Coinbase’s stock closed down 9.54%, Robinhood closed down 13.76%, and MicroStrategy closed down 19.58%, amid a meltdown in crypto markets (Bailey Lipschultz/Bloomberg)

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 …

Sam Goldfarb / Wall Street Journal:
Coinbase’s stock has dropped 81% in 2022, taking its market cap down from $81B at its IPO to $11B, as the broader crypto market falters and investors lose faith  —  Prices of exchange’s bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin

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.

Cecilia D’Anastasio / Bloomberg:
The hype around esports is fading, as teams and organizations shrink due to a weak sponsorship and ad market, falling VC investment, and the crypto meltdown  —  The once-thriving esports industry has fallen on hard times as funding sources dwindle and signs abound that athletic competition via video games …

Annie Massa / Bloomberg:
Robinhood reports Q3 revenue down 1% YoY to $361M, vs. $357.8M est., net loss down 87% YoY to $175M, and MAUs down 1.8M QoQ to 12.2M in September 2022  —  Robinhood Markets Inc. posted third-quarter revenue that beat analysts’ estimates as transaction-based income increased from the previous three-month period.