Search results for Vlad Tenev
Crypto
Robinhood Chain memecoin investors post 63% losses, CashCat down 75%
More than 6 out of 10 investors in top memecoins traded on Robinhood Chain have posted losses, an analysis found. Bubblemaps said only 37% of 164,538 traders in the chain’s 50 most-traded tokens were profitable, while 63% were in the red. Trading surged after a 90-day gas-fee subsidy and a CashCat boom, but CashCat has fallen about 75% from its July 11 peak.
AI & Enterprise
Robinhood CEO says crypto future depends on tokenising real-world assets
Robinhood CEO Vlad Tenev said growth in the cryptocurrency industry depends on putting real-world assets on-chain. In a CNBC interview, he said the future of crypto lies in real-world assets and that assets not tied to underlying utility are not productive. Robinhood launched its Stock Token service, letting eligible users trade tokenised stocks 24 hours a day, and plans to use them as collateral across DeFi.
Crypto
Robinhood invests $35 million in Stripe and AI audio startup ElevenLabs
Robinhood\'s venture fund will invest about $35 million in fintech company Stripe and AI audio startup ElevenLabs, The Block reported on March 17 local time. Robinhood bought $14.6 million of Stripe Class B common stock and purchased $20 million of ElevenLabs Series D preferred shares. It also invests in other private companies including Revolut, Airwallex, Boom, Databricks and Ramp.
