Cathie Wood Loads Up $93M More in Crypto Stocks — Circle, Coinbase, Block and Bullish
Cathie Wood’s ARK Invest pushed deeper into the crypto sector this week, adding another wave of purchases across several beaten-down digital-asset-linked stocks as the broader market continued to slide.
The investment firm spent more than $93 million on Tuesday alone, extending a month-long pattern of buying into weakness as crypto equities struggle to recover from sharp November losses.
From Grayscale ETFs to Federal Bank Chatter: LunarCrush Shows How News Triggers Sentiment Swings in XRP
LunarCrush data indicates a sharp pickup in XRP chatter, with mentions around 29.19k and engagements near 12.95 million during the latest burst, while Galaxy Score eased to roughly 62, pointing to choppy sentiment rather than a one-way swing.
This surge in activity coincided with renewed headlines about exchange-traded products and viral posts regarding licensing and banking claims.
Read MoreDow Jones Today: Stock Futures Point Further Higher Entering Thanksgiving Holiday
Will the Fed Cut Rates Next Week? This Tool May Reveal the Answer
Key Takeaways
- Markets now see a December rate cut as more likely than a pause, reflecting how quickly expectations can shift.
- If the Fed cuts rates in mid-December, it will push today’s savings and CD yields lower.
- It’s easy to track rate-cut odds yourself with the CME FedWatch tool,
» Read more about: Will the Fed Cut Rates Next Week? This Tool May Reveal the Answer »
Read MoreThe Burst
Market Commentary: Insiders Think This Stock Is a Steal
As a prominent mall REIT, Simon Property Group (SPG) share price has been doubly impacted by both the rise of remote work and the surge in online retail, leading to its dividend yield soaring to an impressive 6.5%.
This high yield has prompted a significant change in management’s investment strategy, now favoring the repurchase of SPG shares.
» Read more about: Market Commentary: Insiders Think This Stock Is a Steal »
Read MoreThe Ivy
Is Crowdstrike a Risky Buy or a Golden Opportunity?
Crowdstrike at this moment in time is the epitome of what makes investing challenging. The blackout experienced around the world due to an error in code left the reputation of the cybersecurity firm in tatters.
The company now faces two major hurdles to win back customer confidence. First, it has to win back the confidence of its clients and secondly it has to resolve the liabilities that may follow the global outage.
» Read more about: Is Crowdstrike a Risky Buy or a Golden Opportunity? »
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