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Cathie Wood’s Circle shares have been sold off in massive amounts, and it’s creating quite a stir right now. Ark Invest dumped another $44.76 million worth of Circle Internet Group Inc. stock on Tuesday, and this comes just one day after their $51.7 million divestment on Monday. This Circle stock sell-off totaling $96.5 million highlights the ongoing crypto market volatility that’s been affecting institutional investors, and it also shows how crypto regulatory risks are influencing Cathie Wood’s crypto investment decisions at the time of writing. Also Read: Circle and Matera Join Forces to Power Global Stablecoin Use How Cathie Wood Circle Shares Sell-Off Reflects Crypto Market Risks Source: Forbes The Double Sell-Off Details Cathie Wood’s team executed the massive sell-off of Circle shares across three different Ark ETFs on Tuesday, and the numbers are quite significant. The ARK Innovation ETF (ARKK) got rid of 208,654 Circle shares, while the ARK Next Gen...

Hindenburg recently released a report analyzing how inflated user metrics and “frictionless” fraud facilitation enabled Block insiders to cash out over $1 billion. The research-led hedge fund published its report after a two-year investigation. It alleged Block for “systematically” taking advantage of the demographics it claimed to be helping. According to Hindenburg , “The “magic” behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as a revolutionary technology, and mislead investors with inflated metrics.” Now, a recent Bloomberg report brought to light that Dorsey’s fortune shrunk by $526 million on Thursday, March 24. This marked his “worst single-day decline” since May. In fact, according to the Bloomberg Billionaires Index, he is now worth only $4.4 billion post the 11% drop. Dorsey reportedly has most of his “personal fo...