Robinhood Chain surge boosts ETH worth
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 gas token and round $141 million in ETH has already been bridged to the chain.
Greater than half a million wallets holding ETH at the moment are 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 presents 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 at the moment are 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, in line with Rwa.xyz knowledge. Leon Waidmann, head of Analysis at Lisk, famous the Complete Worth Locked (TVL) on Ethereum of $260 billion has surpassed the $210 billion market cap of Ether. Waidmann stated this distortion alerts 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 get together are considering a total 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 thousands and thousands of British kilos in what he referred to as “presents” from {industry} figures.
Farage sensationally resigned from Parliament last week in an try and get forward of an investigation into the donations by the UK’s parliamentary requirements commissioner.
“Let me be completely clear: I’ve executed nothing improper,” stated Farage in an X livestream. “I’ve not damaged the legislation in any approach in any respect. I’ve not misused public cash.”
The main 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 assist from Reform’s critics.
US Bitcoin reserve hits snag as federal companies debate for management: Bloomberg
The Trump administration’s push to ascertain a US Strategic Bitcoin Reserve has reportedly hit a roadblock, because the Commerce and Treasury departments are at odds over how the reserve needs 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 companies would help with asset seizures to construct the reserve.
Nevertheless, issues have emerged over whether or not the Treasury has the legal authority to handle the Bitcoin (BTC) holdings, partly due to its volatility, Bloomberg reported Monday, citing individuals conversant in the matter.
The Commerce Division has emerged as a contender to supervise the reserve, the sources stated. The Division of Justice can also be reportedly working with the departments to find out legally obtainable 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 instructed Senate Minority Chief John Thune and Senate Majority Chief Charles Schumer in a letter to protect a piece of the CLARITY Act referred to as the Blockchain Regulatory Certainty Act (BRCA).
“Builders who make and launch software program that permits individuals to handle their very own digital property — and, critically, the place the developer doesn’t management consumer property — 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 bill to be handed this month.
Trump says he grew to become ‘a giant crypto man’ partly for politics
US President Donald Trump says he got involved in crypto “for politics” and have become pro-crypto after seeing how a lot cash the {industry} was making.
At a press conference within the Oval Workplace on Monday to announce “Trump Accounts,” an funding account for kids underneath 18, Trump was requested whether or not the accounts would permit for Bitcoin (BTC).
“I’ve grow to be a giant crypto man just for one motive: 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 obtained concerned in it slightly bit for politics,” Trump added. “I spotted there are lots of people that love crypto.”
In his first time period, Trump stated 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 called for committee hearings to investigate Trump’s insurance policies probably 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 entire market cap is at $2.2 trillion in line with CoinMarketCap.
Among the many largest 100 cryptocurrencies, the highest three altcoin winners of the week are DeXe (DEXE) with a 94% acquire, 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 might be coming into the latter phases of the bear market, with draw back momentum starting to decelerate, in line with Actual Imaginative and prescient chief crypto analyst Jamie Coutts.
“I feel we’re getting by means of a lot of the bear market motion. It is nonetheless not over, clearly. However you already know, I feel we’re approaching not less than the second half,” Coutts stated 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 snug making predictions for a $1 million Bitcoin worth in 2030 resulting from too many variables. Nevertheless he stated:
“I am extra snug with a forecast within the subsequent type of two to a few years that Bitcoin should get to sort of $200,000 to 250,000.”
Prime FUD of the Week
Technique’s Saylor wants readability in BTC pivot message to persuade traders
Normal Constitution’s world head of digital property 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 selections — “are muddying the waters for BTC near-term.”
“We expect efficient communication of MSTR’s new technique (utilizing BTC to again STRC) is essential to reassuring markets that wholesale promoting is unlikely; this could in flip assist BTC costs,” Kendrick wrote in a notice 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 worth,” he stated.
Kendrick stated that Technique’s long-held “by no means promote” strategy had restricted what the corporate may with its industry-biggest digital asset treasury.
“The issue with the ‘by no means promote’ strategy 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 stated.
Kalshi appeals NY court docket’s rejection of bid to dam state playing legislation enforcement
Kalshi is interesting a New York federal choose’s rejection of its bid to dam officers on the New York State Gaming Fee from enforcing local laws against its sports-related occasion contracts.
The attraction escalates a rising authorized combat 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.
Decide 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 Change Act. The court docket stated Kalshi had not made a “clear or substantial exhibiting” that it was prone to succeed on the deserves.
“Main loss for Kalshi within the nation’s monetary capital, with doubtless 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 consumer misplaced practically $1 million on Wednesday after signing a phishing token approval on Ethereum, in line with onchain knowledge.
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 resulting from 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 stated.
Social engineering through phishing token approvals has grow to be a standard crypto rip-off tactic. Phishing losses totaled $723 million throughout 248 incidents in 2025, in line with 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 activity, however malicious hyperlinks give the attacker approval to empty funds from the pockets.
