Solana co-founder Anatoly Yakovenko criticized Robinhood Chain's average transaction fee of $0.40, calling it 'brain dead' and arguing that the brokerage profits from network congestion rather than transparent user charges. Robinhood Chain, which runs on Arbitrum technology and settles on Ethereum, has seen fees rise due to heavy usage, reaching $4.22 million in daily fees over 10.4 million transactions. Yakovenko pointed out that Solana processes similar transactions for less than a cent, and that the 10% revenue share Robinhood pays to Arbitrum could cover Solana's fees four times over, suggesting Robinhood could offer a gasless user experience. The debate highlights concerns over who ultimately bears the cost of blockchain congestion and fees.
Kristin Smith of the Solana Policy Institute warns that digital asset regulations finalized by the SEC and CFTC before summer 2028 could be difficult to reverse due to the Congressional Review Act's limited window for overturning rules. With Congress...
Bitcoin's price increased by 1.37% to $84,186 as the total cryptocurrency market capitalization dropped 2.35% to $2.83 trillion. While Bitcoin gained, the broader market contracted, with trading volume at $58.32 billion. Other major cryptocurrencies ...
Pando Finance is launching a physically backed, passively managed Solana ETF on the Hong Kong Stock Exchange (HKEX) on October 13, marking the region's second spot Solana ETF. This new ETF, trading under ticker 2831 in Hong Kong dollars with the U.S....
Bitcoin has been trading in a narrow range around $82,000 to $83,000, disappointing many investors expecting a strong October rally known as "Uptober." This contrasts sharply with October 2025, when Bitcoin hit an all-time high above $126,000 before ...
Bitcoin's price increased by 0.71% to $83,643 while the overall cryptocurrency market capitalization fell by 2.96% to $2.81 trillion. Other major cryptocurrencies like Ether, XRP, BNB, Solana, and Dogecoin also saw modest gains. Bitcoin continues to ...
