Cathie Wood’s ARK Invest Snaps Up $45M in Robinhood Stock

Cathie Wood’s investment firm ARK Invest was quick off the mark to purchase 1,297,615 shares of Robinhood as the company went public on Thursday.With Robinhood's stock closing its inaugural trading session on the Nasdaq at $34.82, this makes the purchase worth more than $45.1 million. According to data disclosed by ARK Invest, this was also the company’s largest purchase of the day across all six actively managed exchange-traded funds (ETFs), with the shares going to the ARK Innovation ETF (ARKK). What is Robinhood? Robinhood is a popular trading app which

Ark’s 1 Million Token Grant Fund Drives Community Innovation

Interoperable blockchain project Ark (ARK) designated one million ARK valued at roughly $150,000 toward its new development grants program on March 24.While the grant program was launched one week ago, Ark’s Strategic Partnerships Manager, Ray Alvarez, told Cointelegraph that it has already received proofs-of-concept from developers.The program exclusively funds “proposals involving technical deployments and usage of [the] ARK technology stack.”The applications include standalone applications and plugins, including development contributing to Ark’s decentralized private messaging application, desktop wallet, and transaction plugins.In addition to sparking development for specific applications, Alvarez states that