Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue

Robinhood (HOOD) missed first-quarter earnings and revenue estimates after reporting a sharp drop in cryptocurrency trading revenue, even as growth in its other businesses pushed overall revenue higher. The popular trading platform reported first-quarter adjusted earnings of $0.38 per share, missing Wall Street expectations of $0.39, according to FactSet data. Although the company’s total revenue…

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Institutional money is coming for bitcoin, but Adam Back says it moves slower than you think

Morgan Stanley launches US spot Bitcoin Bitcoin$77,270.49 The ETF party earlier this month was described by some observers as a catalyst for ending the current cryptocurrency bear market, thanks to the massive distribution power of Wall Street’s $8 trillion advisory network. Not so fast, said Blockstream CEO Adam Back. He was an early contributor to…

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RWA news: Ondo Finance adds proxy voting for holders of its $700 million tokenized equities

Ondo Finance is bringing tokenized stocks closer to traditional stocks, giving investors a way to participate in corporate governance. The feature, built by Broadridge Financial Solutions (BR), allows holders of more than 250 tokenized securities on the Ondo platform to review company documents and submit voting preferences through Broadridge’s ProxyVote system. Investors can log in…

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‘Nobody else should be allowed’: Sunil Gavaskar urges BCCI action over fresh IPL concern

New Delhi: Sunil Gavaskar has expressed concerns over the duration of IPL matches and what he termed unnecessary on-field activities during the tournament. While the Indian Premier League continues to delight fans with exciting matches and rising young stars, many matches this season have fallen well beyond the expected three-hour window, sometimes spanning four hours….

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