Robinhood is having a monster day.
$HOOD surged 13% as Robinhood Chain smashed its previous records, generating approximately $4 million in onchain revenue on September 2—more than any other blockchain that day. So, what exactly is Robinhood Chain? It is an Ethereum Layer 2 network built on Arbitrum and designed for tokenized finance. Its ambition is to bring stocks, ETFs, private assets and other real-world assets onchain—enabling 24/7 trading, self-custody, lending and integration with decentralized finance. The $4 million does not translate directly into $4 million of revenue for Robinhood’s financial statements. But the explosion in activity offers an early glimpse of the platform’s potential—and of Robinhood’s evolution from online broker to financial infrastructure provider. The timing could hardly be better. Morgan Stanley just upgraded $HOOD to Overweight with a $150 price target, while Scotiabank initiated coverage with a Sector Outperform rating. Robinhood is no longer just trying to democratize trading. It wants to rebuild the market infrastructure underneath it. Source: Bull Theory, TradingView
Global Investors now own close to $40 Trillion of U.S. Assets, the most in history
Source: Barchart
Reminder to stop overthinking what stocks to buy
Source: Nancy Pelosi Stock Tracker
Breaking: Blackstone just restricted withdrawals from its $77 billion private credit fund for the second consecutive quarter
They have only returned 50% of investors request Companies capping withdrawals: • Blackstone • Blue Owl Capital • Apollo Management • Ares Management • BlackRock • Starwood Capital Source: Michael Burry Stock Tracker
Hyperscaler yield curves
Source: Global_Macro
Bessent’s bond-market victory didn’t last long. US 30y yields are back at 5.27%, wiping out the gains from Treasury’s surprise buyback expansion.
And the selloff is global: UK 5.86%, Japan 4.18%, Germany 3.82%. Message from bond vigilantes: deficits + inflation > intervention. Source: HolgerZ, Bloomberg
GoPro just surged nearly 138% in five days—and action cameras are no longer the main story.
The company plans to merge with optical photonics specialist Starman Optical in a deal valued at approximately $285 million. GoPro shareholders are expected to receive around $1.14 per share in cash while retaining roughly 10% of the combined company. The strategic pivot is dramatic: From consumer cameras to AI data centers, defense, aerospace and government infrastructure. Why does it matter? AI data centers rely on optical transceivers to move enormous volumes of data between thousands of GPUs, servers and storage systems. As AI workloads scale, high-speed connectivity is becoming a critical bottleneck—and a major investment opportunity. Investors are now betting that this transaction could transform GoPro into an AI infrastructure play. The stock jumped 46% in one session and another 78% in premarket trading. A spectacular repricing—but the deal still requires shareholder and regulatory approval. Source: Milk Road AI
Is the dichotomy between the Nasdaq 100 Index (in green) and the Advance-Decline line (in white) something to be worried about?
Source: Bloomberg, RBC
