This article is based on "Morning Minute," a daily newsletter written by Tyler Warner for Decrypt. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

Robinhood used its HOOD Summit in Houston on Tuesday night to announce more new products at once than it has in years: crypto perpetual futures, weekend stock trading, AI agents that place trades, contracts on company earnings, longer options hours, expanded intraday margin, and a social trading app. Nearly all of it is aimed at one group: active traders. Read together, the slate sketches a platform built for people who move between stocks and crypto rather than treating them as separate audiences.

Perpetual Futures Come to U.S. Customers

Bitcoin and ether contracts will offer up to 10x leverage, with other assets starting at 3x, delivered through Robinhood Derivatives and Bitstamp (not Lighter). Perpetual futures — leveraged contracts with no expiry date — have long been the workhorse of crypto leverage trading on offshore exchanges, which U.S. customers have mostly had to access through overseas platforms. Robinhood's head of U.S. futures products said traders want leverage, but the company chose to start safer on smaller coins.

Stock Trading Goes 24-7

Robinhood launched round-the-clock trading in 2023, but it still stopped on weekends. Now a selection of stocks and ETFs will trade around the clock, including Saturdays and Sundays, through an alternative venue called Bruce ATS — closing the last gap between stock and crypto trading schedules. Alternative trading systems match orders outside the primary exchanges, which is what makes weekend sessions possible. For active traders, weekend developments can be met with equity orders in real time rather than waiting for Monday's open.

AI Agents That Trade for You

Users can create an agent inside the app, pick a model from OpenAI or Anthropic, and give it its own trading account to research markets and place trades. A feature called Loops lets users set standing instructions the agent acts on its own when conditions are met. More than 150,000 agent accounts already exist, dating back to when Robinhood opened its systems to outside AI earlier this year — an adoption base built before Tuesday's formal unveiling. The separate-account structure keeps agent activity distinct from a user's main portfolio.

Earnings Contracts via Cboe

Through Cboe, users will be able to trade on whether a company hits a specific number — revenue, earnings per share, or, in Apple's case, iPhone sales. The event-style format turns a single reported metric into a tradable outcome, the same mechanics that power prediction markets.

Robinhood Social Goes Live

Robinhood announced that its Robinhood Social app is now live inside the company's main app, throwing its hat into the ring alongside Fomo and Pump in the hottest new niche in onchain trading. Robinhood's product vice president described the destination as a single account where users can sell stocks, buy crypto, sell crypto, and trade prediction markets without thinking about which one they are in. It is, by that description, the definition of the "everything app." Which of these products becomes Robinhood's breakout remains to be seen.

Crypto and Macro Markets

Crypto majors chopped, mostly flat, ahead of key economic data:

• BTC -0.4% at $83.9k
• ETH -1% at $2,700
• SOL even at $120
• HYPE -2% at $86.60
• ZEC +1% at $1,427

Top alt movers included QNT (+23%), ZRO (+10%), NEAR (+9%) and PUMP (+4%). Oil fell 1% to $91, while gold gained 0.75% to $4,211. Stock futures were slightly red ahead of the data: the Dow -0.15% and the Nasdaq -0.3%.

Bitcoin is up 7.33% in September, narrowly ahead of 2024's 7.29% for the best September on record — a notable mark for a month that has historically been among Bitcoin's weakest. It needs to close above roughly $83,600 to hold the title.

Elsewhere across crypto and finance:

• Cboe and S&P Dow Jones extended their S&P 500 options deal through 2051 and said they work on tokenized options contracts.
• Blockchain.com is targeting a $500 million IPO this year at a valuation of up to $6 billion, after filing confidentially with the SEC earlier in the year.
• Aztec brought zk.money back to Ethereum, a wallet that hides payment amounts, balances, and recipients using readable names like bob.zk.money.
• Zcash developers started moving Tachyon code into the software behind its faster private payments, tying the November upgrade to its larger scaling plan.
• HSBC named its Hong Kong dollar stablecoin RedCoin — stablecoins being tokens designed to track a fiat currency's value — with a launch planned before year-end through its PayMe app and mobile bank; it starts with person-to-person and merchant payments, then expands to corporate use.
• The Bitget attacker moved about $3.9 million of stolen Zcash into the coin's private pool on Wednesday morning, where senders, recipients, and amounts are hidden.

ETFs and Corporate Treasuries

The Bitcoin ETFs saw $66 million in net inflows on Tuesday; the ETH ETFs saw $3 million in outflows, and Solana had $5 million in inflows.

Bitwise launched the first U.S. spot NEAR ETF, trading on NYSE Arca under the ticker NRR with a 0.75% fee, waived on the first $500 million for three months. The fund stakes its tokens and keeps about a third of the rewards, bringing staking mechanics inside a regulated ETF wrapper.

Meme Coin Tracker

Meme leaders were slightly green: DOGE even, SHIB even, PEPE +2%, PENGU +6%, TRUMP +2%, SPX +3% and BONK +10%.

Robinhood chain leaders were mostly red after no meme mentions on day one of the HOOD Summit: Pons +6% to $384M; AI -11% to $186M; Cashcat -2% to $172M; Hookr +43% and VRAX +300x were the top movers.

Solana's top movers were led by SI +100%, Arthur +40x and Stonk +20%; Ansem -10% to $140M.

Token, Airdrop and Protocol Tracker

Pump led onchain protocols in revenue again on Tuesday with $2.26 million, followed by Hyperliquid at $1.82 million, then Collector Crypt at $760,000. Stonk rebounded with $1.16 million in revenue on the back of SI soaring to $50 million.

Kalshi, the regulated prediction-market platform, is in advanced talks to raise about $1 billion at a valuation near $40 billion, with Sequoia and Wellington in talks to lead and Tiger Global and Dragoneer possibly joining.

NFTs

NFT leaders were mixed: Punks -1% at 33.49 ETH, BAYC -1% at 6.14 ETH, Pudgy +3% at 3.29 ETH. Cashcats (+43%) and Milady (+12%) led the top movers.