Author: Blockto Team

The trading platform’s growing crypto business helped double overall revenue year-over-year, surpassing Wall Street expectations and strengthening its foothold in digital assets. Robinhood Reports Major Growth in Crypto Segment Robinhood Markets reported a dramatic rise in third-quarter crypto revenue, surging over 300% from the same period last year. The gain helped the trading platform double its total revenue to $1.27 billion, significantly beating analyst forecasts of $1.2 billion. The company’s transaction-based revenue rose 129% to $730 million, driven primarily by its $268 million in crypto earnings. Meanwhile, earnings per share jumped 259% to $0.61, well above Wall Street’s expected $0.51.…

While Robinhood’s crypto business continues to grow, executives remain cautious about adding Bitcoin or other cryptocurrencies to the company’s balance sheet. Robinhood Weighs the Pros and Cons of Holding Crypto Trading platform Robinhood Markets is still undecided about whether to buy and hold cryptocurrencies as part of its corporate treasury, despite the growing number of firms embracing this trend. During the company’s third-quarter earnings conference, Shiv Verma, Robinhood’s Vice President of Finance and Strategy, addressed the ongoing debate internally about whether a crypto treasury aligns with shareholder interests. “We like alignment with the community. We are a big player in…

Residents of a rural Hood County community voted down plans to incorporate as a city, losing their bid to gain authority over a nearby Bitcoin mining site blamed for constant noise pollution. Texas Residents Lose Battle to Curb Bitcoin Mining Noise Residents in a small rural community in Hood County, Texas, have failed in their attempt to incorporate as a new municipality called Mitchell Bend, a move aimed at gaining control over a Bitcoin mining facility they claim is disrupting daily life. According to local reports, only 38% of 138 voters supported the proposal to establish the two-square-mile town, home…

Ethereum’s transaction throughput surges to an all-time high with the rise of the high-speed Layer 2 network “Lighter,” signaling a major leap in blockchain scalability. Ethereum Scaling Reaches New Heights The Ethereum network has achieved a new milestone in scalability, processing a record 24,192 transactions per second (TPS), driven by a surge in activity from its Layer 2 protocol, Lighter. The data, recorded within the last 24 hours by blockchain analytics platform Growthepie, highlights Ethereum’s ongoing evolution toward faster and more efficient transaction processing. Lighter, a decentralized perpetual futures platform, has been the key catalyst behind this breakthrough, averaging 4,000…

XLM price eyes $0.35 after reclaiming major support with rising investor interest Stellar’s native token, XLM, has shown renewed strength after reclaiming a critical support area near $0.27, registering a modest 0.97% daily gain. The move came alongside a noticeable surge in trading volume, hinting that buyers are gradually regaining control despite broader market uncertainty. On the daily chart, XLM has broken out of its recent descending pattern, forming a short-term bullish structure supported by heavy buying activity. The chart highlights key support at $0.25–$0.27 and resistance between $0.33–$0.35, with technical momentum suggesting potential for a continuation toward the upper…

The U.S. asset manager debuts its blockchain-based fund for institutional investors as Hong Kong accelerates its real-world asset tokenization agenda. Franklin Templeton Expands Digital Footprint in Asia Global investment giant Franklin Templeton has introduced a tokenized U.S. dollar money market fund for professional investors in Hong Kong, marking a major milestone in the city’s growing digital asset ecosystem. The Franklin OnChain U.S. Government Money Fund is the first end-to-end tokenized structure by an asset manager to integrate issuance, distribution, and servicing directly onchain in Hong Kong. According to the company’s statement shared with Cointelegraph on Wednesday, the fund is registered…

Deputy Governor Sarah Breeden says the UK aims to align with the US on stablecoin oversight as both nations coordinate to regulate the $310 billion market. UK Promises Regulatory Parity with the US The Bank of England (BoE) has pledged to move “just as quickly as the US” in implementing stablecoin regulations, with Deputy Governor Sarah Breeden emphasizing that regulatory synchronization between the allies is “really important.” Speaking at the SALT Conference in London on Wednesday, Breeden said the BoE’s upcoming stablecoin consultation paper, set for release on Nov. 10, will lay the groundwork for a UK framework designed to…

The longtime crypto advocate began taking his paycheck in Bitcoin in 2021 and says he remains unfazed by short-term volatility, focusing instead on the technology’s long-term potential. Suarez Says His Bitcoin Paychecks Have Tripled in Value Miami Mayor Francis Suarez — one of the earliest U.S. politicians to take his salary in Bitcoin — says he’s sitting on a 300% gain from his crypto paychecks, even after Bitcoin’s recent slide below $100,000. In an interview with Fox Business on Wednesday, Suarez said he began receiving his salary in late 2021, when Bitcoin was priced around $30,000. With BTC now trading…

Matt Hougan says investors should favor ETFs over companies that simply hold crypto, urging digital asset treasuries to innovate through DeFi participation and strategic yield generation. Bitwise’s Hougan: DATs Must Go Beyond ‘Lazy’ Bitcoin Hoarding Bitwise Chief Investment Officer Matt Hougan believes the most successful digital asset treasuries (DATs) are those “doing something hard” — not merely putting Bitcoin or other crypto assets on their balance sheets. In a post shared on X (formerly Twitter) on Wednesday, Hougan argued that the current wave of companies adding digital assets to their corporate reserves lacks innovation and long-term value creation. “Buying a…

On-chain analytics firm says weakening demand and bearish sentiment could push Bitcoin down 28% within two months if buyers fail to defend the six-figure level. Bitcoin Faces Crucial Support Test at $100K Bitcoin could fall to around $72,000 within the next one to two months if it fails to hold the $100,000 support level, according to new analysis from on-chain intelligence firm CryptoQuant. “If the price doesn’t manage to hold the ~$100,000 area and breaks downwards, there are higher risks of targeting $72,000 in a one- to two-month period,” said Julio Moreno, head of research at CryptoQuant. Bitcoin briefly dropped…