The Pit Report · Oct 29, 2026
Robinhood Chain gains eight new stock and ETF tokens, Robinhood's CEO talks up a bigger push for builders, Motes ties its NFTs to AI agents, HoodMiners readies a launcher, RaidLords bans thousands of bots, farming-game copycats flood NFTs, Bored Apes lead weekly sales, Pudgy Penguins holders push back on the Abstract shutdown, and Bitcoin dips below $80,000 after the Fed holds.
Tokens for JPMorgan Chase, Visa, PayPal, McDonald's, Disney, Uber, BitMine Immersion Technologies and the VanEck Gold Miners ETF went live on Robinhood Chain for around-the-clock trading through apps like Uniswap and Pons. They join a chain that reportedly already has about $319 million in real-world assets in use across DeFi.
On the latest earnings call, Vlad Tenev said the company will invest heavily in Robinhood Chain after a stronger-than-expected first quarter. Plans include a dedicated builder team, more developer tools, perpetuals and room for third-party tokenized assets.
Motes now pairs each Genesis NFT with its own AI agent and smart account on Robinhood Chain. Owners fund the account with USDC, set rules in plain language, and the smart account keeps the agent's trades inside those limits.
HoodMiners sells 5,000 NFT "rigs" on Robinhood Chain whose upgrades stay with the rig when it changes hands, and rigs can be merged or burned over time. The team says its Hood Launcher for token launches with locked liquidity and anti-sniper rules arrives next.
RaidLords, the village-raiding browser game on Robinhood Chain, removed 7,779 bots and farm accounts. Players now need to hold 5,000 of its token for 24 hours before withdrawing, a move meant to keep daily reward pools for real players.
After all 3,333 Yield Fields Founding Deeds on Robinhood Chain were minted in about 30 seconds, a wave of near-identical pixel farming games followed, many built quickly with AI tools. Collectors are noticing the same wallets chasing each mint and are urging people to back communities they actually care about.
Bored Ape Yacht Club topped last week's NFT sales at $3.74 million, up 274% and ahead of CryptoPunks at $2.37 million. Holders spent the week sharing their apes and ApeFest memories as the collection held the top spots on daily charts.
A 23-minute documentary called "The Abstract File" compares early expectations with the decision to close the Abstract network on December 15. Some Pudgy Penguins holders are angry and asking for more openness, while others defend the team's choice not to launch a token.
The Federal Reserve kept rates at 3.75% to 4.00% in a 10-2 vote, with two officials wanting a hike. Bitcoin fell below $80,000 afterward and more than $335 million in crypto positions were liquidated.
U.S. spot Bitcoin ETFs took in $137 million on October 28, nearly all of it into BlackRock's IBIT, for $424 million over three days. Ethereum ETFs saw another $21.4 million leave the same day.
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Minting this week: see the Robinhood Chain NFT mint calendar →
News roundup written in our own words with links to the original sources. Not financial advice. Not affiliated with Robinhood.
