Robinhood accumulated $3B in Bitcoin in 3 months — What does this mean for markets?

    Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks. In a swift and intriguing turn of events, a previously enigmatic Bitcoin address managed to catapult itself to the esteemed position of the third-largest holder of BTC. As reported by Cointelegraph on Aug. 22, the…

    Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls

    Memecoins have come a long way from the early days of being joke cryptocurrencies. Memecoins, or meme cryptocurrencies, started as a cultural phenomenon with the launch of Dogecoin in 2013, inspired by an internet meme and a critique of the wild crypto market at the time. Dogecoin was developed by software developers Billy Markus and Jackson…

    Pepe’s sudden drop leaves whale 500k in the red

    A memecoin whale who purchased roughly $3 million worth of the Pepe token just days ago is now sitting on an unrealized loss of around $600,000. The price of new memecoin Pepe (PEPE) has plunged more than 42% only days after reaching its all-time high on May 6, leaving at least one investor with hundreds…

    Memecoin mania: Social relevance, speculation drives PEPE surge

    Memecoins are back in the headlines as PEPE booms, taking the market capitalization of speculative tokens over $20 billion. Memecoins have been part and parcel of the cryptocurrency space since the inception of Dogecoin back in 2013, with fortunes made and ruined in equal measure. But a new token on the block caused a stir in recent…

    Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios

    According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035. A Coinbase executive claims to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT that allows it to calculate the probability of bizarre crypto price scenarios. The crypto exchange’s head of business operations Conor Grogan,…

    Finder’s experts predict Dogecoin losing all its value

    A panel of crypto industry experts expects Dogecoin (DOGE) to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” experts said, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency. On July 27, price comparison portal Finder updated its Dogecoin (DOGE) price predictions. The…