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“Robinhood reportedly owns one of the world’s largest Ethereum wallets, holding over 1.5 million ETH worth about $2.54 billion. In addition to Ethereum, the wallet also embraces over 100 other ERC-20 tokens valued at $177.1 million.”

The recently confirmed colossal Bitcoin wallet, worth over $3 billion, belongs to investment and trading platform, Robinhood, making them the third-largest Bitcoin holder, behind Binance and Bitfinex. This revelation comes amidst Robinhood’s reported drop in cryptocurrency trading volumes. Despite the silence maintained by Robinhood on this discovery, their substantial exposure to Bitcoin could significantly influence the crypto market’s future.

Robinhood is reported to control a single Bitcoin wallet with over $3 billion, ranking third behind Binance and Bitfinex in terms of Bitcoin holdings. Despite this, Robinhood experienced an 18% slump in crypto trading volume in Q2, creating questions regarding the ownership and acquisition of such vast wealth amidst declining trading volumes.

“Mantle, an Ethereum layer-2 network, has seen its native token MNT surge by 4%, outpacing other major layer-2 blockchains. The distinctive three-layer modular approach of Mantle, which was previously BitDAO, seems to be setting a market precedent. However, market superiority remains undecided due to fluctuating token prices.”

Cardano, Solana, and Polygon face potential selloff as Robinhood Markets and Celsius plan to liquidate their crypto holdings due to the US SEC lawsuits against Binance and Coinbase. This has caused backlash from the crypto community and impacted the performance of these cryptocurrencies.

The Shiba Inu price dropped 4% in the past 24 hours, possibly due to recent SEC actions against Binance and Coinbase. Whale activity in SHIB has surged, hinting at recovery as Shibarium’s layer-two network progresses, and the token maintains popularity among ERC-20 whales.

Investors in major tokens like Solana, Cardano, and Polygon witnessed price stabilization and recovery after facing significant losses during the weekend’s sudden sell-off. The tokens’ development foundations issued statements countering allegations from the US SEC, boosting investor confidence and contributing to the price recuperation.

MATIC tokens face a sharp price decline due to significant transfers among whales and institutions, Robinhood’s delisting announcement, and regulatory scrutiny. A massive transfer of MATIC tokens on exchanges like Binance and Coinbase suggests a possible coordinated sell-off, leading to a 29% drop in price within 16 hours.

A proposal submitted by lidomaxi aims to increase Lido’s native governance token, LDO’s utility by introducing staking, buyback programs, an insurance fund for Lido DAO, and a revenue-sharing parameter. This development could potentially revamp LDO, but concerns regarding complexity and impact on other token holders remain.

“Bitcoin’s dominance over other altcoins has reached a three-month high, resulting in uncertainty for altcoins and potential short opportunities for traders. Experts suggest that Bitcoin could climb towards $35,000-$40,000 if it breaches the $28,000 barrier. However, market stability remains relative, with every investment carrying a degree of risk.”

The digital asset market recently observed a significant increase, with product inflows reaching $78 million, marking the highest rise since July. A surge was also seen in exchange-traded products, growing 37% in a week. Bitcoin experienced a notable boost, while Ethereum’s growth remains slower. Surprisingly, altcoin Solana recorded substantial outflows, yet maintains popularity. Interestingly, a majority of last week’s inflows originated from Europe due to its clearer regulatory framework.

“South Korea’s virtual asset market recorded a buoyant performance in H1 2023, reaching a market cap of $21.1 billion, a 46% increase from last year. Crypto exchanges enjoyed an 82% rise in operational profits, supported by an 11% growth in deposits. However, daily transaction value and the number of crypto traders experienced slight decreases. New legislation promises to enhance transparency and security in the crypto trade, signaling the increasing legitimization of cryptocurrencies.”

“Bitcoin shows determination to climb back over the $28,000 limit, despite an initial drop following the release of robust U.S job figures. Anticipation of continued ascension within the primary uptrend is palpable, potentially triggering swift move back above $30,000, with an accelerated 7-8% gain.”

“After Ether futures-based ETFs debut, crypto analysis firm K33 Research suggests investors might need to shift focus from ETH to BTC due to underwhelming results. Despite excitement, the ETFs didn’t intervene with Ether’s ongoing value decline compared to Bitcoin.”

“Decentralized social media platform, Friend.tech has surpassed 10,000 ETH in revenue and 30,000 ETH total value locked (TVL). Despite early criticisms questioning its longevity and revenue model, the platform’s continuous growth asserts its increasing appeal. However, digital asset security remains a concern, with Q3 2023 losses nearing $700 million due to securities incidents.”

VanEck announced it will dedicate 10% of upcoming earnings from its Ethereum futures ETF to Ethereum’s core developers, via The Protocol Guild. Other crypto-communities including Lido Finance and Uniswap are also supporting the Ethereum network, with $12 million raised publicly so far.

Despite economic turbulence, Bitcoin is showing signs of strength, bouncing back to the $27k mark. Amidst this, Bitcoin Minetrix ($BTCMTX), the first stake-to-mine platform is attracting attention, offering retail investors a simplified entry into bitcoin mining and a unique wealth creation tool.

“Shiba Inu (SHIB) has faced a drop in trading value despite the introduction of the Shibarium network. However, its oversold state and below-average market indicators hint at a possible uptrend. Meanwhile, Meme Kombat (MK), leveraging meme popularity, hints at an era worth exploring in the crypto world.”

“Cardano’s price sees a humble growth, indicating a favorable bargain position with potential for significant growth. ADA’s support level shows stability, hinting the coin has bottomed out. Despite market conditions, ADA’s robust fundamentals and the growth of Cardano’s blockchain network indicate an upcoming increase in its price.”

“Wall Street Memes’ ICO presale, the largest meme coin rush yet, has collected nearly $30 million. This community-driven project aims to democratize investing, bolstered by a dedicated social community, and it’s engaging meme coin ecosystem. Potential endorsement by Elon Musk and a rumored Binance listing boosts anticipations, positioning Wall Street Memes as a potential wealth creation vehicle.”

“Bitcoin struggles to surpass the $27,000 resistance level, hinting at a possible bearish trend despite its formidable market capitalization. Its future trajectory could tilt upwards if it crosses the $27,050 hurdle, potentially aiming for $27,500. However, continued resistance might strengthen its bearish inclination.”

IMX, the native token of the ImmutableX NFT platform, surged by +30% overnight due to growing global interest in NFTs and high trading volume. Meanwhile, a new venture, Meme Kombat, is gaining attention by combining gaming with GambleFi on a decentralized blockchain, offering potentially lucrative rewards.

The latest buzz in crypto markets is Gold Coin, a new meme coin replicating ‘digital gold’. Since its CEX listing, it has experienced a +20,000% jump. Despite current price fluctuations, it has attracted a significant trading volume, signaling potential. However, caution is needed given the volatile nature of such tokens. A similar project, Wall Street Memes, has also gained attention with substantial early investments. Despite optimism around these cryptocurrencies, careful risk assessment is paramount in this unpredictable market.

Toncoin’s value recently surged by 44% following its integration with Telegram, reaching over 800 million consumers. Even amid retracement, Toncoin’s strong support base suggests potential for further growth, although downside risks are present. Investors are also watching Launchpad XYZ, an ecosystem lowering entry barrier to Web 3.0, but remembering that crypto investment carries significant risks.