Core Insights - Robinhood's market value has surged from $35 billion to $85 billion in just eight months, driven by its ambition to transform into a comprehensive financial infrastructure platform [1] - CEO Vlad Tenev emphasizes that people desire "capital as a service," where funds can be accessed with the press of a button, rather than complex financial tools [1][5] - The introduction of tokenized stocks has faced resistance from companies like OpenAI and SpaceX, highlighting a phenomenon Tenev describes as "digital NIMBYism," where support for tokenization exists until it directly affects stakeholders [1][3] Business Model Evolution - Robinhood's business model has evolved beyond zero-commission trading to include nine product lines, each generating hundreds of millions in annual revenue, such as options trading, cash management, and cryptocurrency [4][5] - The vision for the future includes a "capital as a service" model that lowers barriers for entrepreneurs to access funding quickly and efficiently [5][6] - Tenev outlines the potential impact of this model, including market-driven pricing, liquidity release from illiquid assets, and AI-driven operational efficiencies [5][6] Tokenization and Market Dynamics - Tenev identifies a fundamental issue in private markets: high-quality companies often overlook retail investors, leading to an "adverse selection problem" [2][3] - The key innovation of tokenization is that it allows retail investors to participate without needing the tokenized companies to opt-in, addressing the adverse selection issue [2][3][39] - Tokenization is seen as a means to democratize access to traditionally inaccessible assets, such as private companies and real estate [3][32] Product Innovation and Customer Strategy - Robinhood is redefining financial services by offering innovative products like cash delivery services and digital private banking for high-net-worth individuals [6][62] - The company is shifting its customer strategy to cater not only to millennials but also to active traders who have specific needs similar to gamers, focusing on speed and technology [6][26] - Tenev's approach aims to democratize high-end financial services, making them accessible to a broader audience [6][62] Future Outlook and Regulatory Considerations - Tenev believes that the tokenization model could significantly change the financial landscape, but regulatory clarity is needed, especially in the U.S. [41] - The company plans to expand its tokenization offerings, starting with publicly traded stocks and eventually including private equity [43][45] - Tenev expresses confidence that the demand for tokenized assets will grow, particularly in markets outside the U.S. where access to U.S. assets is limited [32][41]

Deployment of 26 @Starlink satellites confirmed https://t.co/I68Pa2PTIh ...

Falcon 9's first stage flies through the cloud layer before landing on the Of Course I Still Love You droneship https://t.co/FyhdamL4xV ...

Space Industry - Falcon 9 发射 26 颗星链 (@Starlink) 卫星进入轨道 [1] - 发射地点位于加利福尼亚州 [1]

Core Viewpoint - Blockchain technology is attempting to disrupt traditional stock markets, but the reality is more complex than the ideal scenario [1] Group 1: Tokenized Stocks - The launch of tokenized stocks has not gone smoothly, with significant price deviations from the underlying stocks since their introduction two weeks ago [2] - Tokenized stocks, referred to as "xStocks," were launched by Backed Finance in collaboration with Kraken and Bybit, targeting non-U.S. customers [5] - The price performance of tokenized stocks has been chaotic, with instances of extreme price surges, such as the AAPLX token reaching $236.72, a 12% premium over the actual stock price [3] Group 2: Regulatory Scrutiny - Robinhood is facing scrutiny from European regulators after launching a token that allows investors to bet on OpenAI without the company's permission [2] - The Bank of Lithuania has contacted Robinhood for explanations regarding the marketing of these tokens, which are linked to companies that are not publicly listed [5] - Concerns have been raised that tokenized stocks could become a means to circumvent regulations, as traditional stock markets have mechanisms to monitor and investigate suspicious activities [5] Group 3: Market Manipulation Concerns - Industry insiders worry that tokenized stocks create opportunities for insider trading and market manipulation, which are difficult to detect [2] - Backed Finance claims that public blockchain transactions are more transparent than traditional finance, potentially aiding in the monitoring of illegal activities [6] - However, other industry participants express concerns that trading tokenized stocks on anonymous platforms could lead to increased illegal activities, with one CEO describing it as a "Pandora's box" [6]

SpaceX：计划2026年上半年发射第三代卫星。 ...

1、 《求是》杂志发表习近平总书记重要文章《坚定不移推进高水平对外开放》。 文章指出，要不断扩大高水平对外开放。过去中国经济发展是在开放条 件下取得的，未来中国经济实现高质量发展也必须在更加开放条件下进行。要以国内大循环吸引全球资源要素，增强国内国际两个市场两种资源联动效 应。 2、 我国经济半年度 " 成绩单 " 公布，上半年 GDP 为 66.05 万亿元，同比增长 5.3% 。分季度看，一季度 GDP 同比增长 5.4% ，二季度增长 5.2% 。 上 半年固定资产投资增长 2.8% ，其中房地产开发投资下降 11.2% 。 6 月份，规模以上工业增加值同比增长 6.8% ，社会消费品零售总额增长 4.8% 。国家统 计局副局长盛来运指出，中国的政策 " 工具箱 " 丰富，也在加强政策储备，会根据市场变化适时推出。 3 、 英伟达确认，将恢复 H20 芯片在中国的销售，并宣布推出面向中国市场的全新且完全兼容的 GPU 。 英伟达创始人兼 CEO 黄仁勋表示，美国政府已 向英伟达保证将授予许可证，并且英伟达希望尽快启动交付。黄仁勋还宣布将推出专为计算机图形、数字孪生和人工智能设计的新显卡 RTX Pro ...

Amazon's Kuiper satellites to get boost from rival SpaceX | TechCrunch https://t.co/WH5JQFWUg0 ...

United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon's Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States.As Amazon chases SpaceX in the internet satellite market, the e-commerce and computing giant is now counting on Elon Musk's rival company to get its next batch of devices into space. On Wednesday, weather permitting, 24 Kuiper satel ...

Even at the ends of the Earth 🌎, the most important question..Do you have your tickets for @theXtakeover event?Just 11 DAYS 🚀 until the biggest Tesla, SpaceX, all-things-Musk event of 2025Get your tickets 🎫 (while available) at - https://t.co/T5sY3Z9t2o🎥@JoshWest247 https://t.co/vh9SaJhZxS ...