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š Bitcoin as the Premier Inflation Hedge According to Paul Tudor Jones
In a recent interview with the Invest Like the Best podcast, billionaire investor Paul Tudor Jones declared Bitcoin the most effective hedge against inflation, surpassing gold. He argues that unlike gold, which sees annual supply increases, Bitcoinās supply is capped. Highlighting the 2020 market surge as an example, he stated, “Bitcoin is unequivocally the best inflation hedge – more than gold,” emphasizing its potential during periods of significant monetary and fiscal stimulus.
Regarding equities, Jones expressed caution, comparing current S&P 500 valuations to those seen during the 2000 dot-com bubble. The market cap relative to GDP stands near historic peaks. He warned that making money in stocks over the next decade could be challenging and suggested a significant market correction might exacerbate federal deficits by reducing capital-gains tax revenues and destabilizing the bond market.
š Robinhoodās HOOD Stock Declines Following Crypto Revenue Drop
On Tuesday, Robinhood reported its Q1 2026 results, which fell short of estimates in both revenue and income. Total revenue was $1.07 billion versus a projected $1.14 billion. Net income reached $346 million ($0.38/share), slightly missing expectations by one cent. The stock dropped 6% after hours, with a further 10% decline in premarket trading.
The shortfall can be attributed to a significant drop in crypto transaction revenue, which decreased by 34% quarter-over-quarter and 47% year-over-year, mirroring Bitcoinās 22% price fall during the same timeframe. Despite this, other sectors like prediction markets, futures, and index options recorded record volumes in Q1, with equities and options experiencing double-digit growth. However, HOOD’s revenue remains closely tied to BTC prices, having tracked BlackRockās IBIT more than the S&P 500 throughout most of 2026. A potential recovery in crypto prices in Q2 could positively impact future results.
š„ Pump.fun Implements $370M Token Burn with New Buybacks
Pump.fun conducted a major token restructuring on Tuesday, burning approximately $370 million worth of $PUMP tokensāequivalent to about 36% of the circulating supply. This burn covered all tokens accumulated from nine months of complete revenue buybacks.
Simultaneously, Pump introduced a new programmatic buy-and-burn scheme for PUMP tokens using 50% of its revenue. An irreversible smart contract will allocate half of all net revenue from the Bonding Curve, PumpSwap, and Terminal into automatic open-market buys and burns over the next year. The remaining funds will support operations and growth.
In recent years, Pump has achieved significant success but faced skepticism about how buyback tokens would be utilized. This new burn aims to eliminate such uncertainties (at least temporarily).
š¤ CFTC Adopts AI for Crypto Application Reviews
CFTC Chairman Mike Selig informed CoinDesk that the agency is developing AI tools to streamline crypto registration applications and enhance market surveillance, a response to workforce reductions under Trump. Currently, the application review process is entirely manual but will soon incorporate AI to highlight incomplete submissions and provide faster feedback.
Selig highlighted the joint CFTC/SEC digital asset taxonomy guidance as his most impactful initiative, signaling increased regulatory scrutiny on prediction markets. Despite having fewer staff than the SEC, which oversees a broader scope of assets, the CFTC is expanding its reach to include crypto, prediction markets, and derivatives. AI aims to bridge this resource gap.
šŗšø Polymarket Aims to Re-enter the U.S. Market
Polymarket is engaging in discussions with the CFTC to lift a ban on U.S. traders from its main international platform, as reported by Bloomberg Tuesday. This restriction followed a 2022 settlement where Polymarket paid a $1.4 million fine and agreed to cease operations in the U.S. after running an unregistered event contract facility.
A separate U.S.-focused Polymarket platform gained CFTC approval in November after acquiring a registered exchange, though it has yet to launch fully. A CFTC vote is necessary to lift the ban. With four commission seats vacant, Chairman Selig, as the sole sitting commissioner, could streamline the approval process. If approved,Polymarket’s main platform would directly compete with Kalshi in the U.S. market for the first time.
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