News Sentiment
News Summary
The company reported a strong financial quarter with $1.9 billion in total revenue and $801 million in adjusted EBITDA. CEO Brian Armstrong announced a December product showcase event, teasing new products including a potential prediction market. Despite a 30% stock drawdown over the past month, Cathie Wood's ARK Invest made significant purchases totaling $16.5 million, its largest since August. The stock closed at $264.97, up 4.27% on the day, amid broader crypto market recovery. The company is also participating in UK regulatory sandbox testing for digital asset transparency.