Robinhood
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đ„đ„đ„ $XRP Targets $0.7231 as #Robinhood Relisting Fuels Triangle Breakout Chances
#Altcoinmarket Pauses as Bitcoin Holds at $58,700: Will XRP Breakout?
- The altcoin market enters a period of consolidation, with Bitcoin stabilizing near $58,700. Among altcoins, XRP is seeing notable shifts, driven by Grayscale's new fund launch and Robinhood's decision to relist the token.
XRP at a Critical Point: Is a Breakout Imminent?
- On the daily chart, XRP's recent price surge met resistance, marking the sixth bearish reversal from the long-standing resistance trendline. On Sunday, XRP dropped 4.38%, erasing Saturday's 4.13% gain, forming a bearish engulfing pattern. Currently, XRP is trading near $0.5728, with an intraday gain of 0.45%, while its 24-hour low sits at $0.5599.
XRP Price Analysis:
- The 50-day EMA supports the current price action, while the 50, 100, and 200-day EMAs are close to aligning bullishly as the recovery gains traction. Additionally, the MACD's bullish crossover and increasing histogram show rising momentum.
Bullish Developments: Robinhood Relists XRP, Grayscale Launches XRP Fund
- XRP's relisting on Robinhood has sparked optimism for a recovery rally. Despite Grayscale's new XRP fund, the token struggles to break its overhead trendline, indicating that news alone may not trigger a breakout.
XRP Price Targets:
- Currently, XRP is trading within a triangle pattern and testing the 50% Fibonacci retracement level at $0.57141. The next upside target is $0.65821, representing the 78.60% Fibonacci level, while downside support is near $0.49128, below the key $0.50 mark at the 23.60% Fibonacci level.
If XRP breaks higher, it could target the 100% Fibonacci level at $0.7231, its highest since March 11. On the downside, maintaining the 200-day EMA at $0.5490 is key to sustaining the uptrend before potentially dropping to trendline support.
Source - thecryptobasic.com
#cryptotrend2024 #BinanceSquareTalks #CryptoNewsCommunity
#Altcoinmarket Pauses as Bitcoin Holds at $58,700: Will XRP Breakout?
- The altcoin market enters a period of consolidation, with Bitcoin stabilizing near $58,700. Among altcoins, XRP is seeing notable shifts, driven by Grayscale's new fund launch and Robinhood's decision to relist the token.
XRP at a Critical Point: Is a Breakout Imminent?
- On the daily chart, XRP's recent price surge met resistance, marking the sixth bearish reversal from the long-standing resistance trendline. On Sunday, XRP dropped 4.38%, erasing Saturday's 4.13% gain, forming a bearish engulfing pattern. Currently, XRP is trading near $0.5728, with an intraday gain of 0.45%, while its 24-hour low sits at $0.5599.
XRP Price Analysis:
- The 50-day EMA supports the current price action, while the 50, 100, and 200-day EMAs are close to aligning bullishly as the recovery gains traction. Additionally, the MACD's bullish crossover and increasing histogram show rising momentum.
Bullish Developments: Robinhood Relists XRP, Grayscale Launches XRP Fund
- XRP's relisting on Robinhood has sparked optimism for a recovery rally. Despite Grayscale's new XRP fund, the token struggles to break its overhead trendline, indicating that news alone may not trigger a breakout.
XRP Price Targets:
- Currently, XRP is trading within a triangle pattern and testing the 50% Fibonacci retracement level at $0.57141. The next upside target is $0.65821, representing the 78.60% Fibonacci level, while downside support is near $0.49128, below the key $0.50 mark at the 23.60% Fibonacci level.
If XRP breaks higher, it could target the 100% Fibonacci level at $0.7231, its highest since March 11. On the downside, maintaining the 200-day EMA at $0.5490 is key to sustaining the uptrend before potentially dropping to trendline support.
Source - thecryptobasic.com
#cryptotrend2024 #BinanceSquareTalks #CryptoNewsCommunity
FTX Settles $600M Robinhood Shares Dispute! đš
FTX has reached a pivotal settlement over $600M in Robinhood shares with Emergent Technologies, closing a major chapter in its legal battles. đâš What does this mean for FTX and the future of the crypto market? Stay tuned for the ripple effects across the industry! đđ
#Write2Earn! #CryptoNews #BinanceLaunchpool #CryptoImpact #Robinhood
FTX has reached a pivotal settlement over $600M in Robinhood shares with Emergent Technologies, closing a major chapter in its legal battles. đâš What does this mean for FTX and the future of the crypto market? Stay tuned for the ripple effects across the industry! đđ
#Write2Earn! #CryptoNews #BinanceLaunchpool #CryptoImpact #Robinhood
đšÂ BREAKING NEWS: Robinhood Settles $3.9M Over Crypto Withdrawal Restrictions! đš
In a landmark decision, Robinhood has agreed to a $3.9 million settlement with California regulators over its past restrictions on cryptocurrency withdrawals! đ± This settlement marks a significant moment in the ongoing regulation of crypto trading platforms.
Key Points:
Regulatory Action:Â The California Department of Justice found that Robinhoodâs previous ban on crypto withdrawals violated state commodities law.Settlement Details:Â Robinhood must now allow customers to withdraw their cryptocurrencies and update its disclosures regarding custody practices.Historical Practices:Â The violations occurred between 2018 and 2022, impacting many crypto investors.
Why This Matters:
For Crypto Users:Â This settlement ensures greater transparency and access to your crypto assets.For the Industry:Â It sets a precedent for how crypto trading platforms must operate within regulatory frameworks.
Join the Conversation! đŁïž What are your thoughts on Robinhoodâs settlement? Do you think this will lead to more stringent regulations for other crypto platforms? Comment below and let us know! đ
Follow us for more breaking crypto news and stay informed! đ
#CryptoNews #Robinhood #CryptoRegulation #BreakingNews #Bitcoin
In a landmark decision, Robinhood has agreed to a $3.9 million settlement with California regulators over its past restrictions on cryptocurrency withdrawals! đ± This settlement marks a significant moment in the ongoing regulation of crypto trading platforms.
Key Points:
Regulatory Action:Â The California Department of Justice found that Robinhoodâs previous ban on crypto withdrawals violated state commodities law.Settlement Details:Â Robinhood must now allow customers to withdraw their cryptocurrencies and update its disclosures regarding custody practices.Historical Practices:Â The violations occurred between 2018 and 2022, impacting many crypto investors.
Why This Matters:
For Crypto Users:Â This settlement ensures greater transparency and access to your crypto assets.For the Industry:Â It sets a precedent for how crypto trading platforms must operate within regulatory frameworks.
Join the Conversation! đŁïž What are your thoughts on Robinhoodâs settlement? Do you think this will lead to more stringent regulations for other crypto platforms? Comment below and let us know! đ
Follow us for more breaking crypto news and stay informed! đ
#CryptoNews #Robinhood #CryptoRegulation #BreakingNews #Bitcoin
âĄïž #Robinhood Crypto has agreed to pay a $3.9M fine after an investigation found it didnât allow customers to withdraw their crypto from 2018 to 2022.
Customers had to sell their #crypto back to Robinhood to leave the platform, says California AG Rob Bonta.
#TrendingTopic
Customers had to sell their #crypto back to Robinhood to leave the platform, says California AG Rob Bonta.
#TrendingTopic
đ $119 Million Dogecoin Transfer to Robinhood! đâđŠș
On September 4, 2024, a massive $119 million worth of Dogecoin ($DOGE ) was transferred to Robinhood, sparking speculation across the crypto world. This could shake up the market, hint at new strategies from Robinhood, and draw regulatory attention. DOGE fans might see it as a bullish signalâbig moves often mean big plans.
Keep an eye on what happens next!
$DOGE #CryptoNews #Robinhood
#BinanceUpdates #Dogecoin
On September 4, 2024, a massive $119 million worth of Dogecoin ($DOGE ) was transferred to Robinhood, sparking speculation across the crypto world. This could shake up the market, hint at new strategies from Robinhood, and draw regulatory attention. DOGE fans might see it as a bullish signalâbig moves often mean big plans.
Keep an eye on what happens next!
$DOGE #CryptoNews #Robinhood
#BinanceUpdates #Dogecoin
119 Million Dogecoin (DOGE) Sent to Robinhood: Details
Transfer to #Robinhood has added to negative sentiment in #DogecoinCommunity
The Dogecoin ($DOGE
) community has been stunned by a massive transfer. More than 119 million #doge⥠, according to Whale Alert, were transferred from an unknown crypto wallet to Robinhood. Carried out almost 13 hours ago, this transfer is estimated to be worth around $11.7 million.
Such large transfers are always crucial for market movements. Robinhood is one of the most popular and widely used trading platforms among the meme coin community. Trading activities on the platform have historically resulted in major impacts on the market.
Notably, Robinhood witnessed a 224% surge in its Q1 notional crypto trading volume. Estimated to be around $36 billion, this rise in volume exceeded the previous year's levels. Moreover, the total revenue of the American company rose to a whopping $618 million, a huge 40% year-over-year increase.
As a key player in the crypto space, developments related to Robinhood influence the market. Todayâs DOGE transfer is likely a sell-off, and it is expected to inject bearish sentiment onto the market. The amount transferred is significant, and it appears that large holders are triggering selling pressure.
Dogecoin price crumbles
The largest meme coin on the market is currently struggling to keep its pace. As of now, DOGE is trading at $0.09629, after a decrease of 2.87% in the last 24 hours. The meme coin has added another zero to its price, which is a super negative sign for traders. The broader outlook is also bearish as the DOGE price is down 10.05% over the last month.
This negative sentiment is seen across the market as there was yet another crypto crash today. The total crypto market cap has now fallen to $1.99 trillion, after a 3.6% decrease in the last 24 hours. It failed to hold above the prestigious $2 trillion market, showing increasing trouble for the community.
#NFPWatch #USDataImpact
The Dogecoin ($DOGE
) community has been stunned by a massive transfer. More than 119 million #doge⥠, according to Whale Alert, were transferred from an unknown crypto wallet to Robinhood. Carried out almost 13 hours ago, this transfer is estimated to be worth around $11.7 million.
Such large transfers are always crucial for market movements. Robinhood is one of the most popular and widely used trading platforms among the meme coin community. Trading activities on the platform have historically resulted in major impacts on the market.
Notably, Robinhood witnessed a 224% surge in its Q1 notional crypto trading volume. Estimated to be around $36 billion, this rise in volume exceeded the previous year's levels. Moreover, the total revenue of the American company rose to a whopping $618 million, a huge 40% year-over-year increase.
As a key player in the crypto space, developments related to Robinhood influence the market. Todayâs DOGE transfer is likely a sell-off, and it is expected to inject bearish sentiment onto the market. The amount transferred is significant, and it appears that large holders are triggering selling pressure.
Dogecoin price crumbles
The largest meme coin on the market is currently struggling to keep its pace. As of now, DOGE is trading at $0.09629, after a decrease of 2.87% in the last 24 hours. The meme coin has added another zero to its price, which is a super negative sign for traders. The broader outlook is also bearish as the DOGE price is down 10.05% over the last month.
This negative sentiment is seen across the market as there was yet another crypto crash today. The total crypto market cap has now fallen to $1.99 trillion, after a 3.6% decrease in the last 24 hours. It failed to hold above the prestigious $2 trillion market, showing increasing trouble for the community.
#NFPWatch #USDataImpact
#Robinhood received an investigative subpoena in December 2022 from the U.S. Securities and Exchange Commission related to listings of cryptocurrencies.
#crypto2023
#crypto2023
#ArkInvest (Asset management company) added a massive 162,325 #Coinbase #shares (worth $9,267,134.25) to its portfolio on Friday, alongside a substantial purchase of 263,504 #Robinhood shares (worth $2,629,769.92)
News of the purchases comes by way of a trade notification email.
News of the purchases comes by way of a trade notification email.
Robinhood Wallet Enables Bitcoin â Dogecoin and Ethereum Swapping
CryptosHeadlines.com - The Leading Crypto Research Network
Robinhood Wallet, a well-liked Web3 wallet, has added new things because more people are using it. People asked for it, so now Robinhood Wallet lets users hold, send, and get Bitcoin and Dogecoin.
Also, they made it possible to swap Ethereum tokens within the app. Some users can now swap over 200 different tokens on the Ethereum network.
Robinhood Wallet Widens Crypto Coverage
The goal of adding Bitcoin and Dogecoin support to Robinhood Wallet is to give users more choices in the wallet. Robinhood Wallet has been available for about six months, and people from over 140 countries have started using it.
Theyâve now made it possible to do Ethereum swaps right in the app. This means users can use decentralized finance (DeFi) without needing to have Ethereum in their wallets. When users swap tokens, the fees are taken from the tokens they already have. This makes swapping easier and makes it simpler to get started.
Johann Kerbrat, who is in charge of Robinhood Crypto, said they want to make using DeFi and different networks and tokens easier.
The design of Robinhood Wallet is meant to help a lot of people understand and use Web3 technology. Their wallet lets you work with networks like Arbitrum, Bitcoin, Ethereum, Dogecoin, Optimism, and Polygon. This way, people can own, send, and get crypto across these networks. The wallet also lets you swap crypto on Ethereum and Polygon networks, so you can use different apps.
With Robinhood Wallet, people are in control of their crypto. Theyâre the only ones who have the private keys to their crypto.
Using Robinhood Connect for Fiat Onramp
The wallet does more with a Web3 browser, which lets you directly connect to different apps.
On August 30, they said that Robinhood Wallet wants to keep adding networks. They already added Polygon, Arbitrum, and Optimism. They plan to add more Layer 2 networks based on what users want.
For users in the US, they made it easier to buy or move crypto. You can now use Robinhood Connect to do that directly in the wallet.
The rewards program now gives you learning rewards too. This means you can earn USDC by finishing educational lessons.
But you need to make sure your app is safe. You should set up fingerprint or face recognition, or a special PIN. Also, you need to make a secret recovery phrase. This lets you get into your wallet and see your crypto. The company says itâs really important to keep the recovery phrase safe and not share it with anyone. The company canât see your recovery phrase.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Ethereum #Robinhood #Dogecoin
Robinhood Wallet, a well-liked Web3 wallet, has added new things because more people are using it. People asked for it, so now Robinhood Wallet lets users hold, send, and get Bitcoin and Dogecoin.
Also, they made it possible to swap Ethereum tokens within the app. Some users can now swap over 200 different tokens on the Ethereum network.
Robinhood Wallet Widens Crypto Coverage
The goal of adding Bitcoin and Dogecoin support to Robinhood Wallet is to give users more choices in the wallet. Robinhood Wallet has been available for about six months, and people from over 140 countries have started using it.
Theyâve now made it possible to do Ethereum swaps right in the app. This means users can use decentralized finance (DeFi) without needing to have Ethereum in their wallets. When users swap tokens, the fees are taken from the tokens they already have. This makes swapping easier and makes it simpler to get started.
Johann Kerbrat, who is in charge of Robinhood Crypto, said they want to make using DeFi and different networks and tokens easier.
The design of Robinhood Wallet is meant to help a lot of people understand and use Web3 technology. Their wallet lets you work with networks like Arbitrum, Bitcoin, Ethereum, Dogecoin, Optimism, and Polygon. This way, people can own, send, and get crypto across these networks. The wallet also lets you swap crypto on Ethereum and Polygon networks, so you can use different apps.
With Robinhood Wallet, people are in control of their crypto. Theyâre the only ones who have the private keys to their crypto.
Using Robinhood Connect for Fiat Onramp
The wallet does more with a Web3 browser, which lets you directly connect to different apps.
On August 30, they said that Robinhood Wallet wants to keep adding networks. They already added Polygon, Arbitrum, and Optimism. They plan to add more Layer 2 networks based on what users want.
For users in the US, they made it easier to buy or move crypto. You can now use Robinhood Connect to do that directly in the wallet.
The rewards program now gives you learning rewards too. This means you can earn USDC by finishing educational lessons.
But you need to make sure your app is safe. You should set up fingerprint or face recognition, or a special PIN. Also, you need to make a secret recovery phrase. This lets you get into your wallet and see your crypto. The company says itâs really important to keep the recovery phrase safe and not share it with anyone. The company canât see your recovery phrase.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Ethereum #Robinhood #Dogecoin
#solana ($SOL ) Now Worth More Than MSTR, HOOD, and DBX Combined
Solana (SOL) has reached a significant milestone, surpassing the combined market capitalization of major companies like MicroStrategy, Robinhood , and Dropbox. Currently trading at $94.70, SOL has seen a 10.59% increase in the last 24 hours, securing its position as the fifth-largest cryptocurrency by market capitalization, displacing XRP.
Solana's market cap now stands at an impressive $36,953,575,216, exceeding the combined market cap of #MicroStrategy ($7.84 billion), #Robinhood ($10.91 billion), and Dropbox ($10.30 billion), totaling $29.1 billion. This remarkable feat underscores the growing importance of decentralized technologies.
The recent surge in SOL's valuation, with a 21% increase in the past week and a remarkable 250% growth since mid-October, can be attributed to the success of its memecoin, BONK. BONK's price surge, coupled with listings on major exchanges like Binance and Coinbase, has significantly contributed to Solana's market cap rise.
Solana's ecosystem is experiencing increased activity, with active addresses surging from 83.93K in mid-October to 351.5K, indicating a substantial boost in interest and participation. Technical indicators, including daily Exponential Moving Averages and a Relative Strength Index above 60%, project a positive sentiment among traders.
As Solana continues to disrupt the crypto market, its sustained performance could lead to a potential rally to $95 and $120 in the mid-term. Observers are keenly monitoring its trajectory in the coming days.
#cryptocurrency #BinanceSquare
Solana (SOL) has reached a significant milestone, surpassing the combined market capitalization of major companies like MicroStrategy, Robinhood , and Dropbox. Currently trading at $94.70, SOL has seen a 10.59% increase in the last 24 hours, securing its position as the fifth-largest cryptocurrency by market capitalization, displacing XRP.
Solana's market cap now stands at an impressive $36,953,575,216, exceeding the combined market cap of #MicroStrategy ($7.84 billion), #Robinhood ($10.91 billion), and Dropbox ($10.30 billion), totaling $29.1 billion. This remarkable feat underscores the growing importance of decentralized technologies.
The recent surge in SOL's valuation, with a 21% increase in the past week and a remarkable 250% growth since mid-October, can be attributed to the success of its memecoin, BONK. BONK's price surge, coupled with listings on major exchanges like Binance and Coinbase, has significantly contributed to Solana's market cap rise.
Solana's ecosystem is experiencing increased activity, with active addresses surging from 83.93K in mid-October to 351.5K, indicating a substantial boost in interest and participation. Technical indicators, including daily Exponential Moving Averages and a Relative Strength Index above 60%, project a positive sentiment among traders.
As Solana continues to disrupt the crypto market, its sustained performance could lead to a potential rally to $95 and $120 in the mid-term. Observers are keenly monitoring its trajectory in the coming days.
#cryptocurrency #BinanceSquare
#ArkInvest has adjusted its portfolio by exchanging #Coinbase and #Robinhood for newly listed #Reddit shares!
Ark Invest made significant changes to its portfolio on Thursday, selling off 133,533 Coinbase shares from its Ark Innovation ETF (ARKK) and 96,003 Robinhood shares from the ARK Next Generation Internet ETF (ARKW).
In exchange, Ark Invest purchased Reddit shares for both the ARK Next Generation Internet ETF (ARKW) and the Ark Fintech Innovation ETF (ARKF).
Ark Invest made significant changes to its portfolio on Thursday, selling off 133,533 Coinbase shares from its Ark Innovation ETF (ARKK) and 96,003 Robinhood shares from the ARK Next Generation Internet ETF (ARKW).
In exchange, Ark Invest purchased Reddit shares for both the ARK Next Generation Internet ETF (ARKW) and the Ark Fintech Innovation ETF (ARKF).
#Robinhood delisting $ADA , $MATIC and $SOL đš had put significant sell pressure on these tokens.đł
ROBINHOOD holds ~$1.3b in alts.đ
According to rough calculations $583m of this is held ADA, MATIC & SOL.
and this panic has become the reason of ALTs Dump Now.
#Altsdumping #cryptodump #bitcoin
ROBINHOOD holds ~$1.3b in alts.đ
According to rough calculations $583m of this is held ADA, MATIC & SOL.
and this panic has become the reason of ALTs Dump Now.
#Altsdumping #cryptodump #bitcoin
đđ Robinhood, the American stock and cryptocurrency trading app, is set to launch its cryptocurrency trading app in Europe, offering support for 25 types of cryptocurrencies including BTC, ETH, and SOL with fee exemptions.
Users in Europe will also see expanded cryptocurrency trading and staking options in the coming year, although cryptocurrency withdrawals outside of the app will not be initially available. This function is expected to be added in the future. However, the service will not be provided in the UK due to regulatory considerations. đđ± #Robinhood #CryptocurrencyTrading #Europe
Users in Europe will also see expanded cryptocurrency trading and staking options in the coming year, although cryptocurrency withdrawals outside of the app will not be initially available. This function is expected to be added in the future. However, the service will not be provided in the UK due to regulatory considerations. đđ± #Robinhood #CryptocurrencyTrading #Europe
Robinhood and Jump Trading Conclude Their Crypto Partnership.
#WebGTR #Robinhood #JumpTrading #Crypto #partnership
#WebGTR #Robinhood #JumpTrading #Crypto #partnership
Robinhood Repurchases 55 Million Shares Valued at $605.7 Million Previously Controlled by Ex-FTX CEO Sam Bankman-Fried.
#WebGTR #Robinhood #FTX #CEO #SamBankmanFried
#WebGTR #Robinhood #FTX #CEO #SamBankmanFried
Robinhood to Repurchase Sam Bankman-Friedâs Stake for $605.7M
CryptosHeadlines.com - The Leading Crypto Research Network
A total of 55 million shares of Robinhood, represented by the ticker symbol âHOOD,â were in the possession of Sam Bankman-Fried and Gary Wang. They held these shares through their company Emergent Fidelity Technologies.
Robinhood, a popular trading platform known by the ticker symbol âHOOD,â has reached an agreement with the United States Marshal Service (USMS) to repurchase stock worth $605.7 million. These shares were previously owned by Sam Bankman-Fried, who is the founder of the now-bankrupt cryptocurrency exchange FTX.
The U.S. government took control of 55 million HOOD shares that belonged to Sam Bankman-Fried and his fellow FTX co-founder, Gary Wang. These shares were held through their company called Emergent Fidelity Technologies.
The U.S. District Court for the Southern District of New York approved the share repurchase agreement on August 28. This development was confirmed through a filing with the U.S. Securities and Exchange Commission (SEC) dated August 30.
Positive Impact on Robinhood Shares
Following this news, Robinhoodâs stock experienced a positive response in the market. The shares of Robinhood climbed by approximately 3% to reach $11.21 during the early trading session on Friday.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Blockchain #Bitcoin #CryptoNews #cryptomarket #Robinhood
A total of 55 million shares of Robinhood, represented by the ticker symbol âHOOD,â were in the possession of Sam Bankman-Fried and Gary Wang. They held these shares through their company Emergent Fidelity Technologies.
Robinhood, a popular trading platform known by the ticker symbol âHOOD,â has reached an agreement with the United States Marshal Service (USMS) to repurchase stock worth $605.7 million. These shares were previously owned by Sam Bankman-Fried, who is the founder of the now-bankrupt cryptocurrency exchange FTX.
The U.S. government took control of 55 million HOOD shares that belonged to Sam Bankman-Fried and his fellow FTX co-founder, Gary Wang. These shares were held through their company called Emergent Fidelity Technologies.
The U.S. District Court for the Southern District of New York approved the share repurchase agreement on August 28. This development was confirmed through a filing with the U.S. Securities and Exchange Commission (SEC) dated August 30.
Positive Impact on Robinhood Shares
Following this news, Robinhoodâs stock experienced a positive response in the market. The shares of Robinhood climbed by approximately 3% to reach $11.21 during the early trading session on Friday.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Blockchain #Bitcoin #CryptoNews #cryptomarket #Robinhood
