Browsing: down

Robinhood Stock Is Down 5% After a Crypto Insider-Trading Case. Here’s Whether the Selloff is an Overreaction

Robinhood Markets (HOOD) closed at $104.42 on September 16, down 5.46% in a single session, after federal prosecutors in Manhattan charged two of its engineers with fraud tied to crypto listings. The two allegedly used confidential knowledge of upcoming Robinhood Crypto listings to trade Hyperliquid perpetual futures, and each allegedly cleared just north of $50,000.…

Falling Bitcoin Prices Drag Down Products and Mining Revenue for Canaan (CAN)

On September 8, Canaan Inc. (NASDAQ:CAN) announced its second quarter FY26 results, which did not inspire confidence. The computing and energy infrastructure innovator posted total revenue of $31.9 million during the quarter. The topline figure went down compared to $100.2 million in Q2 FY25 and $62.7 million posted during the first quarter of 2026. Canaan…

CFTC and SEC Double Down on Crypto After Clarity Act Defeat

The heads of the Commodity Futures Trading Commission and Securities and Exchange Commission pledged to press ahead with crypto regulation using their existing powers after the Senate failed to advance the Clarity Act.

DeFi Protocol Balancer to Wind Down Operations After Failed v3 Recovery

On September 15, Marcus Hardt, co-founder of Balancer Labs, initiated a proposal on the protocol’s governance forum recommending an “orderly winddown” of the protocol—halting new business development, gradually transitioning liquidity pools to withdrawal-only mode, and ultimately shutting down the protocol.