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4E: Robinhood's encryption revenue slightly missed expectations, the market capitalization of the encryption treasury company soared, and the White House is pushing for overseas encryption tax reporting legislation.
ChainCatcher message, according to 4E observation, Robinhood (HOOD.O) is expected to have encryption business revenue of $160 million in Q2 2025, slightly lower than the market expectation of $162.1 million. Monthly active users are 12.8 million, below the expected 14.25 million, indicating weak rise in its platform user base.
At the same time, the market capitalization of publicly listed companies holding encryption assets has surged to $160 billion, an increase of nearly 80% compared to the beginning of 2024, highlighting the trend of companies incorporating encryption assets into their financial strategies. After companies allocate digital assets, they often experience significant stock price rises, and the concept of encryption treasury is becoming a new trend.
On a macro level, the Federal Reserve has maintained the interest rate at 4.25%-4.50% for the fifth consecutive time, in line with market expectations. The preliminary annualized quarterly rate of the U.S. Q2 actual GDP is 3%, core