reddit


Markets

Reddit-Based Tokens Plunge on Report of Wind Down of Community Points

MOON, BRICK and DONUT tokens prices are each lower by 60%-90%.

Reddit has submitted a filing with the Securities and Exchange Commission (SEC) to go public on the New York Stock Exchange under the ticker symbol “RDDT.” (Brett Jordan/Unsplash)

Videos

Bitcoin Extends Decline for a Fifth Day; Reddit's Fortnite Token BRICK Surges

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the emotional testimony from former Alameda Research CEO Caroline Ellison in the trial against FTX founder Sam Bankman-Fried. New details emerge surrounding the 2022 FTX hack. And, Bricks (BRICK), the native token of Reddit's Fortnite community, surges.

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Finance

Reddit's Fortnite Token BRICK More Than Doubles After Two-Months of Decline

Liquidity remains thin across Bricks trading pairs with 2% market depth on Kraken standing at $2,500 on both the bid and ask side.

Fortnite Reddit Token Soars (Vlad Gorshkov/Unsplash)

Markets

Trader Who Predicted Luna's Downfall Now Holds 450K MOON Tokens

The pseudonymous GCR likely bought 450,000 of the coins at an average price of 40 cents-45 cents, Loch Research's Prithvi Jhaveri said.

The trader who placed a $10 million bet on Luna's downfall now holds more than 450,000 MOON tokens. (Coingecko)

Markets

Crypto News Today: Bitcoin's Rally Toward $30K, PayPal's Stablecoin Fakes, and More

As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.

bitcoin 8/8

Markets

Reddit Community Tokens Moons and Bricks Soar 50% on Kraken Listing

Kraken and Kraken Pro users can trade both coins against the U.S. dollar and euro in the spot market.

Reddit has submitted a filing with the Securities and Exchange Commission (SEC) to go public on the New York Stock Exchange under the ticker symbol “RDDT.” (Brett Jordan/Unsplash)

Web3

Reddit Returns With New NFTs and Crypto Twitter Leaves Threads on Read

Reddit launched Gen 4 of its NFT Collectible Avatars while Amazon expanded its blockchain tools. Also, crypto influencers shared thoughts on Threads and indicated that they aren’t ready to leave Twitter just yet.

Reddit avatars (Reddit.com)

Web3

Reddit Brings In Good Karma With Gen 4 Collectible NFT Avatars

The latest release of colorful interpretations of the platform's “Snoo" character is titled "Retro Reimagined."

Reddit avatars (Reddit.com)

Videos

To the MOON: Reddit Community Tokens Rocket Amid Rule Change Speculation

Moons (MOON), the native token of Reddit's r/CryptoCurrency community, is surging over 100% in the last 24-hours, according to data tracked by CoinGecko. CoinGecko's co-founder and COO, Bobby Ong, told CoinDesk the speculation about impending changes to Reddit has driven the token higher. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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Markets

Reddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK

Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.

MOON token's price (Coingecko)

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