The post ARK Invest Pours $13.7M Into Circle (CRCL) Stock, Dumps Robinhood (HOOD) Shares appeared on BitcoinEthereumNews.com.
Key Highlights On July 9, ARK Invest acquired 217,896 shares of Circle Internet Group valued at approximately $13.7M The firm simultaneously offloaded 85,319 Robinhood Markets shares valued at roughly $9.8M Total Circle investments by ARK have exceeded $37M within approximately two months of 2026 Circle stock has plummeted 68% year-over-year while Robinhood has climbed more than 21% Analyst consensus places Circle’s price target at $131.76, suggesting potential 109% gains Cathie Wood’s investment firm ARK Invest acquired 217,896 shares in Circle Internet Group during trading on July 9, allocating approximately $13.7 million to the purchase. During the same session, the investment manager divested 85,319 Robinhood Markets shares, generating around $9.8 million in proceeds. Shares of Circle concluded the trading day at $63.01, representing a 1.65% decline. ARK’s d
The post MiCA Effect Is Real: EURC Stablecoin Smashes 4-Year Activity Records Days After Hard Deadline appeared on BitcoinEthereumNews.com.
The MiCA effect has proved real. Just days after the EU’s strict regulatory deadline came into force, Circle’s regulated euro stablecoin EURC recorded an unprecedented surge in on-chain activity, setting all-time highs across key network metrics in its four-year history. According to data from analytics platform Santiment, the daily number of active EURC addresses suddenly jumped to 1,760, while the number of newly created wallets within the ecosystem reached 713 per day. Euro Coin (EURC) daily active addresses and network growth, Source: Sanbase/Santiment The current surge clearly demonstrates that, under strict regulatory deadlines, euro-denominated blockchain liquidity is beginning to play an independent role and rapidly emerging from the shadow of dollar-based trading pairs. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors
The post Robinhood Chain Bridges Over $70M in Ethereum in First Week appeared on BitcoinEthereumNews.com.
Ethereum News More than $70 million worth of Ether bridged onto Robinhood Chain within its first week of operation, hardening Ethereum (ETH) as the settlement layer for the brokerage’s new tokenized-finance network. On-chain data shows the Arbitrum-based layer-2, which launched on July 1 and uses ETH as its native gas token, drew that liquidity in days as bridged balances climbed roughly seventyfold week-over-week. Because every transaction on the network settles in ETH, sustained adoption channels recurring demand toward the base asset. Analysts tracking the flows describe the chain as a potential new demand sink for the second-largest altcoin, tying Robinhood’s user base directly to Ethereum block space. Total value locked on the network moved past $106 million after large institutional deposits into the Morpho lending protocol, on-chain data indicates. Daily trading volume on au
The post Arbitrum (ARB) Token Soars 19% on Robinhood Chain’s Record-Breaking Trading Volume appeared on BitcoinEthereumNews.com.
Key Highlights The ARB token climbed 19% within a 24-hour period, leading all top 100 digital assets Robinhood’s new blockchain, powered by Arbitrum technology, recorded $568 million in trading activity A revenue-sharing model returns 10% of Robinhood Chain’s net protocol earnings to Arbitrum Memecoin speculation accounted for significant volume, while stablecoin deposits exceeded $260 million Crypto strategist Michaël van de Poppe identified bullish technical signals across ARB trading pairs Arbitrum’s native ARB token experienced a remarkable 19% surge over 24 hours on July 9, claiming the position as the strongest performer within the top 100 cryptocurrency rankings. This upward momentum was fueled by impressive early metrics from Robinhood Chain, which completed its first week of public operation. Arbitrum (ARB) Price Robinhood Chain operates on Arbitrum’
The post Crypto Traders Shift to TradFi as Tokenized Stock Trading Hits $54B appeared on BitcoinEthereumNews.com.
The post Crypto Traders Shift to TradFi as Tokenized Stock Trading Hits $54B appeared first on Coinpedia Fintech News Crypto traders are no longer betting only on Bitcoin and altcoins. Trading volume in tokenized traditional stocks crossed $54 billion in June, with SpaceX alone contributing $36 billion, followed by Strategy, Circle, and Intel New data from CryptoQuant shows that crypto traders are increasingly shifting toward TradFi equities. TradFi Stocks Are Becoming the New Crypto … Source: https://coinpedia.org/news/crypto-traders-shift-to-tradfi-as-tokenized-stock-trading-hits-54b/
The post New CLARITY draft; Circle faces criminal charges in pig butchering appeared on BitcoinEthereumNews.com.
Homepage > News > Business > New CLARITY draft; Circle faces criminal charges in pig butchering Stop us if you’ve heard this one before, but the U.S. Senate has a new draft of its digital asset market structure bill that reportedly still doesn’t address the crypto ethics elephant in the room. Senators will reconvene on Monday, July 13, following their two-week Independence Day holiday, starting a four-week countdown until they leave town again on August 7 for their traditional month-long summer break. Consensus holds that if Senate leaders are unable to schedule a floor vote for their digital asset market structure bill (CLARITY Act) by that date, the legislation might not get another shot this year, considering the number of other, more consequential bills also awaiting passage. Before this recent break, Sen. Cynthia Lummis (R-WY) suggested senators would continue to work o
The post Robinhood’s Innovative Blockchain Sees Early Success with Substantial ETH Transfers appeared on BitcoinEthereumNews.com.
Robinhood’s ambitious launch of its own Layer 2 blockchain, named Robinhood Chain, has swiftly attracted significant attention and investment. Within its first week, the platform witnessed the transfer of more than $70 million worth of Ether, indicating robust initial interest and participation. Continue Reading:Robinhood’s Innovative Blockchain Sees Early Success with Substantial ETH Transfers Source: https://en.bitcoinhaber.net/robinhoods-innovative-blockchain-sees-early-success-with-substantial-eth-transfers
The post Circle Accused by New York and Wisconsin Prosecutors of Hindering USDC Recovery for Scam Victims appeared on BitcoinEthereumNews.com.
Key Takeaways Wisconsin charged Circle over a warrant to seize 381,000 USDC stolen in a crypto romance scam. Circle holds 119 million frozen tokens, with critics noting it earns interest on backing reserves. Circle reached a federal deal to permanently freeze flagged USDC and issue new tokens to victims. State Prosecutors Clash With Stablecoin Giant The USDC stablecoin issuer, Circle, faces mounting criticism from prosecutors in Wisconsin and New York who say the company has declined or delayed complying with court orders aimed at recovering funds. According to an ICIJ report, Thomas Binger, a prosecutor in Walworth County, Wisconsin, has filed a misdemeanor criminal complaint accusing Circle of refusing to comply with a December warrant. The warrant ordered the company to “facilitate the seizure” of roughly 381,000 USDC stolen from a victim of
Stablecoin issuer Circle is facing scrutiny from prosecutors in Wisconsin and New York for allegedly delaying or refusing to comply with court orders to return stolen digital assets to scam victims. State Prosecutors Clash With Stablecoin Giant The USDC stablecoin issuer, Circle, faces mounting criticism from prosecutors in Wisconsin and New York who say the […]
