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CoinDesk 20 Performance Update: XRP and NEAR Help Push Index Upward
XRP and NEAR lead today's CoinDesk 20 gains with 5.6% and 3.3% increases, respectively.
Jul 24, 2024, 1:54 p.m.
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2303.85, up 1.4% (+31.42) since yesterday's close.
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Sixteen of 20 assets are trading higher.
Leaders: XRP (+5.6%) and NEAR (+3.3%).
Laggards: ETC (-2.0%) and UNI (-1.6%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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Robinhood misses Q4 revenue estimates as fourth-quarter results dinged by crypto slump
Crypto revenue fell 38% year over year to $221M, even as the company expanded token listings and crypto features across its platform.
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- Robinhood’s fourth quarter earnings per share of $0.66 topped estimates for $0.63, but revenue of $1.28 billion fell shy of forecasts for $1.33 billion.
- The crypto slump paid a large part in the miss, with crypto revenue falling 38% from a year earlier to $221 million.
- Robinhood’s results mirror broader crypto-market weakness, which is also expected to weigh on rival Coinbase (COIN), and HOOD shares fell about 7% in post-market trading after the earnings release.
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