Robinhood Chain surge boosts ETH value
The profitable launch of the layer-2 community Robinhood Chain has boosted investor sentiment round Ethereum. The newly launched blockchain makes use of ETH as its native gasoline token and round $141 million in ETH has already been bridged to the chain.
Greater than half 1,000,000 wallets holding ETH are actually on the community, which surged previous the Ethereum L1 and rival L2 Base over the previous 24 hours, with DEX volumes of $877.56 million. The L2 is an offshoot of TradFi buying and selling platform Robinhood, which provides tokenized shares to clients in 120 nations, additional strengthening the EVM-compatible ecosystem.
L2s have been seen by many pundits as bearish for Ethereum as they take exercise away from the L1 with out returning a lot in the way in which of transaction charges. Nevertheless even some former ETH bears are actually reassessing that thesis. Influencer Ansem wrote:
“lighter and robinhood L2s are sneakily finest setup for an eth bull thesis in a really very long time.”
Mike Dudas from sixth Man Ventures added that “robinhood chain is the one most bullish factor i’ve seen in eth-land in years.”
Robinhood surges in 24 hour DEX quantity (DeFi Llama)
Ethereum can also be getting a lift from its 47% market share of Actual World Belongings, based on Rwa.xyz information. Leon Waidmann, head of Analysis at Lisk, famous the Whole Worth Locked (TVL) on Ethereum of $260 billion has surpassed the $210 billion market cap of Ether. Waidmann mentioned this distortion indicators that “ETH is underpriced,” as the present relative valuation is decrease than within the 2022 bear market.
UK politicians mull everlasting crypto donation ban in wake of Nigel Farage scandal
Members of the UK’s ruling Labour social gathering are contemplating a complete ban on digital asset donations in response to Nigel Farage’s resignation from Parliament and the potential affect crypto billionaires had on his insurance policies.
The Guardian reported Thursday that Labour MPs have proposed {that a} moratorium on crypto donations enacted in March be made everlasting after it was revealed that the Reform chief personally accepted hundreds of thousands of British kilos in what he referred to as “items” from {industry} figures.
Farage sensationally resigned from Parliament final week in an try to get forward of an investigation into the donations by the UK’s parliamentary requirements commissioner.
“Let me be completely clear: I’ve carried out nothing incorrect,” mentioned Farage in an X livestream. “I’ve not damaged the legislation in any approach in any respect. I’ve not misused public cash.”
The foremost events are refusing to subject candidates towards him within the upcoming by-election, along with his most formidable political opponent the comedy character Rely Binface, who has acquired help from Reform’s critics.
US Bitcoin reserve hits snag as federal businesses debate for management: Bloomberg
The Trump administration’s push to determine a US Strategic Bitcoin Reserve has reportedly hit a roadblock, because the Commerce and Treasury departments are at odds over how the reserve ought to be structured and which company ought to have main oversight of the holdings.
US President Donald Trump’s March 2025 govt order referred to as for the SBR to be housed contained in the Treasury Division, whereas different businesses would help with asset seizures to construct the reserve.
Nevertheless, issues have emerged over whether or not the Treasury has the authorized authority to handle the Bitcoin (BTC) holdings, partly due to its volatility, Bloomberg reported Monday, citing folks aware of the matter.
The Commerce Division has emerged as a contender to supervise the reserve, the sources mentioned. The Division of Justice can also be reportedly working with the departments to find out legally out there choices, they added.
Wyden urges Senate leaders to maintain dev protections in crypto invoice
US Democratic Senator Ron Wyden has urged Senate leaders to make sure that crypto developer protections keep within the crypto market construction laws.
Wyden advised Senate Minority Chief John Thune and Senate Majority Chief Charles Schumer in a letter to protect a bit of the CLARITY Act often known as the Blockchain Regulatory Certainty Act (BRCA).
“Builders who make and launch software program that enables folks to handle their very own digital belongings — and, critically, the place the developer doesn’t management person belongings — shouldn’t be handled as cash transmitters solely as a result of they create or publish software program,” Wyden wrote.
The letter comes after sure teams and lawmakers opposed the BRCA. A bunch of legislation enforcement organizations and a coalition of Catholic organizations final month argued it may create gaps within the oversight of illicit exercise.
Senate leaders are pushing for the invoice to be handed this month.
Trump says he turned ‘an enormous crypto man’ partly for politics
US President Donald Trump says he acquired concerned in crypto “for politics” and have become pro-crypto after seeing how a lot cash the {industry} was making.
At a press convention within the Oval Workplace on Monday to announce “Trump Accounts,” an funding account for youngsters below 18, Trump was requested whether or not the accounts would permit for Bitcoin (BTC).
“I’ve turn into an enormous crypto man just for one purpose: If we don’t have it, China’s going to have it,” Trump answered. “I’m a fan, I wasn’t initially, I didn’t know a lot about it, however, for a few of my first time period, I wasn’t a lot concerned, and I watched it develop, and it is an enormous {industry}.”
“I acquired concerned in it a little bit bit for politics,” Trump added. “I spotted there are lots of people that love crypto.”
In his first time period, Trump mentioned he was “not a fan” of crypto and referred to as Bitcoin “a rip-off.” Since then, he and his household have constructed deep enterprise pursuits in crypto, and Trump has confronted criticism for his pro-crypto stance and for making extra money out of crypto in 2025 than any of the listed exchanges or miners.
5 senators have referred to as for committee hearings to analyze Trump’s insurance policies doubtlessly being influenced by crypto funding from United Arab Emirates-linked and different entities.
Winners and Losers
On the finish of the week, Bitcoin (BTC) is at $63,762, Ether (ETH) at $1800 and XRP (XRP) is at $1.08. The whole market cap is at $2.2 trillion based on CoinMarketCap.
Among the many greatest 100 cryptocurrencies, the highest three altcoin winners of the week are DeXe (DEXE) with a 94% achieve, Pyth Community (PYTH) at 19%%, and Arbitrum (ARB) at 15%.
The highest three altcoin losers of the week are Bonk (BONK) which misplaced 19%, Jupiter (JUP) on -18% and Pi (PI) at -16%.
Prime Prediction of the Week
Bitcoin nearing late phases of bear market: Jamie Coutts, Actual Imaginative and prescient
Bitcoin could possibly be getting into the latter phases of the bear market, with draw back momentum starting to decelerate, based on Actual Imaginative and prescient chief crypto analyst Jamie Coutts.
“I believe we’re getting by a lot of the bear market motion. It is nonetheless not over, clearly. However you already know, I believe we’re approaching a minimum of the second half,” Coutts mentioned throughout an interview on Cointelegraph’s Commerce Secrets and techniques.
He famous that Bitcoin’s volatility has declined by about 50% in contrast with the earlier market cycle, suggesting the present downturn could also be much less extreme than earlier bear markets.
Coutts added that he isn’t comfy making predictions for a $1 million Bitcoin value in 2030 attributable to too many variables. Nevertheless he mentioned:
“I am extra comfy with a forecast within the subsequent form of two to a few years that Bitcoin ought to get to form of $200,000 to 250,000.”
Prime FUD of the Week
Technique’s Saylor wants readability in BTC pivot message to persuade buyers
Customary Constitution’s world head of digital belongings analysis, Geoff Kendrick, believes latest Technique sale of $216 million value of Bitcoin to pay for STRC dividends — and Michael Saylor’s method of speaking choices — “are muddying the waters for BTC near-term.”
“We predict efficient communication of MSTR’s new technique (utilizing BTC to again STRC) is vital to reassuring markets that wholesale promoting is unlikely; this could in flip help BTC costs,” Kendrick wrote in a word to shoppers on Friday. “Certainly, if this signalling proves efficient, it ought to take away the necessity for MSTR to really promote any BTC by supporting STRC’s value,” he mentioned.
Kendrick mentioned that Technique’s long-held “by no means promote” method had restricted what the corporate may with its industry-biggest digital asset treasury.
“The issue with the ‘by no means promote’ method is that it limits what MSTR’s BTC holdings can do — or, maybe extra importantly, what they’re perceived to be doing,” the StanChart analyst mentioned.
Kalshi appeals NY courtroom’s rejection of bid to dam state playing legislation enforcement
Kalshi is interesting a New York federal decide’s rejection of its bid to dam officers on the New York State Gaming Fee from implementing native legal guidelines towards its sports-related occasion contracts.
The enchantment escalates a rising authorized struggle over whether or not sports activities prediction markets are federally regulated derivatives or state-regulated playing merchandise. This query has already cut up courts throughout the US.
Choose Analisa Torres rejected that argument and located that New York playing legal guidelines, as utilized to Kalshi’s sports-event contracts, weren’t preempted by the US Commodity Alternate Act. The courtroom mentioned Kalshi had not made a “clear or substantial exhibiting” that it was more likely to succeed on the deserves.
“Main loss for Kalshi within the nation’s monetary capital, with possible knock-on results in different circumstances (esp. Connecticut and different SDNY lawsuits),” wrote lawyer Daniel Wallach.
Dealer loses $1M after signing phishing token approval
A crypto person misplaced almost $1 million on Wednesday after signing a phishing token approval on Ethereum, based on onchain information.
A Rip-off Sniffer alert on Thursday revealed a sufferer misplaced 999,999 USDt (USDT) to an Ethereum phishing token approval rip-off. Scammers first tried draining a rounded $1 million through multicalls however failed attributable to inadequate funds, then succeeded seconds later by pulling the precise steadiness in follow-up transfers.
“The script recalculated and pulled the precise remaining steadiness,” Rip-off Sniffer mentioned.
Social engineering through phishing token approvals has turn into a typical crypto rip-off tactic. Phishing losses totaled $723 million throughout 248 incidents in 2025, based on CertiK. Scammers trick a sufferer into giving a malicious actor entry to their pockets, taking the type of an innocuous-seeming transaction.
The sufferer falsely believes that clicking “approve” will solely provoke a minor job, however malicious hyperlinks give the attacker approval to empty funds from the pockets.
