Curious about the latest in the crypto world? Here's a roundup of today's key developments, encompassing Bitcoin's price, blockchain, DeFi, NFTs, Web3, and crypto regulation.
Jamie Dimon Takes Another Swipe at Crypto
Jamie Dimon, the long-time critic of Bitcoin and CEO of JPMorgan Chase, expressed his anti-crypto stance during a Senate Banking Committee hearing. Responding to questions from Senator Elizabeth Warren, Dimon stated that if he were in the government, he would "close it down." Despite his critical stance, JPMorgan Chase has actively engaged with blockchain technology, tokenization, and programmable payments.
ARK Invest Dumps Coinbase Shares for $33 Million Profit
ARK Invest, led by Cathie Wood, sold 237,572 Coinbase shares across its funds, reaping a profit of at least $33 million. The massive sell-off included 201,711 shares from the ARK Innovation ETF (ARKK), along with additional shares from the ARK Fintech Innovation ETF (ARKF) and the ARK Next Generation Internet ETF (ARKW). This substantial Coinbase sale is one of ARK's largest in 2023.
CME’s Bitcoin Futures Open Interest Nears Record High
The Chicago Mercantile Exchange (CME) witnessed a surge in Bitcoin futures open interest, reaching $5.2 billion, just $200 million shy of its late October 2021 all-time high. Over the past 30 days, CME's Bitcoin futures open interest increased from $3.63 billion to $5.20 billion, mirroring Bitcoin's 26% gain during the same period. Analysts suggest this uptick indicates renewed interest in Bitcoin, though specific trader positions won't be visible until CME releases its report on December 12.
