Digital capital is economically and technologically superior to physical capital, and long-term capital is being transformed into digital capital (bitcoin). Bitcoin offers advantages similar to owning a building, but without the obvious, fixed asset liabilities. For example, there are no taxes, no need to consider transportation, tenants, torts, weather elements, building corrosion, and regulatory agencies. Instead, Bitcoin is intangible, indestructible, perpetual, teleportable, programmable, divisible, convertible, and configurable.
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U.S. crypto stocks were down in pre-market, with: - MicroStrategy (MSTR) down 1.88 percent - BlackRock Bitcoin Spot ETF (IBIT) down 1.98 percent - Coinbase (COIN) down 2.11 percent - Riot Platforms (RIOT) Down 2.63 Percent - CleanSpark (CLSK) down 3.29 percent - MARA Holdings (MARA) down 6.85 percent
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Robinhood's cryptocurrency trading volume reached $14.4 billion in the third quarter, up 112 percent year-over-year, though down from the previous two quarters. Overall revenue for the third quarter was $637 million, missing market expectations of $651 million. Cryptocurrency trading revenue soared 165 percent year-over-year to $61 million, but was down from $81 million in the previous quarter.Robinhood's total assets under custody (AUC) grew 76 percent year-over-year to $152.2 billion, thanks to continued net deposits and rising valuations of both equities and cryptocurrencies.Robinhood reported third-quarter earnings per share of of $0.17, reversing last year's loss of $0.09 per share. Meanwhile, the fan token sector was up, with SANTOS at $7.522, up 125.89% in 24 hours, LAZIO at $1.935, up 27.98%, PORTO at $2.046, up 25.83%, ALPINE at $1.646, up 22.65%, and OG at $7.104, up 15.27%. 15.27 per cent
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