Markets news
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Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow
Robinhood posted record revenue of $1.42 billion but earned $0.51 per share, short of the $0.55 expected, as bets on sports and elections grew to $173 million and crypto edged up.
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Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top
Speaking at Ripple's conference, the U.S. Treasury Secretary said the SEC and CFTC action could help fill the gap left by the Clarity Act's failure, while curbing crypto debanking.
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Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans
Ripple's RLUSD stablecoin is live on Robinhood Chain and Bitstamp, and heads to the Robinhood app later this year as the companies deepen ties in treasury and institutional trading.
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Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom
Bitcoin Magazine Bitcoin Price Rests Near $80,500 as Midterms, Fed Decision Loom Bitcoin price traded near $80,500 most of Tuesday, holding above the $80,000 level that has become the market’s line in the sand. Prices ranged between roughly $79,400 and $80,800 over the day, according to Bitcoin...
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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.
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Circle’s Arc Tops $1 Billion in USDC
Stablecoin market cap rose 32% in a week in DefiLlama’s daily data, while four addresses hold about 73% of the network’s USDC.... Read the full story at The Defiant
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CFTC Sues Utah to Block Prediction-Market Enforcement
The federal complaint targets Utah's case against Kalshi and Susquehanna, seeking to bar investigations as well as enforcement against federally regulated markets.... Read the full story at The Defiant
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Brazilian companies turned to stablecoins on election day to dodge a currency crash
USDT volume on crypto exchange Mercado Bitcoin jumped nearly 800% and bitcoin volume surged 865%. Binance’s USDT/BRL market tripled while the global BTC/USDT pair fell.
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Ten Decrees: Old Masters, New Money
Bitcoin Magazine Ten Decrees: Old Masters, New Money On August 15, 1971, Richard Nixon announced that he had directed Treasury Secretary John Connally “to suspend temporarily the convertibility of the dollar into gold.” The suspension was never lifted. Fifty-five years later to the day, Lucho...
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USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko
USDC’s share of euro stablecoin trading has climbed to 56% since January 2024, with deeper liquidity as exchanges restrict USDT under MiCA.
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McDonald's McRib Doesn't Actually Boost Bitcoin's Price, Sorry Everyone
Crypto traders think the McRib’s return to McDonald's means a Bitcoin pump is coming. Experts say there is "no correlation at all."
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Polymarket Investigated 'Dozens' of Midterm Bets, NPR Reports
At least two investigations were referred to the CFTC, NPR reported, as the platform's House-control market approached $24 million in cumulative trading volume.... Read the full story at The Defiant
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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 funding rates work, and how market design affects execution, fairness, risk, and resilience.
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Predict Fun users lose $260K in ‘likely’ ongoing draining incident
Users of BNB-based prediction market Predict Fun have lost roughly $260,000 in a draining incident that's likely to claim even more. On Tuesday, crypto analyst “Dethective” claimed they'd been drained for roughly $5,000 in an incident linked to Predict Fun. The funds were bridged to Ethereum and...
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Stop-Loss vs. Stop-Limit: Why a Trigger Is Not a Fill
A matched price-gap example shows why one order may sell below its trigger while the other leaves tokens unsold. Onchain swaps add liquidity and transaction checks.... Read the full story at The Defiant
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Bitcoin miners' move into AI is creating a new market for trading computing power
Luxor raised $16 million to expand into AI hardware and trading, betting that computing power will become a market where companies can hedge costs and prices.
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Hayes details FLOP’s AI compute derivatives vision after selling his altcoins
Arthur Hayes revealed the derivatives market design for Flop Network and how he expects its native token could transform AI compute into a tradable commodity.
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Bitcoin price analysis sees ‘strong rally’ as old coins become dormant
A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.
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Anthropic was keeping its IPO share price secret — footnote reveals $71.43
Anthropic filed its IPO prospectus on Monday with the share price left blank but a footnote reveals that its board of directors thought the stock was worth approximately $71.43 barely a month earlier. Even though Anthropic wanted to keep its formal share price quiet as of the end of the third...
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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.
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Bitcoin drops below $80,000 as crypto ignores Asian tech rally, Fed meeting begins
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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Now is the time to accumulate bitcoin, Galaxy says
Galaxy argues improving price trends, resilient ETF demand and rising U.S. debt support bitcoin’s recovery towards its previous high.
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Bitcoin ETFs claw back $110M after $774M exit
US spot Bitcoin ETFs remained in the red for October, with about $202 million in net outflows for the month despite Monday’s rebound.
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Zcash co-founder proposes ending grants funding, citing $125 million treasury
Sean Bowe’s proposal would send the committee’s 8% share of newly created ZEC to a reserve for future miners. The committee would keep the money it has already received.
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StoneX lifts Strive price target 34% as new stock offering bolsters bitcoin strategy
StoneX has raised its price target for bitcoin treasury company Strive to $43 from $32 and reiterated its Buy rating on the stock.
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BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins
BlackRock, SBI Holdings, and Startale will explore connecting tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC.
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OpenAI Launches GPT-6.1 Terra, Its Half-Good AI Model at Half the Price
OpenAI's mid-tier model now operates apps and screens more like a person would, with API prices 50% below GPT-5.6 Terra and an error rate that OpenAI says fell sharply.
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Injective launches onchain futures market tracking Nvidia GPU rental costs
The new index tracks rental prices for five Nvidia GPUs, offering leveraged trading and potential hedging against fluctuations in AI computing costs.
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CZ pitches BNB Chain’s role in AI as BNB Standard rings Nasdaq bell
CZ sees AI driving crypto use, while BNB Standard plans to expand beyond holding tokens in its treasury.
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Why Prediction Markets Got the Brazilian Election So Wrong
Experts say Brazil's prediction market ban left the odds in the hands of traders with little knowledge about the election.