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Robinhood Shares Fall After Wells Notice From SEC; Crypto's Guard Against Hacks

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'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Robinhood (HOOD) shares fell about 2.5% in premarket trading after its crypto arm received a Wells Notice from the SEC.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Robinhood shares fell about 2.5% in premarket trading after its crypto arm received a Wells Notice from the SEC. Plus, new findings from Visa and data platform Allium Labs show that more than 90% of stablecoin transaction volumes aren’t coming from genuine users.Robin Hood receives a wells notice from the SEC and a new group to guard against hacks.

According to a report codeveloped by Visa, more than 90% of stablecoin transaction volumes aren't coming from genuine users out of about $2.2 trillion in total transactions in April, just 149 billion originated from organic payments activity. The analysis removed transactions done by bots and large scale traders to quote isolate those made by real people. Visas head of credit.

 

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