Ark Invest Further Boosts its Holdings of $5.2M in Coinbase Stock
On March 14th, based on its most recent trading filing, the ARK Innovation ETF (ARKK) purchased 29,353 shares of Coinbase Global Inc. stock. When calculated at the closing price on Thursday, this was valued at approximately $5.2 million. The ARKK fund also bought 143,855 shares of Robinhood stock, with a value of $5.18 million.
Coinbase's stock price closed at $177.49, down by 7.43%. According to Google Finance, the stock price of this cryptocurrency exchange has decreased by 31% year-to-date.
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Point of View: Inflation is unlikely to decrease enough to prompt the Federal Reserve to cut interest rates this year
On March 14th, several economists on Wall Street have expressed that policymakers are not likely to be overly reassured by these numbers. This is because of the complex calculation method behind the data and the trends in key areas.
Stephen Juneau, an economist at Bank of America, stated in a report, "In short, the inflation process in 2025 did not start smoothly. Our forecast for Personal Consumption Expenditures (PCE) inflation further confirms our view that inflation is unlikely to decline sufficiently to justify a rate cut by the Fed this year. Especially in a policy environment that is pushing inflation higher. Unless economic activity data weakens significantly, we believe that policy rates will remain unchanged by the end of the year."
Although the Fed also monitors CPI and PPI, it believes that the final say on inflation belongs to the PCE Price Index. Most economists believe that the latest PCE data to be released later this month will show that the year-on-year inflation rate
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A man in Hong Kong was robbed of over 300,000 cash after trading cryptocurrency, and the suspect is currently at large.
March 14th. According to Hong Kong's "Ming Pao" newspaper, at approximately 11:00 on the 13th, the Hong Kong police received a report from a 41-year-old man surnamed Wang. He stated that he was assaulted by a man with a wooden stick opposite the Lai Chi Kok Park Sports Center on Lai Wan Road, Lai Chi Kok, and his bag containing HKD 318,000 in cash was stolen. The thief fled towards Ying Fai Terrace. After receiving the report, the police officers arrived to conduct an investigation and got into a police car with their colleagues to search the area for the thief, but no sign of the thief was found. The man's left hand was hit by the stick. After receiving first aid on the ambulance, he refused to be taken to the hospital.
It is reported that the man was trading cryptocurrency at Sung Wong Toi earlier and received more than HKD 300,000 in cash. While he was on his way back to his residence in Wah Lai Estate with the large sum of money in a bag, he was robbed. The police have classified
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Analyst: Historical data shows that venture capital is more inclined towards AI rather than cryptocurrency
On March 14th, Sam Reynolds, an analyst at CoinDesk, stated that according to Pitchbook data, in the first quarter of 2025, approximately $8.61 billion in venture capital financing was obtained in the U.S. crypto sector. Meanwhile, the AI industry attracted nearly $20 billion, with a clear tendency for funds to flow into artificial intelligence. Major fundings in the AI sector include: Databricks with $15.3 billion and Anthropic with $2 billion, totaling 795 deals. The largest funding in the crypto industry was Abu Dhabi's MGX's $2 billion investment in Binance, along with other fundings such as Mesh with $82 million, Bitwise with $70 million, and Sygnum Bank with $58 million.
Historical data shows that AI funding grew from $670 million in 2011 to $360 billion in 2020, far exceeding the overall growth rate of the crypto sector. Only in 2021 did crypto funding briefly surpass AI due to classification adjustments. Despite AI's dominance in funding, the crypto industry still acquires fun
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Upbit 24-Hour Trading Volume Ranking: LAYER, TRUMP, and AUCTION Break Into Top Five
On March 14th, based on CoinGecko data, within the past 24 hours, Upbit's trading volume reached 21.1 billion US dollars. The XRP/KRW trading pair accounted for 29.93% of the volume and ranked first in the South Korean won market. The remaining top five in trading volume are: BTC, LAYER, TRUMP, and AUCTION.
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