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The Marked Chart Wire · Crypto
RLUSD
Ripple and Robinhood are broadening their collaboration to distribute the RLUSD stablecoin to retail and institutional clients. The company also deepened its custody agreement with BNY and partnered with C2FO for trade finance settlement.
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Robinhood
Robinhood reported $1.42 billion in revenue but posted $0.51 per share, below the $0.55 estimate. Prediction market bets reached $173 million while crypto revenue increased slightly.
Robinhood
Robinhood's crypto revenue fell 55 percent year over year, yet the figure exceeded Wall Street expectations. Trading volume declined 38 percent, although the company's broader blockchain operations saw increased activity.
Ripple
Robinhood has activated Ripple's RLUSD on its blockchain and Bitstamp, with plans to add it to the main app later this year. The partnership also expands into treasury software and institutional trading loans.
Crypto
Robinhood will add Ripple's $2.5 billion RLUSD stablecoin to its platform for retail customers later this year, even though the firm helped launch the competing USDG token.
Tokenized Stocks
Analysts anticipate Robinhood will address the growing threat from tokenized stocks during its upcoming earnings call, a sector viewed as a key growth area for crypto.
Polymarket
The platform added new contracts for Bitcoin, Ethereum, Solana, and XRP that resolve every five minutes. This feature offers a faster timeframe than the 15-minute options currently provided by Kalshi and Coinbase.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.