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Bitcoin(BTC) Falls Below $76,000 with a 1.44% Decrease in 24 Hours
Bitcoin rose to $75,933, with a narrowed 1.44% decrease in 24 hours.
Ark Invest Increases Stake in Robinhood with Significant Share Purchase
Ark Invest, led by Cathie Wood, has increased its investment in Robinhood by acquiring 553,892 shares, valued at approximately $39.43 million. According to Foresight News, this move reflects Ark Invest's continued interest in the financial services platform. The purchase highlights the firm's strategy to bolster its portfolio with shares of Robinhood, a company known for its commission-free trading services.
Meta Unveils a Surprising New Way to Pay Creators in Stablecoins
Digital dollars are now becoming an official payment option for creators on Meta's platforms.
Mark Zuckerberg's Meta is officially integrating digital currencies into its payment infrastructure, allowing creators to receive earnings in stablecoins.
Meta has teamed up with payments giant Stripe to let creators get paid in USDC — a stablecoin pegged to the US dollar — directly through Facebook.
Tether Proposes Mergers Involving Bitcoin Treasury Company
Tether has proposed that Twenty One Capital merge with Strike, a crypto trading and spending platform, and Elektron Energy, a Bitcoin mining firm, at a time when Twenty One Capital’s main business of investing in Bitcoin has fallen out of favor.
Twenty One launched in December via a special purpose acquisition company, backed by the stablecoin giant Tether, the Japanese investment firm SoftBank Group Corp. and the investment bank Cantor Fitzgerald LP. It held more than 40,000 Bitcoin — the third-largest corporate holding at the time.
Warsh Set to Inherit a Fed That Looks Ready to Fight Rate Cuts
As Kevin Warsh moves closer to becoming chair of the Federal Reserve, his future colleagues are moving further from supporting the resumption of interest rate cuts that President Donald Trump is expecting.
In their last meeting under current Fed Chair Jerome Powell, policymakers on Wednesday were almost unanimous in agreeing to hold interest rates steady. But a deep split emerged over where rates might go from here, with three officials dissenting over language that still pointed to future cuts.
Powell also confirmed that he’d be staying on as a member of the Board of Governors after his term as chair ends in May, delaying the opportunity for Trump to name a new governor more sympathetic to lowering rates.
Visa Stock up with Five Blockchains Added to Stablecoin Settlement Pilot; BLSH, GEMI Down
Visa (V) is adding five more blockchains to its global stablecoin settlement pilot, expanding its multi-chain settlement capabilities to nine blockchains.
The five new blockchains to be added are Arc, Base, Canton, Polygon, and Tempo.
The program has reached a $7B annualized stablecoin settlement run rate, up 50% since last quarter.
Visa (V) was trading 8% higher during Wednesday trading, Bullish (BLSH) was 8.31% down to $36.51, and Gemini Space Station (GEMI) was 7.38% down to $4.14.
Bitcoin Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Wednesday was $83.04 million. The total net asset value of Bitcoin spot ETFs is $99.92 billion, and the ETF net asset ratio (market value compared to the total Bitcoin market value) is 6.55%.
The Bitcoin spot ETF with the highest net outflow was Fidelity Wise Origin Bitcoin Fund, with a net outflow of $36.13 million, according to SoSoValue.
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