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Project Overview
Robinhood is an American financial services company whose mobile app facilitates commission-free trading of stocks, exchange-traded funds, cryptocurrencies, and individual retirement accounts.
Bonk Guy: Onchain Meme Market Is Far From Bottoming Out, Historic Opportunities May Reappear
Odaily reports: Bonk Guy posted stating that the view that onchain trading and the Meme coin market have fallen into the worst period in history reflects a misperception within the crypto community (CT) regarding the current state of the market. Over the past 4 months, about 6 new tokens reached market caps of $100 million to $300 million or more, among which PONS started from zero and its fully diluted valuation (FDV) once reached $960 million, while the FDVs of tokens such as ANSEM, CASHCAT, AI, and STONK also all broke through $300 million at one point. In addition, dozens of new tokens surpassed $10 million in market cap, and despite the deterioration in market structure, tokens with sharp gains still occasionally emerge onchain.Bonk Guy compared the current market with previous downturn periods, noting that before the emergence of Robinhood Chain, the market went through a long stretch with almost no notable rallies; and after the launch of the TRUMP token last year and before the initial rise of BonkFun, there was also a period of about half a year during which almost no token could break through a market cap of $2 million to $5 million.He believes that although the current market is no longer in the broad rally phase seen a few months ago, this does not mean trading opportunities have disappeared. He expects the market may recover soon, even faster than most people anticipate, and suggests paying attention to tokens that have already demonstrated the ability to deliver outsized performance in the previous cycle, seeking opportunities during market pullbacks. The market is currently filled with pessimism and negative narratives, and investors should not be swayed by the noise. Historical experience shows that some previously strong tokens may not only return to their prior highs but even break through further once the next market cycle begins. The biggest opportunities often appear before market sentiment reverses and while mainstream investors have yet to change their views.
Dataline Closes $10.6 Million Seed Round, Backed by Coinbase Ventures and Others
According to The Block, Dataline, a decentralized data network for AI agents, has announced the closing of a $10.6 million seed round, co-led by Lattice and Samsung-backed Dispersion Capital, with participation from Symbolic Capital, Coinbase Ventures, Anagram, and Robinhood CEO Vlad Tenev. The round closed in April and utilized a SAFE with token warrants, though the valuation was not disclosed. Dataline plans to launch its token by the end of the year and conduct a public sale on Base via Uniswap’s Continuous Clearing Auction (CCA) mechanism, with specific details expected to be released next week. The team hopes to make this offering the largest Uniswap CCA on Base, but has not disclosed the total raise amount or the number of tokens being sold.
Dataline Completes $10.6 Million Seed Round with Participation from Coinbase Ventures and Others
Dataline, a decentralized data network project for AI agents, has announced the completion of a $10.6 million seed round, with participation from Coinbase Ventures and Robinhood CEO Vlad Tenev. The project also plans to conduct a public token sale through Uniswap's auction platform, with specific details expected to be announced next week and the token planned for launch before the end of this year.
orbio completes $1.2 million seed funding round, investors not yet disclosed
Odaily News: Robinhood ecosystem AI project orbio has announced the completion of a $1.2 million seed funding round, with investors not yet disclosed. The project's main business is building systems that allow agents to self-configure computing resources, hardware, and high-performance private infrastructure, as well as creating an AI model credit trading marketplace that offers discounted credit trading for over 400 AI models, including Claude Fable and GPT Astra. Public information shows that orbio was launched on the Pons platform, with Nvidia stock tokens as its base pool. As of press time, the ORBIO token has a market cap of $53.42 million, with a 24-hour gain of 26%. The relevant token has relatively low trading volume and significant price volatility, so investment requires caution.
Analysis: The AI Agent Era May Drive a Revaluation of Blockchain, as Traditional Finance and the Crypto World Converge
Citrini Research has stated that the barriers between traditional finance and the crypto industry are gradually dissolving, and with the proliferation of AI Agents, blockchain may be approaching a true inflection point for adoption.Citrini Research suggests that in the future, personal AI agents may be able to manage all of a user's financial assets, including allocating idle funds, executing investment decisions, and finding loan solutions. However, the existing financial system is built on manual processes, intermediaries, and compliance frameworks, making it difficult to adapt to round-the-clock, automated machine interaction needs.The firm believes that AI agents require financial infrastructure that is programmable, operates in real time, and requires no human intervention. After more than a decade of development, blockchain happens to possess characteristics such as asset digitization, on-chain settlement, and open financial applications. Previously, the crypto industry faced issues such as a complex user experience and a lack of real asset applications, but with the advancement of real-world asset (RWA) tokenization, traditional financial assets are gradually moving on-chain.Citrini Research points out that the development of tokenized equities, U.S. Treasuries, credit, and other assets, along with changes in the regulatory environment, is driving the convergence of traditional finance and crypto markets. The firm notes that recent developments — including Robinhood launching stock tokens, regulators exploring rules for tokenized assets, and on-chain markets such as Hyperliquid gaining attention from traditional finance — all indicate that the market is undergoing a shift.Citrini Research states that investors should focus not merely on whether assets will be tokenized, but rather on "who can capture the economic value in the tokenization wave." The firm believes that blockchain may ultimately become critical financial infrastructure in the AI agent era.
Bonk Guy: PONS's annualized revenue valuation is only 40% of PUMP's; Robinhood Chain is worth watching if it continues to grow
Bonk Guy stated on the X platform that PONS's current market sentiment may be at a long-term low, and compared it with PUMP: PONS's annualized revenue is approximately $156.8 million, with a market cap of about $375 million, corresponding to an annualized revenue multiple of approximately 2.39x; PUMP's annualized revenue is approximately $463.6 million, with a market cap of about $2.7 billion, corresponding to a multiple of approximately 5.82x.Bonk Guy said that PUMP is the leading Launchpad on Solana, while PONS is the leading Launchpad on Robinhood Chain; if Robinhood Chain continues to maintain market influence in the future, he believes PONS's current valuation is worth watching.
Robinhood CEO: Regulatory uncertainty over U.S. tokenization may hinder large-asset entry
According to Cointelegraph, Robinhood CEO Vlad Tenev stated during the third-quarter earnings call that the U.S. Securities and Exchange Commission's (SEC) tokenization innovation exemption is a positive development, but further rulemaking or legislation is still needed to provide long-term regulatory certainty for tokenized stock markets, otherwise it could hinder the entry of large-scale assets.
Robinhood CEO Says US Tokenized Market Needs Long-Term Regulatory Rules
Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)
CF Benchmarks Launches On-Chain Pricing Service, Bringing BlackRock Bitcoin ETF Index Data On-Chain
Odaily reports: CF Benchmarks, the index provider under Kraken's parent company Payward, has launched CFB Oracle, bringing pricing benchmarks for BlackRock's Bitcoin ETF and CME Group cryptocurrency futures into blockchain applications. The service provides benchmark data across cryptocurrency, equities, bonds, commodities, and forex markets, enabling developers to build products such as on-chain index funds, tokenized portfolios, and derivatives.CF Benchmarks states that its indices currently serve products representing over $120 billion in assets. CFB Oracle now supports Ethereum, HyperEVM, and Robinhood Chain, with plans to expand to other compatible networks in the future. Payward also plans to use the service to provide pricing data for its upcoming U.S. perpetual contract product, which is still awaiting regulatory approval. The service will compete with oracle providers such as Chainlink and Pyth. (CoinDesk)
Robinhood Secures Dubai License to Launch Middle East Retail Investment Platform Next Year
Bloomberg reported that Robinhood Markets Inc. plans to establish Dubai as its new operational base next year to launch its retail investment platform in the Middle East, further expanding its global business footprint. The company has obtained authorization from the Dubai Financial Services Authority (DFSA) to provide trading and custody services to individual investors, covering 10 categories of assets including stocks, cryptocurrencies, exchange-traded funds (ETFs), and investment tokens.
Robinhood's venture capital fund RVI invests $30 million in Erebor Bank
Odaily reports: Robinhood's venture capital fund Robinhood Ventures Fund I (NYSE: RVI) has announced that it has spent $30 million to purchase preferred shares of Erebor Bank, National Association, a U.S. bank. Erebor is a U.S. nationally chartered bank focused on the innovation economy, serving sectors including defense, robotics, artificial intelligence, and hard tech. The bank obtained a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC) and federal deposit insurance in February 2026, and its deposits have now exceeded $7 billion.Erebor was founded in 2025, co-founded by Palmer Luckey and others, and is backed by institutions including Valor Equity Partners, Lux Capital, and 8VC. RVI is the first fund under Robinhood Ventures and listed on the New York Stock Exchange in March 2026, primarily providing investors with exposure to private company equity by investing in private companies. (fxnewsgroup)
Crypto.com and Novig Sue Missouri, Seek to Pause Enforcement of Sports Event Contract Ban
Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Bonk Guy: Robinhood Earnings Boost On-Chain Ecosystem, PONS Captures 88% Market Share on Robinhood Chain Launchpad
Odaily reports: Trader Bonk Guy (@theunipcs) posted that Robinhood's latest earnings results represent a major positive for the on-chain ecosystem, with Robinhood Chain playing a key role in the growth of its crypto business revenue. Robinhood CEO Vlad Tenev also explicitly expressed positive expectations for the future development of its on-chain business.Bonk Guy further noted that PONS currently holds approximately 88% market share of the Robinhood Chain token launchpad. If the Robinhood Chain ecosystem has already bottomed out, PONS is well-positioned to capture a significant share of future capital flowing into the ecosystem, and he expressed strong bullishness on PONS's subsequent performance.
Bernstein: Robinhood prediction market revenue to reach $1.7 billion by 2028
According to Cointelegraph, Bernstein analysts stated in predictions shared with Cointelegraph on Monday that by 2028, prediction markets could generate up to $1.7 billion in revenue for Robinhood, surpassing the projected $1.6 billion from its crypto business that same year. Analysts project that Robinhood's prediction market revenue will rise from approximately $650 million this year to $1.7 billion in 2028, accounting for roughly 18% of its projected total revenue of $9.4 billion in 2028. Bernstein raised its revenue forecasts for Robinhood for 2026 by 3%, 2027 by 4%, and 2028 by 3%, while maintaining a $160 price target. The forecast was released the day before Robinhood's Q3 2026 earnings report. Bernstein expects its Q3 revenue to increase 13% quarter-over-quarter to approximately $1.5 billion.
Robinhood's Prediction Market Revenue Projected to Reach $1.7 Billion by 2028, Surpassing Crypto Business
Odaily reports: Digital trading platform Robinhood Markets' prediction market revenue is projected to reach $1.7 billion by 2028, exceeding the estimated $1.6 billion in crypto business revenue for the same period. Bernstein analysts expect prediction market revenue to grow from approximately $650 million this year to $1.7 billion by 2028, accounting for about 18% of the company's projected total revenue of $9.4 billion that year.Bernstein has raised its revenue estimates for Robinhood in 2026, 2027, and 2028 by 3%, 4%, and 3% respectively, while maintaining its $160 price target unchanged. Analysts expect the company's third-quarter revenue to grow 13% quarter-over-quarter to approximately $1.5 billion, driven by growth in equity notional trading volume, options trading volume, and event contract trading volume, as well as a recovery in crypto trading volume. (Cointelegraph)
Analyst: Robinhood Chain Meme Coin Trading Heat Declines, On-Chain Funds Flow More Toward Stablecoin Lending
Odaily Report: Crypto analyst The Smart Ape posted on X platform that data shows Robinhood Chain's daily Gas fees dropped from $8.4 million on September 4 to $34,000 on October 18, a decline of 99.6%. Comparing the most active 14 consecutive days with the most recent 14 days, Pons V2 fee revenue fell from $87 million to $7 million (-92%), GMGN from $22 million to $900,000 (-96%), and Axiom from $4.6 million to $300,000 (-94%). Additionally, the median price decline of Meme coins on the chain from their all-time highs reached 97%, with 72% of Meme coins falling by 90% or more.However, Robinhood Chain still had 873,000 active wallets last week, Gas fee revenue of approximately $345,000, and TVL hit an all-time high of $1.05 billion, of which about $480 million is concentrated in two stablecoin lending markets on Morpho, primarily involving leveraged arbitrage trading. Therefore, it is judged that the high-risk speculative capital on Robinhood Chain has clearly receded, with retained funds more concentrated in scenarios such as stablecoin lending, and there is a clear divergence between on-chain capital activity and TVL growth.
Bonk Guy: PONS Remains the Highest-Revenue Project in the Robinhood Chain Ecosystem, Ecosystem Recovery Could Drive It to Lead the Rally
Odaily reports: Trader Bonk Guy posted on X platform that despite a recent decline in PONS revenue, PONS remains the highest-fee and highest-revenue project in the Robinhood chain ecosystem across multiple timeframes including 24-hour, 3-day, and 7-day periods.Bonk Guy believes that the revenue decline is primarily driven by an overall drop in activity across the Robinhood chain, rather than a weakening of the project's own competitiveness. He stated that the Robinhood chain ecosystem may have reached a cyclical bottom, and if on-chain activity recovers, PONS revenue could resume growth and potentially become one of the leading tokens in the next ecosystem rally.
Cantor and Other Wall Street Institutions See Buying Opportunity in Crypto Stock Pullback After Binance Hack
Cantor highlighted Coinbase, Robinhood, and Strategy, expecting share prices to rebound once the panic subsides; TD Cowen believes this incident exposes Binance's own security vulnerabilities, while Compass Point stated that its liquidity is sufficient to cover the losses.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Robinhood CEO Discloses Attacker Compromised His X Account by Social Engineering X Customer Support to Bypass 2FA
Robinhood CEO Vlad Tenev stated that his X account was compromised last week. Attackers deceived X customer support through social engineering tactics, bypassing security measures such as two-factor authentication and login alerts, and posted false content related to meme coins. Subsequently, the X security team assisted in swiftly removing the relevant posts and restored account access on the same day.
Robinhood CEO's X Account Hacked, Fake Meme Coin Information Deleted
According to The Block, Robinhood CEO Vlad Tenev's X account was hacked at approximately 17:24 UTC on July 23. Hackers posted claiming to launch "Vladhood ($VLAD)" as the "official mascot of Robinhood Chain," and attached a contract address. The Robinhood Chain blockchain explorer has labeled the token as a "potential scam," and the token has generated approximately 1,868 transactions since deployment. Robinhood officially confirmed later that the account was compromised, the relevant posts have been deleted, and the company is working with the X platform to restore account access.
Robinhood CEO Vlad Tenev's X account was hacked
Odaily Planet Daily reported that Onchain Lens stated on the X platform that Robinhood CEO Vlad Tenev's X account was hacked.
Pons responds to front-end authorization vulnerability: Launchpad trading page lacks Multicall3 functionality, only $0.66 worth of NOXA affected
Robinhood Chain launchpad Pons has officially responded to earlier reports about a token authorization vulnerability in its front end, stating that the Pons launchpad trading page does not have any Multicall3 functionality. The Multicall3 feature mentioned in the tweet originated from the previous Debank Chain old version bridge and was released before the Pons launchpad, thus it does not affect launchpad users. It is currently confirmed that only 0.60 NOXA tokens, valued at approximately $0.66, are affected.As a security precaution, Pons recommends that users who previously used the old version bridge revoke token authorizations via revoke.cash. The team is currently working with audit firms to investigate potential risks and has stated that Pons' front-end services will be restored after confirming the absence of any actual vulnerabilities.
Uniswap Labs Opens TJAR Fee Conversion Tool to Third-Party Apps, Robinhood Becomes First Partner
According to The Block, Uniswap Labs has launched the open-source fee conversion tool TJAR, enabling applications to convert cross-chain fees collected in various tokens into a specified token, with Robinhood becoming the first integrated partner. The tool leverages smart contracts to allow searchers to compete for executing token swaps, while applications retain full autonomy to select their preferred receiving token and recipient address.
Kraken Launches Kraken Wallet Browser Extension, Supporting Multi-Chain Wallets, Cross-Chain Swaps, and Bridging
Washington Sanchez, Head of Product at Kraken Wallet, stated that the self-custodial Kraken Wallet browser extension is now live, supporting multiple networks including Bitcoin, Ethereum, Solana, Ink, Base, and Robinhood Chain. Users can create or import wallets using a mnemonic phrase or private key, use view-only wallets, or log in via email, Google, Apple, or passkeys. The extension also supports single-chain and cross-chain swaps, as well as cross-chain bridging, with related fees set at 10 basis points.
Robinhood stock tokens are now live on Uniswap Protocol, Apps, and API, supporting self-custody and 24/7 access
Uniswap posted on X that the new Robinhood stock tokens are now live globally on Uniswap Protocol, Apps, and API, supporting self-custody and 24/7 access.
Robinhood Chain Adds 8 Stock Tokens
According to official announcements, Robinhood Chain has added 8 new stock tokens: J.P. Morgan, Visa, PayPal, BMNR, McDonald's, Disney, Uber, and the VanEck Gold Miners ETF.
Robinhood CEO Says US Tokenized Market Needs Long-Term Regulatory Rules
Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)
RLUSD will launch on the Robinhood app by the end of the year.
Ripple has partnered with Robinhood, and RLUSD, with a market capitalization exceeding $2.5 billion, is expected to launch on the Robinhood App by the end of 2026.
Related news
Cantor and Other Wall Street Institutions See Buying Opportunity in Crypto Stock Pullback After Binance Hack
Cantor highlighted Coinbase, Robinhood, and Strategy, expecting share prices to rebound once the panic subsides; TD Cowen believes this incident exposes Binance's own security vulnerabilities, while Compass Point stated that its liquidity is sufficient to cover the losses.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Uniswap Labs Opens TJAR Fee Conversion Tool to Third-Party Apps, Robinhood Becomes First Partner
According to The Block, Uniswap Labs has launched the open-source fee conversion tool TJAR, enabling applications to convert cross-chain fees collected in various tokens into a specified token, with Robinhood becoming the first integrated partner. The tool leverages smart contracts to allow searchers to compete for executing token swaps, while applications retain full autonomy to select their preferred receiving token and recipient address.
ARK Invest Buys the Dip on Robinhood, Investing $9.1 Million to Increase Stake
According to CoinDesk, Ark Invest, led by Cathie Wood, purchased approximately $9.1 million worth of Robinhood (HOOD) shares on Wednesday, adding a total of 99,418 shares across the ARKK, ARKW, and ARKF ETFs. This marks Ark's largest Robinhood stock purchase since April 29, as well as its first increase in holdings since September 8.
Kraken Launches Kraken Wallet Browser Extension, Supporting Multi-Chain Wallets, Cross-Chain Swaps, and Bridging
Washington Sanchez, Head of Product at Kraken Wallet, stated that the self-custodial Kraken Wallet browser extension is now live, supporting multiple networks including Bitcoin, Ethereum, Solana, Ink, Base, and Robinhood Chain. Users can create or import wallets using a mnemonic phrase or private key, use view-only wallets, or log in via email, Google, Apple, or passkeys. The extension also supports single-chain and cross-chain swaps, as well as cross-chain bridging, with related fees set at 10 basis points.
Robinhood stock tokens are now live on Uniswap Protocol, Apps, and API, supporting self-custody and 24/7 access
Uniswap posted on X that the new Robinhood stock tokens are now live globally on Uniswap Protocol, Apps, and API, supporting self-custody and 24/7 access.