🏀 LeBron Wif Hat

Plus, Robinhood’s earnings, CZ’s sentencing postponement and more.

Sebastian Soran
February 14, 2024

Happy Wednesday, Zingernation! LeBron James just sparked a crypto frenzy. How? He wore a pink beanie. Welcome to the wonderful world of web3.

$WIF price surged after the Lakers superstar was seen wearing a knitted hat resembling the Dogwifhat meme during a post-game appearance. Elon who?

Today’s partner created the world's first dual-processing hearing aids to give you 2x the power and crystal clear hearing.

Plus, we’re looking into Robinhood’s earnings, CZ’s sentencing postponement and more.

MARKET SNAPSHOT

TOP STORY

Robinhood Q4 Earnings Highlights: Revenue Beat, EPS Beat, Strong Start To Q1 And More

Briefly: Robinhood reported fourth-quarter revenue of $471 million, up 24% year-over-year.

So Basically: The revenue beat a Street consensus estimate of $456.8 million, according to data from Benzinga Pro.

So Then: Robinhood reported earnings per share of 3 cents, which beat a Street consensus estimate of a loss of 1 cent per share.

So What? "2023 was a strong year as our product velocity continued to accelerate, our trading market share increased, and we started to expand globally," Robinhood CEO Vlad Tenev said.

What Next: Read more here.

A MESSAGE FROM HEAR

You Won’t Believe Your Ears

hear.com created the world's first dual processing hearing aids to give you 2x the power and crystal clear hearing.

How? The secret is cutting-edge German technology, engineered to separate noise and speech to produce unheard of levels of clarity.

Experts say it's the biggest upgrade in sound the industry has ever seen. And the best part is, these medical-grade devices are nearly invisible, so your friends and family will barely notice.

Over 385K happy customers and counting:

Bluetooth and smartphone compatible
Award-winning customer service
Accepts all major insurance plans

See why hear.com is the world’s #1 online hearing aid company and trial the Horizon AX for 45 days, risk-free.

FIVE ZINGERS

Godfather Of AI: Wedbush sees AI's rise as a pivotal moment akin to the Internet's debut in the '90s, with AI leading today's tech transformation.

What’s Uncovered? A cryptocurrency analyst, Ali Martinez, has flagged potential warning signs in the trading pattern of meme cryptocurrency Dogecoin.

Spooky Action: The cryptocurrency market experienced a sharp downturn on Tuesday, mirroring a broader sell-off across financial markets triggered by hotter-than-expected inflation data.

Acquisitions: Ripple has reached an agreement to purchase Standard Custody & Trust Company, a regulated platform for digital assets with enterprise-grade security.

Dang Pirates: In 2023, Americans lost over $10 billion to fraud, with investment scams accounting for nearly half of the total losses.

ONE FOR THE ROAD

Binance Co-Founder Changpeng Zhao's Sentencing Reportedly Delayed As Prosecutors Postpone Hearing

Briefly: The sentencing of Changpeng “CZ” Zhao, co-founder of cryptocurrency exchange Binance, has been reportedly postponed.

Back Up: Zhao was indicted for money laundering and sanctions infringements by the U.S. Department of Justice in November, following an extensive investigation.

Zoom Out: In the wake of these charges, Zhao stepped down as CEO of Binance, handing over the mantle to Richard Teng, the ex-Global Head of Regional Markets at Binance.

What Now: Despite being released on a $175 million bond, travel restrictions have been placed on Zhao after prosecutors raised concerns about him being a possible flight risk. Zhao, who pleaded guilty and has already shelled out $50 million in fines, could face up to 18 months in federal prison.