Blockchain intelligence firm Arkham has identified Robinhood, a retail trading giant, as the third largest holder of Bitcoin. The firm has "deanonymized" blockchains by identifying and labeling addresses through on-chain analysis. Robinhood's Bitcoin address, previously unidentified, is now the third biggest in the world after crypto exchanges Binance and Bitfinex. The wallet began accumulating in mid-May and currently contains 118,300 BTC worth $3,066,545,354. <br>

A Bitcoin address that recently accumulated 118,000 BTC has been attributed to Robinhood, although the company has not confirmed or denied the allegations. This would make Robinhood the third-largest holder of BTC, a position traditionally held by crypto-native exchanges. However, Robinhood's user base is known for speculative trading, which raises questions about their approach to Bitcoin and the potential risks associated with holding such a large amount. <br>

XRP has fallen 2.3% to $0.515 and is seeking support and liquidity before attempting to reach $1. The token is currently trading below major moving averages, but is being supported by a multi-month ascending trendline.

At 6:40 am Beijing time today, 253,419,377 DOGE (worth about $16,052,287) was transferred from Robinhood to an unknown wallet.

According to Whale Alert monitoring, 129,673,539 DOGE (worth $7,908,094) was transferred from Robinhood to an unknown wallet.

Several crypto-focused companies, including MicroStrategy, Coinbase, Coinshares, Block, and Robinhood, have reported record profits in Q2 2023 following a minor crypto market rally. MicroStrategy increased its BTC holding by 12,333 BTCs, bringing its total BTC holding to 152,800, and recorded a gross profit of $93.3 million. Coinbase posted total revenue of $707.9 million but remained in loss despite the crypto market rally. The positive performance in Q2 2023 has led analysts to speculate that the crypto winter may be over, but the outcome of Q3 will determine the future for many of these companies.

Robinhood, the online trading platform, reported a decline in its crypto revenue for Q2 2023, with a drop of 18% from $38 million in Q1 to $31 million. However, the company achieved profits for the first time since going public, with a total net revenue of $468 million, an increase of 10% sequentially. Robinhood attributed the increase in assets under custody (AUC) to higher equity valuations and continued net deposits. Despite the revenue loss, Robinhood saw gains in other categories, including a surge in quarterly interest revenue and adjusted EBITDA growth.

Robinhood, a crypto-friendly brokerage platform, has appointed Jordan Dane Sinclair as the new CEO of Robinhood UK, as reported by Bloomberg. It is reported that the appointment has been approved by the UK FCA. The platform plans to launch brokerage services to individual retail investors in the UK this year.

The creator of Dogecoin, Billy Markus, expressed surprise on Twitter about discovering a computer game called "Humanity" where players guide humans to ascension as a Shiba Inu doge. The game was created by PlayStation and caused a stir within the Shiba Inu community despite not being associated with either SHIB or DOGE. Markus is considering streaming himself playing the game. In other news, Robinhood and Binance were involved in consecutive transactions of nearly 800 million Dogecoin, with the largest transfer of 450 million coins worth $32.9 million going to Robinhood. Dogecoin remains a popular trading asset with a roughly 10% increase in trading volume over the past 24 hours.

June 30 (Cointime) - Revolut, a cryptocurrency-friendly neobank, will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States in September due to changing laws and regulations around cryptocurrency in the country. Revolut notified its U.S. customers about the change on June 29, stating that buying these tokens is immediately closed for all customers.