Robinhood: Predicting the Market is Becoming the Fastest-Growing Revenue Stream
On November 26th, Robinhood declared that the prediction market has emerged as one of its fastest-growing revenue sources and intends to expand this business by introducing a futures and derivatives exchange along with a clearinghouse. In a statement issued on Tuesday, Robinhood mentioned that since partnering with the prediction market platform Kalshi in March of this year to launch the prediction market, more than 1 million users have traded 9 billion contracts.
JB Mackenzie, the General Manager of Robinhood's Futures and International Business, stated, "We have witnessed strong user demand for the prediction market, and we are excited to build on this momentum." Robinhood stated that it will further enhance its investment in the prediction market field, including establishing a futures and derivatives exchange and clearinghouse to strengthen its presence in the prediction market.
"Our investment in infrastructure will enable us to provide customers with a better experience and mor
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Ethena's associated address has transferred out 125 million ENA from a CEX, equivalent to approximately $34.15 million.
On November 26th, as monitored by Onchain Lens, the Ethena-associated address withdrew 125 million ENA from a centralized exchange (CEX), which is equivalent to $34.15 million. The details are as follows:
A new wallet (0xa19...a64a) received 1.0535 billion ENA from Coinbase Prime, with a value of $28.7 million.
In addition, a wallet (0x631...e3ae) withdrew 20 million ENA from Bybit, worth $5.45 million. This wallet currently holds a total of 305.15 million ENA, with a value of $88.67 million.
3 minutes ago
Dogecoin ETF Trades $1.41M on First Day with No Net Inflows/Outflows
On November 26th, according to CoinDesk, on its first trading day (November 24th), the first physically-backed Dogecoin ETF, GDOG, had a trading volume of $1.41 million with no net inflows or outflows.
3 minutes ago
Coinbase Bitcoin Premium Index has been in a negative premium for 27 consecutive days, currently standing at -0.0515%.
On November 26th, based on Coinglass data, Coinbase's Bitcoin Premium Index has been in a negative premium for 27 consecutive days and is currently at -0.0515%.
**BlockBeats Note**: The Coinbase Bitcoin Premium Index is employed to measure the disparity between the Bitcoin price on Coinbase (a major U.S. exchange) and the global market average price. This index serves as a crucial indicator for observing U.S. market fund flows, institutional investment sentiment, and market mood fluctuations.
A positive premium indicates that the Coinbase price is higher than the global average, typically suggesting: strong buying pressure in the U.S. market, institutions or compliant funds actively entering, abundant USD liquidity, and a generally optimistic investment sentiment. Conversely, a negative premium indicates that the Coinbase price is lower than the global average, usually reflecting: higher selling pressure in the U.S. market, decreased investor risk appetite, a rise in market risk aver
3 minutes ago
Doma Mainnet Launched, 36 Million Domains Available as Tradable Tokens
On November 26th, Domain Financial Infrastructure D3 Global officially launched the Doma Protocol mainnet today. It introduced the world's first batch of domain names that can be traded as tokenized assets.
The launch of this mainnet unveiled a variety of high-end domain name assets to support token trading pairs on Doma. This landmark integration shows how Doma transforms high-value domain names into liquid tradable assets while maintaining the underlying DNS compatibility and intrinsic value of the domains. By fractionalizing scarce assets like Software.ai into ERC-20 tokens, Doma has broken the previous monopoly of a few high-capital elite domain name holders on such assets.
Furthermore, Doma will collaborate with registrars to bring over 36 million domains onto the blockchain and create a global network. Token holders can trade fractional ownership of underlying domains, provide liquidity to earn transaction fees, or engage in long-term staking to unlock utility features. During
3 minutes ago