BitMine Immersion Technologies, Inc.BMNR
Mentioned
Impact on stocks 3
Digital Finance & Tokenization▲ · 2 stocks
BitMine Immersion Technologies, Inc.
MicroStrategy IncorporatedMSTR
Mentioned
Industrials▲ · 1 stocks
Eightco Holdings Inc.ORBS
Mentioned
Theme Impact 2
Off-coverage companies 1
Beast IndustriesPrivate± Mixed
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Cathie Wood's ARK Sells $60 Million in Crypto Stocks Days Before SEC Innovation Exemption
Cathie Wood's ARK Invest sold roughly $60 million of crypto-linked equities into last week's regulatory-driven rally, including about $4 million in Bitmine and about $700,000 in Bullish, with the sales spanning Circle, Coinbase, Bitmine and Bullish plus a large slug of ARK's spot bitcoin ETF. Four days after those sales, the SEC unveiled a five-year Innovation Exemption that lets platforms trade tokenized U.S. equities without full exchange registration, and Coinbase jumped again. Coinbase closed at $194.25 on September 18, up 10.84% on the week and 21.25% on the month, but still down 43.39% over the past year, while its Q2 2026 revenue of $1.22 billion fell 18.5% year over year and missed consensus, with a GAAP loss of $1.36 per share against a $0.23 estimate. Coinbase's market share hit an all-time high of 10.3%, services revenue held at $555 million, or 48% of net revenue, and adjusted EBITDA was positive for a 14th consecutive quarter, while Strategy trades as a levered proxy on Bitcoin, which is down 29.03% year over year at $81,820.97, and miner MARA Holdings carries pure Bitcoin beta with none of Coinbase's subscription cushion. Prediction markets price the Clarity Act becoming law in 2026 at just 0.066, with the No outcome at 0.934, and Polymarket assigns a 0.555 probability of Coinbase leading in the U.S. on tokenized equities.
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Google and Apple Hire for Crypto Roles as Big Tech Embraces Tokenization
Google and Apple are both hiring for digital-asset roles, a sign that stablecoins and tokenization are becoming core expertise inside Big Tech. Google Cloud is seeking an architect in Hong Kong to help protocol foundations, exchanges and custodians tokenize real-world assets across Asia-Pacific, while Apple is filling an Apple Pay strategy lead role focused on Apple Card, Apple Cash and peer-to-peer payments. The listings follow Samsung's plan to build stablecoin features into Galaxy phones through Samsung Wallet. Separately, Kalshi is facing accusations of fake trading volume on its newly launched crypto perpetual futures, with analyst Benny flagging that Kalshi's Ether perp logged 539 million in 24-hour volume against just $3.1 million in open interest, a 174-to-1 gap, and pointing to repetitive $5,500 trades making up as much as 58% of daily volume; Kalshi's product lead pushed back, saying the numbers reflect maximum potential payout, not fake activity. MicroStrategy added 950 BTC for $75.7 million last week, its first purchase since late August, funded from the company's dollar reserve, which now sits at $5 billion, bringing its holdings to 846,000 Bitcoin bought for a total of $63.81 billion.
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Bitcoin Hits 8-Month High of $85,326 as $383 Million in Shorts Liquidated
Bitcoin climbed to an eight-month high of $85,326.10 on Sep. 21, its strongest level since late January, according to CoinGecko. The leading cryptocurrency gained 6% in 24 hours, lifted by forced buying from a short squeeze that liquidated roughly $383 million in Bitcoin short positions over the past day, per the onchain analytics platform CoinGlass. Across all cryptocurrencies, more than $781 million in positions were liquidated in the last 24 hours, of which $659 million were shorts. Ether rose 6% to $2,731.56 and XRP gained 7.8% to $1.48, while Hyperliquid's HYPE token hit a new all-time high of $95.99 after the decentralized exchange rolled out a loan feature allowing users to borrow USDC and USDT against HYPE or Bitcoin collateral. Strategy bought 950 Bitcoin for $75.7 million during Sep. 14-20 and now holds 846,000 BTC, while Bitmine Immersion Technologies bought 27,562 Ether last week and now holds 5,983,940 ETH. The rally followed the failure of the Senate cloture vote on the CLARITY Act and the Federal Reserve's first interest rate hike since 2023, after which the Trump administration made several pro-crypto moves, including the SEC's five-year Innovation Exemption for tokenized U.S. stocks, a CFTC no-action position for certain software developers, the House Ways and Means Committee's passage of the Digital Asset Tax Certainty Act, and the House Financial Services Committee's passage of the American Reserve Modernization Act of 2026 to create a strategic Bitcoin reserve. Bitcoin was trading at $84,999 at the time of writing, per Decibel.