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Quick Take OpenAI slammed Robinhood for offering tokenized versions of its private company shares, stating “we did not partner with Robinhood, were not involved in this, and do not endorse it” on X. On Monday, Robinhood’s CEO said the firm would offer “stock tokens,” or tokenized shares of private company equity, for over 200 firms including OpenAI and SpaceX to European Union users.
Quick Take Standard Chartered Head of Global Digital Assets Research Geoffrey Kendrick expects bitcoin to hit $135,000 by the end of September and has reaffirmed his $200,000 year-end target. Robinhood minted 213 U.S. stocks on Arbitrum for just $5 in total gas fees as it gears up to launch tokenized equity trading for EU users.
Quick Take Hut 8 signed five-year capacity contracts with the Ontario Independent Electricity System Operator (IESO) for four of its natural gas-fired power plants. The move represents the growing integration of Bitcoin mining facilities into existing grid operations and the expanding business lines.