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Glonghui, February 11｜A cautious attitude towards cryptocurrency trading dragged down Robinhood’s fourth-quarter revenue, and the company’s stock price also came under pressure on Tuesday. However, executives at this trading app downplayed the impact and spoke at length about the prospects of a “supercycle” in the prediction market, which allows users to bet on events such as sports and politics. Robinhood’s sales for the quarter were $1.28 billion, up 27% year-on-year. However, this figure fell short of FactSet’s expectation of $1.35 billion. Cryptocurrency trading revenue for the quarter declined by 38%. Robinhood CEO Vlad Tenev said on the company’s earnings call: “We’re not distracted by short-term volatility or the movements of bitcoin or other assets.” He believes that the technology behind bitcoin will ultimately be used as the foundation for more transactions and other services. Tenev said he believes the current period marks the beginning of a “prediction market supercycle.” Last year, a Robinhood division related to derivatives launched a prediction market hub. Robinhood’s prediction market trading volume more than doubled in the fourth quarter, with over 12 billion contracts traded in 2025.

Nomura Holdings and Daiwa Securities Group announced that they will cooperate with Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group to develop a stablecoin-based securities trading platform. This platform will allow investors to use stablecoins pegged to fiat currencies to purchase financial products such as stocks, bonds, and investment trusts, and will enable real-time, around-the-clock settlement of transactions via blockchain. The related pilot program is scheduled to be reported to financial regulators this month and will be launched thereafter, with the goal of commercializing the platform in the coming years.

ChainCatcher reported that Bitmine continued to stake 140,400 ETH (worth 282 millions) today. Their total ETH holdings now amount to 4,325,738, with 3,037,859 ETH already staked, and the staking rate has exceeded 70%.