
Posted July 03, 2025
By Today's Tech FWD
Robinhood Aims Its Arrows at AI Royalty
James Altucher:
OpenAI Wants Nothing To Do With Robinhood Tokens
OpenAI shared a stark warning on Thursday: We have nothing to do with retail trading platform Robinhood’s tokenized equities.
Robinhood announced on Monday that tokenized versions of over 200 U.S. stocks and exchange-traded funds (ETFs) are now available to EU customers. The news caused Robinhood’s share price to surge about 10% in just one day, reaching an all-time high.
But OpenAI, the startup behind ChatGPT, isn’t happy about Robinhood’s attempt to bring private equity onto the blockchain.
“These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval — we did not approve any transfer,” the startup wrote in an X post on Wednesday.
“While it is true that they aren’t technically ‘equity,’ […] the tokens effectively give retail investors exposure to these private assets,” said Robinhood CEO Vlad Tenev in a post on X on Wednesday.
Tenev described the move as opening the door to “a massive trading revolution,” laying the groundwork for Robinhood’s own forthcoming Layer-2 blockchain, aimed at enabling 24/7 trading and self-custody.
Chris Campbell:
The $1Q Token Grab (And Who Gets Rich)
EVM stands for “Ethereum Virtual Machine.” If Ethereum is an iPhone, EVM is the operating system (like iOS) that runs the apps. It’s what lets you write and install smart contracts (apps), make them work the same way on every device (blockchain), and interact with stuff like DeFi, NFTs, and tokenized assets.
Across all tokenized assets with measurable value today, EVM-compatible chains account for: ~80–85% of active tokenization volume and protocols and ~90%+ of smart contract development in tokenization.
When institutions choose to build on EVM-compatible platforms, they're implicitly betting on Ethereum’s architecture. Even JPMorgan’s Kinexys uses a fork of the EVM.
This gives Ethereum a kind of protocol-level immunity. It's no longer “just another chain.” It's the standard. Like how Excel (.xlsx) became the standard for spreadsheets… even if you use Google Sheets.
BUT… for the real asymmetry… It’s not as simple as going out and buying ETH and calling it a day. Right now, our eyes are on a basket of projects and protocols riding the EVM wave.
Greg Guenthner and Enrique Abeyta:
Top Trades of July
Welcome back to another episode of Top Trades! New month, new quarter… and the NASDAQ is down? Meanwhile, the Equal Weight's up. The industrials is up.
Greg and Enrique are blaming much of the NASDAQ's underperformance on a couple of stocks that are down – big names, like Tesla, Nvidia, Palantir, Meta, and Google, to name a few.
But overall it doesn't look too terrible, according to Greg.
Meanwhile, there's been a lot of Trump related news, with Elon Musk butting heads with the president again. Elon saying he's going to try to primary all the Republicans that vote for the big beautiful bill, and also start a new political party.
Get Greg and Enrique's full thoughts in this exciting new episode!
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Today’s Tech FWD compiles all the best trading tips and market insights straight from our panel of distinguished analysts, including James Altucher, Ray Blanco, Chris Campbell, Greg Guenthner, Zach Scheidt and more.
Inside each issue, you'll find perspectives from our experts about speculative ways to trade, tech trends, crypto news and the latest AI opportunities so YOU can profit while the rest of the market is left behind.

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