Web Stories Tuesday, November 3
ARK Invest Buys M in Coinbase, Circle, Sells Bullish

Cathie Wood’s ARK Invest is buying Coinbase and Circle shares as crypto stocks fall, while cutting its stake in crypto exchange operator Bullish.ARK purchased crypto exchange Coinbase (COIN) shares worth an estimated $9 million and stablecoin issuer Circle (CRCL) shares worth $8 million on Friday and Monday, according to its…

Australia Hikes Rates to 18-Year High as AI Fuels Inflation

Australia’s central bank raised its interest rate by 25 basis points to 4.85% on Tuesday, warning that inflation would stay elevated through much of 2027 as energy costs and AI-related investment added to price pressures.The Reserve Bank of Australia’s monetary policy board voted 6–3 for the increase, with three members preferring to hold rates at 4.60%.The bank pushed back its forecast for inflation to return to the top of its 2% to 3% target range…

United States

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South Korea Urges More Cold Storage After Binance Hack

South Korea’s Financial Services Commission has urged domestic crypto exchanges to increase the proportion of assets held in cold wallets after the $6.3 billion attack on Binance last week. In a statement Monday, the FSC said it held an emergency meeting with the Financial Supervisory Service, the Financial Security Institute, the…

Lifestyle

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