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On July 18, Rezaei, an advisor to Irans Supreme Leader, stated that if the United States continues its attacks in the next two to three days, Iran will abandon its previous strategy of deterrence and reciprocal retaliation, shifting to a phase of "full-scale offensive and destruction," and may directly strike US military bases and personnel abroad. He claimed that Irans previous restraint was to avoid spillover of regional conflict, but the USs "miscalculation" could escalate the situation. Rezaei also called on Kuwait, Jordan, Qatar, the UAE, and other regional countries and governments to stop the US and Israel from expanding their operations, stating that the USs strategy of "simultaneous war and negotiation" has failed, and Iran will intensify its counterattacks in the coming days.July 18th - Crude oil futures recorded double-digit gains this week as the US expanded its military strikes against Iranian targets and Iran launched attacks on neighboring Gulf states. Another factor exacerbating concerns about escalating tensions is the possibility that Yemens Houthi rebels may take action to block shipping over the Red Sea; Saudi Arabia has been diverting its crude oil exports via the Red Sea while the Strait of Hormuz remains closed. Barclays analyst Amarpreet Singh stated in a report: "With inventories at near-record lows and most strategic petroleum reserve releases completed, the renewed escalation of tensions around the red line of the Strait poses significant upside risks to energy prices. As things stand, we believe the oil market is still too complacent about the potential impact on inventories."July 18th - According to the Wall Street Journal, sources revealed that SpaceX (SPCX.O) is in talks with the U.S. Department of Defense, hoping to provide the agency with billions of dollars worth of computing power to run artificial intelligence models, further strengthening the partnership between Musks company and the Department of Defense. These negotiations are ongoing but could ultimately fall apart. According to people familiar with the plans, SpaceX has signed similar agreements with Anthropic and Google in recent months and is currently planning a significant expansion of its cloud computing business. Sources also revealed that in recent weeks, SpaceX employees have discussed plans to offer computing power to AI customers at lower prices, thus competing more directly with existing vendors such as CoreWeave.Irans Supreme Leaders advisor, Rezaei, stated that if the US attacks continue for several days, Iran will enter a phase of full-scale offensive operations.SpaceX (SPCX.O) quickly narrowed its losses to 2.6%, after previously falling by more than 6%.

Robinhood To Buy London Based Crypto App as Part of Europe Expansion

Cory Russell

Apr 21, 2022 09:49


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The London-based fintech startup Ziglu is scheduled to be purchased by Robinhood.


Robinhood will grow into the United Kingdom and Europe thanks to Ziglu's crypto capabilities.

After listing Shiba Inu, Solana, and other assets on its platform, Robinhood has made its second significant announcement.


Robinhood sprang to popularity after the GameStop fiasco, but it has since made a reputation for itself in the cryptocurrency area with its cryptocurrency exchange Robinhood Crypto.


As a result, the corporation is now concentrating on merely capitalizing on the current momentum with its actions.

Robinhood Comes to the UK

According to CNBC, Robinhood completed the acquisition of Ziglu, a fintech company located in London that offers crypto trading services for Bitcoin and other cryptocurrencies, yesterday.


This agreement will be critical to Robinhood's efforts to extend its footprint in the United Kingdom and Europe, which the company has been eyeing for some time.


Robinhood was planning to take over these regions two years ago, but had to abandon its ambitions due to a lack of funding, claiming the need to focus on its domestic business rather than growing internationally.


This transaction will be very beneficial to the platform, which has seen a continuous fall in monthly active users in the fourth quarter of 2021, losing over 1.3 million members in only three months.


"Together with the Ziglu team, we'll seek to use the best of both businesses, finding new ways to innovate and break down barriers for clients throughout the UK and Europe," stated Vlad Tenev, CEO of Robinhood, in response to the loss of market share and the possibilities of the new arrangement.

Robinhood's Crypto Attempts

Robinhood's announcement of integrating Shiba Inu, Solana, Compound, and Polygon's tokens to Robinhood Crypto. Ziglu's acquisition is the second most major move made by Robinhood this month.


A few days later, CEO Tenev was quoted as declaring that Dogecoin may become the "Currency of the Internet," claiming that the coin's inflation rate is much lower than that of the USD (Dollar), and that it can attain that position by cutting costs and boosting the number of transactions per second.


As a result, it seems that Robinhood will continue to grow until it becomes a key crypto market participant on a global scale.

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