Robinhood is a financial services company that operates an app and website known for offering commission-free trading of stocks, options, ETFs, and, notably, cryptocurrencies including Dogecoin ($DOGE ).

Founding and Business Model: Robinhood was co-founded by Vladimir Tenev and Baiju Bhatt in 2013. The company's initial aim was to democratize finance by making investing more accessible to the average person through a mobile app that offers zero-commission trading. This approach significantly disrupted traditional brokerage models.

Growth and Controversies: Robinhood gained immense popularity, particularly among younger investors, but it has also faced scrutiny. Notably, in early 2021, Robinhood restricted trading on certain stocks during the GameStop short squeeze, leading to public backlash and investigations into its practices. Despite controversies, Robinhood has continued to grow, expanding its offerings including into the cryptocurrency space.

Cryptocurrency Trading: Robinhood began offering cryptocurrency trading in 2018, initially with Bitcoin and Ethereum, and later expanded to include other cryptocurrencies like Dogecoin. Their platform allows users to buy and sell cryptocurrencies directly from their brokerage account but does not provide wallet addresses for these holdings, which means users don't have direct control over the private keys of their crypto assets.

Dogecoin Trading: Dogecoin, originally created as a meme cryptocurrency in 2013, saw significant interest and price spikes, particularly in 2021, fueled by endorsements from high-profile figures like Elon Musk and community-driven hype on social media platforms. Robinhood capitalized on this by adding Dogecoin to its trading platform, making it one of the largest venues for trading DOGE due to its user base and zero-commission model.

Speculation on Holdings: There has been speculation that Robinhood itself might be one of the largest holders of Dogecoin due to the way they manage customer assets. Since Robinhood does not provide wallet addresses for Dogecoin (or any crypto), they hold the cryptocurrency in their own wallets for all their users. This aggregation can lead to significant amounts of DOGE being stored in what are essentially omnibus accounts:

Evidence from Blockchain Data: Various reports and analyses, like those from blockchain analytics firms, have pointed to Robinhood being the likely holder of some of the largest Dogecoin wallets because the timing of transactions and wallet creation align with when Robinhood started supporting DOGE trading. For instance, one wallet believed to be linked to Robinhood held nearly 23.4% of the entire Dogecoin supply according to data from 2024.

Reasons for Holding Dogecoin:
Customer Demand: Robinhood holds Dogecoin primarily because of customer demand. When users buy Dogecoin on Robinhood, the platform must hold the equivalent amount in its own wallets to manage these user transactions.
Market Making: Like many trading platforms, Robinhood might also engage in market making to ensure liquidity for the crypto it lists. However, Robinhood's CEO, Vlad Tenev, has stated that they do not hold significant proprietary positions in the cryptocurrencies they offer.

Implications: The concentration of Dogecoin in a few large wallets like those potentially controlled by Robinhood has raised concerns about centralization in what's supposed to be a decentralized system. This concentration can affect the price and liquidity of Dogecoin, especially if these holdings are moved or sold in large volumes.

In summary, Robinhood's connection to Dogecoin is primarily through its trading platform where it acts as a custodian for customer assets without giving users direct wallet control, leading to speculation and analysis suggesting it might hold a significant portion of the Dogecoin supply.

$DOGE #MEME #MemeWatch2025 #Dogecoin

The meme token Chill Drone (CHONE), which recently launched, encountered a hacking attack that drained funds from both team and community wallets. Despite the setback, the token continues trading successfully and is stabilizing its position in the market.
CHONE Launched with a Major Setback
The Chill Drone project was introduced as an initiative to build a stress-free investment community centered around a drone meme. Unfortunately, during the token verification process on the Jupiter DEX platform, the team encountered a malicious link that led to the depletion of their wallet funds.
Phishing Scam Through Telegram
The Chill Drone team attempted to contact the Jupiter DEX aggregator through Telegram. They found a group with over 73,000 members, where one individual posed as a developer from the platform. This alleged developer provided the team with a harmful link, which drained all funds once their wallet was connected.

Project founder Adnaan described the situation:
"Before I realized what was happening, all the tokens in that account, along with those in linked wallets, were drained. It was especially heartbreaking because these funds also belonged to community members and family who trusted us."
Community Losses and Token Stabilization
The attack caused a drop in the CHONE token price as the hacker sold stolen tokens worth $60,000 in a single transaction. To restore stability, the team invested around $50,000 of their personal funds and began buying back the stolen tokens. These measures helped stabilize the market capitalization and regain community trust.
CHONE Continues to Grow
Despite the attack, the team remains committed to the project. CHONE has been verified and is now listed on CoinGecko. Trading resumed on January 13, with the community continuing to support the token.

The project founder stated:
"Many community members with a long-term vision bought back into the token, realizing it was trading at a ‘discount.’"
Hacker's Actions and Consequences
The hacker's wallet was created solely to drain CHONE tokens. The stolen funds were partially converted to SOL, leaving a final balance of $29,250 in USDC.
The Jupiter DEX platform later issued a warning to prevent similar scams and protect other projects.

The Future of Chill Drone
The CHONE project is focused on ecosystem development and rebuilding trust among investors. The team plans to create a community similar to Pudgy Penguins, including physical products and merchandise, while enhancing security measures.
With a current market capitalization of $1.12 million, CHONE’s community continues to grow, signaling potential for future success.

#CryptoSecurity , #BlockchainNews , #Web3 , #CyberSecurity , #MEME

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Recent market dynamics show that AI narratives have become the main liquidity attraction in the current market, and large exchanges such as Binance are taking full advantage of this trend by acquiring low-cap AI tokens to drive their prices up and make a lot of money after listing. The following is an in-depth analysis of Binance's potential operating model, as well as 6 AI low-cap projects that may soar this week.
How does Binance profit from AI tokens?
1. Strategic Token Acquisition and Promotion:
According to data analysis, Binance’s recently listed AI tokens such as $AIXBT (up 371 times) and $CGPT (up 215 times) are related to its strategic acquisition behavior.