The world’s largest crypto exchange, dogged by regulatory battles
The US has called off a planned attack on Iran after allies and Iran recommended delaying further action to pursue negotiations. Talks are set to begin tomorrow with a focus on Hormuz and denuclearisation, while polls show waning support for continued conflict.
The son of a former president has launched a meme coin, $LAPTOP, on Coinbase’s Base network. Initial trading has been volatile, with prices surging to hundreds of dollars before crashing to single digits. The coin’s supply totals 1 billion, with a portion earmarked for traders who lost money on Trump’s coin and for charity or liquidity needs. Founders must wait six months before selling, with full availability over two years.
Robinhood is expanding beyond trading into wealth management, banking and AI-powered tools as it targets mass-market customers while pursuing higher revenue per user. Executives say the company is building a full financial platform to capture aging and wealthier customers, with retirement accounts and private wealth services in sight.
The US Treasury has assessed $1.2bn in civil penalties against Bank of America for failing to timely report more than $5bn in suspicious transactions, including over $1bn that posed national-security and high-priority risks. The OCC added a $750m penalty; OFAC settled for $11.6m. BofA has said the charge will reduce third-quarter earnings by about 17 cents per share.