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Door Remote - 26 Oct 2026
Today in crypto, Bernstein analysts said Robinhood’s prediction market earnings could leapfrog crypto, Elon Musk warned that more than 200 AI cloud providers face failure or consolidation as financing tightens and China set a 2030 target for completing its national blockchain network.
HOOD’s prediction markets to exceed crypto by 2028: BernsteinBernstein analysts expect prediction markets to become one of the incremental earnings drivers for trading platform Robinhood Markets (HOOD), potentially surpassing its crypto-derived revenue.
Prediction markets could drive up to $1.7 billion in business for Robinhood by 2028, surpassing the projected $1.6 billion in crypto-based revenues for that year, according to a Bernstein analysts’ forecast shared with Cointelegraph on Monday.
The analysts expects Robinhood’s prediction market revenue to increase to $1.7 billion in 2028 from about $650 million this year, accounting for roughly 18% of Robinhood’s projected $9.4 billion in total 2028 revenue.
The forecast comes a day ahead of Robinhood’s third-quarter 2026 report and shows that prediction markets are becoming a growing revenue source for the retail-focused trading platform.
Bernstein expects Robinhood’s Q3 revenue to increase 13% quarter-over-quarter to around $1.5 billion, driven by growing equity notional volumes, options volumes, event contract volumes, along with a recovery in crypto trading volume.
Musk warns over 200 AI neoclouds face ‘guppy-level death’Elon Musk warns that over 200 specialist AI cloud providers could fail or consolidate as lenders tighten up their purse strings.
Musk said Sunday on X that lenders had largely stopped providing financing to companies without substantial revenue streams outside AI data centers. He said SpaceX had secured $40 billion in debt financing for GPUs because of its investment-grade status and revenue from its Starlink satellite internet and rocket businesses.
“That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many,” he said.
Musk’s warning follows an October forecast from research firm Gartner that more than 80% of neocloud providers will cease operating independently by 2030, as the industry struggles to generate sufficient returns on massive AI infrastructure investments.
The warnings could also have implications for Bitcoin miners that have pivoted into AI infrastructure. For example, IREN has expanded into AI cloud services, renting computing power to customers, while Core Scientific provides data center hosting for neocloud customers such as CoreWeave.
China targets 2030 for its national blockchain network buildoutChina has set a 2030 target for largely completing a national blockchain network under a five-year digital development plan published Friday.
The 15th Five-Year Plan for National Informatization, which sets priorities calls for deeper blockchain use in trade and finance in the Yangtze River Delta, and deployment at scale in manufacturing and agriculture in the Chengdu–Chongqing region in southwestern China.
Friday’s plan was issued by the Central Cyberspace Affairs Commission, a senior body within the ruling Communist Party that coordinates digital development policy.
The document makes the completion target explicit for a project already included in China’s national development plan released in March. A joint policy from the Communist Party’s central leadership and State Council published on Oct. 9 called for its construction.
HOOD’s prediction markets to exceed crypto by 2028: BernsteinBernstein analysts expect prediction markets to become one of the incremental earnings drivers for trading platform Robinhood Markets (HOOD), potentially surpassing its crypto-derived revenue.
Prediction markets could drive up to $1.7 billion in business for Robinhood by 2028, surpassing the projected $1.6 billion in crypto-based revenues for that year, according to a Bernstein analysts’ forecast shared with Cointelegraph on Monday.
The analysts expects Robinhood’s prediction market revenue to increase to $1.7 billion in 2028 from about $650 million this year, accounting for roughly 18% of Robinhood’s projected $9.4 billion in total 2028 revenue.
The forecast comes a day ahead of Robinhood’s third-quarter 2026 report and shows that prediction markets are becoming a growing revenue source for the retail-focused trading platform.
Bernstein expects Robinhood’s Q3 revenue to increase 13% quarter-over-quarter to around $1.5 billion, driven by growing equity notional volumes, options volumes, event contract volumes, along with a recovery in crypto trading volume.
Musk warns over 200 AI neoclouds face ‘guppy-level death’Elon Musk warns that over 200 specialist AI cloud providers could fail or consolidate as lenders tighten up their purse strings.
Musk said Sunday on X that lenders had largely stopped providing financing to companies without substantial revenue streams outside AI data centers. He said SpaceX had secured $40 billion in debt financing for GPUs because of its investment-grade status and revenue from its Starlink satellite internet and rocket businesses.
“That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many,” he said.
Musk’s warning follows an October forecast from research firm Gartner that more than 80% of neocloud providers will cease operating independently by 2030, as the industry struggles to generate sufficient returns on massive AI infrastructure investments.
The warnings could also have implications for Bitcoin miners that have pivoted into AI infrastructure. For example, IREN has expanded into AI cloud services, renting computing power to customers, while Core Scientific provides data center hosting for neocloud customers such as CoreWeave.
China targets 2030 for its national blockchain network buildoutChina has set a 2030 target for largely completing a national blockchain network under a five-year digital development plan published Friday.
The 15th Five-Year Plan for National Informatization, which sets priorities calls for deeper blockchain use in trade and finance in the Yangtze River Delta, and deployment at scale in manufacturing and agriculture in the Chengdu–Chongqing region in southwestern China.
Friday’s plan was issued by the Central Cyberspace Affairs Commission, a senior body within the ruling Communist Party that coordinates digital development policy.
The document makes the completion target explicit for a project already included in China’s national development plan released in March. A joint policy from the Communist Party’s central leadership and State Council published on Oct. 9 called for its construction.