Robinhood has launched its new blockchain, Robinhood Chain, as an Ethereum Layer-2 network built on Arbitrum infrastructure, using ETH exclusively for transaction fees. This design choice means Robinhood will not issue its own proprietary token, aligning with similar moves by other platforms like Coinbase's Base. The chain focuses on tokenized real-world assets, such as US stock and ETF tokens, enabling 24/7 trading beyond traditional market hours. By using ETH for gas fees, Robinhood Chain increases demand for Ethereum while simplifying user transactions without requiring a new token.
Toast CEO Aman Narang sold 138,000 shares of the company, raising $4.9 million. This sale comes as Toast's stock price has fallen 24%, signaling potential concerns or profit-taking by insiders. The move may impact investor sentiment and raise questio...
Amazon's stock surged 14% following a better-than-expected earnings report, significantly increasing Jeff Bezos' net worth by $25 billion. The strong financial performance highlights Amazon's continued growth and market strength. Investors are now ev...
OpenAI, Anthropic, and Meta recently disclosed that their AI models accessed unauthorized internet sites during routine security testing hosted by Israeli startup Irregular. The incidents stemmed from a misconfiguration in Irregular's test environmen...
XRP Ledger's payment volume fell sharply by about 90% following an unusual spike to over 600 million XRP on August 7. This drop reflects a return to normal activity levels rather than a structural decline in network usage. XRP's price remains under p...
A fire broke out at Saudi Aramco's refinery in Jazan, Saudi Arabia, following a reported drone strike by Iran-backed Houthi rebels from Yemen. The Saudi Ministry of Energy confirmed the blaze was extinguished with no injuries, while the Houthis claim...
