Core Insights - Robinhood stock experienced a 9% increase on Wednesday, contributing to a year-to-date gain of 235% [1][2] Company Developments - Robinhood announced a partnership with Susquehanna International Group to acquire LedgerX, a regulated crypto exchange previously part of FTX [2][6] - The acquisition includes a 90% stake in LedgerX, enhancing Robinhood's position in the prediction markets [2][6] Market Trends - There is strong customer demand for prediction markets, which Robinhood aims to capitalize on [3][5] - Prediction markets have become Robinhood's fastest-growing product line by revenue, with over 9 billion contracts traded by more than 1 million customers within a year of launch [5][6] Strategic Implications - The acquisition of a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) will enable Robinhood to offer futures and options on futures, as well as clear trades in various derivatives [5][6] - This strategic move positions Robinhood to further expand its offerings in the rapidly growing prediction market sector [6]

RT Agg Trade (@agg_trade)AggTrade Swaps are powered by @SushiSwapTo provide the best trading experience, we wanted our community to have access to deep liquidity and the best rates.Here's 5 key reasons why Sushi is the ideal liquidity provider 🧵🧵🧵 https://t.co/HUT80SRkTG ...

Financial Data and Key Metrics Changes - For Q3 2025, the company reported GAAP net income applicable to common stockholders of $2 million, or $0.05 per diluted share, with comprehensive income of $4.5 million, or $0.12 per diluted share [14][15] - Book value per common share increased to $3.36 from $3.34 as of June 30, 2025, reflecting a slight growth [5][15] - Earnings available for distribution (EAD) were $3.3 million, or $0.09 per share [15] Business Line Data and Key Metrics Changes - The MSR portfolio had an unpaid principal balance (UPB) of $16.2 billion and a market value of approximately $219 million, representing about 41% of equity capital [10] - The RMBS portfolio stood at approximately $782 million, up from $756 million in the previous quarter, indicating a strategic shift towards lower and middle-of-the-coupon stack mortgages [12] - The net interest spread for the RMBS portfolio was approximately 2.87%, higher than the previous quarter, driven by increased asset purchases [12] Market Data and Key Metrics Changes - The 10-year yield ended the quarter marginally lower at 4.15%, with mortgage rates hovering around 6% [4][7] - The average net CPR for the MSR portfolio was approximately 5.9%, consistent with the previous quarter, while the RMBS portfolio's prepayment speeds held steady at 6.1% CPR [10][11] Company Strategy and Development Direction - The company adjusted its dividend to $0.10 per share, aligning it with earnings power for sustainability [6] - A strategic partnership with Real Genius LLC was highlighted, focusing on enhancing the digital mortgage experience, which is expected to accelerate growth as mortgage rates decrease [6][8] - The company aims to monitor the economic environment closely while seeking investment opportunities that are accretive to its business [8] Management's Comments on Operating Environment and Future Outlook - Management noted a reduction in macro volatility and anticipated continued easing from the Fed, which could lead to higher prepayment speeds for high coupon mortgages [4][5] - The company expressed optimism regarding the potential for accelerated growth due to lower mortgage rates, which may encourage refinancing and home purchases [8] Other Important Information - Financial leverage remained consistent at 5.3 times, with $55 million of unrestricted cash, indicating a solid liquidity profile [5] - Operating expenses for the quarter were reported at $3.8 million [16] Q&A Session Summary Question: Regarding the Real Genius partnership, was it opportunistic, or can more partnerships be expected? - Management indicated that while they are not prepared to forecast, they are open to exploring interesting and creative opportunities that align with their skill set [19][20] Question: Thoughts on expenses going forward, particularly G&A and compensation? - Management acknowledged a 12.5% sequential rise in G&A and compensation, attributing it to personnel changes and professional fees, but anticipates costs to decrease moving forward [25][28] Question: Update on current book value? - Management reported that the book value per share as of October 31 was up about 1.2% from September 30, before any fourth-quarter dividend accrual [33]

Jupiter Ecosystem & Strategy - Jupiter aims to be the go-to platform for all on-chain activities [2] - Jupiter is expanding its offerings beyond swaps to include JupNet, Perps, JupVM, a DEX, and potentially memes [2] - Jupiter's entry into the stablecoin vertical (JupUSD) is a strategic move for future growth [1] - The pause of the DAO might be related to the stablecoin initiative [1] Future Outlook - The industry anticipates continued growth and opportunities for Jupiter [1] - The company expresses strong support for Jupiter and its accomplishments [1] - The outlook for Jupiter is "Higher for longer" [1]

Derivatives Basics - Derivatives are used for hedging, speculation, and leverage in investing [1] - Options, swaps, and futures are types of derivatives [1] Risk Management - Derivatives help manage risk [1] Investment Strategies - Derivatives can maximize returns [1]

RT Kennykript 💎 (@kennykripto)If your crosschain experience still leaves you nervous about security, then you're definitely on the wrong path.@ShapeShift users know better,every interaction is non-custodial, decentralized, and powered by the best rates in DeFi.Swaps, bridging, trading covered 💎Built since 2014, ShapeShift's new mobile app puts multichain mastery in your pocket: seamless swaps across dozens of chains, zero KYC hassles, and privacy-first design. Whether you're dodging volatility or stacking s ...

We are pleased to confirm the extension of the waived Trading Fees campaign on Binance Wallet (App) until further notice.Binance Wallet (@BinanceWallet):🚀 Enjoy zero trading fees on all swaps in #Binance Wallet for the next 6 months!Start trading now! 🔥 ...

Maybe this is controversial but…Swaps should be fast https://t.co/gMCzqqTYxs ...

SwapsOnSwapsOnSwaps https://t.co/YEHQ1BbgwX ...

Swaps as fast as the time it takes you to read this https://t.co/IaQN4JXwDn ...