Topic: #robinhood
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Robinhood slides 4% despite earnings beat as crypto revenue cools
Robinhood reported record revenue of $1.31 billion and beat earnings expectations, but shares fell 4% after-hours as crypto trading revenue declined 38% year-over-year to $100 million, though gains in options, equities and prediction markets offset the slowdown.
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Robinhood Chain's tokenized stocks surge to $70 million in real-world assets
Real-world assets on Robinhood Chain jumped fivefold to $70 million, with a dozen tokenized stocks now clearing $500,000 daily. The chain's total value locked nearly tripled to $312 million since mid-July, though memecoins and stablecoins still dominate trading activity.
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Robinhood CEO's X account hacked to promote fake $VLAD memecoin
Vlad Tenev's X account was compromised Thursday and used to promote Vladhood ($VLAD), a fake memecoin falsely claiming Robinhood app listing. The incident highlighted rising memecoin activity on Robinhood's newly launched blockchain, which has attracted $700 million in assets.
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Noxa shuts down after $12M fee haul, CASHCAT crashes 33%
Robinhood Chain's largest token launchpad Noxa stopped operations after accumulating roughly $12 million in fees, citing low-quality tokens, and announced it would redirect all future revenue to creators. CASHCAT, the memecoin that built Noxa's reputation, dropped 33% in 24 hours following the shutdown.
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Robinhood Chain hits top-five DEX volume in debut week
Robinhood Chain, an Ethereum layer-2 blockchain launched July 1, generated $3.1 billion in decentralized exchange volume in its first week and attracted 65,000+ users, Bernstein analysts said Monday. The early surge reflects growing interest in tokenized asset infrastructure, though memecoin trading has dominated early activity.
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Robinhood Chain launches on Arbitrum for tokenized assets and DeFi
Robinhood officially launched the public mainnet for Robinhood Chain, a layer-2 blockchain built on Arbitrum, and rolled out new crypto products including decentralized lending and AI-powered trading tools.