Crypto, Bitcoin and Stock
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Robinhood has listed the viral Moo Deng (MOODENG) and Cat in a Dog’s World (MEW) memecoins, sending their prices through the roof.
Robinhood lists Solana-based meme coins MOODENG and MEW, triggering a price surge alongside some community backlash.
Moody's US credit rating downgrade spooked Bitcoin, but not for long. According to HSBC, the recent trade truce between Washington and Beijing changed the game. It has permanently raised global risk appetite, allowing digital assets to flourish. Could the loss of the States' latest top rating stop the BTCUSD bulls? As it turns out, no.
Whale Inflows of BTC into centralized exchanges provide further proof. Three notable moves include a 1,500 BTC transfer (approximately $154 million) into Coinbase, and two 500 BTC transfers—together worth $103 million—into Robinhood. Such movements from private wallets into centralized exchanges typically indicate intentions to sell.
Robinhood is fundamentally strong and profitable, but its valuation is excessively high compared to peers, making it unattractive at current levels. Recent WonderFi acquisition and expansion efforts increase risk and dependency on crypto,
Robinhood said on Tuesday it will buy Canadian crypto firm WonderFi for C$250 million ($178.98 million), as the popular commission-free brokerage looks to expand its international footprint.
Robinhood filed a proposal with the SEC to create U.S. regulations for tokenized real-world assets like stocks or real estate.
Bitcoin (BTC-USD) forged to a new high on the 15th anniversary of the first commercial transaction that used the world's first cryptocurrency. The token rose as high as $111.7K Thursday morning. By 8:03 AM ET,