Robinhood’s Crypto Trading Revenue Soared 339% in Q3 as Company Tops Street Earnings Estimates
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The brokerage platform saw a record $80B in crypto trading volume; shares dipped in after hours action despite the earnings beat.
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The brokerage platform saw a record $80B in crypto trading volume; shares dipped in after hours action despite the earnings beat.
**[China and the U.S. Begin Implementing Kuala Lumpur Economic and Trade Consultation Consensus, Adjust Tariff Measures]** On November 6, China and the U.S. began implementing the consensus reached during the Kuala Lumpur economic and trade consultations, with recent adjustments to multiple tariff and non-tariff measures. On November 4 local time, the White House issued two presidential executive orders, announcing the removal of the 10% "Fentanyl Tariff" on Chinese goods starting November 10, 2025, and extending the suspension period for the 24% "Reciprocal Tariff" on Chinese goods by one year. On November 5, relevant Chinese departments also announced corresponding adjustment measures. Huo Jianguo, Vice President of the China Society for World Trade Organization Studies, stated that the current implementation involves the first batch of consensus outcomes, addressing measures related to the U.S.'s previous increase of the "Fentanyl Tariff" and the imposition of "Reciprocal Tariffs" on Chinese goods. Future implementation of consultation outcomes will also cover areas such as the "50% Penetration Rule," restrictions related to the Section 301 investigation, cooperation on fentanyl anti-drug efforts, and the expansion of agricultural trade.
[Aave Founder Warns of Lending Protocol Design Risks and Asset Manager Conflict of Interest Issues] Yearn community member Schlag posted on the X platform, pointing out that the losses of the Stream project stemmed from high-leverage trading, directional trading, and concealing the usage of user funds. He called on DeFi projects to strengthen standardization and transparency, emphasizing the importance of due diligence and risk control. In response, Aave founder Stani.eth stated that immutable oracle price feeds and interest rate mechanism designs could pose potential disasters to lending protocols, urging stakeholders to be vigilant about risks arising from design flaws. Additionally, he stressed that asset managers taking excessive risks for competitive purposes exacerbates industry problems, calling for collective efforts to build a safer decentralized finance (DeFi) ecosystem.
1. Trump claims to pardon Zhao Changpeng after strict review process 2. Federal Reserve Governor Milan: Continuing to cut interest rates is still reasonable 3. Gold price correction ends, may rise to $4700 per ounce 4. Mastercard invests $2 billion to drive cryptocurrency development 5. Bitcoin spot ETF opens with trading volume exceeding $1 billion in 30 minutes 6. The Fidelity Bitcoin ETF has released 3552 BTC worth $365 million 7. US Senator Suggests Community Banks to Embrace Bitcoin and Cryptocurrency The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/498522
[Bitmine Address Receives 20,205 ETH, Total Value Approximately $69.89 Million] On-chain data shows that the Bitmine address received 20,205 ETH from Coinbase and FalconX early this morning, with a total value of approximately $69.89 million. Additionally, the address '0xca6' received 4,009 ETH from Galaxy Digital, and currently holds a total of 13,281 ETH, valued at approximately $45.58 million.
[Bank of England Commits to Aligning with the U.S. on Stablecoin Regulation] Sarah Breeden, Deputy Governor of the Bank of England, stated at the SALT conference in London that the UK plans to stay in sync with the U.S. on stablecoin regulation, emphasizing the importance of regulatory coordination in this $310 billion industry. She noted that the UK would implement a stablecoin regulatory framework 'as swiftly as the U.S.,' alleviating concerns that the UK might lag behind in this area. Previously, the U.S. passed the landmark GENIUS Act in July of this year. Additionally, in September, UK Chancellor Rachel Reeves met with U.S. Treasury Secretary Scott Bessent, where both parties agreed to strengthen coordination on activities related to cryptocurrencies and stablecoins. Several cryptocurrency advocacy groups within the UK had previously called on the government to adopt more open industry policies to avoid falling behind other countries in terms of innovation and regulation.