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Robinhood (HOOD) Stock Drops to 2026 Low Despite $1.5B Share Buyback Authorization

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HOOD Stock Card

Key Highlights

  • The board of directors greenlit a $1.5 billion share repurchase initiative, injecting $1.1 billion in fresh buyback authority into the existing program
  • The share repurchase initiative is scheduled to span three years beginning in the first quarter of 2026
  • Shares of HOOD declined 4.7% on Tuesday, closing at $69.08—the lowest level recorded in 2026
  • The company’s brokerage arm secured an enhanced revolving credit line with JPMorgan, increasing it to $3.25 billion from $2.65 billion
  • Year-to-date, HOOD has dropped approximately 39%, representing a 54.7% decline from its October peak of $152.46

Robinhood (HOOD) has greenlit a $1.5 billion share repurchase initiative even as its stock price continues its downward trajectory, reaching its weakest closing price of 2026 on the day of the announcement.


HOOD Stock Card
Robinhood Markets, Inc., HOOD

According to an 8-K filing submitted to the U.S. Securities and Exchange Commission, the board of directors authorized the repurchase program on Tuesday, March 24. The initiative introduces over $1.1 billion in additional buyback authorization, supplementing the remaining capacity from a prior program.

The financial services platform anticipates executing the share repurchases across approximately three years, commencing in the first quarter of 2026. The company maintains flexibility with no obligation to repurchase a predetermined amount.

Robinhood Chief Financial Officer Shiv Verma described the firm as “a generational company with a massive long-term opportunity,” stating that the authorization demonstrates the board’s belief in the company’s capacity to “continue delivering innovative products for customers and creating value for shareholders.”

Shares closed Tuesday’s trading session at $69.08, representing a 4.7% decline for the day. This marked HOOD’s weakest closing price in 2026. In extended trading, shares recovered slightly to $70.90.

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Significant Retreat from October Peak

The stock has plummeted nearly 39% since the beginning of 2026 and has tumbled 54.7% from its record high of $152.46 reached in October. Macroeconomic headwinds and geopolitical uncertainty have pressured technology stocks and cryptocurrency-related equities alike.

Despite the challenging 2026 performance, HOOD remains approximately 43% higher compared to twelve months ago, buoyed by the platform’s strategic expansion into prediction markets, banking services, and cryptocurrency trading capabilities.

According to analyst sentiment tracker TipRanks, the average 12-month price target for HOOD stands at $123.85. Based on assessments from 16 Wall Street analysts, the consensus recommendation is classified as “strong buy.”

Share buyback programs are generally interpreted as management’s indication that the stock is trading below its intrinsic value—though investors appeared unimpressed by Tuesday’s announcement, as reflected in the day’s price action.

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Enhanced Credit Line Provides Additional Financial Flexibility

In conjunction with the repurchase program disclosure, Robinhood Securities—the company’s registered brokerage entity—finalized an amended revolving credit arrangement with JPMorgan Chase as the lead arranger.

The credit facility was increased to $3.25 billion from its previous $2.65 billion limit. Additionally, the agreement includes provisions to potentially expand total commitments to as much as $4.875 billion, providing substantial liquidity flexibility.

Meanwhile, Robinhood continues advancing its cryptocurrency and tokenization strategy. The company released its Ethereum layer-2 blockchain network, Robinhood Chain, to public testnet in February.

Chief Executive Officer Vlad Tenev reported that the network handled 4 million transactions during its inaugural week on testnet. Robinhood Chain is designed to facilitate tokenized equities, exchange-traded funds, and other conventional financial products.

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The mainnet deployment is scheduled for later in 2026.

HOOD concluded Tuesday’s regular trading at $69.08, with after-hours activity pushing the price modestly higher to $70.90.

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Crypto World

Ansem Says Ethereum Is in a Worse Spot Than 2023 as Thesis Weakens

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Ethereum Price Prediction

Crypto analyst Ansem argues that Ethereum (ETH) is in a “worse spot” in 2026 than it was in 2023, pointing to a thesis he says has been eroding for years.

His bearish take drew rebuttals from some members of the community. Meanwhile, on-chain activity and technical indicators elsewhere on the network flash bullish signals.

Ansem Lists Cracks in the ETH Thesis

Ansem argues that Solana (SOL) has dominated retail activity this cycle. Hyperliquid has taken the lead in perpetual futures trading, while rollups have failed to gain traction.

He also noted that Vitalik Buterin “publicly abandoned” the general-use rollup thesis. The ongoing Aave (AAVE) situation around the KelpDAO rsETH exploit, Ansem said, is a mark on  Ethereum’s core value proposition of “safety + security of defi & insto interest.

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“ETH thesis has been weakening consistently for years,” the analyst wrote. ETH in 2026 is in a worse spot than it was in 2023, amplified by AI doing extremely well & tech stocks being much more favorable investments with real revenues / emerging narratives / increasing momentum, ETH is a $300B asset with a ton of overhang from Tom Lee topblasting + complacent ETH holders sitting idle in defi protocols.”

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Technically, the analyst noted that ETH remains in a sustained downtrend after failing to break multi-year resistance. He projected that the second-largest cryptocurrency could slip to 2025 lows near $1,300 and to the bear-market lows from 2022.

“Tight invalidation 2377 assuming problems worsen if you want to play it loose assuming other risk assets continues doing well & drags it up probably somewhere around 2700/2800 invalidation fundamentals wise would want to see breakout activity from some new vertical,” the post read.

Ethereum Price Prediction
Ethereum Price Prediction. Source: X/Ansem

Community Members Push Back

The take triggered notable pushback. Ryan Berckmans accused Ansem of not understanding fundamentals. Leo Lanza went further, sharply dismissing the analyst’s bearish case on X.

Another user pointed to a 56% drop in the SOL/ETH pair this cycle.

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“Soleth is down 56% after being up 12x+ *this cycle* because one guy decided to buy 5% of the eth supply after it had underperformed all cycle. idk why you guys act like i dont also bearpost solana i havent posted anything bullish about sol in over a year,” Ansem replied.

Not everyone shares the bearish view on Ethereum. BeInCrypto recently highlighted that network activity remains strong, while technical indicators like the Rainbow Chart and MACD are also flashing bullish signals.

With macro and geopolitical uncertainty still in play, the question is whether ETH slides further this year or stages a renewed rally.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post Ansem Says Ethereum Is in a Worse Spot Than 2023 as Thesis Weakens appeared first on BeInCrypto.

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Aave’s TVL Falls $8B After $293M Kelp DAO Hack

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Aave’s TVL Falls $8B After $293M Kelp DAO Hack

Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly $195 million in “bad debt” on the protocol and triggering withdrawals.

Data from DeFiLlama shows that Aave’s TVL fell from about $26.4 billion to $18.6 billion by Sunday, losing the top spot as the largest DeFi protocol. 

Aave v3’s lending pools for USDt (USDT) and USDC (USDC) are now at 100% utilization, meaning that more than $5.1 billion worth of stablecoins cannot be withdrawn until new liquidity arrives or borrows are repaid. 

$2,540 is available to be withdrawn from the $2.87 billion USDT pool on Aave v3 at the time of writing. Source: Aave

Aave’s TVL fall shows how rapidly risk from a single security incident can spread throughout the broader, interconnected DeFi lending market, potentially leading to a severe liquidity crisis.

The incident began on Saturday when hackers stole 116,500 Kelp DAO Restaked ETH (rsETH) tokens worth about $293 million from Kelp DAO’s LayerZero-powered bridge and used them as collateral on Aave v3 to borrow wrapped Ether (wETH).

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Crypto analytics platform Lookonchain said the move created about $195 million in “bad debt” on Aave, which contributed to the Aave (AAVE) token tanking nearly 20% from $112 on Saturday at 6:00 pm UTC to $89.5 about 25 hours later. 

Lookonchain noted that some of the largest crypto whales to withdraw funds from Aave were the MEXC crypto exchange and Abraxas Capital at $431 million and $392 million, respectively.

Source: Grvt

Several crypto networks and protocols tied to rsETH or the LayerZero bridge have paused use of the bridge until the problem is resolved, including DeFi platform Curve Finance, stablecoin issuer Ethena and BitGo’s Wrapped Bitcoin (WBTC).

Aave has frozen several rsETH, wETH markets

Shortly after the Kelp DAO exploit, Aave said it froze the rsETH markets on both Aave v3 and v4 to prevent any suspicious borrowing and later stated that rsETH on Ethereum mainnet remains fully backed by underlying assets.

WETH reserves also remain frozen on Ethereum, Arbitrum, Base, Mantle and Linea, Aave said.

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This incident marks the first significant stress test of Aave’s “Umbrella” security model, which was introduced in June 2025 to provide automated protection against protocol bad debt while enabling users to earn rewards.

Related: Aave DAO backs V4 mainnet plan in near-unanimous vote

Earlier this month, the Bank of Canada found that Aave avoided bad debt in its v3 market by using overcollateralization, automated liquidations and other strategies that shifted risk to borrowers.

In comments to Cointelegraph, Aave defended its liquidation-based model, framing it as a core safety mechanism that protects lenders while limiting downside for borrowers.

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It comes as Aave parted ways with its longest-standing DeFi risk service provider, Chaos Labs, on April 6, following disagreements over the direction of Aave v4 and budget constraints.

Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?