Altcoin News Daily Official TheBitTimes.com

This week has been quite eventful in the crypto market. While Bitcoin and Ethereum struggled to maintain their new resistance levels, memecoins were bursting the charts with massive gains as high as 300% in 72-hour price charts. In the same vein, the market woke up to the news on March 11, 2024, that 332 billion Shiba Inu ($SHIB) tokens have been transferred to Robinhood.  While this particular transfer was unexpected, $SHIB whales have generally been very active in the market in the last 30 days. It’s possible that some of these whales had insider knowledge, or at the very least were able to predict that the meme market was on the verge of a big dump. While we speculate about what the transfer may indicate, the market is buzzing with excitement as $GFOX inches closer to its $5 million sales mark.  What’s the significance of the 332 billion SHIB transfer? The Crypto market was struck by the news of $SHIB’s massive token transfer. In...

Cathie Wood said she remains bullish on Bitcoin and Coinbase after the XRP lawsuit ruling. Wood explained on Monday that they are just taking profits and reallocating capital to other performing shares. She told Bloomberg that Ark Invest funds are starting to witness inflows as they started taking profits after buying at dips. advertisement Cathie Wood’s Ark Invest Offloads Coinbase and Tesla Shares According to transactions seen by CoinGape, Cathie Wood’s Ark Invest funds sold a total of 248,838 Coinbase (COIN) shares worth $26 million and 45,184 Tesla (TSLA) shares worth $13 million on July 17. Cathie Wood’s flagship fund ARK Innovation ETF (ARKK) sold 127,266 COIN shares, ARK Next Generation Internet ETF (ARKW) sold 44,784 COIN shares, and ARK Fintech Innovation ETF (ARKF) offloaded 76,788 COIN shares. COIN stock price closed 0.23% up at $105.55 on Monday amid profit booking by investors. COIN price hit a 52-hour high of $114.43 as stock pr...

Coincidently, Robinhood wallets which are many times linked to Elon Musk witnessed massive reshuffling of Dogecoin (DOGE) assets after the lawsuit. In fact, the timing of Dogecoin transfers during major events related to Elon Musk or Twitter raised questions among on-chain analysts. advertisement Elon Musk Accused of Controlling Many Dogecoin Wallets According to the lawsuit, Elon Musk and Tesla control multiple Dogecoin wallets. Investors allege Musk sold $124 million of DOGE tokens in April after he changed Twitter’s logo to Dogecoin’s logo. Elon Musk said the amendment of the lawsuit was unjustified. On May 26, U.S. District Judge Alvin Hellerstein stated that he would likely allow the third amended complaint, indicating that the defendants would not face prejudice. “DPDLB” tagged as Robinhood on BitInfoCharts is many times linked to Elon Musk, with analyst Lookonchain even sharing some evidence of why he thinks the wallet belongs to...

Robinhood Markets announced the launch of its new ‘Robinhood Connect’ service and numerous updates to its app. The launch of ‘Robinhood Connect,’ a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO — Robinhood (@RobinhoodApp) April 27, 2023 Positioned as a competitor to similar services such as Coinbase Pay and MoonPay, Robinhood Connect essentially allows users purchase and sell cryptocurrency directly to and from their self-custody wallet or natively in DApps using a credit or debit card. Robinhood Connect Features integration with Web3 projects as developers can embed the service directly into applications. This allows customers to access their Robinhood ...