Robinhood Chain, a new Ethereum-based layer-2 network launched on July 1, has attracted over $70 million in bridged Ether within its first week. The network supports tokenized finance products including tokenized US stocks and uses ETH as its native gas token. Daily trading volume on Uniswap reached $500 million, with total value locked surpassing $106 million, driven by significant institutional deposits. This rapid growth suggests Robinhood Chain could become a major new source of demand for Ethereum, enhancing its role as a settlement layer in blockchain finance.
Wells Fargo significantly increased its holdings in Bitcoin and Ethereum ETFs, including a 125% rise in Strategy shares and a 65% boost in BlackRock's Ethereum ETF, while reducing stakes in some crypto stocks like Galaxy Digital and Coinbase. The ban...
Bitcoin's price has risen to about $63,950, up 1.2% in 24 hours and 4% over the week, recovering from June lows near $58,000. This rise is driven by optimism around a new US crypto Clarity Act draft and a potential SEC rule easing crypto startup fund...
The Japanese yen surged sharply due to fears of Bank of Japan intervention and rising wholesale inflation, causing Bitcoin and other major cryptocurrencies to underperform in yen terms compared to their USD trading pairs. The yen jumped to 161.55 per...
Solana's price remains stable near $78 despite bearish market sentiment, supported by a surge in tokenized real-world assets (RWA) on its blockchain, which reached a record $3.62 billion. Institutional interest is growing with new derivatives product...
Ethereum (ETH) is approaching a crucial resistance level near $1,800 after recovering from lows around $1,500. The cryptocurrency has regained its 20-day and 50-day moving averages, showing renewed buying interest and strengthening momentum. A breako...
