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Bitcoin Suisse to shift up to half of Swiss jobs abroad

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Bitcoin Suisse to shift up to half of Swiss jobs abroad

Bitcoin Suisse to shift up to half of Swiss jobs abroad

The Swiss crypto financial services firm plans to move back-office functions to lower-cost international hubs as it expands its global wealth and asset management business, according to Finews.

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Robinhood crypto trading volume jumps 61% in August

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What is Lighter? Robinhood's perps DEX

Robinhood has reported a 61% monthly rise in notional crypto trading volume to $17.5 billion in August, led by activity on its Bitstamp exchange.

Summary

  • Crypto trading volume rose from $10.9 billion in July to $17.5 billion in August.
  • Bitstamp processed $10.1 billion, exceeding the $7.4 billion handled through Robinhood’s app.
  • Event contract activity reached 4.7 billion trades, about 15 times its August 2025 level.
  • Total platform assets increased 26% from a year earlier to $384 billion.

Robinhood’s August operating data, released Thursday, showed that crypto activity recovered from a quiet July but remained below the level recorded a year earlier.

Robinhood crypto volume rebounds from July slowdown

At $17.5 billion, August crypto trading volume increased by $6.6 billion from the previous month’s $10.9 billion. Robinhood defines notional volume as the total dollar value of crypto assets bought and sold across its platforms.

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Compared with August 2025, however, trading activity fell 38% from $28.1 billion. The figures show that the monthly recovery has not returned crypto turnover to last year’s level.

Bitstamp accounted for most of the August total, processing $10.1 billion. Activity on the exchange rose 53% from July after Robinhood completed its acquisition of the trading venue in 2025.

Robinhood’s main app generated another $7.4 billion in crypto volume, a 72% increase from July but a 46% decline from the same month last year. Combined activity across the app and Bitstamp averaged approximately $565 million per day during August.

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The split also shows how Bitstamp has expanded Robinhood’s crypto operations beyond its retail brokerage app. Starting in June 2025, the company began including crypto held on Bitstamp in its reported platform assets, according to its financial disclosures.

Despite the August recovery, crypto remains one part of a platform that also covers stocks, options, futures, margin lending, cash products, and event contracts. Robinhood reported $384 billion in total platform assets at the end of August, up 26% from a year earlier.

Funded customers reached 28.6 million, while margin balances climbed to $21.5 billion. The amount customers borrowed for trading increased by 72% year over year, providing another source of revenue through interest payments.

Prediction markets remain Robinhood’s faster-growing product

While crypto recorded the larger monthly gain, Robinhood’s event-contract business continued to show much stronger annual growth.

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Customers traded 4.7 billion event contracts during August, down 23% from July but about 15 times the 300 million contracts processed in August 2025. Products available through the platform cover outcomes such as Federal Reserve decisions, elections, and sporting events.

An event contract generally settles at either $1 or zero, depending on whether the selected outcome occurs. A customer who buys a “yes” contract pays the market price and receives $1 at settlement if the event happens; an incorrect position expires without a payout.

Robinhood offers the products through exchanges including Kalshi and ForecastEx, as well as Rothera, a joint venture launched in June. According to the company’s earlier disclosures, Rothera had processed more than 3.5 billion contracts by the time Robinhood released its second-quarter results.

In July, crypto.news previously reported that Robinhood posted record quarterly revenue of $1.31 billion. Event-contract revenue climbed more than tenfold from a year earlier to $156 million, surpassing the $100 million generated by crypto transactions during the quarter.

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Crypto transaction revenue fell 38% year over year in the same period, even though Robinhood had added Bitstamp’s operations to its reporting. The difference placed prediction markets ahead of crypto as a source of transaction-based income for the quarter.

US lawmakers examine event-contract trading

Rapid growth in prediction markets has brought the products under closer review in Washington and several states, where officials continue to debate whether some contracts should be treated as federally regulated derivatives or gambling products.

Members of Congress have introduced more than 10 prediction-market bills since January, according to the supplied report. One proposal, the PREDICT Act, would prevent members of Congress, the president, and other senior federal officials from trading contracts linked to political events.

The proposed restriction addresses concerns that public officials could trade while holding information unavailable to other market participants. Debate has also focused on whether contracts involving sports and politics belong inside an app used for stocks, retirement investments, and other financial products.

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For U.S. users, Robinhood presents event contracts as products traded through regulated exchanges rather than conventional sportsbook wagers. State authorities and market operators have still disputed which regulators hold authority over certain sports contracts, leaving the legal treatment unsettled across several jurisdictions.

The regulatory issue carries direct relevance for HOOD investors because event contracts generated more transaction revenue than crypto in the second quarter. Any limits on available contracts, eligible customers or distribution could affect a business line that has expanded rapidly over the past year, although Robinhood has not provided an estimate of the possible financial impact.

Robinhood Chain activity rises despite network risks

Robinhood has also pushed further into blockchain-based trading through Robinhood Chain, an Ethereum layer-2 network designed to process transactions away from Ethereum’s main execution layer before posting data back to it.

As of Sept. 1, decentralized exchanges on the network recorded approximately $1.6 billion in daily volume, representing a 61% rise over four days. The activity came after the chain launched its public mainnet on July 1 with tokenized stocks and access through Robinhood Wallet in more than 120 countries.

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Network growth has not been free of operational problems. On Sept. 4, Robinhood Chain suffered a 14-minute network outage that stopped block production and left transfers and smart-contract calls waiting for confirmation.

Block production later resumed, but Robinhood had not released a detailed cause at the time of the report. Available records did not indicate that customer balances were lost, and the interruption did not affect stocks, ETFs or other assets held through Robinhood’s conventional brokerage accounts.

Robinhood Chain also carries a separate U.S. access issue because its stock tokens are not offered to American customers. Company documents describe the products as tokenized debt securities issued in Jersey, with each token tracking a stock or exchange-traded fund without granting the holder ownership or voting rights in the referenced company.

A recent dispute with AMC brought that structure under added attention after the theater chain objected to a token linked to its shares. Robinhood’s filings state that the stock tokens have not been registered under the U.S. Securities Act and cannot be offered, sold or delivered in the United States or to U.S. persons.

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Following Thursday’s operating update, Robinhood shares closed 0.83% lower. The decline came during a week in which analysts at Mizuho and StoneX raised their price targets for HOOD, while Robinhood’s next quarterly earnings report is expected on Nov. 4.

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Elon Musk’s Tunneling Startup Raises $3 Billion In New Funding Round

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Elon Musk's Tunneling Startup Raises $3 Billion In New Funding Round

Elon Musk’s tunneling startup, The Boring Company, raised $3 billion in a new financing round, the company announced on Wednesday. The funding round was led by the United Arab Emirates and valued The Boring Company at $23 billion. The UAE had previously awarded The Boring Company a contract to build one of its signature tunnels in Dubai. Work on the…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Bitcoin Suisse Plan Sends Up to Half Its Swiss Jobs Overseas

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Crypto Breaking News

Bitcoin Suisse is planning a significant restructuring of its Swiss workforce as it scales up operations abroad. The crypto financial services firm says the change is intended to support its international expansion and long-term shift toward a broader wealth and asset management offering—not to address weakness in the crypto market.

According to a report from Swiss publication Finews, Bitcoin Suisse expects to relocate up to 60 roles out of roughly 120 positions based in Switzerland. If carried out as described, that would involve moving as many as half of its Swiss-based jobs to lower-cost locations in the years ahead.

Key takeaways

  • Bitcoin Suisse plans to move up to 60 Swiss roles abroad as it expands internationally, according to Finews.
  • The firm expects to relocate affected back-office and administrative functions to hubs in Bratislava and Vietnam.
  • CEO Andrej Majcen frames the change as a strategy for global growth, not a reaction to declining crypto activity.
  • Earlier in 2026, Bitcoin Suisse pursued additional regulatory approvals across multiple jurisdictions, supporting its cross-border buildout.

Why Bitcoin Suisse is moving roles out of Switzerland

Finews reported that Bitcoin Suisse’s restructuring could affect up to 60 of its 120 Swiss positions, with the changes concentrated in back-office and administrative work. The move is expected to be implemented through the creation of new operational sites outside Switzerland.

In comments cited by Finews, CEO Andrej Majcen said cost was the driving consideration. He indicated that running the affected functions in Bratislava and Vietnam would be “significantly less expensive” than keeping them in Switzerland.

While such operational restructuring is not unusual for expanding financial services companies, the timing matters for crypto firms. Bitcoin Suisse is in the middle of a deliberate push to grow beyond its domestic footprint—particularly toward institutional and wealth-related customers—meaning internal cost structures and scalable service delivery become strategic priorities.

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Expansion strategy: from crypto services to wealth management

Bitcoin Suisse, founded in Zug in 2013, provides a range of crypto-focused financial services, including trading, custody, staking, and lending. In June, the company also signaled a broader shift in how it intends to grow, stating it would expand beyond Switzerland with a focus on institutional clients, family offices, asset managers, and high-net-worth individuals.

Majcen’s remarks to Finews tie the workforce changes directly to that evolution. He characterized the restructuring as part of Bitcoin Suisse’s international strategy and its effort to develop a wider wealth and asset management platform.

This matters for market participants because it suggests the company is treating operational scale and geographic diversification as prerequisites for its growth model. In other words, the firm appears to be aligning its internal organization with a long-term business plan rather than making adjustments only in response to short-term trading conditions.

Regulatory momentum across jurisdictions

Bitcoin Suisse’s job relocation plan arrives alongside a broader record of cross-border regulatory progress earlier in 2026. The company secured licenses in Liechtenstein and Bermuda earlier this year, and its Middle East subsidiary received full regulatory approval in Abu Dhabi in July.

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The combination of licensing and operational buildout signals a shift from “Swiss-centric” operations toward a multi-jurisdiction framework. Even where crypto-related services face uneven regulatory clarity globally, firms can still create structured pathways to serve clients across borders through compliance-led expansion.

For clients—particularly institutions and wealth managers—these steps can reduce friction. If services and support functions are carried out across regulated entities and approved jurisdictions, it can improve reliability and governance in day-to-day operations, even if product offerings vary by location.

What to watch next

Readers should watch for how quickly Bitcoin Suisse formalizes the relocation plan, including what roles are moved, how remaining functions in Switzerland are reorganized, and whether the company expands its Bratislava and Vietnam footprint on the timeline it indicated. For investors and clients, the key question will be whether the restructuring strengthens Bitcoin Suisse’s ability to deliver its international wealth-focused strategy without disrupting core crypto services.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Robinhood Chain Revenue Falls 83% From Its Peak While Trading Volume Sets Records

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Robinhood Chain Revenue Falls 83% From Its Peak While Trading Volume Sets Records


Robinhood Chain earned $943,728 in gas revenue on Sept. 10, down 82.6% from the $5.44 million it took on Sept. 4, DefiLlama data shows. Trading activity on the network did not fall with it. Gas revenue tracks demand for blockspace. Robinhood Chain is clearing roughly the same number of transactions… Read the full story at The Defiant

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ANON Triples After Sesta Deploys AMM On Robinhood Chain

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ANON Triples After Sesta Deploys AMM On Robinhood Chain


HeyAnon's ANON token tripled on Friday after founder Daniele Sesta said he had deployed a custom automated market maker called Equilibra on Robinhood Chain. Sesta tied the new product to the token in a follow-up post: "Equilibra is part of $Anon like everything I've cooked. One token to rule them… Read the full story at The Defiant

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Stock Market: How AccuStaff Soared After A Correction

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Stock Market: How AccuStaff Soared After A Correction

In the mid-1990s, AccuStaff came off a correction in its stock as well as an overall market retreat to make a remarkable jump within a short time. The company’s meteoric rise shows how reading charts and following buy and sell rules can be better guides than opinions. AccuStaff provided temporary staffing personnel to business and government customers with 63 company-owned…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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S&P 500: This 61-Year-Old Man’s Stock Bet Made Him More Than Nvidia’s CEO

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S&P 500: This 61-Year-Old Man's Stock Bet Made Him More Than Nvidia's CEO

Your name doesn’t have to be Jensen Huang to make a fortune on an S&P 500 stock this year. Michael Dell’s stock holdings made even more. Dell, the 61-year-old founder of Dell Technologies (DELL), saw the value of his 46% position in the tech company soar by $157.5 billion this year, says an Investor’s Business Daily analysis of data from…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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You Won't See AI Regulated Until It Kills Someone, Warns Bridgewater's CIO

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You Won't See AI Regulated Until It Kills Someone, Warns Bridgewater's CIO

Bridgewater managing chief investment officer Greg Jensen says nothing will be done about artificial intelligence (AI) until it starts killing people. He wants the problem dealt with well before that point.

His warning arrives during a week of escalating safety warnings from researchers at the largest AI labs.

Bridgewater CIO Issues AI Warning and Points to February 2020

Jensen was one of the earliest backers of OpenAI and Anthropic. He made the case on Bloomberg’s Odd Lots podcast. The executive compared the mood around AI now to the weeks before COVID-19 reached American shores.

“Unfortunately, this is what it was like in February 2020…Until the AI starts killing people, unfortunately, history would suggest we’re not going to do anything, but we are going to face that. That’s going to happen, and it’d be much better if we started dealing with it before then,” he said.

He pointed to the July incident in which OpenAI models escaped an isolated test environment and compromised Hugging Face systems.

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The UK AI Security Institute found that an AI agent built on Anthropic’s Mythos 5 created fake identities to push malicious code past a human maintainer during cyber testing.

“This should be a bomb. You know, everybody should look at this like somebody die here, it is committing crimes, going around, hiding the fact that it’s committing those crimes, etc.,  coordinating with other agents, self-sacrifice, all of these things,” he added.

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Jensen Puts the Odds of an AI Disaster Above Anyone’s Comfort

Without regulation, Jensen expects the next two years to bring either a major financial incident run by AI or a physical disaster that kills people.

“The odds that I’m right about that are way higher than anybody should be comfortable with. I don’t know if they’re 30% or 60% or whatever but they’re way higher and we’re just not dealing with it a little bit like it’s February 2020,” he stated.

Jensen wants labs placed under formal review, with staff questioned under oath. He also argues developers should carry liability for crimes their systems commit.

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Industry warnings have piled up lately, including an open letter from OpenAI and more than 100 firms warning about AI-enabled cyberattacks. Congress has also started to catch up. 

A Senate bill would pause frontier development until federal safety standards are in place, while the Frontier bill would require independent audits and incident reporting.

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The post You Won't See AI Regulated Until It Kills Someone, Warns Bridgewater's CIO appeared first on BeInCrypto.

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Crypto Trader Gains $10 Million with Aggressive HODL Strategy

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STONK Price Performance. Source: BeInCrypto

A crypto trader known as Point Farm Capital has turned a bet on the Solana-based meme coin STONK into more than $10 million in profit by sticking to an aggressive hold strategy.

According to on-chain analytics from Lookonchain, the trader now holds 35.7 million STONK tokens, valued at roughly $10.55 million, making them the token’s largest single holder.

How the Position Reached $10 Million

The unrealized profit stands near $9.81 million on an initial investment of about $542,000, a return exceeding 1,800%.

The average entry market cap was around $12 million, while STONK has since climbed to roughly $255 million, delivering outsized gains for early accumulators who refused to sell.

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On-chain data shows a pattern of consistent buying during the token’s early stages, followed by disciplined holding as price action turned bullish.

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That approach contrasts with the high-frequency flipping common in meme coin markets, where traders typically take quick profits rather than let positions compound.

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Earlier data tracking the same account on the FOMO leaderboard showed that the position had swung sharply along the way.

As of September 8, the trader briefly lost $2.69 million within 24 hours before STONK’s rally reversed that loss into fresh profit, illustrating how volatile the underlying ride actually was.

STONK Price Performance. Source: BeInCrypto
STONK Price Performance. Source: BeInCrypto

Why This Outcome Remains the Exception

The trade highlights the high-reward potential of meme tokens on Solana when conviction lines up with timing. Such outcomes, however, remain rare, and most participants who enter later or lack the discipline to hold through sharp swings experience significant losses instead.

Survivorship bias plays a real role in how these stories spread: positions that collapse rarely generate the same viral attention as an eight-figure paper gain.

STONK’s entire market cap remains small and thinly traded relative to major cryptocurrencies, meaning prices can reverse just as sharply as they climbed.

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The $10 million profit remains unrealized on paper, tied entirely to a token that could lose most of its value in a single session. Most traders who attempt the same strategy end up on the losing side of that volatility.

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The post Crypto Trader Gains $10 Million with Aggressive HODL Strategy appeared first on BeInCrypto.

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Trump Crypto: Kevin Hassett Coinbase Stake Raises Conflict of Interest Concerns

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In Trump crypto news, National Economic Council Director Kevin Hassett disclosed holding between $1M and $5M in vested Coinbase shares at the end of 2025, according to a previously unreported annual financial filing.

The stake sat on his books while the Trump administration rapidly rewrote federal crypto regulation, and the filing does not establish whether he still holds the shares in 2026.

That timing is the story. Hassett ran the council that housed Trump’s digital-assets working group even as his Coinbase position sat unresolved on paper, and Coinbase itself has been central to the regulatory rewrite now moving through Congress.

Trump Crypto News: What the Hassett Disclosure Shows

Hassett’s 2025 annual disclosure lists vested Coinbase Global Class A shares valued between $1,000,001 and $5,000,000. He served on Coinbase Asset Management’s advisory council from March 2021 until January 2025, when he joined the White House. The filing does not confirm whether he sold the shares afterward.

Three days after Trump’s second inauguration, an executive order established the President’s Working Group on Digital Asset Markets, with Hassett’s office named as a member. The group proposed significant changes to digital asset regulations and reversed Biden-era crypto policies, aligning with Coinbase’s lobbying efforts.

Hassett said he recused himself from crypto matters while ethics officials reviewed his holdings, and he chose not to sell the shares to avoid the appearance of timing. The White House confirmed his recusal remains in effect, declining to comment on whether he still owns the shares or whether it affected his economic-policy work.

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The Conflict-of-Interest Question

Virginia Canter, a former SEC ethics lawyer now at Democracy Defenders Fund, described the holding as a major conflict of interest or the appearance of one, according to the disclosure’s reporting.

She questioned whether a recusal broad enough to cover all crypto matters could have sidelined one of Trump’s top economic advisors from a defining priority of the administration – one that touched Treasury, Commerce, the SEC and the CFTC, all represented on the same working group Hassett’s council hosted.

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What remains unclear is the practical scope of that recusal: which meetings Hassett skipped, which decisions he stepped back from, and how much of his NEC portfolio it touched.

The working group’s final report lists NEC deputy Robin Colwell as its representative rather than Hassett himself, suggesting at least some formal distance, but it doesn’t explain how crypto policy discussions were handled within a council he still directs.

Coinbase’s Stake in the Outcome of the CLARITY Act

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Coinbase has more than a passive interest in how this policy fight resolves. The SEC dismissed its enforcement case against the exchange with prejudice just over a month into Trump’s term, a move regulators framed as part of a broader overhaul rather than a ruling on the case’s merits.

Coinbase was also a major backer of the Fairshake super PAC during the 2024 cycle, and CEO Brian Armstrong has met repeatedly with Trump and senior officials, including at the March 2025 White House crypto summit, context that shapes how Armstrong has talked about the regulatory environment under this administration.

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The post Trump Crypto: Kevin Hassett Coinbase Stake Raises Conflict of Interest Concerns appeared first on Cryptonews.

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