Cathie Wood’s ARK Sells Grayscale Bitcoin Trust Holdings, Coinbase for Second Day

Cathie Wood’s fund is continuing to sell crypto-related stocks as the market hits a high not seen since early 2022.Source

Coinbase Says SEC is Attempting to ‘Redefine Definition of an Investment Contract’

Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.Source

BlackRock Bitcoin ETF Has, Since August, Appeared on DTCC Site That Belatedly Moved Markets This Week

Impulsive trading in crypto markets is nothing new and the movement in the price of bitcoin (BTC) over the past two days over the addition – and then removal – of BlackRock’s proposed ticker for its spot bitcoin ETF on the Depository Trust & Clearing Corp.’s website is just another example.Source

Sam Bankman-Fried Defense Has 6 Witnesses to Open With: DOJ

Source

Crypto-Fan Tom Emmer’s Rise and Fall in the U.S. House Speaker Race Was Extremely Quick

Rep. Tom Emmer, the No. 3 in U.S. House leadership, has been Mr. Crypto on Capitol Hill, so his brush with the speaker nomination gave a jolt of hope to the industry.Source

Despite U.S. House Drama, Sens. Gillibrand, Lummis Bullish on Stablecoin Bill and Illicit Finance Legislation

Even as the U.S. House of Representatives is paralyzed by a Republican leadership drama, U.S. Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are still pressing to get crypto legislative through.Source

Co-Founder of Paradigm, a Top Crypto Investor, Steps Down as Managing Partner to Focus on Science

Fred Ehrsam, co-founder of large crypto investment firm Paradigm, has stepped down as managing partner at the company and will act as a general partner going forward, he announced in a Tuesday post on X (formerly Twitter).Source

Bitcoin Bears Lose $178M as Prices Break Past $34K

Traders on crypto exchanges Binance, Huobi and OKX were hit for $50 million each, suggesting a large amount of leverage used on those platforms.Source

Bitcoin in ‘Anti-Gravity’ Phase as ETF Approval Nears Finish Line

As bitcoin pushes 12% during Asia trading, there are parallels to the first Gold ETF and beyond, industry stakeholders and analysts said.Source