In today's crypto news, Robinhood's initiative to tokenize stocks on its new cryptocurrency chain threatens to divert liquidity away from major exchanges like the NYSE, according to Galaxy Digital. Robinhood aims to enable trading of tokenized derivatives of stocks 24/7 on an Ethereum-compatible blockchain, potentially disrupting traditional trading dynamics. Meanwhile, a Coinbase executive speculated on the possibility that an $8.6 billion Bitcoin transfer—significantly involving wallets dormant for over 14 years—may have been the result of a hack. This scenario, if true, could mark one of the largest thefts in history. Concurrently, the market saw Bitcoin's price decline nearly 2% to below $108,000 following the movement of these long-dormant coins. This activity has fueled speculation linking it to Satoshi Nakamoto, Bitcoin's elusive creator. Notably, corporate adoption of Bitcoin continues to rise, with data revealing that 255 companies now hold nearly 3.97% of Bitcoin's total supply.

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