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Quick Take

• The first bitcoin-based ETFs have finally launched in the U.S. — but they are tied to bitcoin futures, not bitcoin itself. 
• Why are regulators happy to allow futures ETFs but not bitcoin spot ETFs? And what does this mean for issuers still hoping to launch spot ETFs?

The popular trading platform said that the reduced crypto trading activity led to significantly fewer new funded accounts and lower revenue in the third quarter.

Robinhood announced its earnings for the third quarter of 2021, reporting loss of $1.37 billion.

The post Crypto trading slowdown during Q3 results in revenue miss for Robinhood appeared first on The Block.

It’s The Graph’s first non-EVM blockchain and an infrastructure boost for NEAR developers.

Taproot, the Bitcoin blockchain’s biggest upgrade in four years, is coming next month, and cryptocurrency market analysts say the event could highlight the network’s slow-going approach to advancements at a time when development is moving fast on rival blockchains.

The video game store is hiring an Ethereum specialist after teasing an NFT marketplace in May.

Helium is partnering with internet service giant DISH on its quest to build a user-powered wireless network.

According to Helium, the deal announced Tuesday marks the first collaboration between Helium, a decentralized internet network with over 250,000 hotspots, and a major carrier. Seemingly related to the move, DISH is looking to hire a “Digital Currency and Blockchain Product Lead,” according to a Tuesday job post.

“DISH Wireless is building a next-gen 5G network to disrupt the wireless industry and fuel innovation in transportation, health care, education, sustainability, city management and agriculture,” the post said.

Helium’s network connects devices to the internet using LoRaWAN. Because the network is strengthened by the addition of new hotspots, network operators are rewarded in Helium’s native HNT, a token mined by the hotspots themselves.

Helium says it has 3.5 million additional hotspots back-ordered and over 50 new manufacturers waiting to be approved to build and sell Helium-compatible hardware, according to a press release.

The company sees the back orders as a “rolling 12-month forecast” of the company’s growth, Helium Chief Operating Officer Frank Mong told CoinDesk in an interview.

The hotspots are operated in partnership with FreedomFi, a 5G company that specializes in private networks.

Read more: A16z Leads $111M Token Sale for Helium’s HNT

In August, Helium completed a $111 million token sale led by Andreessen Horowitz (a16z), which said it had been impressed by the company’s token-powered growth incentives.

“Using Helium Network’s technology and blockchain-based incentive model, DISH is a pioneer in supporting an entirely new way to connect people and things,” Helium CEO Amir Haleem said in a press release. “The CBRS-based 5G hotspots will be deployed by customers, creating opportunities for users, partners and the entire ecosystem.”

DISH said in a press release it is “no stranger to blockchain,” having accepted bitcoin payments as early as 2014.

HNT stock spiked on the news, jumping from $21.85 to $22.66, according to CoinGecko.

UPDATE (Oct. 26, 14:11 UTC): Adds HNT price reaction.

The crypto exchange is adding to its growing list of sports-related ad buys with a commercial during the biggest sporting event of the year.

Are ILOs going to be the next big thing in lawsuit finance?

The post First tokenized lawsuit fund goes live on Republic, will distribute on Avalanche appeared first on The Block.

The head of the U.S. Federal Deposit Insurance Corporation said Tuesday that the agency is focused on creating “clear guidance” on the intersection between crypto and the American banking world.

The post FDIC chair says the agency is focused on developing ‘clear guidance’ for banks’ crypto activities, stablecoins appeared first on The Block.