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Robinhood embraces copy trading after warning competitors about regulatory risks

What a difference a changing regulatory environment makes. Roughly nine months after suggesting that a young copy trading platform could only operate because it flew “under the radar” of regulators, Robinhood has announced its own entry into the space with “Robinhood Social,” a new feature that will allow users to follow and manually replicate the trades of prominent investors. The move represents a striking about-face for the online brokerage, which has historically been cautious about featur

Brokewell Android malware delivered through fake TradingView ads

Cybercriminals are abusing Meta’s advertising platforms with fake offers of a free TradingView Premium app that spreads the Brokewell malware for Android. The campaign targets cryptocurrency assets and has been running since at least July 22nd through an estimated 75 localized ads. Brokewell has been around since early 2024 and features a broad set of capabilities that include stealing sensitive data, remote monitoring and control of the compromised device. Taking over the device Researchers

Kanye West Said Memecoins ‘Prey On Fans.’ Then He Apparently Launched One

Kanye West, the hip-hop artist who goes by Ye, appears to have launched his own cryptocurrency, YZY, sparking a riot of trading activity. In February, West rejected the idea that he might launch a crypto coin. “I’M NOT DOING A COIN,” he wrote, in a since-deleted post on X. “COINS PREY ON THE FANS WITH HYPE.” He seems to have changed his mind. On Wednesday evening, West’s X account announced the YZY coin in two posts. “The official Yeezy token just dropped,” said West, in a strangely deadpan vi

Bitcoin briefly retakes $120,000, ether touches 2021 highs after breaking key $4,000 level

Bitcoin has edged closer to its all-time high after an overnight rally that also propelled ether to levels not seen since 2021. The price of bitcoin was last flat at $118,981.86, according to Coin Metrics. Ether was also flat at $4,256.90, after surging on Sunday to its highest level since December 2021. Both were trading off their highs of the day. On Friday, ether broke $4,000 for the first time since December. The moves took place alongside a rise in U.S. equity futures earlier in the morni

Figma’s stock soared in its highly anticipated IPO, market cap instantly hit $45B

Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared so quickly that trading was halted for a short time due to market volatility. Within a minute of trading, its market cap hit $45 billion but the price spent the day bouncing between $101 and as high as $124. It closed at $115.50 and a $47 billion market cap, Yahoo Finance reports. The company and existing investors sold shares at the IPO price of $33 per share. Quite the pop. And after-market trading i

Robinhood reports second-quarter earnings beat with revenue climbing 45%

Robinhood beat Wall Street expectations for the second quarter Wednesday, extending a hot streak that has made it the best-performing large-cap U.S. tech stock this year. Here is how Robinhood's results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 42 cents vs. 31 cents expected 42 cents vs. 31 cents expected Revenue: $989 million vs. $908 million expected Revenue jumped 45% year-over-year to $989 million, while net income more than doubled to

Foxconn halts share trading ahead of ‘material information’ disclosure [U: Partnership]

The Taiwan Stock Exchange (TWSE) has issued a press release confirming that trading in shares of Hon Hai Precision Industry Co., Ltd. (better known internationally as Foxconn) will be suspended starting July 30, 2025. Here’s why the timing is interesting. Update: The reason was a partnership with TECO Electric & Machinery geared to data centers. Trading to be resumed ‘after the release of material information’ In a press release today, the TWSE said the trading halt applies both to Hon Hai’s

Foxconn halts share trading ahead of ‘material information’ disclosure

The Taiwan Stock Exchange (TWSE) has issued a press release confirming that trading in shares of Hon Hai Precision Industry Co., Ltd. (better known internationally as Foxconn) will be suspended starting July 30, 2025. Here’s why the timing is interesting. Trading to be resumed ‘after the release of material information’ In a press release today, the TWSE said the trading halt applies both to Hon Hai’s common shares and any underlying securities linked to the company. The suspension will remain

PAX Markets (YC W25) is hiring a founding principal hardware (RTL) engineer

What you’ll do: As founding principal hardware engineer, you will lead the design and in-production implementation of an exchange and co-located trading facility on a single silicon device. You will lead development of PAX core technology and set future design directions including implementation of an ultra-low latency 𝛼 (ML based price prediction) published in-sync with market data. PAX ultra low-latency in-silicon matching engine: PAX is building the world's first exchange and co-located tr

Pax Markets (YC W25) is hiring a founding principal hardware (RTL) engineer

What you’ll do: As founding principal hardware engineer, you will lead the design and in-production implementation of an exchange and co-located trading facility on a single silicon device. You will lead development of PAX core technology and set future design directions including implementation of an ultra-low latency 𝛼 (ML based price prediction) published in-sync with market data. PAX ultra low-latency in-silicon matching engine: PAX is building the world's first exchange and co-located tr

One of the Rarest Pokemon in History Is Coming to Pokemon TCG Pocket

No honest person can resist the attraction of Pokemon Gold. That's why Pokemon TCG Pocket's Wisdom of Sea and Sky expansion set is going all in on generation two when it arrives on July 29. This set will be one of the game's larger offerings, featuring more than 200 cards. I'm sure that has the most ravenous collectors breathing a sigh of relief, since the past two expansions -- Eevee Grove and Extradimensional Crisis -- have both had smaller complimentary card lists to build on Celestial Guard

Bitcoin falls below $117,000 after Trump crypto bills are blocked before vote

The price of bitcoin was last down 2.8% at $116,516.00, according to Coin Metrics. That marks a pullback from the day's high of $120,481.86. Bitcoin fell below the $117,000 level on Tuesday after cryptocurrency-related bills were blocked in the House of Representatives. The drop comes on the heels of multiple crypto-related bills failing to overcome a procedural hurdle in the House, with 13 Republicans voting with Democrats to block the motion in a 196-223 vote. In recent days, bitcoin has be

Bitcoin rises to fresh record above $112,000, helped by Nvidia-led tech rally

The logo of the cryptocurrency Bitcoin can be seen on a coin in front of a Bitcoin chart. Bitcoin hit a fresh record on Wednesday afternoon as an Nvidia -led rally in equities helped push the price of the cryptocurrency higher into the stock market close. The price of bitcoin was last up 1.9%, trading at $110,947.49, according to Coin Metrics. Just before 4:00 p.m. ET, it hit a high of $112,052.24, surpassing its May 22 record of $111,999. The flagship cryptocurrency has been trading in a tig