Cathie Wood's ARK buys Robinhood shares in largest purchase in six months after 23% slump

·1 views

ARK Invest, led by Cathie Wood, bought shares of Robinhood (HOOD) in its largest purchase in six months. The buy came after the stock fell 3.3% on Wednesday, extending its one-month decline to more than 23%. The article text provided is brief and does not give further details on the size of the purchase or the reasons behind the drop. Investors are watching how the stock responds following the sharp decline.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

US sanctions two Russians accused of laundering crypto for North Korean IT workers

The U.S. government has imposed sanctions on Russian nationals Ilya Boykov and Vitold Obertas over alleged money laundering tied to North Korea. According to the allegations, Boykov converted roughly $3.5 million in cryptocurrency and Obertas converted nearly $2 million on North Korea's behalf. The funds were linked to North Korean IT workers, a scheme that has been used to generate revenue for the regime. The sanctions aim to disrupt the networks that help move illicit crypto proceeds out of North Korea.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

As $10 billion in bitcoin options near expiry, the tell is in the pricing

Your day-ahead look for Oct. 29, 2026

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin slips to near $80,000 as Samsung and Alphabet earnings weigh on tech stocks

Bitcoin fell about 1.4% since midnight UTC, trading near $80,100. The decline followed disappointing earnings reports from Samsung and Alphabet, which weighed on technology stocks. Investors are also awaiting the release later today of the Federal Reserve's preferred inflation measure. The article also notes a slump in AI-related tokens.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

NYSE owner ICE moves to bring Hyperliquid-style perpetual futures to U.S. markets

Intercontinental Exchange, which owns the New York Stock Exchange, is taking steps to launch a U.S. venue called ICE[XYZ] that would offer perpetual futures. The contracts would cover stocks, commodities and cryptocurrencies and trade around the clock. The launch depends on approval from the Commodity Futures Trading Commission. ICE is also investing in Trade[XYZ], the company behind the Hyperliquid-linked project.

0 comments Read more at CoinDesk