OVERVIEW

HOOD’s Esteemed Booty: Bitstamp

If this consolidation is going to be at least as long as what we experienced from April 13 - May 19, we’ve got another eighteen days of this chop ahead of us. 😐️ 

In today’s Litepaper, Robinhood acquires Bitstamp, Jim Cramer and Gary Gensler rant about crypto and Chainlink’s crown as the top blockchain for tokenizing real-world assets (RWA).

Also on deck: Coinbase’s new smart wallet that promises to make crypto wallets much easier. 📰

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

NEWS
HOOD’s Heroic Heist 🏹 

Verily, Robinhood ($HOOD) hath loosed an arrow true: they art acquiring Bitstamp, the most anciently operating crypto exchange. This $200 million pact (awaiting regulatory assent) shall be consummated in the first half of 2025. Prepare thyself for grand expansion. 🚀

‘Tis A Most Grand Deal My Goodman

• Hark! Command of All The Realm: Bitstamp brings its A-game with a global crypto exchange, pulling in customers from the EU, UK, US, and Asia.

• Forsooth, they commandeth potent institutional force: Bitstamp’s trusted for solid trade execution, deep order books, and top-tier API connectivity.

• Every Trifle of Amusement: With over 85 tradable assets, plus institutional lending and staking, Bitstamp’s suite of products will beef up Robinhood's crypto offerings.

What Boon Profiteth Thee?

• Verily, a Pleasant Sailing Shall be had: Bitstamp’s platform means better trading capabilities for Robinhood users, including staking and lending. Say goodbye to missing out on those passive gains.

• Lo, the Potent Guardian of Ordinances: Someone in HOOD’s compliance office is probably having the time of their life. Bitstamp’s got over 50 active licenses and registrations worldwide.

Behold, 'tis an epoch of expectancy. We shall attend to Robinhood’s proclamations and refresh this document as the transaction progresseth. 🌐