Robinhood Doubles Down on Its Chain

On today's FOMO Hour, hosts Farokh and TylerD break down Robinhood's Q3 earnings ahead of the FOMC decision. Robinhood missed revenue and EPS estimates, but crypto and prediction market revenue beat expectations, and CEO Vlad Tenev said the company is "doubling down" on Robinhood Chain after its growth outran forecasts. The hosts also cover the rally in Robinhood Chain tokens and Long going live in the Robinhood Wallet. The news rundown includes Google's crypto custody service for banks, Ripple's OCC approval for its national trust bank and RLUSD launching on Robinhood Chain, a Solflare validator security incident, Bitcoin ETF inflows, and Pump.fun's new Hyperliquid-powered perps. In the second half, Standard Reserve founder 0xBeans explains how the protocol supplies liquidity for tokenized stocks and introduces "isolated exposure tokens," which split a stock's overnight and daytime exposure. A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.