Robinhood's Record Quarter Fails to Impress...

Here's what we've got for you today:

• Robinhood Stock Sinks 7% as Crypto Revenue Plunges 55%

• Zcash Co-Founder Wants to Cut 8% Block Rewards as $125 Million Treasury Sparks Funding Dispute

• BlackRock Joins SBI and Startale to Connect Tokenized Funds With Japanese Yen Stablecoin

• SK Hynix Stock Rockets as AI Chip Boom Fuels Record Profit

📉 Robinhood Stock Sinks 7% as Crypto Revenue Plunges 55%

Robinhood shares plunged approximately 7% after hours as third-quarter earnings missed Wall Street expectations. Cryptocurrency revenue plunged 55% to $120 million, while rising operating expenses and weaker profits only added to investor concerns.

✂️ Zcash Co-Founder Wants to Cut 8% Block Rewards as $125 Million Treasury Sparks Funding Dispute

Zcash co-founder Sean Bowe has proposed ending the 8% allocation of newly created ZEC to community grants. he argues that the program's treasury, which is valued at over $125 million, is already sufficiently funded.

🪙 BlackRock Joins SBI and Startale to Connect Tokenized Funds With Japanese Yen Stablecoin

BlackRock partnered with SBI Holdings and Startale Group to explore linking tokenized money market funds with Japan's regulated yen stablecoin, JPYSC. The agreement could pave the way for blockchain-based fund settlements, although no participating fund, blockchain or launch date has been confirmed.

💪 SK Hynix Stock Rockets as AI Chip Boom Fuels Record Profit

SK Hynix shares surged more than 8% after the chipmaker reported record third-quarter earnings, with revenue soaring 328%. Strong AI chip demand and a massive $75 billion shareholder return plan fueled the rally.

👀 QUICK NEWS

• Ripple's RLUSD Heads to Robinhood's Retail App, Potentially Reaching 28.6 Million Customers

• Binance Files for Brazil Crypto License but Drops 22 Tokens and Restricts 8 Products

• Jio Platforms Stock Soars 21% in Stunning Market Debut

• XRP Takes Over New York Subway Trains as Ripple Opens Swell 2026 With More Than 100 Speakers

• Three AI Suppliers Just Beat Earnings Expectations but Wall Street Is Worried About Who Pays the Bill

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