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Feb 11, 2026
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LONG
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Robinhood is launching its own L2 chain (public testnet) and acquiring Bitstamp to expand in Asia. Coinbase is launching "X42," an agentic payment protocol to allow AI agents to transact. Exchanges are evolving from simple trading venues into comprehensive financial infrastructure. Robinhood is capturing the global retail market via L2s, while Coinbase is capturing the future "Machine Economy" where AI agents require bank accounts and payment rails. LONG. Both are diversifying revenue streams beyond transaction fees into infrastructure dominance. Regulatory delays in the US "Clarity Act" or failure of AI agent adoption. |
CoinDesk
Inside the Future of Digital Assets at Consen...
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Feb 11, 2026
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LONG
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Robinhood is launching a public testnet for "Robinhood Chain," an "Ethereum layer 2 built on Arbitrum." They are working with "Alchemy, LayerZero, Chainlink." * HOOD: Vertical integration allows them to capture settlement fees and offer 24/7 tokenized stock trading, differentiating from traditional brokers. * ARB: As the underlying stack, Arbitrum captures value from Robinhood's massive retail user base moving on-chain. * ETH: Serves as the settlement layer for Arbitrum, accruing security fees. * LINK / ZRO: Explicitly named as infrastructure partners; increased activity on Robinhood Chain drives usage of their protocols (Oracles/Interoperability). LONG (Infrastructure play on retail DeFi adoption). Regulatory crackdown on tokenized securities (SEC) or technical failure of the testnet. |
CNBC
Bitcoin on pace for fourth negative week in a...
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Feb 11, 2026
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LONG
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"The traditional system has just stopped evolving... you still need one full business day to do settlement... market is still not open 24/7." Robinhood aims to tokenize "public stocks and ETFs." The inefficiency of T+1 settlement and market hours creates a massive efficiency gap. Tokenization solves this. As major players (Robinhood, NYSE, NASDAQ mentioned) enter, the RWA sector moves from niche to institutional standard. LONG (Sector rotation into RWA protocols and platforms). Legislative stalling (Clarity Act mentioned as stalled) could freeze US adoption. |
CNBC
Bitcoin on pace for fourth negative week in a...
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