Hedera rejoins Coinbase 50 as Hedera rallies on rising volumes

Ark Invest has made a significant investment by purchasing $16.5 million worth of Coinbase stock, marking its largest acquisition of Coinbase shares since August 1. This move comes amid a challenging environment for cryptocurrency stocks, which have been under pressure recently.

Ark Invest, led by Cathie Wood, has made significant purchases of stocks from Block, Circle, and Coinbase as the cryptocurrency market faces renewed pressure due to tightening liquidity and a decline in investor risk appetite. This strategy reflects a belief in the long-term potential of these blockchain companies despite current market challenges.

Hedera's native token, HBAR, has risen by 1% to surpass the critical resistance level of $0.143, driven by institutional accumulation as the launch of futures approaches. This increase follows a period of volatility where HBAR faced significant downward pressure, including a recent drop below $0.1373.

HBAR price is exhibiting early signs of a potential trend reversal, forming a bull flag above key support at $0.12, supported by increased trading volume. This development suggests a shift in market sentiment towards a more bullish outlook for HBAR.

Monad (MON) successfully launched its Layer 1 blockchain, resulting in an 80% surge in its token price within 24 hours, making it the top performer among the top 100 cryptocurrencies by market capitalization. The token reached an all-time high of $0.045 after a challenging token sale that raised $95 million of a $187 million target.

Coinbase Ventures has announced nine investment priorities for 2026, focusing on areas such as real-world asset perpetuals, specialized exchanges, DeFi composability, and AI-driven development tools. This strategic move aims to position Coinbase at the forefront of emerging trends in the cryptocurrency sector.

Khurram Dara, a former lawyer for Coinbase, has announced his candidacy for New York Attorney General, challenging the incumbent Letitia James, who has held the position for several years. Dara's campaign is characterized by his criticism of James's regulatory approach towards the cryptocurrency industry, which he claims amounts to 'lawfare.'

Khurram Dara, a former lawyer for Coinbase, has announced his candidacy for New York Attorney General, challenging incumbent Letitia James, who has maintained a strong position in the office for years. Dara's campaign is marked by his criticism of James's approach to cryptocurrency regulation, which he describes as 'lawfare' against the industry.