Robinhood's Assault on the Coin Circle: This May Be the Beginning of a Comprehensive Invasion of Traditional Finance From last night until today, all the limelight in the market has been snatched away by @ RobinhoodApp, which announced a bunch of news that shook the US stock market and cryptocurrency circle in one breath. This includes: ➡️ Using Arbitrarum to issue Robinhood Stock Tokens for US stocks and ETFs, including OpenAI and SpaceX stock tokens (airdropped to EU users). ➡️ Announced the launch of perpetual cryptocurrency futures trading in the European Union for eligible traders, allowing up to 3x leverage trading ➡️ Launching Ethereum (ETH) and Solana (SOL) staking services for eligible users in the United States ➡️ Developing a proprietary Layer-2 blockchain based on Arbitrarum technology, called 'Robinhood Chain', marks Robinhood's transformation from a traditional financial platform to a blockchain infrastructure provider ➡️ New encrypted credit cards and personalized AI assistants After the news was released, not only did Hood's stock soar by 12%, but it also meant many positive signals for us cryptocurrency industry practitioners. I can think of the following points: ~~~~~~~~~~~ 🔅 Robinhood has demonstrated its cross-border invasion from traditional financial platforms to blockchain Infra through the issuance of "stock coins" and perpetual contracts, marking the beginning of the integration of traditional finance and encrypted assets as they move towards compliance with cryptocurrency regulations. 🔅 Traditional CEX should feel the arrival of another dimension of strategic competition, and is likely to start counterattacking soon. "Stock coins" should also be popularized in major CEX soon. Kraken and Bybit both started taking action last night, will @ binance @ okx sit idly by? 🔅 The ETH and SOL staking services in the US market (previously limited to the EU) will push staking to a wider range of retail investors, as Robinhood's user affinity is much better. This not only means attracting more new blood from the United States and its sister countries, but also means that the SEC in the United States is likely to have cleared obstacles to similar services. SOLMaxi is overjoyed 🔅 The tokenization and sale of private equity such as OpenAI and SpaceX to retail investors is a global first, much like the IEO model of the past. This opens up a compliance paradigm for asset tokenization of non listed companies, and after the ice breaks, it may stimulate a large number of similar innovations (such as tokenization of new potential companies, real estate, and even art). This space is too big, I'm excited! Is it difficult to sell Australian house tokens? After thinking about it for several cycles, is it reliable? 🔅 Robinhood's choice of Arb and its own development of RobinChain is also beneficial for cryptocurrency Devs, as there is a high probability that more companies will learn from Robinhood in the future, which requires smart contracts, custody solutions, and cross chain bridges that support RWA. Arbitrum and other Layer-2 ecosystems (such as Optimism, Base) will see more demand, and of course, there will be more Defi applications. Building LEGO bricks together is like stacking traditional financial games. ~~~~~~~~~~~~~~~~ To summarize: Robinhood's repeated moves have the potential to bring new challenges to the currently stagnant cryptocurrency market. Unlike in the past when we were waiting for the birth of internal organic revolution seedlings, Robinhood is integrating traditional finance with its massive user base into cryptocurrency. And from the perspective of infrastructure, it has embraced Layer2, which is very gratifying for practitioners. After all, the bottom layer of traditional finance is an old relic that has been used for many years, but it stubbornly refuses the technological innovation of blockchain. This time, Robinhood has taken the lead. (Thinking of the fact that the underlying blockchain experiment of the Australian stock exchange, which started many years ago, did not come to an end). The era is beginning, brothers~ BTW, Robin Good's press conference is quite high-end and comfortably filmed, like a blockbuster. Its name is: To Catch A Token - Capture Token The portal is here https://(x.com)/RobinhoodApp/status/1939701274217460047 Those interested can take a look