“The purchases of Coinbase, Circle Internet and Bullish were Ark’s first purchases of the three stocks since mid-December.”, — write: www.coindesk.com
The Cathie Wood-led investment manager added to its holdings in the three companies in its Innovation (ARKK) and Blockchain and Fintech Innovation (ARKF) exchange-traded funds (ETFs), according to an emailed disclosure.
Ark added 129,446 shares of stablecoin developer Circle, worth $9.2 million based on Friday’s closing price of $71.33. CRCL’s price was little-changed on Friday, but had fallen nearly 10% throughout the week.
It also bought 42,179 shares of crypto exchange Coinbase and 88,533 shares in Bullish, the owner of CoinDesk, worth $9.15 million and $3.17 million, respectively. The former fell 2.77% on Friday and the latter 2%.
The crypto market reverted to bearishness last week, with bitcoin nearly 6% lower on Friday compared to a week earlier, dropping below the $90,000 mark in the process.
Ark’s long-established method is to buy into dips in equity prices, seeking the greater value that multiday drops may offer.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report
As bitcoin remains in a downtrend, several technical and onchain levels stand out as critical areas of support.
- The 100-week moving average at $87,145 remains the main line of defense.
- Below this, the cost basis of US spot bitcoin ETF buyers at $84,099 has provided support during recent consolidation.
- A sustained break below $80,000 would likely open the door to a revisit of the April 2025 low near $76,000.
Read full story