U.Today has prepared the top three news stories over the past day.
155,000,000 DOGE stuns Robinhood — What’s going on?
As reported by Whale Alert blockchain tracker, yesterday, June 10, an unknown wallet transferred 155,000,000 DOGE to Robinhood, a popular trading platform. The value of the moved funds stood at $30,064,203 at the time the transfer took place. The likely reason behind the move is a whale intending to sell their funds on the aforementioned platform. The transaction coincided with a 4.6% increase in DOGE’s price, pushing the asset from $0.18674 to $0.19535. Meanwhile, Dogecoin is inching closer to reaching a new adoption milestone; its holder count is currently standing at 7.97 million holders, only 30,000 short of eight million. This makes Dogecoin the third most widely held cryptocurrency after Ethereum (148.38 million holders) and Bitcoin (55.39 million holders). At press time, DOGE is changing hands at $0.2026, up almost 6% over the past 24 hours, according to CoinMarketCap data.
Shiba Inu’s Shibarium skyrockets 7,154% as adoption hits new highs
Shiba Inu’s layer-2 platform Shibarium has recently caught the community’s attention with an impressive 7,154% increase in daily transactions; in just five days, they surged from 63,820 on June 4 to 4.63 million on June 9. Shibarium transactions stagnated from late May to early June, as profit-taking and macroeconomic uncertainty led to market declines and dampened investor optimism. Data from Shibariumscan shows that as of now, the Shibarium network’s transaction count stands at 1,225,512,216. Total blocks amount to 11,459,115, with total addresses standing at 264,554,578. In the meantime, Shiba Inu holders hit a new all-time high; as shared by Shiba Inu’s marketing lead Lucie, the number of wallets that currently hold SHIB has reached 1,511,101, which accounts for 0.011% of the global population.
Is Bitcoin safe from quantum computers? Michael Saylor shares bullish take
Michael Saylor, Strategy’s executive chairman, recently appeared on The Jordan B. Peterson Podcast, sharing how and why he began accumulating Bitcoin. According to Saylor, it all started in 2020 when the pandemic broke out. Back then, Strategy’s executive chairman sought a secure store of value for his half-billion-dollar portfolio, considering real estate, stocks, art and gold. However, he ultimately found them less appealing due to market conditions and their lack of liquidity or growth potential. Saylor decided on Bitcoin because of its liquidity, fungibility and resilience, despite initially viewing it as a scam coin. Among other things, Saylor shared his take on whether quantum computers will be able to harm Bitcoin. He believes that Bitcoin is “the most anti-fragile and indestructible thing in the world.” Saylor also calls it “an ideology that is manifested as a protocol,” stating that even if future quantum computers can break Bitcoin’s passwords, they will not be able to hack the basics of Bitcoin, which is fundamental math.