Robinhood shares climb after trading app completes Bitstamp deal: CNBC Crypto World
On today's episode of CNBC Crypto World, Robinhood shares climb after the retail trading platform completes its acquisition of Bitstamp, which gives the firm an immediate international footprint. Plus, Bitwise CEO Hunter Horsley sits down with CNBC from Bitcoin 2025 to discuss bitcoin's new record, crypto ETFs and regulatory advancements for digital assets in the U.S. And also speaking from Bitcoin 2025, Kraken CEO Dave Ripley discusses crypto regulations he's hoping Congress will pass.
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Business Insider
2 hours ago
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Our favorite photos from Bitcoin 2025
From May 27 to 29, some 35,000 people gathered at the Venetian Expo Center in Las Vegas for Bitcoin 2025, the world's largest annual gathering of bitcoin industry professionals and enthusiasts. As Jacob Silverman reports in a feature dispatch from the conference for Business Insider, "More than anything, Bitcoin 2025 was a victory celebration for an industry that pushed all its chips in behind Donald Trump and the Republican Party during the 2024 election cycle and won handsomely." This year's speakers included Vice President JD Vance, Eric Trump and Donald Trump Jr., White House crypto and AI czar David Sacks, Sen. Jim Justice (who shared the stage with his bulldog, Babydog), Ohio gubernatorial candidate Vivek Ramaswamy, and the recently pardoned Silk Road drug market founder Ross Ulbricht. BI also sent photographer David Becker to cover the conference, and his photos captured the energy and triumphalism of the sprawling bitcoin community today.
Yahoo
10 hours ago
- Yahoo
‘I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will?
I am mentioned in a will with one other sibling whom I haven't spoken to in 8 years. I know she is alive, but she has nothing to do with me or my family. I'd like to know what my rights are. I have worked for more than six months to get my elderly mother a place to live before her home was almost foreclosed on for back taxes. My new husband gave me a contract and told me to 'sign here' — but I refused. It was the best decision of my life. 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money I help my elderly mother every day and drive her to appointments. Can I recoup my costs from her estate? S&P 500 changes are imminent. Robinhood and these other stocks could join the index. I've made six trips of more than eight hours to clean out the house — she was a hoarder — and spent $10,000 to get the house sold. My sister has done nothing to help our mother. I got her an apartment and prepaid our mom's rent for a year, so she wouldn't be homeless. My sister is in a much better financial position than I am, probably millionaire level. Are there legal ways to remove someone from a will? Daughter & Sister Related: 'My mother-in-law has done some shady stuff': She wants to sell air rights to her home and cheated her grandchildren out of their inheritance Your question seems to be about morality more than money. This sister, for reasons known only to her, has chosen to disconnect from the family. Your mother has little funds. Her house was or is in foreclosure. She needed $10,000 to help with selling costs and needed help paying her rent. Unless there are items of sentimental value or a life-insurance policy that you have not mentioned, it appears that you want your sister off the will, perhaps as payback for not being around to help. I'm not sure how that serves you or your mother. It seems like a pyrrhic victory. You have been around to help your mother, but rather than view it as a negative (the lack of input from your sister and time you have taken out of your own life) why not see it as a positive (you were able to be of service to your mother and spend time with her). Even if you were your mother's power of attorney and charged with handling her financial affairs, you would not have the legal right to remove your sister from your mother's will, assuming she is mentioned as a beneficiary. You could put your case and reasoning to your mother, but is this something she would want or need to deal with right now? She may be acutely aware that her other daughter is nowhere to be seen, and it probably causes her a great deal of hurt. Don't miss: 'It's the saddest thing': I'm happily retired and my friends in their 60s want to know how I did it. Should I tell them my secret? 'Unfortunately, even if you go that route, your child may decide to contest the will based on the assertion that you would never have taken that action of your own free will and that your estate plan is defective for some reason,' says Weinstein & Randisi, a Rochester, N.Y.-based law firm. 'They may or may not be successful, but it's bound to tie up your estate and prevent it from being settled for a while,' the law firm says. An 'in terrorem' or 'no contest' clause also means that, if someone contests the will, they are automatically disinherited. If your mother were to disinherit her adult daughter voluntarily, it would be best to mention her by name that she has been disinherited, leave them a token amount and/or include a 'no contest' clause — if they sue, they automatically forfeit the right to inherit. Children may be disinherited for several reasons, including if the parent is truly estranged from their child, if the child has suffered from addiction, and/or if the parent believes that one child has enough money, while the other child has no need for financial assistance. Don't miss: My sister made frequent withdrawals from the 'bank of Mom and Dad.' Now our family is torn apart. What can I do? I often receive letters from parents who are hurt and angry and who wish to disinherit their children (sometimes with good reason). It should be something that the parent raises without prompting. This woman said she had been estranged from her daughter for 20 years. 'She makes no contact, nor do I contact her, and I have not seen my grandchildren during all that time, nor my great-grandchildren,' she wrote. 'When I pass I intend to leave her and her immediate family with nothing.' Clearly, there was a lot of hurt and disappointment there. A study published in the Journal of Marriage and Family surveyed a nationally representative sample of more than 16,000 people and found that 6% of respondents reported an estrangement from their mothers, while 26% reported an estrangement from their fathers. After all that blood, sweat and tears, some parent-child relationships end up in a place of anger, resentment and silence. That is not the case with your mother, who has one good child — you — who has been there for her, and offered her time and money. But if your sister were included in the will, from the few details you gave in your letter about your mother's finances, you would only get a token amount. A healthier and happier option: Focus on the people who are in your life — your mother — rather than those who are not. Related: I bought a home with my elderly parents. They reneged on their promise to sell their house and repay me. What now? 'He was recently taken to the hospital': My elderly neighbor gave me power of attorney. Can his estranged daughter object? 'Punishing myself would not help': My credit card was stolen — the thief revealed lots of nasty surprises about my finances 'We've had our ups and downs': My late in-laws left their estate to me, my husband and our son. Do we need to hire an attorney? 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? Never mind the tariffs and tantrums. The 'dual equity pain trade' means new highs for stocks. The S&P 500 closes at 6,000 as bulls aim for return to record territory 'I was pushed out of her life when she was 18': My estranged daughter, 29, misuses drugs. Should I leave her my Roth IRA? 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Yahoo
13 hours ago
- Yahoo
Robinhood Extends Rally as Speculation Over S&P 500 Inclusion Grows
(Bloomberg) -- Robinhood Markets Inc. shares extended gains into a sixth straight day as investors speculate that the online brokerage could become the latest firm to earn a coveted spot in the S&P 500 Index. Next Stop: Rancho Cucamonga! ICE Moves to DNA-Test Families Targeted for Deportation with New Contract Where Public Transit Systems Are Bouncing Back Around the World US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Trump Said He Fired the National Portrait Gallery Director. She's Still There. Wall Street firms including Bank of America Corp. and Barclays Plc have called the company a top candidate to join the benchmark, a distinction that would spur passive funds to snap up its shares. The rebalancing is set to be announced after the close of regular trading Friday. Robinhood shares rose 3.3% in the session, bringing their gain to 17% over six trading days. 'It does seem like the speculation about the stock being included in today's S&P 500 announcement is having the bigger impact,' said Matt Maley, chief market strategist at Miller Tabak + Co. 'With so much money invested in index funds and index ETFs today, the stocks involved will rally no matter what.' Ares Management Corp., AppLovin Corp., and Tradeweb Markets Inc. are among other companies that analysts have flagged as possible additions. Barclays analyst Benjamin Budish said the S&P 500 has added an average of 1.5 new companies in the June quarter, either through additions or promotions from its other indexes. Fellow new-finance player Coinbase Global Inc. received a dramatic boost when its inclusion was announced last month. The stock jumped 24% in the next trading session on its way to a 34% weekly gain. Robinhood, meanwhile, has jumped more than 100% this year and, on Tuesday, closed at a record for the first time since 2021. 'Stocks selected for index inclusion typically experience 7%+ gains into the first day of trading,' Budish wrote in a note to clients. 'However, the stocks appear to sell off by about 1.4% on average in the first week following index inclusion, and are down about 1% in the following 4 weeks.' Other stocks linked to cryptocurrencies also advanced Friday as US labor data boosted appetite for risk and lifted digital tokens. Coinbase rose 2.9%, while Bitcoin was trading above $104,000. --With assistance from Monique Mulima. (Updates shares throughout, Bitcoin price in final paragraph.) Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Sign in to access your portfolio
