1 hour ago
Robinhood Chain surge boosts ETH price
The palmy motorboat of the layer-2 network Robinhood Chain has boosted capitalist sentiment astir Ethereum. The recently launched blockchain uses ETH arsenic its autochthonal state token and astir $141 cardinal successful ETH has already been bridged to the chain.
More than half a cardinal wallets holding ETH are present connected the network, which surged past the Ethereum L1 and rival L2 Base implicit the past 24 hours, with DEX volumes of $877.56 million. The L2 is an offshoot of TradFi trading level Robinhood, which offers tokenized stocks to customers successful 120 countries, further strengthening the EVM-compatible ecosystem.
L2s person been seen by galore pundits arsenic bearish for Ethereum arsenic they instrumentality enactment distant from the L1 without returning overmuch successful the mode of transaction fees. However adjacent immoderate erstwhile ETH bears are present reassessing that thesis. Influencer Ansem wrote:
Mike Dudas from 6th Man Ventures added that "robinhood concatenation is the azygous astir bullish happening i've seen successful eth-land successful years."
DeFi LLamaRobinhood surges successful 24 hr DEX measurement (DeFi Llama)
Ethereum is besides getting a boost from its 47% marketplace stock of Real World Assets, according to Rwa.xyz data. Leon Waidmann, caput of Research astatine Lisk, noted the Total Value Locked (TVL) connected Ethereum of $260 cardinal has surpassed the $210 cardinal marketplace headdress of Ether. Waidmann said this distortion signals that “ETH is underpriced,” arsenic the existent comparative valuation is little than successful the 2022 carnivore market.
UK politicians mull imperishable crypto donation prohibition successful aftermath of Nigel Farage scandal
Members of the UK’s ruling Labour enactment are considering a full prohibition connected integer plus donations successful effect to Nigel Farage's resignation from Parliament and the imaginable power crypto billionaires had connected his policies.
The Guardian reported Thursday that Labour MPs person projected that a moratorium on crypto donations enacted successful March beryllium made imperishable aft it was revealed that the Reform person personally accepted millions of British pounds successful what helium called “gifts” from manufacture figures.
Farage sensationally resigned from Parliament past week successful an effort to get up of an probe into the donations by the UK's parliamentary standards commissioner.
“Let maine beryllium perfectly clear: I person done thing wrong,” said Farage successful an X livestream. “I person not breached the instrumentality successful immoderate mode astatine all. I person not misused nationalist money.”
The large parties are refusing to tract candidates against him successful the upcoming by-election, with his astir formidable governmental hostile the drama quality Count Binface, who has received enactment from Reform's critics.
Nigel FarageUS Bitcoin reserve hits snag arsenic national agencies statement for control: Bloomberg
The Trump administration’s propulsion to found a US Strategic Bitcoin Reserve has reportedly deed a roadblock, arsenic the Commerce and Treasury departments are astatine likelihood implicit however the reserve should beryllium structured and which bureau should person superior oversight of the holdings.
US President Donald Trump’s March 2025 enforcement bid called for the SBR to beryllium housed wrong the Treasury Department, portion different agencies would assistance with plus seizures to physique the reserve.
However, concerns person emerged implicit whether the Treasury has the ineligible authority to negociate the Bitcoin (BTC) holdings, partially due to the fact that of its volatility, Bloomberg reported Monday, citing radical acquainted with the matter.
The Commerce Department has emerged arsenic a contender to oversee the reserve, the sources said. The Department of Justice is besides reportedly moving with the departments to find legally disposable options, they added.
Wyden urges Senate leaders to support dev protections successful crypto bill
US Democratic Senator Ron Wyden has urged Senate leaders to guarantee that crypto developer protections stay successful the crypto marketplace operation legislation.
Wyden told Senate Minority Leader John Thune and Senate Majority Leader Charles Schumer successful a missive to sphere a conception of the CLARITY Act known arsenic the Blockchain Regulatory Certainty Act (BRCA).
“Developers who marque and merchandise bundle that allows radical to negociate their ain integer assets — and, critically, wherever the developer does not power idiosyncratic assets — should not beryllium treated arsenic wealth transmitters solely due to the fact that they make oregon people software,” Wyden wrote.
The missive comes aft definite groups and lawmakers opposed the BRCA. A radical of instrumentality enforcement organizations and a conjugation of Catholic organizations past month argued it could make gaps successful the oversight of illicit activity.
Senate leaders are pushing for the bill to beryllium passed this month.
WydenTrump says helium became ‘a large crypto guy’ partially for politics
US President Donald Trump says helium got progressive successful crypto “for politics” and became pro-crypto aft seeing however overmuch wealth the manufacture was making.
At a press conference in the Oval Office connected Monday to denote “Trump Accounts,” an concern relationship for children nether 18, Trump was asked whether the accounts would let for Bitcoin (BTC).
“I’ve go a large crypto feline lone for 1 reason: If we don’t person it, China’s going to person it,” Trump answered. “I’m a fan, I wasn’t initially, I didn’t cognize overmuch astir it, but, for immoderate of my archetypal term, I wasn’t overmuch involved, and I watched it grow, and it's a immense industry.”
“I got progressive successful it a small spot for politics,” Trump added. “I realized determination are a batch of radical that emotion crypto.”
In his archetypal term, Trump said helium was “not a fan” of crypto and called Bitcoin “a scam.” Since then, helium and his household person built heavy concern interests successful crypto, and Trump has faced disapproval for his pro-crypto stance and for making much wealth retired of crypto successful 2025 than immoderate of the listed exchanges oregon miners.
Five senators person called for committee hearings to investigate Trump’s policies perchance being influenced by crypto backing from United Arab Emirates-linked and different entities.
TrumpWinners and Losers
At the extremity of the week, Bitcoin (BTC) is astatine $63,762, Ether (ETH) astatine $1800 and XRP (XRP) is astatine $1.08. The full marketplace headdress is astatine $2.2 trillion according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the apical 3 altcoin winners of the week are DeXe (DEXE) with a 94% gain, Pyth Network (PYTH) astatine 19%%, and Arbitrum (ARB) astatine 15%.
The apical 3 altcoin losers of the week are Bonk (BONK) which mislaid 19%, Jupiter (JUP) connected -18% and Pi (PI) astatine -16%.
Top Prediction of the Week
Bitcoin nearing precocious stages of carnivore market: Jamie Coutts, Real Vision
Bitcoin could beryllium entering the second stages of the carnivore market, with downside momentum opening to dilatory down, according to Real Vision main crypto expert Jamie Coutts.
“I deliberation we're getting done astir of the carnivore marketplace action. It's inactive not over, clearly. But you know, I deliberation we're approaching astatine slightest the 2nd half,” Coutts said during an interview on Cointelegraph’s Trade Secrets.
He noted that Bitcoin’s volatility has declined by astir 50% compared with the erstwhile marketplace cycle, suggesting the existent downturn whitethorn beryllium little terrible than erstwhile carnivore markets.
Coutts added that he's not comfy making predictions for a $1 cardinal Bitcoin terms successful 2030 owed to excessively galore variables. However helium said:
“I'm much comfy with a forecast successful the adjacent benignant of 2 to 3 years that Bitcoin should get to benignant of $200,000 to 250,000."Top FUD of the Week
Strategy's Saylor needs clarity successful BTC pivot connection to person investors
Standard Charter’s planetary caput of integer assets research, Geoff Kendrick, believes caller Strategy merchantability of $216 cardinal worthy of Bitcoin to wage for STRC dividends — and Michael Saylor's mode of communicating decisions — “are muddying the waters for BTC near-term.”
“We deliberation effectual connection of MSTR’s caller strategy (using BTC to backmost STRC) is cardinal to reassuring markets that wholesale selling is unlikely; this should successful crook enactment BTC prices,” Kendrick wrote successful a enactment to clients connected Friday. “Indeed, if this signalling proves effective, it should region the request for MSTR to really merchantability immoderate BTC by supporting STRC’s price,” helium said.
Kendrick said that Strategy’s long-held “never sell” attack had constricted what the institution could with its industry-biggest integer plus treasury.
“The occupation with the ‘never sell’ attack is that it limits what MSTR’s BTC holdings can bash — or, possibly much importantly, what they are perceived to beryllium doing,” the StanChart expert said.
Kalshi appeals NY court's rejection of bid to artifact authorities gambling instrumentality enforcement
Kalshi is appealing a New York national judge's rejection of its bid to artifact officials astatine the New York State Gaming Commission from enforcing section laws against its sports-related lawsuit contracts.
The entreaty escalates a increasing ineligible combat implicit whether sports prediction markets are federally regulated derivatives oregon state-regulated gambling products. This question has already divided courts crossed the United States.
Judge Analisa Torres rejected that statement and recovered that New York gambling laws, arsenic applied to Kalshi’s sports-event contracts, were not preempted by the US Commodity Exchange Act. The tribunal said Kalshi had not made a “clear oregon important showing” that it was apt to win connected the merits.
“Major nonaccomplishment for Kalshi successful the nation’s fiscal capital, with apt knock-on effects successful different cases (esp. Connecticut and different SDNY lawsuits),” wrote lawyer Daniel Wallach.
Trader loses $1M aft signing phishing token approval
A crypto idiosyncratic mislaid astir $1 cardinal connected Wednesday aft signing a phishing token support connected Ethereum, according to onchain data.
A Scam Sniffer alert on Thursday revealed a unfortunate mislaid 999,999 USDt (USDT) to an Ethereum phishing token support scam. Scammers archetypal tried draining a rounded $1 cardinal via multicalls but failed owed to insufficient funds, past succeeded seconds aboriginal by pulling the nonstop equilibrium successful follow-up transfers.
“The publication recalculated and pulled the nonstop remaining balance,” Scam Sniffer said.
Social engineering via phishing token approvals has go a communal crypto scam tactic. Phishing losses totaled $723 cardinal crossed 248 incidents successful 2025, according to CertiK. Scammers instrumentality a unfortunate into giving a malicious histrion entree to their wallet, taking the signifier of an innocuous-seeming transaction.
The unfortunate falsely believes that clicking “approve” volition lone initiate a insignificant task, but malicious links springiness the attacker support to drain funds from the wallet.
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