Robinhood:

After a staggering 700% surge in crypto trading revenue during Q4 2024, Robinhood (HOOD) is now bracing for a significant slowdown in Q1 2025. JPMorgan analyst Ken Worthington projects a decline in digital asset volumes, attributing it to a "risk-off" environment that has dampened market enthusiasm.

🔍 Key Highlights:

Crypto Trading Volume Drop: Estimated at $52 billion in Q1, down from $71 billion in Q4.Assets Under Custody (AUC): Expected to fall 5% quarter-over-quarter to $183.3 billion, though still up 41% year-over-year.Stock Outlook: JPMorgan trimmed its year-end price target for HOOD to $44 from $45, maintaining a neutral rating.​

The anticipated decline underscores the challenges Robinhood faces in sustaining its crypto momentum amid shifting market dynamics. While the platform benefited from a retail-driven crypto boom in late 2024, the current environment reflects a more cautious investor sentiment.​

📈 Market Implications:

Robinhood's Q1 earnings, set to be released after the U.S. market close on Wednesday, will provide further insights into the platform's performance and the broader crypto trading landscape. Investors and analysts alike will be watching closely to gauge the resilience of retail crypto engagement in the face of market headwinds.​

#Robinhood: #CryptoRevenue #JPMorgan #CryptoTrading #MarketUpdate

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1️⃣ Bitcoin Jumps to $105,000 as Fed Fears Fade 🕯

The price of BTC has rebounded back to $105,000 after experiencing a dip down to $101,800 yesterday. Notably, the dip came after the Federal Reserve announced its decision to leave its benchmark interest rate unchanged, keeping it within the target range of 4.25% to 4.50%. The interest rate pause comes after three consecutive rate cuts since September, which slashed the federal funds rate by 100 basis points. During a post-meeting press conference, Fed Chair Jerome Powell explained that continued economic strength and persistent inflation influenced the decision to hold rates steady.

#bitcoin
2️⃣ Phantom Wallet Adds Support For Layer 1 Sui In Latest Multi-Chain Push 💧
#PhantomWallet
Crypto wallet platform Phantom reportedly added support for the Sui blockchain on Wednesday. This makes Sui, Phantom’s fourth Layer 1 blockchain integration. Sui is also the first Move-based chain on the Phantom Wallet. The integration allows Phantom users to manage their SUI, access Sui-native tokens like BLUE and SEND, swap assets and interact with dApps like Suilend, Navi, Aftermath and Bluefin. The plan to integrate Sui was first unveiled in December last year.

Sui Foundation Managing Director Christian Thompson stated,

The launch of Sui as the first Move-based chain on the Phantom Wallet validates what the community has accomplished in the past year. Sui’s time has arrived, and it is clear that the ecosystem is ready to onboard the next billion users into crypto.

3️⃣ Trump Media Partners With Charles Schwab, Expands Into Crypto Financial Services ‼️
#BinanceAlphaAlert
The Trump Media and Technology Group (TMTG), a media conglomerate partially owned by US President Donald Trump, is reportedly expanding its operations into financial services and cryptocurrencies under the brand name ‘Truth.Fi.’ The move is part of TMTG’s plan to diversify the company’s cash and cash-equivalent reserves of over $700 million as of December 31, 2024. To that effect, the board has approved the investment of up to $250 million. This investment capital, which will be custodied by Charles Schwab, will reportedly be invested in traditional investment vehicles, separately managed accounts (SMAs), exchange-traded funds (ETFs), "bitcoin and similar cryptocurrencies or crypto-related securities."

4️⃣ Digital Currency Group Spins Out New 'Self-Mining' Crypto Mining Subsidiary 💸

Digital Currency Group (DCG) has announced the launch of Fortitude Mining - a new self-mining/solo-mining cryptocurrency mining subsidiary focused on “achieving strong returns by mining Bitcoin and other high-growth digital assets in emerging ecosystems with attractive return profiles.”

According to the announcement, Fortitude Mining has been established as DCG’s standalone mining business. The mining operation was previously part of Foundry, a decentralised mining and staking service. Fortitude Mining’s website lists Andrea Childs as the CEO. Childs joined Foundry in 2020 before heading the new DCG subsidiary.

5️⃣ Robinhood Teases Bitcoin Futures Trading In Addition To Oil And Gold ⚡️
#Robinhood:
Online trading platform Robinhood is reportedly rolling out futures trading for several assets, including the “S&P 500, oil, Bitcoin, and more.” The platform noted the new service is "coming soon." This is the latest in a series of moves that seek to offer the platform’s users additional crypto-related investment opportunities.

6️⃣ Lawmakers In El Salvador Rush New Bitcoin Reform After IMF Deal ▶️According to a Reuters report, El Salvador’s Congress has approved legislation that amends its Bitcoin laws to make them more compliant with the terms of a $1.4 billion loan deal struck with the International Monetary Fund (IMF). Notably, the terms of the IMF deal seek to adjust the country’s exposure to crypto. It also requires the government to make the acceptance of BTC payments optional and voluntary for private-sector merchants. The bill was ratified by the country’s Legislative Assembly just minutes after President Nayib Bukele sent in the legislation.
#ElSalvadorBTCReserve

CEO of Robinhood Vlad Tenev's strategy with Bitcoin and crypto reflects a significant shift in how traditional financial companies approach digital assets. Below are highlights of this strategy:
1. Bitcoin on the Balance Sheet
• Tenev suggests the possibility of holding Bitcoin as an investment asset but still considers the risks.
• Complex for Public Investors: Robinhood holding Bitcoin could be confusing as it is both a trading platform and an investor. This requires transparency in financial strategy and information.

Robinhood has reached a settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of over ten violations of securities laws. The total fine amounted to $45 million.
Long-Term Misconduct by Robinhood
The SEC's report revealed that two divisions of the company, Robinhood Securities LLC and Robinhood Financial LLC, violated securities laws between 2018 and April 2024. Key issues included failing to report suspicious activities, insufficient protection of customer data, and inadequate measures against identity theft.
Robinhood acknowledged some of the SEC’s findings and agreed to the following penalties:
Robinhood Securities LLC to pay $33.5 millionRobinhood Financial LLC to pay $11.5 million
Key Violations and Cybersecurity Weaknesses
The SEC highlighted several critical failures, including:
Anti-money laundering lapses: From January 2020 to March 2022, Robinhood failed to report suspicious activities, violating anti-money laundering laws.Identity theft protection: Between April 2019 and July 2022, Robinhood did not implement adequate measures to prevent identity theft, exposing customers to greater fraud risks.Cybersecurity vulnerabilities: In 2021, the company ignored known threats, allowing unauthorized access to sensitive data of millions of users.
Securities Law Breaches
The SEC also found that Robinhood failed to comply with record-keeping and off-channel communication regulations between 2020 and 2021. From 2019 to 2023, the company violated short-sale regulations in its fractional trading and stock lending programs.
Another significant issue was the inaccurate reporting of over 11,800 electronic blue sheets (EBS), resulting in erroneous reporting of approximately 392 million transactions over five years.
SEC's Statement
Sanjay Wadhwa, Acting Director of the SEC's Enforcement Division, emphasized that brokerage firms must comply with laws to maintain market integrity. He stressed the importance of adhering to regulations that protect investors and ensure fairness in financial markets.
Robinhood's Crypto Division Still Under Scrutiny
Although Robinhood’s cryptocurrency activities were not part of this settlement, the company remains under SEC scrutiny. In 2023, Robinhood received a Wells notice, indicating potential SEC actions regarding its cryptocurrency listings, custody practices, and platform operations.
Meanwhile, the SEC continues its civil enforcement actions against other major crypto companies, including Binance, Coinbase, and Ripple Labs.

#CryptoNewsCommunity , #Robinhood: , #SEC. , #CryptoNewss , #CryptoMarket

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In a significant regulatory update, the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Robinhood’s cryptocurrency division, without pursuing any enforcement actions.
The investigation initially centered on whether Robinhood’s crypto-related activities adhered to U.S. securities laws, particularly regarding asset protection and potential market manipulation.
The SEC’s decision to close the probe without further action is seen as a positive development for Robinhood, which has faced scrutiny in the past for its handling of crypto services. Robinhood's Chief Legal Officer expressed relief and reaffirmed the company’s commitment to compliance with all relevant regulations.
This move reflects a more positive regulatory stance toward crypto platforms, as the SEC is slowly refining its approach to overseeing the burgeoning digital asset industry. The closure of the investigation allows Robinhood to continue its focus on expanding its crypto services while ensuring that regulatory standards are met.
It also highlights a broader trend of increasing regulation in the crypto industry, as the U.S. government seeks to strike a balance between innovation and investor protection.
Investors are now looking to platforms that support well-established coins like Bitcoin $BTC
$SOL
$LTC
as safer, more compliant options.
#SEC #Robinhood: #news #BinanceAlphaAlert #learn2earn