Multicoin Capital · 586

Multicoin partner says STRC dividends are too low to re-anchor with BTC's rebound

Comparing news, Multicoin Capital co-founder Tushar Jain said that despite the sharp rise in BTC, STRC has not been re-anchored because its dividend level is too low. STRC was once promoted as a fixed income product, but experienced a sharp retracement of around 30%. Tushar Jain pointed out that if investors were to bear the risk of such a retracement, STRC's yield would have to increase significantly in order to adequately compensate for these risks.

17h ago

Multicoin Capital transfers $14.54 million HYPE to Coinbase, or ready to sell

According to Onchain Lens monitoring, Multicoin Capital's associated wallet transferred 197,560 HYPES worth about $14.54 million to Coinbase in the past 9 hours. The transfer address is: 0xca292baab13a6b97fc83bb142e689440fd0812b8 Due to the flow of funds to a centralized trading platform, on-chain analysts believe that this operation may be used for sale. Previously, Multicoin Capital also transferred HYPE to Coinbase several times, drawing the market's attention to institutional position reduction.

19h ago

An artificial bull market? Crypto executives gather for the first meeting of the US CFTC Innovation Advisory Committee

Comparing news, the cryptocurrency sector has been picking up for three consecutive days. Bitcoin once surpassed $75,000 this morning and now remains near the $74,500 mark. Following US President Trump's intensive favorable remarks on the cryptocurrency sector this Wednesday, the first meeting of the US Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee was held this Thursday, presided over by CFTC Chairman Michael S. Selig and others. A large number of founders and executives in the cryptocurrency field appeared on the conference list. These include: Coinbase CEO Brian Armstrong; Uniswap Labs CEO Hayden Adams; Polymarket CEO Shayne CoplanRipple CEO Brad Garlinghouse; a16z Crypto Managing Partner Chris Dixon; Co-Founder of Multicoin Capital Tushar Jainkalshi Co-founder Luana Lopes Lara; Chainlink Labs CEO Sergey Nazarov; Gemini CEO Tyler WinklevosSkraken Co-CEO Arjun Sethi; Robinhood CEO Vlad Tenev; Solana Labs CEO Anatoly Yakovenko; Representatives of companies such as Anchorage Digital, Grayscale, OKX, and Consensys. Traditional financial institutions and exchange executives (such as CME Group, Cboe, Nasdaq, ICE, etc.) also attended. The conference focused on topics such as the evolution of crypto regulation, artificial intelligence, and predictive markets. The U.S. CFTC Innovation Advisory Committee (IAC) was formally established on January 12, 2026. On the same day, CFTC Chairman Michael S. Selig announced the launch of the committee and changed its name from the original Technology Advisory Committee (Technology Advisory Committee) to provide advice to the committee on innovative topics such as fintech, crypto assets, and artificial intelligence.

1d ago

Multicoin Capital Co-Creation: Pre-IPO perpetual futures should be launched to allow ordinary US investors to share the AI wealth feast

Comparing news, the first US CFTC Innovation Advisory Committee was held this morning. Multicoin Capital co-founder Tushar Jain put forward three suggestions at the meeting. First, it provides a safe haven or innovative exemption mechanism for emerging markets such as computing power derivatives, and allows developers to test new products and business models under a compliance framework. Second, support DeFi's adoption of compliant privacy and confidentiality tools to ensure the privacy of institutional investors' transactions while providing sufficient transparency for regulators to identify and manage systemic risks. Third, support the launch of pre-IPO perpetual futures (pre-IPO perpetual futures), so that ordinary US investors can participate in wealth growth in emerging industries such as AI, and avoid being excluded due to restrictions on private equity market access, or being forced to participate indirectly through special purpose carriers (SPVs) that lack transparency. At the same time, Jain said that he also had discussions with US Securities and Exchange Commission (SEC) Chairman Paul Atkins on the same day, and said he is optimistic about regulators promoting financial innovation and the future development of the US.

1d ago
Multicoin goes long and understands Robinhood's “super money-making machine”

Multicoin goes long and understands Robinhood's “super money-making machine”

Author: Prathik Desai Compiled and edited by: BitPushNewsMultiCoin Capital General Partner Shayon Sengupta recently revealed on the Hood House podcast that the agency is making every effort to expand Robinhood (HOOD), and HOOD has now become the agency's largest stock position in the open market. I used to call Robinhood a “financial supermarket” because it satisfies every financial need of Americans under the same roof, because its newly launched blockchain itself doesn't require huge revenue, as long as it can connect more than a dozen of its businesses and cross-sell all kinds of products to its 28 million+ financial account users. I still think this argument is in the right direction, but it is underestimated in terms of scale. As I sat more than half of the planet watching Robinhood's second-quarter earnings call, it made me feel that the “financial supermarket” concept even underestimated the height the company could reach next. A supermarket's prosperity depended on attracting more people to its doors; Robinhood's second-quarter performance showed that its boom came from having the same group of people who originally opened the Robinhood app to buy product A, buy more A, buy A more often, and are increasingly interested in buying products B, C, and D on Robinhood. Precisely because the company was able to do this, it has continued to thrive even though it hasn't recently attracted a large number of new users to get started for the first time. This article will reveal to you the “machine” at the bottom of the Robinhood supermarket — how it turns every customer into a higher-density revenue node over time; and why the two lowest-margin projects the company launched (or about to launch) this year — blockchain and the built-in social Robinhood Social — may be the most important core puzzle. Evaluation Criteria In just 5 years since the public listing and 11 years since the app went live, Robinhood's annualized revenue has already broken the $5 billion mark. By contrast, brokerage giant Charles Schwab (Charles Schwab) took nearly 30 years to generate $5 billion in annual revenue since it opened in 1971. One of the biggest drivers of Robinhood's revenue is its vast distribution network with 30 million funding accounts. It has an extremely rich product line, from memecoin (memecoin) transactions to gold and retirement accounts, catering to all ages and classes. For most businesses, these metrics have long demonstrated strong distribution capabilities. However, the company doesn't intend to use these metrics to measure its progress. At the beginning of the earnings call, Robinhood Chief Financial Officer (CFO) Shiv Verma told investors that the company should be evaluated based on three metrics: net deposit amount, Rule of 40 (Rule of 40), and number of business lines with an annualized revenue operating rate (ARR) of at or above $100 million. In the second quarter of 2026, Robinhood's desktop trading and analytics platform Legend and Credit Card (Credit Card) became the latest business lines to join the “$100 Million ARR Club.” Currently, the company has 13 business lines on this list. , @Q2Earnings但让我们先放下这些宏观指标, let's take a look at some more microscopic data. By the end of the second quarter of 2026, Robinhood's capital customers had increased 7% year over year, from 26.5 million to 28.4 million. Average revenue per user (ARPU) soared 24% from $151 to $187 over the same period. Revenue from a single customer is growing more than three times faster than the customer base. The transaction data also reflects this. Based on individual clients' trading volume in the second quarter, Robinhood showed that the nominal volume of shares per trader increased 56% year over year, while the number of options contracts per trader increased by 43%. However, the number of customers trading stocks only increased by 13%, and the number of customers trading options increased by only 3%. @Q2Earnings...

23d agoWendy#Coinbase #Multicoin Capital #Robinhood

HYPE sell-off hits again, Multicoin Capital unpledges 1.97 million HYPE units, or approximately $108 million

Comparative news, according to EmberCN monitoring, after Multicoin Capital transferred 395,000 HYPE ($37 million) to Coinbase a week ago, it continued to make more HYPE pledges and redemptions. Early this morning, 1.97 million HYPE units ($108 million) were successfully withdrawn from the pledge after a 7-day unpledge period. Of the successfully redeemed HYPE, 86,000 ($4.78 million) were transferred to Coinbase Prime 3 hours ago. Notably, HYPE has dropped 10% over the past week.

24d ago