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AI giant OpenAI has taken to X to remind an excited crypto community that Robinhood’s much-hyped “stock tokens” don’t represent equity in the business. The post clarifies that Robinhood isn’t working in partnership with OpenAI, and the tokens are not endorsed, insisting that “we did not approve any transfer” of equity. These “OpenAI tokens” are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it.  Any transfer of OpenAI equity requires our approval—we did not approve any transfer. Please be careful. — OpenAI Newsroom (@OpenAINewsroom) July 2, 2025 Read more: Robinhood wants US newborns larping into stocks Announced at the Ethereum Community Conference in Cannes this week, “stock tokens” give users access to tokenized versions of well-known stocks, as well as “shares” in private companies, OpenAI and SpaceX. The tokens are currently deployed on Ethereum L2 Arbit...

The tech sector has once again been front and center in the US stock market so far in 2025. Although the market itself has been increasingly volatile, optimism abounds for some of the most promising companies in the industry. Among them is Broadcom (AVGO), for which Citi has lifted its price target, with the stock in the midst of a 30% surge. The bank revised its target and outlook upward while sticking firm to its buy rating. Indeed, the development marks yet another positive projection for a top tech stock that could be set to edge even higher if Wall Street is able to find its footing in the coming months. Source: Banking Dive Also Read: Broadcom (AVGO): Why The Stock May Continue Its 300% Rise Broadcom Gets Boosted Price Target From Citi as Stock Keeps Gaining There has been no shortage of high expectations for Broadcom over the last several months. Many experts have begun to theorize that the stock may be on a $2 trillion trajectory. However, it has struggled amid an increasingly ...

In a rather surprising development for the company, Jeff Bezos has sold $3 billion worth of his position in Amazon (AMZN) stock. Indeed, the founder of the e-commerce titan has reduced his stake in the company, with him now selling a total of $13 billion worth of the stock throughout 2024. The move is rather surprising considering the dominant position that Amazon currently finds itself. The company has been thriving in the AI and cloud-based computing sectors, which have enjoyed increased demand this year. Moreover, it is projected to continue growing in value with a positive trajectory forming for 2025. Source: CNBC Also Read: Amazon Stock up 7% as AI Growth Drives AMZN Surge Amazon Founder Dumps Stock: Bezos Offloads $13 Billion in 2024 There are few companies better positioned to take advantage of current stock market trends than Amazon. It has seen its Amazon Web Services (AWS) business become one of its primary functions. Moreover, its foray into AI has been a success to this poi...

Republican presidential candidate Donald Trump recently announced plans to create a Bitcoin (BTC) strategic reserve, a potentially monumental factor in the financial markets. Trump stated that if elected, he would ensure the United States maintains all Bitcoin it currently holds or acquires in the future as a strategic asset. This potential policy shift could significantly impact various sectors, especially those closely linked to Bitcoin and blockchain technology. Here are three stocks that stand to benefit if the US moves forward with this plan. Coinbase Global (NASDAQ: COIN) As one of the largest cryptocurrency exchanges in the world, Coinbase (NASDAQ: COIN) stands to gain significantly from increased governmental and institutional adoption of Bitcoin. With the US government potentially holding a large Bitcoin reserve, the demand for secure and compliant platforms for trading and custody will likely increase. Coinbase’s established infrastructure and regulatory...

A financial analyst well-known for his trading of GameStop stock , Kieth Gill, better known as Roaring Kitty, has been sued. Gill was served a class action securities fraud lawsuit for his connection to GameStop stock (GME), and how he used his growing following over the last several months. Gill was instrumental in the video game retailer’s stock surge in 2021. However, he notably disappeared from public view three years ago. That changed in May, when he returned to Twitter (now X) and incited a renewed push for the company’s stock , now serving as the subject of the class action suit. Source: The Verge Also Read: GameStop Reveals Early Q1 Earnings as Roaring Kitty Holdings Just Miss $1B Roaring Kitty Faces Securities Fraud Lawsuit With the GameStop trading saga reigniting just a few months ago, Roaring Kitty is now set to face a lawsuit. Filed on June 28th in the US District Court for the Eastern District of New York, the suit claims the trader manipulated markets for pe...

Legendary trader Peter Brandt believes Bitcoin (BTC) might be on the brink of a major breakout, drawing parallels to a significant stock market surge in the mid-1980s. According to Brandt, BTC mirrors historical patterns that preceded a prolonged bull market, suggesting Bitcoin could follow a similar trajectory. In an X post (formerly Twitter), renowned trader Peter Brandt highlighted a striking similarity between a current Bitcoin chart and a pattern observed in the stock market during the mid-1980s, a period marked by a significant breakout.  Picks for you AI sets Chainlink (LINK) price for June 30, 2024 2 hours ago Whale scooped $26.7M in ETH after $76.6M profit amid market surge 4 hours ago ...

Once a key player in the metaverse realm, Roblox anticipates a challenging 2024 as its investors voice concerns regarding the company’s ability to achieve sustainable profitability. Roblox, previously touted as a metaverse hub within the gaming platform space, is gearing up for a tough year ahead as its financial health continues to deteriorate, as per Sahil Alvi, the founder of Neuron Partners, an early backer of Roblox. In an interview with Fortune, Alvi did not hide his frustrations, noting that Roblox’s shares are still far from its IPO price achieved in Q1 2021. “We’ve been watching the stock languish for the better part of two years. It doesn’t seem the leadership team has gotten the memo that times have changed and markets no longer reward growth for growth’s sake.” Sahil Alvi You might also like: ‘Metaverse technology is still immature, but in 30 years, everyone will use it’ While Alvi did not detail his firm’s st...

Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares as the stock hits an 18-month high at $119.7 per share. ARK Invest, one of the companies that filed an application for a spot Bitcoin (BTC) exchange-traded fund (ETF), is again taking profits on its Coinbase (COIN) shares as the stock price surges. On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7 per share at the time of the sale, giving the transaction a value of $5.3 million, data from TradingView shows. Coinbase crypto exchange has seen its shares jump to an 18- month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States on Nov. 21, 2023. According to data from TradingView, Coinbase stock is up 168% over the past year, surging more than 220% since January 2023. The stock is still down about 70% fr...

Coinbase (COIN), one of the leading cryptocurrency exchanges, experienced a remarkable 6% surge in its stock price this week, driven by growing optimism regarding the potential approval of a long-awaited bitcoin spot exchange-traded fund (ETF).  Coinbase’s stock performance has often closely mirrored the broader cryptocurrency markets. As one of the largest crypto custodians, the company has garnered significant attention from various prospective ETFs, including BlackRock’s proposed Bitcoin ETF.  This recent positive turn makes Coinbase an attractive investment option, especially with the potential of an impending bull market and the upcoming Bitcoin halving. The current price increase could mark a significant turning point for the company, which has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC). Coinbase’s legal challenge with the SEC The SEC’s regulatory approach has been a subject of criticism, both from the ...