Cathie Wood's ARK Fintech Innovation ETF has sold its investment in Coinbase for $13.5 million. Earlier this month, ARK had acquired over $20 million worth of COIN shares. While COIN's announcement of its expansion into Brazil caused a rally, the stock is still lower compared to 2022. The sale of the investment in Coinbase was made on Tuesday by ARK Investment Management.

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 139 points or 0.24% at 58,214.59, and the Nifty was up 44.40 points or 0.26% at 17,151. 📊Among sectoral, Nifty Pharma (⬆️1.04%) turned out to be the best performer while Nifty Metal (⬇️ 0.04%) saw considerable selling.

VST Tillers Tractors' shares surged 18.5% to Rs 2,572 on the BSE on Wednesday, after the firm announced that it had produced a total of 500,000 power tillers from its Malur - Bengaluru plant in Karnataka. At 12.30 pm, the stock was trading 9% higher than its previous day's closing price of Rs 2,170.6.

IFC will invest $30 million (approximately Rs. 240 crore) to acquire a 5.6% stake in JK Tyre & Industries Ltd. The investment will be used to finance the growth of manufacturing capacities and the integration of advanced, resource-efficient technologies in the production of commercial and passenger car radial tyres, which offer improved safety and durability, according to a regulatory filing.

Bitcoin climbed above $28,000 on Wednesday in Asia, as the top 10 non-stablecoin cryptocurrencies rebounded. XRP saw the biggest gain, rising over 20% on expectations of a positive ruling in an SEC lawsuit. Meanwhile, US equities rallied on Tuesday after Treasury Secretary Janet Yellen reaffirmed support for troubled banks.

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The IFSCA has created a committee, led by former RBI executive director G Padmanabhan, to promote Indian startups to move their headquarters to India's GIFT City and make it a global Fintech hub. It will analyze the regulations, taxes, laws, and other factors that are influencing domestic startups. Some of the committee members include Nikhil Kamath, Dipesh Shah, Anjali Bansal and Lalit Keshre.

Senator Elizabeth Warren has expressed her worries about the possibility of "sham audits" being conducted on cryptocurrency firms. The Public Company Accounting Oversight Board (PCAOB), which is overseen and authorized by the US Securities and Exchange Commission (SEC), is funded by audited public firms. The Senate Banking Committee has been an advocate for greater regulation of the industry.

The total global wealth decreased by 10%, to $13.7 trillion. China has the most billionaires in the world, according to the 2023 M3M Hurun Global Rich List, with the United States and India following in second and third place, respectively. Together, China and the US make up 53% of the world's total billionaires, while India has 187 billionaires, a decrease of 28 from the previous year.

Late Rakesh Jhunjhunwala, the investor and market giant, will be posthumously awarded the Padma Shri in recognition of his outstanding contributions to trade and industry. He founded RaRe Enterprises, a private stock trading firm, in 1992 and established himself as one of India's richest and most successful stock market investors and traders, having entered the market when Sensex was at just 150.

The Texas legislature has introduced a bill aimed at attracting more Bitcoin-related businesses to the state while safeguarding the rights of BTC owners, miners, and developers. The bill seeks to provide legal protection for those engaged in Bitcoin activities, including the ability to store BTC in an unhosted wallet without state interference &immunity from censorship-resistant Bitcoin spending.

Korean singer and rapper G-Dragon is releasing an NFT collection on Wednesday called “Archive of PEACEMINUSONE,” which consists of 13,444 puzzle pieces that create a painting he made in 2016. Each NFT will be sold for 0.27 BNB ($88) on OpenSea. Holders of the NFTs may also receive concert tickets, early merchandise access, and physical certificates with autographs and drawings from G-Dragon.

The Global Surfaces IPO is quickly approaching, with a tentative value of ₹154.98 crore, and expected listing date of 23rd March 2023. In the lead up to the IPO's debut on the stock market, the grey market has become slightly optimistic about the public issue. The GMP on the issue has increased by ₹4 since Tuesday, and is currently at ₹19.

Shriram Finance has agreed to a 25-month bond with HSBC, which will allow them to cap their liabilities in the event of an interest rate increase after one year, while also taking advantage of any rate decreases. The bond will have a fixed 8.95% interest rate for the first 13 months and will be linked to one-year overnight indexed swaps (OIS) for the remainder of the term.

The board of Angel One Ltd has approved a fourth interim dividend of ₹9.60 per share for the FY 2022-23, causing the company's shares to rally by over 3% on Wednesday. The dividend will be paid on or before April 20, 2023 to those members whose names are listed on the Register of members or in the records of depositories as the beneficial owners of the shares as of March 31, 2023- the record date.