Robinhood Is Proving Distribution Captures Crypto’s Value | Weekly Roundup

The Empire team breaks down Robinhood Chain’s billion-dollar run rate and what it signals for tokenized markets and Ethereum. They explore new meme-stock dynamics, why 24/7 stock trading remains hard to scale, and Ethena’s move into neobanking. The episode also covers Hyperliquid’s path into the U.S., prediction markets, and the recurring theme that distribution—not just technology—captures the most value in crypto.