Robinhood Goes Shiba Crazy, Buys 230 Billion SHIB In 24 Hours

On the widely-used trading platform Robinhood, Shiba Inu, frequently hailed as the “Dogecoin slayer,” has sparked a surge of enthusiasm within the cryptocurrency realm. In a remarkable turn of events, Robinhood amassed a staggering 231 billion tokens within a mere 24 hours, boldly proclaiming its presence in the crypto arena. This surge in popularity, according to crypto enthusiast Lola in her latest analysis, has catapulted SHIB to the coveted third position on Robinhood’s crypto podium, leaving established players like Litecoin and XRP trailing in its wake. Robinhood Stuffs More SHIB…

Singapore’s MAS cautions investors against buying spot Bitcoin ETFs

The Monetary Authority of Singapore has warned retail investors against buying spot Bitcoin ETFs following U.S. approval. The Monetary Authority of Singapore (MAS) has cautioned retail investors in the country against purchasing spot Bitcoin exchange-traded funds (ETFs) following the recent approval of such funds in the U.S. MAS, in response to inquiries from CNA, issued a cautionary statement for individuals considering engaging in the trading of these products in international markets, emphasizing that spot Bitcoin ETFs have not been approved as eligible assets for collective investment schemes (CIS). “Given this,…

Crypto Market Sentiment Positive Despite BTC’s Price Weakness, CoinDesk 20 Perpetual Futures Show

CoinDesk Indices, a subsidiary of CoinDesk, introduced the CoinDesk20 index on Wednesday. The CoinDesk 20 is a broad crypto market benchmark, representing over 90% of the total value. While bitcoin and ether (ETH) account for just over 50% of the index, other tokens like filecoin (FIL), stellar’s XLM, aptos’ APT, XRP, dogecoin (DOGE), and others make for the rest, making it an S&P 500-like gauge. Source

Bitcoin miners offload over 10,000 BTC in single day, largest drop in over a year

Bitcoin miners parted with more than 10,000 Bitcoin on Jan. 17, marking the largest daily decline in their reserves in over a year. The data, sourced from on-chain analytics firm CryptoQuant, indicates that miner reserves plummeted by 10,233 BTC representing an amount valued at approximately $450 million. Miners typically alternate between phases of hoarding and selling Bitcoin. A report from Bitfinex last year indicated that miners had been accumulating Bitcoin since mid-2023, when prices and profitability were less favorable. However, with recent months witnessing a rise in prices and profitability,…

Number of blockchain developers slid by 24% in 2023, data shows

According to Electric Capital, the overall number of crypto developers in 2023 decreased by 24%, while the number of newcomers dropped by over 50%. In a 180-page research report, crypto venture firm Electric Capital revealed that the overall number of monthly active crypto developers decreased by 24% from 29,611 in December 2022 to 22,411 in December 2023. Despite the overall decrease, the study indicates a steady growth in the number of blockchain developers who have been actively contributing to the space for more than one year. This subgroup has seen…

Will X Unleash The Doge? Users Eager To Embrace The Memecoin

DOGE (Dogecoin), the cryptocurrency propelled by internet memes, is gaining attention on Elon Musk’s X (formerly Twitter), as evidenced by a survey conducted by a leading Doge account. The community’s interest in integrating Dogecoin (DOGE) into the platform for payments and tips is apparent, reflecting a desire to move away from traditional fiat currencies. Related Reading: Shibarium Shatters Records: 2 Million Transactions In A Day – Details Doge In X: Regulatory Challenges Elon Musk has been a vocal supporter of Dogecoin, praising its transaction speed and suitability in comparison to…