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ARK Investment offers two crypto strategies for investment advisors

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ARK Investment, an investment firm led by Cathy Wood, recently partnered with digital asset platform Eaglebrook. The goal of the partnership is to develop effectively managed crypto strategies and make them available to registered investment advisors. According to the partnersTwo such strategies will be developed and made available in the near future. More than that, they will be available as SMAs (Separately Managed Accounts).

The companies have also noted that the aim of the ARK Cryptocurrency Strategy is to take advantage of the money revolution and make it a strategic allocation in well-diversified portfolios.

ARK’s CEO, Cathy Wood, stated that the strategies will be SMA designed to meet the needs of financial advisors, as well as wealth managers, and even their clients. They will offer direct ownership, portfolio reporting, low minimums, and many other benefits that will make it beneficial and rewarding for all clients.

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Moreover, the cooperation will allow ARK to further expand its services. In other words, it will make the company something more than just a place to trade ETFs.

Cryptographic Strategies Benefits

SMAs are portfolios created by investment firms and/or financial advisors, and intended for a single investor. On the other hand, ETFs are regulated differently, so that the investors get shares in the fund, rather than the underlying securities.

Meanwhile, the company’s largest fund, known as the Ark Innovation ETF, aims for long-term capital growth. To do so, it invests in some of the most disruptive innovation companies. At this point, it has $7.9 billion under management, according to its website, and is down 60.11%, according to data from September 30.

The S&P 500 also saw a sharp drop of 23.87%, while the price of Bitcoin even crashed by more than 58% in 2022. However, this did not discourage Wood, who is a major Bitcoin supporter. In fact, Cathy Wood is a firm believer that Bitcoin will reach $1 million by 2030. Whether or not this will happen, of course, remains to be seen.

On the other hand, the company’s crypto-asset analyst, Yassin El Mandjra, stated that speculative behavior has diminished significantly. I concluded that this is the moment that offers an attractive entry point for investors.

So far, ARK has sold more than 1.4 million Coinbase (COIN) shares across its three funds in July alone. This was also at a time when regulators were investigating the company on suspicion of insider trading, finding no evidence that this was actually the case. At the time, ARK was one of the largest shareholders in Coinbase stock.

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ETH/USD could reach the $1,200 support

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The Ethereum price prediction shows that ETH could be searching for a new low as the market price heads south.

Ethereum prediction stats data:

  • Ethereum price now – $1,229.55
  • Ethereum market cap – $150.7 billion
  • The circulating supply of Ethereum – 122.3 million
  • Total supply of Ethereum – 122.3 million
  • Ethereum Coinmarketcap Ranking – #2

ETH/USD market

Key levels:

Resistance levels: $1,700, $1,800, $1,900

Support Levels: $950, $850, $750

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Looking at the daily chart, ETH/USD It has been moving sideways for the past few days. Ethereum price is likely to create more bearish trends if it touches the $1,200 support. However, touching this support level could cause the second largest cryptocurrency to correct higher, but it is more likely to consolidate inside the channel before heading north.

Ethereum Price Prediction: What to Expect from Ethereum (ETH)

As can be seen from the daily chart, the Ethereum price It is likely to break below the daily low at $1,200 for more bearishness. Meanwhile, Ethereum price is currently hovering at $1229, in case it rises towards the lower boundary of the channel, the critical support levels at $950, $850, and $750 might be tested, and the technical indicator RSI (14) could remain below. 40 levels.

Conversely, ETH/USD could face the upper boundary of the channel or decline towards the $1,200 support. On the upside, the next major resistance is near the $1,500 level. But, the market price must reach the resistance levels at $1700, $1800, and $1900 to return to the positive zone. If not, there is a risk of more downsides down the channel.

When compared to Bitcoin, the daily chart shows that the price of Ethereum is between the 9-day and 21-day moving averages. If the price surpasses the 7500 SAT resistance level, then there is a possibility that additional benefits could be gained in the long run as the next resistance is near the 8000 SAT level. Therefore, if the price of the coin rises, it may break the potential resistance level of 9000 SAT and above.

ETHBTC – daily chart

Moreover, if the sellers bring the price below the 21-day moving average and head towards the lower boundary of the channel, the 7000 SAT support could be triggered before moving to the crucial support at 6000 SAT and below. The RSI (14) is moving to cross below the 50 level, which indicates a downward movement.

On that note, those who invest in Impact Token (IMPT) will be able to claim it from December 12, 2022. In order to do so, they will connect the wallets they used to initially purchase the tokens, and the token will be dropped into their wallets. Uniswap, LBank and Changelly Pro will also be listed IMPT To be traded, once the pre-sale has been completed. This environmentally friendly project is gaining momentum and nearly $15 million has been raised in the current IMPT pre-bid.

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but, Dash 2 Trading It aims to direct all trades to speculation more efficiently. This is because effective risk control standards are essential to build solid strategies to start winning trades. There’s a D2T preshow going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $9.5 million.

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Blockchain

Ankr posts $15 million to make users full as Helio stablecoin recovers after exploit

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Stablecoin Helio Protocol, which issues the HAY stablecoin pegged to the US dollar, He said In a Dec. 7 tweet, she said she had bought back $3 million worth of bad debt in HAY so far on the open market. The previous day, the blockchain infrastructure platform Ankr advertiser It will set aside $15 million to buy back bad debts generated from its recent exploitation and the resulting increase in HAY’s trading.

A series of seemingly unrelated incidents occurred on December 2 when a hacker tampered with vulnerabilities in Ankr’s smart contract code and compromised private keys following a technology upgrade. As a result, the hacker mined 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), which was tied to BNB (BNB), and dumped them, with the aBNBc price dropping to less than $2 from about $300.

However, one trader then took advantage of the alleged hard-to-coding of pegged prices between aBNBc and BNB on the Helio protocol. The trader bought 183,885 aBNBc with just 10 BNB and used it as collateral to borrow 16 million HAY, which was then exchanged for 15.5 million USD (BUSD), Achieving a profit of 5,209 times from their original capital.

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After the exploit, HAY lost its peg and fell as low as $0.20 per coin before recouping most of its losses to trade at $0.96 at press time. Immediately after the incident, the Helio team stated that it would buy back the excess HAY and send it to the copy address. Originally, users were able to mint HAY by depositing BNB as collateral of 152%. The total value of the protocol was about $90 million before the accident.