AMC Entertainment CEO Adam Aron has urged Robinhood to halt trading of tokenized AMC shares, saying AMC has no connection to, authorization of or endorsement of the product. Aron questioned the tokens’ legality and said outside securities counsel is reviewing the matter. Robinhood CEO Vlad Tenev responded, “What’s the concern?” Robinhood documents describe the tokens as tokenized debt securities that provide economic exposure to AMC shares without ownership rights. Meanwhile, Robinhood Chain meme token MEME, paired with tokenized AMC in a liquidity pool, surged to about $125.6 million in market value, briefly reaching $151.2 million.
The U.S. August jobs report is due today, with markets expecting 55,000 new payrolls and…
Morgan Stanley expects the Federal Reserve to keep interest rates unchanged despite Chair Kevin Warsh’s…
After months of consolidation, the crypto markets are reviving with strong bullish action. Bitcoin has…
Citi expects Apple’s iPhone 18 lineup to launch September 9, led by its first foldable…
The CLARITY Act has hit another pause as the U.S. House cancels two weeks of…
New ICODA research, conducted in partnership with Semrush, their official partners, tested how ChatGPT and…
