Robinhood Chain has recorded $500 million in daily Uniswap trading volume within just eight days of launch, lifting total value locked above $106 million and pushing the Arbitrum-powered network into the top ranks of decentralized finance activity. DeFiLlama data shows…
The post Worst Crypto Prank Ever? Viral Prediction Market Pulls Off Shocking Joke appeared on BitcoinEthereumNews.com.
World, a week-old Solana (SOL) prediction market, staged a fake exit. On July 8, it said it was leaving Solana for Robinhood Chain, then admitted the whole thing was a crypto prank the following day. The gag drew millions of views and briefly fooled parts of the crypto industry. It also divided opinion on whether staged deception is smart marketing or a costly gamble for a young platform. How the Crypto Prank Spread World went live on Solana on July 1 inside the Phantom wallet, with Chainlink (LINK) handling data and settlement. Solana’s official account had promoted the debut just a week earlier. Days later, the project told followers it was leaving for Robinhood Chain. It thanked the Solana Foundation and posted a polished logo for the supposed move. The target made the fake believable. Robinhood Chain is a real Arbitrum-based Layer 2 that launched on July 1 for toke
The integration of deSPXA into DeFi lending highlights the evolving landscape of tokenized assets, posing new risks and opportunities for investors.
The post Centrifuge enables deSPXA holders to borrow against S&P 500 exposure on Morpho appeared first on Crypto Briefing.
The post Arbitrum fee sharing Expands Revenue Model with Robinhood Chain appeared on BitcoinEthereumNews.com.
Arbitrum’s fee-sharing arrangement with Robinhood Chain is more than a billing detail — it’s a structural shift in how the Ethereum scaling network plans to monetize the growing wave of enterprise chains being built on its technology. Key takeaways Arbitrum collects 10% of fees generated on Robinhood Chain and every other Layer 2 built on its Orbit framework. Of that 10%, 8% flows to the ARB tokenholder-controlled treasury and 2% is directed toward development. Arbitrum One, the flagship rollup, sends 100% of its own fees to the treasury — a separate arrangement from the Orbit chain model. Robinhood Chain launched its mainnet on July 1 with tokenized stocks, onchain lending, and agentic trading built into Robinhood’s app. The fee-sharing model applies to any Orbit-based Layer 2, not solely Robinhood Chain, broadening the revenue scope for ARB holders. Arbitrum Fee Sharing on Ro
The post Gauntlet Raises $125M Series C From SBI Holdings appeared on BitcoinEthereumNews.com.
SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure. Gauntlet, a DeFi risk management and vault curation firm with $1.42 billion in assets under advisement, closed a $125 million Series C funding round with SBI Holdings, the Japanese financial conglomerate, as the sole investor, Gauntlet said on X Thursday. The firm, founded by chief executive Tarun Chitra, said the capital will fund “building our infrastructure across traditional capital markets, expanding stablecoin coverage, and accelerating new onchain offerings.” Gauntlet said it aims to provide “quantitative guardrails” as institutions move capital onchain. Gauntlet was last valued at $1 billion in 2022, when it raised roughly $24 million in a Series B round. Gauntlet did not disclose a post-money valuation for the Series C
SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure.
The post Arbitrum Gains as Robinhood Chain Boosts Network Activity appeared on BitcoinEthereumNews.com.
ARB jumped 7.6% as Robinhood Chain directed 10% of fees to the Arbitrum network. Robinhood Chain DEX volume topped $560M as active users and token launches reached records. RSI and MACD turned bullish as ARB recovered while traders watched key resistance levels. Arbitrum moved back into focus after ARB posted a daily rebound alongside growing activity surrounding Robinhood Chain. The renewed attention followed reports that Robinhood Chain will direct 10% of its chain fees to the Arbitrum network. Meanwhile, Robinhood Chain posted record levels of decentralized exchange activity, while Secret Network proposed migrating from Cosmos to Arbitrum, citing security concerns following a recent bridge exploit. Robinhood Chain Developments Support Network Activity CoinGecko reported that ARB gained 7.6% after news that Robinhood Chain plans to allocate 10% of chain fees to the Arbitrum ecosyst
The laundering through Tornado Cash complicates fund recovery, highlighting regulatory challenges and potential impacts on DeFi privacy tools.
The post Summer.fi hacker launders $1M through Tornado Cash after $6M exploit appeared first on Crypto Briefing.
