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18:28
Robinhood launches Layer 2 mainnet Robinhood Chain
According to Odaily, Robinhood has launched its Layer 2 blockchain, Robinhood Chain, on the public mainnet, enabling tokenized stock trading in over 120 countries, and introduced a decentralized lending product, Robinhood Earn, which offers an approximate 7% yield based on USDG. Robinhood is expanding from brokerage services to cryptocurrencies, tokenized assets, and AI-driven trading.
17:57
Securities warn that the risk of a Federal Reserve rate hike in July is underestimated, and there is an above-expected risk in the employment report.
The company's head of macro strategy, Frank Flight, continues to regard two Federal Reserve rate hikes this year—one in September and another in December—as the baseline scenario. Even so, he stated that the market assigns about a 30% probability to a July rate hike, which he believes is too low.
17:50
The head of BlackRock's private credit fund resigns; the fund faces loan losses and a US regulatory investigation.
The head of BlackRock's private credit fund has resigned after the fund suffered loan losses and is facing an investigation by U.S. regulators into its valuation methods.
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