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‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss

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The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter.

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Coin Market

New York, Illinois sign EO banning state employees from prediction markets

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New York Governor Kathy Hochul criticized the Trump administration for not implementing any “meaningful ethical standards” to curb insider trading in prediction markets.

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Coin Market

Kalshi bans 3 US politicians for betting on their own election races

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Matt Klein, a sitting member of the Minnesota State Senate, said he made a bet out of curiosity, while Mark Moran claimed he wanted to see how Kalshi responds to insider trading activity.

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Coin Market

Four reasons why the crypto market is rallying today: Will bulls maintain control?

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Bitcoin and Ether surged as US liquidity measures and record spot ETF inflows offset investors’ recession fears and their concerns over the war in Iran.

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