Odaily Evening News

1. Down 85% from peak, Robinhood Chain revenue falls below $1 million for three consecutive days;

2. Robinhood co-founder pens long-form piece on stock tokenization: putting stocks on-chain does not change underlying attributes, and stock issuers have no right to block it;

3. Profiting approximately $14.22 million, a highly profitable whale reduced 9,976.46 ETH long positions and again placed buy orders;

4. Hong Kong IPO market is booming, with over HK$360 billion raised so far this year;

5. WSJ: U.S. stocks rebound as market accepts Fed rate hike expectations, 10-year Treasury yield approaches 5%;

6. Canadian financial regulator determines tokenized deposits have the same legal status as traditional deposits.