Asian Tech Press (OCT 13) -- Cathy Wood's Ark Invest cut its holdings in Coinbase for the first time, selling more than 98,000 shares worth about US$25 million. After bitcoin rose to a five-month high, Coinbase shares rose as well.

The largest U.S. cryptocurrency exchange shares jumped nearly 6 percent during trading Monday to $262.91 but closed with a narrower gain of 3.3 percent at $256.50. Bitcoin topped $57,000,000 at one point on Monday but retreated on Tuesday.