Bitcoin · Donald Trump · Coinbase · CoinDesk
Live markets: Bitcoin shrugs off early decline, but two-month winning streak is in jeopardy
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Shares of Robinhood (HOOD) climbed another 10% on Friday, extending a rally that has pushed the stock up more than 20% over the past two trading sessions as investors reacted to a string of developments tied to the company's crypto, AI and retail investing initiatives.
Key facts
- Shares of Robinhood (HOOD) climbed another 10% on Friday, extending a rally that has pushed the stock up more than 20% over the past two trading sessions as investors reacted to a string
- On Wednesday, Robinhood unveiled Agentic Trading and an Agentic Credit Card, products that allow customers to connect third-party AI agents to their accounts to automate investing and spending
- CFTC Chairman Mike Selig called the decisions a "major step forward" for policies aimed at supporting the U.S. crypto sector
- Part of the momentum came from regulatory news earlier Friday after the U.S. Commodity Futures Trading Commission (CFTC) approved bitcoin (BTC) perpetual futures contracts on a regulated exchange
Summary
Part of the momentum came from regulatory news earlier Friday after the U.S. Commodity Futures Trading Commission (CFTC) approved bitcoin (BTC) perpetual futures contracts on a regulated exchange operated by Kalshi, marking the first domestically regulated perpetual futures product in the U.S. The agency also cleared a path for a Coinbase (COIN) affiliate to connect customers to global options and perpetual futures markets. Investors were also digesting several company-specific announcements made this week. And on Thursday, the Trump Accounts app launched ahead of a broader rollout scheduled for July.