Coinbase News: ARK Invest Makes Major Bitcoin Purchase via Coinbase

ARK Invest, a prominent investment firm led by Cathie Wood, has made headlines in the cryptocurrency market with a significant purchase of Bitcoin worth $80 million. Executed through Coinbase, this investment underscores ARK’s growing commitment to the crypto space.

ARK Invest Bitcoin Purchase: Cathie Wood Bets Big on Crypto With $80M Buy

ARK Invest has recently catalyzed significant attention across various major cryptocurrency market segments with its acquisition of nearly 998 BTC worth about $80 million in just a single day. This investment was executed through Coinbase in two substantial transactions – specifically 499.134 BTC (valued at approximately $40.37M) and 498.6 BTC (worth around $41.07M). This has essentially strengthened ARK’s commitment to cryptocurrency market trends.

Whale Alert: $3.1M USDC Moved to Hyperliquid for $HYPE

A new crypto whale has made a significant move in the market, withdrawing $3.1 million USDC from Coinbase and bridging it into Hyperliquid. The transaction, which took place on the Arbitrum network, culminated in a substantial purchase of $HYPE tokens, signaling strong investor confidence in the asset. This high-value transaction has drawn attention from traders and analysts alike, sparking speculation on the potential impact of the whale’s actions on the price and liquidity of $HYPE.