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Robinhood prediction markets surge; Binance.US seeks CFTC license; regulation debates intensify

Robinhood reported record quarterly earnings with prediction markets becoming its top revenue driver, while crypto revenue declined 38% year-over-year. Binance.US announced plans to apply for a CFTC license to operate a prediction market platform. Meanwhile, US lawmakers continue debating crypto regulatory frameworks, the Ethereum Foundation expanded its privacy focus with a new board member, and Bitcoin traded flat as the Federal Reserve held interest rates steady.

Robinhood prediction markets lead earnings

Robinhood posted record quarterly results with prediction market revenue exceeding both crypto and equities revenue, though the company's overall crypto revenue declined 38% compared to the prior year.

Binance.US pursues CFTC prediction market license

Binance.US announced plans to apply for a CFTC license in August to launch a prediction market platform, representing the company's entry into regulated derivatives trading.

Ethereum Foundation expands privacy leadership

The Ethereum Foundation added a co-founder of SEAL 911 to its board as the organization increases its focus on privacy-related initiatives.

US arbitration firm launches crypto dispute panel

A major US arbitration firm launched a specialist panel dedicated to handling cryptocurrency-related disputes.

Bitcoin stable as Fed maintains rate policy

Bitcoin and Ethereum remained largely flat after the Federal Reserve held interest rates steady, with three Fed officials advocating for a rate increase.

Generated by Deep Blue Alpha's AI analysis · Updated 03:25 UTC, Jul 30 · Based on 30 articles
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US sanctions Iranian maritime firm, says it accepted Bitcoin to evade restrictions

The US Treasury said HormuzSafe accepted Bitcoin and other digital assets to evade sanctions and generate revenue for Iran’s Islamic Revolutionary Guard Corps.

CoinTelegraph 12m ago
50 articles today
6 sources
05:39 UTC updated
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