"Ark Invest buys crypto stock dip" Nov 26, 2025

Today's blockchain and cryptocurrency news Ark Invest buys the dip on crypto stocks Bitcoin miner CleanSpark reports record revenue for FY 2025 amid broader AI shift South Korea's KakaoBank advances stablecoin initiative JPMorgan builds product off of IBIT. JPMorgan Chase shuts ShapeShift employee’s business account, says his personal account will be next. ###Gemini Card Disclosure: The Gemini Credit Card is issued by WebBank. In order to qualify for the $200 crypto intro onus, you must spend $3,000 in your first 90 days. Terms Apply. Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. This content is not investment advice and trading crypto involves risk. For more details on rates, fees, and other cost information, see Rates & Fees. The Gemini Credit Card may not be used to make gambling-related purchases. ### For 40% off your order, head to Udacity.com/DCR and use code DCR. Learn more about your ad choices. Visit megaphone.fm/adchoices

• 0:00Speaker 00

  We make predictions every single day about politics, pop culture, the economy, and the biggest stories making headlines. Kalshi, America's number one predictions market platform, lets you trade those predictions in a live market. Which actor will be cast in the next James Bond film? Callum Turner is currently trading at 61%, meaning $100 trade would pay out $147 if they take the role. On Kalshi, you're trading against peers in a live market, meaning there's no house. And as the probability changes, you can buy in and out of your position. Download Kalshi, use code DCR to get $25 when you trade $25. K-A-L-S-H-I. Kalshi, trade what's next. 18 plus only. Restrictions and eligibility requirements apply. Event contract trading involves risk and may not be suitable for all investors. Kalshi products are not available in all jurisdictions.

• 0:43Speaker 00

  Prices, values, and available markets may differ from those mentioned. For more information, see kalshi.com/regulatory.

• 0:49Speaker 01

  At Edward Jones, we believe rich is about taking care of what gives your life meaning. That's why your financial advisor personalizes your plan to help you preserve your progress and create something that lasts. Let's find your rich. Edward Jones. Member SIPC.

• 1:08Speaker 00

  Well, it's 8 a.m. Eastern, November 26, and this is your daily crypto report. Bitcoin is up slightly at $86,591. ETH is up slightly at $2,900. XRP is up 1% at $2.15.

• 1:22Speaker 01

  At Edward Jones, we believe rich is more than caring about the latest and greatest. It's also taking care of what gives your life meaning. That's why your dedicated financial advisor meets you where you are with personalized financial strategies that help protect what matters so you can preserve your progress while creating a path forward. The key to being rich is knowing what counts. Let's find your rich together. Edward Jones. Member SIPC.

• 1:52Speaker 02

  UKG is the workforce operating platform with unified HR, payroll and workforce management, built to solve the unique challenges of frontline work. Powered by People First AI and decades of labor data, UKG turns workforce intelligence into real-time decisions around staffing, pay, compliance and productivity, enabling every worker to confidently take action as work happens. Because when work works, everything works. Learn more at ukg.com/work. UKG, HR, Pay and Workforce Management.

• 2:22Speaker 00

  Well, CleanSpark reported $766 million in revenue for FY 2025, up 102% from last year. Net income hit $365 million compared to a $146 million loss in 2024. Adjusted earnings before interest, taxes, depreciation and amortization rose to $823 million from $246 million. CEO Matt Schultz said the company reached operating leverage and is shifting toward AI infrastructure alongside Bitcoin mining. CleanSpark passed 50 EHs in operational hash rate and used convertible debt and Bitcoin-backed credit to finance operations instead of ATM programs. In October, the company hired former Humane exec Jeffrey Thomas to lead its AI

• 3:06Speaker 00

  Data Center division, part of its broader pivot to high-performance compute. It's reviewing existing Georgia sites for AI conversion and exploring GigaCampus. Builds: CleanSpark raised $1.15 billion via zero coupon convertible notes, repurchased 30.6 million shares for $460 million and plans to use the rest for land, power and credit line repayment. As of September 30, the firm held 13,000 BTC worth $1.2 billion, $43 million in cash and $950 million in mining assets. Total assets were $3.2 billion with $2.2 billion in equity and $645 million in long-term debt. CleanSpark remains among the top 10 public BTC holders.

• 3:48Speaker 00

  Well, Arch Invest increased its exposure to crypto-related stocks on Tuesday, buying $13.5 million in Block, $7.6 million in Circle and $3.86 million in Coinbase across its ETFs, mainly Through the ARK Innovation ETF, RKK, ARK now holds $391 million in Coinbase 5%, $179 million in Circle 2%, and $85 million in Block. ARK also added $1.52 million in Bullish, $879,000 in Robinhood, and $2.8 million in its own ARK 21 Shares Spot Bitcoin ETF. These buys come amid a broader crypto market downturn. Block closed up 3% on Tuesday but is down 21% over the past month.

• 4:32Speaker 00

  Circle fell 4% and is down 51% month over month. Coinbase dropped 1% on the day and 30% over the month. The stock declines follow a broader crypto slide driven by thin liquidity and macro uncertainty. Bitcoin is trading at $87,948, down from its $126,000 high six weeks ago. Well, Kakao Bank has entered the development phase for a Korean one-peg stablecoin, according to a NewsPim report. The move follows earlier internal planning and is now reflected in job postings for blockchain backend developers with experience in smart contracts, token standards, and full node operations. The initiative is backed by a one-stablecoin task force formed with other Kakao Group financial units. Kakao Pay has also filed six copyright applications for stablecoin tickers,

• 5:18Speaker 00

  including PKR Dow and KRUP, signaling active development. Kakao Bank CFO Kwon Taehoon previously confirmed the bank is exploring digital asset issuance and custody. The stablecoin effort comes as rival tech giant Naver advances its own project through a merger between Naver Financial and Upbit, South Korea's largest crypto exchange. Kakao Pay reports 42 million members and 24 million monthly active users, while Naver Pay claims 30 million monthly users. Both firms aim to tap their massive user bases to scale in the digital finance space. The push aligns with newly-elected President Lee Jae-myeong's priority to grow Korea's one-backed stablecoin market in response to US-dollar stablecoin dominance. However, progress remains slow due to legislative delays

• 6:01Speaker 00

  and the Bank of Korea's insistence that only licensed banks can issue local stablecoins, a stance facing industry resistance. While JP Morgan has proposed a new structured note that gives investors Exposure to Bitcoin's price moves without directly holding crypto. The product uses BlackRock's iShares Bitcoin Trust ETF, iBit, which holds nearly $70 billion in assets. As the reference asset, here's how it works. A price for iBit will be set next month. If iBit is at or above that level in one year, the note is automatically called and investors receive a fixed 16% return. If iBit is below that level after one year, the note continues until 2028. If by then iBit is above JP Morgan's next benchmark price, investors get 1.5x returns with no cap.

• 6:43Speaker 00

  If it's down by less than 30%, investors get their principal back. If it's down more than 30%, they absorb the loss. The notes offer three potential outcomes. Fixed return if flat, upside exposure 1.5x if BTC rallies by 2028, and downside protection up to 30%. Losses beyond that are not covered. The notes are not FDIC insured or bank deposits. This is part of a broader trend as Wall Street ramps up structured crypto-linked products. Morgan Stanley recently sold $104 million worth of similar notes tied to IBIT, offering capped upside if the ETF rises or falls moderately, and full exposure to downside if losses exceed 25%. And finally, Houston Morgan said his business account,

• 7:26Speaker 00

  tied to Shapeshift's DAO structure, was frozen immediately. He estimates it held roughly $40,000, but said he cannot verify the exact amount because he no longer has access to statements. As part of Shapeshift's DAO operations, each work stream functions as its own entity. As head of marketing, Morgan maintained a business account for payments and contracts related to his work stream, he said. So I suppose a pseudo Shapeshift account, Morgan said, adding that he used it actively with 30/50 transactions a month. Morgan said Andre warned him during the call that his personal account will also be closed the following week. Because it had not yet been frozen, he was advised to move his funds out, which he did. Morgan said he has not yet heard of any other Shapeshift-related accounts being affected, but plans to ask colleagues during an upcoming internal meeting.

• 8:08Speaker 00

  Last week, Strike's mailers also said JP Morgan Chase had closed his accounts and rejected some deposits to Strike, telling customers the business participates in fraudulent activities. His case drew political reaction. U.S. Senator Cynthia Lummis of Wyoming said the closures show that Operation Choke Point 2.0 regrettably lives on, adding that such policies undermine confidence in traditional banks and send the digital asset industry overseas. The incidents come despite President Donald Trump's recent executive order directing federal regulators not to punish banks that work with crypto companies. JPMorgan Chase did not respond to the bloc's request for comment by publication time. That's all for us today. Visit us at DailyCryptoReport.io and listen to us everywhere else you podcast under Daily Crypto Report.

• 8:56Speaker 03

  U.S. democracy is being held together by duct tape. But what if the solution isn't more tape, but a fundamentally different design? Check out More Like Us, the new podcast for more equitable democracy, the award-winning racial justice organization focused on election reform, hosted by me, Colin Cole. Each episode, More Like Us provides smart, accessible conversations at the intersection of policy, culture, and democracy. Hear from the people reimagining our political future without the jargon or the lecture. So follow More Like Us wherever you get your podcasts.

• 9:27Speaker 01

  At Edward Jones, we believe rich is more than caring about the latest and greatest. It's also taking care of what gives your life meaning. That's why your dedicated financial advisor meets you where you are with personalized financial strategies that help protect what matters, so you can preserve your progress while creating a path forward. The key to being rich is knowing what counts. Let's find your rich together. Edward Jones. Member SIPC.