• Uniswap Unisocks tokens
    Alt coins,  Education

    Uniswap socks-backed tokens reach $92K

    185 of the tokens have been burned to redeem the footwear. This could be the most expensive hosiery that the world has ever seen

    According to crypto asset market data website CoinGecko, the value of the NFT SOCKS tokens—each backed by a pair of Uniswap-branded socks that can be redeemed for the token—reached an all-time high of $92,763.27 on Feb. 16. At their highest, the 500 SOCKS had a market cap of about $28 million.

  • robinhood profited dogecoin gamestop
    Alt coins,  Regulation

    Robinhood probably profited from traders ‘protesting with Dogecoin’

    The exchange apparently became the world’s top Dogecoin holder thanks to its users investing in the coin

    When Robinhood temporarily barred its retail customers from buying GameStop stocks, purportedly as a reaction to reddit’s r/WallStreetBets community buying it in an attempt to squeeze out the major hedge funds shorting the video game retailer’s stock, many decided that they would protest by buying Dogecoin instead. However, the plan may have backfired in a big way, according to blockchain analytics firm Elliptic’s chief scientist and co-founder, Tom Robinson.

  • Bitwise DeFi Crypto Index Fund
    Alt coins

    Bitwise launches DeFi Crypto Index Fund

    Bitwise Asset Management’s new index fund includes nine decentralized finance cryptocurrencies, including Uniswap, Aave, and Maker

    The new Bitwise DeFi Crypto Index Fund seeks to take advantage of the rapidly growing DeFi market, which is increasingly seen as a viable alternative to traditional finance, offering peer-to-peer financial services like loans and lending, decentralized exchanges, and derivatives, among others.