Morning Minute: Robinhood Adds Perps, Weekend Stocks, and AI Traders

Morning Minute is a day by day publication written by Tyler Warner. The evaluation and opinions expressed are his personal and don’t essentially replicate these of Decrypt. And check out our daily news show ‘FOMO HOUR’ masking the entire high tales and market motion.

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At present’s high information:

Crypto majors chop forward of financial knowledge; BTC at $83.9k
Robinhood makes slew of bulletins at Summit, together with perps, weekend inventory buying and selling, agentic buying and selling, social app and extra
CBOE may go on tokenized choices contracts
Blockchain dot com focusing on $500M IPO; Kalshi elevating once more at $40B
Pump leads onchain protocols in income once more with $2.26M

BitcoinBTC · USD

$83,568−1.14%

Sep 23Sep 25Sep 27Sep 28Sep 30

$85.3k$84.4k$83.5k$82.7k

24h ExcessiveExcessive$85,463

24h LowLow$82,911

VolVol$1.5B

Market projectionsOdds by Myriad

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🏗️ Robinhood Makes a Slew of Bulletins at HOOD Summit

Robinhood used its Houston summit Tuesday evening to announce extra new merchandise directly than it has in years. Crypto perpetual futures. Weekend inventory buying and selling. AI brokers that place trades. Contracts on firm earnings. Longer choices hours and extra intraday margin. All of it aimed toward one group: lively merchants.

Perps come to U.S. clients. Bitcoin and ether contracts will provide as much as 10x leverage, with different belongings beginning at 3x, by means of Robinhood Derivatives and Bitstamp (not Lighter). Robinhood’s head of U.S. futures merchandise stated merchants need leverage, however the firm selected to begin safer on smaller cash.
Weekend inventory buying and selling. Robinhood launched round the clock buying and selling in 2023, nevertheless it nonetheless stopped on weekends. Now a collection of shares and ETFs will commerce 24-7 and Saturday and Sunday by means of another venue referred to as Bruce ATS. That closes the final hole between shares and crypto.
AI brokers that commerce for you. Customers can create an agent contained in the app, decide a mannequin from OpenAI or Anthropic, and provides it its personal buying and selling account to analysis markets and place trades. A characteristic referred to as Loops lets customers set standing directions so the agent acts by itself when circumstances are met. Greater than 150,000 agent accounts exist already from when Robinhood opened its techniques to exterior AI earlier this 12 months.
Earnings contracts. By way of Cboe, customers will be capable to commerce on whether or not an organization hits a particular quantity—income, earnings per share, or in Apple’s case, iPhone gross sales.
Social buying and selling app. Robinhood introduced its Robinhood Social app is now reside inside their most important app, throwing its hat within the ring alongside Fomo and Pump within the hottest new area of interest in onchain buying and selling.

Robinhood’s product VP described the vacation spot as one account the place you promote shares, purchase crypto, promote crypto, and commerce prediction markets with out occupied with which one you’re in. It’s the definition of the “every part app.”

Now we’ll see which one among these merchandise turns into Robinhood’s breakout…

🌎 Macro Crypto and Markets

Crypto majors are principally flat; BTC -0.4% at $83.9k; ETH -1% at $2,700; SOL even at $120; HYPE -2% at $86.60; ZEC +1% at $1,427
Prime alt movers embrace QNT (+23%), ZRO (+10%), NEAR (+9%) and PUMP (+4%).
Oil -1% at $91; Gold +0.75% at $4,211
Inventory futures are barely pink forward of key financial knowledge; DOW -0.15%, Nasdaq -0.3%
Bitcoin is up 7.33% in September, narrowly ahead of 2024’s 7.29% for the best September on record; it wants to shut above roughly $83,600 to carry the title
Cboe and S&P Dow Jones prolonged their S&P 500 choices deal by means of 2051 and said they may work on tokenized options contracts
Blockchain.com is focusing on a $500 million IPO this 12 months at a valuation of up to $6 billion, after submitting confidentially with the SEC earlier within the 12 months
Aztec introduced again zk.cash to Ethereum, a wallet that hides payment amounts, balances, and recipients utilizing readable names like bob.zk.cash
Zcash builders began shifting Tachyon code into the software behind its faster private payments, tying the November improve to its bigger scaling plan
HSBC named its Hong Kong greenback stablecoin RedCoin, with a launch planned before year-end by means of its PayMe app and cell financial institution; begins with person-to-person and service provider funds, then expands to company use
The Bitget attacker moved about $3.9 million of stolen Zcash into the coin’s non-public pool Wednesday morning, the place senders, recipients, and quantities are hidden

Company Treasuries & ETFs

The Bitcoin ETFs saw $66M in net inflows on Tuesday; the ETH ETFs noticed $3M in outflows and Solana had $5M in inflows
Bitwise launched the primary U.S. spot NEAR ETF, trading on NYSE Arca under NRR with a 0.75% payment, waived on the primary $500 million for 3 months. The fund stakes its tokens and retains a couple of third of the rewards.

Meme Coin Tracker

Meme leaders were barely inexperienced; DOGE even, SHIB even, PEPE +2%, PENGU +6%, TRUMP +2%, SPX +3%, BONK +10%
Robinhood chain leaders had been principally pink after no meme mentions at RH Summit day 1; Pons +6% to $384M; AI -11% at $186M; Cashcat -2% at $172M; Hookr +43% and VRAX +300x had been high movers
Solana high movers had been led by SI +100%, Arthur +40x and Stonk +20%; Ansem -10% to $140M

💰 Token, Airdrop & Protocol Tracker

🚚 What is occurring in NFTs?

NFT leaders had been blended; Punks -1% at 33.49 ETH, BAYC -1% at 6.14 ETH, Pudgy +3% at 3.29 ETH
Cashcats (+43%) and Milady (+12%) led high movers