Key Takeaways Florida AG is investigating Robinhood Crypto for deceptive claims about its crypto platform pricing. HOOD must respond to a subpoena by July 31 as part of the state's probe under consumer protection laws. HOOD has paid over $70M in fines this year and is under EU scrutiny for its tokenized equity products.Florida Attorney General James Uthmeier has initiated an investigation into Robinhood Crypto, LLC, a subsidiary of Robinhood Markets, Inc. (HOOD) . As part of the investigation, a subpoena ...

.@RobinhoodApp initiative highlights stark differences between major crypto trading platforms as they use tokenization to break from traditional methods of record keeping and create more efficient systems for investors. https://t.co/ko63gsMXe9 ...

Company Overview - eToro has priced its IPO at $52 per share, raising nearly $310 million and valuing the company at approximately $4.2 billion [1] - Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro competes with platforms like Robinhood and generates revenue through trading fees and non-trading activities [5] Financial Performance - eToro's net income surged almost thirteenfold to $192.4 million in the last year, up from $15.3 million the previous year [6] - Revenue from cryptoassets more than tripled to over $12 million in 2024, with one-quarter of its net trading contribution coming from crypto, an increase from 10% the prior year [6] IPO Context - The IPO market is showing signs of recovery, with eToro's Nasdaq debut under the ticker symbol ETOR being a potential indicator of market readiness for risk [4] - eToro previously attempted to go public in 2022 through a SPAC merger, which was scrapped due to a downturn in equity markets [7] Investor Interest - BlackRock has expressed interest in purchasing $100 million in shares at the IPO price, with the company planning to sell 5 million shares in the offering, alongside existing investors selling another 5 million [8]