Robinhood (HOOD) and Coinbase (COIN) ended the week’s final session in the 
green, with Robinhood’s stock leading the move as US regulators took steps 
that could expand the local market for crypto derivatives. Shares of Robinhood 
rose sharply, jumping about 11% on the day to close around $94 per share, 
which also marked the highest level the stock has reached since February. 
Coinbase (COIN) was not far behind, gaining close to 7% as the exchange’s 
shares finished the session near $189. That level sits in the middle of the 
stock’s broader consolidation range of roughly $160 to $215, a band it has 
been trading within since late March. CFTC Sparks HOOD And COIN Rally The 
rally for both companies was widely attributed to action from the Commodity 
Futures Trading Commission (CFTC). Earlier on Friday, the agency announced it 
would allow US firms to offer perpetual (perps) futures trading, a potential 
catalyst for new product launches and expanded trading activity within the 
United States. In addition to that policy shift, the CFTC also moved that same 
day to issue a no-action letter to Coinbase. Under the regulator’s guidance, 
the letter permits Coinbase’s US customers to access the options and 
perpetuals the company already offers. Related Reading: JPMorgan CEO Goes 
Nuclear On CLARITY Act, Calling Coinbase’s Armstrong ‘Full Of S-t’ The impact 
of the regulator’s steps was not limited to Coinbase. Other US-based firms 
have signaled they are exploring perpetuals, including trading platform Gemini 
and Robinhood, which already offers the product in Europe. Mizuho analyst Dan 
Dolev summarized the opportunity by saying the main message from the day was 
that it represented a “massive market opportunity.” He added that there is 
potential for Coinbase and other firms to win a share of trading activity 
that, so far, has mostly been happening on offshore venues. Robinhood Price 
Targets Rise Mizuho also lifted its price target for Robinhood from $110 to 
$115. Separately, Citizens reiterated its “market outperform” rating and 
maintained a $155 price target. One item cited in the positive sentiment was 
Robinhood’s plan to give users the ability to connect artificial intelligence 
(AI) agents to their accounts for trading, as well as for credit card 
purchases. Related Reading: Can Ripple’s Fed Master Account Approval Trigger A 
New XRP Bull Run? AI Model Says $80 Is Possible Robinhood also said customers 
will soon be able to direct AI agents to trade equities in a separate account, 
with limits set by the user. Support for options, event contracts, futures, 
and additional products is expected to arrive later, according to the company. 
Featured image created with OpenArt; chart from TradingView.com

Robinhood (HOOD) and Coinbase (COIN) ended the week’s final session in the green, with Robinhood’s stock leading the move as US regulators took steps that could expand the local market for crypto derivatives. Shares of Robinhood rose sharply, jumping about 11% on the day to close around $94 per share, which also marked the highest &#8230;

Perps Lift Crypto Stocks—Robinhood, Coinbase End Week In The Green After CFTC Move

Meta&#8217;s acquisition of Limitless signals a strategic expansion in AI wearables, 
potentially reshaping consumer tech and personal intelligence.
The post Meta acquires Limitless AI pendant maker as part of ambitious 
wearables push appeared first on Crypto Briefing.

Meta&#8217;s acquisition of Limitless signals a strategic expansion in AI wearables, potentially reshaping consumer tech and personal intelligence. The post Meta acquires Limitless AI pendant maker as part of ambitious wearables push appeared first on Crypto Briefing.

Meta acquires Limitless AI pendant maker as part of ambitious wearables push

Anchorage Digital has taken a strategic investment position in SLX, the native 
token of Solana-based protocol Solstice. The move adds another regulated 
institutional player to Solstice’s network as demand grows for auditable 
onchain yield products. Solstice Attracts Anchorage Digital Investment After 
$400M TVL Milestone Anchorage Digital has taken a strategic investment 
position in SLX, the […]

Anchorage Digital has taken a strategic investment position in SLX, the native token of Solana-based protocol Solstice. The move adds another regulated institutional player to Solstice’s network as demand grows for auditable onchain yield products. Solstice Attracts Anchorage Digital Investment After $400M TVL Milestone Anchorage Digital has taken a strategic investment position in SLX, the &#8230;

Anchorage Digital Backs Solstice as SLX Token Gains Institutional Support

A US-Iran ceasefire extension and nuclear talks could ease regional tensions, 
potentially reshaping diplomatic and economic landscapes.
The post Trump considers US-Iran ceasefire extension, nuclear talks proposal 
appeared first on Crypto Briefing.

A US-Iran ceasefire extension and nuclear talks could ease regional tensions, potentially reshaping diplomatic and economic landscapes. The post Trump considers US-Iran ceasefire extension, nuclear talks proposal appeared first on Crypto Briefing.

Trump considers US-Iran ceasefire extension, nuclear talks proposal

Nvidia&#8217;s entry into Arm-based laptop CPUs could disrupt the market, 
challenging Intel and AMD while boosting Arm&#8217;s financial prospects.
The post Nvidia, Microsoft, and Arm tease new N1X laptop processors ahead of 
Computex keynote appeared first on Crypto Briefing.

Nvidia&#8217;s entry into Arm-based laptop CPUs could disrupt the market, challenging Intel and AMD while boosting Arm&#8217;s financial prospects. The post Nvidia, Microsoft, and Arm tease new N1X laptop processors ahead of Computex keynote appeared first on Crypto Briefing.

Nvidia, Microsoft, and Arm tease new N1X laptop processors ahead of Computex keynote

Over $500 million in Bitcoin bids now sit near $70,000, while options traders 
and futures positions converge around the same level.

Over $500 million in Bitcoin bids now sit near $70,000, while options traders and futures positions converge around the same level.

Perps Lift Crypto Stocks—Robinhood, Coinbase End Week In The Green After CFTC Move

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