Cathie Wood bought shares of Coinbase, Rocket Lab, and Cerus on Tuesday. Coinbase has surrendered 20% of its value in the last two days as regulatory risks rise.
On Tuesday, the U.S. Securities and Exchange Commission sued Coinbase Global Inc (NASDAQ: COIN) for violating securities laws. Still, an HCW analyst remains bullish as ever on the stock.
Three Ark funds picked up roughly 420,000 Coinbase shares, taking advantage of the 12% dip in stock value.
In the wake of back-to-back SEC lawsuits, Binance CEO Changpeng Zhao had $1.4 billion slashed from his fortune, while Coinbase boss Brian Armstrong saw his net worth dip by $361 million.

5 Things to Know Before Markets Open

07:35am, Wednesday, 07'th Jun 2023
Falling Chinese exports could point to a global slowdown and all Tesla Model 3s now qualify for the federal electric vehicle tax credit. Here's what investors need to know today.
Cathie Wood's ARK Investment used Tuesday's regulatory-fueled selloff in Coinbase Global Inc.'s stock to scoop up more than $21 million worth of the cryptocurrency exchange's beaten-down shares.
In what appears to be confidence in Coinbase winning the legal battle against the US Securities and Exchanges Commission (SEC), Cathie Wood's Ark Investment Management has bought 419,324 Coinbase shar
Ark Investment Management LLC, led by Cathie Wood, has capitalised on Coinbase Global Inc (NASDAQ:COIN)'s recent stock slump amid US Securities and Exchange Commission allegations of unlawful operati
The biggest U.S. cryptocurrency exchange's long-running clash with regulators is coming to a head.

SEC Sues US-Based Crypto Exchange Coinbase

10:10pm, Tuesday, 06'th Jun 2023
The US Securities and Exchange Commission (SEC) filed a lawsuit against US-based cryptocurrency exchange Coinbase today.
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out f

Russell Takes Small-Caps +2.7% on the Day

07:16pm, Tuesday, 06'th Jun 2023
Apparently, what's potentially bad for the crypto market can be a boon for equities -- especially of the small-cap variety.
Mike Khouw, Optimize Advisors president, joins CNBC's Melissa Lee and the Options Action traders to talk Coinbase trades after the SEC sues Binance.
The SEC is suing Coinbase over alleged securities law violations. Boeing shares fall after new issues with the 787 Dreamliner raise concerns that deliveries could be slowed.
Markets rose modestly on Tuesday, June 6, 2023, as semiconductor and regional bank stocks gained.
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