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Nov 15, 2024 | 
ark-invest.com | David McGlynn focuses |David Puell
During its halving, bitcoin’s mathematically-metered supply—or “issuance”—is cut in half. The halving has occurred roughly every four years since bitcoin’s inception during the Global Financial Crisis. Past halvings have taken place during the early stages of bitcoin bull markets. On April 19, however, bitcoin’s fourth halving led to a choppy market, until recently.
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Oct 15, 2024 | 
ark-invest.com | Lorenzo focuses |David McGlynn focuses |Tasha Keeney |Lorenzo Valente
In early September, the stablecoin supply ratio oscillator (SSRO), a metric used to assess bitcoin’s potential purchasing power, became extremely “oversold” (-2.27), hitting lows last seen near the bottom of the bear market in 2022, as shown below. Note: The Stablecoin supply includes USDT, TUSD, USDC, USDP, GUSD, DAI, SAI, and BUSD. Source: ARK Investment Management LLC, 2024. Chart data from Glassnode. Information as of September 30, 2024.
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Aug 9, 2024 | 
ark-invest.com | David McGlynn focuses |Dan assists Cathie |David Puell |Dan White
Considering the market’s fast pace of change, ARK publishes The Bitcoin Monthly, an earnings report that details relevant on-chain activity and showcases the openness, transparency, and accessibility of blockchain data. Topics Addressed in The Bitcoin Monthly July 2024 Report include:Market SummaryBitcoin Appears Oversold And UnderwaterYen Reversal And Recession Signals Activate Macro TurmoilWe hope you find this commentary useful.
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Aug 4, 2024 | 
ark-invest.com | Nemo focuses |David McGlynn focuses |Nemo Marjanovic |Tasha Keeney
During the Bitcoin Nashville conference on July 27, Wyoming Senator Cynthia Lummis introduced the BITCOIN Act of 2024—Boosting Innovation, Technology, and Competitiveness Through Optimized Investment Nationwide Act of 2024—proposing a Bitcoin Purchase Program for a Strategic Bitcoin Reserve that could position the United States as a pioneer incorporating digital assets into its national reserves strategy.5 The bill proposes that the ~200,000 bitcoins confiscated by the US government after the...
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Jul 14, 2024 | 
ark-invest.com | Nemo focuses |David McGlynn focuses |Nemo Marjanovic |David Puell
Last week, Tesla pushed its Cybercab announcement from August 8 to October, perhaps to give its design team time to complete work or to align the event with a software upgrade and the launch of a geography for its pilot ride-hail network. Tesla isn’t the first contender to tout a robotaxi-specific design. Waymo, Cruise and Zoox, for example, have revealed renderings without steering-wheels and prototypes supporting robotaxi operations without drivers.
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Jun 17, 2024 | 
ark-invest.com | David McGlynn focuses |Nicholas Grous |Tasha Keeney |Sam Korus
In 2017, a paper titled "Attention is All You Need" introduced the transformer architecture that catalyzed the large language model renaissance and spurred excitement in both the technology and financial markets.10 While remarkable in many ways, AI transformers rely on a computationally expensive mechanism called “attention” to relate each token—nearly a word-sized chunk of text—to all other tokens in a passage.
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May 13, 2024 | 
ark-invest.com | David McGlynn focuses |Brett Winton |Tasha Keeney |Daniel C. Maguire
On April 19, the Bitcoin community celebrated Halving Day.9 At the beginning of April, the network produced 900 bitcoin on average per day, increasing supply at an annual rate of 1.8%. Post-halving, the network produces only ~450 bitcoin on average per day, increasing supply at an annual rate of ~0.9%. By the end of April, miners had minted 93.7% of all the bitcoin that ever will be produced, as shown below. Source: ARK Investment Management LLC, 2024. Chart data from Glassnode.
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Apr 12, 2024 | 
ark-invest.com | Yassine focuses |David McGlynn focuses |Dan assists Cathie |Lorenzo focuses
Considering the market’s fast pace of change, ARK publishes The Bitcoin Monthly, an earnings report that details relevant on-chain activity and showcases the openness, transparency, and accessibility of blockchain data. Topics Addressed in The Bitcoin Monthly March 2024 Report include:Market SummaryBitcoin Digests Profit-TakingFiat Currency And Other Metrics Challenge The Market NarrativeWe hope you find this commentary useful.
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Mar 15, 2024 | 
ark-invest.com | Yassine focuses |David McGlynn focuses |Dan assists Cathie |Frank Downing
Considering the market’s fast pace of change, ARK publishes The Bitcoin Monthly, an earnings report that details relevant on-chain activity and showcases the openness, transparency, and accessibility of blockchain data. Topics Addressed in The Bitcoin Monthly February 2024 Report include:Market SummarySpot Bitcoin ETF Balances Increase, As Does Bitcoin VolatilityIs Bitcoin's Safe-Haven Appeal Increasing? We hope you find this commentary useful.
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Mar 4, 2024 | 
ark-invest.com | David McGlynn focuses |Andrew Duncan focuses |David Puell |Andrew Kim
Last week, Figure AI secured $675 million in funding at a valuation of $2.6 billion from Open AI, Microsoft, NVIDIA, ARK Invest,[iv] and other investors to support the deployment of its autonomous humanoid robot, Figure 01.
