Robinhood’s $225.5M venture fund opens below IPO price
Robinhood Ventures Fund II has raised $225.5 million and opened at $22.50 on the New York Stock Exchange, 10% below its $25 initial public offering price. Summary RVII raised $225.5 million a
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Stablecoins
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Binance Gen Z traders lift ETF share to 25%
Gen Z traders on Binance have increased the ETF share of their equity trading volume to 25% in early August as their allocation to individual stocks has declined. Summary ETFs accounted for 2
World Liberty Financial Receives Preliminary Federal Bank Charter Approval Amid Political Controversy
Key Highlights World Liberty Trust Company received preliminary conditional approval from the OCC for a federal bank charter on Friday The company intends to assume USD1 stablecoin issuance r
Payward Reports $508M Q2 Revenue, Up 17% Year-Over-Year Despite Market Headwinds
Key Highlights Q2 adjusted revenue reached $508M, marking a 17% year-over-year increase Platform transaction volume decreased 13% to $310 billion amid softer crypto spot market User base expa
Sherlock Audit Found 96 Bugs in XRP Ledger Before Release
A Sherlock security audit identified 96 bugs in XRP Ledger code before the release reached users, marking one of the more substantial pre-deployment reviews reported for the network's softwar
World Liberty Trust Company Gets Conditional OCC Approval for USD1
TLDR: World Liberty Trust Company secured preliminary OCC approval for a national trust bank supporting USD1. USD1 has surpassed $4 billion in circulation as World Liberty advances its regula
Binance to block transactions with 11 crypto platforms from August 23
Binance will block all transactions involving 11 different crypto platforms starting August 23, citing ongoing regulatory developments and the need to strengthen compliance standards. This mo
World Liberty Financial Gets Preliminary OCC Approval for USD1-Linked National Bank
World Liberty Financial has received preliminary conditional OCC approval to establish a national trust bank tied to its USD1 stablecoin, a regulatory milestone that would let the firm issue
Jane Street Takes $15B July Hit As Situational Awareness AI Bets Unwind
Jane Street suffered roughly $15 billion of losses in July after its investment in AI-focused hedge fund Situational Awareness fell sharply alongside positions exposed to the broader technolo
Galaxy Digital Cuts CLARITY Act Passage Odds to 10% as Senate Vote Slips
TLDR: CLARITY Act passage odds have dropped to 10% as Senate negotiations remain unresolved. Senate leaders delayed the CLARITY Act vote after political and banking disputes stalled negotiati
XRP Price Crash Triggers 3-Month Bearish Extreme -Here’s What the Data Shows
I am not even sure what to say about this week’s price action. It is absolutely horrible. XRP price is around $1.00 for days, not moving in either direction really. I am starting to think thi
Bitcoin Miner Hyperscale Data Turns 685 Coins Into AI Data Center Cash
Hyperscale Data sold roughly 685 Bitcoin(BTC) for about $43 million, cutting its treasury to 275 coins to fund a Michigan data center buildout. Key Points: Hyperscale Data sold about 685 Bitc