Trump's Crypto Support Boosts Bitcoin 0.9% MicroStrategy 3.2% Coinbase 2.3% Robinhood's EU Stocks Launch Boosts HOOD 1.6% KeyBanc Target 83% FATF Reports 51 Billion in Crypto Flows to Illicit Wallets Kraken Launches Global Peer-to-Peer Payments App

Bitcoin and crypto-related stocks experienced a surge in value following President Trump's public support for cryptocurrencies. Bitcoin rose by approximately 0.9% to $107,752, while MicroStrategy and Coinbase stocks climbed by 3.2% and 2.3%, respectively. This market optimism was fueled by Trump's crypto-friendly stance and recent bipartisan tax-and-spend legislation, which has been seen as a positive development for the crypto industry.

Robinhood's launch of tokenized U.S. stocks and ETFs for EU users has sparked significant interest and price hikes. The platform now covers over 200 tickers with 24/5 trading and minimal FX fees, making it an attractive option for European investors. This innovation has led to an 83% price-target boost from KeyBanc and helped HOOD shares jump by approximately 1.6%. The move is seen as a strategic play to expand Robinhood's global footprint and attract more users to its platform.

The Financial Action Task Force (FATF) has reported that $51 billion in crypto flowed into illicit wallets in 2024. The report highlights that only 40 out of 138 countries are compliant with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) standards. Stablecoins remain a major channel for money laundering and illicit finance, underscoring the need for stricter regulations and enforcement in the crypto space.

Kraken has unveiled "Krak," a peer-to-peer payments app that allows for crypto and fiat transfers across more than 100 countries. The app aims to boost accessibility and streamline global one-to-one transactions, making it easier for users to send and receive payments in both crypto and traditional currencies. This move is part of Kraken's broader strategy to expand its services and attract more users to its platform.