Robinhood

The Nasdaq-100 recovered Friday, but the broader market tone remains shaped by elevated long-end yields and a rotation away from rate-sensitive technology. Banks and materials led improved breadth, while oil above $93, PCE, Jackson Hole and Nvidia earnings now form the next major test for risk appetite.

Bitcoin rallied to its highest level since June 2 as ETF demand, lower long-term bond yields and renewed crypto policy discussions supported risk appetite. Technical traders are watching 65,000 as the key support level and 72,000 as the next upside target.

Bitcoin advanced overnight, with BTC/USD trading around 64,600 after recovering from this week’s low of 62,357. Traders are watching a White House crypto meeting, renewed spot Bitcoin ETF inflows, rising long-term bond yields, and technical resistance near 66,875.

President Donald Trump is expected to attend a White House innovation meeting with executives from crypto, prediction markets and artificial intelligence. The gathering is set to precede the inaugural event of a new Commodity Futures Trading Commission advisory committee focused on innovation and regulatory priorities.

Polymarket is reportedly pursuing a new funding round at a $20 billion valuation, months after closing capital at a $15 billion valuation. The move comes as prediction markets draw deeper interest from crypto platforms, brokerages and regulated competitors.

Real world asset perpetuals are expanding rapidly as traders seek round-the-clock exposure to commodities, equities and private-market themes. While tokenization remains a major institutional trend, market participants increasingly see perps as a faster-moving and potentially more scalable product layer.

Bitcoin and ether slipped into the end of July, diverging from gains across Asian equities and U.S. index futures. The broader crypto market remained on track for its strongest monthly advance in a year, but derivatives positioning showed traders leaning cautious.

Coinbase shares fell in after-hours trading after the crypto platform reported second-quarter revenue below Wall Street expectations. Weak digital asset trading, lower transaction revenue and pressure on subscription and services revenue kept investor attention on the company’s push beyond spot trading fees.

Robinhood posted stronger-than-expected second-quarter results and record revenue, but investors focused on a sharp decline in crypto trading revenue. The brokerage also highlighted new blockchain and AI trading products as it expands beyond its core retail trading business.

Fanatics has agreed to acquire Water Street Labs and CX Clearinghouse from BGC Group, giving the sports company control of federally regulated prediction market infrastructure. The transaction strengthens its ability to list, clear and settle event contracts as competition grows across sports, finance and crypto-linked platforms.

Robinhood confirmed that CEO Vlad Tenev’s X account was compromised and used to promote a fraudulent memecoin called Vladhood. The incident landed as speculative activity accelerates around Robinhood’s newly launched blockchain network.

SEC Commissioner Hester Peirce said some crypto vaults and onchain lending strategies may fall within federal securities laws depending on how they are structured and managed. The comments weighed on Morpho’s token and sharpened the regulatory focus on one of DeFi’s fastest growing yield sectors.

Autonomous AI agents are expected to need fast, programmable payment systems as they begin buying services, data and computing resources with limited human input. That shift is putting blockchain networks and crypto assets back into the discussion as investors search for the next phase of the AI trade.

Payward is widening its xStocks framework beyond U.S. equities with plans to add Hong Kong-listed shares and later U.K., European and South Korean stocks, pending regulatory approvals. The move intensifies the race to bring global stock markets onchain as tokenized securities gain momentum across crypto and traditional finance.

Prediction markets posted a record breakout during the first month of the 2026 FIFA World Cup, with Kalshi, Polymarket and Rothera drawing massive volume and new users. The surge showed how event contracts are moving deeper into mainstream sports wagering and institutional trading circles.

Franklin Crypto CIO Seth Ginns says institutional engagement with digital assets is building even as market prices remain under pressure. He pointed to tokenization, stablecoins, regulatory clarity and stronger token economics as potential drivers of renewed institutional demand.

Robinhood Chain has quickly become one of the busiest blockchain networks for decentralized exchange activity after its public mainnet launch. The early performance points to rising demand for tokenized equities, stablecoins and real-world asset use cases across DeFi.

Arbitrum’s ARB token led the top 100 cryptocurrencies after Robinhood Chain recorded $568 million in daily trading volume. The new chain, built on Arbitrum’s technology stack, sends 10% of net protocol revenue back to the Arbitrum ecosystem.

CASHCAT has surged into the spotlight on Robinhood Chain, reaching a market value of about $105 million while delivering huge gains for several early wallets. The rally is also exposing the familiar dangers of memecoin trading, with thin liquidity, sharp swings, and late buyers facing steep risk.

Dinari and tZERO are combining technology and regulated market infrastructure to help broker-dealers offer tokenized U.S. equities. The partnership lands as financial firms debate whether blockchain-based stocks should be synthetic, issuer-sponsored or backed directly by underlying shares.

Bitcoin climbed back above $61,000 after weak U.S. labor data eased rate-hike fears and lifted risk assets. Ether led derivatives liquidation pressure, while Uniswap, Solana and select AI tokens posted notable gains.

eToro has joined a $12.5 million funding round for Extended, an onchain derivatives platform led by Revolut’s former crypto chief. The broker also plans to bring perpetual futures into Zengo wallet as it broadens its DeFi strategy.

Robinhood has launched the public mainnet for Robinhood Chain, its Layer 2 blockchain, opening tokenized stock trading to users in more than 120 countries. The move also introduces Robinhood Earn, a decentralized lending product offering an estimated 7% yield on USDG.

Robinhood expands internationally with a $179 million acquisition of WonderFi, owner of Bitbuy and Coinsquare, aiming to strengthen its position in Canada’s growing crypto market.