Category: crypto

Robinhood plans to cut 290 jobs, or 10% of its workforce, in an effort to simplify management structure. The company expects $28 million in related charges. Despite weaker crypto activity in the first quarter, Robinhood is seeing record trading volumes in June. The stock rose after the job cut announcement.

Inveniam Capital Partners plans to acquire MANTRA and its entities, following a previous investment. The acquisition aims to integrate MANTRA’s blockchain infrastructure with Inveniam’s AI capabilities. The transaction is expected to close by Q3 2026. Both companies have been collaborating since the previous investment, sharing a vision for real-world assets and AI.

Binance’s application for a MiCA license in Greece is expected to be rejected, jeopardizing its ability to serve EU clients from July. Binance believes it has met the requirements and has not received formal indication of rejection. This follows other regulatory challenges for Binance, including in the Philippines.

Ripple has acquired an equity stake in Flutterwave, a fintech company in Africa valued at $3.3 billion, expanding its global infrastructure strategy for payments. The investment strengthens Ripple’s presence in Africa, with recent expansions in Turkey, Latin America, and the Middle East. Ripple is also focusing on providing infrastructure for banks and financial institutions entering…

SpaceX perpetual futures on Binance have become the second-largest futures product after Bitcoin, generating over $9 billion in trading volume. Binance leads in both centralized and decentralized trading for the contract, with open interest reaching $190.59 million per side. The strong activity indicates growing demand for retail investors seeking exposure to public companies through crypto-based…

Coinbase launched 1:1-backed tokenized shares of major U.S. companies, including SpaceX, Nvidia, Google, Strategy, and Bitmine. This move follows failed SpaceX token campaigns by Binance and Bybit. The offering is part of Coinbase’s “Everything Exchange” strategy, providing users with ownership interests in companies and dividend payments on-chain.

VanEck’s Matthew Sigel refuted claims that MARA Holdings purchased 1,000 Bitcoin, suggesting it was collateral from a loan rather than a new acquisition. MARA is focused on AI and data center expansion, not Bitcoin accumulation. Other miners like Nvidia are also investing in AI infrastructure and HPC services.

Elon Musk’s net worth briefly surpassed Bitcoin’s market value, reaching nearly $1.4 trillion after SpaceX shares soared. A wealth tax debate erupted between Warren and Yakovenko over Musk’s fortune surge. A lawsuit against SpaceX and xAI was filed by a former engineer over AI safety concerns related to Grok. Musk’s wealth exceeded Bitcoin’s market cap…

State Street has launched a government money market fund for stablecoin issuers to comply with GENIUS Act regulations. Anchorage Digital and State Street Bank are backing the fund, projecting global stablecoin issuance to reach $1.9 trillion to $4 trillion by 2030. This effort aligns with the evolving regulatory standards for stablecoins.