Robinhood Chain has generated $816,000 in gross income since launching on July 1, with 89% captured by Robinhood, 10% by Arbitrum as middleware, and solely 0.15%, or $1,538, paid to Ethereum for settlement, which doesn’t sound nice. Robinhood Chain is an EVM-compatible Arbitrum-based layer-2 community that makes use of ETH as its native gasoline token,…
Long-time crypto dealer Ogle warned on July 13 that small meme cash with restricted liquidity can collapse inside minutes when just a few massive holders determine to promote. Pointing to current losses across the newest sensation in the house, CASHCAT, the market watcher reiterated the dangers in chasing fast-moving tokens, the place paper features can…
A hacker made off with over $135,000 after hijacking the X accounts of SpaceX and Starlink to promote a meme coin. The profiles have been used to shill a Robinhood-based token that briefly hit a $2 million market cap earlier than crashing to virtually zero. SpaceX and Starlink Fall Victim to Compromise Screenshots circulating on…
A Duke University finance professor, Campbell Harvey, has stated {that a} 51% assault on Bitcoin, lengthy dismissed as a theoretical train that will solely destroy worth for whoever tried it, has quietly grow to be one thing an attacker might revenue from due to at this time’s derivatives markets. However, many BTC supporters dismissed the…
South Korea’s KOSPI index fell 8.95% on July 13 after an intraday circuit breaker was triggered, with chipmaker SK Hynix dropping greater than 15%. The market shock has raised issues {that a} wider risk-off transfer might unfold into US equities and crypto belongings already dealing with stress from geopolitical tensions and weaker sentiment. KOSPI Crash…
It has been three years since Judge Analisa Torres delivered her landmark ruling that Ripple’s programmatic gross sales of XRP on crypto exchanges didn’t represent securities transactions. This determination stays probably the most essential authorized moments within the historical past of the business that had lengthy been vilified by regulators. Issued on July 13, 2023,…
Bitmine Immersion Technologies, the previous bitcoin miner turned huge Ethereum accumulator, continues to extend its altcoin publicity by snapping one other 30,567 tokens over the previous week. Its whole has grown to five.77 million cash, and the newest buy cements its place as the world’s largest company holder of Ethereum. Coming for five% Supply The…
After a brutal June, Bitcoin (BTC) has began July on a stronger notice, climbing about 7% from $58,000 to $64,000 in lower than two weeks. Amid what seems to be a modest restoration, Alphractal founder Joao Wedson noticed that Bitcoin’s provide distribution is more and more exhibiting long-term investor conviction. BTC Available Supply Shrinks According…
As analysts have predicted for July primarily based on historic knowledge, BTC is off to a robust begin. The main digital foreign money has rebounded from its most up-to-date low of $57,700 to $64,000, a main assist and pivot stage. According to the most recent CryptoQuant weekly report, bitcoin’s rebound might be attributed to July’s…
Kevin Warsh’s arrival on the Federal Reserve, renewed geopolitical tensions, and the AI funding growth have pushed shares, gold, and Bitcoin onto sharply completely different paths this 12 months, in accordance with a brand new report from crypto buying and selling agency BIT. The report argues that buyers are now not responding to a single…