On August 31, Robinhood Chain achieved a record $989 million in decentralized exchange trading volume and $708 million in total value locked, nearly doubling from the previous month. Its daily app revenue reached $2.66 million, exceeding Ethereum and Hyperliquid, driven mainly by memecoin trading and token launchpads rather than the originally intended stock tokens. Despite this growth, US users still cannot access stock tokens, limiting Robinhood's core market. Competition in blockchain equity trading is rising, with Coinbase and Kraken expanding offerings, while Robinhood's future depends on broader access and sustained user engagement.
Ethereum's price remains near $2,500 despite a dramatic 90.9% drop in leveraged trading on Binance and Bybit, indicating the rally is less reliant on derivatives. Institutional demand through U.S.-based Ethereum spot ETFs, especially BlackRock's ETHA...
Most major cryptocurrencies experienced price declines, with Bitcoin at $78,568 and Ethereum at $2,466.79, both slightly down. Tokens like CRO and POL saw significant drops of over 7% and 14% respectively, indicating market volatility. Stablecoins re...
Bitmine Immersion Technologies increased its Ethereum holdings by 53,501 ETH, bringing its total to nearly 5.9 million ETH, or about 4.9% of the circulating supply. This move comes as Ethereum's price surged roughly 33% in August, reaching around $2,...
BitMine Immersion Technologies purchased 53,501 Ethereum tokens last week, increasing its total holdings to 5.9 million ETH, valued at about $14.8 billion. This represents roughly 4.9% of Ethereum's total supply. The company has staked 5.07 million E...
Bitmine Immersion Technologies increased its Ethereum reserves by 53,501 ETH last week, bringing its total to 5,901,112 ETH, valued at about $14.5 billion or 4.9% of Ethereum's circulating supply. The company stakes 86% of its holdings through the MA...
