Author: NBTC

Robinhood posted record second-quarter net revenue of $1.31 billion, up 32% year-over-year, as activity across prediction markets, options, and equities helped offset a sharp decline in crypto income. The company’s transaction-based revenue jumped 44% to $776 million during the quarter. Event contracts emerged as one of its fastest-growing businesses. In fact, revenue from event contracts reached $156 million, more than 10 times higher than a year earlier. The number of contracts traded also surged more than 10x to a record 13.6 billion. Prediction Markets Steal the Spotlight Speaking about the growth of prediction markets, Chairman and CEO Vlad Tenev said…

Mitsubishi UFJ Financial Group (MUFG) plans to use blockchain technology to offer faster settlement of Japanese government bond (JGB) transactions, in a move reminiscent of similar initiatives by banks in other countries. MUFG is preparing a proof-of-concept for onchain JGB transactions using the Canton network to expedite the settlement, which typically takes 1-3 days by traditional means. The Tokyo-based bank expects to improve the operational and capital efficiency of repo transactions — the purchase of securities as a form of short-term borrowing and lending — through real-time 24/7 onchain settlement. MUFG noted that financial institutions in Europe and the U.S.…

Bitcoin ($BTC) slipped below $64,500 after Monday’s Wall Street open as markets digested more US-Iran uncertainty. Key points: Bitcoin joins US stocks in selling off amid uncertainty over whether the Strait of Hormuz will reopen. The Japanese yen commands attention as it slides back toward historic lows against the dollar. Bitcoin analysis doubts market strength despite “exceptionally strong” institutional inflows. Iran warns “no military solution” to Hormuz closure Data from TradingView showed $BTC/USD hitting $64,447 on Bitstamp, its lowest since Friday, before a modest rebound. $BTC/USD one-hour chart. Source: Cointelegraph/TradingView This mirrored US stocks, which initially fell as the odds…

Robinhood opened the order window on Monday for Robinhood Ventures Fund II, a closed-end fund that will give retail investors exposure to seed-stage startups from the Y Combinator ecosystem,at an expected $25 per share. The fund extends Robinhood’s private-markets push from late-stage names like OpenAI into the riskiest end of venture capital — seed-stage companies, most of which fail — packaged as an exchange-listed product with no investment minimums or accreditation requirements. It is the second such vehicle Robinhood has brought to market this year, after Robinhood Ventures Fund I listed on the New York Stock Exchange in March. The…

A $1,000 investment in the Canary $XRP ETF (NASDAQ: XRPC), the first U.S. spot $XRP exchange-traded fund (ETF), is now worth about $471, reflecting a loss of more than 50% since the fund launched on November 13, 2025. The decline comes despite a historic debut that saw the fund attract nearly $250 million in inflows and generate $58 million in trading volume on its first day, making it the strongest ETF launch of 2025. Investors who bought XRPC at its launch price of $24.55 per share would have acquired approximately 40.73 shares. With the ETF closing at $11.57 on Friday,…

New Senate Analysis Examines Trump’s Crypto Businesses Minority staff for the Senate Banking, Housing, and Urban Affairs Committee announced a new analysis on July 30, renewing Democratic objections before a potential Senate vote. Staff members contend that restrictions covering officials who issue or sponsor digital assets would preserve Trump’s existing business arrangements and enable similarly structured ventures. The new analysis examines Trump’s reported crypto revenue streams individually, including World Liberty Financial, the $TRUMP memecoin, cryptocurrency investments, staking income, and other ventures. It concludes that each would remain permissible under the current ethics language, arguing that the revised ethics provision would…

South Korea saw 560.3 billion won ($367 million) in stablecoin outflows to overseas exchanges in June, extending the country’s streak of monthly net stablecoin outflows to 18 consecutive months. The figure comes from Financial Supervisory Service (FSS) data obtained by Yonhap News Agency through People Power Party lawmaker Lee Jong-wook. South Korea’s five major crypto exchanges — Upbit, Bithumb, Coinone, Korbit and Gopax — transferred 2.7 trillion won ($1.81 billion) in stablecoins offshore in June and received 2.2 trillion won ($1.44 billion) from foreign platforms. Market participants cited by Yonhap attributed the transfers to demand for products restricted or unavailable…

Koscom, a major South Korean financial technology company, and NH Investment & Securities have signed a memorandum of understanding (MOU) to collaborate on tokenized securities business development. The agreement, reported by Digital Asset, outlines plans to jointly verify a platform for security token offerings (STOs) and explore new business models, including the tokenization of existing securities, as the country prepares to establish a formal legal framework for digital assets. Scope of the Collaboration The partnership focuses on several key areas of cooperation. Both firms will work on verifying system and business processes using Koscom’s joint STO platform, which is designed…

The market continues to view Bitcoin’s current move as nothing more than a relief rally. From a technical perspective, $BTC has rallied more than 10% so far in Q3, but a real breakout still looks far-fetched unless Bitcoin clears the $73k resistance. Until then, $BTC risks repeating the late-Q2 setup, when bulls failed to hold the $75k-$80k support zone. That led to a more than 20% pullback in June, marking the second major instance of bulls failing to defend support since Bitcoin’s $126k peak. If a similar setup plays out again, $BTC’s $65k level could come under pressure for another…

President Donald Trump called on ExxonMobil and Chevron to cut US fuel prices after the oil majors earned roughly $26.5 billion combined during the second quarter. Trump demands lower fuel prices Trump criticized ExxonMobil and Chevron at the White House on Monday, arguing that supply pressure linked to the Iran war had allowed the companies to earn excessive profits. “They’re making too much money based on a shortage,” Trump told reporters. “I don’t like it.” President Trump says that despite high oil prices, companies like Chevron and Exxon Mobil are making “too much money,” amid the U.S. — Iran war:…