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Bernstein doubles Robinhood price target after crypto-led record $1 billion Q4 revenue

Bernstein analysts upgraded Robinhood's price target to $105 after the brokerage reported $1.01 billion in Q4 revenue, driven by a surge in cryptocurrency trading.

theblock.co • 13/02/2025 - 14:01 PM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

Ripple names Bitstamp, Bitso and Bullish among exchange partners ahead of stablecoin launch

Ripple partners with key exchanges for its stablecoin RLUSD launch, designed for enterprise use, integrating into Ripple's payment network, with an advisory board for market guidance.

theblock.co • 15/10/2024 - 12:00 PM

BITSTAMP

Bitstamp eyes Australia for institutional business expansion amid global push

Bitstamp aims to expand institutional services in Australia and enhance its market presence following Robinhood's planned $200 million acquisition, expected to close in 2025.

theblock.co • 18/09/2024 - 08:05 AM

Possible BitGo wallet moves $2 billion worth of Mt. Gox bitcoin: Arkham data

A Mt. Gox wallet moved $2 billion in bitcoin, possibly signaling an end to creditor repayments after years of waiting since the 2014 security breach.

theblock.co • 13/08/2024 - 16:18 PM

BITSTAMP

Mt. Gox creditors to start receiving bitcoin and bitcoin cash from Bitstamp on Thursday

Bitstamp has started returning digital assets to Mt. Gox creditors, distributing over $9 billion in Bitcoin, Bitcoin Cash, and Ethereum to around 20,000 users.

theblock.co • 24/07/2024 - 15:40 PM