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Robinhood’s (HOOD) board has approved a new $1.5 billion share repurchase program, according to an 8-K filing with the U.S. Securities and Exchange Commission.It adds more than $1.1 billion to existing buyback capacity.The company said it expects to carry out the plan over about three years starting in the first quarter of 2026, though it is not required to buy a fixed amount.Alongside the buyback, Robinhood also strengthened its access to funding. Its subsidiary, Robinhood Securities, entered into an updated credit agreement with lenders led by JPMorgan. The deal expands a revolving credit facility to $3.25 billion, up from $2.65…
Foundry won a rare Bitcoin reorg, exposing how mining concentration can impact rewards and network competition. Bitcoin experienced a rare two-block reorganization after competing mining pools briefly produced parallel versions of the blockchain. Foundry USA pulled ahead by quickly extending its chain, causing valid blocks from AntPool and ViaBTC to be dropped. While those stale blocks weren’t invalid, miners who produced them lost their rewards and their transactions returned to the mempool. Foundry Leads Chain After Rare Bitcoin Reorganization Event Bitcoin recorded a rare two-block chain reorganization after rival mining pools briefly built parallel versions of the blockchain. Foundry USA,…
NEW YORK — BNY Mellon CEO Robin Vince said the next phase of crypto adoption will depend on large financial institutions, arguing that banks are positioned to connect digital assets with the broader financial system.“We can act as a very effective bridge between the traditional finance and the digital finance ecosystems,” Vince said during a conversation at the Digital Asset Summit in New York on Tuesday.His comments come as long-established banks expand their role in digital assets after years of caution. BNY Mellon was among the first major custodians to offer digital asset custody, and Vince framed that move as…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure All has been mostly quiet on the Shiba Inu front, and the meme cryptocurrency is currently moving through a tough price phase. Interestingly, the most recent update on the ecosystem is from ecosystem dApp Woofswap, which confirmed early testing of a Shibarium Layer-3 explorer under the ShibClaw initiative but offered no further details on the L3 itself. That lack of clarity is beginning to stand out at a time when the entire Shiba Inu ecosystem needs stronger direction. Shibarium L3 Development Exists, But Details Are Missing Woofswap,…
NYSE partners with Securitize to build a blockchain platform for tokenized stocks and ETFs, aiming for faster settlement and possible 24/7 trading. The New York Stock Exchange announced a partnership with digital asset firm Securitize. According to WSJ, the companies plan to build a tokenized stocks trading platform using blockchain technology. This system may enable stocks and ETFs to trade at any time. Moreover, the move indicates that Wall Street firms are gradually bringing traditional markets onto blockchain networks. NYSE Plans Blockchain Platform for Tokenized Stocks Under the plan, Securitize will serve as the first digital transfer agent. A transfer…
Crypto has gone mainstream as a financial asset class and TradFi institutions now feel obligated to dip their toes into the space, if only to show their existing clients that they aren’t afraid to handle innovative technologies.The problem, for some of them, is that staking — one of crypto’s most basic primitives — is still considered too dangerous. It exposes institutions to risks they are structurally unwilling to accept, like slashing, downtime, operational failures and returns that resist forecasting. As a result, many firms have limited themselves to holding spot ETH or spot SOL or avoided the assets entirely.That dynamic…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The future of finance is quietly evolving, and the key players are not traditional banks or fiat systems; they are blockchain networks like Ripple (XRP) and Stellar (XLM). These cryptocurrencies could be the infrastructure that will power the next generation of finance. These networks are faster, more efficient, and more accessible than traditional systems, and they are laying the groundwork for a future where tokenized assets and digital settlements dominate. How Ripple (XRP) And Stellar (XLM) Are Building The Future In a recent X post, Versan Aljarrah,…
Gate launches prediction markets in public beta, allowing users to trade Yes or No outcomes on sports, crypto, and global events easily. Crypto exchange Gate launched a new prediction market feature in public beta. The company said that it is the first centralized exchange to integrate such a platform. Users can bet Yes or No outcomes on world events. The feature supports sports, crypto, and economic topics with instant execution and settlement of stablecoins. Gate Adds Event Trading with Yes or No Market System Gate said the new system allows users to trade based on events that are occurring in…
Crypto finance is only now beginning to provide an environment that matches traditional finance: ways to earn steadier, more predictable returns — similar to bonds or savings products, according to Aave Labs founder Stani Kulechov and Ethena CEO Guy Young.“Most fixed income is like the distribution of risk in different formats … basically just slicing and dicing and distributing risk,” Young said during a panel at Digital Asset Summit (DAS) in New York. “This piece of DeFi was probably the least featured two years ago.”Until recently, crypto users mostly traded tokens or borrowed against them, often chasing high, unpredictable yields.…
A US financial firm is warning thousands of Americans that their personal information is at risk after its systems were breached. New filings with Maine’s Attorney General show that a cyber attack of the MetroWest Community Federal Credit Union in Framingham, Massachusetts, may have exposed clients’ names, Social Security numbers, financial account numbers, routing numbers and payment card numbers. In total, 20,722 people are impacted. “On September 1st, 2025, MetroWest began receiving alerts for suspicious activity on certain systems in its network. Upon learning this, MetroWest launched an investigation with the assistance of third-party forensic specialists to determine the nature…