Today in Crypto, Robinhood’s plan to bring stocks into its new chain can divert liquidity from NYSE and other major exchanges, a Coinbase’s executive executive is thinking of a minimal possibility that the recent movement of $ 8.6 billion worth of bitcoin is the result of a hack.
Robinhood’s 24/7 tokenization push threatens NYSE revenues: Galaxy Digital
Robinhood plans to toryize stocks in the new Ethereum-Compatible Blockchain can move the trading volume From traditional exchanges such as NYSE, which prevents their basic revenues from trading bills and market data, according to Galaxy Digital.
At this week’s ETHCC conference, Robinhood CEO Vlad Tenev Detailed plans for “Robinhood’s chain,” a compatible with Ethereum Layer-2 in the orbit arbitrator. Blockchain will allow users to exchange tokenized derivatives of stocks directly to Onchain, moving asset trade out of traditional exchange time.
In a Friday report, Galaxy Digital said the relocation of Robinhood’s tokenization removes properties from traditional market channels and brings them onchain, directly challenging concentrated liquidity and activity that provides major Trade exchanges such as the NYSE of their side.
“It directly challenges the in -depth concentration of liquidity and activity that provides major exchanges of Tradfi (for example, NYSE) to their competitive advantage,” wrote Galaxy Digital.
‘Little Possibility’ $ 8.6B Bitcoin Transfer is a hack: Coinbase Exec
Conor Grogan, head of Coinbase’s product, said there was a slight chance of $ 8.6 billion Bitcoin value moved on Thursday – out of eight wallets held Bitcoin for more than 14 years – is caused by a hack, and if so, it can be the biggest robbery ever.
“If it’s true (again, I think of the straws here), it will be the farthest of the biggest heist in human history,” Grogan Says In an X post on Friday, after raising the slim chance that the $ 8.6 billion worth of Bitcoin moved from eight separate wallets was the work of evil actors.
“There is a little probability that $ 8B in the BTC recently woke up was to hack or compromise private keys,” Grogan said, pointing to a weakening of Bitcoin cash transaction made before significant Transfer on Thursday involving 10,000 Bitcoin at a time.
The movement of 14-year-old Bitcoin Sparks renews the rumors of Satoshi
Bitcoin Price (BTC) Slipped on US Independence Daymatching a massive whale moving coin for the first time for a decade.
The BTC/USD exchange rate refused almost 2%, falling under the key $ 108,000 level, according to Cointelegraph Markets Pro and TradingView data.
Onchain data showed that a Bitcoin OG, dormant for 14 years, moved half of their 80,000 BTC, likely with the intention of selling. If they do, the holder will return an initial $ 62,000 investment to nearly $ 4 billion.
Naturally, the reawakening of the address has caused rumors that can be attributed to the transaction Satoshi NakamotoThe pseudonymous creator of Bitcoin, which has disappeared more than a decade ago.
The coins move at a time when the Bitcoin corporate corporate adopting is rising. Industry data shows that 255 companies now hold A combined 3.47 million bitcoinAccounting for about 3.97% of total supply.
