Robinhood-Chain Meme Token CASHCAT Surpasses $45 Million Market Cap, Surging Over 370% in 24 Hours
BlockBeats News, July 8th, according to GMGN monitoring, the market cap of Robinhood's on-chain meme token CASHCAT has surpassed $45 million, with a 24-hour surge of over 370%.
Robinhood's early mascot on the stock trading app was CASHCAT, later renamed Robinhood. On July 1st this year, Robinhood launched its own L2 blockchain, Robinhood Chain, focusing on on-chain finance and RWA.
BlockBeats reminds users that Meme coins often lack practical value and experience significant price volatility, so trading should be approached with caution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Under continuous pressure from inflation and interest rate hike concerns, US Treasury sell-off intensifies; 30-year yield once surpassed 5.6%, hitting a more than 24-year high
U.S. long-term Treasury yields continued to rise on Tuesday, extending the recent sharp upward trend.
The US releases the final batch of strategic oil reserves, up to 40 million barrels, urging Europe to follow suit.
This is the final batch of the 172 million barrels of reserves released by the United States in this round; after this release, the U.S. Strategic Petroleum Reserve will drop to its lowest level since 1982, approaching legal and operational red lines. Meanwhile, the U.S. Secretary of Energy criticized some European countries for releasing far less than expected, urging them to fulfill their commitments. Currently, gasoline and diesel prices in the U.S. remain high, and less than two months remain until the midterm elections. On Tuesday, WTI crude oil futures fell by 3.95%.
Raphael Zagury: Bitcoin will eventually surpass gold
Federal Reserve Bowman: AI Brings Both Opportunities and Risks to the Banking Industry, Fed Urges Strengthening of System Security Protections
Federal Reserve Vice Chair for Supervision, Bowman, warned that AI has a dual impact on the banking industry, serving both as a defensive tool and introducing new emerging risks. She urged banks to strengthen basic cybersecurity measures, including updating asset inventories, deploying multi-factor authentication, and improving vulnerability management. Bowman also stated that regulators will continue to adjust their examination approaches, implementing differentiated supervision for community banks instead of imposing blanket mandatory requirements.
Crypto prices
More
