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Bitcoin Jobs-Data Drop, Coinbase Perps & South Korea's Tokenisation Roadmap
Audio is available on Spreaker — see link below.
Bitcoin slid to $79K after a blowout jobs report crushed rate-cut hopes, while Coinbase filed for equity perpetuals and South Korea mapped a three-phase tokenised securities rollout. Plus: FinCEN logs $12.7B in Southeast Asian fraud flows and Robinhood Chain's sequencer silence deepens.
Audio is available on Spreaker — see link below.
Robinhood Chain went dark on September fourth. For fourteen minutes, the network stopped producing blocks entirely, halting transaction confirmations for every user on the platform.
The outage landed in the middle of an existing debate about the chain's competitive position. Solana co-founder Anatoly Yakovenko publicly criticized Robinhood Chain's congestion-driven fees, contrasting them with Solana's sub-cent transaction costs.
Away from infrastructure risk, macro conditions delivered a separate jolt. Bitcoin fell from above eighty-one thousand dollars to seventy-nine thousand two hundred after August's jobs report showed a hundred and sixty-two thousand new positions added, nearly tripling Wall Street expectations of around fifty-five to fifty-eight thousand.
South Korea's Financial Services Commission clarified its tokenized securities timeline. Phase One launches February fourth, twenty twenty-seven, covering institutional money market funds, private bonds, unlisted equity trusts, and fractional products.
Coinbase filed with the SEC on September third to offer equity perpetual derivatives in the US. CFTC approval is still required before American traders can access the product, but the filing itself shifts the competitive frame.
The sequencer risk on Robinhood Chain is the unresolved question this cycle. Until they explain what failed and publish a recovery plan, the reliability of a forty-seven billion dollar DEX running on a single point of failure stays in question.
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