Crypto Leads with Bitcoin and Ethereum; Robinhood Stocks Plunge After S&P 500 Removal

The cryptocurrency market shows a positive trend with Bitcoin reaching $108,425, up by 2.16%, Ethereum at $2,572, increasing by 1.97%, XRP at $2.29, up 0.50%, BNB at $659.79, rising 1.13%, and Solana at $156.41, gaining 2.06%. However, stock movement presents a mixed picture. Robinhood's shares plunged after being removed from the S&P 500 index, as the index committee favored other fintech firms over the crypto-focused platform. Meanwhile, American KULR and Paris-based Blockchain Group aim to raise $300 million and $340 million, respectively, for Bitcoin acquisitions. Blockchain Kaia is launching a stablecoin linked to the South Korean won. Strategy has purchased 1,045 BTC worth $110 million. Tether plans to open source its mining software, potentially affecting market infrastructure. Nasdaq has submitted a Form 8-K to SEC to include XRP, SOL, and ADA in its trading, expanding options for institutional investors. Top performers include PCI with an 80.3% increase, REI up 36.1%, and BORA up 29.7%, while EVOLVE, CAR, and BULLA have seen steep declines. Overall, the outlook remains bullish for cryptocurrencies, despite some setbacks in traditional equities.