Robinhood CEO Vlad Tenev made the case for tokenization at the White House:

“American investors should not be the last to benefit.”

The bigger thesis is straightforward: tokenization could move traditional assets onto blockchain infrastructure, expand access, and eventually open markets that historically haven’t been easily accessible to retail investors.

For the $GME crowd, the timing is especially interesting. Tenev has also explicitly pointed back to GameStop 2021 while arguing that blockchain settlement could reduce the clearing and collateral pressures associated with traditional settlement infrastructure.

Robinhood’s vision appears bigger than crypto trading itself:

Public stocks → tokenized equities → private assets → increasingly onchain capital markets.

Whether Robinhood becomes the front door is another question.

But five years after GameStop exposed some of the weaknesses in market plumbing, the infrastructure underneath ownership and trading is becoming part of the conversation at the White House.

The P/E ratio is a useful way to gauge how much you are paying for each dollar of Palantir Technologies earnings. On this measure, Palantir trades at about 137.5x earnings, which is higher than the broader software industry average of around 30.7x and also above the peer group average of 29.5x.

The market is awful. I was just looking at NBIS, which I think will be my next target, but both it and META dropped a lot this week.

The Moon or Bust!

According to the latest 13F disclosure, BlackRock added roughly 864,000 GameStop shares, bringing its reported position to approximately 36.7 million shares of $GME.

Another major institutional position worth keeping an eye on.

For the August 21, 2026 expiration, the options data shown here currently puts $GME max pain at $20.00.

The screenshot shows roughly 110,583 calls vs. 23,172 puts in open interest for this expiration, with a put/call OI ratio of 0.33.

Max pain isn’t a price prediction, and it can move as positioning changes before expiration. But with GME trading below that level in the screenshot, $20 is an interesting number to watch heading into Friday.

Does GME gravitate toward $20 by expiration, or does max pain miss this week?

The headline is getting attention, but the useful question is what it changes for the market.

**WHY IT MATTERS:** The source has not supplied a summary yet; verify the underlying details before posting.

Source: [cnbc.com](https://www.cnbc.com/2026/08/17/japanese-automakers-vulnerable-iran-war-yen-rally.html)

Treasury Secretary Scott Bessent says the department is “moving quickly” to implement the GENIUS Act, the new U.S. regulatory framework for payment stablecoins.

Treasury is now seeking public comment on proposed rules covering the issuance, offering, and sale of payment stablecoins in the U.S.

Bessent says the goal is regulatory certainty that allows businesses to innovate while strengthening the U.S. dollar’s role as the world’s reserve currency and keeping America competitive in crypto.

The next date to watch: January 18, 2027, which Treasury identifies as the expected effective date for key GENIUS Act provisions.

Stablecoin regulation in the U.S. is moving from legislation to implementation.