Every Zipp story tagged #HOOD, newest first.
ETF-style wrappers have anchored TradFi flows for decades; Arcus is betting the next generation lives onchain, where a leveraged position can also be lent out or routed across protocols.
The $160 price target on Outperform hinges on Robinhood expanding beyond spot trading into tokenized assets and event contracts, where volume margins are wider.
Event contracts pulled $156M versus $100M from crypto trading, a 38% YoY slide in token revenue, while overall net income climbed 48% to $573M.
Earnings beat and a record $1.31B quarter were not enough to offset a 38% year-over-year drop in crypto trading revenue, setting a cautious tone for Coinbase's report Thursday.
The fake "Vladhood" post exploited Tenev's reach to flog a token on the very chain his firm launched, underscoring how memecoin rails and high-profile social accounts remain a soft target.
The $30 target bump hinges on a $70B-plus opportunity stack across prediction markets, perps, and tokenized equities, with event-contract revenue set to eclipse crypto by Q2 2026.
The 10 million-user distribution story is real, but tokenized real-world assets on Robinhood Chain sit at just $12.66M while a cat memecoin peaked at $156M.
Bernstein's first read on the chain puts $3.1B in week-one DEX flow and $313M in tokenized assets on the board, suggesting the tokenized-RWA bet is finding real liquidity rather than just retail…
The brokerage-to-DeFi leap is the bigger read than any single product: a Wall Street brand is now shipping its own L2 plus a 7% lending yield, and HOOD jumped 5% on the day.
Crypto revenue fell to $134M from $252M year-over-year — and the COO exit signals the structural challenge: a retail platform trying to decouple its earnings from the trading cycle that built it.
TheBlock
CoinDesk