Today’s Cryptocurrency News: Binance Hit with $4.3M Fine in Canada, Marathon Digital’s Stocks Skyrocket 184%

Welcome to Extreme Investor Network, where we bring you the latest updates and insights from the world of finance, trading, and Wall Street. Today, we’re diving into the latest news surrounding asset management giant WisdomTree and the cryptocurrency market.

WisdomTree has recently expanded its digital asset app, WisdomTree Prime, to New York, allowing users in 21 states to buy, sell, and hold Bitcoin, Ethereum, stablecoins, and gold tokens. This move comes amid internal strife within the company, as CEO Jonathan Steinberg faces pressure from shareholders over the firm’s push into crypto.

One of WisdomTree’s largest shareholders, Graham Tuckwell, has been vocal in his opposition to Steinberg’s aggressive decentralized finance (DeFi) initiatives, calling them a “massive distraction and utterly unsuccessful.” Tuckwell, chairman of ETFS Capital, became a major WisdomTree shareholder in 2018 and has urged investors to vote against Steinberg’s reappointment.

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Despite the internal turmoil, WisdomTree’s entry into the cryptocurrency market has been relatively successful. The company first ventured into crypto in 2019 with the launch of a Bitcoin exchange-traded product in Switzerland. This year, WisdomTree became one of the issuers of spot Bitcoin ETFs in the US, with its fund attracting around $70 million in inflows.

In contrast, top exchanges have seen a decline in trading volume in April. This trend highlights the dynamic nature of the cryptocurrency market and the need for investors to stay informed and adaptable in their trading strategies.

Stay tuned to Extreme Investor Network for more updates on the stock market, trading, and the latest trends in finance. Don’t miss out on valuable insights and expert analysis to help you navigate the ever-changing world of investments.

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