Ethereum

$HOOD I have covered Robinhood for the past 3 years, and it is fair to say that something really different has happened in the past 2 weeks since their Crypto event in the UK. Why? Well... Just over one week after launch of the Robinhood Chain: - 17M+ transactions - Nearly 350K total addresses - Nearly $250M in protocol TVL - More than $1B in DEX trading volume And three days ago, Robinhood Chain flipped Hyperliquid in 24-hour DEX volume, according to DefiLlama: Robinhood Chain: $433.19M Hyperliquid: $296.23M The implications for $HOOD are significant and really cannot be ignored by the market. Robinhood is evolving from a brokerage that earns from customer trading activity into a vertically integrated financial ecosystem with its own blockchain, exchange infrastructure, tokenized assets and on-chain liquidity. This along with the Trump accounts is why I think the stock has finally decoupled from $BTC and is now trading at 80% above its lows in May. Bitcoin could go up or down, the market has moved on with pegging HOOD's stock to random BTC fluctuations, because HOOD is so, so much more important than what happens with any individual coin. If Robinhood Chain continues gaining adoption, Robinhood could capture economics from: - Blockchain transaction fees - DEX trading and liquidity activity - Tokenized stocks and real-world assets (something Vlad really wants to push heavily as he sees the entire world is moving on chain) - Stablecoin payments and settlement - Third-party applications built on its network - Increased customer deposits and engagement The bigger opportunity is that Robinhood may no longer need to simply route transactions through financial infrastructure owned by other companies. It could increasingly own the infrastructure itself...which has always been the bull case for them in crypto. It's not just about making fees off people trading coins, but owning the entire stack when it comes to the broader crypto ecosystem. That gives Robinhood more control over the customer experience, potentially stronger margins and several new recurring revenue streams. It is still early, and some of the initial volume may be driven by launch incentives, but Robinhood Chain is already showing that the company could become far more than a retail brokerage. The main assets being traded on it right now are meme coins, which some people may think are a joke, but to me this is showing the willingness of so many native crypto investors to accept Robinhood Chain as a legitimate platform to be able to trade on and eventually, millions of other assets with real world utility will come on chain. $HOOD is building toward becoming a global, crypto-native financial platform and that level of innovation and speed is what has helped the stock recover this year but is also getting the street excited for the future, diversified streams of revenue which will continue to compound earnings over the coming years. LFG.

Chat Control 1 is back. Despite the European Parliament voting down the legislation twice this year, the Council of the European Union and parts of the Parliament today managed – through an urgent procedure – to extend it for another two years. The law was originally introduced as temporary legislation, so that its effectiveness could be evaluated. At the end of 2025, the European Commission itself concluded that it was not possible to determine whether the law had any measurable effect. Even so, it has now been pushed through. Some of today's amendments could have stopped the law. And a majority of the voting MEPs wanted to do so. By a margin of 314-276, the Parliament voted to reject the proposal through these amendments. However, since it was an urgent procedure, 361 votes were required. As a result, the majority lost today and Chat Control 1 was passed. The urgent procedure was a dirty play by the Council and parts of the Parliament – it’s a procedure not meant to be used on legislation already rejected by the Parliament. For now, Chat Control 1 will remain in effect. This means that tech companies may continue scanning communications without a warrant or suspicion. However, the real battle is Chat Control 2. Unlike Chat Control 1, it would require all providers to scan communications, and to do so far more extensively than Chat Control 1 ever has.