BBX: Japanese infrastructure builder innovates fundraising, Robinhood's Q3 earnings report falters.

According to BBX, yesterday's global business ecosystem presented a starkly contrasting picture regarding the acquisition paths and end-user activity of crypto assets. On one hand, infrastructure developers were completely abandoning fiat currency in order to obtain underlying liquidity; on the other hand, US stockbrokers, which had previously thrived on retail trading, suffered significant financial setbacks due to the decline in crypto popularity. —Asset swap: A Japanese Bitcoin industry company completed an 840 million yen third-party share placement, making history by requiring 100% physical delivery in Bitcoin, investing heavily in the Lightning Network. —Retail recession: Robinhood (NASDAQ: $HOOD) Q3 crypto transaction revenue plummeted 55% year-over-year, dragging down overall EPS, and its stock price fell more than 7% in after-hours trading. The market is showing a clear dual evolution trend: "Web3 entities are using equity financing tools to directly replace crypto spot assets to build underlying liquidity" and "traditional retail brokerages are facing structural pressure on their main business due to the decline in retail investors' enthusiasm for crypto trading". Source: bbx.com