The bank said event markets are still tiny versus stocks but are rapidly expanding beyond sports into macro and policy risk.
Robinhood has spent the past few years trying to outgrow its meme-stock reputation, and the clearest sign that it is thinking differently now sits far from Menlo Park. In early December, the company said it would buy PT Buana Capital Sekuritas, a small Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital asset trader, […]
The post Robinhood is constructing a “regional triangle” that unlocks the one thing US regulators won’t permit appeared first on CryptoSlate.
The investment firm continues to rebalance its fund weightings amid market volatility, with Robinhood stock closing down 9% on Thursday.
Slumps across equity, options and crypto trading in November raised concerns that retail investor momentum may be fading.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood said it is buying Indonesian brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto.
The state issued cease-and-desist orders to the firms to stop conducting "unlicensed online gambling" via their sports events contracts.
Ark Invest bought another 28,315 Coinbase shares on Tuesday, worth around $7.5 million, as it continued to rebalance its fund weightings.
Analysts pointed to Coinbase's expanding product lines, token launches, and new consumer apps as examples of "transformative" shifts.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Wall Street research firm Bernstein said the move — which Robinhood made in conjunction with market-making giant SIG — raises the stakes for competitors like Polymarket and Kalshi.
The Bernstein analysts also expect Coinbase to unveil its own prediction-markets platform at its Dec. 17 event.
Robinhood is deepening its foray into prediction markets with plans to launch a derivatives exchange through a new JV with Susquehanna.
Robinhood is working on infrastructure developments, said Offchain Labs' A.J. Warner, including 24/7 trading, and leveraging technologies like Arbitrum Stylus for compatibility.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Wall Street bank lifted its HOOD price target to $130 and reiterated its neutral rating on the stock.
Robinhood’s crypto revenue rose 300% to $268 million in the third quarter, helping drive higher overall revenues of $1.27 billion.
Kalshi anchor partner Robinhood processed $2.5 billion in prediction-market volume in October — implying a $300 million annualized run rate.
Robinhood's crypto revenue was up over 300% in Q3 to $268 million, helping to drive higher overall revenues of $1.27 billion.
The brokerage platform saw a record $80B in crypto trading volume; shares dipped in after hours action despite the earnings beat.
Ark Invest has been increasing investment in crypto stocks, acquiring shares in Robinhood, Bullish, Coinbase and ETH treasury firm BitMine.
Robinhood is expanding its crypto footprint beyond trading, leaning into tokenization and prediction markets as new growth drivers.
The October AWS outage took down some of crypto’s most prominent companies and networks. Many in the community pointed out their lack of decentralization.
When Amazon Web Services (AWS) faltered this morning, much of the internet went dark, and crypto was no exception. Several major blockchains and trading platforms, including Coinbase, Robinhood, and some Ethereum layer-2 networks, reported disruptions after AWS suffered an operational failure linked to its DynamoDB database service. According to Amazon’s status page, the issue began […]
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The Dogecoin price has received a major boost following House of Doge’s announcement of its plans to list on the Nasdaq. The firm revealed that the deal is backed by $50 million, suggesting it could inject fresh liquidity into the Dogecoin ecosystem. Dogecoin Sees Fresh $50M Liquidity As House of Doge Secures Nasdaq Listing In a press release, House of Doge announced that it has secured a Nasdaq listing through a merger with Brag House Holdings, a deal backed by over $50 million in investment capital, which is a positive for Dogecoin. Brag House will acquire House of Doge in a reverse takeover transaction, which is subject to approval from both companies’ boards of directors. Related Reading: The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year House of Doge, the commercial arm of the Dogecoin Foundation, noted that this proposed merger will advance mainstream Dogecoin adoption and institutionalize the meme coin’s utility. The firm also highlighted how it boasts 837 million DOGE within its framework, representing the largest institutional Dogecoin holdings in the global crypto ecosystem. House of Doge has already built an institutional foundation for the Dogecoin ecosystem through its partnerships with 21Shares, Robinhood, and CleanCore Solutions. The firm played a key role in helping CleanCore set up its Dogecoin treasury. Now, the firm is looking to deepen the push for the institutional adoption of DOGE and has secured $50 million to boost the meme coin’s ecosystem. House of Doge revealed that it plans to use this capital to lay the foundation for a “scalable, transparent, and yield-producing Dogecoin economy” for both institutional investors and the DOGE community. The firm also confirmed that the newly combined entity will hold a “significant amount of Dogecoin within its framework,” indicating that some of the capital it secured will be used to purchase DOGE. Catalyst For A DOGE Rally The House of Doge’s proposed merger could serve as one of the catalysts for an explosive Dogecoin rally to new highs. The firm has outlined several ways it plans to boost DOGE’s institutional adoption, which could spark more institutional inflows into the meme coin’s ecosystem. Related Reading: Broadening Wedge Could Send Dogecoin Price Flying, But Watch These Key Factors Notably, this comes amid the imminent launch of the Dogecoin ETFs, which are expected to drive fresh liquidity into DOGE. Crypto analyst The Historical Performance That Says Dogecoin Price Will Hit $11.71 By End Of Year, that the meme coin could rally to as high as $0.6533 even as the institutional catalysts line up for Dogecoin. From a technical perspective, the analyst stated that DOGE’s uptrend remains intact and that, as prices hold above a major resistance trendline, the target remains $0.6533. He added that the uptrend can spark a run of over 200% to reach this target. At the time of writing, the Dogecoin price is trading at around $0.2, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s move, which has ignited fears of a full-blown trade war with China. Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while Dogecoin broke below the psychological $0.2 level and fell to $0.11. Related Reading: Institutions Dump Massive Amounts Of Bitcoin And Ethereum As XRP And Solana Buying Ramps Up This massive crash in Bitcoin, Ethereum, and Dogecoin followed Trump’s Truth Social post, in which he announced that the U.S. will impose a 100% tariff on China, over and above any tariffs they are currently paying, starting on November 1. He added that they will also impose Export Controls on any and all crucial software from China starting on November 1. Notably, Trump had earlier in the day threatened to massively increase tariffs on China, while stating that the country was becoming hostile. This initial threat caused Bitcoin to sharply drop below $120,000 from a high of around $122,000. Meanwhile, the Ethereum and Dogecoin prices also faced sharp declines. Bitcoin was trading around $116,000 when Trump announced a 100% tariff on China, which sent the crypto market into a spiral. BTC’s further decline also pushed Ethereum and Dogecoin to intraday lows of $3,400 and $0.11, respectively, extending their market losses. Meanwhile, these massive declines for the crypto assets contributed to the largest liquidation event in crypto’s history. CoinGlass data shows that $20 billion has been wiped out from the crypto market in the last 24 hours, driven by crashes in Bitcoin, Ethereum, and Dogecoin prices. This liquidation event was larger than the COVID-19 crash and the FTX bankruptcy crash. Exchanges May Have Contributed To The Crash BitMEX co-founder Arthur Hayes suggested that crypto exchanges may have contributed to the crash in the Bitcoin, Ethereum, and Dogecoin prices. In an X post, he stated that the word on the street is that big CEX’s auto liquidation of collateral ties to cross-margined positions is why many altcoins “got smoked on the move down.” He congratulated those who bought the dip, stating that market participants are unlikely to see those levels again anytime soon on many high-quality altcoins. Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October Crypto analyst Kevin Capital opined that the drop in Bitcoin, Ethereum, and Dogecoin prices was caused by serious issues across top exchanges like Robinhood, Coinbase, and Binance. He added that what makes it even worse is that these exchanges didn’t let people buy the dip at the lowest point. Featured image from iStock, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood’s listing of Strategy’s preferred stocks could fund more bitcoin buys without tapping new MSTR stock issuance, a move that may boost BTC demand.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
At Token2049 Singapore, Robinhood's Vlad Tenev likened the growing popularity of the digital asset technology to a freight train that can't be stopped.