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Today in crypto, Bernstein analysts said Robinhood’s prediction market earnings could leapfrog crypto, Elon Musk warned that more than 200 AI cloud providers face failure or consolidation as financing tightens and China set a 2030 target for completing its national blockchain network.
Bernstein analysts expect prediction markets to become one of the incremental earnings drivers for trading platform Robinhood Markets (HOOD), potentially surpassing its crypto-derived revenue.
Prediction markets could drive up to $1.7 billion in business for Robinhood by 2028, surpassing the projected $1.6 billion in crypto-based revenues for that year, according to a Bernstein analysts’ forecast shared with Cointelegraph on Monday.
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