ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak
Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million.Source
White House Takes Aim at Crypto in Scathing Economic Report
The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem.Source
U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits
Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system.Source
Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound
The FOMC will announce its next interest rate decision on Wednesday with markets betting squarely on a 25 basis point rate increase.Source
Yat Siu Says ‘Pro-Capitalist’ Asian Countries Are More Ready to Embrace Web3
The Animoca Brands chairman said at the Outer Edge conference in Los Angeles, California, that among major international game publishers, those located across Asia are more active in Web3 development.Source
Crypto Exchange BitMEX’s Acting CEO: We Have Gone Through the ‘Valley of Death’
The trading platform is built for the current market situation and is now reaping those benefits, Stephan Lutz, says.Source
Crypto Exchange OKCoin Suspends Trading of Miami and NYC CityCoins
Crypto exchange Okcoin has suspended the trading of two Citycoins, MiamiCoin and NYCCoin, as of March 16, citing limited liquidity as the reason for the decision.Source
First Mover Asia: Crypto VC Funding Was Resilient in the Bear Market. It’s Now Powering Through This Mini-Bull Cycle
A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.”Source
Crypto Trading Firm Auros Secures $17M Investment as It Recovers From FTX Woes
Auros Global, the trading firm that reportedly lost $20 million on FTX’s implosion, was released from provisional liquidation of British Virgin Island court after major debt restructuring and a fresh $17 million investment led by TradFi trading firm Vivienne Court and bitcoin miner Bit Digital.Source
Bitcoin Seesaws Below $28K as Investors Eye Fed Interest Rate Decision
The U.S. central bank is widely expected to boost the interest rate 25 basis points.Source