Robin Hood has returned to the spotlight, but this time it’s not just about meme stock. Trading apps have begun offering tokenized versions of over 200 US stocks and ETFs to European users. Even private companies such as SpaceX and Openai have made the list. The idea is to take familiar financial assets and bring them into a blockchain-based environment.

Tokenized stock has been explained

Think of tokenized stock as genuine digital twins. Instead of owning the actual share, they hold tokens that reflect the price. Robinhood does this through special purpose entities on hold Stock and issue tokens representing it.

You can exchange it 24/7 and keep it in your crypto wallet. But no doubt these tokens come with ownership. no There is no voting power, no dividends, and no ordinary protections associated with traditional fairness. It is taking price action, not shareholder rights.

European test run

This release is At least for now it’s only in Europe.. Robinhood secured regulatory approval Through Lithuania, that Let’s forgive It works in more than a dozen EU countries under the block’s cryptographic rules. There are no plans to deploy this in the US yet, but Robin Hood I said Can be expanded once know What regulators expect. Until then, American users are on the sidelines.

Discover: 9+ Best High Risk, High Reward Crypto Buy in July 2025

Reactions and pushbacks

The announcement attracted some attention. Openai has appeared Quick To make it clear that it has nothing to do with tokens carry That name. Lithuania and the European Union regulators also have I asked Robin Hood. explain that’s right how It is presented These assets to users. The concern is that people may not fully understand what they are buying, especially when private companies are involved.

24 hours7d30D1Yeverytime

Investor topic

Despite the warning, the market loved the news. Robinhood’s stock is gaining value, with some analysts calling the launch a bold, timely move. Still, others were more cautious. The company’s valuation already envisions great success, pointing out that tokenized stocks have legal and operational risks. It was tested Large scale.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

The whole picture

Robin Hood is clearly They are trying to expand that identity. What began as a stock trading app now aims to become a gateway to tokenized finance. CEO Vlad Tenev suggests that stocks are just the beginning. Over time, he wants to see credit cards, reward points, and other everyday assets that have also been brought to the blockchain.

This movement too I’ll pay more attention Tokenization as a concept. If done correctly, it can reconstruct how people interact with financial products, especially in areas that are under-convenient with traditional markets.

I think Tokenization is the biggest capital market innovation since central limit order book https://t.co/nhwcr7ocmv

-Vlad Tenev (@vladtenev) July 8, 2025

What to see

In Europe, regulators are I’m looking closely. In the US, Robin Hood is push for more Transparency Continue to contact In the SEC. The results help us to determine whether tokenized inventory becomes a mainstream option or an interesting experiment. Either way, the signal is clear. Robinhood wants a larger seat at the digital finance table.

Discover: 20+ Next Cryptocurrency to Explode in 2025

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Why you can trust 99 Bitcoin?

Over 10 years

Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.

90 hours+

Weekly research

100k+

Monthly Readers

50+

Expert Contributors

2000+

Crypto project reviewed

Follow 99 Bitcoin on Google News Feed

Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!

Subscribe now

“From this day on, America will follow the rules that everyone in Bitcoin knows well. Don’t sell Bitcoin.” – President Donald Trump at first White House Script Summit 3/7/25

The US President is currently reciting the popular Bitcoin maxim related to the American Bitcoin stack.

wild.

It is clear that he received the message that Bitcoin is completely different from all other digital assets.

He has proven this not only in what he said in today’s Crypto Summit, but also in signing last night’s Executive Order (EO) to establish a Strategic Bitcoin Reserve (SBR) independent of digital assets stockpiling.

Strategic Bitcoin Reserve

Regarding SBR, the president said today that the US is planning to hold Bitcoin it owns, unlike previous administrations that sold large amounts of money.

“Unfortunately, in recent years the US government has foolishly sold tens of thousands of Bitcoin (200,000, by some estimates).

That said, the president also shared that members of his administration are pursuing a path to accumulating Bitcoin.

“The Treasury and Commerce will explore new routes to accumulate additional Bitcoin holdings in the reserve, if they are free to taxpayers,” he said.

“We don’t want to spend money on taxpayers,” he reiterated, highlighting the notion that the US government is planning to accumulate Bitcoin “to borrow language from last night’s EO).

Participants

Treasury Secretary Scott Bescent and Commerce Secretary Howard Lutnick attended the summit along with around 30 prominent members of the Bitcoin and crypto industry. These include strategy executive director Michael Saylor, Coinbase CEO Brian Armstrong, Gemini co-founders Cameron and Tyler Winklevoss, and BTC INC. CEO David Bailey.

Other members of the Trump administration were also present, including Small Business Administration Director Kelly Loeffler and White House Crypto Zar David Sachs.

Both Sack and Loffler praised Trump’s pace of progress in Bitcoin and Cryptocurrency executive orders and laws.

“Your admin is running on Tech (Startup) Speed,” Sacks said.

“In fact, it’s faster than the startups I’ve been involved in,” the venture capitalist added that he is well-known for investing in many high-tech startups in his career.

Secretary Lutnick assured President Trump’s new knowledge of Bitcoin and crypto, adding that the president has truly embraced technology.

“Blockchain and Bitcoin technology are important parts of (the president’s) thinking,” says Lutnick.

“We use blockchain, we use bitcoin. We use digital assets to move forward, and Donald Trump is leading the way,” he added.

stablecoins as money, bitcoins as a valuable storage

Now, before you go and get too excited about Secretary Rutnick talking about “using” Bitcoin, know that in the bullish bitcoin story at the event, the Bitcoin words used as money are not spoken. Instead, it was simply called savings technology.

Stablecoins are solely in regards to digital assets that the administration considers as money.

Secretary Becent reinforced this message, and recently pushed both the first US press conference on digital assets and the first subcommittee on digital assets hearings at the summit.

“We’re going to put a lot of thought into the Stubcoin administration,” Secretary Bescent said. “And as President Trump has directed, we’re going to keep the world’s dominant reserve currency in the US (dollars), and we’ll use stablecoins to do that.”

(And before you go to Bescent, the secretary who holds your breath while you’re reading this, he also dropped the absolute banger of Pro Bitcoin one-liner at the event: “President Trump is creating assets for the American people, but most past presidents have created debts.”)

It was not discussed

Additionally, in a summit preview call with senior White House officials this morning, one of the officials dispelled rumors that the administration would remove capital gains tax from crypto sales (this also applies when using Bitcoin or crypto). (That wasn’t the case.)

Another thing that was not discussed at the summit was whether the US Marshall detained the Trump administration for proper audits of Bitcoin and other digital assets (last reported, but they clearly have little thought of what they have). Nor could the government plan to protect the private keys of Bitcoin held in the SBR. (I planned to ask about the latter, but the media members attending the event were not allowed to ask questions.)

But let’s not get lost in some of the current minor details here.

It was a good day

Instead, let’s queue up from Brian Armstrong and admit that today was a good day by many standards.

“It was a rather historic moment for the crypto industry,” Armstrong told Bitcoin magazine after the summit was over.

“President Trump really brought the industry to life. A few years ago, we felt like we were under attack and some people tried to kill the entire industry illegally. What a change in the ocean to be invited to the White House and welcome the most pro-cryptic president ever,” he added.

Armstrong also said he would like to see the law passed to make it concrete to make some of the specific Bitcoin and Crypto initiatives under the Trump administration.

“Congress has made great progress in this with Stablecoin and market structure legislation and hopes to codify this strategic Bitcoin reserve in the end.”

Since the beginning of this year, Ethereum has underperformed compared to major digital assets in the market. ETH’s underperformance has sparked concerns within the community, with traders finding it difficult to determine whether the altcoin is gearing up for a major rally or further downside pressure. However, current price action shows that ETH might be set for a price rebound in the short term.

Chart Pattern Hints At A Recovery For Ethereum

In an X (formerly Twitter) post, Ali Martinez, a seasoned technical expert and trader, highlighted a bullish development in the Ethereum chart. The expert has pointed out the formation of a key chart pattern, which could reignite upside momentum and push ETH toward key resistance levels.

Delving into Ethereum‘s recent price action, a Parallel Channel pattern has emerged in the 1-day time frame. Specifically, a parallel channel is a technical chart pattern created by connecting highs and lows with two parallel trendlines. This chart formation helps investors and traders determine the potential entry and exit points in a cryptocurrency’s price.

Presently, Ali Martinez noted that the altcoin is testing the lower boundary of the key pattern, where it may secure enough strength to transition to the upside. In the event that the pattern triggers a bounce for ETH to reclaim the $2,350 level, it will fuel a strong recovery toward $3,000 and $4,000.

As the asset tests the pattern’s lower boundary, it shows that ETH is at a pivotal junction as it gears up for its next move. With ETH hovering near key resistance levels, bullish momentum continues to build, raising the possibility of a rebound for a crucial breakout.

Investors Cut Back Their Exposure To ETH

Amid the bearish movements, on-chain data is showing a decrease in ETH exposure among investors. A recent report from on-chain data and financial platform Glassnode reveals that Ethereum investors actively managed their exposure during this turbulent period.

Ethereum retraced to the $2,050 area following a surge to about $2,500, levels last seen in November 2023, probably contributing to the current shift in investors’ behavior. Looking at Glassnode’s chart in the 3-month view, there is robust engagement from investors with an initial cost basis at the $3,500 mark. 

Data shows that these holders diligently reduced their exposure throughout February as they stepped in at the local top at $2,500 and the bottom at $2,050. Furthermore, these holders have reduced their initial cost basis by about 10% and currently hold over 1.75 million ETH at $3,200.

Even as Ethereum’s price declines, this trend has continued. On March 1, Glassnode noted that 500,000 ETH were purchased at $2,200 but were promptly redistributed at the $2,500 local top.

Meanwhile, the $2,800 mark is the first major resistance barrier, where 800,000 ETH has been accumulated. Glassnode expresses much importance to this level as a price recovery is likely to occur in this area.

Featured image from Unsplash, chart from Tradingview.com