Robinhood launches Investor Index, updated monthly, to track the performance of the 100 most popular stocks in its app, weighting users’ “conviction” in them (Wall Street Journal)

Cameron Thompson / CoinDesk:
Robinhood releases its non-custodial, Polygon-based crypto wallet, Robinhood Wallet, in beta to 10,000 users who signed up in May  —  Robinhood has been steadily moving away from its original “walled garden” approach to crypto over the past year.  —  No-fee trading platform Robinhood …

Mary Ann Azevedo / TechCrunch:
Robinhood launches a waitlist for Robinhood Retirement, which it calls the “first and only” IRA with a 1% match on every eligible dollar contributed  —  Fintech says its will offer a 1% match on every eligible dollar contributed to its IRAs  —  Retail trading app Robinhood is entering the retirement game.

Kit Rees / Bloomberg:
The subpar performance of FAANG stocks, which account for more than 10% of the S&P 500 weighting, will be a big drag on the market in the coming years  —  For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful …

Bailey Lipschultz / Bloomberg:
Coinbase’s stock closed down 9.54%, Robinhood closed down 13.76%, and MicroStrategy closed down 19.58%, amid a meltdown in crypto markets  —  Shares of Robinhood Markets Inc. and Coinbase Global Inc. took another beating Wednesday as the meltdown in crypto markets rattled investors amid doubts …

Divya Balji / Bloomberg:
Coinbase’s stock closes down 10.78% and Robinhood Markets closes down 19.04% as the Binance-FTX deal spotlights the challenges facing the $1T crypto industry  —  Robinhood Markets Inc. tumbled by the most in more than a year after Binance Holdings Ltd. agreed to acquire Sam Bankman-Fried’s …

Naoto Hosoda / Bloomberg:
Chip-related stocks slump in Japan, South Korea, and Taiwan after US curbs on China; the PHLX chip index fell to its lowest level since November 2020 on Monday  —  Chip-related stocks in Japan, South Korea and Taiwan slumped as traders returning from Monday’s holidays reacted …