ChainCatcher news, according to Arkham monitoring, in the past 12 hours, the cryptocurrency trading firm Cumberland DRW transferred approximately 1.35 trillion PEPE to Robinhood through 3 transactions, worth about 26.73 million USD.

ChainCatcher news, according to Whale Alert monitoring, around 12:09 Beijing time today, Wintermute transferred 1,995,477,495,278 PEPE (approximately 46.62 million USD) to Robinhood.Previous news, Wintermute transferred PEPE worth approximately 35.27 million USD to Robinhood.

ChainCatcher news, according to Whale Alert monitoring, around 05:23 Beijing time today, Wintermute transferred approximately 19.7 trillion PEPE (about 35.27 million USD) to Robinhood.

ChainCatcher message, according to iChainfo monitoring, Cumberland (0xad6e...8862) transferred 3820 ETH (worth 12.69 million USD) to Robinhood (0x2eFB...E204).

ChainCatcher news, according to Whale Alert monitoring, 6,425 ETH (worth $20,446,718) was transferred from Cumberland to Robinhood.

ChainCatcher news, according to Jinshi reports, the Trump team is considering listing Robinhood's Chief Legal and Compliance Officer Dan Gallagher as a candidate for the Chairman of the U.S. Securities and Exchange Commission.

ChainCatcher news, according to The Block, the zero-commission trading platform Robinhood has released its third-quarter financial report. The data shows that the cryptocurrency trading volume reached $14.4 billion in the quarter, a year-on-year increase of 112%, but a decline compared to $21.5 billion in the second quarter and $36 billion in the first quarter. In terms of stock trading, the trading volume reached $286.2 billion, a year-on-year increase of 65%.Specific revenue data shows that Robinhood's total revenue for the third quarter was $637 million, slightly below the market expectation of $651 million. Among this, transaction-related revenue increased by 72% year-on-year to $319 million. Breaking it down: cryptocurrency trading revenue was $61 million, a year-on-year increase of 165%, but a decrease from $81 million in the previous quarter; options trading revenue was $202 million, a year-on-year increase of 63%; stock trading revenue was $37 million, a year-on-year increase of 37%.The company's Chief Financial Officer Jason Warnick stated, "The third quarter performed strongly, with revenue increasing by 36% year-on-year, most of which converted into profit. We have set a goal to achieve another year of profit growth in early 2024 and are pleased to have broken revenue and earnings per share records." Notably, Robinhood's assets under custody (AUC) increased by 76% year-on-year to $152.2 billion, primarily driven by continued net deposits from users and rising valuations of stocks and cryptocurrencies. Additionally, the company has confirmed this month that it will expand support for Bitcoin and Ethereum futures products and has launched contract products this week that allow users to predict the outcome of the U.S. presidential election.

ChainCatcher news, according to Whale Alert monitoring, a total of 1.45 billion DOGE flowed into Robinhood, approximately 245 million USD.

ChainCatcher news, Robinhood has launched a new platform for active traders called Robinhood Legend, which offers advanced charting tools and plans to add futures trading and index options. The platform aims to address the inconvenience of trading tools, allowing users to complete all operations within a single platform.Robinhood's move is to attract larger and more active traders, expanding its service offerings beyond the previous small-scale trading market.

ChainCatcher news, according to Arkk Daily monitoring, ARK Invest increased its holdings of 12,994 shares of Coinbase stock on October 8, valued at approximately $2.18 million, and also reduced its holdings of 1,421,431 shares of Robinhood stock, valued at over $36.4 million.

ChainCatcher news, according to POLITICO, a dozen former senior regulators, lobbyists, and securities lawyers have indicated that if Donald Trump regains the presidency, Robinhood's Chief Legal Officer Dan Gallagher would be a candidate for chairman of the U.S. Securities and Exchange Commission (SEC). It is currently unclear whether Gallagher wants to leave Robinhood. Gallagher has stated that he loves his job and that "I am honored to be mentioned in discussions about who will be the next SEC chairman." However, there is no doubt that Gallagher has significant disagreements with the direction of the SEC. He mentioned that if he had served as chairman over the past few years, there would have long been tailored rules, as the industry has long sought, providing "at least a basic registration system pathway" for cryptocurrency exchanges and brokers. Even so, Gallagher believes that legislation is still needed.Gallagher previously served as a commissioner of the SEC, known for his affability and political skills. Other potential candidates for SEC chairman circulating on Wall Street under the Trump administration include former Commodity Futures Trading Commission chairman Chris Giancarlo, former SEC General Counsel Robert Stebbins, current partner at Willkie Farr & Gallagher law firm, and current SEC commissioner Hester Peirce. However, reports suggest that for some Republicans, whether Gallagher can become chairman has always been a matter of when, not if.

ChainCatcher news, according to Bloomberg, fintech giants Robinhood and Revolut are considering launching stablecoins. However, a spokesperson for Robinhood stated that there are currently "no plans" to issue stablecoins, but did not dismiss the possibility. Robinhood currently offers a variety of digital asset trading on its platform, including the stablecoin USDC issued by Circle.Additionally, UK-based Revolut is also considering launching a stablecoin. Last week, Revolut launched a retail wealth management application that supports trading across various asset classes, including cryptocurrencies. A spokesperson for Revolut stated that the company plans to "further expand" its crypto products, but did not directly mention stablecoins. Some analysts believe that the upcoming MiCA regulations from the EU will promote stablecoin activity in the region. These regulations will come into full effect by the end of 2024 and will establish specific rules for stablecoin issuers, including licensing agreements and strict reserve management rules.

ChainCatcher news, according to monitoring data from Arkham, about six hours ago, the Circle hot wallet marked address transferred 50 million USDC to the trading platform Robinhood. Historical monitoring shows that in the past week, the Circle hot wallet has transferred approximately 125 million USDC to Robinhood.

ChainCatcher news, according to Bloomberg, fintech company Revolut Ltd. is spinning off its €8.5 billion ($9.5 billion) wealth management product into a standalone app called Revolut Invest, seeking to compete with companies like Robinhood and eToro for a larger share of the retail investor market.The Revolut Invest app will initially offer nearly 5,000 assets, including U.S. and European stocks, exchange-traded funds, commodities, bonds, and new products such as contracts for difference. Rolandas Juteika, Revolut's regional head of wealth and trading, stated in an interview that the app is currently being tested in Greece, Denmark, and the Czech Republic, and is set to launch in other European Economic Area countries by the end of this year, with plans to double the number of assets available for trading.

ChainCatcher news, Fox reporter Eleanor Terrett revealed that former SEC commissioner and current Robinhood Chief Legal Officer Dan Gallagher detailed the efforts Robinhood made to register—"a dozen meetings and phone calls over a year and a half," but ultimately still received a Wells notice from the enforcement agency.Gallagher criticized the SEC's "scorched earth" approach to cryptocurrency and suggested that the commission take immediate action to provide clarity for the industry. He pointed out that although Congress is advancing much-needed legislation, the SEC has had the authority to establish a foundational regulatory framework for digital assets since 1996.

ChainCatcher news, according to DL News, Robinhood is committed to becoming a heavyweight in the cryptocurrency space. Robinhood is strengthening its crypto team, has launched crypto trading services in the EU, and acquired the exchange Bitstamp for $200 million.Bernstein analysts wrote in a report on Wednesday that these efforts will drive Robinhood's revenue to approximately $900 million in 2024, with its market value reaching between $19 billion and $23 billion by 2025. Robinhood is expected to achieve $3.4 billion in revenue by 2025. Bernstein noted that the company has already seen tailwinds, including demographic trends, with about 60% of Robinhood's assets coming from customers under the age of 43.Over the past 10 years, millennials have created about 1% of U.S. household wealth. As Robinhood increases its offerings of cryptocurrencies, stocks, derivatives, and savings products to younger demographics, this figure has risen to about 10%.

ChainCatcher news, according to Cointelegraph, the bankrupt crypto exchange FTX has reached a significant agreement with Emergent Technologies, an entity founded by Sam Bankman-Fried, regarding the ownership of Robinhood shares.According to legal documents submitted by FTX CEO John Ray III to the Delaware bankruptcy court on September 6, 2024, FTX will pay Emergent $14 million to settle the administrative costs related to the latter's withdrawal of 55 million shares of Robinhood and associated cash claims.

ChainCatcher news, according to Coindesk, British banking giant Barclays has upgraded the ratings of Coinbase (COIN) and Robinhood (HOOD) from underweight to equal weight, citing that the business models of these two companies are better.Barclays analyst Benjamin Budish stated that both companies have "significantly matured," especially due to the rich expansion of products and a more positive financial outlook. Given that both presidential candidates have taken an increasingly friendly stance toward the digital asset industry, and several spot ETFs have already been approved, Coinbase, in particular, stands to benefit from a more favorable regulatory environment.