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Robinhood beat expectations for fourth-quarter profit on Wednesday, driven by a surge in equity, option and crypto trading on its platform following Donald Trump's return to the White House, sending its shares up more than 14% after the bell. Robinhood's transaction-based revenue, or income gene…
By Vicky Ge HuangWorld Liberty Financial, the crypto project backed by the Trump family, said Wednesday that the X account of one of its cofounders was compromised to promote a fake token bearing Barron Trump's name.The X account of Zach Witkoff, a cofounder of World Liberty Financial, was compromis…
By Louise Radnofsky, Alex Leary and Georgi KantchevThe Russian co-founder of a popular bitcoin exchange will be released from U.S. custody Wednesday, a day after a deal between Washington and Moscow freed American Marc Fogel, a U.S. official said.Alexander Vinnik, the co-founder of BTC-e, is in U.S.…
U.S. President Donald Trump intends to nominate Brian Quintenz, head of global policy at a16z crypto, to lead the Commodity Futures Trading Commission, Bloomberg reported today.Quintenz, a former commissioner of the CFTC during Trump’s first administration, emerged as a top contender to lead the age…
The crypto industry got a chance to make a full-throated appeal for Congress to finally intervene and set legal standards for digital assets businesses in the U.S. during a hearing Tuesday in front of the House of Representatives subcommittee that focuses on digital assets.Under the Republican-led s…
U.S. lawmakers are taking different approaches to regulating stablecoins and crypto revealing divides prompted in part by President Donald Trump's memecoin and criticism that former regulators were unwilling to embrace new technology.During a House Financial Services Committee digital assets-focused…
World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance."WLF said in…
Cryptocurrency custodian BitGo is mulling conducting an initial public offering (IPO) as soon as this year, according to a Feb. 11 Bloomberg report. Bloomberg said Palo Alto-based BitGo is in talks with investment banks to advise on a potential IPO, which would happen in the second half of 2025, if …
Hester Peirce, who heads the US Securities and Exchange Commission’s Crypto Task Force, said the agency will likely wait until the Senate confirms a chair before deciding on an agenda for digital assets.Speaking virtually at a Federalist Society panel on Feb. 11, Commissioner Peirce said it was “a l…
Crypto industry advocates are optimistic about improved regulatory clarity under the Trump administration, but want policymakers to act with a sense of urgency to claw back the regulation-by-enforcement tactics of the previous regime. Their calls came during a Feb. 11 hearing by the US House Subcomm…
After Barstool Sports founder Dave Portnoy helped boost a memecoin called jailstool to a $250 million market cap over the weekend, one industry expert joked about which company would be the first to file for a Jailstool ETF. Yet, while memecoins may be viewed as a joke to crypto natives and outsider…
Bitcoin has dropped by over 10% since establishing its record high of around $109,355 on Jan. 20. This peak coincided with Donald Trump taking office, marking 60% gains since his election victory in November.Onchain data suggests that Bitcoin's next leg higher could be imminent despite BTC being st…