Jobs blowout revives hike bets, rattles crypto bulls

Deutsche Bank slapped a $136 price target on Robinhood, and its crypto chain business is the reason why.

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Editorial Team
By Editorial Team

Powered by Gloria

Updated 1:24 p.m. ET

Strong jobs numbers are rarely good news for Bitcoin traders, and Trezor owners aren't having a great week either.

Over at Robinhood, the problem is too much spotlight on its tokenized stock offerings.

Bigger leaks, louder CEOs, and fresher macro headwinds. Here's your market breakdown.

Trezor's data breach just got 5x worse, now affecting 80K customers

Trezor originally said its shipping partner's data breach hit about 14K customers.

Now the company says 67K more US buyers were exposed between 2019 and 2021.

That brings the total to roughly 80K people whose personal data may be in the wrong hands.

If you ordered a hardware wallet to protect your crypto, the irony stings.

Get the full story ā†’

Markets

Blowout jobs report rattles rate-cut hopes ahead of long weekend

August payrolls surged to 162K, nearly tripling the 56K consensus estimate.

That complicates the Fed's September decision, with inflation data next week now carrying even more weight.

Treasury yields stayed elevated and the dollar strengthened as traders recalibrated.

BTC slipped below $80K, ETH traded near $2,400, SOL fell toward $102, and XRP dipped to $1.40.

Keep reading ā†’

Deutsche Bank raises Robinhood target to $136 as crypto chain revenue beats expectations

Deutsche Bank hiked its Robinhood price target from $115 to $136.

The catalyst: fee revenue from Robinhood Chain came in well above estimates.

A brokerage best known for meme stocks is quietly becoming a blockchain business.

Read the full breakdown ā†’

AMC's CEO is demanding Robinhood stop trading tokenized versions of AMC stock.

Legal action is on the table if the platform doesn't comply.

Tokenized equities sit in a regulatory gray zone that's about to get tested.

Check the details ā†’

On Our Radar

Privacy coin shopping: comparing Monero swap rates so you don't overpay.*

Crypto's bad guys: US and UK team up to take down scam operations.

Bitcoin's accounting problem: El Salvador quietly funded crypto purchases with private donations instead of public funds.

*sponsored

ICYMI

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Meme of the Day

Catch you in the next one.

Vi

Token Metrics Daily PulseDaily crypto news and analysis on what matters
The Defiant NewsletterSubscribe for free to the highest signal-to-noise newsletter in crypto. Read what matters, skip the rest. Join 100k crypto-natives to what the NYT calls "an industry must-read."
BRIEFINGS

Jobs blowout revives hike bets, rattles crypto bulls

Deutsche Bank slapped a $136 price target on Robinhood, and its crypto chain business is the reason why.

by Editorial Team | Powered by Gloria

Share

Add us on Google

Strong jobs numbers are rarely good news for Bitcoin traders, and Trezor owners aren't having a great week either.

Over at Robinhood, the problem is too much spotlight on its tokenized stock offerings.

Bigger leaks, louder CEOs, and fresher macro headwinds. Here's your market breakdown.

Trezor's data breach just got 5x worse, now affecting 80K customers

Trezor originally said its shipping partner's data breach hit about 14K customers.

Now the company says 67K more US buyers were exposed between 2019 and 2021.

That brings the total to roughly 80K people whose personal data may be in the wrong hands.

If you ordered a hardware wallet to protect your crypto, the irony stings.

Get the full story ā†’

Markets

Blowout jobs report rattles rate-cut hopes ahead of long weekend

August payrolls surged to 162K, nearly tripling the 56K consensus estimate.

That complicates the Fed's September decision, with inflation data next week now carrying even more weight.

Treasury yields stayed elevated and the dollar strengthened as traders recalibrated.

BTC slipped below $80K, ETH traded near $2,400, SOL fell toward $102, and XRP dipped to $1.40.

Keep reading ā†’

Deutsche Bank raises Robinhood target to $136 as crypto chain revenue beats expectations

Deutsche Bank hiked its Robinhood price target from $115 to $136.

The catalyst: fee revenue from Robinhood Chain came in well above estimates.

A brokerage best known for meme stocks is quietly becoming a blockchain business.

Read the full breakdown ā†’

AMC's CEO is demanding Robinhood stop trading tokenized versions of AMC stock.

Legal action is on the table if the platform doesn't comply.

Tokenized equities sit in a regulatory gray zone that's about to get tested.

Check the details ā†’

On Our Radar

Privacy coin shopping: comparing Monero swap rates so you don't overpay.*

Crypto's bad guys: US and UK team up to take down scam operations.

Bitcoin's accounting problem: El Salvador quietly funded crypto purchases with private donations instead of public funds.

*sponsored

ICYMI

Smarter CRM. Less Busywork.

Disconnected data and tools make it harder to understand your customers. HubSpot's Agentic Customer Platform brings your data, teams, and tech stack together with AI built in to help your business work faster and create more personalized customer experiences.

Why HubSpot and what's new

  • Use AI powered tools to take action faster

  • Unify your data, teams, and tech stack in one place

  • Create one shared view of customer data

  • Connect teams around the same customer context

  • Bring your business tools into one place

Connect more of your business in one place and give every team a smarter way to work. Get set up quickly and start checking off your hardest tasks.

Get started free

Meme of the Day

Catch you in the next one.

Vi

Token Metrics Daily PulseDaily crypto news and analysis on what matters
The Defiant NewsletterSubscribe for free to the highest signal-to-noise newsletter in crypto. Read what matters, skip the rest. Join 100k crypto-natives to what the NYT calls "an industry must-read."