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According to BBX data, the global capital markets revealed the latest developments in direct investment in Bitcoin and the performance of brokerage digital asset businesses yesterday. The core information is as follows:Japan Bitcoin Industry has completed a capital increase of 840 million yen, fully paid in physical Bitcoin: The Web3 infrastructure developer Japan Bitcoin Industry announced the implementation of a third-party share allocation capital increase, successfully issuing shares to two institutions, Fulgur LLC and ANAP Lightning Capital (ALC), raising a total of 840 million yen (approximately 5.07 million USD). Notably, this capital increase will be fully funded in physical Bitcoin, with on-chain delivery expected to be completed on November 2. At the same time, the company signed a basic agreement for cooperation in Lightning Network routing business with ALC, which will use the Bitcoin held by ALC as the underlying liquidity for the company's operational channels. The raised funds will be specifically used for the research and development of the infrastructure "aurora" (supporting enterprises to access Lightning payments via API), talent recruitment, and local routing network infrastructure.Robinhood (NASDAQ: $HOOD) Q3 crypto revenue plummets 55%, causing overall profits to fall short of expectations: American internet brokerage giant Robinhood released its third-quarter financial report. The data shows that due to a slowdown in cryptocurrency trading activity and increased operating expenses, overshadowing its strong performance in options and prediction markets, the quarterly profits fell below Wall Street expectations. In the third quarter, its cryptocurrency trading revenue decreased significantly by 55% year-on-year to 120 million USD. Although options trading revenue grew by 31% and event contract revenue surged more than sixfold, driving overall trading revenue up 19% year-on-year to 867 million USD, total operating expenses also increased by 16% year-on-year to 739 million USD. The company's earnings per share for the quarter were 0.51 USD, falling short of analysts' expectations of 0.55 USD, leading to a drop of over 7% in its stock price in after-hours trading.

According to the official announcement, Robinhood Chain has added 8 new stock tokens, namely JP Morgan, Visa, PayPal, BMNR, McDonald's, Disney, Uber, and VanEck Gold Miners ETF.

Robinhood CEO Vlad Tenev stated during the third quarter earnings call held this morning that the future plan is to build Robinhood Chain into the best place to hold and trade all tokenized assets, starting with stock tokens and perpetual contracts, and then expanding significantly.Regarding support for builders, Vlad said, "We are currently putting a lot of effort into researching how to further scale and how to better support community development. Many developers have provided feedback that we can do more in supporting the community. I believe everyone will see us increasing our investment because we want to make it the best developer ecosystem and the best on-chain community in the world. So, you will see us increasing investment because the development of emerging ecosystems like this is rare."He also confirmed, "Robinhood is working hard to do more for the community. We had to form a team, and I think in the near future, you will see us providing more support for developers."

According to Chao Xiang Research, Bernstein's report on October 26, 2026, lowered COIN's revenue forecast for 2026 by 32%. HOOD's third-quarter revenue is expected to be $1.5 billion, a quarter-over-quarter increase of 13%; CRCL's third-quarter revenue is expected to be $770 million, a quarter-over-quarter increase of 10%; FIGR's third-quarter loan volume reached $5.1 billion, a quarter-over-quarter increase of 20%.Bernstein pointed out that the native cryptocurrency spot trading volume is weak, and the valuations of the four digital asset platforms have shifted towards new products such as prediction markets, perpetual futures, tokenization, and lending platforms. All four maintain an outperform rating, with target prices of $160 for HOOD, $250 for COIN, $145 for CRCL, and $70 for FIGR. The report also predicts that the revenue share of new products for HOOD will increase from 3% in 2025 to 25% in 2028, while COIN will rise from 2% to 19%, and the speed of new product realization will determine valuation differentiation.

Trader Bonk Guy (@theunipcs) stated that Robinhood's latest financial report is a significant boon for the on-chain ecosystem, with Robinhood Chain playing a key role in the growth of its crypto business revenue. Robinhood CEO Vlad Tenev also expressed positive expectations for the future development of the on-chain business.Bonk Guy also mentioned that PONS currently accounts for about 88% of the market share of the Robinhood Chain token launch platform. He stated that if the ecosystem has bottomed out, PONS is expected to gain substantial returns from subsequent inflows of funds and is very optimistic about PONS's future performance.

According to Cointelegraph, Robinhood CEO Vlad Tenev stated during the third quarter earnings call on Tuesday that there is uncertainty about whether U.S. tokenization rules can be sustained in the long term, which may hinder investors from allocating large assets into the tokenized market. He described the five-year innovation exemption granted by the SEC in September as "a very positive step," but emphasized that further rule-making or legislation is needed to bring long-term regulatory certainty.Tenev noted that the uncertainty regarding the direction of the rules after five years is likely to become an obstacle to allocating large assets to this technology when communicating with clients. Tokenized stocks have previously faced resistance from traditional issuers, with 16 companies including Microsoft, Alphabet, and Goldman Sachs opposing their stocks being listed on the proposed OKXICE platform. AMC CEO Adam Aron has also publicly criticized Robinhood's tokenized stock products.Robinhood currently offers about 200 stock tokens on the Robinhood Chain, supported by the underlying stocks, but constructed in the form of tokenized debt securities, providing only economic exposure without dividend and voting rights, thus falling outside the scope of the SEC innovation exemption that requires rights parity. Tenev stated that tokenized stocks of private companies will be launched overseas, while seeking a path that complies with accredited investor restrictions within the United States. Binance Research's baseline scenario predicts that the market size could reach $34.9 billion by 2030, with approximately $4.43 billion as of September 15.

According to GMGN market data, the market capitalization of the Robinhood Chain ecological token PRIORS briefly surpassed 15 million USD, currently reported at 12.6 million USD, with a 24-hour increase of 84.6% and a trading volume of approximately 1.5 million USD.On the news front, the official Robinhood Crypto account retweeted a post from the Priors project. Priors is positioned as an on-chain credit infrastructure for AI Agents, recently launching a public dashboard Board, showcasing the registered ERC-8004 Agents on the Robinhood Chain, and recording in real-time the repayment status and collateral asset information of Agents borrowing through Priors, including stock tokens and other assets.

According to The Defiant, Robinhood announced its financial report for the third quarter of 2026, with cryptocurrency business revenue of approximately 120 million dollars for the quarter.Among them, the Robinhood Chain network contributed about 26 million dollars, offsetting the decline in other cryptocurrency business revenues. The company's overall revenue and earnings per share did not meet the market consensus expectations compiled by MarketBeat.

The trading platform Robinhood announced its third-quarter financial report, with revenue of $1.42 billion, slightly below Wall Street's expectation of about $1.43 billion; earnings per share were $0.51, lower than the expected $0.55 and also down from $0.61 in the same period last year. Net profit was $476 million, a year-on-year decrease of 14% and a quarter-on-quarter decrease of 17%. This quarter included an unrealized loss of $67 million from Robinhood Ventures Fund I, equivalent to $0.07 per share; adjusted earnings per share were $0.60, a year-on-year decrease of 3%. After the financial report was released, the stock price fell in after-hours trading, closing at about $94.61 on Tuesday, a cumulative decline of about 18% for the year.By business segment, event contract revenue increased from $156 million in the second quarter to $173 million, with customer trading volume reaching a record 16.4 billion contracts, more than seven times that of the same period last year. Cryptocurrency trading revenue rebounded from $100 million in the second quarter to $120 million, but was down 55% from $268 million in the third quarter of 2025; this quarter's cryptocurrency trading volume was $50 billion, a year-on-year decrease of 38%, with $21 billion from in-app and $29 billion from its acquired exchange Bitstamp.Robinhood narrowed its guidance for adjusted operating expenses and equity incentive costs for 2026 to $2.675 billion to $2.75 billion, lowering the previous upper limit of $2.775 billion. A few hours before the financial report was released, the company announced a partnership with Ripple to introduce the stablecoin RLUSD to Robinhood Chain and Bitstamp, with plans to launch it in-app later this year; RLUSD has a market capitalization of over $2.5 billion, and Ripple will also provide fund management software and lending services for Bitstamp traders. Robinhood Chain went live as a Layer 2 network on July 1, generating about $3.13 million in fees within 30 days as of the end of August, surpassing Ethereum and Base.

According to The Defiant, Robinhood announced that its Earn feature is now available to all eligible users, allowing users to participate in on-chain USDG lending. The funds deposited by users will go into the Morpho vault curated by Steakhouse on the Robinhood Chain.The rewards earned will be used to supplement lending interest, and withdrawals will depend on the liquidity status of the vault. This feature is available to all eligible users, who can earn income through on-chain lending.

Tom Wan, the data director at Entropy Advisors, stated that the transaction fees for Robinhood Chain will be included in the third quarter financial report to be released tomorrow. He mentioned that the transaction fees for the first quarter of this chain amounted to 51.1 million USD, which is about half of Robinhood's second quarter cryptocurrency trading revenue, and he is paying attention to whether the company will describe this chain as infrastructure for other businesses or as an independent source of income.Tom Wan noted that the average daily transaction fees in October have dropped to about 52,000 USD, with the decline primarily due to pricing. The increase in fees in late August was attributed to gas congestion, with the average transaction fee rising from 0.002 USD to 0.298 USD, and weekly trading volume increasing by 7.5%. On September 1 and September 3, Robinhood raised the gas target from 18 million per second to 40 million, and gas prices have returned to the lower limit of 0.02 gwei.He also mentioned that by the end of the third quarter, USDG on Robinhood Chain was 693 million USD, compared to 101 million USD on July 1; estimating based on a roughly 3.5% share and an average scale of 427 million USD for the third quarter, the quarter's revenue was about 3.8 million USD, which annualizes to about 24 million USD based on the current scale of 674 million USD. There are 195,000 stock token holders, and last week the DEX trading volume was about 700 million USD. In the second quarter, the cryptocurrency trading volumes for Bitstamp and the Robinhood App were 22.1 billion USD and 18.3 billion USD, respectively, and he stated that there is currently no public data indicating how much of that is related to this chain.

According to Cointelegraph, Bernstein analysts expect that the prediction market will become a new profit growth point for the trading platform Robinhood Markets (HOOD), potentially bringing in about $1.7 billion in revenue by 2028, surpassing the estimated $1.6 billion from its cryptocurrency business during the same period.Analysts predict that Robinhood's prediction market revenue will grow from about $650 million this year to $1.7 billion by 2028, accounting for approximately 18% of its total revenue of $9.4 billion in 2028.This forecast was released the day before Robinhood's Q3 2026 earnings report. Bernstein expects Robinhood's Q3 revenue to increase by 13% quarter-over-quarter to about $1.5 billion, mainly driven by growth in stock nominal trading volume, options trading volume, event contract trading volume, and a rebound in cryptocurrency trading volume. Bernstein raised its revenue expectations for Robinhood by 3% for 2026, 4% for 2027, and 3% for 2028, while maintaining a target price of $160, citing improved assumptions for stock and cryptocurrency revenue.Robinhood is listed on NASDAQ, and its stock price fell to $93.6 in pre-market trading on Monday, having dropped over 29% in the past 12 months.

According to the information released by the SEC, Robinhood (HOOD) director Bhatt Baiju sold 50,912 shares of the company's stock on October 21 at an average price of $101.4 per share, for a total value of approximately $5.1625 million. After the transaction, his direct holdings decreased to 4,636 shares.

According to Fortune, Robinhood Ventures Fund I announced today that it has completed an investment in Cognition, with a total investment amount of approximately 10 million dollars.Cognition was founded in 2024 and developed the first autonomous software engineer, Devin. Devin is capable of independently completing project planning, code writing, testing, and production environment deployment. By delegating repetitive engineering tasks to AI agents, engineers can focus more on architectural design, system planning, and complex problem solving.Currently, Devin has been deployed in some of the largest and most complex institutions globally, including Goldman Sachs, Citigroup, Wayfair, Mercedes-Benz, and Nubank. Recently, based on the current revenue level annualized, Cognition's revenue has exceeded 1 billion dollars.

According to Fortune, Robinhood Ventures has invested 10 million dollars in the AI programming tool company Cognition. Earlier this year, Robinhood Ventures had already invested 75 million dollars in OpenAI.This reinvestment in Cognition signifies its multi-target layout strategy in the field of AI development tools.

On October 22, the smart contract security company ChainSecurity announced that the Glamsterdam hard fork on the Ethereum Hoodi testnet has been postponed. Researchers stated that security impacts have been found in existing contracts and identified 13 real cases, and they are currently conducting responsible disclosure with the affected projects. The announcement requests teams to review the contracts, and the Ethereum Foundation is assessing the scope of the impact; the announcement did not name the projects, provide contract addresses, or give an alternative fork date.The related issues involve contracts that continue execution after capturing failed external calls. Under the reviewed gas changes, the failure handler may complete execution, whereas it would previously roll back due to gas exhaustion. The caller can deliberately provide insufficient gas to complete the target operation, but enough to allow the outer contract to record a permanent failure, causing operations that could have been retried to lose their recovery path.The technical disclosure reviews EIP-8037 and EIP-8038 from the version specification dated October 13, where the gas examples described are for proposed execution behavior. The state-gas reservoir will be fully passed with the call, and forwarding restrictions apply to execution gas, with gasleft() only reporting the execution balance. According to the reviewed rules, clearing storage slots that start at zero at the beginning of a transaction can replenish up to 97,920 execution gas; intermediary contracts may also credit back the accounted state-creation fees upon REVERT and return them to the caller.

According to the Science and Technology Innovation Board Daily, Nvidia CEO Jensen Huang stated during a media interview at the GTC conference in Berlin on Thursday that the likelihood of a memory supply surplus by 2029 is low. He mentioned that one great aspect of memory is that there is always more that can be used, and he noted that HBM will continue to be applied in the coming years.Jensen Huang also stated that Nvidia is the first company in the world to introduce LPDDR memory, used in mobile phones, into data centers, which doubles its energy efficiency compared to any current global solution, thus it will continue to use this type of memory extensively. He mentioned last Thursday that customer demand for AI chip orders continues to exceed the company's supply capacity, with new orders pouring in almost weekly, if not daily.In the past week, storage chip stocks faced sell-offs due to market concerns over supply surplus and weak demand. A well-known media outlet in South Korea published a column last week, citing two experts who predicted that by 2029, there will be a significant increase in semiconductor supply, and the storage chip market may turn into a red ocean. On Thursday, the Nasdaq Composite Index closed down 2.6%, at 26008.86 points; SanDisk fell 8.51%, SK Hynix fell 8.07%, Seagate Technology fell 7.86%, Western Digital fell 6.43%, and Micron Technology fell 6.23%.

The decentralized lending protocol Morpho has incorporated stock tokens issued by Robinhood into its stablecoin lending market, allowing users to collateralize these tokens to borrow stablecoins.According to the disclosure, the first markets launched include NVDA and SPCX, both with a liquidation threshold of 62.5%; the liquidation threshold for SPY is 77%. The borrowing asset for the aforementioned markets is the stablecoin USDG.

Robinhood plans to launch a retail investment platform in the Middle East next year, with Dubai as its new operational base. The company has obtained authorization from the Dubai Financial Services Authority and will provide trading and custody services for individual users covering 10 asset classes, including stocks, ETFs, and more.