- Robinhood launched tokenized OpenAI shares on Arbitrum for EU investors without OpenAI’s approval or partnership involvement in the initiative.
- OpenAI publicly denied authorizing the tokens, stating equity transfers require its explicit consent which was never granted previously.
Robinhood launched tokenized versions of U.S. stocks for European clients. The offering includes over 200 equities deployed on Arbitrum blockchain. Microsoft, Nvidia, and OpenAI shares appear among the tokenized assets. Blockchain records confirm minting costs averaged three cents per token.
OpenAI publicly rejected association with this initiative. The company posted: “These ‘OpenAI tokens‘ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it.” OpenAI emphasized any equity transfer requires its explicit approval.
“These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it,” OpenAI posted on X on Wednesday. “Any transfer of OpenAI equity requires our approval—we did not approve any transfer.”
Elon Musk responded to OpenAI’s statement. Musk wrote “Your ‘equity’ is fake” on social media. This remark aligns with Musk’s longstanding criticism of OpenAI’s corporate structure. Musk did not address Robinhood’s tokenized SpaceX shares in his comment.
Your “equity” is fake
— Elon Musk (@elonmusk) July 2, 2025
Robinhood CEO Vlad Tenev clarified the tokens’ nature. He stated: “Stock token giveaways are not technically equity.” Tenev explained these tokens provide retail investors exposure to private assets. He noted multiple private companies expressed interest in joining tokenization efforts following the launch.
At our recent crypto event, we announced a limited Stock Token giveaway on OpenAI and SpaceX to eligible European customers. While it is true that they aren’t technically “equity” (you can see the precise dynamics in our Terms for those interested), the tokens effectively give…
— Vlad Tenev (@vladtenev) July 2, 2025
Other exchanges offer comparable products. Bybit and Kraken provide tokenized stocks through Backed Finance’s xStocks. Over 60 equities trade across these platforms and Solana-based decentralized exchanges. The Securities Industry and Financial Markets Association urged the SEC to reject such products lacking transparent approval processes.
Robinhood’s tokenized stocks remain accessible exclusively to European investors under current regulations.
Worldcoin (WLD) is trading at $0.938 USDT, posting a −0.64% daily decline, despite a +6.00% weekly gain. The broader trend remains bearish with a −21.19% monthly drop, and deep drawdowns over the medium term: −61.14% over six months and −55.17% year-to-date. On a 12-month horizon, WLD has declined −58.85%, underlining the volatility and risk sentiment surrounding biometric-linked crypto assets.
WLD is consolidating within a descending channel, trading just below key resistance at $1.00, while holding support around $0.92–$0.94. The token has attempted several breakouts above this range in recent weeks, but each has been met with profit-taking or exhaustion.
Multiple traders on TradingView are tracking a potential falling wedge breakout, with upside targets around $1.15–$1.22, if bulls reclaim the $1.00 level on volume. However, failure to hold the $0.90 support could re-expose WLD to the $0.75–$0.80 range.
- Worldcoin raised $135 million in a token sale to a16z, Bain Capital Crypto, and other institutional investors, signaling confidence in the project’s long-term biometric identity ambitions.
- Reddit is reportedly exploring adoption of Worldcoin’s “Orb” biometric verification tech for account security and bot prevention, though this remains unconfirmed and speculative.
- The token is now supported on Kalshi and Kraken, expanding accessibility in prediction markets and centralized exchanges.
- ETHNews analysts highlight that smart money holdings in WLD remain low, despite public investments—raising concerns about real adoption and usage of the token versus headline-level hype.
The WLD community continues to drive speculation around a $30+ long-term target, though such projections are not backed by consistent technical strength or real-world integrations yet.
Robinhood Markets Inc. (HOOD) is trading at $94.04 USD, with a sharp −4.02% daily decline, erasing a portion of recent gains. Despite today’s pullback, the stock remains exceptionally strong on longer timeframes: +11.51% over the past 5 days, +35.05% monthly, +144.94% YTD, and a massive +320.49% over the past 12 months — clearly reflecting a breakout growth phase.
HOOD is currently undergoing a technical correction following a sharp uptrend. After reaching local highs near $100, price action formed a shooting star above Bollinger Bands, suggesting temporary exhaustion.
The immediate support lies at $90.00, followed by a key structural level around $84.50. A confirmed move below $90 could indicate a short-term double top and prompt deeper retracement toward $80.00–$83.00, while recovery above $95 would revalidate momentum to retest $100 and challenge $110–$115.
- Robinhood was excluded from the S&P 500 index, which triggered a sharp selloff and erased much of Thursday’s +6% gains. The market viewed the exclusion as a temporary setback to institutional demand.
- CEO Vlad Tenev announced major tokenization plans, stating that Robinhood will integrate crypto infrastructure to tokenize thousands of real-world assets, including equities and commodities, establishing the company as a hybrid DeFi–TradFi platform.
- Robinhood recently settled lawsuits with investors for misleading communications around commission-free trading and payment for order flow (PFOF), dating back to 2016–2020. Although the legal overhang is now reduced, reputational risks persist.
- Analysts remain divided: some forecast price targets of $135–$150 based on rate cut optimism, buybacks, and growth in European markets. Others warn of a parabolic blow-off top, urging caution given the high P/E ratio of 52.70.
- On-chain and retail metrics suggest increased engagement, especially following HOOD’s listing of crypto meme assets, Solana integration, and expansion of tokenized financial products and derivatives.
The medium-term bias remains bullish unless price fails to hold above the $90 support. Investors are advised to watch earnings (expected July 30, 2025) and regulatory updates as catalysts for the next leg.
