Wall Street bank JPMorgan (JPM) called Robinhood’s (HOOD) third-quarter results solid but lower quality, as weaker crypto revenue and tax benefits drove much of the earnings beat. The bank said the roughly 15% earnings per share (EPS) beat was mostly due to a lower tax rate tied to stock-based compensation from the 52% rise in
Mike Novogratz, founder and CEO of Galaxy Digital, made remarkable assessments regarding the crypto markets in his statement on the social media platform X. Galaxy CEO Novogratz: “We Haven’t Reached the Top of This Cycle Yet, A Dovish Fed Chair Could Revitalize the Market by Year-End.” While Novogratz acknowledged that current market conditions are weak,
Bitcoin spot ETFs recorded net inflows of $240 million, ending a six-day straight outflow trend, according to SoSoValue data. Bitcoin and Ethereum Spot ETFs Re-Entry Wave: $240 Million Net Inflow The bulk of the inflows came from the market’s two largest fund providers. BlackRock’s IBIT ETF saw net inflows of $112 million in a single
Shares in Jack Dorsey’s Block Inc. dropped almost 12% in after-hours trading on Thursday after its third-quarter earnings missed analyst estimates. The crypto-friendly fintech firm posted an earnings per share of 54 cents for Q3, missing analyst estimates of 63 cents by 14%. Meanwhile, its Q3 revenues of $6.11 billion were up 2.3% year-on-year, but
Nearly half of exchange-traded fund (ETF) investors are planning to buy a crypto ETF, matching those who said they’d buy a bond ETF, according to a report from brokerage giant Schwab Asset Management. In its ETFs and Beyond report released on Thursday, Schwab found that 52% of respondents to its survey were planning to invest
Key Highlights In his speech, Federal Reserve Governor Christopher Waller stated that stablecoin could increase competition in the world of digital payments He highlighted stablecoin’s nature to enhance the payment system by making financial settlement faster and cheaper After the approval of the GENIUS Act, many payment giants and banking institutions are rushing to integrate
Chris Larsen just broke into the global top‑200 richest people, and it happened fast.The move came after the U.S. government and Wall Street shifted their tone toward crypto. The Securities and Exchange Commission ended its five‑year lawsuit against Ripple back in August, clearing a major weight off the company. Then this Wednesday in San Francisco,
US Federal Reserve Chairman Jerome Powell recently stated that the Fed will soon expand its balance sheet again — effectively preparing for a new phase of quantitative easing. The news sent crypto investors into a frenzy in anticipation of a surge in fresh liquidity. At the same time, skeptics warned that it could inflate a
Researchers at Gwangju Institute of Science and Technology in Korea just proved that AI models can develop the digital equivalent to a gambling addiction. A new study put four major language models through a simulated slot machine with a negative expected value and watched them spiral into bankruptcy at alarming rates. When given variable betting