TREE NEWS reports: Robinhood (HOOD) rose 19.7% for the week and Strategy (MSTR) gained 14.3% as bitcoin climbed to $81,379 intraday, a four-month high, after Fed Governor Waller said he would hold rates steady if inflation pressure eases. Robinhood Chain recorded $390M in single-day real-world asset token volume on Sept. 2, including $127M in tokenized stocks, with $3.75M in 24-hour user fees. Broadcom fell 3.1% despite AI semiconductor revenue of $16.7B, up 221% year over year.
Robinhood Jumps 19.7% as Bitcoin Hits $81,379; Broadcom Falls 3.1%
The striking detail is not the bitcoin high but where the volume is going: Robinhood Chain's single-day RWA token activity, with tokenized stocks forming a large share, suggests crypto equity exposure is migrating onto purpose-built rails rather than staying purely speculative. That matters for exchanges, brokers and tokenization platforms competing for the same order flow. The open question is whether this activity is episodic, tied to a rate-sensitive rally, or the start of durable on-chain equity trading — and whether fee generation at this scale can persist.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.