Tag Page Solana

#Solana
Jennifer Howard

💥 Robinhood Just Tokenized Stocks — Is This Crypto’s Trojan Horse into TradFi?

No wallets, no seed phrases, and no gas fees. Just stocks, onchain. Robinhood now offers tokenized U.S. equities — built on Arbitrum — to EU users. So… are we witnessing the start of a crypto-TradFi merger? Or another overhyped experiment? 🔍 What’s actually happening: Robinhood is launching tokenized stocks on Arbitrum (an Ethereum L2). Gemini and Kraken-backed xStocks are doing the same. These are synthetic tokens — you don’t own the actual share, but a derivative backed 1:1. 📈 Pros: 24/7 trading (TradFi markets are closed 81% of the time!) Plug-and-play for DeFi: borrow, lend, collateralize Zero need for crypto knowledge — Robinhood users get stocks, not blockchains Ethereum and Solana are poised to benefit from onchain RWAs ⚠️ Cons: No shareholder rights (no voting, no dividends — just price exposure) Regulatory grey zone: SEC could shut it down in the U.S. After-hours risk: buy high on Saturday, lose big Monday morning Liquidity is fragmented (cTSLA, sTSLA, xTSLA… chaos is brewing) History lesson: tokenized stocks flopped hard in 2021 (remember FTX and Mirror?) 💬 Why this matters: This isn’t just about trading stocks onchain. It’s about rewriting the market structure — 24/7 liquidity, programmable assets, self-custody. But here's the tension: Will tokenized stocks truly revolutionize access and efficiency — or are they just a UX band-aid for TradFi’s old wounds? 👇 What's your take? Are tokenized stocks the future of finance or just another crypto mirage? #Finance #MakeMoney #TokenizedAssets #TradFiMeetsDeFi #Robinhood #Ethereum #Solana

💥 Robinhood Just Tokenized Stocks — Is This Crypto’s Trojan Horse into TradFi?
Jennifer Howard

bit mining pivots to solana — shares surge 250% on $300m sol purchase plan

BIT Mining, a NYSE-listed crypto miner, shocked markets by announcing a strategic pivot to Solana (SOL). The company plans to raise up to $300 million to buy SOL tokens, signaling a broad shift beyond Bitcoin mining to capture new blockchain growth areas. Following the news, BIT Mining’s shares skyrocketed — premarket trading hit a peak of $11.20, over 350% above the prior close, settling near a 250% gain at $8.38 as markets opened. The Ohio-based miner revealed it will convert existing crypto holdings — including 19 BTC valued at about $2.1 million — into Solana. This move reflects a wider trend among miners looking to diversify revenue after Bitcoin’s April 2024 halving cut block rewards by 50%. BIT Mining had earlier disclosed that its mining profits from Litecoin and Dogecoin were already triple that of Bitcoin, demonstrating evolving strategies within mining firms. Another player, Bit Digital, went further by shifting its entire treasury to Ethereum for staking. This pivot marks an important inflection point: crypto miners are not just processing Bitcoin anymore, but actively repositioning to capitalize on faster, more scalable blockchain ecosystems like Solana. #Finance #MakeMoney #Solana

bit mining pivots to solana — shares surge 250% on $300m sol purchase plan