Robinhood is trading near all-time highs as its expanded push into crypto and blockchain continues to pay off. Robinhood’s strategic embrace of blockchain technology and tokenization has fueled a nearly 30% rally in its stock over the past month, highlighting the brokerage’s new growth drivers despite regulatory scrutiny of some of its products. Robinhood stock, trading under the ticker HOOD, surged on Wednesday to $94.65 in New York trading, putting it within 4% of its all-time closing high set on July 2. The stock has climbed more than 27% over the past month and is up 137% year-to-date, lifting its market capitalization to over $82 billion. Read more
Germany’s top banks, including Deutsche Bank and Sparkassen, are entering crypto with regulated trading and custody services by 2026. In a move set to redefine EU finance, some of Germany’s most powerful banks are entering crypto — on their own terms. Deutsche Bank, with more than 1.6 trillion euro ($1.9 trillion) in assets under management, and the Sparkassen-Finanzgruppe, which oversees over $2.3 trillion, are preparing to launch regulated crypto services for institutional and retail clients by 2026. Read more
Key metrics on Solana remain flat despite LetsBonk’s recent surge, but supporting data suggests memecoins may be staging a comeback. Pump.fun has lost its spot as Solana’s top memecoin launchpad for the first time since its breakout, overtaken by rookie platform LetsBonk. At first glance, Solana’s overall network activity suggests that the memecoin scene is more reshuffling than expanding. Total token launches on the network remain stable, daily transactions are trending downward and the number of new accounts created is roughly half of April’s peak. However, supporting metrics hint that Solana may be on the rise again, driven by a potential expansion in memecoin activity, according to Vugar Usi Zade, chief operating officer of Bitget. Read more