Coinbase Takes a Hit: Supreme Court Ruling and Ark Invest Dump Send Shockwaves Through Crypto Markets
Coinbase's stock got double-tapped this week—first by a brutal Supreme Court decision, then by Ark Invest's latest sell-off. Here's why traders are scrambling.
The legal gut punch: The Supreme Court just handed down a ruling that could kneecap crypto exchanges' legal defenses. No details yet, but the market's already pricing in pain.
The institutional exodus: Cathie Wood's Ark dumped another $XX million in COIN shares this week—their third major sale this quarter. When the biggest bulls start retreating, retail investors notice.
Silver lining? This might just be Wall Street's latest excuse to shake out weak hands before the next bull run. After all, nothing makes financiers happier than buying back assets at a discount after they've scared everyone else into selling.
