Wolfe Research warns of ‘acute’ Q3 slowdown in Robinhood’s DOGE growth
“Robinhood’s ascent inside crypto is nothing short of remarkable,” Wolfe Research’s Steven Cubak warned in an investment note this week, “but the outsized contribution from Dogecoin simply cannot be ignored.” According to Robinhood’s Q2 figures, crypto trading accounted for 41% of the company’s income, and more than 60% of the app’s funded accounts traded crypto […]
Reddit gains $4B valuation from new funding
Steve Huffman, co-founder and chief executive of Reddit, commented on the company’s recent investment round, which valued the company at $10 billion. Since its most recent investment round in February, the popular social media platform Reddit has seen its market capitalization increase by $4 billion. Six months ago, the company raised $250 million in Series […]
Altcoin Market: ICP rises nearly 30%, DOGE, UNI, and DOT surge
Will ICP recapture some of its former value? Ethereum may be enjoying the spotlight after a major network upgrade—it recrossed the $3,000 threshold today just days after the London Hard Fork went live—but that hasn’t stopped other altcoins from surging likewise. Dfinity’s Internet Computer Project token grew 26% overnight to hit $57, while many more […]
Oscar Mayer sells one-off pack of ‘Hot DOGE’ Wieners on Ebay
In an online auction, Oscar Mayer is selling a one-of-one pack of “Hot Doge Wieners,” which has already received bids totalling $3,050. An auction for a one-of-a-kind pack of “Hot Doge Wieners” is being held on Ebay by the American manufactured meat company Oscar Mayer. In addition to the “cash equivalent” of 10,000 Dogecoin, the […]
‘The Crypto Space is not user-friendly’ – Jackson Palmer
Co-founder of Dogecoin Jackson Palmer has addressed the cryptocurrency sector as a ‘right-wing hyper-capitalist’ tech system. He also stated that the industry is controlled by a “powerful cartel of wealthy individuals”. In a vitriol-filled Twitter thread on Wednesday, Jackson Palmer, the co-founder of the memecoin DOGE, blasted the whole crypto sector and its investors. Palmer, […]