π Ark Invest's $ARKK experienced outflows of $200 million since October, despite the fund's impressive recovery of approximately 35% during the same period.
Investors have been withdrawing funds, potentially driven by market volatility and shifting investment preferences.
However, Ark Invest's performance and innovative strategies continue to attract attention, making it worth monitoring how these outflows may impact the fund's future growth. ππΌ #ArkInvest #Investing #MarketTrends
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At this very moment, we are 80% away from the occurrence of the #bitcoin Halving.
Are you getting ready?? π₯β‘π
#halvig #btc #2024
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Wow, it's not possible that you never thought this would happen. It was logical that big investors would enter the crypto market. It's not co-option, it's adoption. BTC is the gateway to the world of cryptocurrencies, ETF's are a gateway for investors who are not fully aware of what cryptocurrencies are. It's a start to decentralized finance.
π¨ The SEC has responded to the judge's decision in the Ripple case, acknowledging the court's finding that Ripple's sale of XRP tokens violated securities laws under certain circumstances.
The SEC's position on the application of the Howey test, which determines the securities analysis of crypto transactions, was supported by the court. Ripple's alternative test was rejected, underscoring the broad application of the Howey test to various assets as investment contracts.
Furthermore, the court dismissed Ripple's fair notice argument, stating that claiming ignorance is not a defense against securities law violations.
Stay tuned for further updates as the SEC vs. XRP case continues to unfold. The outcome will have significant implications for the crypto industry. πΌππ #SEC #Ripple #XRP #Cryptocurrency
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π¨ Binance fires more than a thousand employees worldwide π amid strong regulatory pressure. The exchange is accused of violating securities laws in the US πΊπΈ and faces lawsuits. The company says it is restructuring to adapt to the crypto scenario and prepare for the next bull run π #binance #crypto
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π£π The SEC has acknowledged #Bitcoin ETF applications from major players like BlackRock, VanEck, Invesco, Galaxy Digital, Fidelity, and WisdomTree.
The arrival of multiple Bitcoin ETFs is a game-changer for crypto investing. Get ready for a new era of BTC adoption! ππͺ #ETFs #Cryptocurrency
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ππΌ Just 7 companies account for over 50% of the NASDAQ 100. π―π
#NASDAQ #MarketDominance #TechGiants #FinancialMarkets
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π°π· South Korea to enforce new regulations mandating cryptocurrency-holding companies to disclose their holdings in financial statements from 2024.
Under the new rules, companies will be required to provide information on crypto quantity, characteristics, business models, and accounting policies, along with corresponding profits, volume, and market value.
#CryptocurrencyRegulations #Transparency #SouthKorea
ππ° Breaking News: BlackRock CEO predicts crypto will surpass traditional currencies driven by soaring global demand.
Larry Fink, CEO of the $9 trillion asset manager, highlights the transformative power of cryptocurrencies as he projects their rise to transcend international monetary systems. Stay tuned for more updates on this paradigm shift! #CryptoRevolution #GlobalDemand #DigitalCurrency
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π«πΌ Founder of Stacks project and Trust Machines CEO reports Bank of America closed his account, possibly due to Coinbase transactions.
Brian Armstrong conducted a poll asking if BofA users had their accounts closed without explanation, with approximately 1.1k responding "yes."
π€ The incident raises concerns about banking access for cryptocurrency-related activities. Stay tuned for updates. #BankofAmerica #Cryptocurrency #AccountClosure #Coinbase
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π¨πΊπΈ US regulators take significant action against Celsius Network and its founder Alex Mashinsky:
π Alex Mashinsky arrested in New York, facing charges of defrauding clients and misrepresenting the company's business model.
πΌ Mashinsky and others face multiple complaints, including securities fraud, commodities fraud, electronic fraud, and conspiracy to manipulate the price of Celsius' token, CEL.
βοΈ DOJ issues indictment against Mashinsky and Celsius, with separate actions from SEC, CFTC, and FTC.
π° FTC imposes a $4.7 billion fine, but trial suspended to facilitate return of remaining assets to consumers amid bankruptcy proceedings.
π« Celsius and affiliated entities permanently prohibited from offering or promoting any product or service related to deposit, exchange, investment, or withdrawal of assets.
π Stay tuned as the legal actions against Celsius Network continue to unfold, reflecting the ongoing efforts of US regulators to ensure investor protection and maintain market integrity. #CelsiusNetwork #Regulation #Fraud #SEC #CFTC #FTC
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I think I've done a good job of sharing what I can find out about the Ripple vs SEC case.
I ask you to read my reviews, I did it from the heart! β€οΈ
π₯ποΈ US House Majority Whip Tom Emmer weighs in on the Ripple case, emphasizing its monumental implications for establishing a clear distinction between tokens and investment contracts.
π Emmer highlights the need for regulatory confidence in shaping the future of the internet, emphasizing the importance of his bipartisan bill, the Securities Clarity Act. This legislation aims to solidify the concept that tokens can exist independently from investment contracts, providing a framework aligned with American values.
π By enshrining this distinction into law, Emmer believes it will foster innovation and ensure that the next generation of the internet is developed with the utmost clarity and regulatory certainty.
π€ As the Ripple case continues to unfold, the involvement of political figures like Emmer underscores the significance of this legal battle and the potential political ramifications it may have on the cryptocurrency and blockchain industry.
π° Stay tuned for further developments as the intersection of law, regulation, and technology continues to shape the future of digital assets. #Ripple #Cryptocurrency #Regulation #SecuritiesClarityAct
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π’π Update: The SEC has responded to the Ripple XRP court ruling, expressing satisfaction with the court's findings that XRP tokens were indeed offered and sold by Ripple as investment contracts in violation of securities laws in certain circumstances.
π The SEC reiterated that the Howey test, which examines the characteristics of transactions, remains the standard for assessing securities analysis in the crypto space. The court's rejection of Ripple's alternative test highlights the established legal framework for determining investment contracts.
π The SEC emphasized that various tangible and intangible assets can qualify as subjects of investment contracts, reaffirming the broad scope of securities regulations. The court also dismissed Ripple's argument regarding fair notice, emphasizing that ignorance of securities laws does not serve as a defense.
πΌ The SEC will continue reviewing the court's decision, and further implications and actions may follow. Stay tuned for updates on the evolving Ripple XRP case. #SEC #Ripple #XRP #CryptoRegulation
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ππΌ Analysis: The Southern District of New York ruling on Ripple's XRP brings both clarity and complexity to the case. The court determined that Ripple's institutional sales of XRP were indeed unregistered securities offerings, while the programmatic sales on exchanges did not meet the criteria. This highlights the importance of distinguishing between different types of transactions involving XRP.
βοΈ The judge emphasized that the XRP token itself is not considered a security, but rather the context and nature of the transactions and schemes surrounding it must be examined. This ruling sets the stage for further scrutiny and discussion.
π ConsenSys lawyer Bill Hughes explains that the question of whether Ripple executives aided and abetted the unregistered issuance will likely be decided by a jury, with the SEC expected to appeal the decision to the Second Circuit.
π‘ This case underscores the need for regulatory clarity in the crypto space, as differentiating between securities and non-securities can have significant implications for market participants. Stay tuned for further developments as the Ripple XRP case continues to unfold. #CryptoRegulation #XRP #SEC #Ripple
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Now: #Ripple $XRP trading now live on #Coinbase. ππ₯
π±π Google will now allow games and apps on the Android Play Store to offer NFTs! Developers can now follow guidelines to incorporate NFTs into their Android games, while also prohibiting crypto mining apps on user devices. Exciting opportunities for blockchain integration! #GooglePlay #NFTs
ππ³οΈ Pro-#Bitcoin US candidate RFK Jr. surpasses Biden in favorability poll among Democrats! The survey shows growing support for a candidate who champions cryptocurrency and its potential impact. #CryptoPolitics #DemocraticParty
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π₯π Coinbase will relist the XRP token!!
#xrp #ripple #moon
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