Just saw HOOD dropped about 6% after hours on their Q1 earnings - crypto revenue got hit hard, down 47% year-over-year to $134 million. That's pretty brutal considering how much of their growth story was tied to the crypto boom last year when the stock was trading near $154. They posted $0.38 per share, missing expectations by a penny, even though total revenue hit $1.07B and was up 15% overall. Honestly the miss stings because equities and options trading actually did well, so it's really just the crypto slowdown dragging things down. Stock's now trading around $82, which is a pretty significant pullback from those highs. What caught my attention though is they're trying to diversify away from just crypto trading - prediction markets hit record volumes, and they launched their Robinhood Chain testnet for tokenized assets. Platform assets grew 39% to $307B, so there's still solid momentum underneath. The real question is whether these new revenue streams can make up for the cooling in digital asset trading. If crypto stays quiet, it could be rough for them.