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The post Robinhood Chain Users Hit by Scam Token Losses appeared on BitcoinEthereumNews.com. Relay says scam tokens vanished after purchase but wallets and private keys remained secure. Robinhood Chain users reported losing funds after buying malicious memecoins. Robinhood Chain topped $70M in bridged ETH as network activity kept expanding. Robinhood Chain has recorded high growth in trading activity and bridged assets since its launch, but the network is also facing reports of scam tokens affecting early participants. Relay Protocol confirmed that some users have purchased illicit tokens made to disappear from their wallets immediately after a transaction, leading to permanent losses of the funds used to make those purchases. The clarification came as social media users shared screenshots and complaints after seeing newly purchased memecoins vanish from their wallets, raising concerns about token safety on the recently launched Ethereum Layer 2 network. Relay Says Scam Tokens Are Resp
Read full articleRobinhood Chain's rapid growth highlights the increasing integration of traditional finance with blockchain, potentially reshaping investment landscapes. The post Total asset market cap on Robinhood Chain surpasses $420M within days of launch appeared first on Crypto Briefing.
Bitmine's massive ETH holdings could influence market liquidity and create concentration risks, impacting Ethereum's price stability and investor strategies. The post Bitmine acquires $36M in Ethereum, boosting treasury holdings to 5.7 million ETH appeared first on Crypto Briefing.
The post Prediction markets are transforming into aggressive derivatives platforms appeared on BitcoinEthereumNews.com. World, a Chainlink-powered prediction market launched in the Phantom wallet on Solana on July 1, said recently that it is moving to Robinhood Chain. The move shifts the project from Solana’s crypto-focused users to Robinhood’s roughly 28 million customers, prompting some users to accuse it of using Solana to gain attention before leaving. After more than two years of teasers, the concept debuted in Phantom, a well-known Solana wallet. It allowed players to wager on the price of Bitcoin and the 2026 FIFA World Cup, with rewards issued in Phantom’s CASH stablecoin and results validated by Chainlink. The initiative closed after seven days, citing “careful deliberation in the last 24 hours.” The announcement gave no reason for the shutdown, mentioned no technical issues, and did not explain what would happen to open bets. The move was unexpected, as World had recently sa
The post Robinhood Chain TVL Soars 35% appeared on BitcoinEthereumNews.com. Robinhood Chain sees 35% surge What’s behind Robinhood Chain’s rapid emergence? In less than two weeks after the layer 2 blockchain launched, Robinhood Chain has continued to smash major milestones, flipping existing networks in major metrics. Recent data from DefiLlama shows that Robinhood Chain has crossed $100 million in total value locked (TVL) within just about ten days of launch. Robinhood Chain sees 35% surge The data further showed that the massive $101.03 million milestone in its TVL has come after the network saw a rapid surge of 35.75% in the metric over the last 24 hours. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy In addition to this, Robinhood Chain has also recorded over $473 million in its daily DEX trading volume, while its stablecoin market capitalization has climbed
The post Robinhood Chain scams are already costing users dearly appeared on BitcoinEthereumNews.com. Robinhood (Nasdaq:HOOD) launched the public mainnet of its new blockchain on July 1, and unfortunately, tons of people are already losing money trading its coins. Bad actors are using a variety of scam contracts, memecoin rug-pulls, phishing links, and garden variety theft, leading to complaints of loss flooding onto social media. Relay Protocol warned about scam tokens on the new Robinhood Chain: “If you bought one, the funds you spent are unfortunately gone.” In this example, scam contracts are accepting a token swap, briefly crediting the buyer’s wallet yet immediately transferring the tokens back to the deployer’s wallet. In other words, users unwittingly purchased tokens for someone else. Another trader alleged that Robinhood Wallet’s default sell screen auto-populated a Robinhood Chain scam coin called USER. Unless someone modified that default, the position would vaporize. “$600
The post Arbitrum (ARB) Price Prediction 2026, 2027, 2028, 2029, 2030-2050 appeared on BitcoinEthereumNews.com. Bullish ARB price prediction for 2026 ranges from $0.25 to $0.35. ARB could hit $0.20 in 2026 with Robinhood Chain fee-sharing confirmed and March 2027 vesting completion removing monthly unlock pressure. The bearish ARB price prediction for 2026 is $0.07. Arbitrum hit an all-time low of $0.07067 in June 2026, down 97% from its $2.40 peak, while securing $18 billion in TVL across 100+ live Orbit chains including Robinhood’s new Layer 2. On July 9, Offchain Labs co-founder Steven Goldfeder announced 10% of fees from every Orbit chain plus 100% of Arbitrum One fees flow back to ARB tokenholders, sending the token up 13%. That gap between network performance and token price is the entire ARB story, and this price prediction covers whether the fee-sharing model finally closes it through 2050. What Is Arbitrum (ARB)? Arbitrum is Ethereum’s largest Layer-2 scaling solution, built b
The post Founders Debate Ethereum L2 Value After Robinhood Chain Launch appeared on BitcoinEthereumNews.com. Ethereum L2 debate returns as Robinhood launches an ETH-denominated Layer-2 network. Founders debate whether Layer-2s strengthen Ethereum or shift activity from its base layer. Leighton Cusack said Ethereum’s value comes from ETH adoption, liquidity, and asset issuance. The role of Ethereum in the Layer-2 ecosystem is back in focus after the launch of Robinhood’s Ethereum-denominated Layer-2 network. World Network co-founder Leighton Cusack argued that recent bullish developments are being framed as negatives because of weak market sentiment. Cusack said Ethereum has been “so abused for the last two years” that even positive news, like Robinhood launching an ETH-denominated L2, is being portrayed negatively. “Narratives follow price,” he added. L2s and Ethereum’s Value Capture In response, Multicoin Capital managing partner Kyle Samani repeated his long-held view that Layer-2
The post Ethereum Price Analysis: ETH Faces a Crucial Test After Latest Rebound appeared on BitcoinEthereumNews.com. Ethereum has staged a notable recovery after defending its recent lows, with buyers gradually rebuilding momentum. While the higher time frames remain constrained beneath major resistance, the lower time frame structure has improved, and on-chain activity appears to be stabilizing following months of cooling network participation. Ethereum Price Analysis: The Daily Chart On the daily chart, it is evident that ETH continues to trade within a broader bearish structure despite its recent rebound. The asset remains inside the descending channel that has guided the market lower for several months, while both the 100-day and 200-day moving averages continue to slope downward above the current price, which reinforces the fact that the dominant trend is bearish. Following the sharp decline toward the $1.5K demand zone, buyers stepped in aggressively, triggering a relief rally ba
