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In brief Robinhood generated $1.2 billion in revenue in its third quarter. In its latest Robinhood note, investment bank Compass Point maintained a “buy” rating and boosted its price target to $161. Robinhood’s prediction markets are gaining traction in the U.S., but the firm is also looking to expand them to other countries. Robinhood Markets generated $1.2 billion in revenue for its third quarter, a nearly 100% gain from the same period a year ago, the firm announced Wednesday, exceeding analysts’ expectations and continuing the online brokerage’s strong top-line growth.Robinhood also surpassed forecasts with earnings per share of $0.61, a…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With a Solana Spot ETF now in the market, prominent figures and companies are significantly pushing for an XRP Spot ETF, considering it the next big thing for the crypto landscape. As the approval date draws closer, several companies, such as Grayscale, are refining their regulatory approach. Grayscale Sharpens Its XRP ETF Strategy Given the wave of fresh applications, the race for an XRP Spot Exchange-Traded Fund (ETF) continues to heat up in the crypto sector. One of the most recent moves to ensure that the funds…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a shocking and devastating development, the price of Bitcoin has fallen back to the key $100,000 price mark after months of trading above the level. BTC’s ongoing robust decline has triggered a wave of uncertainty in the market, causing large investors to offload their coins. However, short-term or retail investors are unfazed by the drop as they go on a BTC buying spree. A Difference In Action Between Big And Small Bitcoin Investors As the Bitcoin price continues its downward move back to key support levels,…
Record difficulty and declining on-chain fees have dragged Bitcoin mining profitability to a two-year low, creating a widening divide between miners surviving on razor-thin margins and those reinventing themselves as data-center operators for the AI boom. Mining used to be a homogeneous industry moving in sync with Bitcoin’s price. However, it’s now evolving into a two-speed economy, where hashpower defines success, not energy strategy. At roughly $42.14 per terahash per day, Bitcoin’s hashprice (the industry’s shorthand for miner revenue per unit of computational power) has fallen into the bottom 4% of its two-year range. Over the past month alone, it’s…
In brief The price of Bitcoin and Ethereum has plunged this week. U.S. investors have been cashing out of the spot Bitcoin and Ethereum ETFs. Since October 29, a total of $2.6 billion has left the crypto investment vehicles. Investors have cashed out a combined $2.6 billion from U.S. Bitcoin and Ethereum exchange-traded funds over the past week, marking one of the largest redemption periods in the funds’ history. The more than $1.9 billion that left the Bitcoin funds and $718.9 million pulled out of their Ethereum counterparts since October 29, according to data from Farside Investors, has helped put downwards…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase filed for a national trust company charter in October 2025, a step the company says would let it offer custody and trust services under federal supervision rather than a patchwork of state rules. Reports show that the move immediately drew a formal challenge from the industry group representing many community banks. Coinbase Seeks A National Trust Charter According to public filings and market coverage, Coinbase’s application names a subsidiary intended to operate as a national trust company. The company says the charter would help clients get…
In brief Galaxy has lowered its end-of-year price target for Bitcoin from $185,000 to $120,000. The new target comes after BTC dropped below $100,000 for the first time in six months. The institutional crypto firm said that Bitcoin is entering its “maturity era,” in which volatility will be lower. Galaxy told its clients on Wednesday that it is slashing its end-of-year target for Bitcoin, from $185,000 to $120,000. It comes after BTC dropped below $100,000 for the first time in six months on Tuesday, as more than $2 billion worth of liquidations swept the market.The institutional crypto firm’s note said…
In brief Bitcoin’s swoon below $100,000 didn’t sour the vibes at a Florida crypto conference. One attendee said that reflects a maturing industry. Most people were eager to participate in networking events. Most attendees at a crypto conference in South Florida on Wednesday were eager to talk about the industry—between Labubu-fueled marketing tactics and the local party scene—but Bitcoin’s recent fall to $100,000 wasn’t top of mind for many.At the Seminole Hardrock in Davie, several conferencegoers told Decrypt that they weren’t checking charts as Bitcoin’s price hovered near a five-month low. They soaked up the sun and commiserated with colleagues…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin’s Relative Strength Index (RSI) has just dropped below 50, sparking major concerns that the BTC price might be heading for another major correction. This move has also prompted analysts to closely watch for signs of an increased sell-off, as they decipher what the new RSI level means for the market. Historically, when the RSI of BTC falls below this level, it often leads to a significant price crash. This suggests that if past patterns were to repeat, Bitcoin could be gearing up for further breakdowns. RSI…