Robinhood had a strong start to the year, posting a 50% jump in revenue for the first quarter, with much of that growth coming from its cryptocurrency business. The surge in trading volumes, as investors looked to hedge their positions in a volatile market, helped the platform’s profits more than double, surpassing analysts’ expectations. The company’s transaction-based revenue, which includes income from options, crypto, and equities trading, shot up by 77% this quarter. A significant chunk of this came from crypto, which brought in $252m in revenue, marking a 100% jump from the same time last year. That figure slightly exceeded the $247m that analysts had predicted, underscoring the strength of Robinhood’s crypto business. Robinhood Markets has just released financial results for the first quarter of 2025. Check out the highlights from @vladtenev below, and catch our earnings call live at: https://t.co/W92tO1JASh pic.twitter.com/62L4RYpfHY — Robinhood (@RobinhoodApp) April 30, 2025 Robinhood Leans on Crypto Success but Aims to Diversify for Long-Term Stability Crypto trading, particularly Bitcoin, was a big driver of growth. Despite market volatility, crypto transactions remained strong, a trend that’s been crucial for Robinhood’s success. CEO Vlad Tenev said that while the company continues to rely on crypto volumes, it’s working to diversify beyond that. Over time, Robinhood plans to make the crypto side of its business less dependent on transaction volumes. “We’re focused on diversifying the business outside of crypto,” Tenev said during the earnings call . “This will make us less reliant on crypto transaction volumes in the future.” Image Source: Robinhood Strong Performance Across Options, Equities, and Margin Investments Fuel Robinhood’s Q1 Success But it wasn’t just crypto that fueled Robinhood’s success. The company also saw impressive growth in options and equities trading. Revenue from options jumped 56%, while equities grew by 44%. Net interest revenue, which mainly comes from margin investing, jumped 14% to $290m. Robinhood’s platform assets rose by 70% year-over-year, reaching $221b, with record net deposits of $18b. Tenev pointed out that customers are not only trading more, but they’re also entrusting Robinhood with more of their assets. The company’s net income for the quarter hit $336m, or 37 cents per share, compared to $157m, or 18 cents per share, last year. Analysts had forecasted a profit of 33 cents per share. This strong performance came despite the ongoing trade tensions between the US and China, which kept markets on edge. The first quarter was marked by significant swings in both stocks and crypto prices, largely due to President Donald Trump’s trade policies. While some markets have started to recover from the losses in April, the uncertainty continues, creating opportunities for platforms like Robinhood to succeed in the current volatile environment. The post Robinhood Posts 50% Jump in Q1 Revenue as Crypto Business Doubles from Last Year appeared first on Cryptonews .
World’s entry into the U.S. market marks a transformative leap in biometric identity verification, aiming for a nationwide impact with 7,500 Orbs. Partnerships with giants like Visa and Circle showcase
The post XRP Is Made in America, Here’s Why That Matters appeared first on Coinpedia Fintech News XRP has been in the crypto world for over a decade, and despite many challenges, it’s still standing. Recently, Dan Tapiero—founder of 10T Holdings and a long-time investor—shared his thoughts on XRP, praising its ability to survive in a tough and fast-changing industry. In an interview with CoinDesk, he said that, “One very impressive thing about XRP is just how long it’s lasted, how many times it’s come under attack. It’s the Lindy effect—the longer it exists, the stronger it becomes.” A History of Scrutiny and Survival XRP’s journey has been anything but smooth. Its parent company, Ripple Labs, has faced fierce criticism and legal challenges—including a high-profile lawsuit from the U.S. Securities and Exchange Commission (SEC) that resulted in XRP being delisted from several major U.S. exchanges. For a time, it looked like XRP might fade into obscurity. But the token didn’t disappear. It bounced back. Despite detractors—particularly among Bitcoin maximalists and Ethereum loyalists—XRP has retained a passionate community and continued use cases. ETFs and the American Edge Recent chatter around ProShares launching XRP ETFs has sparked fresh interest, though it’s met with mixed reactions in the crypto community. Tapiero points out that while Bitcoin and Ethereum dominate headlines, XRP is carving out a unique identity—and doing so from U.S. soil. “It’s made in America. And with this administration, that matters,” he said. A Personal Connection Tapiero’s connection to XRP runs deep. His first crypto trades were in Bitcoin and XRP, executed via a platform then called BitReserve—now known as Uphold. His gold firm, Gold Bullion International (GBI), was the first to let users trade gold for XRP and Bitcoin. Back then, XRP traded at a tenth of a cent. Today, it fluctuates around $2.00 depending on market cycles. Looking back, Tapiero admits he didn’t fully understand XRP at the time and didn’t hold onto it long-term. But his takeaway is one many in the space can relate to: “Just because you didn’t buy it at a tenth of a cent doesn’t mean you couldn’t buy it at one cent, or ten cents. If you believe in something, never give up on it.”
Shiba Inu’s layer-2 scaling solution, Shibarium, continues to demonstrate robust growth, recently surpassing another significant milestone: processing over 200 million transactions. This achievement underscores the increasing adoption and utility of the Shibarium network within the Shiba Inu ecosystem. Rapid Growth in Transaction Volume The surge in transaction volume on Shibarium highlights the network’s capacity to … Continue reading "Shiba Inu’s Shibarium Achieves New Transaction Milestone" The post Shiba Inu’s Shibarium Achieves New Transaction Milestone appeared first on Cryptoknowmics-Crypto News and Media Platform .
XRP price started a fresh increase from the $2.1250 zone. The price is now rising and must clear the $2.250 resistance to gain bullish momentum. XRP price started a fresh increase from the $2.1250 zone. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2.2450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if there is a close above the $2.250 resistance. XRP Price Eyes Fresh Upside Move XRP price started a downside correction from the $2.350 resistance zone, unlike Bitcoin and Ethereum . The price dipped below the $2.30 and $2.250 support levels. The bears even pushed the price below the $2.20 level. A low was formed at $2.1250 and the price is again rising. There was a move above the $2.150 and $2.180 resistance levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.2450 level. There is also a connecting bearish trend line forming with resistance near $2.2450 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.250 level. The next resistance is $2.270 and the 61.8% Fib retracement level of the downward move from the $2.359 swing high to the $2.1250 low. A clear move above the $2.270 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.350 resistance or even $2.3650 in the near term. The next major hurdle for the bulls might be $2.40. Dips Supported? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.180 level. The next major support is near the $2.1250 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.020 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $2.180 and $2.1250. Major Resistance Levels – $2.250 and $2.270.
A coalition of leading crypto firms is urging the U.S. SEC to clarify that staking does not qualify as a security, emphasizing its role in blockchain security. In a significant
In a recent update from COINOTAG dated May 1st, analytics published by Farside Investors indicate that the US Ethereum spot ETF experienced a significant *net outflow* of **$2.3 million**. This
Key takeaways: Galaxy Digital plans to begin trading on the Nasdaq on May 16, pending shareholder and Nasdaq approval. Nasdaq-listed crypto firms posted strong gains in April after a period of macroeconomic uncertainty. Galaxy CEO Mike Novogratz says the listing will broaden the company’s investor base and US presence. The Toronto Stock Exchange (TSX) listed crypto investment firm Galaxy Digital is set to move to the US-based Nasdaq on May 16, pending stakeholder approval at its upcoming shareholders meeting. Galaxy’s planned move comes as several Nasdaq-listed crypto firms saw substantial gains in April, following a turbulent few months of macroeconomic uncertainty. Galaxy founder and CEO Mike Novogratz said on April 30 that the listing would be a milestone “that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems.” Nasdaq listing will widen Galaxy’s investor base A special Galaxy shareholders' meeting is scheduled for May 9 to seek final approval for the move, with Nasdaq also needing to offer its approval before listing the crypto firm. The company plans to use the ticker symbol GLXY on the Nasdaq, and if it goes ahead with the listing, will enter a transition period during which it will continue to trade on the TSX, on which it first listed in July 2020. Galaxy is down 12.28% on the TSX so far this year amid a broader market downturn, according to Google Finance data. GLXY is own 12.28% since Jan. 1 on the Toronto Stock Exchange. Source: Google Finance Meanwhile, the Nasdaq 100 is down 7.33% so far in 2025, according to TradingView data. However, it held steady in April, with some commentators downplaying the recent bearish sentiment. Novogratz is widely known as a pro-crypto advocate and Bitcoin ( BTC ) bull. It was reported on April 17 that Galaxy Ventures Fund I LP is expected to raise around $175 million to $180 million by the end of June to build a portfolio of 30 crypto and blockchain startups. Crypto entrepreneur Anthony Pompliano said in an April 30 X post that “the Nasdaq 100 ended April up more than 1%, and people are still talking about the Great Depression.” “Insane,” Pompliano added. Related: Bitcoin ‘aging’ chart projects sixfold BTC price rally above $350K Several crypto-related firms listed on the Nasdaq have posted gains over the past month, following broader market turbulence due to macroeconomic uncertainty stemming from Trump’s tariffs. Crypto exchange Coinbase (COIN) is up 17.80%, Michael Saylor’s Strategy (MSTR) is up 31.86%, and Bitcoin mining firm CleanSpark (CLSK) is up 21.58%, according to Google Finance data. Magazine: TV hit Peaky Blinders to launch crypto game, FIFA Rivals on Polkadot: Web3 Gamer This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
An industry coalition wants the U.S. securities regulator to issue clear, principles-based guidance on the status of staking.
The second-largest crypto asset, Ethereum , is again capturing market attention as bullish momentum builds, but its path to reclaiming higher price levels and maintaining a strong rally is far from guaranteed. As ETH shows strength, crypto analysts point to key zones that might bolster the altcoin’s renewed upward trend. A Pivotal Price Point To Spur Ethereum’s Rally Over the past few days, Ethereum has demonstrated notable bullish performance, recovering levels such as $1,800. While ETH’s price may seem poised for an extended rally, a crucial level has emerged as the next hurdle that will determine the continuation of the current uptrend. After a series of higher lows, Rose Premium Signals, a technical analysis platform, has highlighted ETH’s potential to continue its rally. Several critical indicators are pointing to a significant upside, but the altcoin’s true potential lies in breaking the $2,200 mark. Historically, this zone has acted as a strong support for ETH , reflecting its resilience at this level. According to the platform, Ethereum must close a daily candle above the orange zone at $2,200 to validate the extension of the ongoing bullish trend. When the $2,200 mark is broken, the development would spark a strong rally towards the $4,000 target. However, if momentum is not maintained here, a drop may occur , making this price point a pivotal battleground for both bulls and bears. In the meantime, Rose Premium Signals suggests a cautious approach as long as ETH’s price remains below this point. Rose Premium Signals’ technical analysis strongly aligns with that of Kamran Asghar, a crypto expert and trader. In his analysis shared on the X (formerly Twitter) platform, the expert noted that Ethereum is building momentum within a Bull Flag pattern. A bull flag formation is a chart pattern that hints at the continuation of an uptrend. Specifically, this chart pattern emerges after a period of upside price movements, which is followed by a consolidation phase within a channel. Asghar also confirms that the altcoin has made a Golden Cross, indicating growing momentum. Even though a golden cross has been confirmed on the chart, the expert asserted that “ETH needs to close above $2,200 for a bullish trend.” Considering the price action, Asghar is confident that ETH will explode to about $16,414 by early 2026. Interest In ETH Rising Among Big Investors The anticipated rally is likely to be supported by the renewed interest in Ethereum among big investors or whales. Ted Pillows reported a positive sentiment among these investors as they significantly accumulated ETH during recent price spikes. On-chain data shows that large investors purchased nearly 30,000 ETH, valued at $50.24 million, in less than 4 hours. Such massive accumulations by these big players indicate strong conviction in the altcoin’s long-term performance. With rising buying pressure, ETH could attract enough momentum to push toward higher levels in the upcoming days.