$HOOD

President Donald Trump plans a White House meeting next week with CEOs from crypto, prediction markets and AI, including Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi, plus leaders from CME Group, Nasdaq, ICE and DTCC, according to CoinDesk. The meeting precedes the CFTC’s new Innovation Advisory Committee inaugural session on Thursday, with CFTC Chair Mike Selig expected to attend. The agenda ties to the Digital Asset Market Clarity Act and Senate ethics negotiations.

Crypto-linked stocks fell Friday after Bitcoin dropped below $63,000. Strategy (MSTR) and Circle (CRCL) were down about 5% and nearly 5% in morning trade, respectively, with Bitmine (BMNR) down over 4%, Coinbase (COIN) around 3%, and Robinhood (HOOD) nearly 2%. The move followed a 2% BTC decline to about $62,500 and broader risk-off moves in SPY, DIA and QQQ.

The article tracks tech layoffs in 2026 across companies including TikTok, Microsoft, Meta, Oracle, Samsung, Zillow, Visa, Monday.com, Patreon, Uber, Amazon, Lucid, Bungie, Robinhood and others. It cites Oracle cutting 21,000 jobs (about 13%) over the past year, Microsoft cutting 4,800 roles (Xbox hardest), Zillow cutting just over 500, and Visa cutting about 2,600 (about 7%).

Robinhood Markets (HOOD) reported Q2 FY2026 revenue of $1.3B (+32% YoY) and EPS of $0.62 (+48% YoY), beating consensus $0.42. Adjusted EBITDA was $741M (+35%). Management lowered 2026 OpEx and SBC outlook to $2.675B-$2.775B, said July trading was near record levels, and noted net cash of about $1B. Analysts raised targets, with BofA lifting to $140.

Standard Chartered said Robinhood Chain’s liquidity is nearing $1B TVL, with nearly all liquidity supplied via Uniswap V2, V3 and V4. The firm added that Robinhood-linked protocol fees are now the largest UNI burn source, with the burn rate roughly doubling since July 27 to about $90M annualized. UNI is around $3.50. HOOD stock target raised to $160 by Bernstein.

Robinhood Markets (HOOD) priced 8 million shares at $25 each for its NYSE-listed Robinhood Ventures Fund II (RVII), raising $225.5 million, according to the company. RVII targets early- and growth-stage private startups, including Y Combinator participants. The fund follows a March first fund and Robinhood said it is already working on later funds.

Robinhood Markets (NASDAQ:HOOD) launched Robinhood Ventures Fund II (NYSE:RVII), raising $225.5 million in its IPO. The fund will invest in early- and growth-stage private companies, focusing on current and former Y Combinator participants. RVII priced 8 million shares at $25 and listed on the NYSE, following HOOD’s first fund launched in March.

Robinhood shares rose about 5.5% to $100.13 after Goldman Sachs raised its price target to $123 from $118 and kept a Buy rating. The article also cites Robinhood Ventures Fund II starting NYSE trading at $25 per share and July 2026 operating data: 28.5M funded customers, 59% YoY higher equity notional volume to $333B, and $5.6B net deposits. Nasdaq and S&P 500 were up.

Reuters reports Robinhood launched its second venture fund, Robinhood Ventures Fund II (RVII), raising $225.5 million in an IPO. The fund will invest in early- and growth-stage private companies, targeting current and former Y Combinator participants. RVII priced 8 million shares at $25 and listed on the NYSE, following Robinhood’s first fund.

Robinhood (HOOD) shares rose after hours after the company reported Q2 event contracts generated $156 million, 11.9% of revenue, and 13.6 billion contracts. Event revenue unit economics fell versus a Q1 proxy. The article cites Kalshi-related regulatory and legal scrutiny, plus analyst consensus Buy and an average $121.40 price target.