Crypto news from the Arkham Intel Exchange, on which it is now possible to exchange ARKM to conduct entity tag tracking and perform hacking activities.
In addition, Arkham identified Robinhood as the fifth largest holder of ETH in a recent report. See below for all the details.
New crypto Opportunities to track entity labels and hacking on Arkham
Intel Exchange is a platform that offers users the ability to exchange ARKM in return for information provided by investigators. However, with the latest update, it is now possible to sell address information directly without necessarily offering a bounty, representing a significant and exciting step forward.
This update paves the way toward a decentralized intelligence economy in which anyone can use the native currency, ARKM, to exchange information. This information can involve entity labels, hacker tracking, or curated data feeds.
Interested buyers can enter a reward, while sellers can offer information through auctions. The process is simple: users can click on “Sell Intel” on the left side of Intel Exchange and provide details about the information they want to sell, explaining its usefulness and who might be interested in buying it.
Next, they can upload the actual information, which is vetted by the Arkham Foundation to ensure credibility and validity. This mechanism ensures that all information sold on the platform is reliable.
Information for sale on Intel Exchange is listed in the main Marketplace under the “Listings” section. These listings can be handled through auctions, in which the highest bidder wins the information, or through a fixed price, simplifying transactions for both buyers and sellers.
Information for sale must comply with Intel Exchange Guidelines, and any data proposed for sale must be supported by context, adequate research, and complete public information with properly cited sources to ensure accuracy and credibility.
Robinhood: the fifth largest holder of ETH according to Arkham
Robinhood, the cryptocurrency trading and financial services platform, has emerged as the fifth-largest holder of Ether (ETH), with a portfolio that totals about $2.54 billion according to Arkham Intelligence.
Arkham disclosed via X (formerly Twitter) that attention has been focused on Robinhood’s announcement regarding its possession of the third largest Bitcoin wallet.
However, it was noted that Robinhood’s identification as the holder of the fifth largest ETH wallet was overlooked. In a separate update, Arkham clarified that these funds are client balances held by Robinhood.
According to BitInfoCharts, the world’s largest Bitcoin (BTC) wallets are from Binance and Bitfinex.
According to Arkham’s intelligence, the wallet associated with Robinhood contains several other cryptocurrencies, including 122,076 BTC (equivalent to $3.3 billion), 34.1 trillion Shiba Inu (SHIB) (valued at $277.8 million), 4.9 million LINK from Chainlink (equivalent to $29.7 million) and 2.6 million Avalanche (AVAX) (valued at $29.6 million).
Despite its significant role in equity trading, Robinhood’s cryptocurrency trading business experienced a decline in cryptocurrency-related revenue in the second quarter, down from $38 million to $31 million compared to the first quarter.
On 30 August, the company announced the expansion of its wallet to include the “ability to store, send and receive Bitcoin and Dogecoin,” as well as maintaining the functionality to facilitate existing Ethereum exchanges.
This improvement is a direct response to user requests, as stated by the company. At its initial launch in March, Robinhood Wallet introduced self-custody services, primarily for Polygon and Ethereum networks.
These services include a variety of tokens such as Compound (COMP), Polygon (MATIC), SHIB, Solana (SOL), Uniswap (UNI), as well as the stablecoin USD Coin (USDC).