Trinity Upgrades DR Terminal with Comprehensive Overseas Stock Data

Robinhood Markets made its first-ever Bitcoin purchase for its corporate balance sheet, buying $25M worth of BTC, according to Johann Kerbrat, SVP and General Manager of Crypto and International. Kerbrat disclosed the buy on Wednesday during an interview at the Digital Asset Summit Asia, saying the move reflects the company's commitment to Bitcoin and the broader crypto ecosystem. The company did not disclose the exact Bitcoin amount, but based on pricing around $84K the purchase is estimated at roughly 294-300 BTC. Kerbrat noted the $25M allocation is relatively small compared with Robinhood's roughly $100B market capitalization, and the exact Bitcoin holdings are expected in the company's next filing. Robinhood stock traded nearly 3% lower at ~$108.91 in the pre-market session.

The SEC granted temporary, conditional exemptive relief on September 17 allowing approved venues to trade tokenized exchange-listed stocks onchain, sending Robinhood Markets Inc. shares up just over 9% on September 18 after a 5% gain the previous session. The relief exempts qualifying venues from the Exchange Act's definitions of "exchange" and, for certain liquidity providers, "dealer," but it requires full shareholder rights including voting and dividends, meaning Robinhood's existing stock tokens, which are synthetic products offering economic exposure rather than actual ownership, do not qualify. The order also lets listed companies object to third-party tokenization within 30 days, a provision directly at odds with the public stance of CEO Vlad Tenev, and the relief remains temporary and subject to public comments, with Coinbase and the NYSE's planned 24/7 digital venue potentially entering the compliant space first. Robinhood traded roughly 31.7 million shares, about 1.37 times its one-month average, though the stock sits about 28% below its 52-week high, with a forward P/E of 45.46x against a sector median of 10.88x. Hedge fund holders rose from 84 at the end of the first quarter of 2026 to 87 at the end of the second quarter of 2026, and short interest stood at 4.54% of float as of August 31, 2026.

HSBC Holdings is planning sweeping job cuts in its UK wealth management business as it seeks to use artificial intelligence to serve wealthy clients more efficiently, the Financial Times reported Wednesday, citing people familiar with the plans. About half of management and specialist roles could be eliminated, while the number of financial advisers may fall by about 70%, according to the FT report. One person described the proposed reductions as "deep, wide and brutal." The bank is in a consultation period over the changes, with affected employees expected to leave at the end of October. HSBC reportedly said it was continuing to evolve its UK wealth business with more digitally enabled products and services to meet changing customer needs, as CEO Georges Elhedery makes AI central to his strategy to simplify the bank. The reductions mark a reversal from a hiring drive launched two years ago to expand the bank's UK wealth and private banking operations.

Former PayPal CEO has launched Evergreen.ai, a new venture offering AI-powered personal financial advice, and says the service will remain free for beta users until January 1, 2028. The founder and CEO told Market Domination Overtime that the platform runs a purpose-built AI dedicated solely to personal financial advice, with all processing kept internal so nothing is trained or sent over the open internet. Evergreen.ai is a registered investment advisor, which he described as a legal obligation to act in users' interest rather than its own. After the beta period ends, the service will become paid and will add features such as investment management and lifetime planning. Beta users are asking most often about equity compensation and early retirement, and the platform includes tools that compare scenarios such as retiring at 65 versus 60.

BlackRock's US head of equity ETFs, Jay Jacobs, said the recent reduction of in-kind transfer minimums to about $2 million has opened the floodgates for investors moving spot Bitcoin exposure into the iShares Bitcoin Trust ETF, ticker IBIT. Speaking on Bloomberg Crypto, Jacobs said the lower minimums have driven a wave of wealth-management clients to reach out about shifting money into IBIT. He said investors are drawn not only by outsourcing custody so they no longer hold Bitcoin directly, but also by the ability to financialize the asset through custom options strategies, hedging, and borrowing against positions. Jacobs said BlackRock has had many conversations about the move from Bitcoin into IBIT and the use of its SpiderRock SMA capabilities for custom options overlays. He described the shift as a major trend in the wealth segment, where clients are increasingly asking not whether to hold more or less Bitcoin but what is the best way to own it in a portfolio.