Crypto Recap February 9: US Unrest and Robinhood looking to buy back their own FTX shares

In this video, Axel discusses the latest developments in the cryptocurrency market. It does this using reporting and technical analysis. This way you will be up to date with the latest major crypto-related events within minutes. It’s time to take a look at the latest news.

In the video above, Axel informs you within a few minutes about all kinds of news and developments in the cryptocurrency market. This time Axel is talking about the United States. After rumors about possible strike bans, there is unrest.

In addition, Axel talks about the American Robinhood Markets Inc. This company plans to buy back 55 million shares of its own company from FTX.

Robinhood wants to buy back shares

FTX bought shares of Robinhood through Emergent Fidelity Technologies in May 2022, but the cryptocurrency exchange went bankrupt and the shares were confiscated. In its latest earnings report, Robinhood Markets Inc. claims the shares are worth $550 million.

American Robinhood’s earnings report explains why it plans to buy back its own shares: “The proposed share repurchase underscores the confidence that the board and management team have in our company.”

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