Here’s what happened in crypto today

Today in crypto, education company Classover announced a Solana strategic reserve, a new job listing from Revolut suggests it might be planning to build a crypto derivatives business, and Robinhood has acquired Bitstamp for $200 million.Classover signs $500M convertible note deal for Solana reserveClassover, a K-12 education company, has announced a move into crypto through the creation of a Solana reserve.The company plans to issue up to $500 million in senior convertible notes, with 80% of the proceeds allocated to purchasing Solana (SOL). The move follows a growing pattern of companies expanding into crypto-related strategies along with their core businesses.According to a June 2 announcement, Classover has already purchased 6,472 SOL worth approximately $1.1 million to start its reserve. The issuance of $500 million in convertible notes comes through a partnership with Solana Growth Ventures.Classover is an online education company offering learning courses for K-12 students worldwide. On June 3, a day after the announcement, its shares reached $5.45 on the Nasdaq, an intraday rise of 46.5% at the time of publication.According to the company, the issuance of up to $500 million in convertible notes could be complementary to Classover’s $400 million equity purchase agreement. Combined, these two financing methods would bring the company’s Solana purchasing power to $900 million.Revolut eyes crypto derivatives push, job listing suggestsFintech giant Revolut appears to be gearing up for a move into the crypto derivatives market as a new job posting hints at plans to build the business from scratch.A recent listing for a “General Manager (Crypto Derivatives)” role shows that Revolut is actively recruiting in London, Barcelona and Dubai. The position would oversee the end-to-end launch of the derivatives platform, from product architecture and trading infrastructure to regulatory compliance and commercial strategy.According to the listing, the goal is to create “one of the most trusted, scalable, and profitable derivatives offerings in the world,” leveraging Revolut’s 50 million-strong global customer base.The move comes as Revolut continues to expand its crypto offerings. On May 19, the company announced plans to invest more than 1 billion euros ($1.1 billion) in France and apply for a local banking license.“We can confirm we’re hiring to expand our expertise in crypto products and services across several markets, particularly for institutional clients but we’re in the early stages of recruitment and don’t have additional details to share at this time,” a Revolut spokesperson told Cointelegraph.“These job listings reflect our ongoing exploration and consideration of future opportunities, rather than a confirmation of imminent product launches,” they added.Robinhood acquires Bitstamp for $200 millionRobinhood Markets, Inc. said on June 2 that it closed a $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, adding over 50 licenses and registrations and an established institutional client base to its crypto business.Robinhood paid in cash for the world’s longest-running crypto exchange and said the deal was unchanged from an initial agreement in June 2024.Bitstamp has over 5,000 institutional clients and 50,000 retail customers, with most of its trading volume driven by its institutional base and Robinhood said that the acquisition significantly expands its crypto footprint beyond the US into the European, UK and Asian markets.Shares in Robinhood (HOOD) closed June 2 trading up 2.77% to $67.98, with gains extending by 0.44% in after-hours.Robinhood Crypto general manager Johann Kerbrat said on CNBC that the company hasn’t ruled out other crypto-related acquisitions.It comes after Robinhood agreed on May 13 to acquire Canadian crypto platform WonderFi for approximately $179 million as part of a move to strengthen its presence in Canada.