• Binance Announces Dogecoin Reward Program

  • Binance, a cryptocurrency exchange, has announced additional prizes for Dogecoin users. The leading cryptocurrency exchange has launched a new set of closed staking activities that allow users to stake Dogecoin and earn APYs of up to 10%.

    Binance has also provided additional incentives for signing up for Binance Savings. Users who have never set up for a savings plan can benefit from double APY benefits with Dogecoin until the end of the event.

    After tremendous community pressure, Binance launched the Dogecoin proof-of-asset wallet that backs the DOGE-BSC supply in May.

    Robinhood transports billions of Dogecoins.

    According to the Dogecoin-focused Twitter account Mishaboar, stock brokerage app Robinhood transferred a large sum of Dogecoin — purportedly 4.57 billion Dogecoin worth almost $321 million — from one of its accounts to an unknown location. This could be due to a variety of factors, the most likely of which is a rearrangement of its cold storage wallets.

    “Robinhood might be consolidating a lot of the dogecoin they own into a new cold wallet,” according to DogeWhaleAlert.

    DogeWhaleAlert, a data tracking service, also reveals 17 Robinhood address-bound transfers, each containing 175,000,000 DOGE worth over $11.98 million.

    In other developments, MyDogeWallet, a self-custody Dogecoin wallet, has recorded 80,000 transactions in the last 24 hours. According to WhaleStats, Dogecoin once again ranked among the most used smart contracts among the top 1,000 BSC whales in 24 hours.

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