Yueqi Yang

Robinhood shares fell more than 6% in after-market trading after reporting a 47% plunge in crypto trading revenue from a year ago. Despite the slump, record volumes in prediction markets lifted Robinhood’s total revenue 15% to $1.07 billion.The result shows individual traders that use Robinhood are shifting from crypto to investing in other asset classes. Robinhood said event contracts

Banking trade groups said the proposed language on stablecoin yield in the crypto bill, the Clarity Act, “falls short of” addressing their concerns around the risk of deposit flight, suggesting they are not yet satisfied with the bill.The statement is a surprise given that crypto companies, including Coinbase, have touted the language as a compromise reached between banks and crypto groups.

Circle, the stablecoin issuer of USDC, jumped 16% Monday after reporting revenue growth and announcing a fundraising for its planned blockchain.The company said it raised $222 million for Arc, a stablecoin-focused blockchain, at a $3 billion valuation from investors including a16z crypto, Apollo Funds, BlackRock, and Intercontinental Exchange by pre-selling the ARC tokens. The blockchain is

A key piece of crypto legislation passed the Senate Banking Committee on Thursday, moving one step closer to becoming law and handing a win to the crypto industry in a political battle against the banking lobby.The crypto market structure bill, called the Clarity Act, would set clear rules for crypto issuance, trading and custody and give different financial regulators specific areas of

Blockchain said it has filed confidential paperwork with the Securities and Exchange Commission for an initial public offering.Founded in 2011 and headquartered in London, Blockchain serves as a crypto brokerage, meaning it executes trades for customers by using crypto from other exchanges or from its internal inventory. In 2022, the company raised funding at a $14 billion

Most everyday investors can’t buy shares of hot private companies like SpaceX and OpenAI before they go public. With potential mega-IPOs looming this year, prediction markets like Polymarket and Kalshi are turning that hype into tradable bets. Users are flocking to yes-or-no bets on milestones ...

United Texas Bank, a crypto-friendly bank, said it successfully switched its regulator through a charter conversion, despite being under a consent order. The move will help it grow its business serving digital asset firms and foreign banks.The Dallas-based bank, which has about $1 billion in assets, became a dominant bank processing dollar payments for overseas crypto exchanges, after the

Prediction market Kalshi won approval from U.S. regulators to offer crypto trading through bitcoin perpetuals, a type of highly-leveraged derivatives product, confirming an April report by The Information.Coinbase also won a greenlight from the U.S. Commodity Futures Trading Commission to connect its U.S. users to trade crypto perpetual futures and options globally.Crypto