「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

**Robinhood Reports Q1 2026 Crypto Slump, But Overall Trading Revenue Rises** April 29 — Robinhood Markets Inc. posted a sharp decline in its crypto business for the first quarter of 2026, even as overall trading revenue and net profit edged up. Crypto revenue hit $134 million, a 47% year-over-year (YoY) drop, while trading volume on its native app totaled $240 billion — a 48% YoY decline. The slump has persisted since late 2025, with Q4 2025 crypto trading revenue falling 38%. The acquired Bitstamp exchange contributed $42 billion in trading volume for the quarter, though Robinhood did not share year-over-year comparison data for Bitstamp. Despite crypto weakness, overall trading revenue rose 7% YoY to $623 million, driven by a **320% surge in options revenue** (to $260 million). Stock revenue jumped 46% YoY to $82 million. Net profit reached $346 million, a 3% YoY increase. Per Bitget market data, Robinhood’s stock price fell more than 6% in after-hours trading followi

**Latest Developments in U.S.-Iran Conflict (April 29)** ### Iran - Iran: Assets of enemy collaborators should be confiscated in accordance with the law. - U.S. Media: Iran has begun using abandoned oil tanks for oil storage. - Kpler: Iran’s unused oil storage capacity equals a 22-day supply. - Iranian Army Spokesperson: The war is not over; military forces are on high alert. ### United States - U.S. Official: Trump is displeased with Iran’s new proposal; the nuclear issue must be addressed first. - Pentagon: Questions Vance’s claims and raises concerns over rapid depletion of U.S. missile stockpiles. - U.S. Secretary of State Pompeo: No evidence indicates Iran’s new Supreme Leader Mojtaba Khamenei has died. - American Automobile Association (AAA): U.S. gasoline prices average $4.18 per gallon, the highest since April 2022. - U.S. Actions: Announced sanctions on 35 Iran-related entities and individuals; intelligence community assessing Iran’s response to Trump’s

On April 29th, Senator Cynthia Lummis—sponsor of the Bitcoin Strategic Reserve Act—said concerns over the CLARITY Act’s developer protection provision are not new. Work is currently underway to strengthen the provision, which aims to protect non-custodial developers and hold bad actors accountable.

On Tuesday, April 29, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against the state of Wisconsin, accusing the governor, attorney general and other state officials of attempting to use state law to crack down on a prediction market platform. Wisconsin recently sued platforms including Coinbase, Robinhood, Crypto.com, Polymarket and Kalshi, alleging their sports event contracts amount to a "public nuisance." The CFTC asserts it holds exclusive jurisdiction over prediction markets (event contracts), arguing the state government’s attempt to criminalize federally regulated market activity violates the derivatives market regulatory framework Congress designed. It is seeking a court injunction to declare Wisconsin’s ban is federally preempted with respect to CFTC-regulated platforms.

On April 29, Coinbase announced that Citrea (CTR) will be added to its listing roadmap.

On April 29, the U.S. Department of Justice (DOJ) announced that French national Maximilien de Hoop Cartier has been sentenced to 8 years in prison by the U.S. District Court for the Southern District of New York. Cartier was convicted of operating an unlicensed over-the-counter (OTC) cryptocurrency exchange and aiding in transferring more than $470 million in criminal proceeds—including from drug trafficking—to Colombia and other locations via the U.S. financial system. He was also ordered to forfeit approximately $2.362 million in commissions and assets tied to related shell company accounts. Since 2018, Cartier used over a dozen U.S. shell companies to convert cryptocurrency to fiat currency, lying to banks about running a software development business and forging contracts/invoices to conceal the funds’ illicit origins. Even after law enforcement seized his accounts in 2021, he submitted forged documents to recover some of the funds. In October 2025, Cartier pleaded guilty