Robinhood Chain, an Arbitrum-based Ethereum Layer 2 network, has quickly gained traction by attracting over $70 million in bridged ETH and reaching around 194,000 daily active users within its first week. The platform supports tokenized real-world assets and uses ETH as its native gas token, contributing to over $80 million in total value locked. While initial trading volume surged due to memecoin activity, particularly the CASHCAT token, the chain aims to expand tokenized stock and real-world asset access globally. The launch also benefits the wider Arbitrum ecosystem through revenue sharing, highlighting Robinhood Chain as a new growth driver for Ethereum. The key test ahead is whether real-world asset demand can sustain activity beyond the early speculative surge.
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...
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 ...
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...
