security claims Brad Garlinghouse expressed his anger at the US SEC’s actions in a post on X (formerly Twitter), pointing out that the SEC doesn’t seem to care that XRP is not…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. The Shiba Inu is nearing a point where a symmetrical triangle pattern on the chart indicates that a…
The U.S. Securities and Exchange Commission (SEC) has charged Chicago-based cryptocurrency trading firm Cumberland with operating as an unregistered securities dealer in transactions involving more than $2 billion in virtual currency assets. The complaint alleges that since March 2018, Cumberland has been buying and selling crypto assets offered and sold as securities as part of the ordinary course of its business, in violation of the registration requirements of federal securities laws. . According to the SEC, Cumberland, which bills itself as one of the world’s leading liquidity providers in cryptocurrencies, trades digital assets with counterparties over the phone and through…
Sen. Bill Hagerty (R-Tenn.) released a discussion draft of a new bill aimed at providing a clear regulatory framework for stablecoin issuers.Hagerty, a member of the Senate Banking Committee, aims to remove regulatory uncertainty and maximize the potential of stablecoins in strengthening payment systems and supporting U.S. Treasury needs. .Hagerty said in a statement:“Stablecoins have the potential to not only strengthen trading and payment systems, but also help generate new demand for U.S. Treasuries to address unsustainable deficits.”He said a lack of clear regulation is “hindering” the growth and “promise” of stablecoins in the U.S., and that his proposed bill…
After Wall Street balked at Tesla’s long-awaited robotaxi announcement, CNBC’s Jim Cramer told investors to stay out of the stock. Cramer said he would not recommend buying Tesla after Thursday night’s failed event, but said it was a “dangerous bet” on CEO Elon Musk and that the stock discouraged short selling.”Tesla’s robotaxi event was great, but we didn’t get enough details to justify treating the company like a self-driving business rather than an electric car maker,” he said. “We therefore recommend that you refer to the Switzerland page and keep this page on the sidelines for now.”Tesla needs a win…
ETH saw a modest rally on the monthly chart, rising just 2.89% Analysts believe ETH needs to rise above $2,300 to avoid a big drop While Bitcoin (BTC) has fallen over the past week, Ethereum (ETH) has taken a different path. In doing so, ETH recorded modest gains on the monthly price chart. At the time of writing, Ethereum was trading at $2,404. This marked an increase of 1.06% on the weekly chart, and the altcoin also gained on the daily chart. However, despite these gains, ETH is still well below its recent high of $2,700 and 50.7% off its…
Artificial intelligence is the biggest investment opportunity of our lifetime. Now is the time to invest in breakthrough AI. This stock is a bargain. The whispers are turning into roars. Artificial intelligence is no longer science fiction. It is a revolution that will reshape every industry on the planet. From driverless cars to medical advances, AI is on the verge of a global explosion, and smart investors are looking to reap the benefits. Here’s why now is the perfect time to jump on the AI bandwagon. Exponential growth on the horizon: Forget linear growth – AI is poised for a…
We recently published a list of the 7 most undervalued blockchain stocks to buy, according to analysts. In this article, we’ll take a look at where Block, Inc. (NYSE:SQ) stands against other most undervalued blockchain stocks and whether you should buy it, according to analysts.Transforming finance: The impact of blockchain technologyThe blockchain industry is witnessing significant trends that will shape its future and expand its use cases across various sectors. One of the most notable trends is the growth of decentralized finance (DeFi). Decentralized Finance (DeFi) is transforming the traditional financial system by providing peer-to-peer financial services on public blockchains…
Ripple Labs co-founder Chris Larsen donated $1 million worth of the cryptocurrency XRP to a political action committee (PAC) aligned with the Democratic Party in support of US Democratic presidential candidate Kamala Harris. According to FEC filings released this week, the blockchain technology executive donated 1,754,815.29 XRP, worth about $1 million, on August 14. The money was raised through Future Forward USA, a Democratic super PAC that raised more than $200 million during the 2023-24 election cycle, according to data from campaign finance nonprofit Open Secrets. According to Open Secrets, Larsen has donated a total of $1.9 million to support…