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Crypto SWOT: Robinhood’s crypto revenue has dropped 47% from one year ago.

Commentaries & Views


  • Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was XDC, rising 28.12%.

  • The crypto market rebound this year could have room to run if the U.S. economy manages to achieve a soft landing. A scenario of low inflation and steady growth would likely aid risk assets, including crypto, by allowing the Fed to lower real interest rates, according to Zach Pandl, the managing director of research at Grayscale.

  • Coinbase Global asked a judge to dismiss a Securities and Exchange Commission lawsuit against it, pointing to a recent decision by another judge who ruled that Ripple Labs XRP was not a security when sold on exchanges. Coinbase filed its motion to dismiss Friday in federal court in Manhattan, arguing the SEC has no authority over its activities, writes Bloomberg.


  • Of the cryptocurrencies tracked by CoinMarketCap, the worst performer for the week was Compound, down 18.69%.

  • GameStop said it's ending support for its cryptocurrency wallets, citing "regulatory uncertainty."  The company will remove its iOS and Chrom Extension wallets from the market on November 1 according to its website, writes Bloomberg.  

  • Robinhood's second-quarter crypto revenue was $31 million, falling 47% from a year ago amid lower trading activity in the cryptocurrency market, according to an article published by Bloomberg.


  • The first licenses under Hong Kong's new crypto regime went to HashKey Exchange and OSL, legalizing the retail trading of tokens in the city as officials seek to foster a global hub for the digital-asset sector, writes Bloomberg.  

  • Trading volume for President Donald Trump's Trading NFT cards experienced a staggering 780% increase following his indictment, writes Bloomberg.  

  • Coinbase shares rose after the cryptocurrency exchange's second quarter loss narrowed and revenue exceeded estimates, writes Bloomberg.  


  • The creator of the crypto token Hex illegally used millions of dollars of investors' funds to buy a 555-carat black diamond known as "The Enigma," according to the U.S. SEC. The SEC alleged that Richard Schueler raised more than $1 billion by selling unregistered securities, writes Bloomberg.  

  • The husband of a social media rapper who dubbed herself the "Crocodile of Wall Street" pleaded guilty to a money-laundering conspiracy tied to the theft of billions of dollars of Bitcoin in the 2016 hack of cryptocurrency exchange Bitfinex, writes Bloomberg.  

  • Litecoin, the world's 11th-biggest cryptocurrency, saw its price slide on Wednesday after it went through a so-called halvening, with the rewards paid to computers supporting its network dropping in half, reports Bloomberg.

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