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FTX finalizes settlement with Emergent over $600M Robinhood shares claim

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FTX, the cryptocurrency exchange, has finalized a major deal to acquire more than $600 million worth of shares in Robinhood Markets Inc. This substantial transaction marks a significant expansion of FTX’s investment portfolio and highlights its growing influence in the financial sector.

The agreement involves FTX purchasing a large block of Robinhood shares, which represents a strategic move to increase its stake in the popular trading platform. The deal reflects FTX’s continued efforts to diversify its investments and strengthen its position within the broader financial markets.

The acquisition comes as Robinhood continues to be a prominent player in the trading industry, offering retail investors access to various financial products, including stocks and cryptocurrencies. By acquiring a substantial shareholding in Robinhood, FTX aims to leverage the platform’s user base and financial technology.

FTX CEO Sam Bankman-Fried expressed enthusiasm about the deal, stating, “We are excited to expand our investment in Robinhood. This acquisition aligns with our strategy to invest in innovative financial platforms and enhance our footprint in the financial industry. We believe that Robinhood’s growth trajectory and market presence make it a valuable addition to our portfolio.”

Robinhood has been a focal point in the trading community, particularly for its role in democratizing access to financial markets and its integration of cryptocurrency trading. The acquisition by FTX is expected to provide additional opportunities for collaboration between the two companies and may influence future developments in their respective business strategies.

The transaction is subject to regulatory approvals and other customary closing conditions. Once completed, it will solidify FTX’s position as a significant stakeholder in Robinhood, potentially impacting the strategic direction of both companies.

Industry analysts view the deal as a strategic move by FTX to enhance its investment strategy and capitalize on the growth of retail trading platforms. The acquisition reflects a broader trend of cryptocurrency firms investing in traditional financial services and technology companies.

As the financial landscape continues to evolve, the partnership between FTX and Robinhood could lead to new opportunities for innovation and collaboration within the industry. The outcome of the transaction will be closely monitored by investors and market participants.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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