Maker (MKR) is a cryptocurrency and operates on the Ethereum platform. Maker has a current supply of 977,631.03695089. The last known price of Maker is 1,944.66067048 USD and is down -2.72 over the last 24 hours. It is currently trading on 237 active market(s) with $57,828,211.32 traded over the last 24 hours. More information can be found at https://makerdao.com/.

Maker

Ethereum

BNB Smart Chain (BEP20)

Avalanche C-Chain

<h2 class="MuiBox-root jss1946"><strong>Technology</strong></h2>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph"><strong>Vaults (formerly &ldquo;collateralized debt positions - CDPs)</strong></p>
<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">The key component of the Maker protocol and method with which Dai is created is known as a Vault. A Vault is created by depositing collateral into a smart contract which then mints an amount of Dai specified by the user. The dollar value of the collateral must be greater than 150% the value of Dai (current Collateralization Ratio). The user can transact freely with their Dai. If they want to receive their initial collateral they must pay back both the Dai they withdrew plus the interest rate on the loan (Stability Fee). If at any point, the value of the collateral drops below the collateralization ratio, then their position is subject to liquidations where anyone can come in and purchase the underlying collateral to repay the debt. Known as Keepers, these actors are motivated by the profit opportunity from buying the collateral below market price and then selling on the open market.</p>
<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph"><strong>Auctions</strong></p>
<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">There are three types of <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://docs.makerdao.com/auctions/the-auctions-of-the-maker-protocol" target="_blank" rel="noreferrer noopener">auctions</a></p>
<ul>
<li><strong>Surplus Auctions</strong> occur when loans remain overcollateralized and payments from stability fees reach a certain amount. After that, Dai is auctioned off to Keepers for MKR which is then subsequently destroyed.</li>
<li><strong>Collateral Auctions</strong> occur when Vaults drop below the Collateralization Ratio. The collateral in the vault is then sold until the outstanding debt is repaid plus a liquidation penalty. At that point, the auction becomes a reverse auction, where a bidder bids on accepting smaller parts of collateral for that fixed amount of Dai. Once the process ends, the remaining collateral is returned to the vault owner.</li>
<li><strong>Debt Auctions</strong> occur in the worst-case scenario when the price of collateral drops precipitously such that it can no longer cover the entire debt paid. The system will first look towards the surplus from Stability Fees to cover the debt. If that is not sufficient, a reverse auction occurs to cover the fixed amount of Dai necessary to make the system whole. Bidders compete on willingness to accept decreasing amounts of MKR for the shortfall in Dai.</li>
</ul>
<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph"><strong>Dai Savings Rate (DSR)</strong></p>
<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">The DSR was implemented in MCD as a way for Dai holders to earn interest on their holdings. Users can deposit Dai into a non-custodial smart contract and immediately begin earning interest funded by Stability Fee payments. They are also free to withdraw at any time. The DSR serves as a monetary policy tool for governance to control the outstanding supply of Dai in order to manage the $1 peg. If the peg were to drop below $1, MKR holders could vote to increase the DSR. This would incentivize Dai holders to lock more Dai up, decreasing the supply and ideally bringing the price back up.</p>
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<h2 class="MuiTypography-root MuiTypography-h3"><strong>Audits</strong></h2>
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<h4 class="MuiTypography-root MuiTypography-h4">Initial Audit</h4>
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<div class="jss1981">Date: August 2016</div>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">Audit <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://github.com/makerdao/audit-2/blob/master/makerdao_audit_aug_2016_public.pdf" target="_blank" rel="noreferrer noopener">performed</a> by Peter Vessenes</p>
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<h4 class="MuiTypography-root MuiTypography-h4">Sai Security Assessment</h4>
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<div class="jss1981">Date: October 2017</div>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">Audit <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://makerdao.com/CodeReview/Sai_Final_Report.pdf" target="_blank" rel="noreferrer noopener">performed</a> by Trail of Bits</p>
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<h4 class="MuiTypography-root MuiTypography-h4">Single-Collateral Dai</h4>
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<div class="jss1981">Date: December 2017</div>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">Audit <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://makerdao.com/saiCodeReview/SAI%20Coin%20Code%20Review_v1_3.pdf" target="_blank" rel="noreferrer noopener">performed</a> by Jordi Baylina, Barry Whitehat, Adri&agrave; Massanet, Eduardo Antu&ntilde;a, Arthur Lunn, Antoni Martin, Griff Green</p>
</div>
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<h4 class="MuiTypography-root MuiTypography-h4">MCD smart contract audit report</h4>
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<div class="jss1981">Date: October 2019</div>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">PeckShield performed an <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://github.com/makerdao/mcd-security/blob/master/Audit%20Reports/PeckShield_Final_Audit_Report.pdf" target="_blank" rel="noreferrer noopener">audit</a> and discovered 16 issues of varying severities, none of which were thought to be critical.</p>
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<h4 class="MuiTypography-root MuiTypography-h4">MCD Core Smart Contracts</h4>
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<div class="jss1981">Date: August 2019</div>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">Trail of Bits <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://security.makerdao.com/audit-reports" target="_blank" rel="noreferrer noopener">audited</a> the MCD code and identified several informational to medium-severity issues.</p>
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<div>&nbsp;</div>
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Technology

<h1 class="has-luminous-vivid-orange-color has-text-color">What is Maker?</h1>
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<p class="MuiTypography-root jss1114 MuiTypography-body2 MuiTypography-paragraph">Maker is a peer-to-contract lending platform enabling over-collateralized loans by locking Ether in a smart contract and minting $2, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms and incentives for external actors. Once generated, Dai can be freely sent to others, used as payments for goods and services, or held as long term savings.</p>
</div>
<h2>What is the project trying to achieve?</h2>
<p>MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.</p>
<h2>What is the unique selling point?</h2>
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<p class="MuiTypography-root jss1114 MuiTypography-body2 MuiTypography-paragraph">The Maker protocol is an open-source project started in 2014 with the goal of creating a permissionless credit system that would allow users to take out loans collateralized by cryptocurrency. These loans are created by smart contracts that mint $2, a stablecoin with a soft peg to the US dollar. The protocol was built by the Maker Foundation along with a number of outside parties and over time the foundation has worked to reduce its level of control. They have gradually ceded control to a decentralized autonomous organization (DAO) known as MakerDAO which governs the protocol. The DAO is comprised of individuals across the globe that own the MKR token which affords holders the right to vote on important changes.</p>
<p class="MuiTypography-root jss1114 MuiTypography-body2 MuiTypography-paragraph"><strong>Single Collateral Dai</strong></p>
<p class="MuiTypography-root jss1114 MuiTypography-body2 MuiTypography-paragraph">The first iteration was known as Single Collateral Dai (SCD) because Ethereum was the only asset used as collateral to take out a loan. It launched in December 2017 and grew to support $100 million worth of debt. Despite a 94% decrease in the value of collateral over that time, the system remained healthy and Dai maintained a close peg to $1. Since Dai was the only widespread stablecoin that did not require a company to back it by holding US dollars, it became an integral piece of the growing decentralized finance ecosystem. While SCD proved to be effective, the intended goal was to transition to Multi Collateral Dai (MCD) that could accept collateral other than Dai as well as implement other key design changes.</p>
<p class="MuiTypography-root jss1114 MuiTypography-body2 MuiTypography-paragraph"><strong>Transition to Multi Collateral Dai</strong></p>
<p class="MuiTypography-root jss1114 MuiTypography-body2 MuiTypography-paragraph">In November 2019 MakerDAO $2 the protocol to MCD with Basic Attention Token ($2) being voted as the first additional collateral available. The existing single collateral system continues to function as is while users are encouraged to migrate to the new Dai. Eventually, the single collateral system will be phased out altogether. In addition to the new collateral, MCD made other important design changes such as the introduction of the Dai Savings Rate (DSR) which allows Dai holders to earn yield and collateral auctions that create a competitive market for liquidations.</p>
<p class="MuiTypography-root jss1114 MuiTypography-body2 MuiTypography-paragraph">&nbsp;</p>
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<div class="MuiBox-root jss1157 jss1115">&nbsp;</div>
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All about

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    <h2 id="what-is-maker-mkr">
     What Is Maker (MKR)?
    </h2>
    <p>
     Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a
     <a href="#">
      decentralized organization
     </a>
     and a software platform, both based on the
     <a href="#">
      Ethereum
     </a>
     blockchain — that allows users to issue and manage the DAI stablecoin.
    </p>
    <p>
     Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.
    </p>
    <p>
     MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.
    </p>
    <p>
     The Maker ecosystem is one of the earliest projects on the decentralized finance (
     <a href="#">
      DeFi
     </a>
     ) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
    </p>
    <h3 id="who-are-the-founders-of-maker">
     Who Are the Founders of Maker?
    </h3>
    <p>
     MakerDAO, the first entity inside the larger Maker ecosystem, was created in 2015 by Rune Christensen, an entrepreneur from Sealand, Denmark.
    </p>
    <p>
     Christensen graduated from Copenhagen University with a degree in biochemistry and studied international business at the Copenhagen Business School. Prior to MakerDAO, he co-founded and managed the Try China international recruiting company.
    </p>
    <h4 id="what-makes-maker-unique">
     What Makes Maker Unique?
    </h4>
    <p>
     As of October 2020, DAI is one of the most popular stablecoins (cryptocurrencies whose prices are pegged to the USD or another traditional currency). It is the 25th largest cryptocurrency at over $800 million in market capitalization and it has more active addresses than USDT — the largest stablecoin on the market.
    </p>
    <p>
     MKR’s unique proposition lies in the fact that it allows its holders to directly participate in the process of governing DAI. Every holder of Maker tokens has the right to vote on a number of changes to the Maker Protocol, with their voting power depending on the size of their MKR stake. Some of the aspects of the protocol the holders can vote on are:
    </p>
    <ul>
     <li>
      Adding new collateral asset types to the protocol, allowing users to submit new cryptocurrencies to mint more DAI;
     </li>
     <li>
      Amend the risk parameters of existing collateral asset types;
     </li>
     <li>
      Change the DAI Savings Rate: holders of DAI tokens can earn savings by locking them in a special contract, and the Savings Rate impacts the profitability of that contract;
     </li>
     <li>
      Choose the oracles — entities whose goal is to supply trustworthy off-blockchain data to the Maker ecosystem;
     </li>
     <li>
      Upgrades to the platform.
     </li>
    </ul>
    <p>
     This ability to participate in the management of one of the largest stablecoins on the market is what drives the demand for MKR tokens and correspondingly affects their value.
    </p>
    <h4 id="related-pages">
     Related Pages:
    </h4>
    <p>
     Find out more about
     <a href="#">
      USDT
     </a>
     , another USD-pegged stable cryptocurrency
    </p>
    <p>
     Learn more about
     <a href="#">
      stablecoins
     </a>
     on CMC
     <a href="#">
      Alexandria
     </a>
     , our educational portal.
    </p>
    <h4 id="how-many-maker-mkr-coins-are-there-in-circulation">
     How Many Maker [MKR] Coins Are There in Circulation?
    </h4>
    <p>
     The issuance and removal of MKR from the system is governed by a complex system of interdependent mechanisms designed to ensure that DAI is always fully collateralized by other cryptocurrency assets and its soft peg to the USD is maintained. There is no hard-coded limit on the total supply of MKR.
    </p>
    <p>
     DAI’s value is secured by collateral — other cryptocurrencies that are deposited by users when minting new DAI tokens and stored in so-called vaults —
     <a href="#">
      smart contracts
     </a>
     on the Ethereum blockchain.
    </p>
    <p>
     During price downswings, the value of crypto stored in the vault might become insufficient to fully collateralize the corresponding amount of DAI. In that case, the Maker Protocol automatically initiates the liquidation of the vault’s contents, the proceeds of which it uses to cover that vault’s obligations. If the amount of DAI generated during the liquidation is not enough, the Maker Protocol mints new MKR tokens to sell and cover the remaining sum, thereby increasing the total supply.
    </p>
    <p>
     However, in some cases, the amount of DAI made from the auctions exceeds the necessary limit to ensure full collateralizations — then, it is used by the Maker Protocol to buy back and burn MKR tokens, decreasing their total supply.
    </p>
    <p>
     Thus, the supply of MKR is a dynamic value that changes depending on market conditions and the overall health of the DAI ecosystem. As of October 2020, the circulating supply of Maker tokens is about 1 million, worth more than $500 million.
    </p>
    <h3 id="how-is-the-maker-network-secured">
     How Is the Maker Network Secured?
    </h3>
    <p>
     MKR is an
     <a href="#">
      ERC-20
     </a>
     token, meaning that it runs on and is secured by the Ethereum
     <a href="#">
      blockchain
     </a>
     . Ethereum, in turn, is secured by its Ethash
     <a href="#">
      proof-of-work
     </a>
     function.
    </p>
    <h3 id="where-can-you-buy-maker-mkr">
     Where Can You Buy Maker (MKR)?
    </h3>
    <p>
     Maker token trading is available on such exchanges as:
    </p>
    <ul>
     <li>
      <a href="#">
       Binance
      </a>
     </li>
     <li>
      <a href="#">
       OKEx
      </a>
     </li>
     <li>
      <a href="#">
       Uniswap
      </a>
     </li>
     <li>
      <a href="#">
       Coinbase Pro
      </a>
     </li>
    </ul>
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  </div>
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  <p>
   Our most recent articles about
   
   Maker
   
   :
  </p>
  <ul>
   <li>
    <a href="#">
     A Complete Overview of the DAOs Ecosystem
    </a>
   </li>
   <li>
    <a href="#">
     Ethereum in 2021: The Highs and the Lows
    </a>
   </li>
   <li>
    <a href="#">
     What Is a DAO? CoinMarketCap’s Definitive Guide
    </a>
   </li>
   <li>
    <a href="#">
     CMC Daily, Oct. 7: Bitcoin and SHIBA INU Surge!
    </a>
   </li>
   <li>
    <a href="#">
     The Worst-Performing Altcoins in September
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 </div>
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description

<p>The Maker also has its own MKR token financing the project's activities. The company has secured the support of the Ethereum Foundation and according to the developers, is an integral and important element in the ecosystem of&nbsp;Ethereum. MKR is necessary to attract investment in the project Maker itself. MKR holders are something like shareholders, but instead of a joint-stock company there is a decentralized Autonomous organization (DAO).</p>
<p>Read Full Article:<a href="https://coincu.com/currencies/mkr-maker/stories/">&nbsp;CLICK HERE&nbsp;</a></p>
<p>&nbsp;</p>

Verdict

<h1>Community</h1>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1652686073224.image" /></p>
<h1>Backers</h1>
<h2><strong>Teams</strong></h2>
<p>MakerDAO, the first entity inside the larger Maker ecosystem, was created in 2015 by Rune Christensen, an entrepreneur from Sealand, Denmark.</p>
<p>Christensen graduated from Copenhagen University with a degree in biochemistry and studied international business at the Copenhagen Business School. Prior to MakerDAO, he co-founded and managed the Try China international recruiting company.</p>
<p>&nbsp;</p>

Community And Backers

<h2>Token Metrics</h2>
<ul class="has-normal-font-size">
<li>Token Name: Marker&nbsp;</li>
<li>Ticker:&nbsp;<strong>MKR</strong></li>
<li>Blockchain:&nbsp;<strong>Ethereum</strong></li>
<li>Token Standard:&nbsp;<strong>ERC-20</strong></li>
<li>Contract:<strong> 0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2</strong></li>
<li>Token Type:&nbsp;<strong>Utility,&nbsp;Governance</strong></li>
<li>Total Supply:<strong> 977,631</strong></li>
</ul>
<h2 class="MuiBox-root jss1946"><strong>Token Usage</strong></h2>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">The MakerDAO network circulates two native tokens: $2and MKR. Dai is a currency token that seeks to maintain price stability against a specific peg, currently the U.S. dollar, to make it suitable for short-term and medium-term use as a means of exchange and store of value. Tokens with these characteristics are commonly referred to as $2.</p>
<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">The MKR token is used for governance of the platform allowing holders to vote on various parameters such as the stability fee, debt ceiling, types of collateral to be used, Dai Savings Rate and more. MKR is also used to purchase excess Dai from collateral auctions and stability fee payments in the Surplus Auction. Once the auction is ended the protocol automatically burns the MKR leading to a decreasing supply. However, if there is a shortfall of Dai resulting from loans becoming undercollateralized, a Debt Auction will occur to raise more Dai by printing MKR, thereby increasing the supply.</p>
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<h2 class="MuiBox-root jss1946"><strong>Launch &amp; Initial Token Distribution</strong></h2>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">MKR launched with 1,000,000 MKR tokens and has distributed them to early adopters and through three private sales.</p>
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<h2 class="MuiBox-root jss1946"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss1946"><strong>Key Info</strong></div>
<div class="MuiBox-root jss1947">General Emission Type: Burn &amp; Mint. Precise Emission Type: Other Burn &amp; Mint models
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<div class="MuiBox-root jss2065"><strong>Liquid Supply Curve</strong>
<div class="MuiButtonBase-root MuiButton-root MuiButton-outlined jss2080 MuiButton-outlinedSizeSmall MuiButton-sizeSmall" tabindex="0" role="button" aria-disabled="false">Upading</div>
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<div class="MuiButtonBase-root MuiButton-root MuiButton-outlined jss2080 MuiButton-outlinedSizeSmall MuiButton-sizeSmall" tabindex="0" role="button" aria-disabled="false"><strong>Details</strong></div>
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<p class="MuiTypography-root jss1949 MuiTypography-body2 MuiTypography-paragraph">New DAI tokens are created when a user withdraws from a CDP and are burnt when the outstanding balance is repaid. When this balance is repaid, MKR tokens are also burned as a part of the fee for settling a CDP. If the collateral on a loan drops rapidly such the loan becomes under-collateralized, then the supply of MKR can be inflated to make sure the debt is repaid.</p>
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<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>

Technical Data

<div class="sc-cnqt8g-0 jivVTJ"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1642482147215.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x.png 1400w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-300x175.png 300w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-768x447.png 768w" alt="this week on crypto twitter" style="max-width:100%;overflow:hidden;width:100%"><div>Illustration by Mitchell Preffer for Decrypt</div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">In last week’s Crypto Twitter roundup, we included, “Desperate Housewives”</span> <span style="font-weight:400">star Eva Longoria’s open announcement that she was “</span><a href="https://twitter.com/EvaLongoria/status/1479621718528434178?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1479621718528434178%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F90038%2Fthis-week-on-crypto-twitter-cryptophunks-vs-bored-apes-bukele-defends-bitcoin-city" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">jumping into the #NFT space</span></a><span style="font-weight:400">.” She had asked her 7 million followers for advice on where to start, and the replies were predictably crammed with folk shilling her their NFT projects.</span></p><div class=" flex justify-center items-center"><div class=""><div id="div-gpt-ad-1634801906339-0-90503" data-google-query-id="COOd4f-6uvUCFWyKZgIdsJgD8A"><div id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0__container__" style="border: 0pt none;"><iframe id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" title="3rd party ad content" name="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" role="region" aria-label="Advertisement" tabindex="0" sandbox="allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation" srcdoc="" style="border: 0px; vertical-align: bottom;" data-google-container-id="1" data-load-complete="true"></iframe></div></div></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">She didn’t dally. On Monday, she changed her profile picture to her first NFT purchase: a World of Women NFT. World of Women is a collection of illustrations by artist Yam Karkai “featuring 10,000 artworks of diverse and powerful women” according to the </span><a href="https://opensea.io/collection/world-of-women-nft" target="_blank" rel="nofollow external noopener" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">description</span></a><span style="font-weight:400">. (Karkai made </span><i><span style="font-weight:400">Decrypt</span></i><span style="font-weight:400">’s list of the </span><a href="https://decrypt.co/88533/15-most-innovative-nft-artists-of-2021" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">most innovative NFT artists</span></a><span style="font-weight:400"> of 2021.)</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Did I do this right? <a href="https://twitter.com/worldofwomennft?ref_src=twsrc%5Etfw" data-wpel-link="internal">@worldofwomennft</a> <br>&nbsp;<a href="https://twitter.com/hashtag/NewProfilePic?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#NewProfilePic</a> <a href="https://t.co/837jlQXWD9" data-wpel-link="internal">pic.twitter.com/837jlQXWD9</a></p>
<p>— Eva Longoria Baston (@EvaLongoria) <a href="https://twitter.com/EvaLongoria/status/1480658113833275392?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">Longoria joins Reese Witherspoon as a World of Women holder. And whether it was thanks to Longoria buying in, or thanks to the collection signing with Guy Oseary for Hollywood reputation (just as </span><a href="https://decrypt.co/83255/bored-ape-yacht-club-nft-film-tv-music-guy-oseary" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Bored Ape Yacht Club has</span></a><span style="font-weight:400">), the </span><a href="https://decrypt.co/90379/world-of-women-ethereum-nfts-surge-bored-apes-hollywood" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">price floor surged this week</span></a><span style="font-weight:400">.</span></p>
<h2 style="margin-top:2em;text-align:left" color="#333" class="sc-1t633a1-2 igUuUh">Andre and Klay go crypto</h2><div class="sc-3e2f5m-0 bQkWom"></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">NBA legend Andre Iguodala announced on Monday that he and Golden State Warriors teammate Klay Thompson are taking part of their salaries in Bitcoin via mobile payment service Cash App.&nbsp;</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">I’m excited to announce I’m taking part of my salary in BITCOIN w. Cash App! Bitcoin is the future, <a href="https://twitter.com/KlayThompson?ref_src=twsrc%5Etfw" data-wpel-link="internal">@klaythompson</a> and I are both believers. To make bitcoin more accessible, we're giving out $1M in bitcoin back to fans today. Drop your $cashtag w. <a href="https://twitter.com/hashtag/PaidInBitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#PaidInBitcoin</a> &amp; follow <a href="https://twitter.com/CashApp?ref_src=twsrc%5Etfw" data-wpel-link="internal">@CashApp</a></p>
<p>— andre (@andre) <a href="https://twitter.com/andre/status/1480616697119711234?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">The two NBA stars join a long list of pro athletes who have put part of their salary into Bitcoin, including </span><a href="https://decrypt.co/85023/aaron-rodgers-cash-app-giving-away-1-million-bitcoin" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Aaron Rodgers</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/86611/odell-beckham-jr-salary-bitcoin-give-away-1m-btc-cash-app" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Odell Beckham Jr.</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/61593/bitcoin-pushes-russell-okung-up-the-ranks-of-nfl-top-earners" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Russell Okung</span></a><span style="font-weight:400">, and </span><a href="https://decrypt.co/69064/nfl-trevor-lawrence-signs-endorsement-deal-with-blockfolio-ftx" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Trevor Lawrence</span></a><span style="font-weight:400">. (FTX investor and pitchman Tom Brady has said he’d “</span><a href="https://decrypt.co/81511/tom-brady-open-earn-part-salary-bitcoin-ethereum-solana" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">love to request that</span></a><span style="font-weight:400">,” but hasn’t.)</span></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>

This Week on Crypto Twitter: NBA Stars Buy Bitcoin, Vitalik Welcomes Trolls, FWB DAO Ejects a Co-Founder

<div class="content-inner ">
<p><span style="font-weight: 400;">This man Jack Mallers has a way of finding himself in the middle of historic transactions. This time, the Strike CEO used the recently unveiled Twitter Tips Lightning integration to send $10 instantly to San Salvador. The person at the other end of the line then uses the money to buy coffee in a little-known independent coffee shop. We’re witnessing the fusion of one of the biggest social networks in the world with Bitcoin’s open monetary network.</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" class="" style="position: static; visibility: visible; width: 500px; height: 943px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441089090628177933&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441089090628177933"></iframe></div>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">In </span><a href="https://jimmymow.medium.com/announcing-the-strike-api-c18a4e9c54de"><span style="font-weight: 400;">the linked blog post</span></a><span style="font-weight: 400;">, Jack Mallers explains the transaction and its significance:</span></p>
<p style="text-align: center;"><em><strong>Related Reading | <a href="https://bitcoinist.com/jack-mallers-outlines-bitcoin-top-issues-how-btc-will-drive-the-future-of-payments/">Jack Mallers Outlines Bitcoin Top Issues, How BTC Will Drive The Future of Payments</a></strong></em></p>
<blockquote>
<p><span style="font-weight: 400;">“In the above demo, I sent a $10 tip from my house in Chicago, USA to my friend David in San Salvador, El Salvador. The payment settled instantly for no fee. The singular, open, monetary network that allowed me to send an instant, free, cross-border payment to David is the same singular, open monetary network that allowed David to immediately use that money to buy a cup of coffee at Starbucks as soon as he got the Twitter notification that I had sent him money.”</span></p>
</blockquote>
<p><img class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938880387.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" loading="lazy" data-lazyloaded="1" data-src="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png" data-srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" data-sizes="(max-width: 640px) 100vw, 640px" data-pin-no-hover="true"><noscript><img loading="lazy" class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938488196.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" sizes="(max-width: 640px) 100vw, 640px"></noscript></p>
<pre style="text-align: center;">BTC price chart for 09/25/2021 on Exmo | Source: BTC/USD on <a href="https://www.tradingview.com/symbols/BTCUSD/">TradingView.com</a></pre>
<h2><span style="font-weight: 400;">The previous time Jack Mallers found himself in the middle of a historic transaction</span></h2>
<p><span style="font-weight: 400;">When Strike’s CEO </span><a href="https://bitcoinist.com/watch-jack-mallers-send-free-instant-non-reversible-10-to-nigeria/"><span style="font-weight: 400;">sent $10 to Nigeria,</span></a><span style="font-weight: 400;"> he described that other transaction in terms that also apply to today’s historic transaction.&nbsp;</span></p>
<blockquote>
<p><span style="font-weight: 400;">“If you don’t see how huge this is, think about it as Jack Mallers does. He “didn’t have to register the transfer through a financial intermediary such as Western Union, request private banking details of Bernard Parah, or wait days for the payment to settle.” On the other side, Bernard “didn’t owe any intermediary a percentage of the transaction, the payment wasn’t reversible and settled instantly.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Bernard Parah’s Bitnob and Strike are interoperable because they both joined the Bitcoin and Lightning open monetary network. And now, Twitter and its millions of users joined both of those companies and the network. This is immense.&nbsp;</span></p>
<p><span style="font-weight: 400;">Also, the previous time Jack Mallers proclaimed, “</span><em><span style="font-weight: 400;">Today, Strike became the best remittance option from the US to Nigeria without even trying</span></em><span style="font-weight: 400;">.” This time, he feels even more confident:</span></p>
<blockquote>
<p><span style="font-weight: 400;">“Twitter’s integration with the Strike API turns Twitter into one of the best remittance experiences in the world, one of the greatest global creator marketplaces in the world, one of the greatest global payment experiences in the world, one of the best global micropayment marketplaces in the world, and allows an internet communications company to interoperate with the monetary standard for the world, enabling global payments for their users.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Boom!</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-1" class="" style="position: static; visibility: visible; width: 500px; height: 1160px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-1&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441092004759293965&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441092004759293965">

Watch Jack Mallers Send $10 To El Salvador Via Twitter’s Lightning Tips

<div class="sc-cnqt8g-0 epmiuL"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636382356475.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger.png 540w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger-300x122.png 300w" alt="roberts on crypto header" style="max-width:100%;overflow:hidden;width:100%"><div><span opacity="0.58" color="#333" class="sc-jb7pox-1 GwxAa"></span></div></div>
<p>Jack Dorsey, the <a href="https://decrypt.co/78391/why-does-jack-dorsey-hate-ethereum" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin maximalist</a> CEO of Twitter, put his money where his mouth is this week. His company rolled out "<a href="https://decrypt.co/81731/twitter-bitcoin-tipping-nft-avatars" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin tipping</a>" to its 300 million active users, a service that will let anyone send or receive Bitcoin by sharing a wallet address or using an app called <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">Strike</a>. And to top if off, Twitter also announced a plan to let users connect their Bitcoin wallets to <a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank" class="sc-18vyx5u-0 hiPYeO">NFTs</a> tied to their identity.</p>
<p>Where to begin? For starters, this might be the most mainstream moment in Bitcoin's history. That's because Twitter isn't just a mega social media platform used by political and sports divs, but also a major force in media that helps drive the news of the day. Tying crypto payments to all this could spur tens of millions of people to use Bitcoin for the first time.</p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p>The Bitcoin integration means Twitter has already done something other tech giants could not: Build a borderless payment system right into its app. You may recall Facebook sought to do that three years ago with a new type of stablecoin called Libra, but regulators <a href="https://decrypt.co/78891/facebook-crypto-wallet-is-ready-market-is-market-ready-novi" target="_blank" class="sc-18vyx5u-0 hiPYeO">all but killed the plan</a>. Twitter is more likely to avoid that fate since it doesn't wield Facebook's monopoly power and because it is relying on an existing global currency—Bitcoin—rather than trying to mint its own money.</p>
<p>Bitcoin tipping also coincides with the launch of a number of other new (non-crypto) Twitter products, including newsletters and a live forum called Spaces, that are designed to let artists and creators connect directly with their audiences. In practice, this means that a comedian in Mexico could perform on Twitter and instantly receive tips from people in Madrid, Buenos Aires and New York. The company has even set up an invoicing system.</p>
<p>The world has been waiting for something like this. For decades, media and culture have been borderless, but payments have not. Sure, we've been able to use credit cards (and crypto) internationally, but there's still no easy one-click tool plugged directly into the apps we use every day. Twitter's Bitcoin tipping feature could change that, and also spur the likes of YouTube, TikTok, and others to follow suit. Meanwhile, adding NFTs as a form of identification, as Twitter has pledged to do, could help <a href="https://decrypt.co/79071/cryptopunks-bored-apes-nft-avatar-trend-is-about-community-building" target="_blank" class="sc-18vyx5u-0 hiPYeO">make crypto communities</a> even more mainstream.</p>
<p>If people use the features.</p>
<span class="" style="display:inline-block"></span>
<p>First, Dorsey has to show he can pull this off. And that's an open question. Twitter delighted cryptoland by launching Bitcoin tipping—you can see how it works <a href="https://twitter.com/Twitter/status/1441085130487975952" target="_blank" class="sc-18vyx5u-0 hiPYeO">here</a>—but that doesn't mean it's going to work as planned. For one thing, the reliance on Strike could mean trouble, since the app and its obnoxious founder <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">don't appear ready</a> to deal with the regulatory issues that go along with launching a global payment network. Strike was also the partner for the El Salvador government's <a href="https://decrypt.co/80436/el-salvador-forced-through-bitcoin-law-any-means-necessary" target="_blank" class="sc-18vyx5u-0 hiPYeO">bumpy Bitcoin rollout</a>. And speaking of governments, the tax rules surrounding Bitcoin remain a mess, especially in the U.S., and it's possible that those who use Twitter tipping will find themselves with an unpleasant surprise come tax time—something that will certainly chill adoption.</p>
<p>Then there is Dorsey's decision to embrace Bitcoin and Bitcoin alone. This has already ruffled the feathers of Ethereum fans, and led <i>Decrypt</i>'s founder Josh Quittner to wonder if Dorsey excluded Ethereum over fears it would threaten Twitter's centralized platform. Whatever his motives, Dorsey's Bitcoin-only path will create political opposition from DeFi diehards the project could really use on its side.</p>
<p>Then, there are the practical problems with Twitters's plan, especially when it comes to NFTs. The company says it will let users display NFT-based badges that are tied to their wallets, but the Bitcoin blockchain doesn't appear up to this task, and Twitter refuses to explain how exactly this will work. Never a good sign.</p>
<p>The bottom line is that Twitter's Bitcoin initiative is full of promise, but fraught with peril. Hey, let's not judge just yet—the company has just pushed forward with a Bitcoin feat the world has never seen before, and for that it deserves kudos. Have a great weekend.</p>
<p><i>This is&nbsp;</i>Roberts on Crypto<i>, a weekend column from Decrypt Editor-in-Chief&nbsp;<a href="https://decrypt.co/author/daniel-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Daniel Roberts</a>&nbsp;and Decrypt Executive Editor&nbsp;<a href="https://decrypt.co/author/jeff-john-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Jeff John Roberts</a>. Sign up for the&nbsp;<a href="https://decrypt.co/modal/emails" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Decrypt Debrief email newsletter</a> to receive it in your inbox in the future. And read last weekend's column:&nbsp;</i><a href="https://decrypt.co/81230/solana-outage-sol-growing-pains" target="_blank" class="sc-18vyx5u-0 hiPYeO">Solana's Growing Pains</a>.</p>

Bitcoin on Twitter: The Promise and the Problems

<div class="sc-ktzkjh-0 hIxHRr"><h4 color="#333" class="sc-1t633a1-4 PUmZU">In brief</h4><ul>
<li>Michael Burry once held around 5% of all GameStop shares.</li>
<li>He sold his position before the meme stock hit all-time highs above $400.</li>
<li>In January, he called for the SEC to regulate what he saw as "unnatural" trading.</li>
</ul><div class="sc-zni0p2-0 ggVtwx"></div></div><p><span style="font-weight:400">One of the biggest players in the GameStop saga is being drawn into an investigation by the U.S. Securities and Exchange Commission.</span></p>
<p><span style="font-weight:400">Michael Burry, head of investment firm Scion Asset Management, tweeted today that the firm has received a subpoena from the SEC. A scanned copy of the letter shows that it relates to GameStop Corp. and was issued on September 21. The tweet has since been deleted.</span></p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p><span style="font-weight:400">Burry owned more than 5% of GameStop stock last year before </span><a href="https://www.forbes.com/sites/antoinegara/2021/02/16/michael-burry-the-hedge-fund-genius-who-started-gamestops-4000-rise-sold-before-its-reddit-surge/?sh=786678af6359" target="_blank" class="sc-18vyx5u-0 hiPYeO"><span style="font-weight:400">selling 1.7 million shares</span></a><span style="font-weight:400"> in the fourth quarter for between $10 and $20. By January GME shares were trading for over $400; they currently sell for $185 on the New York Stock Exchange.&nbsp;</span></p>
<p><span style="font-weight:400">GME's rise was facilitated by an army of amateur day traders and a handful of anonymous Wall Street veterans, who poured into online forums like WallStreetBets to coordinate stock picks. It was the first meme stock, an asset without intrinsic value which is traded for its cultural cachet. Other companies in decline, among them theater company AMC and 2000s throwback BlackBerry, have also found fresh money this year as meme stocks.</span></p>
<div class="sc-155ftbs-0 sc-155ftbs-1 eAya-DO jpxtSH"><div class="sc-155ftbs-2 ccosHo"><div class="sc-155ftbs-3 jcayOL"><a href="/81076/what-robinhood-gamestop-taught-us-bitcoin-billionaires-author-ben-mezrich" class="sc-18vyx5u-0 vsGFO" style="width: 100%;"></a></div></div></div>
<p><span style="font-weight:400">Meme stocks are close relatives to meme tokens and coins, cryptocurrencies that lack much in the way of utility but can be traded for half-ironic LOLs—and sometimes for big money, if holders can convince others to join in.&nbsp;</span></p>
<p><span style="font-weight:400"><span class="link"><a href="https://decrypt.co/resources/dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge" target="_blank" class="sc-18vyx5u-0 hiPYeO">Dogecoin</a></span>, launched as a joke nearly a decade ago, is the preeminent meme coin with a market cap of $27 billion. The more recent Shiba Inu, which borrows DOGE's dog-based iconography, has a market cap of $3.6 billion. It recently began trading on <span class="link"><a href="https://decrypt.co/46690/coinbase-review-a-great-jumping-on-point-for-bitcoin-beginners" target="_blank" class="sc-18vyx5u-0 hiPYeO">Coinbase</a></span>, which has found itself in competition with mobile trading app Robinhood—where many if not most GameStop and Dogecoin speculators plied their trade early in 2021.</span></p>
<p><span style="font-weight:400">Robinhood's participation in GameStop's rise was contentious. At one point, as GME's price tag was rising, Robinhood restricted users from buying more GME. Users were upset they couldn't buy more, while politicians from progressive Alexandria Ocasio-Cortez to arch-conservative Ted Cruz suggested a hearing was necessary to determine whether the app was picking winners and losers. Others in government worried that GameStop's surge was a sign of market manipulation, as everyday investors were perhaps being duped by more powerful forces behind the scene—just like crypto pump-and-dump schemes on Telegram.</span></p>
<div class="sc-bn4v3i-1 kKVLkh"><div class="sc-1lyao0r-0 bYXVxv"><div class="sc-1stj48q-1 jIqIqg"><div class="sc-1ao5pjp-0 iDmTWe"><div color="#b7a048" class="sc-1joxzke-0 iLgkbE"><img class="sc-1joxzke-1 iqMMhj" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636255533965.png" dimension="29"></div><span class="sc-jb7pox-2 hPjvKB sc-1stj48q-3 hVlrdy" color="#333" opacity="1">DOGE</span></div><div class="sc-1lyao0r-0 sc-1stj48q-2 bYXVxv hzlQar"><span class="sc-jb7pox-2 bGpjfZ sc-1mjd3js-0 dDOcjm variation-value" value="7708.33" color="#333" opacity="1"><span>+</span>7708.33%</span><span class="sc-jb7pox-1 gPoHne current-price" color="#333" opacity="1">$0.2107</span></div></div><div class="sc-1stj48q-0 jWoPsV"><div class="sc-ktzkjh-0 sc-1qwrltn-2 hIxHRr irYpKJ"><div class="sc-1ao5pjp-0 sc-1qwrltn-0 iDmTWe cdDhPC"><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">24H</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">7D</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">1M</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 chOUVj" color="#333" opacity="1">1Y</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">MAX</span></div></div><div class="sc-zni0p2-0 ggVtwx"></div><div height="180" class="sc-dunrjg-0 bPZqaA"><div data-highcharts-chart="0" style="height: 100%; overflow: hidden;"><div id="highcharts-jy1wary-0" dir="ltr" class="highcharts-container " style="position: relative; overflow: hidden; width: 367px; height: 180px; text-align: left; line-height: normal; z-index: 0; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); user-select: none;"><svg version="1.1" class="highcharts-root" style="font-family:&quot;Lucida Grande&quot;, &quot;Lucida Sans Unicode&quot;, Arial, Helvetica, sans-serif;font-size:12px;" xmlns="http://www.w3.org/2000/svg" width="367" height="180" viewBox="0 0 367 180"><desc>Created with Highcharts 8.2.2</desc><defs><clipPath id="highcharts-jy1wary-1-"><rect x="0" y="0" width="312" height="142" fill="none"></rect></clipPath></defs><rect fill="#ffffff" class="highcharts-background" x="0" y="0" width="367" height="180" rx="0" ry="0"></rect><rect fill="none" class="highcharts-plot-background" x="45" y="10" width="312" height="142"></rect><rect fill="none" class="highcharts-plot-border" data-z-index="1" x="45" y="10" width="312" height="142"></rect><g class="highcharts-grid highcharts-xaxis-grid" data-z-index="1"><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 44.5 10 L 44.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 87.5 10 L 87.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 130.5 10 L 130.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 173.5 10 L 173.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 215.5 10 L 215.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 258.5 10 L 258.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 301.5 10 L 301.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 344.5 10 L 344.5 152" opacity="1"></path></g><g class="highcharts-grid highcharts-yaxis-grid" data-z-index="1"><path fill="none" stroke="#e6e6e6" stroke-width="1" data-z-index="1

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