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An Ethereum (ETH) layer-2 scaling solution is soaring after gaining support from US retail trading giant Robinhood. According to Robinhood, the ETH layer-2 Arbitrum (ARB) is now available to be bought, sold, and traded over the trading platform. google336x280] News of the addition sent ARB rallying from a price of $0.374 on March 4th to $0.421 a day later. It has since stabilized and is trading for $0.419 at time of writing, a 14.5% gain during the last 24 hours. ARB joins Robinhood’s suite of crypto products, which includes Bitcoin (BTC), Ethereum, Cardano (ADA), Solana (SOL), popular memecoins such as Dogecoin (DOGE), Pepe (PEPE) and Shiba Inu (SHIB), and dozens of others. Last month, it was Robinhood reported that it saw a staggering 8x increase in crypto trading revenue in Q4 of 2024, putting pressure on Coinbase, its competitor and the largest crypto exchange platform in the US. According to the Robinhood’s investment report, the company saw a 200% year-...

Ethereum (ETH) founder Vitalik Buterin is concerned about the rise of “political coins,” memecoins such as MELANIA and TRUMP. Buterin says the crypto sector has spent the past year entering “a new order” where people cheer on the idea of creating a token for anything at any scale. “And so now is the time to talk about the difference between sugar-high short-term fun that is unwise to recommend to newbies, and long-term fulfillment and wealth-building. It is not about ‘fun is bad’, it is about the equivalent of modern hyperaddictive cellphone games, versus chess or World of Warcraft. Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation-states.” US President Donald Trump and First Lady Mela...

Informed Crypto News Blessed with tacit endorsements of President Donald Trump’s crypto projects and capitalizing on its leading competitor’s in-fighting, Solana’s value and popularity has skyrocketed over the past month. In the last 30 days, its market capitalization rallied $28 billion and its transaction priority fee 10X’d. As a result of all of this blockchain activity, fees and congestion have started to bog down Solana’s user experience, encouraging the creation of Solana Virtual Machine (SVM) blockchains. In the last 30 days, its market capitalization rallied $28 billion. Attempting to buck its association with Sam Bankman-Fried’s FTX and Securities and Exchange Commission (SEC) allegations of unregistered SOL securities offerings, Solana is taking a leaf out of Ethereum’s playbook . Years ago, Metamask (a popular Ethereum wallet) rolled out support for other Ethereum Virtual Machine (EVM) compatible networks. This provided users with a practical ben...

Fan tokens based on members of England’s Euro 2024 team, including Jude Bellingham, manager Gareth Southgate, and captain Harry Kane, have all tanked in price ahead of the make-or-break quarter-final clash against Switzerland on Saturday.  The tokens were created to cash in on the hype around the quadrennial tournament. However, it didn’t take long for them to be labeled as scams. Indeed, speaking about Captain Harry Kane token ($CHK), Russian cybersecurity provider Kaspersky said: “Hackers are taking advantage of the popularity of Euro 2024 to sell personalized coins featuring the most popular players, promising impressive returns.” The coin has dropped almost 99.9% since its all-time high on June 6. Branding of the Captain Harry Kane coin. Other tokens based on the squad, including $JUDE (Jude Bellingham) and $GARETH (Gareth Southgate) haven’t faired well either. Bellingham managed to save England from an embarrassing tournament exit with a spectacular last-minut...

Google queries for meme coins have quintupled in the last 30 days with some leading tokens rallying millions of percentage points. At today’s heights, some are calling for the bubble to pop. This month — somewhat unbelievably — dozens of new meme coins have raised nine figures simply through their founders tweeting a Solana wallet address. No whitepaper, website, terms, or agreement. Now, with the memetic bubble reaching fever pitch, hundreds of smaller coins are already trying to attract attention from the leading tokens’ breathtaking valuations by adding ‘ utility .’ It is the ICO playbook all over again. Seven-year rewind For context, during the 2017 initial coin offering ( ICO ) craze, founders tried to avoid US SEC urities regulations by focusing on the utility (rather than profit potential) of their tokens. Because US law forbids most founders from raising money on the promise of profit without SEC registration or exemption, ICO s emphasized how ...

In a Tweet , he stated that he has been studying meme coins for some time and believes that they have tremendous potential for growth. Justin also noted that he will bear potential losses that would spring from the trading and promised that any profit realized will be entirely given to charity. advertisement I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity. — H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023 Trending Stories Ethereum Price Breakdown below Crucial Support Alerts a Potential Crash to $1500; Sell or Keep Holding? 24/7 Cryptocurrency News LUNC Price Analysis Plots a 10% Rise this Week, But There’s a Catch 24/7 Cryptocurrency News Bitcoin Price Analysis: Multiple Resistances Put BTC Price Under 10...