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In brief Robinhood generated $1.2 billion in revenue in its third quarter. In its latest Robinhood note, investment bank Compass Point maintained a “buy” rating and boosted its price target to $161. Robinhood’s prediction markets are gaining traction in the U.S., but the firm is also looking to expand them to other countries. Robinhood Markets generated $1.2 billion in revenue for its third quarter, a nearly 100% gain from the same period a year ago, the firm announced Wednesday, exceeding analysts’ expectations and continuing the online brokerage’s strong top-line growth.Robinhood also surpassed forecasts with earnings per share of $0.61, a…

Discussions over the digital asset market structure bill currently being considered in the US Senate are reportedly still happening amid the longest government shutdown in the country’s history.According to a Tuesday Politico report, Republican Senator John Boozman with the Senate Agriculture Committee — one of the committees that will need to approve the bill before consideration in the full chamber — will discuss the market structure legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. The reported call will come as lawmakers prepare to finalize a discussion draft of the bill.The market structure bill…

Columbia professor warns that many DATs were launched as get-rich-quick schemes. Columbia Business School professor Omid Malekan said that any analysis of why crypto prices continue to fall needs to include Digital Asset Treasuries (DATs), because in aggregate, they turned out to be a mass extraction and exit event, which is a reason for prices to go down. He said there are a few exceptions, but he added that he can count them on one hand. Meanwhile, “dozens upon dozens” were launched in a fashion likely to cause value destruction for crypto assets. He argued that, based on his…

In brief Google integrated its Gemini AI into Maps for conversational, hands-free navigation. The system gives landmark-based directions and proactive traffic alerts. A new Lens feature lets users identify nearby places through their phone camera. Generative AI is moving off the screen and onto the road. Google announced Wednesday that it has begun embedding its Gemini models into Maps, signaling how personal, phone-based navigation is becoming the next proving ground for real-world AI.Google described the update as an effort to make navigation more conversational and context-aware, allowing drivers to complete multi-step tasks by voice—such as finding a budget-friendly restaurant with…

The team behind decentralized finance (DeFi) protocol Balancer published a preliminary post-mortem report on Wednesday, detailing the cause of the exploit that siphoned $116 million across DeFi markets.Balancer was hit by a sophisticated code exploit on Monday that affected Balancer v2 Stable Pools and Composable Stable v5 pools, while all other pool types remained unaffected, according to the report.The hacker used a combination of BatchSwaps, which allow the user to bundle multiple actions in a single transaction, including flashloans — short-term loans borrowed and repaid within the same transaction — and an exploit of the upscale rounding function that affects…

Greenwich, CT, November 5th, 2025, ChainwireLeverage Shares by Themes is thrilled to announce the launch of GEMG, a first-to-market single-stock leveraged ETF with exposure to GEMI, available for trading November 5, 2025.The firm continues to expand its leveraged single-stock ETF lineup across the digital asset ecosystem; the debut of GEMG is hot on the heels of the firm’s recent launches of the Leverage Shares 2X Long BMNR Daily ETF (BMNG) and Leverage Shares 2X Long BLSH Daily ETF (BLSG), which became available for trading on October 27, 2025.These ETFs are designed to equip investors to amplify returns (up and down)…

Paris, France, November 5th, 2025, ChainwireZama, the cryptography company behind the Zama Confidential Blockchain Protocol, today announced that it has acquired KKRT Labs, a pioneering research and development firm focused on scaling blockchains using Zero-Knowledge Proofs. This strategic acquisition strengthens Zama’s technical depth in blockchain scalability and validity (ZK) rollups, while accelerating its ability to deliver high-performance confidentiality to all public blockchains.Unlocking the Next Phase of Scalable Onchain ConfidentialityKKRT Labs (also known as “Kakarot”) brings deep expertise in designing high-performance proving architectures and modular rollup systems for Ethereum-equivalent environments. Backed by investors such as Vitalik Buterin, Starkware, Lambda Class, and…

In brief Zcash is being portrayed as “encrypted Bitcoin,” according to Will Owens. The privacy-focused crypto shares some design elements with Bitcoin. The U.S. government has cracked down on Bitcoin privacy tools. As barriers between crypto and traditional finance blend, Zcash is gaining recognition as an alternative to Bitcoin, according to Will Owens, a research analyst at Galaxy Digital.Although the privacy-focused crypto is much smaller than its $2 trillion counterpart, Zcash borrows foundational elements from Bitcoin’s codebase, and it’s serving as a spiritual successor in some ways, Owens wrote in a Tuesday report.Zcash allows users to “shield” transactions with zero-knowledge…

Ethereum and Bitcoin extended their sharp declines on November 4, triggering over $1.1 billion in crypto liquidations within 24 hours as traders rushed to the exits amid mounting market stress.The drawdown has plunged the Ethereum price to a milestone last seen a months ago.Sponsored SponsoredEthereum Turns Negative for 2025 as Crypto Liquidations Exceed $1.1 BillionEthereum broke below the critical $3,400 mark, officially turning negative year-to-date (YTD) after starting 2025 near $3,353. The move marked a 7% daily plunge, its steepest drop in months.Ethereum (ETH) Price Performance. Source: TradingViewThe decline has effectively erased all of ETH’s year-to-date gains, signaling a shift…

RLUSD$1.0004, the U.S. dollar stablecoin from the blockchain payments firm closely related to the XRP Ledger network, has surpassed $1 billion in market capitalization less than a year after launching in December 2024.The milestone makes RLUSD the 10th largest U.S. dollar-backed stablecoin by market cap, according to data from CoinGecko. Issued by Standard Custody & Trust Company, Ripple’s New York state-regulated subsidiary, the token is backed by dollar reserves and short-term U.S. Treasuries, and is designed to be integrated into Ripple’s broader payments and liquidity infrastructure.While RLUSD’s market cap remains small compared to the sector’s two dominant players — Tether’s…