ARK Invest has begun cashing in on its stake in stablecoin issuer Circle just 11 days after the company’s debut on the New York Stock Exchange. The firm, led by well-known Bitcoin supporter Cathie Wood, sold 342,658 shares of Circle (CRCL) on Monday, according to a trade disclosure. The transaction was valued at roughly $51.7 million. ARK Invest Trims Circle Stake After 387% Post-IPO Rally The move marks ARK’s first reduction in its Circle position since acquiring shares during the June 5 IPO. On that day, ARK snapped up around 4.49 million shares, spending $373.4 million based on the closing price. Despite the recent sale, Circle remains one of the top holdings across ARK’s three major funds: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). Update: Cathie Wood's Ark Invest has sold off $51.7M in Circle shares as the stablecoin company's stock hits a new peak of $151.06. pic.twitter.com/8ZyKeXPAer — Crypto Jessica (@CryptoJessXBT) June 17, 2025 The majority of the trimmed shares came from ARKK, which reduced its holdings by nearly 196,000 shares. ARKW and ARKF followed, selling 92,310 and 53,981 shares, respectively. Combined, the sale accounts for about 7.6% of ARK’s original Circle position. Circle’s stock has surged since going public. It opened at $31 on June 5 and closed at $151.06 on June 16. That represents a 387% gain in less than two weeks. The stock hit an intraday high of $165.60 before easing by the close. At yesterday’s price, ARK’s remaining 4.15 million shares are now worth approximately $628 million, well above its initial investment. The timing of ARK’s partial exit coincides with Circle reaching record highs, suggesting a possible strategy to lock in early profits amid strong market enthusiasm. Still, the asset manager maintains substantial exposure to Circle. ARKK holds the largest slice, valued at $387.7 million and making up 6.6% of its portfolio. ARKW and ARKF follow closely, each holding over 6.7% of their portfolios in CRCL. Neither ARK nor Wood has commented publicly on the sale. However, the rapid rise in Circle’s valuation raises questions about whether ARK is simply securing gains or taking a cautious approach after a steep rally. Circle’s listing and the sharp increase in its stock price have brought renewed attention to tokenization and digital asset firms entering public markets. With this sale, ARK shows it’s willing to move quickly when the numbers align. Circle’s IPO Frenzy Draws Big Players as Shares Soar 160%—But Is the Momentum Sustainable? Circle Internet Financial, the issuer of USDC, made a blockbuster trading debut on the NYSE on June 5 , with shares opening at $69.50, more than doubling its IPO price of $31. The 124% surge marked one of the most dramatic post-IPO rallies of 2025, briefly pushing Circle’s valuation to over $8 billion fully diluted. The offering raised $1.05 billion, with 34 million shares sold , 14.8 million by Circle itself and the remaining 19.2 million from existing shareholders. It followed a last-minute upsizing of the deal from 24 million to 32 million shares, driven by overwhelming demand that saw books close more than 25 times oversubscribed. Major financial institutions were quick to back the listing. BlackRock is reportedly acquiring roughly 10% of the shares , strengthening its existing ties to USDC through its management of the stablecoin’s cash reserves. BlackRock is reportedly planning to purchase around 10% of the shares offered in @Circle upcoming IPO according to a Bloomberg report. #USDC #Circle https://t.co/yabSKAOV47 — Cryptonews.com (@cryptonews) May 28, 2025 Ark Invest also made headlines by revealing plans to buy up to $150 million worth of shares at IPO . The excitement comes after Circle’s months-long preparation for a traditional listing, following the SEC filing of its Form S-1 earlier this year. Citi and JPMorgan served as lead underwriters for the deal . However, with Ark Invest selling $52 million worth of shares just 11 days post-IPO, questions are already emerging over whether the rally was driven more by hype than fundamentals. Investors are now watching closely to see if Circle can sustain this momentum, or if the sell-off signals early doubts about its long-term growth story. The post ARK Invest Sells $52M in Circle Shares Just 11 Days After IPO—Profit-Taking or Red Flag? appeared first on Cryptonews .
The total value of Ethereum held by U.S. spot Ethereum ETFs has reached a new all-time high, and dominating the numbers is BlackRock. According to the latest on-chain data , U.S. spot Ethereum ETFs now hold a combined 3.91 million ETH ( ETH ) in assets under management (AUM), valued at approximately $10.56 billion. The rise in AUM follows a steady streak of net inflows in recent weeks, signaling strong and growing investor interest. Over the past 19 days alone, the funds have pulled in more than $1.37 billion in net inflows, accounting for roughly 35% of their total since inception. Although the streak briefly paused on June 13 with a modest $2.1 million outflow, overall momentum remains strong. You might also like: ETH jumps 8% on staking milestone and ETF Inflow spike, reclaims $2,700 Dominating the total AUM is BlackRock’s ETHA with 41% share of the total AUM, holding around 1.58 million ETH valued at $4.1 billion. Grayscale’s ETHE follows suit with 29.5%, while Grayscale Mini’s ETH and Fidelity’s FETH hold 12.8% and 12% respectively. BlackRock’s position as the largest holder reflects its consistent positive performance, often leading daily net gains across the ETF group. This echoes the similar success of its Bitcoin ETF IBIT, which recently became the fastest exchange-traded fund in history to surpass $70 billion in assets under management. In addition to the inflows, the asset manager has also been actively acquiring ETH in the past weeks, including a recent $50 million ETH purchase highlighted by analytics firm Arkham Intelligence. Meanwhile, Ethereum has been on a downward trend. The token is down approximately 3% over the past 24 hours, trading just above $2,500 at press time. ETH has dropped 11% from its monthly high of $2,869 and is down roughly 8% over the past seven days. Read more: Trump’s Truth Social joins ETF race with dual Bitcoin and Ethereum product
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Bitcoin could reach $220,000 according to a mathematical model. The Logarithmic Growth Channel model helps predict long-term cycles. Continue Reading: Bitcoin Thrives as It Approaches Exciting New Heights The post Bitcoin Thrives as It Approaches Exciting New Heights appeared first on COINTURK NEWS .
Bitcoin (BTC) fell below its 50-hour exponential moving average (EMA) this week and dropped to $105,552 as tensions in the Middle East escalated. The recent events, including Israeli airstrikes on Iranian military and nuclear facilities, sent risk assets lower, and markets are digesting the risk of a broader conflict. BTC, often regarded as a digital haven, declined 1.6% during the news cycle, underperforming gold and high-beta assets, such as tech stocks. BTC & ETH: THIS WILL GET MUCH WORSE!!!!! The situation in the middle east is heating up which is not great short term for bitcoin and crypto in general. Here is all you need to know! Watch now https://t.co/wTyyzStgqd pic.twitter.com/hWHKSeYe5V — Thomas Kralow (@TKralow) June 16, 2025 Gold went to new all-time highs, so investors are still treating BTC as a risk-on asset rather than a hedge. Major altcoins, such as Ethereum, Solana, and XRP, followed, and billions were wiped from the cryptocurrency market. ETF Inflows and Bitcoin Technical Support Catch the Fall Despite the sell-off, Bitcoin found support near $105,000 and bounced to $106,136 by June 17. The bounce was partly driven by institutional inflows into US spot Bitcoin ETFs, which saw over $1.3 billion last week, according to BitMEX. Technical indicators are mixed: BTC failed to hold above $107,790 Price is trapped in a broadening wedge MACD is negative RSI is neutral at 50 The 50-EMA at $106,671 is now acting as resistance, and bears are eyeing a deeper pullback to $104,633 and $102,861 if the price breaks below $105,000 on strong volume. Outlook: Will Bitcoin go to $95K or bounce above $112K? Looking ahead, Bitcoin’s next move depends on how the geopolitical narrative plays out. A sharp escalation in the Israel-Iran conflict could further damage risk sentiment and take BTC below $100K. The next major support is around $95,000, a key psychological and technical level. In response to Israel launching an airstrike against Iran, gold is up another $24 in early Asian trading, back above $3,410. Bitcoin, on the other hand, just tanked below $104.5K. Priced in gold, Bitcoin is now more than 15% below its Nov. 2021 peak. Bitcoin's failure to rise… — Peter Schiff (@PeterSchiff) June 13, 2025 If diplomacy prevails and ETF demand remains strong, Bitcoin could retest the 50-day EMA and aim for $108,993. A close above $112,000 would confirm a bullish trend and potentially open up the $120,000 level. Bitcoin Price Chart – Source: Tradingview Levels to Watch: Resistance: $106,671, $107,790, $108,993 Support: $105,000, $104,633, $102,861, $95,000 Trade: Below $105K and short to $104K with stop above $106K. Above $107,790 on volume and bullish. BTC Bull Token Nears $8.2M Cap as 58% APY Staking Attracts Last-Minute Buyers With BTC trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL) . The project has now raised $7,141,005.09 out of its $8,216,177 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering: The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering: No lockups or fees Full liquidity Stable passive yields, even in volatile markets This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL ’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates. The post Bitcoin Price Prediction: How a War Shock Could Trigger Bitcoin’s Next Pullback to This Level appeared first on Cryptonews .
BitcoinWorld Falcon Finance Unlocks Lucrative Stablecoin Yield for Kaia Blockchain and Line Users In a significant development for the decentralized finance (DeFi) space, particularly for users on the Line platform, a major crypto integration has been announced. Falcon Finance, known for its work on next-generation synthetic dollar protocols, is joining forces with Kaia, an EVM compatible layer-1 blockchain. This partnership aims to introduce innovative stablecoin yield solutions directly to Line users, opening up new avenues for earning potential within the blockchain ecosystem. What is Driving This Key Crypto Integration? The news was shared by Andrei Grachev, a managing partner at Falcon Finance, via a post on X (formerly Twitter). The core of this collaboration is to leverage the strengths of both platforms. Falcon Finance brings its expertise in creating and managing synthetic dollar protocols, which are crucial for generating sustainable and potentially high stablecoin yield . Kaia provides the underlying infrastructure – a robust, EVM compatible layer-1 blockchain that ensures scalability, security, and interoperability with the broader Ethereum ecosystem. This integration is particularly noteworthy because it targets Line users. Line, a popular messaging and services platform, has been increasingly exploring blockchain and web3 technologies. By integrating with Kaia, which is closely associated with Line’s blockchain initiatives, Falcon Finance gains direct access to a large and engaged user base, potentially onboarding many new individuals into the world of DeFi and stablecoin yield farming. How Does Falcon Finance Deliver Stablecoin Yield? Falcon Finance specializes in synthetic dollar protocols. In simple terms, a synthetic dollar is a digital asset designed to maintain a stable value relative to the US dollar, similar to a traditional stablecoin like USDT or USDC. However, synthetic protocols often employ different mechanisms, sometimes involving collateralization or algorithmic strategies, to achieve this stability. The yield generated by such protocols typically comes from various DeFi activities supported by the protocol’s design. This could include: Lending the synthetic dollars on money markets. Providing liquidity in decentralized exchanges (DEXs). Staking the protocol’s native tokens or synthetic assets. Utilizing sophisticated yield-farming strategies across different protocols. By bringing these capabilities to the Kaia blockchain , Falcon Finance is essentially porting its yield-generating engine to a new, potentially high-growth environment. This expands the reach of Falcon Finance’s offerings and provides Kaia users, including those coming from the Line ecosystem, with direct access to structured stablecoin yield opportunities. Why is Kaia Blockchain a Suitable Partner? Kaia’s choice as the integration partner is strategic. As an EVM compatible layer-1 blockchain, it offers several advantages: Interoperability: Being EVM compatible means that smart contracts and tools developed for Ethereum can be easily deployed or adapted on Kaia. This lowers the barrier for protocols like Falcon Finance to integrate. Developer Familiarity: A large pool of blockchain developers are familiar with the EVM and Solidity, making it easier to build and maintain applications on Kaia. Ecosystem Potential: Kaia aims to build a vibrant DeFi and Web3 ecosystem. Integrating a protocol focused on stablecoin yield is a fundamental step in attracting liquidity and users. Line Connection: Kaia’s strong ties to the Line platform provide a direct pipeline to a massive user base eager to explore blockchain applications. This synergy between Falcon Finance’s yield expertise and Kaia’s EVM compatible infrastructure forms the bedrock of this promising crypto integration . What Benefits Can Line Users Expect? For Line users, this integration could be a gateway to previously inaccessible DeFi opportunities. The primary benefit is access to potentially attractive stablecoin yield on assets that are designed to be stable. This contrasts with the high volatility often associated with holding other cryptocurrencies like Bitcoin or Ethereum. Key benefits for Line users facilitated by this crypto integration include: New Earning Opportunities: A simple way to potentially earn returns on stable digital assets within the Kaia ecosystem. Diversification: Adding DeFi yield strategies to their potential crypto portfolio. Accessibility: Accessing these opportunities through platforms or interfaces built on the Kaia blockchain , potentially integrated within the Line ecosystem itself. Reduced Volatility Risk (Relative): Earning yield on stablecoins typically exposes users less to price fluctuations compared to earning yield on volatile assets, although risks inherent to DeFi protocols still exist. The collaboration aims to make participating in DeFi yield generation more straightforward and accessible for a broader audience, leveraging the user-friendly nature often associated with platforms targeting mainstream adoption. Are There Any Challenges or Risks? While the prospect of earning stablecoin yield is attractive, it’s crucial to acknowledge that DeFi and blockchain integrations come with inherent risks. Potential challenges and risks associated with this integration on the Kaia blockchain could include: Risk Category Description Smart Contract Risk Vulnerabilities in the code of Falcon Finance’s protocols or Kaia’s infrastructure could lead to loss of funds. Yield Strategy Risk The specific strategies used by Falcon Finance to generate yield might underperform or fail, resulting in lower-than-expected or zero yield, or even principal loss in extreme cases. Peg Risk While designed to be stable, synthetic dollars or stablecoins can potentially lose their peg to the underlying asset (USD) under certain market conditions or protocol failures. Platform Risk Risks associated with the Kaia blockchain itself, such as network congestion, security breaches, or downtime. Regulatory Risk The evolving regulatory landscape for stablecoins and DeFi could impact the operation or accessibility of these services. Users should always conduct their own research (DYOR) and understand the mechanisms and risks involved before participating in any DeFi yield-generating activity. What’s Next for This Crypto Integration? The announcement marks the beginning of this collaboration. The next steps will likely involve the technical deployment of Falcon Finance’s protocols onto the Kaia blockchain , followed by the rollout of specific stablecoin yield products or services accessible to users. Details regarding the specific yield strategies, the types of synthetic dollars available, and how Line users can access these opportunities are expected to be released as the integration progresses. This partnership represents a tangible step towards bringing sophisticated DeFi tools to a wider audience through established platforms like Line and emerging networks like Kaia. The success of this crypto integration will likely depend on the ease of access for users, the competitiveness and sustainability of the yield offered, and the overall security and reliability of the integrated systems. Summary: Unlocking Potential on the Kaia Blockchain The integration between Falcon Finance and the Kaia blockchain is a significant development poised to deliver innovative stablecoin yield solutions to Line users. By combining Falcon Finance’s expertise in synthetic dollar protocols with Kaia’s robust, EVM compatible layer-1 infrastructure, this crypto integration aims to make DeFi yield generation more accessible and attractive. While potential benefits like new earning opportunities are clear, users should remain aware of the inherent risks in the DeFi space. This collaboration highlights the ongoing trend of bringing advanced crypto functionalities to mainstream platforms, potentially onboarding a new wave of users into the decentralized finance world. To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin yield and institutional adoption. This post Falcon Finance Unlocks Lucrative Stablecoin Yield for Kaia Blockchain and Line Users first appeared on BitcoinWorld and is written by Editorial Team
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