🤖 Techy… The bitcoin blockchain saw a record 682K+ transactions on Monday, and over half of those were ordinals. Since their introduction earlier this year, the bitcoin NFTs have surged in popularity.
📜 Policy… The Biden admin proposed a tax on crypto miners equal to 30% of their electricity costs. Mining giant Riot suggested the tax could drive companies overseas, and have negative environmental effects.
🪙 Coins… Pepecoin, a crypto inspired by a controversial frog cartoon, saw $250M in 24-hour trading volume this week, passing fellow memecoins doge and shiba inu. Meanwhile, pepe whales sold off huge amounts of the token.
Latest Stories
Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.