SOTM Apr 25-May 1, 2024

5264302.fs1.hubspotusercontent-na1.net Welcome to our 170th issue of State of the Market, where we provide an overview of crypto market activity from April 25 – May 1, 2024. A set of 6 Bitcoin & Ether spot ETFs…

PancakeSwap Woos Uniswap Users with Generous Interface Fees Offer

coinspeaker.com Coinspeaker PancakeSwap Woos Uniswap Users with Generous Interface Fees Offer In a bold strategic move aimed at enticing traders away from competitor Uniswap, decentralized…

Solana Staking Comes to Europe Through Robinhood’s New Crypto Offering

cryptonews.com Robinhood Crypto’s customers in Europe can now stake their Solana holdings and earn rewards, thanks to a new program launched Wednesday. The platform also introduced a…

Robinhood Crypto Launches Solana Staking In EU

coinpedia.org The post Robinhood Crypto Launches Solana Staking In EU appeared first on Coinpedia Fintech News Robinhood’s European crypto branch has launched Solana staking for customers…

Robinhood Crypto Launch Solana Staking For EU Customers Amid SEC Scrutiny

coinpedia.org The post Robinhood Crypto Launch Solana Staking For EU Customers Amid SEC Scrutiny appeared first on Coinpedia Fintech News Robinhood’s European crypto branch has launched…

Robinhood Bets Big on Crypto in Europe: Launches Staking

financemagnates.com Although Robinhood may face enforcement actions in the United States for its cryptocurrency offerings, it is expanding its services in Europe further. Today (Wednesday), the…

Robinhood enables Solana staking for customers in Europe

blockworks.co Robinhood’s European crypto branch launched Solana staking. The feature will offer roughly 5% APY at launch, though that could vary as staking rewards change, Robinhood…

Ripple CLO Stuart Alderoty Discloses SEC’s Unfair Conduct in XRP Vs. SEC

coingape.com In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has compared the SEC’s…

Coinbase’s Legal Officer Rallying Binance, Ripple, Uniswap Against SEC’s ‘Gaslighting’

cryptonews.com Coinbase Chief Legal Officer Paul Grewal strongly criticized the US Securities and Exchange Commission (SEC) on May 14 regarding the Debt Box case. He also called on other…

Steven Nerayoff Slams US SEC’s Crypto Stance: Calls For Clarity And Innovation

bitcoinist.com As the debate over cryptocurrency regulation continues, former advisor to the Ethereum network Steven Nerayoff has become a public voice criticizing the approach taken by…

Robinhood Just Got Hit With a Wells Notice. What Is That, and Why Could It Be Huge News for the Stock?

finance.yahoo.com Robinhood Markets (NASDAQ: HOOD) stock has crushed it for the last year. The online brokerage that revolutionized free stock trading is up 100% in the last 12 months,…

Robinhood Crypto Revenue Triples Amid SEC Crackdown

cryptopotato.com The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record…

Pro-XRP Lawyer Draws Differences In Japan and US Crypto Regulation

coingape.com Many industry leaders have called out the unfavorable crypto regulation regime in the United States. Comparing it with the Japan, Mark Cuban and pro-XRP lawyer John Deaton…

Crypto Weekly Report: Analyzing the Week’s Key Events and Market Movements in Blockchain

coinpedia.org The post Crypto Weekly Report: Analyzing the Week’s Key Events and Market Movements in Blockchain appeared first on Coinpedia Fintech News This analysis report, backed by…

The Chopping Block: EigenLayer Airdrop, LayerZero's Sybil Strategy, and Robinhood vs. SEC

unchainedcrypto.com Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and special guest Avichal Garg from Electric Capital dissect the latest…

Why Is Restaurant Operator Fat Brands Stock Tanking Today?

benzinga.com The Justice Department has charged Fat Brands Inc FAT and its chair Andrew Wiederhorn, alleging a scheme to conceal $47 million in distributions he received in the form of…

UNI Takes an SEC Hit on Bankless

bankless.com SEC Shakedown. The UNI token erased nearly $2B in market capitalization and is down more than 20% off this week’s announcement that the Securities and Exchange Commission…

Fatburger parent company, chairman charged in alleged fraud scheme

aol.com Federal authorities said Friday they charged Fat Brands and its chair, Andy Wiederhorn, of committing a brazen scheme that netted him $47 million in bogus loans from the…

The Path to an Ethereum ETF Approval Is Complicated

beincrypto.com The journey toward approving Ethereum (ETH) exchange-traded funds (ETFs) faces considerable hurdles despite its promise for the crypto market. The US Securities and Exchange…

Robinhood CEO Says His Firm Met With the U.S. SEC 16 Times in ‘Good Faith’ Ahead of Crypto-Related Wells Notice

dailyhodl.com The CEO of popular retail trading platform Robinhood says his firm and the U.S. Securities and Exchange Commission (SEC) were engaged in discussions before the regulator…

Fat Brands, chair Andy Wiederhorn indicted in $47 million 'sham' loan scheme

cnbc.com Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant…

K33 Reports : The SEC Continues To Go After Crypto, SEC’s Next Target

coinpedia.org The post K33 Reports : The SEC Continues To Go After Crypto, SEC’s Next Target appeared first on Coinpedia Fintech News The SEC’s pursuit of regulatory action in the crypto…

Robinhood Soars: Dissecting a Record-Breaking Q1 2024

marketbeat.com Robinhood Markets, Inc. NASDAQ: HOOD is a pioneer in commission-free online trading, and the company has carved a distinct niche within the online brokerage industry.…

Weekly Roundup 05/10/24 (Biden threatens SAB121 veto, Trump embraces crypto, FDIC scandal deepens) (EP.527)

onthebrink-podcast.com Matt and Nic return for another week of news and deals. In this episode: The SAB121 repeal bill passes the House with 21 Democrat votes Biden threatens to veto SAB121 repeal…

SEC is taking a 'hostile' approach to crypto: Robinhood CEO

finance.yahoo.com recently received a Wells Notice from the Securities and Exchange Commission (SEC) about an alleged violation of registrations as a securities broker and transfer agent. The…

Valued at $25,000,000 Leaves Robinhood Crypto in the Wake of the SEC’s Wells Notice

dailyhodl.com Tens of millions of dollars worth of the meme asset Dogecoin (DOGE) has left Robinhood Crypto after the firm received a Wells Notice from the U.S. Securities and Exchange…

Consensys Lawsuit Over Ethereum Won’t Deter SEC, Former Regulator Says

decrypt.co A preemptive lawsuit filed in Texas federal court aims to definitively determine Ethereum’s regulatory status. But the move by blockchain software company Consensys in its…

Robinhood makes headway beyond trading

finance.yahoo.com Robinhood Markets' suite of new products, including its credit card and futures trading platform, will be crucial to drive growth as market fluctuations and regulatory risks…

Robinhood Met With SEC 16 Times 'In Good Faith': CEO

decrypt.co Robinhood CEO Vlad Tenev revealed that the fintech firm had met with the U.S. Securities and Exchange Commission (SEC) 16 times in its efforts to register as a special…

Robinhood Met With SEC 16 Times Before Wells Notice, CEO Vlad Tenev Says

cryptonews.com Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice,…

Robinhood CEO says SEC unwilling to facilitate crypto industry despite ‘good faith’

cryptoslate.com Robinhood CEO Vlad Tenev voiced strong concerns about the limitations regarding the accessibility of crypto for Americans and criticized the SEC for its “regulation by…

Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan

coindesk.com None The legal actions against crypto exchanges appear to be an attempt by the SEC to influence policy makers and legislators, the bank said. • None If the SEC denies…

Ethereum Co-Founder Joe Lubin: SEC Wants to Create 'FUD', Push Crypto Offshore

decrypt.co Ethereum co-founder Joe Lubin has argued that the U.S. Securities and Exchange Commission's recent series of enforcement actions directed at crypto firms is "intended to…

JPMorgan: Robinhood Wells Notice Unlikely to Hinder Ether ETF

watcher.guru Prominent US financial institution JPMorgan has said that Robinhood’s recent Wells Notice should not hinder the eventual approval of a Spot Ethereum ETF. Indeed, the bank…

Robinhood CEO Breaks Silence On US SEC’s Wells Notice Over Crypto Operations

bitcoinist.com As Robinhood continues to traverse the complexity of the financial regulatory landscape, Vlad Tenev the company’s Chief Executive Officer (CEO), has taken center stage to…

Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts

coindesk.com KBW raised its price target to $21.50 from $20, while maintaining its market perform rating. Rival broker JMP raised its price target to $30 from $28 and reiterated its…

3 Crypto Stocks To Watch Thursday Amid Market Dip

coingape.com Amid recent downturn in the cryptocurrency market, three stocks stand out for investors to watch closely: Coinbase Global, Inc. (COIN), Robinhood Markets (HOOD), and…

Robinhood Reports 224% Surge in Crypto Trading Volumes in Q1

cryptonews.com Popular trading platform Robinhood has experienced a substantial increase in crypto trading volumes during the first quarter, with a surge of 224% to reach $36 billion. The…

Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action Looms

coindesk.com That led to a 232% increase in crypto-related a revenue to $126 million, a primary factor, said the company, in driving overall first quarter transaction-based revenue up…

Robinhood crypto trading volume up 224% YoY to $36 billion in Q1

cryptoslate.com Robinhood reported $36 billion in crypto notional trading volume during the first quarter of 2024, a 224% increase year over year. The firm also reported record net revenues…

Robinhood Stock Pops As Cryptocurrency Fuels Huge Earnings Beat

investors.com crushed earnings estimates for a first quarter that saw a surge in retail cryptocurrency trading. Robinhood stock jumped in late Wednesday trade. The Robinhood earnings…

Robinhood Reports $26B In Crypto Under Custody in Q1 2024

watcher.guru Robinhood is reporting $26 billion worth of cryptocurrencies under the platform’s custody in Q1 2024. Revenue for Robinhood from crypto grew over 230% from last year. JUST…

SEC Attorneys Resign After Agency Sanctioned Over Debt Box Lawsuit

thedefiant.io Lead SEC attorneys Michael Welsh and Joseph Watkins reportedly stepped down from the agency. In a blow to the U.S. Securities and Exchange Commission (SEC)’s regulatory…

This Week in Web3: Wells Notices, Crypto Payments and Usability

pymnts.com Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who,…

SEC Allocating ‘Grossly Disproportionate’ Amount of Resources to Crypto, Says Lawyer Jake Chervinsky

dailyhodl.com Digital asset legal expert Jake Chervinsky thinks the U.S. Securities and Exchange Commission (SEC) is allocating a “grossly disproportionate” amount of resources toward…

Bits + Bips: Does Macroeconomics Point to a Potential Crypto Supercycle?

unchainedcrypto.com In this first episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann explain why the macroeconomics could point to the markets actually being in a crypto…

Robinhood CEO Decries 'Regulatory Onslaught' on Crypto, Vows to Fight SEC

decrypt.co Robinhood CEO Vlad Tenev has become Wall Street’s latest power player to blast a wave of enforcement action notices from the Securities and Exchange Commission (SEC). The…

Solana Full Send

decrypt.co SOL leads majors higher, DEX volume flips ETH. ETH burn rate hits yearly low. BTC needs to reach $67k for a ‘higher high’. Robinhood receives Wells Notice from SEC. Only 10%…

Top Crypto Gainers Today on DEXScreener

cryptonews.com On a mostly bearish day in the cryptocurrency market on Tuesday, Render (RNDR), Kaspa (KAS) and Tron (TRX) are top crypto gainers today and some of the only coins trading in…

Robinhood CEO Criticizes ‘Regulatory Onslaught’ on Crypto US, Pledges to Challenge SEC

cryptonews.com Robinhood Markets, a prominent retail trading platform, announced its intention on May 7 to challenge the US Securities and Exchange Commission (SEC) in court following…

Hodl Law vs SEC: Ethereum Case Gets Court Date for Oral Arguments

coingape.com The 9th Circuit Court of Appeals has scheduled oral arguments for July 18, 2024, to address a legal appeal by cryptocurrency-using law firm Hodl Law, PLLC. The firm is…

SEC Chair Gensler says investors don't get 'needed disclosures' for crypto assets: Crypto World

cnbc.com SEC Chair Gensler says investors don't get 'needed disclosures' for crypto assets: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates…

Solana Price Prediction as Traders Predict 40% Surge Coming Soon

cryptonews.com price is pulling lower on Tuesday, dipping back to $150 having pushed nearly as high as $160 earlier in the day, though traders continue to predict big near-term upside for…

SEC Chair Blames Journalists For Asking Him About Crypto So Much

cryptopotato.com One of crypto’s most powerful government nemeses believes journalists question him about the burgeoning asset class way more than necessary. Securities and Exchange…

SEC Chair Gary Gensler avoids direct classification of Ethereum

cryptobriefing.com Securities and Exchange Commission (SEC) Chairman Gary Gensler did not directly address whether Ethereum was a commodity or a security in an interview with CNBC on Tuesday.…