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The Ethereum development organization Ethlabs suggests postponing the determination of the Hoodi fork date

The non-profit research organization Ethlabs stated that the EIP-8037 and EIP-8038 in the Ethereum Glamsterdam upgrade involve adjustments to Gas costs and billing mechanisms, which may affect some already deployed smart contracts. Ethlabs recommends postponing modifications to the upgrade specifications or determining the fork date for the Hoodi testnet until the results of external audits are published and the relevant impacts are clarified. The final decision will be made by the Ethereum Core Developers Meeting (ACD).The two external audits commissioned by the Ethereum Foundation from ChainSecurity and Dedaub are expected to be published before November 16. On the same day, a public Q&A will be held during the ACD testing meeting. The ACD executive meeting on November 19 is expected to discuss the audit results and may decide whether to modify the upgrade specifications.Glamsterdam aims to increase the Ethereum Gas limit per block from 60 million to 200 million. Ethlabs pointed out that adjustments to Gas costs may affect contracts and tools with hardcoded operational costs, and changes in the billing mechanism may also cause some deployed contracts to exhibit unexpected behavior. For example, after an internal call rollback, the remaining Gas returned by gasleft() may actually increase, affecting the contract's judgment on whether the call failed due to Gas exhaustion.

first_img Robinhood has launched IPO Access in the UK, allowing retail investors to subscribe to new US stocks at the offering price

Robinhood announced the launch of its IPO Access service in the UK, allowing retail investors to submit purchase requests at the official offering price before new stocks officially trade on the US market. Users can submit applications through their regular investment accounts, with the app providing the prospectus and SEC documents for each available new stock for investors to review before deciding whether to subscribe. Robinhood stated that it is collaborating with a UK public offering platform provider to offer access to eligible initial public offerings.This service was first launched in the US in 2021, and Robinhood claims to have participated in over 50 IPOs since then, opening it up to millions of US customers. Jordan Sinclair, President of Robinhood UK, stated that bringing IPO Access to the UK aims to provide the same opportunities for UK retail investors to participate in investments in the next generation of innovative public companies.This launch is a continuation of Robinhood's expansion in the UK. Last year, the company acquired the exchange Bitstamp for $200 million and opened cryptocurrency trading to eligible UK customers through Bitstamp in August of this year, supporting the buying and selling of over 50 cryptocurrencies in its main UK investment app, alongside stocks, ISAs, options, and futures. In July of this year, Robinhood launched the Robinhood Chain mainnet and provided eligible users with 24/7 trading of tokenized stock products. Robinhood stated that there are no commissions for IPO subscriptions but cautioned that participating in IPO investments carries significant risks, with stock price volatility potentially being high, especially in the early stages of listing.

Japan Bitcoin Industry Company secures $5.07 million in physical BTC funding, Robinhood's Q3 crypto revenue significantly declines

According to BBX data, the global capital markets revealed the latest developments in direct investment in Bitcoin and the performance of brokerage digital asset businesses yesterday. The core information is as follows:Japan Bitcoin Industry has completed a capital increase of 840 million yen, fully paid in physical Bitcoin: The Web3 infrastructure developer Japan Bitcoin Industry announced the implementation of a third-party share allocation capital increase, successfully issuing shares to two institutions, Fulgur LLC and ANAP Lightning Capital (ALC), raising a total of 840 million yen (approximately 5.07 million USD). Notably, this capital increase will be fully funded in physical Bitcoin, with on-chain delivery expected to be completed on November 2. At the same time, the company signed a basic agreement for cooperation in Lightning Network routing business with ALC, which will use the Bitcoin held by ALC as the underlying liquidity for the company's operational channels. The raised funds will be specifically used for the research and development of the infrastructure "aurora" (supporting enterprises to access Lightning payments via API), talent recruitment, and local routing network infrastructure.Robinhood (NASDAQ: $HOOD) Q3 crypto revenue plummets 55%, causing overall profits to fall short of expectations: American internet brokerage giant Robinhood released its third-quarter financial report. The data shows that due to a slowdown in cryptocurrency trading activity and increased operating expenses, overshadowing its strong performance in options and prediction markets, the quarterly profits fell below Wall Street expectations. In the third quarter, its cryptocurrency trading revenue decreased significantly by 55% year-on-year to 120 million USD. Although options trading revenue grew by 31% and event contract revenue surged more than sixfold, driving overall trading revenue up 19% year-on-year to 867 million USD, total operating expenses also increased by 16% year-on-year to 739 million USD. The company's earnings per share for the quarter were 0.51 USD, falling short of analysts' expectations of 0.55 USD, leading to a drop of over 7% in its stock price in after-hours trading.

first_img Robinhood CEO: Uncertainty in U.S. token regulation makes it difficult for large assets to enter the market

According to Cointelegraph, Robinhood CEO Vlad Tenev stated during the third quarter earnings call on Tuesday that there is uncertainty about whether U.S. tokenization rules can be sustained in the long term, which may hinder investors from allocating large assets into the tokenized market. He described the five-year innovation exemption granted by the SEC in September as "a very positive step," but emphasized that further rule-making or legislation is needed to bring long-term regulatory certainty.Tenev noted that the uncertainty regarding the direction of the rules after five years is likely to become an obstacle to allocating large assets to this technology when communicating with clients. Tokenized stocks have previously faced resistance from traditional issuers, with 16 companies including Microsoft, Alphabet, and Goldman Sachs opposing their stocks being listed on the proposed OKXICE platform. AMC CEO Adam Aron has also publicly criticized Robinhood's tokenized stock products.Robinhood currently offers about 200 stock tokens on the Robinhood Chain, supported by the underlying stocks, but constructed in the form of tokenized debt securities, providing only economic exposure without dividend and voting rights, thus falling outside the scope of the SEC innovation exemption that requires rights parity. Tenev stated that tokenized stocks of private companies will be launched overseas, while seeking a path that complies with accredited investor restrictions within the United States. Binance Research's baseline scenario predicts that the market size could reach $34.9 billion by 2030, with approximately $4.43 billion as of September 15.
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