News linked to both this project and an event.
Odaily reports: According to market sources, social platform X will allow users to trade SPCX through brokerage channels including Coinbase and Robinhood.It is important to note that SPCX is a trading contract related to the SpaceX IPO, which has already garnered attention in the crypto derivatives market. This product does not represent holding SpaceX stock or company equity, but rather serves as a trading instrument reflecting market expectations of SpaceX's valuation at the time of its listing.
a new stock guru, Serenity, posted on X platform, stating that with the progress of US crypto regulatory policies, crypto-related stocks such as Coinbase (COIN), Robinhood (HOOD), and Circle (CRCL) may once again attract attention.Serenity believes that if the CLARITY Act advances in its current direction, it may be more favorable for the traditional banking system, potentially limiting certain innovations in the crypto space and products that compete with banking services. Additionally, related policies could impact market liquidity, but may strengthen the position of the US dollar.Serenity stated that for swing traders, the current valuation levels of these stocks appear to be attractive once again.
According to TechFundingNews, stablecoin payments company NALA announced it has secured a $50 million credit facility from Liquidity through Mars Growth Capital, its joint venture with Japan’s Mitsubishi UFJ Financial Group (MUFG). The new capital will be used to develop its stablecoin payment infrastructure, with a focus on expanding cross-border payments in emerging markets—including Africa and Asia—by offering real-time stablecoin-based payments and collections, pre-funded accounts, and treasury management services. Earlier, in July 2024, NALA closed a $40 million Series A round led by investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, and Amplo, as well as angel investors Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.
Robinhood has filed for the public offering of its second venture capital fund, RVII, approximately two months after the listing of its first fund, RVI. Robinhood stated that RVII’s fundraising target has not yet been determined; RVI previously targeted $1 billion but raised less than that amount. Public records indicate that RVI holds stakes in 10 private companies, including OpenAI, Stripe, Databricks, and Revolut. Robinhood noted that both funds enable retail investors to purchase publicly traded shares linked to portfolios of private startups through standard brokerage accounts.
According to Forbes, SBF’s early investment portfolio is undergoing renewed market scrutiny; had he not been imprisoned due to the FTX collapse, his venture capital returns could theoretically have generated wealth growth reaching approximately $100 billion. Prior to FTX’s collapse, SBF had built an investment portfolio spanning several high-profile companies—including Anthropic, SpaceX, Robinhood, and Cursor—with Cursor valued at $60 billion and Anthropic nearing a $90 billion valuation. Rory O’Driscoll, Partner at Scale Venture Partners, noted that SBF had backed multiple pivotal AI companies even before the ChatGPT era, demonstrating an exceptionally rare investment acumen.
According to an official announcement, Robinhood has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) to launch brokerage services in Singapore, covering securities trading, exchange-traded derivatives, custody, product financing, and collective investment schemes. Robinhood stated that Singapore will serve as its Asia-Pacific headquarters to support its international expansion. Its subsidiary, Bitstamp Asia Pte. Ltd., already holds a Major Payment Institution (MPI) license issued by the MAS. Note that in-principle approval is not equivalent to a formal license; Robinhood Singapore Pte. Ltd. must still meet relevant conditions before receiving final approval to commence operations.