{"id":2252,"date":"2026-07-12T23:24:00","date_gmt":"2026-07-12T23:24:00","guid":{"rendered":"https:\/\/futurenews24.com\/index.php\/2026\/07\/12\/ethereum-climbs-as-robinhood-l2-takes-offutm_sourcerss_feedutm_mediumrssutm_campaignrss_partner_inbound\/"},"modified":"2026-07-12T23:59:04","modified_gmt":"2026-07-12T23:59:04","slug":"ethereum-climbs-as-robinhood-l2-takes-offutm_sourcerss_feedutm_mediumrssutm_campaignrss_partner_inbound","status":"publish","type":"post","link":"https:\/\/futurenews24.com\/index.php\/2026\/07\/12\/ethereum-climbs-as-robinhood-l2-takes-offutm_sourcerss_feedutm_mediumrssutm_campaignrss_partner_inbound\/","title":{"rendered":"Robinhood L2 Sparks ETH Optimism, Saylor ‘Muddies Waters.’ Hodler’s Digest July 12, 2026"},"content":{"rendered":"
\n<\/p>\n
\n
Robinhood Chain surge boosts ETH value<\/h2>\n
The profitable launch of the layer-2 community\u00a0Robinhood Chain\u00a0has 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. <\/p>\n
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.<\/p>\n
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: <\/p>\n
“lighter and robinhood L2s are sneakily finest setup for an eth bull thesis in a really very long time.”<\/p><\/blockquote>\n
Mike Dudas from sixth Man Ventures added that “robinhood chain is the one most bullish factor i’ve seen in eth-land in years.”<\/p>\nDeFi LLama<\/figcaption><\/figure>\n
Robinhood surges in 24 hour DEX quantity (DeFi Llama)<\/p>\n
Ethereum can also be getting a lift from its 47% market share of Actual World Belongings, based on Rwa.xyz information.\u00a0Leon 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 \u201cETH is underpriced,\u201d as the present relative valuation is decrease than within the 2022 bear market.<\/p>\n
UK politicians mull everlasting crypto donation ban in wake of Nigel Farage scandal<\/h2>\n
Members of the UK\u2019s 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.<\/p>\n
The Guardian reported Thursday that Labour MPs have proposed {that a}\u00a0moratorium\u00a0on 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 \u201citems\u201d from {industry} figures.<\/p>\n
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. <\/p>\n
\u201cLet me be completely clear: I’ve carried out nothing incorrect,\u201d mentioned Farage in an X livestream. \u201cI’ve not damaged the legislation in any approach in any respect. I’ve not misused public cash.\u201d\u00a0<\/p>\n
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. <\/p>\nNigel Farage<\/figcaption><\/figure>\n
US Bitcoin reserve hits snag as federal businesses debate for management: Bloomberg<\/h2>\n
The Trump administration\u2019s 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.<\/p>\n
US President Donald Trump\u2019s 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.\u00a0<\/p>\n
Nevertheless, issues have emerged over whether or not the\u00a0Treasury has the authorized authority\u00a0to handle the Bitcoin (BTC) holdings, partly due to its volatility, Bloomberg\u00a0reported\u00a0Monday, citing folks aware of the matter.\u00a0<\/p>\n
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.<\/p>\n
Wyden urges Senate leaders to maintain dev protections in crypto invoice<\/h2>\n
US Democratic Senator Ron Wyden has urged Senate leaders to make sure that crypto developer protections keep within the crypto market construction laws.<\/p>\n
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).<\/p>\n
\u201cBuilders who make and launch software program that enables folks to handle their very own digital belongings \u2014 and, critically, the place the developer doesn’t management person belongings \u2014 shouldn’t be handled as cash transmitters solely as a result of they create or publish software program,\u201d Wyden wrote.<\/p>\n
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\u00a0argued\u00a0it may create gaps within the oversight of illicit exercise.<\/p>\n
Senate leaders are\u00a0pushing for the invoice\u00a0to be handed this month.<\/p>\nWyden<\/figcaption><\/figure>\n
Trump says he turned \u2018an enormous crypto man\u2019 partly for politics<\/h2>\n
US President Donald Trump says he acquired concerned in crypto \u201cfor politics\u201d and have become pro-crypto after seeing how a lot cash the {industry} was making.<\/p>\n
At a press\u00a0convention\u00a0within the Oval Workplace on Monday to announce \u201cTrump Accounts,\u201d an funding account for youngsters below 18, Trump was requested whether or not the accounts would permit for Bitcoin (BTC).<\/p>\n
\u201cI\u2019ve turn into an enormous crypto man just for one purpose: If we don\u2019t have it, China\u2019s going to have it,\u201d Trump answered. \u201cI\u2019m a fan, I wasn\u2019t initially, I didn\u2019t know a lot about it, however, for a few of my first time period, I wasn\u2019t a lot concerned, and I watched it develop, and it is an enormous {industry}.\u201d<\/p>\n
\u201cI acquired concerned in it a little bit bit for politics,\u201d Trump added. \u201cI spotted there are lots of people that love crypto.\u201d<\/p>\n
In his first time period, Trump mentioned he was \u201cnot a fan\u201d of crypto and referred to as Bitcoin \u201ca rip-off.\u201d 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. <\/p>\n
5 senators have referred to as for committee hearings to analyze Trump\u2019s insurance policies doubtlessly being influenced by crypto funding from United Arab Emirates-linked and different entities.<\/p>\nTrump<\/figcaption><\/figure>\n
Winners and Losers<\/h2>\n
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.<\/p>\n
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%.<\/p>\n
The highest three altcoin losers of the week are Bonk (BONK) which misplaced 19%, Jupiter (JUP) on -18% and Pi (PI) at -16%.<\/p>\n
Prime Prediction of the Week<\/h2>\n
Bitcoin nearing late phases of bear market: Jamie Coutts, Actual Imaginative and prescient<\/h2>\n
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.<\/p>\n
\u201cI 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,\u201d Coutts mentioned throughout an\u00a0interview\u00a0on Cointelegraph\u2019s Commerce Secrets and techniques.<\/p>\n
He famous that Bitcoin\u2019s 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. <\/p>\n
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:<\/p>\n
\u201cI 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.”<\/p><\/blockquote>\n
Prime FUD of the Week<\/h2>\n
Technique’s Saylor wants readability in BTC pivot message to persuade buyers<\/h2>\n
Customary Constitution\u2019s world head of digital belongings analysis, Geoff Kendrick, believes latest Technique sale of $216 million value of Bitcoin to pay for STRC dividends\u00a0\u2014 and Michael Saylor’s method of speaking choices\u00a0\u2014 \u201care muddying the waters for BTC near-term.\u201d<\/p>\n
\u201cWe predict efficient communication of MSTR\u2019s new technique\u00a0(utilizing BTC to again STRC) is vital to reassuring markets that wholesale promoting is\u00a0unlikely; this could in flip help BTC costs,\u201d Kendrick wrote in a word to shoppers on Friday. \u201cCertainly, if this signalling proves\u00a0efficient, it ought to take away the necessity for MSTR to really promote any BTC by supporting\u00a0STRC\u2019s value,\u201d he mentioned.<\/p>\n
Kendrick mentioned that Technique\u2019s long-held \u201cby no means promote\u201d method had restricted what the corporate may with its industry-biggest digital asset treasury.<\/p>\n
\u201cThe issue with the \u2018by no means promote\u2019 method is that it limits what MSTR\u2019s BTC holdings\u00a0can do \u2014 or, maybe extra importantly, what they’re perceived to be doing,\u201d the StanChart analyst mentioned.<\/p>\n
Kalshi appeals NY courtroom’s rejection of bid to dam state playing legislation enforcement<\/h2>\n
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.\u00a0<\/p>\n
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.<\/p>\n
Choose Analisa Torres rejected that argument and located that New York playing legal guidelines, as utilized to Kalshi\u2019s sports-event contracts, weren’t preempted by the US Commodity Alternate Act. The courtroom mentioned Kalshi had not made a \u201cclear or substantial exhibiting\u201d that it was more likely to succeed on the deserves.<\/p>\n
\u201cMain loss for Kalshi within the nation\u2019s monetary capital, with possible knock-on results in different circumstances (esp. Connecticut and different SDNY lawsuits),\u201d\u00a0wrote\u00a0lawyer Daniel Wallach.<\/p>\n
Dealer loses $1M after signing phishing token approval<\/h2>\n
A crypto person misplaced almost $1 million on Wednesday after signing a phishing token approval on Ethereum, based on onchain information. <\/p>\n
A Rip-off Sniffer\u00a0alert<\/span>\u00a0on 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.<\/p>\n
\u201cThe script recalculated and pulled the precise remaining steadiness,\u201d Rip-off Sniffer mentioned.<\/p>\n
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.\u00a0<\/p>\n
The sufferer falsely believes that clicking \u201capprove\u201d will solely provoke a minor job, however malicious hyperlinks give the attacker approval to empty funds from the pockets.\u00a0<\/p>\n<\/div>\n
![\"DeFi](\"https:\/\/s3-images.ctmedia.io\/media\/content\/dex-volume.jpg\")
![\"Nigel](\"https:\/\/s3-images.ctmedia.io\/media\/content\/digest10-071.png\")
![\"Wyden\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/digest10-072.png\")
![\"Trump\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/digest10-073.png\")