Markets
Robinhood earnings miss, crypto weakness fail to shake Wall Street’s bullish outlook
Bernstein sees Robinhood’s crypto business shifting toward infrastructure as new products like prediction markets and perps gain ground.
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Bitcoin
Bitwise raises bitcoin price target to $1.6 million by 2036, projects 34% annualized returns
Bitwise's bear case puts bitcoin at $130,686 by 2036, while its bull case reaches $3.67 million over the next decade.
Altcoins
Coinbase adds Ripple’s RLUSD stablecoin across retail, exchange and Prime platforms
RLUSD is live on Coinbase with 1:1 USD conversion on XRP Ledger, Ethereum and Base, capping a big week of news for Ripple.
Altcoins
Avail launches ShieldTX privacy tool targeting copy-trading bots on Hyperliquid
Avail launched ShieldTX, a Hyperliquid privacy tool that creates a separate wallet for each perpetual futures position.
Regulation
Crypto braces for potential shift in congressional oversight after midterms
Post-Clarity Act, the crypto sector could find itself navigating a very different political landscape under a new Congress.
Altcoins
Ripple expects $900 million annualized product revenue run rate as institutional business expands
Ripple expects a $900M annualized product revenue run rate by end of 2026, as RLUSD reaches $2.5B and payments near $150B in lifetime volume.
Altcoins
Moody’s assigns investment-grade ratings to Ripple’s RLUSD stablecoin
Moody's Ratings assigned the RLUSD A2 long-term and P-1 short-term ratings, citing credit quality and market value of its reserve assets.
Bitcoin
Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
Tech & AI
Robinhood Chain brings in $26 million as crypto revenue rises 20% in Q3
Robinhood’s blockchain boosted crypto revenue, while prediction markets brought in $173 million in the third quarter.
Regulation
CFTC sues Utah as battle over prediction market regulation intensifies
The CFTC is escalating its legal fight with states, suing Utah after the state filed a lawsuit against prediction market platform Kalshi.
Regulation
Crypto.com and OG.com launch US crypto perps with up to 5x leverage
The contracts have no expiration date and allow traders to bet on crypto prices rising or falling.
Markets
Canton-based trading platform Cancore raises $7.2 million at $60 million token valuation
Cancore, a Canton-based trading platform connecting assets on the network with liquidity on public blockchains, has raised $7.2 million in seed funding. Paper Ventures, dao5, ArkStream Capital, X…
Markets
SoFi discloses 503,000 crypto products as gross crypto revenue hits $162 million
SoFi broke out crypto products for the first time. Gross crypto revenue rose 20%, while total net revenue hit a record $1.39 billion.
Altcoins
Ripple, BNY explore using the XRP Ledger to finance approved invoices
BNY adds XRP and RLUSD to its custody platform, as Ripple and C2FO test settling invoice payments on the XRP Ledger.
Markets
Galaxy Digital swings to $323 million quarterly profit, announces new $200 million share buyback
Galaxy returned to profitability in the third quarter as trading volumes and lending increased, with a new $200 million buyback authorized.
Bitcoin
Bitcoin mining infrastructure firm Luxor raises $16 million to expand AI business
The company plans to expand its AI business and hire about 12 people by year-end, COO Ethan Vera told The Block.
Markets
Crypto Market Structure Explained
Crypto market structure is the architecture behind digital asset markets. It explains who participates, where trades happen, how liquidity forms, how prices are discovered, how derivatives and…
Regulation
Zcash co-founder proposes ending grants subsidy, citing $125 million treasury
Zcash co-founder Sean Bowe proposed ending automatic grants funding, citing a treasury valuation of more than $125 million.