This week's Public Keys report discusses Bakkt Holdings' ongoing challenges and transformations, including a partnership with a stablecoin payments technology firm, amidst financial struggles and a warning about insufficient cash to continue operations for the next year. The report mentions that two major clients are not renewing contracts, causing significant revenue concerns for Bakkt. Additionally, the Depository Trust & Clearing Corporation (DTCC) is expanding its operations into blockchain by acquiring digital asset firm Securrency and adopting Ethereum for tokenized securities. Robinhood is also making strides in prediction markets, allowing users to place bets on sports events, which may open new revenue avenues for the company. Finally, Coinbase is in talks to acquire crypto derivatives exchange Derebit, further expanding its reach in the crypto market.

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