Author: BPay News

BPay News is the site's editorial desk covering Bitcoin, Ethereum, digital asset markets, regulation, and on-chain developments.

Ark Invest Crypto Holdings: Boosting Investments Amid Decline

Ark Invest crypto holdings have been making headlines recently as the firm strategically increases its investments in various crypto-related stocks amidst a market downturn.This past Tuesday, Ark Invest acquired significant amounts of Block Inc stock worth $13.5 million, alongside $7.6 million of Circle Internet Group stock and $3.86 million in Coinbase stock, all through its innovative Ark Invest ETFs.

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HYPE Short Position: A Whale's $2.9 Million Bet

In a groundbreaking move, a prominent trader has established a substantial short position in HYPE, amounting to $2.9 million, by employing a 10x leverage strategy.This bold action highlights the growing trend of whale trading strategy in the cryptocurrency market, particularly for traders looking to capitalize on short selling HYPE.

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