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cointelegraph.com Mar 17, 2025 18:40

Robinhood shares up 8% after launching betting markets hub - Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance. The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it said. HOOD’s intraday performance on the Nasdaq on March 17. Source: Google FinanceThe online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie ratings.Prediction markets “play an important role at the intersection of news, economics, politics, sports, and culture,” JB Mackenzie, vice president and general manager of futures and international at Robinhood, said in a statement. Experts say political betting markets often capture public sentiment more accurately than polls. Platforms such as Kalshi and Polymarket accurately predicted US President Donald Trump’s November election win even as polls indicated a tossup.Related: Robinhood tips Singapore launch, touts memecoin interest: ReportRising popularityPrediction markets have become increasingly popular in the US since September 2024, when Kalshi prevailed in a lawsuit challenging a CFTC decision to bar it from listing political event contracts.By November, trading volumes across popular prediction markets neared $4 billion for contracts tied to the US elections.Robinhood tested the waters of political event contracts in October when it started letting certain users bet on the outcome of the presidential election between former Vice President Kamala Harris and Trump.In February, Robinhood suspended Super Bowl betting after receiving a request from the CFTC to nix its customers’ access to the event contracts.Beyond stock tradingRobinhood has been expanding its footprint in emerging asset classes, including cryptocurrencies and derivatives. On March 13, the company listed memecoins like Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) in a bid to expand its presence in crypto. Back in January, it rolled out futures contracts tied to cryptocurrencies such as Bitcoin (BTC).Robihood’s latest earnings report shows the firm posted a 700% year-over-year jump in crypto revenues in the fourth quarter of 2024 as Trump’s election win and rising market prices fueled boosted crypto trading.X Hall of Flame: Memecoins will die and DeFi will rise again — Sasha Ivanov 

FOMO: 85%
cointelegraph.com Mar 17, 2025 18:20

Ripple files trademark application for custody service, wallet - Ripple Labs has filed a trademark application for the word mark “Ripple Custody,” indicating that the company behind the XRP (XRP) token is considering expanding its brand in the crypto custody space.The filing notes four use cases for the word mark, including one that reads “Financial services, namely, custodial services in the nature of maintaining storage and possession of cryptocurrency […] for financial management purposes.”Crypto custodians store and manage digital assets for individuals and institutions, aiming to minimize risks such as private key loss and security breaches. The demand for custody services has grown significantly in recent years, especially following the approval of exchange-traded funds (ETFs) in the US in 2024. Major players in this space include Coinbase, Citi and BNY Mellon, among others.Screenshot of Ripple Labs’ trademark application. Source: JUSTIA TrademarksThe trademark filing follows Ripple’s launch of its custody service in October 2024. At the time, the company said the move sought to diversify its revenue streams beyond its payment settlement service.A Ripple spokesperson declined to comment on the trademark filing.Will Ripple launch a crypto wallet?Another use case listed in the trademark filing reads, “downloadable software for custody of cryptocurrency, fiat currency, virtual currency, and digital currency; downloadable software for transmission and storage of cryptocurrency, fiat currency, virtual currency, and digital currency.”The use case may indicate that Ripple could be planning to launch a cryptocurrency wallet, either to support its native token, XRP, or a wider variety of digital assets. Currently, the company does not offer a crypto wallet. The wallet services offering would provide another revenue stream to Ripple by collecting transaction fees.Companies already offering support for XRP and other cryptocurrencies include Ledger and Trezor hardware wallets, Trust Wallet, Exodus and many others.Magazine: Hall of Flame: Crypto Banter’s Ran Neuner says Ripple is ‘despicable,’ tips hat to ZachXBT

FOMO: 90%
cointelegraph.com Mar 17, 2025 15:00

Move is now primed to grow DeFi - Opinion by: Alex Nguyen, CEO at VibrantXThe Move programming language’s origin is not super cypherpunk. Facebook (now Meta) created Move after the Libra/Diem team compared major smart contract languages (Bitcoin Script, Ethereum Virtual Machine bytecode languages) and decided their formidable in-house tech talent could make a new language built on years of private and public sector research.The original team, including founders Mo Shaikh, Avery Ching, and their engineering team, left Facebook to continue as a fully independent, open-source project headed up by Aptos Labs and supported by the Aptos Foundation.Importantly, Meta’s failed Libra experiment left us with a programming language specifically designed for crypto finance. Move on Aptos is now open-source, and the Aptos Foundation is a commercially driven organization that welcomes builders from all backgrounds.Move is now the best programming language for verifying the absence of bugs and checking for modifications and leaks, which is how most blockchains get hacked.This verification relies on two key features of Move on Aptos: (1) “backward compatibility” and (2) the concept of an “auditor at runtime.” Backward compatibility means future-proofingMove on Aptos is fast and cheap, creating a competitive user experience, especially for decentralized finance (DeFi) applications. Aptos aims for a high transaction throughput, with theoretical capabilities reaching up to 160,000 transactions per second (TPS) through its parallel execution engine, Block-STM.Aptos’ sub-second finality means transactions are confirmed quickly, enhancing the user experience in time-sensitive applications.To be fair, other chains also have these qualities. Move on Aptos is, however, designed to be “backward-compatible.” Future upgrades won’t disrupt existing projects. This helps developers feel more confident building long-term solutions without worrying about things breaking because of a Move upgrade. Move smart contracts are designed to be upgradeable without affecting the user experience, which is essential for mainstream adoption. This enables teams to implement bug fixes and new features with zero disruption. Recent: Crypto startups can’t just rely on solid tech to win VC funding: OKXSmart contract flexibility through Move on Aptos’ specific security features results in better and faster product shipping. Being more flexible, Move on Aptos can quickly adapt to support new ecosystems.“Bytecode” verification prevents leaksSolidity contract hacks have been prevalent over the years. When building Web3 technology for markets worth billions or even trillions of dollars, it’s crucial to have a security system that will protect projects from resource leaks, invalid memory access and other unauthorized modifications. As it was initially developed for Meta’s Diem project, Move is designed for safety, resource management and performance, making it attractive for developers looking for a secure yet robust language for smart contracts.When deploying code using Move, the code will be verified across several crucial coding conditions like proper resource management, type correctness and reference safety. No matter what happens to the code, it will be verified first to prevent any faulty or malicious smart contracts from running. This is the power of Move’s built-in bytecode verification.Real-time verification of the absence of bugsRenowned computer science pioneer Edsger Dijkstra noted, “Program testing can be used to show the presence of bugs, but never to show their absence!” Move’s formal verification capabilities let developers actually prove that there are no bugs in specific code according to preset specifications. MoveVM is less battle-tested than Ethereum’s virtual machine, but as Rushi Manche, founder of Movement Labs, has explained, Move requires much less code auditing. The MoveVM runtime can act as an “auditor at runtime.”The verifier inside the MoveVM ensures that the transaction code is not harmful and that it cannot create, duplicate or destroy resources not allowed by the signer(s) of the transaction. In other words, MoveVM is an “auditor at runtime” rather than a human smart contract auditor. Today, Move on Aptos is more than just a smart contract language. Move on Aptos is the longest-standing, most recognized and widely used version of Move, boasting one of the fastest-growing developer communities and a rapidly growing ecosystem of infrastructure, tooling and projects.Quickly verifying code before deployment created the conditions for the Move on Aptos ecosystem. From a flawed Web2 beginning, Move is now primed to grow DeFi.Opinion by: Alex Nguyen, CEO at VibrantX.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

FOMO: 90%