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74 Greed

Robinhood AI Agents, 10x Perps and Crypto Market Update

Original title: Robinhood's 2 AM AI Agent and 10x Crypto Perps Go Live

Coin Brief Daily News 10:41 0 views on YouTube LIT −0.3% BTC +0.1% USDT −0.0%
Thumbnail for Robinhood's 2 AM AI Agent and 10x Crypto Perps Go Live 10:41

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Summary

Robinhood is expanding into automated trading and crypto derivatives. Its new Robinhood Agents let customers build AI traders inside the app, with trade approvals defaulting to on. The brokerage is also rolling out crypto perpetuals through Robinhood Derivatives and Bitstamp with up to 10x leverage, along with weekend stock trading. Bitcoin was trading at $83,115 and remained 34% below its all-time high. The LIT token from Lighter fell 22% over seven days as the perps plan landed. Regulators were active. Illinois released draft rules for a 0.2% digital asset transaction tax, covering stablecoins, DeFi platforms, crypto bridges and self-custody transfers. The SEC sued Cryptoaiml and TSAI over alleged $15 million AI trading scams, claiming investors were shown fictitious profits. In DeFi, Abracadabra proposed winding down its MIM stablecoin at four cents on the dollar, citing about $900,000 of recoverable backing against $21 million in bad debt. Binance Pay now allows visitors to spend USDT at most PayPay merchants in Japan, while stores receive yen. Hut 8 locked in a $1 billion credit line.

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Key points

  1. Robinhood Agents let customers build AI traders inside the app, with trade approvals defaulting to on.
  2. Robinhood is rolling out crypto perpetuals through Robinhood Derivatives and Bitstamp with up to 10x leverage.
  3. Bitcoin was trading at $83,115, down 34% from its all-time high.
  4. Illinois released draft rules for a 0.2% digital asset transaction tax covering stablecoins, DeFi platforms, crypto bridges and self-custody transfers.
  5. The SEC sued Cryptoaiml and TSAI over alleged $15 million AI trading scams, claiming investors were shown fictitious profits.
  6. Abracadabra proposed winding down MIM at four cents on the dollar, with about $900,000 of recoverable backing against $21 million in bad debt.

Chapters

Chapters come from the timestamps in the video description.

Questions

What is Robinhood launching?
Robinhood is launching Robinhood Agents, crypto perpetuals with up to 10x leverage through Robinhood Derivatives and Bitstamp, and weekend stock trading.
What tax rate did Illinois propose?
Illinois released draft rules for a 0.2% digital asset transaction tax.
What did the SEC allege against Cryptoaiml and TSAI?
The SEC sued Cryptoaiml and TSAI over alleged $15 million AI trading scams, claiming investors were shown fictitious profits.

Related briefs

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