Cathie Wood’s ARK Invest sold around $110 million worth of Circle (CRCL) shares on June 23, continuing a wave of profit-taking just weeks after the stablecoin issuer went public.According to the firm’s latest trading disclosure, the firm’s ARK Innovation ETF (ARKK) offloaded the most significant chunk of CRCL with the sale of 306,921 shares, followed by the ARK Next Generation Internet ETF (ARKW), which sold 72,302 shares. The ARK Fintech Innovation ETF (ARKF) divested 36,621 shares.Cumulatively, these three funds sold 415,844 CRCL shares for $109.6 million.Meanwhile, these sales follow last week’s divestments of around $240 million across three trading sessions…
Author: cryphedge
Circle Internet Group (CRCL) has seen a 749% increase from its initial public offering (IPO) price earlier this month. On Monday, CRCL surged over 9.64%, bringing its share price to $263.45 and lifting its market capitalization to $63.89 billion. In comparison, the market cap of Circle’s flagship stablecoin, USDC, now sits at $61.675 billion, meaning Circle’s valuation has surpassed its stablecoin’s by 3.6%, or roughly 103.6% of USDC’s total market cap. Circle’s remarkable performance follows its IPO debut on June 6 at $31 per share, which saw shares nearly triple in value on the first day of trading. Circle (CRCL)…
Ripple (XRP) is undergoing a definitive momentum, in which another co-founder of XRPL has emerged from the shadows. Arthur Britto, another leading XRP founder, has taken to X to make his presence known, which, in turn, has shaken the cryptocurrency world, filling it with heightened speculation and speculation. Britto was underground for many years, barely making his presence known to the world until now, which has led analysts to speculate whether this is a sign of XRP’s absolute success. How does this impact global XRP flows? Let’s find out.Also Read: Ripple XRP Price Signals Potential Breakout After $3Britto XRP Connect:…
Solana is among altcoins to rally after Donald Trump announces Israel-Iran ceasefire The SOL token surged to above $145, gaining 8%, while Bitcoin topped $106,000 and Ethereum broke above $2,400. SOL could target $175 and $200 in the short term. Solana (SOL) price spiked as global cryptocurrency markets experienced a sharp rebound following the announcement of a ceasefire between Israel and Iran. The cessation of hostilities, which ended a 12-day conflict that had heightened geopolitical tensions, alleviated concerns over potential disruptions to global markets, particularly in the energy sector. This development triggered a surge in major cryptocurrencies, with Solana (SOL)…
Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has… Share Last updated: June 23, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from…
Today, Monday, June 23, 2025, the cryptocurrency market witnessed a significant liquidation, with a whopping $640.10 million liquidated over the past 24 hours, according to data released today by market analyst Phoenix Group. Panic selling over the weekend, catalysed by US military attacks on Iran’s nuclear stations, triggered such huge liquidations. The significant selloffs caught long traders off guard as the majority of liquidations came from long positions. BTC, ETH Lead in Selloffs As reported by the data, BTC, ETH, SOL, and XRP were the hardest hit. Bitcoin led the market selloff, with $238.59 million liquidated over the past 24…
Bitcoin (BTC) demand by institutional investors has remained high amid rising fears of short-term crypto market capitulation. According to market data from CoinShares, Bitcoin’s investment product recorded the second consecutive week of cash inflow last week of about $1.1B. As a result, the BTC’s investment products have posted a net monthly flow of about $2.38 billion and a year-to-date cash inflow of around $12.7 billion. The United States led in net cash inflows of about $1.25 billion, while Hong Kong and Switzerland posted a net cash outflow of about $32.6M and $7.7M respectively.Is Bitcoin Price Ready for a Bullish Breakout?Bitcoin price…
The Federal Reserve Board on June 23 removed reputational risk from its bank supervision program, ordering staff to strike the term from examination manuals and to concentrate on measurable financial exposures.The Fed move positions the central bank alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency, which made similar changes this year. Together, the three regulators oversee every federally insured depository institution. Their coordinated revisions eliminate a subjective standard that experts said allowed examiners to block banking services to crypto firms.Additionally, it prevented banks from offering crypto-related services as simple as buying and selling…
Solana, the Ethereum killer, is showing signs of a strong comeback. After weeks of choppy price action and a sharp pullback, SOL price has rebounded impressively from the $124 zone and is now trading around the $135 to $138 range. This bounce comes at a time when the broader crypto market is grappling with uncertainty, making Solana’s resilience all the more noteworthy. But what’s fueling this rebound? Is it just a technical bounce, or are there stronger fundamental forces at play, like ETF speculation and institutional adoption?Recent Pullback & Recovery: What Just Happened?Solana experienced a sharp drop below the $130 support…
Dogecoin continues to slide, hitting a two-month low amid broader market instability and geopolitical tensions. With trading volume dwindling and key support levels in jeopardy, further declines could soon follow. Dogecoin (DOGE) continues to face significant downward pressure, pushing the cryptocurrency closer to its lowest levels of the year. On Sunday, the meme coin reached its lowest trading price in two months, hitting a 24-hour low of $0.1427. This follows a consistent pattern of bearish activity, marking the fifth consecutive week of declines for Dogecoin. With the broader market in turmoil, influenced by recent geopolitical events, Dogecoin has struggled to…
