“The rumors are always interesting, but we haven’t really spent time on it.” Robinhood Crypto’s VP told Decrypt….
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If Robinhood and Revolut do make a run at launching a stablecoin, as reported, can they each avoid the same fate as PayPal’s PYUSD?…
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Kamala signals support for crypto. Top memecoins all soar, add $10bn in value in a week. MOODENG hits $180m, does 11x in a week. SUI & SEI continue to lead L1s for price & TVL growth. Revolut & Robinhood are considering stablecoin. Visa launches new tokenisation platform for banks. PayPal to allow business accounts to hold crypto Hamster kombat’s HMSTER disappoints on launch. Biden admin may have forced Silvergate’s closure. Court rules crypto mining boxes ‘are securities’….
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The way younger investors prefer to invest will “determine what the financial platforms of the future look like,” analysts write….
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The department’s action against Robinhood marks the first such public instance by the regulator against a crypto firm, it said Wednesday….
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BTC ETFs: -$127m, ETH ETFs: -$3m. BTC hits $58k after ETF outflows, then bounces. BTC sees largest exchange outflow in a year. Divergence between BTC & stocks grows. TON stops producing blocks briefly, price bounces. TON outage linked to DOGS launch. Maker DAO rebrands as Sky. USDS upgrade from DAI will have freezing function. Robinhood readds SOL support. SEC charges 2 brothers with $60m crypto scam. Nasdaq pitches options on BTC ETFs. Full-time open source devs under 8k in crypto. Crypto owners more likely to be ‘psychopaths’….
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BTC ETFs: +$45m, ETH ETFs: -$24m. XRP settles with SEC for $125m, rises 20%. FTX ordered to repay $12.7bn. BTC Mayer Multiple hits lowest since FTX. Saylor personally owns over $1bn BTC. Dems launch ‘Crypto for Harris’ group. Brazil approves first spot SOL ETF. Robinhood crypto revenue up 161%. Ethena launches stablecoin on SOL. Jump likely shut ‘development arm’, not trading. Nomad bridge hacker moves $35m to Tornado. Metaplanet to buy $6.8m more BTC. Binance to list TON for spot. Binance invests in SOL restaking protocol. Arbitrum Orbit chains to use USDC for gas….
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Bitcoin hits $50k, liquidations hit $1bn in sell-off. Macro sell-off and end of Yen carry trade blamed. Multiple altcoins hit cycle or all-time lows. Bitcoin dominance rises to cycle-high of 58%. Robinhood halts 24hr trading. Crypto funds saw $528m outflow last week. Justin Sun denies liquidation rumours. Jump Trading continues to liquidate holdings. Ethena founder confirms protocol has ‘zero issues’. Binance launches native KAS mining. Cycle hasn’t even started yet: Cobie….
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Both Robinhood’s CEO and top crypto exec hinted at a more expansive blockchain-backed future for the company this week….
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The settlement resolves claims against Robinhood related to the referral program’s text messages sent between August 2017 and February 2024….
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