Uh Oh, Robinhood CEO just said this about ethereum Transcript, AI Summary & Key Points

00:00 We could be doing more to support the community and I think you should expect to see us really ramp that up. Uh >> oh. Robin Hood CEO Vlad Tenev just said this about Ethereum in his Q3 Q&A earnings call. Not many investors caught it. >> And um what we didn't anticipate is products like Robin Hood chain, right? And we we said Robin Hood chain already in quarter got out of the gate really quick.

00:27 >> As I share this with you which affects Ethereum and crypto long-term, it is important to understand what has just what is affecting crypto short-term. Fed leaves interest rates unchanged as expected. Although a rate hike now in December remains likely as the US central bank continues to focus on inflation which remains well above its 2% target. CNBC explains >> Federal Reserve leaving interest rates unchanged at 375 to 4% in that range in a 10 to2 vote.

00:56 The Fed saying it seeks quote the accumulation of more information to figure out where to set policy and wants to quote ensure a timely return of inflation to the 2% target. I'm going to read this full new sentence that appears in the uh statement now. It says the accumulation of more information will help the committee determine the policy stance appropriate to ensure a timely return of inflation to the committee's 2% goal.

01:23 >> So, they're buying themselves a little time. They'll say they'll have better information, newer information in December, their next meeting. Yet, because they do make a point of flat out saying inflation remains elevated, we are still committed to our 2% goal. That's why a December hike remains widely expected because CPI is well above 2%, inflation is well above 2%.

01:46 And hey, maybe these energy costs go down in the next few months, but right now they're still elevated. And the market expected this, so the market didn't react to this. Bitcoin had a neutral response, kind of popped a little on the news slash to nothing. Ethereum and the broader crypto market had sort of a neutral response, sort of popped a little and then corrected slash did nothing.

02:09 When the mark when the Fed does something that the market does not expect, that's a surprise. That's when really fireworks happen. All eyes will be on the next CPI report coming out November 10th. The only CPI report before the Fed's December meeting. This will have an effect on crypto, on markets. I will keep you updated. And looking at Ethereum, Robin Hood CEO Vlad Tenev is very bullish on Ethereum.

02:32 Not many people caught this. This was in his Q&A at his Q3 earnings call yesterday. >> And um what we didn't anticipate is products like Robin Hood chain, right? And we we said Robin Hood chain already in quarter got out of the gate really quick with 100 billion in DEX volume and 50 million of chain fees, right? And you you you think about how much and and we're we're actually continuing to invest.

03:04 Frankly, the the growth of of the chain and associated ecosystem and the wallet surprised uh and and sort of like uh uh was higher than our expectations. And so now we're spending a lot of time, you know, investing in how to make that even bigger, how to support the community. We know we've been hearing from a lot of builders that, you know, we could be doing more to support the community and I think you should expect to see us really ramp that up because, you know, we want to make it the best developer ecosystem as

03:34 well as the best sort of global uh onchain community. So, um yeah, you should expect to see us ramping the investment because you just don't see growth of a new ecosystem like this. It's it's a uncommon thing. I mean, a lot of chains have launched uh over the past few months that have just had not nearly like a incomparably small uh level of traction compared to this.

04:01 So, so we're doubling down on that. >> So, let's put a few things into perspective. Number one, Robin Hood had a bad quarter. Robin Hood crypto revenue falls 55%. Yet, Robin Hood chain, their Ethereum L2, they're pushing more resources into this. This is a global company with tens of millions of funded customers, hundreds of billions of assets on their platform and he says expect their involvement in Ethereum to really ramp up.

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05:37 Link down below. Follow along with the price with me. And we have some big news for Ethereum in the crypto market. Breaking. Google is now building crypto security for banks. So Google has unveiled a new system that lets banks securely store and send Ethereum and tokenized assets with a full launch planned for early 2027. So, as more hacks continue to happen with the evolution of AI, the security continues to get stronger with the evolution of technology and AI upgrade.

06:09 Google unveils a new crypto security system for banks as compromised private keys accounted for 43.8% of crypto theft in 2024 per chain analysis. How will this work? The new multi-party compute MPC service splits wallet keys across multiple systems and checks transactions before approval, reducing the risk of a single breach exposing funds. Alphabet, the company behind Google, is already using the technology to secure assets on Ethereum and Solana while major financial institutions are testing it.

06:48 Google also plans future postquantum security upgrades with commercial rollout targeted for early 2027. It's headlines like this that make institutions feel a lot more comfortable in investing time and money into the crypto space. And big news for the biggest buyer of Bitcoin, Michael Sailor's company, Strategy, their shareholders have officially approved daily dividends for all four of their US preferred stocks.

07:17 So STRF, STRC, STRK, and STRD. There's nothing really like this, as big as this at at scale that offer daily dividends if big money wants daily income. I mean, who doesn't want a stable coin that pays 8% instead of zero? >> Who doesn't want a stable coin that pays 8%. >> Or wouldn't you rather have a money market that paid you 10 instead of four? >> Why would you hold stable coins that pay you nothing?

07:48 Michael Sailor believes this will bring massive money into his products, which in turn he will use to continue to buy Bitcoin in mass. So, think of just how far we've come in one year. because it was about one year ago today that Bitcoin price collapsed. This was around when we were really going full force with the Iran war. Bitcoin has survived the Iran war.

08:10 It has survived rate hikes. It has survived one of the biggest capex booms for AI pulling liquidity uh to something for the first time maybe in crypto's existence that was quote unquote cooler newer tech than crypto which had always been that vertical for years and years. Bitcoin and crypto survived it all for a year. And not that we're out of it yet, right?

08:35 How many how many chartists how many traders are predicting that we fall back down to the 50week moving average because that would be normal. That's something we've always retested in the start of bull runs in the start of bull runs and we may or may not test it again. But think of every single macro thing that crypto survived wars, rate hikes, AI surges, and think of how much stronger the plumbing has gotten since then.

09:04 more institutions coming in, much better regulation, much better building of the infrastructure. All that is happening. It has never been more important to tune back in and start paying attention to which cryptos are going to do well into the next year, into the next year, into 2030, and after that because not all cryptos will do well. This is the cycle of institutions and thus institutions are going to dictate where the money pours into.

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