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Bernstein Lifts Robinhood Target on Tokenization, Prediction Markets

Robinhood Markets is drawing fresh attention from Wall Street as analysts argue the company’s next growth leg could come from tokenized assets and prediction markets rather than traditional retail crypto activity. In a Monday research note, Bernstein lifted its price target for Robinhood stock to $160 from $130 , while keeping an Outperform rating. The shares were last reported around $101 . Bernstein’s thesis centers on the idea that two adjacent segments—prediction markets and tokenized equities—could scale faster than legacy revenue streams. The firm expects prediction markets to become Robinhood’s fastest-growing business, projecting segment revenue of $1.7 billion by 2028 , which it frames as a 64% compound annual growth rate . Key takeaways Bernstein raised Robinhood’s stock price target to $160 from $130 and maintained an Outperform rating. The research note argues prediction markets could become Robinhood’s fastest-growing segment, with revenue projected at $1.7 billi...
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Ripple Prime Exec Says Firm Is Building Wall Street 2.0 Infrastructure

Ripple Prime says institutional demand for blockchain infrastructure continues growing despite weaker digital asset market conditions. Ripple Prime executives describe the company as a key provider of continuous financial infrastructure for modern institutional markets. The latest comments follow expanding adoption of blockchain settlement, financing, and collateral management across multiple asset classes. Executive Outlines Institutional Blockchain Strategy Michael Higgins, international chief executive, said Ripple Prime is building infrastructure for continuous institutional market operations. He told Markets Media that blockchain networks support financial services beyond traditional banking hours. He described this shift as the foundation of "Wall Street 2.0." Higgins said, "The current crypto winter is not a digital asset winter." He added that Ripple Prime supports markets requiring always-on blockchain infrastructure and uninterrupted access. He said those ...

Congress Schedules Sports Prediction Markets Hearing as Ban Push Grows

The U.S. House Agriculture Committee will examine sports prediction markets during a hearing scheduled for tomorrow. The session follows rising legal disputes and regulatory pressure on platforms including Polymarket and Kalshi. Lawmakers will review customer protections, market integrity, and the growing debate over sports event contracts. House Committee Examines Sports Prediction Markets and Regulatory Oversight The House Agriculture Committee scheduled the hearing through its Subcommittee on Commodity Markets, Digital Assets, and Rural Development. The session will focus on customer safeguards and market integrity across sports prediction markets. It also follows growing concerns about the legal status of sports-related event contracts. The witness list includes legal experts alongside representatives from American and Indian gaming associations. These groups continue pressing lawmakers to prohibit sports contracts on prediction market platforms. Meanwhile, the hearing will examine...

Nigerian President Signs Order on Crypto Oversight and Taxation

Nigeria’s President Bola Ahmed Tinubu has signed an executive order aimed at reducing what the government describes as fragmentation in how digital asset activities are regulated across agencies. In remarks relayed by the president’s special adviser, Bayo Onanuga, the order is framed as a coordination effort rather than a sweeping reallocation of powers. According to Onanuga, the executive order seeks to “harmonize the regulation of virtual assets,” improve cooperation among financial, revenue, and capital markets agencies, and better protect citizens from fraud while enabling “responsible innovation.” It also sets up a virtual asset council to steer related policy work, while the Nigerian tax authority is directed to update its approach. Key takeaways Nigeria’s executive order focuses on harmonizing digital asset regulation through coordination, not by creating a new regulator. A new virtual asset council is planned, bringing top regulators under a single policy direction structur...

Hut 8 and IREN Updates Boost AI-Focused Bitcoin Mining Stocks

Shares in several Bitcoin mining companies jumped on Monday as major announcements tied to artificial intelligence infrastructure boosted investor confidence that the sector’s shift beyond mining is moving from concept to contracts. In early trading, Hut 8 and IREN led the move, with other large miners and related operators—including Cipher Digital , CleanSpark , MARA Holdings , and the companies’ peers cited in the same market coverage —each rising by at least 11% . The stock surge followed new details around long-term AI data center arrangements and large-scale cloud services commitments. Key takeaways Hut 8 disclosed a 15-year, $9.8 billion lease plan for an AI data center campus, reinforcing its AI infrastructure strategy. IREN filed disclosures showing $2.8 billion in cloud services contracts tied to AI developers. IREN expects over $4 billion in annual recurring revenue from its AI cloud business by the end of 2026 , according to the company’s outlook. The rally ex...

Bitcoin Struggles at $65K as Institutional Tech Sell-Off Spreads

Bitcoin traders struggled to push through the $65,000 area on Monday, even as volatility picked up around the start of the Wall Street session. The pullback reflected broader pressure on risk assets, where renewed concerns tied to the US-Iran situation and an institutional sell-off in parts of the US tech sector weighed on sentiment. Despite the hesitation, several market participants maintained an upside bias—framing $65,000 as a near-term ceiling and pointing to the high-$60,000s as the next level that could confirm a more constructive structure for BTC/USD. Key takeaways Bitcoin repeatedly failed to break and hold above $65,000, with traders describing the level as a July “roadblock.” US equities opened the week with headwinds from both geopolitical risk (US-Iran) and a reported acceleration in hedge-fund selling of tech stocks. Oil prices stayed elevated above $80 per barrel, keeping pressure on broader risk appetite. Traders’ near-term bullish expectations cluster around a...

Bitcoin Spot ETF Inflows Continue Into Week Two, Recovery Slows

US-listed spot Bitcoin exchange-traded funds (ETFs) have seen a fresh wave of buying, with net inflows returning for a second straight week. However, traders and analysts say the pace of demand is still not strong enough to confirm that the rebound is turning into a durable trend. According to SoSoValue, spot Bitcoin ETFs in the US recorded $75.7 million in net inflows for the week ending July 17 . This followed $197.4 million in net inflows the prior week, lifting total inflows for July to $200.2 million . Key takeaways SoSoValue data shows US spot Bitcoin ETFs posted net inflows for two consecutive weeks, totaling $200.2 million for July so far. Analysts caution that even multiple inflow days may only indicate easing selling pressure—not broad, sustained institutional buying. Bitcoin’s recovery has not yet produced the decisive price breakout some analysts say is needed to validate a new uptrend. Citi’s latest stance remains cautious, cutting its 12-month Bitcoin ETF inflo...