Crypto Stocks

FBI Director Kash Patel is facing fresh criticism after reportedly waiting more than six months to disclose a six-figure purchase of Strategy shares. Watchdogs say the delay may run afoul of the STOCK Act and adds fuel to calls for tighter rules on federal officials trading individual stocks.

Ark Invest added more than $75 million in crypto-linked stocks in June as the sector sold off, reinforcing its buy-the-dip strategy. Coinbase, Circle and Bullish were the main beneficiaries even as Circle suffered a steep monthly decline.

BitGo jumped as much as 20% after approving a $50 million share repurchase program. The move comes as the stock still trades more than 65% below its January IPO price.

Bitcoin tumbled under $111K while Ethereum and altcoins saw sharp declines as U.S. GDP growth was revised higher, dampening Fed rate cut odds and sending crypto stocks tumbling.