Huobi Global Weekly Trader's Outlook

HuobiPublished on 2022-10-23Last updated on 2022-10-24

Abstract

A roundup of 10 important news this week and important events that will happen next week.

Here are the top stories of the week:

⠀

1. Keywords: Aptos, APT

Aptos released an overview of Tokenomics, with an initial total supply of 1 billion pieces, and 51.02% of Tokens are allocated to the community.

Mainnet was launched on October 12, 2022. The initial total supply of Aptos tokens (APT) at mainnet was 1 billion tokens. APT will have 8 digits of precision as part of the fraction where the minimal unit is called an Octa.

This pool of tokens is designated for ecosystem-related items, such as grants, incentives, and other community growth initiatives. Some of these tokens have already been allocated to projects building on the Aptos protocol and will be granted upon the completion of certain milestones. A majority of these tokens (410,217,359.767) are held by the Aptos Foundation, and a smaller portion (100,000,000) are held by Aptos Labs. These tokens are anticipated to be distributed over a ten-year period:

125,000,000 APT available initially to support ecosystem projects, grants, and other community growth initiatives now and in the future for the Community category.

5,000,000 APT available initially to support the Aptos Foundation initiatives for the Foundation category.

1/120 of the remaining tokens for the community and the Foundation are anticipated to unlock each month for the next 10 years.

⠀

2. Keywords: Huobi Global, APT

Huobi Global has listed Aptos (APT) on October 19, 2022. APT deposits opened at 14:00 (UTC) on Oct 18. APT spot trading (APT/USDT) opened at 01:00 (UTC) on Oct 19. APT withdrawals opened at 01:00 (UTC) on Oct 21.

⠀

3. Keywords: Sui

The public chain Sui announced that it will carry out a brand upgrade. "Get ready for the Suinami" has now been added to his Twitter profile.

⠀

4. Keywords: BTC

Bitcoin’s movements in relation to other assets may indicate that investors see it becoming a haven again, after a stretch where it’s traded basically as a risk asset, according to Bank of America Corp.

The largest cryptocurrency has a 40-day correlation with gold of about 0.50, up from around zero in mid-August. While the correlations are higher with the S&P 500, at 0.69, and Nasdaq 100 at 0.72, they’ve flattened out and are below record levels from a few months ago. BofA digital strategists Alkesh Shah and Andrew Moss see that as a sign that things could be changing.

“A decelerating positive correlation with SPX/QQQ and a rapidly rising correlation with XAU indicate that investors may view Bitcoin as a relative safe haven as macro uncertainty continues and a market bottom remains to be seen,” the strategists wrote.

⠀

5. Keywords: Ripple, SEC

Ripple's general counsel Stuart Alderoty has just revealed that the U.S. Securities and Exchange Commission has finally complied with the court order to turn over the long-demanded Hinman documents. Alderoty made the revelation via Twitter, celebrating the move as a victory for Ripple as the documents strengthen the blockchain company's legal arguments. He added that the documents are internal SEC emails and drafts of the regulator's former director of corporation finance infamous 2018 speech, are still sealed from the public.

⠀

6. Keywords: Crypto

Hong Kong is moving to reassure businesses that the city’s official stance on cryptocurrencies is separate from that of mainland China, and it is now considering letting exchanges and other intermediaries sell directly to retail investors as it seeks to bring back fintech businesses.

The SFC is now considering allowing retail investors to “directly invest into virtual assets”, Wong said. That would mark a shift from the SFC’s stance over the past four years, which limits crypto trading on centralised exchanges to professional investors – defined as individuals with a portfolio of at least HK$8 million (US$1 million).

⠀

7. Keywords: zkSync

Steve Newcomb, chief product officer of zkSync development team Matter Labs, said in a Twitter Space that zkSync will make an announcement on token economics in early November. In addition, the previous news that zkSync will issue Token in November is a rumor.

⠀

8. Keywords: a16z, crypto fund

The investment results of a16z’s first crypto fund have been exposed. According to The Information, a16z established its first crypto fund in 2018 with a size of 300 million US dollars. It realized some of the gains in last year’s crypto bull market and has now returned three times the original size of the fund to LP.

⠀

Here's what's happening next week:

⠀

1. Cosmos ecological smart contract public chain Juno Network token release volume is expected to be halved on October 24th.

2. The P2E game Axie Infinity token AXS will unlock 21.543 million AXS on October 25, accounting for 7.979% of the total supply (270 million), or about $218 million.

3. The Sandbox will terminate the MATIC/SAND staking pool from October 25th, and will continue the SAND staking pool and the SAND staking pool for LAND owners to reward the community.

4. OpenSea will enable OpenRarity rarity ranking for eligible NFTs on October 25.

5. The Kava 11 Liquid Staking Mainnet will be released on October 26th.

6. Ethereum core developer Tim Beiko said plans for the Shanghai upgrade will be discussed at the Ethereum Core Developers Conference on October 27.

7. Fidelity will offer Ethereum trading services for institutional clients starting October 28.

lly launched on October 28.

13 Business Lines Surpass $100 Million in Annualized Revenue, Robinhood Moves Toward a 'Super Financial App'

Robinhood Q2 2026 Earnings: Record Revenue and a Push Towards a "Super Financial App" Robinhood (HOOD) reported strong Q2 2026 results, with net revenue reaching $1.308 billion, up 32% year-over-year, and net income hitting $561 million, a 45% increase. The company now has 13 distinct business lines each generating over $100 million in annualized revenue. Key drivers included a 44% surge in transaction-based revenue to $776 million, led by a more than 10x growth in "event contracts" (prediction markets) and strong performance in stocks and options. User metrics also grew, with funded accounts rising to 28.4 million and total assets under custody reaching $369 billion. The Robinhood Gold subscription service hit a record 4.8 million users. The report highlights a strategic shift for Robinhood. Moving beyond its core as a zero-commission trading platform for retail investors, it is actively building a broader financial ecosystem. This includes expanding into wealth management (Robinhood Strategies), payments (Robinhood Credit Card), and next-generation infrastructure like AI-powered "Agentic Trading" and its own Ethereum Layer 2 blockchain, Robinhood Chain. The company's goal is to evolve from a trading app into a comprehensive "super financial app," offering a one-stop shop for investing, cash management, and future on-chain finance.

Odaily星球日报31m ago

13 Business Lines Surpass $100 Million in Annualized Revenue, Robinhood Moves Toward a 'Super Financial App'

Odaily星球日报31m ago

13 Business Lines Surpass $100 Million in Annualized Revenue, Robinhood Advances Toward a 'Super Financial App'

On July 30th, Robinhood (HOOD) reported its Q2 2026 financial results, showcasing significant growth with record revenue and profits. The company achieved a net revenue of $1.308 billion, a 32% year-over-year (YoY) increase, and a net income of $561 million, up 45% YoY. This strong performance was driven by robust trading activity and expansion into new financial services. A key highlight was the surge in transaction-based revenue, which rose 44% YoY to $776 million. Notably, income from event contracts (prediction markets) skyrocketed over 10x to $156 million, emerging as a major new growth driver alongside strong gains in stock and options trading. However, crypto trading revenue declined by 38%. Beyond trading, Robinhood is successfully diversifying its revenue streams. User assets grew 32% to $369 billion, and the subscription service Robinhood Gold reached a record 4.8 million users. The company revealed that 13 of its business lines now generate over $100 million in annualized revenue, including its new credit card, prediction markets, and Gold subscriptions. Looking forward, Robinhood is strategically investing in AI and blockchain to build a comprehensive financial ecosystem. It has launched AI-powered "Agentic Trading" and the "Robinhood Chain," a layer-2 blockchain network. The company's vision is evolving from a retail trading platform into a "super financial app" that integrates trading, wealth management, payments, and next-generation digital asset services, though regulatory hurdles remain for some new ventures.

marsbit31m ago

13 Business Lines Surpass $100 Million in Annualized Revenue, Robinhood Advances Toward a 'Super Financial App'

marsbit31m ago

Ethereum Foundation adds SEAL 911 co-founder to board as privacy focus grows

The Ethereum Foundation (EF) has appointed crypto security expert Pascal "pcaversaccio" Caversaccio, co-founder of SEAL 911, to its board of directors. This voluntary one-year appointment aligns with the EF's heightened organizational focus on privacy and security, which it recently deemed "non-negotiable protocol guarantees." Caversaccio is a long-time contributor, a member of the EF's Silviculture Society advisory group, and the author of key documents on Ethereum's cypherpunk ethos and privacy roadmap. The board, which also includes Aya Miyaguchi, Vitalik Buterin, and Patrick Storchenegger, sets the EF's vision and acts as a "security council" to protect its mission. The move underscores the Foundation's commitment to advancing layer-1 privacy, post-quantum security, and Ethereum's self-sovereignty.

cointelegraph56m ago

Ethereum Foundation adds SEAL 911 co-founder to board as privacy focus grows

cointelegraph56m ago

Fed Drops 'Hawkish Bomb' Late at Night: Interest Rates on Hold, Internal Divisions Unseen in a Decade

The Federal Reserve held interest rates steady at 3.50%-3.75% on July 29, marking the fifth consecutive pause since late 2026. While the decision was widely expected, it revealed a significant internal rift. Three FOMC voting members—Hammack, Kashkari, and Logan—dissented, advocating for a 25-basis-point hike. This level of opposition, the first of its kind since 2016, signals persistent hawkish pressure. Chairman Wash, in a post-meeting press conference, delivered a firm message, emphasizing an unwavering commitment to the 2% inflation target and stating the Fed "would not hesitate to act." He announced a substantial shift away from forward guidance, urging markets to interpret economic data independently. Wash also highlighted AI-related capital spending as a key variable, noting its potential dual impact on boosting productivity while potentially pushing up certain prices. Market reaction was pronounced. Stocks fell sharply, with the Dow dropping over 2% for its worst day in 15 months. Long-term Treasury yields surged, with the 30-year yield hitting its highest since 2007, while the dollar weakened and gold briefly rose above $4,100. The combination of internal policy dissent and a shift toward data-dependent communication introduced significant uncertainty into the market outlook.

marsbit58m ago

Fed Drops 'Hawkish Bomb' Late at Night: Interest Rates on Hold, Internal Divisions Unseen in a Decade

marsbit58m ago

After R&D Investment Catches Up with the U.S., Is the Sino-U.S. Chip Competition Still Just About Money?

The article examines the significance of recent data showing China's total R&D expenditure, measured by purchasing power parity (PPP), catching up to or slightly surpassing that of the United States in 2024. It argues that while this milestone reflects China's immense capacity to mobilize research resources, the competition in semiconductors now extends far beyond sheer financial input. The analysis highlights key differences: China's R&D is heavily skewed towards experimental development (over 80%), focusing on product engineering and industrialization, whereas the U.S. allocates a proportionally larger share (about 15%) to basic research. Furthermore, leading U.S. semiconductor firms reinvest a significant portion of their substantial global sales revenue into R&D, creating a sustainable commercial innovation cycle that is difficult to replicate. The article emphasizes that semiconductor progress depends on converting R&D into commercially viable products that pass rigorous customer validation and achieve repeat orders, not just on spending levels. It concludes that as China enters the top tier of R&D spenders, the critical challenges shift to improving resource allocation efficiency, fostering long-term basic research, and building effective mechanisms to bridge the gap between laboratory discoveries and reliable, market-ready industrial capabilities.

marsbit1h ago

After R&D Investment Catches Up with the U.S., Is the Sino-U.S. Chip Competition Still Just About Money?