At present in crypto, musical artist Drake mentions BTC in new tune, Robinhood’s plan to tokenize shares on its new chain might divert liquidity from NYSE and different main exchanges, and a Coinbase government speculates over the slight chance that the latest motion of $8.6 billion price of Bitcoin was the results of a hack.
Drake drops Bitcoin reference in new tune
Musical artist Drake talked about Bitcoin (BTC) in his newest tune “What Did I Miss?” The tune was launched on Saturday and is already drawing consideration from Bitcoiners on social media.
Drake beforehand wager $1 million in BTC on the end result of the 2022 Tremendous Bowl; the championship sport of the American contact sport. The precise verse from the tune goes:
“I take a look at this shit like a BTC, could possibly be down this week, then I am up subsequent week. I do not give a fuck in the event you love me. I do not give a fuck in the event you like me. Askin’ me ‘How did it really feel?’ Cannot say it did not shock me.”
Popular culture references to Bitcoin point out that the digital asset is steadily shifting from a distinct segment phenomenon into the mainstream.
Robinhood’s 24/7 tokenization push threatens NYSE revenues: Galaxy Digital
Robinhood’s plan to tokenize shares on its new Ethereum-compatible blockchain might shift buying and selling quantity away from conventional exchanges just like the NYSE, undermining their core revenues from buying and selling charges and market knowledge, in keeping with Galaxy Digital.
On the EthCC convention this week, Robinhood CEO Vlad Tenev detailed plans for “Robinhood Chain,” an Ethereum-compatible layer-2 on Arbitrum Orbit. The blockchain will let customers commerce tokenized derivatives of shares instantly onchain, shifting asset buying and selling exterior conventional change hours.
In a Friday report, Galaxy Digital mentioned that Robinhood’s tokenization transfer removes property from conventional market channels and brings them onchain, instantly difficult the concentrated liquidity and exercise that give main TradFi exchanges just like the NYSE their edge.
“This instantly challenges the deep focus of liquidity and exercise that offers main TradFi exchanges (e.g., NYSE) their aggressive benefit,” Galaxy Digital wrote.
‘Small chance’ $8.6B Bitcoin switch was a hack: Coinbase exec
Conor Grogan, Coinbase’s head of product, says there’s a slight likelihood the $8.6 billion price of Bitcoin moved on Thursday — from eight wallets that had held the Bitcoin for over 14 years — was brought on by a hack, and in that case, it could possibly be the most important theft ever.
“If true (once more, I’m speculating on straws right here), this may be by far the most important heist in human historical past,” Grogan mentioned in an X put up on Friday, after elevating the slim likelihood that the $8.6 billion price of Bitcoin moved from eight separate wallets was the work of unhealthy actors.
“There’s a small chance that the $8B in BTC that lately wakened have been hacked or compromised personal keys,” Grogan mentioned, mentioning a suspicious Bitcoin Money transaction made earlier than the numerous transfers on Thursday involving 10,000 Bitcoin at a time.
