We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: OpenAI to Robinhood: That’s not our inventory, bro
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Crypto & Web 3 > OpenAI to Robinhood: That’s not our inventory, bro
Crypto & Web 3

OpenAI to Robinhood: That’s not our inventory, bro

By Editorial Board Published July 7, 2025 4 Min Read
Share
OpenAI to Robinhood: That’s not our inventory, bro


OpenAI to Robinhood: That’s not our inventory, bro

AI large OpenAI has taken to X to remind an excited crypto group that Robinhood’s much-hyped “stock tokens” don’t signify fairness within the enterprise.

The put up clarifies that Robinhood isn’t working in partnership with OpenAI, and the tokens aren’t endorsed, insisting that “we did not approve any transfer” of fairness.

These “OpenAI tokens” aren’t OpenAI fairness. We didn’t companion with Robinhood, weren’t concerned on this, and don’t endorse it.  Any switch of OpenAI fairness requires our approval—we didn’t approve any switch. Please watch out.

— OpenAI Newsroom (@OpenAINewsroom) July 2, 2025

Learn extra: Robinhood needs US newborns larping into shares

Introduced on the Ethereum Neighborhood Convention in Cannes this week, “stock tokens” give customers entry to tokenized variations of well-known shares, in addition to “shares” in non-public corporations, OpenAI and SpaceX.

The tokens are presently deployed on Ethereum L2 Arbitrum, although Robinhood has plans to launch its personal purpose-built blockchain sooner or later. 

Trying into the on-chain roll-out of the tokens, Coinbase’s Conor Grogan noticed the deployer’s credentials as a real crypto-native degen.

The Robinhood pockets that transferred the OpenAI tokens was funded by somebody who misplaced $15k on Hyperliquid and minted a "Desperate Ape Wife" NFT for $500 in 2021 pic.twitter.com/sdIHwNz6PQ

— Conor (@jconorgrogan) July 1, 2025

Learn extra: Unique: Coinbase’s Conor Grogan on how he’s reuniting customers with misplaced crypto

Tom Schmidt, of crypto-focused enterprise fund Dragonfly, dug into the small print behind the tokens, mentioning that it’s “pretty clear that you’re buying a *derivative* that is *not* redeemable for the underlying and not backed 1:1”.

He additionally shot down comparisons to special-purpose automobiles in conventional finance, saying, “SPVs at least own the stock lol.”

Crypto Twitter’s response was sometimes tongue-in-cheek

Robinhood’s providing was likened by one X consumer to a scene from the movie The Massive Brief, during which Steve Carell’s character wrangles his approach by means of an evidence of collateralized debt obligations (CDOs).

In a reply to their very own put up, they seem to argue for simplicity in crypto, stating “fartcoin fixes this.”

"we're selling shares of private companies that don't actually represent any real equity or ownership to retail investors…they don't know the difference" pic.twitter.com/805AAWjxW8

— Dip Wheeler (@DipWheeler) July 3, 2025

Learn extra: Polymarket suitgate: Zelenskyy’s NATO look divides crypto bettors

The legitimacy of the providing was put below even additional scrutiny by way of a sartorial evaluation of Robinhood’s CEO, Vlad Tenev, with one consumer commenting that the mix of “pinstripe and the ascot [was] giving ’80s cocaine villain vibes.”

It seems that suit-related controversies are crypto’s sizzling matter this week. 

Not desirous to go up a chance to get in a dig at OpenAI, Elon Musk replied, “your ‘equity’ is fake,” doubtless referencing their feud over the corporate’s flip-flopping on its standing as a non- or for-profit firm.

Musk, nonetheless, didn’t touch upon Robinhood’s “stock token” model of his personal firm, SpaceX.

Obtained a tip? Ship us an e mail securely by way of Protos Leaks. For extra knowledgeable information, observe us on X, Bluesky, and Google Information, or subscribe to our YouTube channel.

The put up OpenAI to Robinhood: That’s not our inventory, bro appeared first on Protos.

TAGGED:broOpenAIRobinhoodStock
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Why Palestinian statehood will not cease the hunger

Why Palestinian statehood will not cease the hunger

World
July 30, 2025
EV advocates convey 'Freedom to Drive Tour' to Lansing

EV advocates convey 'Freedom to Drive Tour' to Lansing

LANSING, Mich. (WLNS) – Electrical car advocates have now began what they're calling the nationwide…

July 30, 2025
The Diaster Of Kallas & Russia’s View Od Occasions | Economics

The Diaster Of Kallas & Russia’s View Od Occasions | Economics

Kaja Kallas displayed her incompetence as she is conflicted by private hatred of Russians. Regardless…

July 30, 2025
How is Starmer’s authorities doing? This is what ‘end-of-term’ report from voters says

How is Starmer’s authorities doing? This is what ‘end-of-term’ report from voters says

One 12 months on, how's Keir Starmer's authorities going? We have put collectively an end-of-term…

July 30, 2025
Lawmakers introduce clear air laws to restrict air pollution

Lawmakers introduce clear air laws to restrict air pollution

LANSING, Mich. (WLNS) – Clear air advocates met with Michigan officers Tuesday afternoon to introduce…

July 30, 2025

YOU MAY ALSO LIKE

Might a Tether collapse destabilize the US Treasury market?

Based on a current Financial institution of Worldwide Settlements (BIS) working paper, a financial institution run on a serious stablecoin…

Crypto & Web 3
July 29, 2025

Is the Tesla Diner rigging evaluations?

For the previous week probably the most talked about restaurant opening in Southern California, probably even the world, has been…

Crypto & Web 3
July 29, 2025

DeFi is paying huge to build up USDC

Circle points USDC, the world’s second-largest stablecoin, however ensures solely $1 of worth to tokenholders with none yield in any…

Crypto & Web 3
July 29, 2025

Did BSTR get its bitcoin from Tether?

Social media is chattering in regards to the supply of funds for the world’s fourth-largest bitcoin (BTC) treasury firm, BSTR…

Crypto & Web 3
July 28, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?