Robinhood Hits All-Time High
Robinhood has officially closed its $200 million acquisition of Bitstamp which was first announced in June 2024. The completed acquisition will now allow the company to offer crypto services internationally. Robinhood is now up more than 76% YTD vs Coinbase’s -2.5%. Read more →
Meta Shareholders Overwhelmingly Reject Proposal to Consider Bitcoin Treasury Strategy
Of the 14 proposals on Meta’s 2025 ballot, Bitcoin came in dead last. Shareholders overwhelmingly rejected a plan to add BTC to the company’s treasury with less than 1% of the votes. So while corporate BTC purchases are on the rise, we haven’t seen a household name institute a treasury strategy since like Tesla (and yes, we’re ignoring the Gamestop buy). Read more→
Another Threat To GENIUS
The GENIUS Act looked set to sail through the Senate this week until leadership agreed to an open-amendment process. Senators pushing for a plan to make Visa, Mastercard, and AmEx more competitive on credit card “swipe-fees” may now hitch their measure on the stablecoin bill. Pro-crypto republicans, however, say that they will kill the entire package if the swipe-fee amendment sticks, while crypto lobby groups are urging senators to keep the legislation clean. Read more →
