Cathie Wood buys more Coinbase shares, financial conditions get less not more tight, and bitcoin (BTC) changes hands around $17,400. JamieCrawleyCD and godbole17 report in today’s First Mover by CoinDesk Markets.
of the year amidst a rally for the crypto exchange's stock. Wood's investment firm ARK added 33,726
shares to its Innovation ETF, worth around $1.45 million. The buy follows much larger ones in December when across two purchases. lost around 86% of its value in 2022, but it is now showing signs of recovery, up 20% on the week and 7.3% on the month. The Nasdaq-listed Coinbase announced yesterday it was cutting 950 jobs – around 20% of its workforce – in a bid to bring down its operating expenses by 25% by the end of March. The move was welcomed by Wall Street analysts, who viewed it as a sign the firm was showing fiscal discipline. report, over 90% of its users' assets are in Binance wallets.
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