Market Analysis Report (01 Jul 2025)
2025-07-01 13:17:27
Main Idea
Circle Internet Group aims to become a U.S. national trust bank, while Robinhood plans to launch tokenized U.S. stocks in Europe and build its own blockchain network. Additionally, Trump-backed American Bitcoin Corp has raised $220 million to expand its BTC holdings.
Key Points
1. Circle Internet Group, behind the $60 billion USDC stablecoin, is seeking to become a U.S. national trust bank.
2. Robinhood will launch tokenized U.S. stocks and ETFs in Europe on Arbitrum and is building its own blockchain for 24/7 trading and self-custody.
3. Robinhood acquired Bitstamp for $200 million to offer perpetual futures trading for European users and is rolling out crypto staking for assets like Ethereum in the U.S.
4. American Bitcoin Corp, backed by Eric Trump and Donald Trump Jr., raised $220 million, including $10 million in crypto, to expand its BTC holdings.
5. Circle's shares surged fivefold post-IPO, and it is working with the OCC to charter a new institution called First National Digital.
Description
Robinhood to Launch Tokenized U.S. Stocks in Europe, Build Its Own Blockchain | Circle Seeks U.S. National Bank Charter After Soaring Post-IPO Share Gains | Trump-Backed American Bitcoin Raises $220M to Expand BTC Holdings