Headlines

Adam Forsyth

Robinhood prediction markets drive $1.31B quarter

Robinhood Markets reported record second-quarter revenue on July 29, as growth in event contracts, options and equities offset another decline in cryptocurrency trading. Summary Robinhood’s Q2 revenue rose 32% to a record $1.31 billion, while net income climbed 48%. Event contract revenue reached $156 million, rising more than 10x and overtaking cryptocurrency transaction revenue. Crypto…

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Why transaction counts tell you almost nothing

Every chain announcement leads with a transaction number. On a network charging $0.0002, 1 million transactions represents $200 of economic activity and a weekend of testing. The metric that headlines every milestone is the one that survives the least scrutiny, and the analytics platforms already know it. Summary Transaction counts are the most-cited blockchain metric…

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What happens if a prediction market is delisted?

Prediction market guides explain how contracts resolve and pay. Almost none explain what happens when a market never gets that far, because it was voided, suspended by a court, renamed mid-life, or pulled by the exchange. The answers live in rulebooks and incident history, and they differ enough to matter. Summary A prediction market can…

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Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows

Bitcoin is nearing a market bottom, according to a key valuation metric called the Yardstick from Fidelity Digital Assets. “BTC’s Yardstick is hovering near historic lows, while several sentiment indicators are approaching capitulation territory,” stated Fidelity in its Q3 Signals Report on Tuesday. However, bitcoin is currently trading around 50% below its all-time high,…

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