Robinhood's Strategic Expansion and Industry Reshuffles Signal Market Dynamics

Robinhood has finalized its acquisition of the cryptocurrency exchange Bitstamp for $200 million, broadening its footprint across Europe, the United Kingdom, and Asia. The Ethereum Foundation is undergoing a restructuring in its research and development department, trimming staff to focus on Ethereum's scaling solutions and enhancing user experience. Coinbase was aware of a client data leak that occurred several months prior to its official disclosure, with potential damages estimated at $400 million; subsequently, over 200 staff members from the outsourcing firm TaskUs were dismissed following the incident. ARK 21Shares announced a 3-for-1 stock split for its Bitcoin ETF scheduled on June 16 to facilitate investor access. Additionally, Tether and Bitfinex combined invested in Twenty One Capital with a total of 21,000 BTC. In ETF market developments, there was a net withdrawal of $267.5 million from spot Bitcoin ETFs yesterday, whereas Ethereum ETFs experienced inflows of $78.2 million.